Wednesday, September 23, 2020

Gold Setting Up Just Like Before the Covid19 Breakdown Get Ready

Research Highlights....
  • Gold rebounded quickly and broke to higher prices after the COVID deep selling.
  • Our Fibonacci support levels for Gold are resting near $1,885, $1,815 & $1,790.
  • More downside pressure on price is possible, but if support is maintained at $1,885 then we could see a big upside recovery trend take Gold to $2,250.
Just before the COVID-19 collapse in the markets hit near February 25, 2020, Gold started a double-dip move after reaching $1,692 on February 24. First, Gold dipped from $1,692 to $1,564, then recovered to new highs ($1,704.50) on March 10, 2020. Then, as the deeper COVID-19 selling continued, Gold prices dipped again – this time targeting a low level of $1,450.90.

What we found interesting is how quickly Gold prices recovered and broke to even higher price levels after this deep selling. Our belief is that when a crisis event first hits, which we sometimes call the “shock-wave”, all assets take a beating – including Gold and Silver. This is the event where traders and investors pull everything to CASH (closing positions). Then, as the shock-wave ends, traders re-evaluate the price levels of assets to determine how they want to deploy their capital....Continue Reading Here.

Stock & ETF Trading Signals

Monday, September 21, 2020

Global Markets Break Hard to the Downside - Watch These Support Levels

Research Highlights....
  • New reports of widespread financial corruption likely triggered the current sell off.
  • Watch out for market support levels to see if this is a short term correction or the start of a downtrend.
  • Support for the DOW is just above 26,000.
  • Support for the SP500 is around 3,100.
U.S. and global markets were already under pressure over the past few weeks related to COVID-19 issues and global economic expectations. The technology sector had driven valuations to levels not seen since the DOT COM bubble near the end of August and many of the US Indexes has reached or breached all time highs again.

My research team and I warned followers to “stay cautious” throughout much of the price rally as our proprietary price modeling systems suggests the rally was isolated and not organic. The U.S. Fed has spewed capital into the markets and speculative traders piled into the “excess phase” of the market to drive price levels higher. Take a moment to review these recent research posts to learn more....Continue Reading Here.

Stock & ETF Trading Signals

Saturday, September 19, 2020

Platinum and Palladium Set to Surge as Gold Breaks Higher

Research Highlights....

* Gold will target the $2,250 level before stalling and attempting
   another upside price rally targeting $2,500 or higher. 

* Silver will target the $33 price level when the current upside 
   move builds enough momentum, then target $38 or higher. 

* Our next upside price target for platinum is $1,410, 
   representing a +52.4% upside price target. 

* Palladium bottom in March 2020 was near $1,357. We expect a new upside price target for Palladium
   near $3,663 once it has broken out past current resistance levels. 

If you have been following my research for a while, you are already aware of past research posts suggesting Gold and Silver will advance in multiple upside price legs over the next 90+ days. Gold will target the $2,250 level before stalling and attempting another upside price rally targeting $2,500 or higher. Silver will target the $33 price level when the current upside move builds enough momentum, then target $38 or higher.

What you may not be aware of is the incredible opportunities setting up in Platinum and Palladium. Platinum has set up a very deep COVID-19 low near $550 and rallied back to briefly touch resistance near $1,035 as we can see in the Palladium Weekly chart below. Since that move, Platinum has stalled below $1,000 waiting for momentum to start another upside price leg. 

Using a simple 100% Fibonacci Measured move technique, we can easily identify the $485 price swing from the $1,035 highs to the $550 lows. All we need to do is find a support level near what we believe will be the Momentum Base level, then add that $485 to the Momentum Base level to find the next upside target in Platinum....Continue Reading Here.

Stock & ETF Trading Signals

Monday, September 14, 2020

It’s Go Time for Gold - Next Stop $2,250

Research Highlights....

* Gold Pennant/Flag formation is now complete and setting
   up new momentum base near $1,925. 

* Our Adaptive Fibonacci Models suggest support will prompt 
   new Gold rally to $2,250.

* The rally in Gold will continue to extend higher over the next
   4+ weeks.

The U.S. Dollar may move lower and/or the US stock market may break recent support to prompt this new rally in Gold. If you are a follower of my research, then you know I follow gold and silver closely. I believe Gold has completed a Pennant/Flag formation and has completed the Pennant Apex. 

Further, a new momentum base has setup near $1,925 - $1,930, near the upper range of our Adaptive Fibonacci Price Modeling System’s support range. My team and I believe the current upside price move after the Pennant Apex may be the start of a momentum base rally targeting the $2,250 level or higher.....Continue Reading Here.

Stock & ETF Trading Signals

Sunday, September 13, 2020

SPY Expectations for the Rest of September

Research Highlights....

* Over the past 28 years, the SPY has gained an average of 
   3.45% in 15 of those years; it has fallen by 6.42% in the 
   other 13 years. 

