oil diamond reversal on weekly

sc

any back test should be shorted

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Matrix – nice correlation

sc

any silver bulls?

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EAGLE’S IBB CHART

here is another angle to what may be happening. The jury is still in deliberation. meantime we watch and wait for the canary to wobble on its perch.

from a distance…the big picture:

SC1

close up and personal:

sc

5 hits on the bottom blue rail, so its hot. me thinks the next hit may break it down. that would be the canary telling us the SM may have topped, and that biotech diamond reversal is in play.

 

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IBB WEEKLY LOOKS TO BE TOPPING…BEAR WEDGE

IBB

Biotech is a leader…

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WTIC to 23?

WTIC to 23

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the next deflationary wave down about to start?

i have been spending this quiet long weekend ignoring any news and just going through some charts. the theme is deflation and the spiral down into a new leg. Rambus has his PM sector targets which corroborate the facts here. below is a chart of BHP Billiton, the worlds largest mining house. It mines iron ore, copper, gold, coal and pumps oil and gas. What is the chart saying? Does it look like a bottom? If this is a bottom here, please explain why, so that I can reset my brain.

sc

I read an article a few weeks ago from the Chief Investment guy at Saxo bank, who is highly regarded, and he was calling for much higher energy and metals prices over the next 6 months. However, I just cannot see it in this chart. Maybe Saxo is looking for counter parties to sell into. This is one of the problems with all these investment houses and analysts…they just cannot be trusted. GS is a prime example. The chart is the truth of the matter.

The target is shown. Timing unknown. But its getting ready to go over the edge pretty soon. I would not want to be long anything to do with the metals, the miners or the energy sector right now, because this chart says…”short me”

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Gary et al

Here is the LT Platinum:Gold Ratio…which I believe is very important

It drops when the economy drops and it Rises when the economy rises

I would watch this ratio rather than palladium

IF this pans out the Palladium:Gold Pattern Wont !

PLATGOLD

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Palladium / Gold Ratio

Was checking out the Palladium to gold ratio coming out of the 2000ish spike high. Is that an inverse H&S and if so is it not about time for it this to blast off? I dont think its going to be an economic boom that makes this happen. Rather the gold crash. Just stumbled on this as possible supporting info of a coming gold crash. A doozy apparently. Or am I totally lost?

I cant get the chart to show…

 

[IMG]http://i59.tinypic.com/2dbuoa9.jpg[/IMG]

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Three Peaks and a Domed House…

three peaks and a domed

This has been mentioned here on a few occassions…Believe grin brought this to our attention.

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SPX UPDATE…

SPX DAILY

SPX 120 and 150 moving average provided support the past several months; recently, the 200 moving average provided support AND NOW THE 120 is providing RESISTANCE. What was support is now resistance…IMHO this market is rolling over…Also, note the last daily candle was a bearish doji right under the 120 MA…

SPXU-Inverse x3 SPX ETF

spxu
Note the 13/34 MA cross confirmation…Thus, the trend is now BEARISH for the SPX
For those who can watch the monitor may I suggest UVXY…The VIX has hit a bottom IMHO.
http://stockcharts.com/h-sc/ui?s=SPXU&p=D&yr=0&mn=6&dy=0&id=p62039465164&listNum=1&a=414781426

I am going to be in Montana flyfishing for the next 3 weeks. As a “tradeaholic” only one addiction is stronger–flyfishing. Thus, I will be away from the monitor. Good luck guys and gals! As always the “best action” always occurs when I am away from the computer.

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SCO trade

 

sc

remember: this is a weekly chart, not  5 minute chart!

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Lest We Forget

Technical Analysis

Where it all Started

Make sure to read the reviews !

60 years old and still a classic

Long before computer power .

These guys were good !

Amazing !

http://www.amazon.com/Technical-Analysis-Trends-Robert-Edwards/dp/0814408648

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WTIC with 13/34 Bear Cross Today…

wtic

NEXT LEVEL OF SUPPORT…

wtic

http://stockcharts.com/h-sc/ui?s=%24WTIC&p=D&yr=0&mn=9&dy=0&id=p55801536843&listNum=1&a=406385776

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GDM phantom print

to 250 on stockcharts?

error or true phantom print?

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HUH?? Re Gold Down Today

I see gold down $6.50 but four of my five miners are up today. I held on to small amounts of these 5 from years ago. So I can see the action. SAND, AGI, CDE, AG, and NSU.

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The HUI is at a key battleground area – we must hold the 11/2014 and the 2008 lows here

The PM sector looks dismal.

The key battleground area is the horizontal support area at HUI 150 – a weekly close below HUI 146 argues for another leg down in the PM bear market – we should know by Monday.

