5 week cycled topped (turned down),. Ditto for 10 week cycle. first half of August may be down hill. (XAU added as update)
Good luck traders
GOLD:
Cycles are a tool and should not be used to the exclusion of other tools. There is always the possibility (high probability long term) that the data will be misinterpreted or a relevant fact over looked. So use cycles to check your analysis, not as the only reason to make a decision. Interpretation is the opinion of the author and may be incorrect and should be viewed in that light.
Tuesday, July 30, 2019
Saturday, July 20, 2019
outlook week of July 21, 2019
10 week cycle topped as 5 week cycle bottomed and turned up (along with uptrend for 20 week cycle). 2 cycles up (mo up should win next 2-5 days).
Good luck
Sunday, July 7, 2019
Saturday, June 29, 2019
Thursday, June 20, 2019
June 21 outlook
Lack of pullback after FOMC indicates market is not ready for pullback yet. Sometimes you get the BEAR - sometimes the bear gets you.
Good luck
Good luck
Sunday, June 16, 2019
June 18, 2019 weekly outlook
Early week up. FED meeting could reverse market by mid week. Chart confirms this - see for yourself:
GL traders
GL traders
Saturday, June 1, 2019
June 3, weekly outlook
The 40 week cycle has turned down. The 20 week cycle is UP... The 10 week cycle is TOPPING, as the 5 week cycle BOTTOMS. (10 week mid cycle dip may be enough to trade and it may not be enough to trade. Be careful.)
Given this interaction of cycles we have seen about 6-7 % pull back in the SnP 500. This should be enough to warrant s bounce next week as the 10 week cycle turns down along with the 40 week being down.
GL traders
Given this interaction of cycles we have seen about 6-7 % pull back in the SnP 500. This should be enough to warrant s bounce next week as the 10 week cycle turns down along with the 40 week being down.
GL traders
Sunday, May 26, 2019
May 27, 2019 outlook
The 40 week (9 month) cycle has topped and turned down, but lacks downside momentum. The 20 week, 10 week, and 5 week cycles have bottomed and turned up. Therefore I would expect sideways to slightly up/down as the cycles play against each other near term until the 40 week cycle gains more downside pressure.
See for yourself:
GL Traders
See for yourself:
GL Traders
Saturday, May 18, 2019
Weekly outlook May 20, 2019
Dow Jones Industrial Average showed a mid cycle (40 weeks cycle) dip. I had projected May 15 as a dip bottom. Appears bottom was May 13....
With the ups and downs as the 40 week cycle topped hard to not lose money, My only gains were some CDs paying interest and some dividends. Stock gains were mainly missing.
As stocks gain downside momentum looks like "sell in May and go away " may be good advice. I have $150k in CDs and bonds (bond funds). Also about $200k in an IRA annuity. Only about $20k in equities. May trade a little around the edges June to August.
GL traders
With the ups and downs as the 40 week cycle topped hard to not lose money, My only gains were some CDs paying interest and some dividends. Stock gains were mainly missing.
As stocks gain downside momentum looks like "sell in May and go away " may be good advice. I have $150k in CDs and bonds (bond funds). Also about $200k in an IRA annuity. Only about $20k in equities. May trade a little around the edges June to August.
GL traders
Wednesday, May 8, 2019
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