Gold, as expressed through its ETF GLD, (NYSE:GLD) has reached down into areas where our market maps show accumulation is likely to occur. As stated in the video, this instrument is unique, and should be treated as a hedge, not as a speculative vehicle.
Chesapeake Energy Corporation (NYSE:CHK) continues to slowly push higher. We would be comfortable holding through the small correction that is currently forming as this stock continues to show good, steady, bullish power readings.
(EUR/USD) has retested the blue zone after forming an inverse head and shoulders as forecast in last week’s market map. Now as price has tested the blue zone for the second time, we can measure the bullish sentiment and have found it lacking. Now is the time to take remaining profits and wait for price…
The S&P 500 index proxy (SPY) is coiling for a breakout above the 2,000 level. This should provide some nice intra-day trends for active traders. However, our forecast is for the market rally back into the zone shown in the video in Ivory…At that point a lower high should form, but we are waiting for…
The S&P 500 index proxy (SPY) is currently digesting its recent drop, and not a lot has changed since last week’s forecast. Our forecast is for the market rally back into the zone shown in the video in Ivory…At that point a lower high should form, but we are waiting for more clarity in the…
(EUR/USD) continues to flounder after losing much of it’s bullish power in the shorter time-frames. We still see price moving up to retest the highs, but the odds are dropping with each week that passes. Having already taken profits, we are waiting for price to re-engage the bulls, then will begin executing our exit strategy…
Chesapeake Energy Corporation (NYSE:CHK) is slowly working itself out as forecast. After offering several opportunities for entry within the green zone, price has begun to build power for a push up into the blue zone.
Today we initiate our coverage in Chesapeake Energy Corporation (NYSE:CHK) is a stock that has been beaten up, along with the rest of the energy sector. The stock is showing signs of a sustainable bottom, and our forecast is for price to make one last test wave back down before reversing. This would create an…
