Everyone in the
world was handed another brick towards a perceived "Wall of Worry"
last week. The US provides a lot to the world.
Our NYA chart got it
right last week, along with our Mini Dow chart.
All may be good for the bulls though, if we test 2075 and the number
holds on this weekly OEX chart. If we have established a down move for
the OEX, we should see the Green Fibonacci zone turning back
rallies. Please see the below Astro chart. This Mini GLD chart, has
a slight upwards bias. Looking at our USO Mini chart, I am seeing a
light downwards one. Here is a look at our GLD Fibonacci chart, and our Pro bands.
Looking at are
OEX weekly cycles, we have one that has turned down. may be suggesting the this Dow run might be
coming to a pause. Look to the NYA, if we stay below 16336 might be
confirmation. If the QQQ's continue higher, the bulls may stay in
behind the wheel. Gold, may still be favoring the bulls looking at our
gold Gann chart. Here is a look at our GLD Fibonacci chart, and our Pro bands
I stated we were
close to recent highs on our weekly QQQ chart. The stock market slowed
down a little. The Demarker indicator on the OEX weekly chart may be
suggesting at least a pause here, if not a stock market peak.
A look at the OEX monthly SEB bands, may suggest the peak story. All may
be well for the bulls as long as 34000 keeps holding on this weekly Dow
chart. Gold is still holding up on our daily Gann gold chart, higher may
be the outcome looking at RSI. Here is a look at our GLD Fibonacci chart, and our Pro bands
My bullish scenario played out despite the US dollar falling further. The Dow may
still catch up to the other indices. holding the 3400 level, might be
key to beginning another leg up for the Dow. I am sorry I just found out
that page was not restored. The QQQ's are getting close to previous
highs looking at our weekly QQQ chart. We might see stocks pause near the
highs, if reached this week. GLD, looks to be about the 180 level.
Holding that level on this GLD Vidya chart, gold may go higher. I updated our gold Gann chart.Here is a look at our GLD Fibonacci chart, and our Pro bands
We may be back to the US dollar story. The move down on Friday, might be
hinting we could see some kind of pullback for stocks. The Dow might be
the most vulnerable to a pullback. Please have a look at this weekly
Dow chart as well. TRIX is at the zero line, bulls want to see a rally
from here. The OEX is 50 points above the 2000 level. Holding above 2036
on our weekly OEX chart, keeps a bullish scenario in play. A pullback
could get worse though looking at our TRIX weekly chart. This may be
about as bullish as one could get for gold. I have hinted our volume
indicators may be setting up a base for a possible rally. We are still
oversold on our GLD Fibonacci chart.Here is a look at our GLD Fibonacci chart, and our Pro bands
Traveling
at light speed! Still looking for one site that I know is backed up
some where. Almost caught up, thank you for you for being patient. The
Dow
may have none above my trendline, which is where we are again. This NYA
chart might be suggesting the move may be already over, if the
Oscillator is any indication. What the QQQ's do this week, might be an
indication of the stock market will do this week. There looks to be a
Bradley this Monday. Upside might be very limited looking at our Moving
Average monthly chart, where the upper SEB resides. (close to 2130)
Gold,
what can you say? Down might be the easiest path. I would want to see
the upper trendline holding around 170, if that is the case short term. Might be challenge for gold getting above 180, on our GLD weekly chart. Here is a look at our GLDFibonacci chart, and ourPro bands.
My apologies traders, I thought the yearly fee I was paying to back up all
our sites covered me. I just found out I need to pay extra to fully
restore our sites. My credit cards are fully racked up right now. As
soon as I am able, I hope to get all sites fixed. We run on several
servers.
The
Dow was not able to hold the upper trendline, and we saw the result. We
also may have peaked on the OEX weekly chart I posted. This weekly OEX
chart, may be suggesting the uptrend may still be intact as long as the
2000 level holds on the OEX. We may just keep dropping though this week,
looking at his Dow Mini chart. GLD did not hold 180, 170 might be the
next target if we gold keeps falling. Here is a look at our GLDFibonacci chart, and ourPro bands.
