SPX Trading Cycle Update
It looks like the first short term Trading Cycle out of the US Election Intermediate Cycle Low is topping here.
It looks like the first short term Trading Cycle out of the US Election Intermediate Cycle Low is topping here.
NatGas was Boiling today…. 😉
Picked up some BOIL near the open and added to some other positions.
I bought some AGQ here when Silver broke back above 16
USD Cycles:
https://surfcity.co/2016/12/16/usd-intermediate-cycle-3/
Gold Yearly Cycle:
https://surfcity.co/2016/12/18/gold-cycle-update-4/
SPX Trading Cycle:
https://surfcity.co/2016/12/17/spx-cycle-update-3/
NatGas Cycle update:
Here is an update on my Gold Bull Flag within a long term Blue Price channel.
Yowza, was that a bullish move out of the November YCL or what?
https://surfcity.co/2016/12/10/spx-cycle-update-2/
My weekend post covers both Bull and Bear Cycle scenarios for Gold and the PM Complex.
https://surfcity.co/2016/12/10/gold-bull-and-bear-scenarios/
My cycle analysis shows that Bonds (TLT) are in the process of seeking out a 3 Year Cycle Low.
Bullish move today that may have signaled a short term Trading Cycle Low on day 23.
The action out of the most recent low has been less than inspiring. From a Time and Price perspective, Gold needs to find is footing and move out of this Yearly Cycle low very soon.
On today’s vote over in Italy. I think this is another important event to watch closely.
https://surfcity.co/2016/12/04/italian-referendum/
Added: The real impact of the no vote is on the Italian Banks which are some of the most under capitalized in Europe. The yes vote was needed to continue the state sponsored bailout efforts of these banks. The no vote puts a halt to the bailouts but the market may need to absorb the systemic risk this has exposed.
http://www.businessinsider.com/italy-banks-collapse-renzi-referendum-2016-11
Interesting price developments this week, IMO.
Time for a Cup of JO? I think so… 😉
Very Bullish on NatGas longer term but I think it found a short term Trading Cycle top yesterday on day 15. Took profits on Boil yesterday near the close and picked up an initial position in KOLD this morning at the open at $28.05
YCL should be imminent.
Took profits on my Boil positions today. Find out why here:
Looks like the USD wants to test the 10dma again (@ 100.98). A close below the 10dma should start the move into its next short term TC Low.
Here you go. I took a position in SCO yesterday when Crude was backtesting the 50dma.
Here you go.
Here you go. Updates on longest to shortest cycles.
Here you go.
Watching it closely on several timescales.