Originally posted at Capitalstool. Current bitcoin projection 39,000-40,000.
A 13-17 week cycle high is due for gold, with a projection of xxxx-xxxx (subscribers only), but the down phase should be benign given the…
When I first started doing MACD charts in Metastock on an Apple 2e computer in 1982, I thought that negative divergences between oscillating indicators and the market averages were the be-all, and end-all in TA.
Truth is, they’re meaningless. We …
The balance between QE and Treasury supply has gotten even more bullish and will remain so until xxxx (subscribers only). This should provide a boost…
Well I just filed my tax return. Phew!
Meanwhile, the market is taking a breather. 5 day cycle indicators are headed down but the index is only going sideways. That’s typically bullish. There’s still an unmet 5 day cycle projection of 4200 and in …
I have always been reluctant to post midweek updates. Last week’s market action was a perfect example why. We had the beginning of a crash.…
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.
There’s no excuse for not knowing. This information is all published in advance. I track it, consolidate it, chart it, and publish it weeks ahead of the fact. We knew that a big cash bulge was coming this week and next.
Bulls won yesterday’s screen game by the uninspired score of 34 to 15, short term buys to sells, a spread of +21. In Wednesday’s crash,…
When we look at the 2 hour bars on the ES S&P fucutures we can interpret it in two ways. The market is not attacking a zone of massive impenetrable overhead supply, AKA resistance.
Or the market is entering a zone that has been crossed over a…