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Thurs Feb 9

9 February 2012 - 12:26 pm UTC

SP500 overextended daily breaks down more.

SP500 overextended daily still breaking down.

EURSGD daily chart bullish warning.

Is taking longer than expected to sell off but SP500 / DOW extreme
overextension remains a serious concern.

USDJPY weekly chart now gives bullish warning so overdue USDJPY rally
looking better.

Obviously fluctuating European hopium vs pessimism and EURUSD / USDX
movements remain unknown variables.

NZDUSD daily chart bearish warning.
GBPUSD daily chart bearish warning.
GOLD / SILVER / SP500 bearish bias continues.
EURNZD / EURAUD daily chart bullish warning strengthens.

NZDUSD short 0.8389
XAUUSD short 1753.09

Posted in Markets, Trading | Leave a Comment »

Mon Jan 30

30 January 2012 - 9:48 am UTC

Reminder that SP500 monthly chart continues to give bearish warnings
and USDX monthly chart continues to give bullish warnings. This big
picture outlook will not change.

XAUUSD leg down starts.

EURUSD leg down commences.

SP500 daily chart continues to break down and influence from bullish USDX
weekly and monthly chart returns.

I expect Gold and Silver to follow equities as usual.

SP500 daily chart rising wedge remains valid. Also see Wile E. Coyote
chart posted Jan 20. Very overextended SP500 daily chart breaks down
further, warning of sell off. [Euro/ECB announcements being an unknown
variable of course]

EURSEK short 8.8977
XAUUSD short 1735.12
AUDEUR short 0.8083 [c 0.8032]
EURSEK long 8.9012 [c 8.9053]
GBPJPY short 121.651

Posted in Markets, Trading, Wall Street | Leave a Comment »

Fri Dec 23

23 December 2011 - 4:38 pm UTC

SP500 retracement is needed.

GBPUSD short 1.5651
NZDUSD short 0.7743 [c 0.7734]
USDPLN long 3.3931 [c 3.3885]
CADJPY long 76.235 [c 76.576]

Posted in Markets, Wall Street | Leave a Comment »

Fri Dec 9

9 December 2011 - 8:28 am UTC

SP500 daily chart triangle indicates directional move ahead

Wacking all the shorts just contributes to another crash later on.

SP500 buy support returns once again.

Choppy still bearish AUDJPY indicates bears are hanging around.

SP500 buy support returns once again, resulting in short covering spikes and
more possible.

SP500 daily chart reverts to neutral chop.

SP500 bearish daily chart and bullish USDX daily chart continues.

AUDGBP long 0.6493
AUDJPY short 78.836 [c 78.881]
AUDUSD short 1.0121 [c 1.0153]
AUDJPY short 79.795 [c 79.082]

Posted in Markets, Trading | Leave a Comment »

Thurs Nov 24

24 November 2011 - 9:18 am UTC

European action today with US closed due to holiday, reveals the
increasing global instability and conflicting market consensus. This
is yet another warning that the next crash will be severe and worse
than 2008.

Gold / Silver upside expected with the equity rally.

USD sell pressure continues and potential for equity xmas rally
strengthens.

USD sell pressure continues.
Prospect of equity xmas rally continues.

Prospect of a xmas rally returns once again.
USD sell pressure still applies and EURUSD bullish spike awaits.

USD selling continues for now (which supports stocks)

NZDUSD long 0.7405

Posted in Forecast, Markets, Trading | Leave a Comment »

Tues Nov 15

15 November 2011 - 12:30 pm UTC

NASDAQ daily chart updated megaphone pattern.

SP500 daily could thrust a bit higher this week.

SP500 etc daily chart bearish warning strengthens: an important
development.

SP500 etc daily chart bearish warning continues.

SP500 choppy daily chart now gives bearish warning.

Gold and Silver daily charts bearish warning continues and further downside
expected.

USDCHF short 0.9169
XAUUSD short 1776.50 [c 1775.61]
USDCHF short 0.9160 [c 0.9173]
NZDUSD short 0.7857 [c 0.7729]

Posted in Forecast, Investing, Markets | Leave a Comment »

Tues Nov 8

8 November 2011 - 12:14 pm UTC

This equity rally and serious overextension will eventually cause
another crash.

USD selling returns yet again which supports stocks.

After today’s spike, SP500 intra reverts to neutral/bearish.

EURAUD / GBPAUD bullish daily charts strengthen.

EURUSD: euro bulls dominate so far.

SP500 short cover rally still expected.

SP500 buy support returns yet again. Someone still wants
a xmas rally…

GBPAUD and EURAUD bullish signals strengthen.

SP500/DOW daily chart is extremely overextended again, thus ensuring
the inevitable correction should be substantial.

Despite ongoing EURUSD buy support the H/S on daily chart is still possible.

NZDUSD long 0.7981
XAUUSD short 1786.25 [c 1783.34]
USDCZK long 18.275 [c 18.234]
USDCHF short 0.8974 [c 0.8963]
USDCHF short 0.9018 [c 0.8976]
EURUSD long 1.3767 [c 1.3769]
EURAUD long 1.3291 [c 1.3293]
EURAUD short 1.3268 [c 1.3283]

Posted in Markets, Trading | Leave a Comment »

Sun Nov 6

6 November 2011 - 1:13 pm UTC

NASDAQ 8 hr chart shows extreme megaphone wedge. Patterns like
these tend to end in tears.

Posted in Economy, Markets, Trading, Wall Street | Leave a Comment »

Thurs Nov 3

3 November 2011 - 12:37 pm UTC

USDX daily chart reverts to bearish and more equity upside expected.

Somebody wants a xmas rally. Equity selling keeps getting met
with strong buying and USD selling. But USD wants to rally and
stocks want to retrace. Result is chopped up charts and a BIG
crash later.

Back to bullish USD.

EURUSD shorts may get smashed over next few days due to
substantial euro buying.

Unrelenting USD suppression and equity buying support returns.
This ensures more bad crashes lie ahead. Guaranteed.

The next SP500 crash is brewing.
More FX and equity dislocation resulting in the usual chop.
USD intra is bullish/neutral.
SP500 intra reverts to bearish/neutral.
SP500 selling returns.

USDSGD short 1.2691
GBPUSD short 1.6002 [c 1.5978]
NZDUSD short 0.7955 [c 0.7903]
EURUSD long 1.3720 [c 0.3809]
USDSEK long 6.6507 [c 6.6357]
EURAUD long 1.3354 [c 1.3340]
AUDGBP long 0.6480 [c 0.6455]

Posted in Markets, Stocks, Trading | Leave a Comment »

Wed Nov 2

2 November 2011 - 11:54 am UTC

SP500 buy support returns.
Gold fluctuating daily chart reverts to bearish/neutral.
Bullish USD dominates once again.
Gold fluctuating daily chart reverts to bullish/neutral.
SP500 intraday looking bullish still.
SP500 bearish daily chart shows possible H/S forming.
SP500 buy support returns…
SP500 bounce terminated by Europe bears.
SP500 bounce expected as oversold from yesterday.

AUDGBP long 0.6480
GBPNZD long 2.0245 [c 2.0201]
USDPLN long 3.1831 [c 3.1729]
USDNOK long 5.6512 [c 5.6602]
USDCAD short 1.0117 [c 1.0124]
XAUUSD long 1736.75 [c 1739.00]
EURUSD long 1.3744 [c 1.3791]
GBPAUD short 1.5426 [c 1.5411]

Posted in Forecast, Markets, Trading | Leave a Comment »

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