201603.22
Off
5

JOY Forecast 3/22/16

  Joy Global (NYSE:JOY) failed to trade down into the green zone, and as a result never “set up”. Had we taken entry, now the bullish power has shifted to the point where we would be taking what profits we had, so perhaps we will get a second chance to enter JOY at sometime in…

201603.22
Off
7

SLV Forecast 3/22/16

  The iShares Silver Trust (NYSE:SLV) has rallied up to test the highs as we forecasted. Bullish power has fallen off sharply, and if profits are not taken at this point, we expect to see this market chop back down significantly in the weeks to come as it digests its new uptrend. To be clear,…

201603.15
Off
5

BND Forecast 3/15/16

  The Vanguard Total Bond Market ETF(NYSE:BND) is an interesting proxy to look at as we go into another critical meeting of the Federal Reserve. The trading action in this proxy shows a mild bias towards rate cutting. I expect the Fed will leave rates where they are tomorrow, while sabre rattling that a cut…

201603.15
Off
4

JOY Forecast 3/15/16

  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 our models have identified as a buy signal. We would expect price to drop down near the $15 per share level, then rally up to test…

201603.15
Off
6

OIL Forecast 3/15/16

  The proxy that follows the price of West Texas Intermediate Crude (NYSE:OIL) has shifted its power from bearish to bullish at long last. We are waiting for this counter cyclical move to take price down into the green zone…

201603.15
Off
6

SPY Forecast 3/15/16

  The S&P 500 index proxy (SPY) has rallied to trade within the bearish ivory zone we defined last week. The bullish power has grown on the daily level and for this reason we continue to wait for a chance to take short exposure in this index.

201603.08
Off
6

OIL Forecast 3/8/16

  The proxy that follows the price of West Texas Intermediate Crude (NYSE:OIL) has shifted its power from bearish to bullish at long last. While we might be sad to see this as it will lead to higher prices at the pump, it offers us a chance to make some money from the rally to…

201603.08
Off
4

JOY Forecast 3/8/16

  Joy Global (NYSE:JOY) is a company that builds and supports the heavy equipment industry in the mining sector. As you can imagine with the way on coal and with gold and silver prices quite low…business has been tough for this company. As gold moves into a bull market, and silver is close to follow…This…