OIL Forecast 5/10/16
OIL is the ETF that follows the price of West Texas Intermediate Crude. Having failed to test down into the green zone, this trade failed to set up and is noow off our radar.
SPY Forecast 5/10/16
The S&P 500 index proxy (SPY) The bullish surge we forecast last week has come in right on schedule. We are in a transition point now, with a possible bearish pivot or bullish breakout both about at 50% odds. We remain on the sidelines and will be stuck there until we get clarity.
GLD Forecast 5/10/16
The Gold Proxy (NYSE:GLD) has broken out to new highs and looks overheated in the short term. Rather than the small correction that we were expecting last week, our measurements indicate that a larger correction is looming. We will take the opening price of the 5/11/16 session as our exit price for recording profits…
GLD Forecast 5/3/16
The Gold Proxy (NYSE:GLD) has broken out to new highs and looks overheated in the short term. We would expect a new correction to form as the bulls rest take profits before re-booting and building up their strength for another rally attempt.
SPY Forecast 5/3/16
The S&P 500 index proxy (SPY) continues to trade within the bearish ivory zone. The grinding bullish power has finally been conquered and the bears have control of the market. We are forecasting that this bearish control is likely to be short lived, and that at least one more bullish surge will be seen…
QCOM Forecast 5/3/16
Qualcomm (NASDAQ:QCOM) has whipsawed back into the green zone as the bulls and bears battle for supremacy. We will stick to our plan as the objectivity measured odds for success or failure have yet to shift against our position.
OIL Forecast 5/3/16
OIL is the ETF that follows the price of West Texas Intermediate Crude. After a failure to test the green zone last week, this market is offering second chance at a long opportunity. We are forecasting a push higher in prices that should take us up above the $6 area…
OIL Forecast 4/26/16
OIL is the ETF that follows the price of West Texas Intermediate Crude. After a cycle failure a few weeks ago, this market is offering another long opportunity. We are forecasting a push higher in prices that should take us up to the $6.40-$6.60 area…
QCOM Forecast 4/26/16
Qualcomm (NASDAQ:QCOM) has formed a sustained pennant pattern on its daily chart. Our forecast shows that the bullish pressure has risen to a level that should produce a breakout to the upside.
SPY Forecast 4/26/16
The S&P 500 index proxy (SPY) continues to trade within the bearish ivory zone. The grinding bullish power continues to push price higher and is starting to attract breakout players. This new constituency is likely to fuel the bullish move for one more leg, and we will remain on the sidelines until we see the…