I
am hoping everything will be back to normal soon, sorry I was not able
to update some charts this week, it could not be helped. The QQQ's still look to be leadership for the stock market, but wait. GBTC,
may have just surprised a few traders to he upside. I had mentioned the
14 level holding a few times. We had just dipped below that level, new
market leadership. I think that is bullish. The Dow holding above, the upper trendline may be as well. One negative for the OEX might be this weekly OEX chart,
we may have peaked on the lower Demarker indicator. Gold looks to be
getting tired, you may have heard that saying. "never short a dull
market" I think this applies to gold right now. 180, looks to be support, above 182 gold may go higher. Here is a look at our GLDFibonacci chart, and ourPro bands.
It
is with a heavy heart, that I writing this blog tonight. My father
helped a lot to keep this company going. I just found out my father's
probate was sitting in a lawyer's office for four months. it was due to
be completed around this time. God bless you dad. I have been off work
for two weeks. I hope to go back this week. If I am able to keep our
sites, running great! Thank you for understanding.
Back
at the 2000 level on our weekly OEX Gann chart. I think we need to stay
above the 200 level to see further upside. Bulls do not want to see MAJ,
breaking below the upper band. Might be more sideways though, with our
continued low interest rates. This weekly QQQ chart, may be suggesting a
rest for the bull camp. Our GLD volume chart may have built a base for further upside. Here is a look at our GLDFibonacci chart, and ourPro bands.
So
far my suggested scenario has played out with the US dollar. We
did see gold pulling back. How, and if we get above the 200 day may
have a bearing on stocks this week. I have one OEX weekly cycle,
bottoming this week or next. The Nasdaq may be in trend mode as well.
The Dow may have a lot of work ahead to get above my trendline. GBTC
may be bullish for stocks, if we see the 14 level holding. Our gold
Gann line finally broke. I would be bearish on gold, if we see the 186
level turning back rallies.Here is a look at our GLDFibonacci chart, and ourPro bands.
Never
seen anything like what just happened here. We just had very cold
weather last week. We are now having extreme heat. The stock market is
setup for a possible extreme move up as well The US dollar
may be coming back to life, as I have neen mentioning. Gold coming
down is one benefit of a strong dollar. Bears should awlays keep
in mind Europe
as well. What if a peacful outcome happens? I think we could
easrily see a 1000 point up move in the Dow. Look for the 13 week Elder
Ray to keep holding for the QQQ's. 186, may mow be a must hold leve for GLD. Here is a look at our GLDFibonacci chart, and ourPro bands.
Not a lot of stock market action. The US dollar looks to be flat, maybe with a slow upward move. The QQQ's are also helping to keep stocks stable. The number to watch on the QQQ's might be 308, if tested. That is where the weekly Elder Ray
resides. Bulls need to see the OEX staying above the green Fibonacci
zone at 1893.33. We look to be staying in the same trading range with
the Dow. We may
conitinue to see the same trenline turning back rallies for a while.
The world is waiting on the events, in Europe to stop. We could see a dramatic move in gold, if that happens as well. 184 is our Gann line support. Here is a look at our GLDFibonacci chart, and ourPro bands.
Looking
to start a new trading month, there looks to be a solid floor with
stocks. We are still in an ultra-low interest rate inviroment. What may
continue to push stocks higher, with the US dollar starting a possible rally soon.The QQQ's as I suspected also kept a solid floor for stocks. We may finally see gold tumble this week, breaking my Gann line that has kept the bears in check. It may all depend on what the US dollar does.Here is a look at our GLDFibonacci chart, and ourPro bands.
Modified McClellan We finally have MAJ on a sell with the OEX. It may not matter much though, as the QQQ's may help keep stocks at a high level. MAJ on the Nasdaq, is on a sell as well. We are just below the DEMA on our NYA chart. All up to the QQQ's i think though. Gold bears may have something to cheer about, with GLD below the 13 day Elder Ray average. GLD is still on our Gann line. holding around the 184 level. Here is a look at our GLDFibonacci chart, and ourPro bands.
It might be all all about the 34300 level on the Dow,
if we could get above the level this week. I do not think what may
happen though. That would suggest a new trading range, but it does not
look like ourModified McClellan chart supports that possibilty. Our NYA chart, needs the DEMA averge, holding around the 15500 level. May be a must hold to keep MAJ in trend mode. I would not look for any stellar stock gains this week. GLD may promise more volatilty, if we do not see our Gann line holding around the 184.44 level. We did break the 13 day ER average on our daily gold chart.Here is a look at our GLDFibonacci chart, and ourPro bands.
