I do not remember March being this cold for so long here. I have had some time off work, as I am not allowed to work until I have some surgery. There is a four month waiting list. Hopefully it will be sooner, but I am not working. The stock market may have some work though, to keep moving higher from here. Here is a look at our MINI VIX chart. Our MINI TLT chart, might be suggesting this was it for the move higher for TLT. Moving above 96, may suggest something else. No call on USO, but we might see more downside. The bull move in gold may at least pause here. It may be too much to ask GLD, to get above the 204-206 level. Here is a look at our GLD Fibonacci chart, and our Pro bands.
We should go to the moon fore often, the bulls liked it as the NYA climbed higher with the DEMA. The QQQ's like the move higher as well. USO joined the party to. Our MINI USO chart, is looking better for the bulls. I would not bet against more downside though. GLD hit my numbers almost perfectly, as we saw the move higher. We are back to a few points above the recent range. Holding above 190 might confirm the move up. Here is here is a look at our GLD MINI chart, and the Dow one. I do have one weekly cycle bottoming this week, or next. Bulls do not want to see a VIX spike here. Here is a look at our GLD Fibonacci chart, and our Pro bands.
What a huge week for stocks! I say that mainly as a private company has put us back on the moon again. This is huge for a private company to accomplish this. I think this bodes very well for the technology sector. I do not see a lot of change for stocks right now. We look to be consolidating. USO, may continue to drop looking at our MINI, USO chart. TLT, may be starting to turn. Here is a look at our Dow MINI chart. Bulls should be okay if VIX continues to fall. A little bit of hope for gold bulls, looking at our XAU, MINI chart. Gold may need to hold last weeks low. Here is a look at our GLD Fibonacci chart, and our Pro bands.
A lot of room for a selloff on Tuesday, which I think may happen. If we do get one, looking at the below OEX Astro chart. Bulls want to see the 2273 Fibonacci zone (green) holding. A close blow 2273, and bulls may have a lot of work to do. This is a fast moving market. TLT continuing to drop is helping the bull case. 360 looks to be the number on are MINI Dow chart. USO looks to be needing to stay above 71.93, to continue rallying. USO may join any market selloff that we might get. GLD is looking tired of dropping, as I suggested might happen. Gold may give us some rally, but we might need to see the XAU stay above the lower MAJ band. Here is a look at our GLD Fibonacci chart, and our Pro bands.
We are just missing the backing and filling. The Dow may be the only index showing some weakness, looking at our MINI Dow chart. Bulls may be safe above 17168.50, on the NYA DEMA. I think bulls also need to see TLT, continuing to drop. Both of our weekly cycles may be pointing down by the end of the week. There may be hope for USO bulls above 72.33. This gold Gann chart, might still be suggesting we may see a sharp drop any day in gold. Here is a look at our GLD Fibonacci chart, and our Pro bands.
Looking like we have some of the makings of a Blow-Off Top, in place. It just looks like it to me. One indicator on the below Astro chart, went on sell a few days ago as well. The Dow might be the most vulnerable, looking at some RSIs. USO, looks to be in a downtrend below the 70 level. TLT, may see downside if we loose 95.69. 2301.92, might be the number to watch on the OEX. Bears want lower below that level. The NYA holding the DEMA at 17014, might produce a market rally. A lot of numbers to follow, but the QQQ's may continue to power stocks higher. Gold may head lower, if we loose 187.18. Here is a look at our GLD Fibonacci chart, and our Pro bands.
CCI, may have peaked on the below OEX Astro chart on January 19TH. If you have a look at our weekly MAJ chart,
the OEX has been in a solid uptend since tagging the lower band. As you
see the 2200 level is a possibilty. No real change with GLD, still looking for directon. Here is a look at our GLD Fibonacci chart, and our Pro bands.
Crazy experience
going into local stores, after the snow storm we just had here. Still
freezing cold to. Stocks look like they want to keep heading up. There
might be some room for more downside for TLT, please have a look at
our weekly TLT chart. Watch TLT, if you are staying long. Our weekly
MINI VIX chart, continues to be on an upward path though. Saying below
191, on
our weekly GLD chart, may be all gold bears need. Here is a look at our GLD Fibonacci chart, and our Pro bands.
Difficult to be
bullish on the OEX, looking at our OEX weekly Gann chart.
There was a Gann line at the 2200 level, might be key support. I
have a MINI VIX chart, it may be suggesting a higher VIX. The Dow
MINI chart is diverging. GLD, is continuing to hold near our Gann line.
Thank you for your patience. It is sometimes difficult to get everything
done. Here is a look at our GLD Fibonacci chart, and our Pro bands.
All about the VIX, do stocks have the will push higher from here. The VIX is at a crossroad on a few indicators
I sometimes post. The number to watch may be 14.68 on the VIX. Above
the number stocks may continue lower. Gold still looks to be in limbo,
down may be the easiest path, staying below the Gann line. Here is a look at our GLD Fibonacci chart, and our Pro bands.
Are we going to see a rally anticipating a positive January Effect?
As I said last week, the stock market should at least pause here. Our
MINI Dow chart, and now our MINI NYA chart may both be suggesting more
selling ahead. If I am wrong we may see a strong rally with TLT. Our
MINI USO chart, may also be suggesting further selling for USO. GLD
needs to put in a strong rally, or gold tanks. Have a great New Year
everyone! Here is a look at our GLD Fibonacci chart, and our Pro bands.
