Long Term Monthly: At this time the market has found resistance at the purple channel. A break through this could see the market lift to the UBB and the next blue trend s/r (purple HPTZ). There is also a real possibility (technically) that the market could be starting another drop down, taking it back to […]
Long term Monthly view still has gold within a large downward channel (purple). Break of channel could see the market lift to the UBB and blue s/r (purple HPTZ). Watching to see if channel holds or breaks. If it holds we could see another significant drop from gold as it makes it way back to […]
TRADING COMMODITY DEFLATION Finding the “New Normal “in a Safehaven! Q1 EARNINGS ARE A DISASTER It is now expected that 2016 Q1 earnings will be the biggest quarterly drop in US corporate profits since 2009. A 9.8% drop is expected with major banks stocks such as Citigroup’s earnings being down 28% Y-o-Y with a double […]
WEEKLY VIEW: Lift continues – 3 wave consolidation can be seen, watching to see of we can determine if it is a 3 wave correction, or the start of a 5 wave lift. Amount of pullback from recent lift will give us a clue. W%R is lifted indicating positive pressure and more lift potential at […]
Clocking in at 1300 pages of small print text, Carroll Quigley’s seminal work, Tragedy and Hope, is an intimidating and weighty tome. Today we talk to Joe Plummer of JoePlummer.com about his guide to Quigley’s massive book. Available as a free e-book or as a paperback or kindle purchase and dubbed Tragedy and Hope 101, […]
TRADING THE STEALTH SHANGHAI ACCORD The Central Banks Coordinate Monetary “Expectation Setting” Policy TRADING THE STEALTH SHANGHAI ACCORD The Central Banks Coordinate Monetary “Expectation Setting” Policy For the last year we have been reporting on the steadily deteriorating global macro environment. We previously illustrated: Falling Corporate Revenue, Margins, Earnings & Cash-flows, An Imploding Global Energy […]
OIL has reached previous highs. Potential to drop back to previous lows and channel support. chart page
TECHNICALS BEGINNING TO ALIGN WITH FUNDAMENTALS The Divergences are Becoming Too Many to be Sustained FALLING PROFITS ARE HURTING CASH FLOW; HURTING FLOWS It is now expected that 2016 Q1 earnings will be the biggest quarterly drop in US corporate profits since 2009. S&P Forward Earnings expectations have been steadily falling since mid 2014 and […]
Weekly: OIL remains within the same down trend is has been in since the spring of 2014. Recent drop off appears curved and could be signaling a rounded bottom or ellipse pattern. IF ellipse pattern fails to hold then the next market levels can be seen around $25.00, $18.00, $14.00 and even potentially back to […]
MONTHLY: Long term monthly view shows a possible channel the market has been in since 2013 (purple). Technically this is a continuation pattern that says we should exit the channel expecting a move similar to what we saw enter it. Yellow highlights show this and the pattern suggests to watch for another sell off in […]