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…
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…
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.
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…
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 have re-positioned the ivory zone as we wait for the chance to take short exposure in this index.
The Silver Tracking Instrument (NYSE:SLV) has been attracting a lot of attention since gold’s recent price move to the upside. After a nice run away from our green accumulation zone…We expect to see price begin to chop sideways as the bulls muster the power they need to press price higher.
The Silver Tracking Instrument (NYSE:SLV) has been attracting a lot of attention since gold’s recent price move to the upside. Silver also is a viable tool to use as a hedge against economic disaster, inflation, etc…However, it is a bit different from gold because if its industrial usage. We have put a green box…
The S&P 500 index proxy (SPY) has rallied to test the bearish ivory zone. The first test last week provoked a two day selloff, and we expect to see this unstable bullish behavior for the next couple of weeks. We are intending to profit from this lukewarm short term bullish outlook by the long…
Micron Technology (NYSE:MU) formed a higher low in the green zone as forecasted. Now, price is coiling as bullish energy comes into the stock. We would expect to see a push up into the blue zone sometime in the next couple of days.