Gold and precious metals stocks faltered on Friday. The start of the intermediate up phase is in a risky place. 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 picks for swing trades. Indispensable daily information for gold and precious…
With many traders away this week and extremely light trading, it’s easy to be suspicious of the numbers. Be that as it may, they continue to strengthen, with intermediate cycle projections now all pointing higher than they were a few days ago.
Three days ago, the headline was “Gold Enters Bottoming Window.” Now the question is whether it is emerging. 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 picks for swing trades. Indispensable daily information for gold and precious metals stocks…
The slight advances in the SPX over the past 2 days has caused some ambiguity to develop in the indicator picture. It is no longer a monolithic bearish sweep.
The question hanging over the market now is what Ben will do. The technical picture suggests that traders are predisposed to react a certain way, but there’s a key support level that could send a signal one way or the other depending on whether it holds or breaks.
The test of the lows has arrived and it does not appear that they will hold for long.
Wild gyrations have become the norm as cycles apparently remain juxtaposed to one another in an illiquid environment. The churning will continue until the expected downturn in the 13 week cycle. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that…
There are some indications that the market is at or within a day or two of a short term low, including the testing of major support, but intermediate signals suggest that 6 weeks of decline lie ahead.
The market took a normal breather one day after a triangle breakout.
The market marked time again on Wednesday. The underlying indications showed no sign of weakness.