201508.04
Off
0

GLD Forecast 8/4/2015

The Gold ETF (GLD) Is a unique but important market instrument. While we do not recommend trading gold for cash flow or wealth generation, it can act as an important hedge for inflation or systemic risk. We feel that gold is moving down towards an important inflection point which has a high probability to produce…

201508.04
Off
0

WMT Forecast 8/4/2015

WallMart (NYSE:WMT) has confirmed its bottom by forming a hybrid double bottom/head and shoulders reversal pattern on its daily chart. Our forecast is for this stock to rally up to test the highs of its recent range near $74.50 per share. Once that initial target has been tested, we will take new power measurements and…

201508.04
Off
0

SPY Forecast 8/4/2015

The S&P 500 index proxy (SPY) Is building bearish power for a sustain breakdown. Because we are in the center of a range, without clear power readings in the smaller time frames, it is imprudent from an odds making perspective to take a short position at this time. However, if price reaches back up into…

201508.04
Off
0

JPM Forecast 8/4/2015

JP Morgan Chase (JPM) has followed through on our forecast brilliantly as a lower high has formed on the daily chart. This should cause great consternation among the bulls, and helped turn the trend officially back to the bear side. (As a lower high which is just formed is confirmed by a lower level as…

201508.04
Off
0

EUR/USD Forecast 8/4/2015

(EUR/USD) has headed lower to create an inverse head and shoulders reversal pattern as described in the previous forecast. The reversal which would confirm the final shoulder and trigger bullish interest should be forthcoming this week…

201508.04
Off
0

Goldman Sachs Forecast 8/4/2015

Goldman Sachs (NYSE:GS) gave a number of opportunities to interact with the stock on the short side within the red zone. Bearish power continues to increase, and our forecast indicates that the blue zone should be reached by the end of next week.

201507.28
Off
0

Goldman Sachs Forecast 7/28/2015

Goldman Sachs (NYSE:GS) has been strongly bullish for the better part of a year. After showing signs of a blow off top near the $220 per share area, this market has confirmed a reversal by forming a lower high. Bearish power is growing and we forecast that this stock will test down to the $200…

201507.28
Off
0

EUR/USD Forecast 7/28/2015

The Eurodollar vs. The U.S. Dollar (EUR/USD) has followed through on our last forecast perfectly…Now we would expect to see this market reverse and head lower to create an inverse head and shoulders reversal pattern.

201507.28
Off
0

JPM Forecast 7/28/2015

JP Morgan Chase (JPM) has exhausted itself to the upside, and is poised to set up a shorting opportunity. Conservative traders should be watching for the formation of a lower high or “shoulder” that forms the late this week or next.