This
weekly GLD chart, might offer the best perspective for gold traders. Looking at our gold Gann chart, suggests to me 184 might be a must hold level for gold bulls. Watch for a US dollar rally, to possibly help mitigate possible stock market pullback. It might get worse, if we see the QQQ's pulling back as well. Our lower volume indicators are near or at the top of recent ranges, on our MINI Dow chart. The Nasdaq
is not looking bullish either. We need to see stock market
strength early next week, to help keep the bears in check. We are also
at the top on our, OEX trendline support chart.Please look at our OEXVidya chart, it may still be suggesting a possible pullback to.Here is a look at our GLDFibonacci chart, and ourPro bands.
I gave traders some good numbers last week, the stock market reacted to the possibilty they may drop some rates from here. Our TRIX chart went wild. The one chart that may suggest a pause soon may be our OEX Vidya chart. Please look at the Demarker indicator. Otherwise it may be trend mode, if we see further strength with the OEX. Above 1889, would be a major breakout for the OEX on this OEX Gann chart. (It does not always scale correctly). Look for 1830 as possible support on this OEX monthly chart, if we a strong pullback. Not a lot of change with GLD, still hanging on to our Gann line. Here is a look at our GLDFibonacci chart, and ourPro bands.
We look to be consolidating at our gold Gann line. Gold might take a good size tumble, if we loose 182 on GLD. We are still at the bottom of the recent range on our Dow Max chart.One OEX weekly cycle bottomed last week. The other is falling. Below 1742 on our monthly T3 indicator, keeps bears in control. Bulls want to see the NYA, getting back above 14733 on the DEMA indicator. Here is a look at our GLDFibonacci chart, and ourPro bands.
Was
a struggle for me to keep all of our sites updated the last few weeks.
I hope I am back to a normal schedule, if you can call it that, lol. We
are just above our gold Gann line. We might
consolidate here. It might be a lot of work to move higher from here,
unless they continue to raise rates. I think they stopped in Canada. If
gold continues a bull run, we should around the 182 level holding on
our gold monthly chart. Stocks might stabilize this week, as one weekly OEX cycle looks to bottom next week. Look for the QQQ's to head higher. We are at the bottom of the range on our Dow Max chart.Here is a look at our GLDFibonacci chart, and ourPro bands.
The
SVB news, was not taken well by the stock market. I did mention one
weekly OEX cycle bottoms this week or next. Looking like it may be next
week. I do not show the chart sometimes, for obvious reasons. We are
just below the 200 week on the QQQ's. Gold shot up in kind with the news. Volume indicators might be suggesting that was it for the move. Please look at this GLD chart. The US dollar also broke down on the news. 181, might be a possible peak. We may have already peaked, if we are not tagging the upper weekly T3,indicator. The XAU was exhibiting about the same on the XAU charts.Here is a look at our GLDFibonacci chart, and ourPro bands.
Time seems to go by faster as you get holder, almost a 1/4 of the year is gone already. So far my suggestion with our QQQ weekly chart
has held up. It may take years for my EV put on oil to play out,
but China should benefit as well. Bulls may add to this run, but we may
have more sideways this week. The US dollar, might pause here looking
at our US dollar
chart. If the US dollar has a massive breakout, we could see the same
with stocks. Would be good to see one OEX, weekly cycle bottom this
week or next. We are still very much in a trading range with the Dow
looking at ourModified McClellan chart. The 1800 number is the one to watch on the OEX. we seem to be staying at the number. I think gold is priced a lot to oil right now. We are just barely holding trendline support. Here is a look at our GLDFibonacci chart.and ourPro bands.
Makes me wonder about what we were told in high school about oil and dinosaurs. Saturn's orange moon Titan,
has bigger oil reserves than earth. Mars, apparently has a lot to. Oil
pipelines in the future may be flying ones. I am talking about oil,
because of the massive EV put, on oil. Our love of cars is driving the
price of oil down. I see so many EVs and hybrids driving to work. This
EV revolution is going to make for more waves, in the coming
years. Stocks may continue to be risky a while,waiting for
our weekly cycles to bottom. I could give you some good numbers to
watch like last week. I think around 285 on our QQQ weekly chart is the best one. Below it. we may continue to head lower. Also like the trendline you see on our OEX weekly chart. May be hope for the bulls, if it holds.Here is a look at our GLDFibonacci chart.and ourPro bands.
