Dow and SandP500 should make marginally new highs during the coming week as more cycles up than down with the dominant 4.5 month cycle still up. TSI has a negative bias.
GL traders
Saturday, August 6, 2016
Outlook for week of Aug 8, 2016
The past week saw some new highs. But, the market was down during first half of the week and then up as two short cycles bottomed mid week (just as I thought would happen), Basically the market was flat for the week (no impressive break out). We did get bigger moves (up and down) as I suggested would happen.
Dow and SandP500 should make marginally new highs during the coming week as more cycles up than down with the dominant 4.5 month cycle still up. TSI has a negative bias.
GL traders
Dow and SandP500 should make marginally new highs during the coming week as more cycles up than down with the dominant 4.5 month cycle still up. TSI has a negative bias.
GL traders
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nice one, thanks for the update as usual.
ReplyDeletewould u mind share a bit on WTI? apparently it has a 5-month cycle dominant, not sure if I get it right..
Jeff - i have oil at 161 cycle.I,m bullish now until around end of sept, Then we have a much larger cycle for the downturn into around midway through Dec.Please note these are just my trading ways and others could be different.
ReplyDeleteJeff - appears the dominant cycle is 5 1/2 months (bottomed this past week?) for WTI.
ReplyDeleteJohn, I assume you are talking calendar days (5 x 30 = 150 + 1/2 30 = 165 or around 161 - so about 5 1/2 months). Since there can be some variance of up to a week in longer cycles I generally do not try to specify a span in days).
yes Inlet you are right. :) ps your posts are great.
DeleteInlet and John, yes agreed on 5 1/2 months,
Deletebut John, what makes u believe a much larger cycle for downturn is coming?
High yield debt soars since 2011....
ReplyDeletegiven the treasury yield curve nowadays..
DeleteCopper September expiry is trading flat at $ 2.159. CapitalStars
ReplyDeleteHave you covered your RWM position or will hold and add later as cycles get closer to Sept? THx
ReplyDeleteSold RWM position (played short cycle) and made around 1% after fees. Will reenter RWM in about a week, tracking it on an hourly chart. Yeah, I screw around day trading sometimes (not always profitably).
DeleteIt is that SLOW ?
ReplyDeleteInlet,
ReplyDeletegood morning from chicago !!!! its rainy and floody here some areas
time permitting would you mind looking at Biotech heavy weight GILD what is wrong with this chart even after making money and strong balance sheet it is suffering while some with NO income and lots of debts are high flying ??? why such disparity
thanks
vick