pay attention or pay the offer

Schedule: I am under the weather today.  I’m supposed to fly out to a family wedding tommorow.  The blog will be back and hitting the ground running on July 6.  I’m expecting the markets to get very quiet as this week progresses.
Folks have been asking for some sort of mechanism to let them know when [...]

[Read more →]

It’s a four day holiday week coming up.

[Read more →]

Here’s a look at the current weekly and daily gold charts.

[Read more →]

[Read more →]

Here’s an updated solunar model chart for the Dow. Given the recent discussion about tidal dates in the comments section, I put together a chart of the 2009 tides, both the high tides and low tides. I use the Reedy Point data that Taylor uses in his book, Paradigm.

[Read more →]

Yesterday’s update highlighted the 895 area as the price where penetration of those double net-lines would lead to further rally. I also pointed out the improvement in the modified DMX that was signalling a rally attempt. Clearing 895 this morning has produced upside follow-through. Now what? At what prices are the eMini expected to bump [...]

[Read more →]

Much of our intraday work tracks the eMini as it bounces between the various channels.

[Read more →]

Oil is clearly undergoing a correction in the daily time frame, similar to the pullbacks in gold and euro I highlighted here. But will this be a larger downturn on the weekly time frame?

[Read more →]

The Keltner channels were very useful pinpointing resistance last week. Thursday evening’s update stated that resistance was at 920-922 and prices rallied to 923 before turning lower. Now the question is, where is the support?

[Read more →]

People seem to think that oil is expensive now that it’s moved back above $70 per bbl. It’s tough to know how anything should be priced in fiat dollars, so I thought a look at oil priced in gold would be interesting.  The chart below shows that for all the crazy swings in the oil [...]

[Read more →]

One of the methodologies I use it to look for penetrations of ‘net-lines’, which then ideally indicate a move to the opposite Keltner channel. We noted last spring when a buy net-line was penetrated on the weekly S&P cash index chart. It’s worth following up to show that when the S&P topped at 956, the [...]

[Read more →]

There are some pretty clear support and resistance levels as we head into tomorrow’s eMini session.

[Read more →]