Friday, October 28, 2016

Weekly outlook Oct 31, 2016

Setup in place for a hard down week with FBI taking another look at Clinton Email scandal. Expect a bottom Nov 8-9?  Amazing how cycles has pointed to this possibility for months....

GL traders

Thursday, October 27, 2016

Oct 27, 2016 - Gold ready to run?

 Substantial break above 200 day MA.  See what it did last time this happened.

Friday, October 21, 2016

Oct 24, 2016 weekly outlook

The past week was flat (no downside bias as expected). 

The 5 week cycle tops mid week and then the 5, 10, 20, 40 week cycles are down.... We need to see a couple of weeks hard down if we are to get a 10% or better correction by mid November.

GL traders

$WTI Oct 21, 2015

Looks like oil is at/near a top and ready to pull back:

Good Luck

Friday, October 14, 2016

Weekly outlook Oct 17, 2016

I told you last week: "A mid cycle dip as the 5 week cycle bottoms and the 10 week cycle tops.  Possible mid week low because of this mid cycle dip. "  I believe that is a fair description of what happened during the week. 

Now we have the 5 week cycle up, but the other cycles (10 week, 20 week, 9 month)  are down.  So  the total evidence suggests a down week.   The fact that the past week's dip (SPX 2116)  was lower than the prior  dip (2119)  combined with two weeks  down suggest a change in  trend has taken place.

GL traders

Wednesday, October 12, 2016

Silver Oct 12,2016

Looks like a bottom for silver based on cycles and Fibonacci time line (89 and 34 days).  RSI down around 30 (marking a low?).

GL traders


Saturday, October 8, 2016

weekly outlook Oct 10, 2016

A mid cycle dip as the 5 week cycle bottoms and the 10 week cycle tops.  Possible mid week low because of this mid cycle dip.  The 20 week (and longer cycles) down.

Many chartists use Fibonacci numbers to try to identify CITs (change in trend).  34day Fibonacci indicates potential CIT early in November.

GL traders

Sunday, October 2, 2016

Oct 3, 2016 weekly outlook

The market refuses to go down and stay down.  Seems every time it goes down 150 DOW points it bounces 160 DOW points the next day.

I seem to be repeating myself in telling you the cycles are due to head down and bottom in 5-6 weeks.  Well the market should bottom .... 

Awww, what the heck, no need to repeat myself.  Reading cycles is not a perfect science as it requires interpretation of the data and trends (and beginning to think maybe I have it wrong, but there has always been corrections - the question is when and how much).

GL traders