Did I say the 2000 level was out of reach? Wow! They talked stocks higher. I did mention to watch the QQQ's, the 200 day was not even tested. A bull run may be in play. We need to see the 1992 level holding on the below OEX Astro chart, if we see a pullback. 187 may be a short all day long, looking at our GLD Gann chart. A major break out for GLD would change that plan. Here is a look at our GLD Fibonacci chart, and our Pro bands.
Very hard to make any stock market call. Markets like some level of certainty, we are not getting that now. Too many unknowns overseas. Our OEX trendline support chart, did play out. We are back to the upper trendline. We may see the lower ones be in play in the coming weeks. Our Mini Dow chart is confirming the move down. Our weekly USO chart, may be saying down, staying below the 80 level for USO. I would like to see the 180 level holding for further upside for gold, looking at our GLD Mini chart. The 2000 level ooks out of reach, looking at our weekly OEX Vidya chart. Watch the QQQ's, bulls do not want to see lower. Here is a look at our GLD Fibonacci chart, and our Pro bands.
What can you say about this stock market? Elon Musk keeps launching satellites into outer space. I think is a good for all of us. One day we will have affordable, fast internet access. The NYA has been leading the stock market, and it may continue to do so. The 200 day turned back the NYA. We are below the DEMA as well. The Bulls may have hope, if we could get above the OEX Vidya at 2050. So far my trendline on our Dow chart has turned back rallies as well. One OEX weekly cycle did bottom last week. I am embarrassed to post my gold Gann chart. My MINI weekly, UUP chart is suggesting to me, we may see the US dollar starting to turn back. We are knocking on a Gann line again. I think gold bulls need to see a breakout here, for further upside. Here is a look at our GLD Fibonacci chart, and our Pro bands.
Gold bulls got a gift on Friday. What a move up for gold! Wait though, gold may just have caught up to the 200 day. Our weekly, MINI UUP chart, might be suggesting further weakness for the US dollar. Gold could hang at this high level for a while, possible we could see further strength for GLD. I would not bet on it though. We do have one weekly OEX cycle bottoming this week or next week. We may see more movement with gold, because of this. Watch the NYA, it has been good to us. Staying below 15298 on the DEMA, bears may see more downside. Here is a look at our GLD Fibonacci chart, and our Pro bands.
Happy Thanksgiving to all our friends from Canada! Wow, USO has neen all over the map. Take a look at our Mini USO chart. might be very hard for the lower indicator numbers to go any lower. Loosing 168 on our GLD Gann chart, might indicate gold will go lower. I think if may hold, looking at our GLD Mini chart. 2040 on the below OEX Astro chart. Bulls might need to stay above the number to see any rally potemtial. Here is a look at our GLD Fibonacci chart, and our Pro bands.
A new month, and the stock market is still holding up. A lot of my market calls have played out. I have posted this chart, several times. Mot sure if we could still get to trendline support. Might be as close as we may get. This UUP chart, is no longer looking bullish. Might now lend support to GLD. I think a big part, if we stocks continuing to pullback. Looks to be this NYA chart. If we could get above the 200 day again, and the DEMA indicator as well. Might be all stocks need. I feel like we have Travis Jordan back with our MINI charts. He was one of the best traders we had on this site. GLD might need to test trendline support at 170.77, before possibly resuming higher. Here is a look at our GLD Fibonacci chart, and our Pro bands.
Some days you get it almost perfect. Still very hard for those who trade options, as you have time decay to deal with. Writing them may be a better bet. Everything almost tanked last week. Our OEX Astro chart, I think is priceless. We are well below the green Fibonacci zone. The QQQ's may give pause to the bears this week. The NYA is testing the 200 day. Do I view any possible pullback this week as a buying opportunity? That may well be the case. Watch out if the 200 day does not hold on our NYA chart. Further add to the mix. If we see UUP falling, and gold rallying. Here is a look at our GLD Fibonacci chart, and our Pro bands.
We got the rally on Monday to save the bulls. Our MINI charts I think are sometimes helpful in giving us direction for the week. This week I think we just have to look to the below OEX Astro chart. Bulls may be safe above the green Fibonacci zone (2092). 15960 looks to be the DEMA number on the NYA. Above the number might be good for the bulls as well. I do not think we can take away the possibility of a small correction, if we do not see the weekly, VIDYA holding on the OEX. GLD, may need to move above 180 to see any rally. Here is a look at our GLD Fibonacci chart, and our Pro bands.
Our USO chart is no longer looking bullish too me. We might see the price of oil ease some, along with the stock market. Bulls may need to see a good stock market rally on Monday. Down might be the easiest path looking at our NYA chart. We are below the DEMA indicator on the NYA, (15949). Our Mini GLD chart is suggesting to me lower as well for gold this week Here is a look at our GLD Fibonacci chart, and our Pro bands.
End of the summer driving season, and our USO chart is looking bullish. May be something to think about, or it may be nothing. One of our gold Gann charts got interesting. GLD, might only be bullish above 180, otherwise it my be down from here. One can not make his up, but check out the support number on our weekly Dow chart. The most important number may be16035 on this weekly NYA chart. Lower may be in the cards, unless we get above the number. Here is a look at our GLD Fibonacci chart, and our Pro bands.
Looks
like no more Ford Fiesta here, they look to be coming out with the all
electric, Puma. I drive a KIA Forte to work, as it is great on gas.
What to make of the current stock market action? I am not really sure.
If the NYA is able to stay above the DEMA
indicator at 15747. there my be hope for the bull camp. Another number
to watch night be 360, on the weekly QQQ chart. Bulls may be safe above the 13 week, Eder Ray average. Gold, loosing yesterday's low could leat to a lower price for gold. Here is a look at our GLD Fibonacci chart, and our Pro bands.
Not looking great for the be bulls. I gave good numbers last week. We could not get back above 350 on our Mini Dow chart.
The NYA also stayed below
16153 on the DEMA indicator. Staying below15919 on the DEMA might favor
the bears. Worst case scenario, we might be going to test trendline
support again. Gold needs to rally here, or we might be testing the 200
week average soon. Here is a look at our GLD Fibonacci chart, and our Pro bands.
Well, the stock market has not fallen apart with that rating downgrade. Our VIX chart, may be giving hope to the bull camp as well. Holding 350 on our Mini Dow chart,
might be enough to put the lower indicators back on a buy. The NYA,
getting back above 16153 on DEMA may confirm an up move. Looking at our
OEX Vidya chart, we are seeing the Demarker indicator at a low level.
It may take getting above 180, to put the lower indicators back on a buy
for GLD. We just below one line on our for GLD Gann chart. Here is a look at our GLD Fibonacci chart, and our Pro bands.
