For our most recent coverage on gold see Prospects for gold It is by now clear that scenario 1 is out of the way, so we can revisit scenario 2 and 3, which pointed to possible downside targets of $1080 and $1260. Since gold is now sitting just above $1260, that scenario deserves more attention… Continue reading Is this the bottom for gold?
Author: Dan
Stock trader since 1986.
Method based on proprietary indicators, seasonal patterns and moon cycles.
Emerging markets on sale
There is a saying that one should buy “blood in the streets”. But that doesn’t mean one cannot buy too early. We are seeing popular protests in places like Turkey and Brazil, and that has driven down the stocks in most emerging markets. Time to buy? Here is a chart of the EEM emerging markets… Continue reading Emerging markets on sale
Trading the Super Moon
A reader has asked about the supermoon we had over the weekend. Does it affect stocks in a certain way? A supermoon happens when a full moon occurs near its closest point to the Earth. This makes the full moon appear bigger than normal. We get one about every 14 months, and they are easy… Continue reading Trading the Super Moon
Key reversal levels for week of June 24, 2013
Our key reversal levels going into next week: Status Key (W) Mode Key (D) Nasdaq BULL S: 3238 DECLINE R: 3450 S&P 500 BULL S: 1541 DECLINE R: 1640 Nikkei BULL S: 11933 DECLINE R: 13692 FTSE 100 BEAR * R: 6384 DECLINE R: 6506 DAX BEAR * R: 8092 DECLINE R: 8241 Bonds (TLT)… Continue reading Key reversal levels for week of June 24, 2013
Sell Euro
I am getting a sell signal for the Euro/US$ (click for larger image): The 1.34 level also happened to be our upside target for the Euro. *** Meanwhile, both the Nasdaq and the S&P 500 have closed above their daily reversal key levels, putting them in rally mode again. Their daily support key levels are… Continue reading Sell Euro
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