Short term indicators for gold have edged to the sell side. The 13-17 week cycles are due for consolidation. However, cycle projections still point higher.…
This post is an excerpt from Liquidity Trader report: Banking System Fragile As Fuse For Implosion Nears Ignition. Where Does Homeless Money Go? Into Reverse…
Bulls won yesterday’s screen game by 16 to 5. 21 total signals is an extremely low number. That’s because there have been so many buy signals in the past week or so that there are few left to trigger. By the same token, there’s no new wave of sell signals. In fact 4 of the 5 sell signals from yesterday were pharma stocks. The rest of the market essentially zippo. So were still in the residual momentum stage of the 153 to 6 bull stampede on May 14.
That suggested a new bull swing phase.
The ES S&P fucutures have been attacking resistance at 4210 throughout the night and into mid day here in Europe, early AM in the US. They look poised for a breakout. That would make the next target the rising channel line at …
What can I say. I like sports analohgeeze.
The obvious initial target of this premarket move in the ES fucutures is 4185. If they clear that, abandon hope, all ye bears who enter here (literary reeferants). Such a breakout would have a base pattern measured move implication of 4300. But first, the 5 day cycle projection looks 4200ish.
On tother hand,
As wild short term volatility chews up swing traders and spits them out, the market averages remain in an uptrend, and look poised to move…
List performance degraded last week, with the average gain dropping to +2.5% on an average holding period of 12 days. That includes open picks and those that triggered stops during the week. Remaining picks are shaky. I have tightened stops.
This table summarizes recent list performance.
Every time there’s a critical problem in the banking system due to banker malfeasance, the Fed steps in to paper it over and reward the…
Looking at cycle projections a bit shorter today, the 6 month cycle projection comes to about 36,000. That’s done. Yesterday, I showed that the…
Bulls won yesterday’s screen game by 59 to 6. That includes 4 sell signals on inverse ETFs counted as bullish. That’s a huge margin, second recently only to the 153 to 6 bull stampede last Friday, which suggested a new bull swing phase.
Hey! I don’t manipulate or argue with the numbers. They are what they are. Disbelieve them at your own risk.