Here are today’s gold stock screens and data, along with cycle conditions and projections for gold and HUI index, and Chart of the Day...
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The SP futures (or ES electronic mini S&P) have been in a slow downward drift after making a double top coincident with the open of European trading, versus a pivot high earlier last night. The Spoos dropped below the 2 and 5 day cycle centerlines, both moving sideways at about 1339 and 1337 respectively,...
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SPX (cash) tanked on the open in NY after hitting its 2 day cycle projection late Thursday. The gap down triggered sell signals on 2 and 5 day cycle oscillators. These indicators had negative divergences versus the SPX double top at about 1296.50 near Thursday’s close and early Tuesday. The new 2 day cycle...
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SPX (cash) traded in a line yesterday after blasting off at the open. The 2 day cycle oscillator was on the sell side from mid day until the close. 5 and 8 day cycle oscillators were in the topping zone but had not rolled over. SPX closed right on the 5 day cycle centerline...
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Technical indicators show some fraying around the edges. 10-12 month cycle momentum is surging on the buy side, but VIX keeps sending sell signals. Conflicting indications abound. This report gives keys to judging which way the market will break. Tweet
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The bears got a gift on Wednesday, but there’s a question of whether it will be one that keeps on giving. There are few sell signals yet, but there are some indications that are leaning that way, particularly the timing of the turn coincident with the date on which the idealized 8 week cycle...
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The SP futures are currently hovering just above what was a double bottom but appears to be morphing into a triple bottom. As a dear departed friend of the trading community at Capitalstool.com who was a great intermediate swing trader used to say, “The more often support is tested, the weaker it becomes.” The...
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Analysis: Earnings outlook may be deteriorating rapidly
Reuters – Fri, Dec 2, 2011 6:29 PM EST.. .
By Ryan Vlastelica
NEW YORK (Reuters) - Earnings season is just over a month away, but the early signals are not comforting.
Companies cutting fore...
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Indicators derived from the market averages are slowly edging to the sell side, but are not yet confirming a downturn. Screening measures which emphasize patterns in individual stocks however are more definitive in their sell signals. Which are correct? Tweet
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Conditions now appear favorable for a short term and possible intermediate high to form, but certain additional signals are necessary. This report discusses them. Tweet
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Back in May, I posted an article on Minyanville asserting that all-cash buyers have kept several major housing markets from collapsing. (See All-Cash Buyers Preventing Collapse of Housing Markets.) With new evidence in to support this claim, now is a...
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The fact that the market did not give ground today suggests that the 13 week cycle up phase may be gaining a little traction, but the signals are far from unanimous. The market is still caught within the range of indecision. Tweet
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http://megaswf.com/file/1171430
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In Crosstown Traffic, Jimi Hendrix sang: “can’t you see my signals turn from green to red / And with you I can see a traffic jam straight up ahead.” In global financial markets, the signals have changed from green to red. But rather than a sim...
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08/26/2011
Oversold All Time Frames
by Carl Swenlin
After the price breakdown in late-July, some internal indicators quickly became oversold in the short-, medium-, and long-term, and have stayed there for nearly a month. This fact is clearly illustra...
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With DJIA/gold now hitting long term levels that are precedents for reversal in this ratio, I am mindful of signals indicating reversals. One such signal appears to be forming in the intra day gold chart, easily seen in an hourly chart but reproduced b...
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The market sent signals confirming a 13 week cycle low on Tuesday, but it’s a long way from suggesting that this rally will be any more than a counter trend bounce. The one thing in favor of an upside surprise that lasts longer than most expect is that the 10-12 month cycle is also...
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The big story of the US economic “recovery” has been rapid industrial growth, at least according to the mainstream media. Unfortunately the story, which hasn’t been true for the past 10 months, is now beginning to fall apart. The problem here is momentum, just as it was with yesterday’s retail sales report (Retail Sales...
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There are no clear signals yet as to whether this is the moment bears have been waiting for. Things started to lean in that direction today, but $11-15 billion in POMO and $16 billion in Treasury paydowns will hit the market over the next two days. Click here to download complete report in pdf...
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The silver thing is getting contagious. I still think it was the margarine, but A- what I think doesn't matter, and B- what I think doesn't matter.
What matter's is that it's catching. My Vicks chart stank signals now confirmed. More in tonight's Sti...
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May 2, 2011
Here is an combined perspective on three market valuation indicators I routinely follow: The relationship of the S&P Composite to a regression trendline (more) The cyclical P/E ratio using the trailing 10-year earnings as the divisor (mo...
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The indirect bids at today’s 13 week and 26 week bill auctions were down sharply from both last week and from the auctions of the expiring paper. That’s a sign that Japan and other central banks did not show up at today’s auctions. The bid tendered on the 13 week bill was just $5...
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SPX Update: The Crash: 1; Seasonality: 0
As predicted, Wednesday's normally seasonally-bullish session turned into a big red candle. That in itself should tell us something about this market, as that marks only the second time in ten years that the Wednesday before Thanksgiving&nbs...
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