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JOY Forecast 3/29/16

Joy Global (NYSE:JOY) is a company that builds and supports the heavy equipment industry in the mining sector. The stock is now undergoing a counter cyclical re-tracement which we have been stalking for a buy signal. With the odds as they are now, we would expect price to drop down near the $14 per share…

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OIL Forecast 3/29/16

  The proxy that follows the price of West Texas Intermediate Crude (NYSE:OIL) failed to meet our price objectives and has pulled back as we were expecting. If you were watching intra-day, it gave some clear exit signals, but for those watching on a once a week level, we have amended the green and blue…

201603.29
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SPY Forecast 3/29/16

  The S&P 500 index proxy (SPY) continues to trade within the bearish ivory zone. The bullish power we discussed last week pushed prices higher as forecast, and now we are nearing the levels where a sustainable top can form. We will on the sidelines for this index until that bullish energy can dissipate and…