* The critical support level for SPY is 332.85. If the SPY finds
   support at this level then you can expect continued, 
   moderate price increases. 

* Prepare for a moderate increase in volatility for the rest of September – watch the VIX.

My research team and I have been pouring over the charts in an effort to attempt to identify any support or weakness related to the increase in volatility over the past 7+ trading days. The VIX is currently at 29.71 after reaching a high of 38.28. We believe the increased price volatility is here to stay – at least through the end of 2020. This means skilled technical traders should prepare for some potentially large and aggressive price swings over the next few weeks and months.

September 11th and Historical Price Modeling

As we come to September 11, 2020, and reflect on the 9/11 terrorist attacks, we become more centered on what really matters in life for most of us – family, friends, health, safety, and opportunity. Even though we near a potential rotation in the market, we must never lose focus on these most essential components of our lives....Continue Reading Here.

Stock & ETF Trading Signals

Tuesday, September 8, 2020

Crude Oil Breaks Lower - Sparking Fears of Another Sub $30 Price Collapse

Research Highlights....

* Breakdown in Crude Oil sparks talk of sub $30 price 

* Initial support likely near $32 to $33. 

* Predictive Modeling suggests deeper price lows may be 
   reached before November 2020.

Have you been paying attention to Crude Oil recently? Prices have collapsed over -15% from the recent highs near $43.78. You may remember a research article I posted originally in July 2019 suggesting a big breakdown in Crude Oil was going to take place in early 2020 and extreme volatility was likely between February 2020 and April 2020. Our researchers predicted the following within that research article:

“If our ADL predictive modeling is correct, we will see rotation between $47 and $64 over the next 3+ months before a breakdown in price hits in November 2019. This will be followed by two fairly narrow price range months (December 2019 and January 2020) where oil prices will tighten near $45 to $50. After that tightening, we believe an extremely volatile price move will happen in February through April 2020 that could see oil prices trade as low as $22 and as high as $51 over a two to three-month span.”

Then, in early March 2020, we published this follow up article on our Crude Oil predictions. Within that article, we updated our analysis to include the following statement:

“If our research is correct, Crude oil may find a bottom somewhere near $17 to $24, the potential rally back up to somewhere above $37 - 41 ppb before staging another massive selloff. The massive volatility suggested by the ADL system also suggests a broad price range over the next 60+ days.”....Continue Reading Here.

Stock & ETF Trading Signals

Sunday, September 6, 2020

Traders Dreams Come True - Big Technical Price Swings Pending on the SP500

Research Highlights....

* A potentially critical price inflection point and technical
   pattern setup that has nearly completed and validated over
   the past few days, weeks, and months.

* Potential flag/pennant formation on our Custom Valuations
   Index Weekly Chart shows a possible 11% to 16% 9 or  
   more) downside price correction in SPY.

* Fibonacci Price Modeling system’s projects SPY downside
   target level near $284.50 before a bounce.

Over the past few weeks and months, my team and I have published a series of research articles suggesting the continued market melt up was driven by speculation and the U.S. Fed’s policies and support for the markets. We’ve also highlighted a number of technical patterns that have setup within various symbols that have generated strong warnings of a potential price reversal over the past few weeks. The biggest pattern has been the Head-and-Shoulders price patterns. The sudden downside price move in the NASDAQ, and other markets, last week caught many traders/investors off-guard. One day after a very strong rally in the US stock markets, the price reversed and sold-off nearly 6% – a shocking reversal of trend. Red Skys in the mornings – Sailors Take Warning....Continue Reading Here.

Stock & ETF Trading Signals

Friday, September 4, 2020

Should You Be Concerned About the Big Downside Rotation in the U.S. Markets?

Research Highlights:

* Don’t panic. Technical Analysis does not confirm a deeper 
   price correction at this time, nor does this appear to be the Bull     Trap we have been warning about… yet.

* We are waiting until next week to see if price confirms any 
   new trend.

* Volatility should decrease if this is just a moderate price rotation.

Is this the “Bull Trap” setup we have been warning about for some time now? Should traders be concerned about deeper downside price trends or a collapse in the markets?

We believe this current downside price rotation is just a well deserved (and somewhat overdue) price rotation related to the recent advance in stock valuations. Currently, the VIX is moving lower and the volume in the markets is suggesting the deepest part of this price move may be over (for now). Bonds are moving lower while precious metals are moderately higher. We don’t believe this current downside price move has any more momentum left – at least headed into the long holiday weekend.

This Daily INDU chart below highlights two key price levels that are acting as support right now, the 27,525 and 26,000 levels. This recent downside price rotation stalled very close to the 27,525 level and began to rally from those lows....Continue Reading Here.

Stock & ETF Trading Signals

Stock & ETF Trading Signals