I’ve added one new mining pick to swing while we all wait for gold to start moving again.
Near term cycle projections have risen as the relentless mania just trends right along. We may as well take advantage, right? I’ve added a couple of swing trade chart picks that look well positioned to do just that.
What about all those sell signals? Failed again. Short sellers are setting themselves up as targets in a carnival shooting gallery. That’s typical of an entrenched mania.
When and where will it end? I’ve posted near term and longer term projections based on current trends and cycles.
Stock market analysis requires many disciplines. Unlike, physics, for example, it’s not rocket science. Hell, it’s not even science. But while physicists and astrophysicists understand more and more about how the universe works, there is much more that they don’t understand. For every theory that they confirm, more questions arise.
They say that approximately 80% of the mass of the universe is “dark matter.” They don’t know what it is. And there’s “dark energy,” that they don’t understand either. They see their effect, but they can’t see the cause, and don’t know what either of them is. So they observe and measure the effects, and make predictions and develop theories based on that.
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Recent weakness has negated the upside implications of the reverse head and shoulders pattern that formed between October and January. The up phase in the 9-12 month cycle now looks like it will remain flat. Here’s what needs to happen to keep things on the up and up. And a gold miner pick to swing.
Macro Liquidity continues to bulge. The stock market has followed. It became oversold versus the surge in liquidity that the Fed initiated in March 2020. And it hasn’t looked back since. Should we expect to see stock prices become overbought again before the next big crash?
Short term cycles have topped out and concurrent down phases are ideally due to last 2-3 weeks. With weak upward momentum in the 6 month cycAle, the potential exists for a significant downdraft. That, in turn would signal the onset of a 6 month cycle down phase. This is the best shot that bears have had for a turn in the tide since August-September.
Both bonds and stocks have weakened over the past 2 weeks. It’s a sign that the Fed isn’t supplying enough QE. We’ve known for a…
A major swing cycle is in trouble.
The risks are astronomical despite improved tax collections. Subscribers, click here to download the report. Available at this link for legacy Treasury subscribers. KNOW WHAT’S…
The cycle low is confirmed and we have new upside projections.