Trader Jack

To follow the waves and turn windows of the SPX and gold, check out my blog at:

http://allstarmarkettiming.typepad.com/my_weblog

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ONE YEAR GOLD CHART

@Chart pros:
Could this be a triple bottom formation here?

http://schrts.co/dG5Yri

Dopey/Dollar chart below here, I see lower highs since early march. I think its on it way back to $4.40 a gallon for gasoline.

http://schrts.co/d7RZG3

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GDX

GDX

http://stockcharts.com/h-sc/ui?s=GDX&p=D&yr=1&mn=0&dy=0&id=p45332642571&listNum=1&a=406117461

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Spock for 2 July

SPOCK TRADE POSITION FOR 2 JULY 15

Today: 1. Buying SCO (X2 short crude oil) 2. Buying UUP (long USD)

TMF: Bonds looking fragile. But staying long and in the trade until stopped out by the PSAR, which is close to price.
Other active trades in the green. So leaving them alone to let the profits run. “The hardest thing is the sitting”. Jesse Livermore. Below is crude oil. The orange channel seems to be now in control.

sc

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Dollar Update

With the move higher today, we can consider (ii) to have finished and we’re now moving higher in 5 waves to complete wave (iii) of 3. (Note that I’m just guessing where iii and iv will end up).  EWO reached a new high with price so we are assured that there will be at least one more high to come!!

0701_DollarEOD

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DWTI 60…

Indicators in overbought territory and negative divergence on CCI…
See this the same as Tim…A new upward channel for DWTI
Trend line compliments timing of indicators; unlike two days ago…

dwti

http://stockcharts.com/h-sc/ui?s=DWTI&p=60&yr=0&mn=2&dy=0&id=p53004287112&listNum=1&a=412213136

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Rick on Bonds

0701_Rick

T-Bonds’ nearly relentless weakness must be viewed in the context of a long-term chart to see that it is merely corrective rather than impulsive. Which is to say, it’s not a bear market that has been unfolding over the last few months, but rather a normal-looking retracement of a very powerful — and still-promising — bull market. In fact, the selloff has yet to retrace even half of the steep ascent that occurred between December 2013 and March 2015.  That would imply more downside to around 147^01, just beneath the recent low. A 0.618 retracement would require 142^20 — quite a ways from here, although hardly inconceivable. I doubt that the violent upward spasm that accompanied Monday’s news concerning Greece has ended the correction.  Accordingly, we might expect more downside to at least 144^25, the p2 Hidden Pivot support of a pattern visible in the daily chart, where A= 157^12 on May 29.

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DWTI 60 channel

DWTI 60 July 1

I drew this channel yesterday just before DWTI broke down through it.  But it looks like today’s price movement jumped back into it.  The blue 325 MA line is equivalent (I think) to the daily chart’s 50 MA since there are 6.5 hours in a DWTI trading day; 50 x 6.5  = 325 bars on an hourly chart.

I like it how inverse funds are so upbeat on down days.  The sun is always shining somewhere…

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POLL–Tomorrow a gap and go day for DUST?

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DUST

dust

Back test of $19.41 before going higher?

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Dollar Update

Wave (i) completed just shy of the Fib Projection. ‘a’ down is complete and we’re working on ‘b’ up right now. ‘c’ down should end around the 100% retrace but would be satisfied by the 62% retrace… Then up in 5 waves to complete Wave (iii). The Wave (iii) projection might be high at 26.38… Just trade the indicators. Note that the EWO has reached a new high… That means we have at least one more high to come. It all fits!!!!

0701_Dollar

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Trader Dan : Silver to the Moon

http://www.investing.com/analysis/silver-tunnel-vision-%e2%80%9cexperts%e2%80%9d-256804?preview_fp_admin_1234=this_is_1234

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For all the JDST Bulls out there

Not quite sharing the love at least in the near-term…. of course there are extensions and I’m making conservative assumptions (38% retrace on wave (iv)) because I’m just not seeing the kind of price action I expected…

First GDX 2HR. I would see Wave (iv) completing sometime in October (Armstrong ECM??) and the final wave down completing Jan-Feb 2016

0630_GDX_EOD

JDST 2HR….

0630_JDST_EOD

Here’s a fractal (and there’s probably even better years to look at!!!):

0630_Fractal

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21st Century Monthly Charts as at 2015.5 :

Euro
euro

Gold

gold-1

Dollar

DOLLAR

HUI (OMFG)

hui

I used to believe Gold Stocks were a Buy and Hold…until I hooked up with Rambus and Trader Dan

There but for the grace .

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SentimentTrader

0630_Sentimental

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