Announcement

Collapse
No announcement yet.

Monday July 2nd

Collapse
X
  • Filter
  • Time
  • Show
Clear All
new posts

  • Monday July 2nd

    Markets slightly lower overnight, oil own a bit. Short week, Canadian markets closed Monday, US markets half day Tuesday and closed Wednesday.

    Last edited by MrMiyagi; 07-01-2018, 10:38 PM.
    Don't follow or make any trades based on any chart, guess, study, joke or prediction I make.
    Seriously. Don't follow me. Just don't. I only guess at things.
    Also.. I'm not the real Mr Miyagi; he's been dead since 2005.

  • #2
    Futia:

    http://carlfutia.blogspot.com/

    Comment


    • #3
      Next swing low in gold is virtually guaranteed to mark the low. Question is how low will she go.

      Comment


      • #4
        GCC finally oversold in terms of weekly stochastics. FWIW (which is not much, since in no way can you say commodities are in a trending secular bull).

        Comment


        • #5
          My thoughts on Gold's Intermediate Cycle.

          https://surfcity.co/2018/07/01/gold-...cle-update-19/
          "Bull-markets are born on pessimism, grow on skepticism, mature on optimism and die on euphoria." Sir John Templeton

          Comment


          • #6
            Consumer discretionary:

            http://allstarcharts.com/discretiona...nt/#more-80262

            Comment


            • #7
              Originally posted by Surf City View Post
              My thoughts on Gold's Intermediate Cycle.

              https://surfcity.co/2018/07/01/gold-...cle-update-19/
              Looks like my pessimism on Thursday was more than warranted. Given that the miners (GDX/$HUI) will in all likelihood make a lower low than Thursday (black candle and all), gold is virtually guaranteed to make a lower low below $1238.

              Gold has also broken solidly below its Ichimoku cloud on the weekly chart. While not necessarily a death sentence, to me it strongly suggests that the next IC is going to be extremely muted and that the sector is dead for a good while.

              Comment


              • #8
                Look at platinum. It will soon be in the $700s. Wow.

                Comment


                • #9
                  The dow hasn't even tagged its rising 50 WMA yet, despite all of the people calling for a major top. It's weekly MACD has also not even reached neutral yet. Gold, on the other hand, knifed through its 50 and 100 WMA like they weren't even there and is about to breach the 200 WMA.

                  Comment


                  • #10
                    $WTIC is going to get slammed soon enough. It always lags the rest of the commodity complex, but it will definitely head lower over the coming months. Wouldn't be shocked to see it sub $50 in time.

                    Comment


                    • #11
                      https://goldtadise.com/wp-content/up...nner-Chart.png Benner cycle theory.I rarely short the /NQ.This time I will,a bit,starting mid july,when red lunar cycle starts.ARE U READY SOPHIA???Your time is approaching.....

                      Comment

                      Market Data

                      Collapse

                      Sponsor

                      Collapse

                      Gold Markets

                      Collapse


                      Investor Tube

                      Collapse

                      Sponsor

                      Collapse
                      Working...
                      X