Monday, February 27, 2017

gold/silver outlook Mar 2017

Gold/silver index: (2 week correction, - in to 2nd week of correction - then up 2nd/3rd weeks of March)

GL gold bugs

Friday, February 24, 2017

Weekly outlook for Feb 27, 2017

As expected the four trading days in the prior week rose (slight upside bias), but less than 1% for most indexes.

TSI is showing a negative cross.  The 4.5 month cycle and 10 week cycles are into what should be a stronger down part of those 2 cycles.  The 5 week cycle is topping and should be down by mid week.  The nine month is still up, but should be losing upside momentum as it seeks its top.

So it appears any upside will be limited and possibly we see a slight downside bias by week's end.

GL traders

Sunday, February 19, 2017

Weekly outlook for Feb 21, 2017

9 month cycle:  2-3 weeks up to top  in early March.  5 week cycle:  up. 10 week cycle:  topping and turning down by end of week.  Market continues slow ascent for next 4 trading days (upside bias).

TSI has reached a level at which a correction is possible in the near future (early March?)

GL traders

Sunday, February 12, 2017

Outlook Feb 13, 2017

Shorter cycles - some up/some down and  probably offset.

but when we look at some longer cycles we see one at a top (Feb 10 a longer term high?) and another topping in March (could see a market give up 20% to give us a bear?).  We will know by May/June.

GL traders.

Sunday, February 5, 2017

Feb 6, 2017 weekly outlook

I said last week " Expect sideways action with possible small/moderate gains for the week".  SnP 500 was up about 7 points and DOW industrials down slightly - so not a bad call as "sideways is what we got for the week.  There was some volatility that could be traded during the week with a spike down during the wee.

I saw a couple of market predictors calling for a high Feb 10.  The 5 week and 20 week cycles are down.  The 10 week cycle is nearing a top (top end of week?).  This probably gives us a sideways week with a downward bias for the week.

GL traders