Friday, June 24, 2016

Jun 27, 2016 weekly outlook

I mentioned in a couple of prior posts to be on the look out for a "scary" sell off.  Friday should qualify.

The market may be ready to establish a bottom.  Usually more than 1 day is required to establish a bottom.  So at least the first part of next week probably (2-3 days) will be needed to do that.  See update to last week's post - Bradley Chart  has July 5 as a turning point....  Because the bottom probably will be higher than the Feb 11 bottom  I feel that Feb 11 was a bottom for the 9 month cycle  and the next bottom for that cycle will be late in November,  The next 2-3 weeks should clarify this.

GL traders

Saturday, June 18, 2016

Future outlook week of June 20, 2016

 I said last week:  "According to my cycle analysis appears next week (and week of June 20) should see a sell off.".    That describes the week, except somewhat less downside than expected.

This week should continue down as several cycles are set to bottom.  The question is how severe will the sell down be  (BRexit during the week and Fed Chair appearing before congress I believe).  Could be a scary sell off (or not) depending on events.  The technical setup calls for a sizable pull back before month's end....

GL traders

Update 06/24:

Friday, June 10, 2016

June 13, 2016 weekly outlook

I wrote last week: "During the week the 5 week cycle tops and then we should see a notable sell down"  I think that describes the action of the week just ended.....

Failed to  reach ATH (and closing high) before mid week pull back.  According to my cycle analysis appears next week (and week of June 20) should see a sell off.  Sell off could be scary if cycle bottoms align as I show....  Time will tell.

GL traders

Sunday, June 5, 2016

Weekly outlook June 6, 2016

Moves of 100-150 points on the DOW intraday, but not much change by the end of the week (loss of around 70 points).  Practically no change in the SP500 by Friday close.  As I indicated in last week's post the down cycles should suppress the 5 week cycle.

During the week the 5 week cycle tops and then we should see a notable sell down for 2+ weeks in to the end of June.  May be similar to the sell off we saw  mid-Jan  to mid-Feb.  Time will tell, but given recent economic numbers  (retail sales in autos, upscale retail stores  and payroll #s) a sell off should not surprise.

GL traders

Saturday, May 28, 2016

May 31, 2016 weekly outlook

 A strong move up off the 5 week cycle bottom in the week just past.  I would expect that upside momentum to fade in the upcoming  week.  If not then the market should be challenging the old highs and possibly setting ATHs by second week of June. 

According to my cycle analysis the longer cycles should keep the 5 week cycle  in check and the market should  fade during most of June.  If we are going to get an ATH (All Time High) I hope that the market goes ahead and makes an ATH soon.

GL traders

Thursday, May 19, 2016

May 19, 11:45 GDX buy signal

FLD crossed and interval (15 min) closed above (buy signal):

SHORT term trade - GL traders

two miners

Friday, May 13, 2016

May 16, 2016 weekly outlook

The SPX has been down 3 weeks in a row.  Surprised SPX not down more.  Was expecting market weakness, but this week not as weak as expected. 

The upcoming week should continue down this week as several cycles are synched down.... 

GL traders