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

Sunday, May 8, 2016

GDX May 09, 2016

GDX on a sell signal.  As we are using short intervals (15 minutes)  this is a short term trading call.

Silver sell "alert" (longer trade daily chart)

GL traders

Saturday, May 7, 2016

Outlook for week of May 9, 2016

The 20 week cycle should by now have strong downside momentum.  The 5 week cycle is also hard down.  Expect another down week for the week of May 9.  OLD SAYING:  "sell  in May and go away" may prove out.

GL traders

Monday, May 2, 2016

May 02, 2016 GDX sell signal

Alert on Friday as price touched FLD from above and sell signal today as price bar(s) completely below FLD.

Buy alert: reverse sell soon?

firs buy alert reversed and new buy "alert" near close today:

Buy signal as price moves completely above FLD:

Sell "alert" and reversal by close: