Trade Setups…

I’ve decided to hold on for another day or two on all my positions other than the precious metals stocks, to see what happens early next week. Please do what feelsĀ  right for you. Maybe this is the top everyone…

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GDM Update…

Sometimes a chart pattern won’t show itself until the last minute before it’s complete. Below is a daily chart for the GDM which is showing an almost completed strongly slanted H&S consolidation pattern that has formed on top of the…

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SPX Update…

Today the SPX is getting a good test of the 21 month moving average. The 21 month moving average comes in at 2043.41. The low today has been 2045.96. There are still four more days to trade before the monthly…

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SLV Update…

Today’s rally has taken SLV back up to neckline #2 which is still offering some resistance. Again, we know that neckline #2 is still hot by the way the price action touched it this morning and is pulling back. This…

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GLD Update…

GLD is currently testing the top rail of its blue expanding flat bottom triangle completing the sixth reversal point. This consolidation pattern, that has been forming on the top rail of the seven point bullish falling wedge, is now in its fifth month. Once the price action can break the gravitational pull from that big three year falling wedge the next impulse move higher should begin in earnest.

gld 222

PM Complex Update…

Below is the combo chart for the HUI, GLD and SLV which shows the inverse H&S bottoms. It looks like GLD is leading the way as it’s breaking above its neckline today which is also making a higher high. This…

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HUI Update…

This morning the HUI completed its fourth reversal point in its possible bullish rising wedge. As you can see that top rail is hot as the HUI is backing off. Support should come in at the bottom of the rising…

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$COMPQ History Chart…

Below is a 40 year chart for the $COMPQ I built many years ago which shows all the important events the stocks markets had to deal with through the years. It’s pretty self explanatory and puts things in perspective. What…

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XLE Update…

The weekly chart for the XLE shows it to is building out a possible bullish rising wedge as the backtest to the top rail of its downtrend channel and neckline….

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