Sunday, July 31, 2011

August 15-20, 2011

The week of August 15-20th is the most significant 'Energy Window' for the month of August. Markets should be monitored for a important trend change in this period.




15 Aug 2011 23:17:52 Conjunction of Mercury and Venus'
16 Aug 2011 06:50:52 Max. South Latitude of the Moon, 5.0°
16 Aug 2011 12:07:47 Conjunction of Venus with the Sun, 1° 18'
16 Aug 2011 23:20:47 Conjunction of Mercury and Venus, 5° 54'
17 Aug 2011 01:04:00 Conjunction of Mercury with the Sun, 4° 36'
17 Aug 2011 03:02:42 Mercury apparently closest to Venus, 5° 54'
17 Aug 2011 08:16:33 Conjunction of Uranus with the Moon, 5.7°
18 Aug 2011 16:21:22 Moon at Apogee, 405161 km from Earth
20 Aug 2011 09:51:38 Conjunction of Jupiter with the Moon, 4.6°

Thursday, July 28, 2011

GOLD: Looking Toppy

A series of spinning tops combined with a 'hook' on the ADX and RSI in overbought suggests that Gold could be making an intermediate cycle top in this time frame. A close below 1580 on the cash would confirm a short term high is in place.
There are FAR TOO MANY BULLS IN THE ARENA CURRENTLY.

Wednesday, July 27, 2011

NASTY !!!!!

If the Transports do not stop here and continue to decline things could get QUITE NASTY in the markets.
Watch the following levels
  • VIX above; 23 on a closing basis.
  • SPX 500 cash below 1295.92



Wednesday, July 20, 2011

Decision Time for the USDX

Many consider the US$ doomed--however--perhaps it is the best of the worst fiat currencies. Gold says it all.

Friday, July 15, 2011

VIX in the Warning Zone

CBOE Volatility is once again testing the upper limits of its comfort zone. As we enter the July 16-21st Energy Date market action will be interesting...

Thursday, July 14, 2011

Sunday, July 10, 2011

Harmonic Copper

The time price harmonics are interesting for copper. Note how price met harmonic support and resistance when the time cycle was also at a harmonic 'sweet spot'.

Thursday, July 7, 2011

GOLD
Gold is looking more constructive and appears to be headed higher to test the top Bollinger Band. $1460 is the critical support. It may be an interesting time to be trading the gold volatility markets as the trend boundaries of the 2 month congestion converge. (GVZ)


Transports
Basic Market Survival Law. One does not stand in front of a speeding freight train and expect to trade another day.


S&P 500
S&P is riding the upper BB as it begins to test the previous high harmonic price level of 1360-1380. RSI is into over-bought so it appears that if the markets are headed higher a momentum thrust may occur, which will extend the over-bought condition. July 16-21st looks like it will be interesting as will August 5-8th and August 16-21st.



Nasdaq
NASDAQ is the first to follow the Transports into new high territory. Another rally may be harmonically related to rally 'a' or 'c'. The May 2nd high of 2887.75 will be tested with the 14 day RSI in VERY over-bought condition (83.89), therefore caution is warranted. There are a lot of intermediate cycle traders who exited the markets during the May-June correction--they are wanting to be 'back in' big time!!!!


Tuesday, July 5, 2011

July Energy Dates

Possible Dates for Change of Trend, Pivot or Acceleration/Panic Sell

July 4-7***
July 16-21****
Aug 5-8***

Friday, July 1, 2011

Interesting Days Ahead

EURO FX
The Euro is at an interesting juncture. Will the following few weeks be yet another failure of the USDX to mount some kind of decent rally accompanied by the Euro snapping out of the current 2 month correction? The next few days will be interesting.

Gold
While Gold has mirrored the action in equity indexes and currencies for much of the post melt-down recovery, there is possibly a divergence between the metals and the other two vehicles. Gold looks like the path of least resistance is down while equities are poised to break out and the currencies are non-committal as of yet.


Dow Transports

The Transports are flirting with all time highs--leading other indexes higher. Is the economy about to get much stronger?
The next week will be important for the Transports--and hence all equity markets. A clear break to the upside will pull markets higher while a failure--note that RSI is in over-bought--could be a catastrophic event for the markets.