Monthly Archives: January 2011

A Market Timing Signal: SP500 Index Breaks the Wedge

The S&P 500 index may now descend to around 1262.60 for starters. How deep this correction will go is difficult to say. My market timing prediction that the sentiment (look up my sentiment page on the feed page for 12-10-2010) … Continue reading

Posted in Uncategorized | Tagged , , , , | Leave a comment

China’s Currency Threats: Take them Seriously

President Hu said the US is printing too much money and is the cause of global inflation. Global food inflation is at 25% for the year. Imagine how that effects those who barely get by. Our Fed is hurting those … Continue reading

Posted in Uncategorized | Tagged , , , , | Leave a comment

Time for the Euro to Come Down Again

The US dollar index is at the base of the recent market timing range and the Euro is at the top. Time for that to reverse. Europe cannot stand having a strong currency when more than ever they need an … Continue reading

Posted in Uncategorized | Tagged , , , | 1 Comment

SP500 Index is in a Wedgey Way Again

There is an upward wedge on the daily chart. It is not worth buying the SP500 Index until we close above there, which tomorrow would be around 1301ish. If you want to know how to spot a wedge, go to … Continue reading

Posted in Uncategorized | Tagged , , | 1 Comment

SP500 Index: The Third Breakout Since the Wedge

I just published my free SP500 Index Tracking newsletter late last night showing these 3 breakouts following the breakout above the wedge. The link to signing up for it is in the prior post. The SP500 has several support levels … Continue reading

Posted in Uncategorized | Tagged , , | Leave a comment

SP500 Index Market Timing: Time to Buy? No. Here’s Why.

The SP500 has simply done a layup to the last overhead resistance. You can see it clearly on the chart in my SP500Tracker™ out this past Sunday (see link below). When a market simply goes back up to the prior … Continue reading

Posted in Uncategorized | Tagged , , , , | Leave a comment

Maintain Profits in the Housing Index (HGX)

OK, it may be time to hold your nose and smile, considering the nice gain we’ve had since I recommended this investment.    Smile but preserve your profits. Resistance is far from us date-wise at 116.81, the high way back … Continue reading

Posted in Uncategorized | Tagged , , , | Leave a comment

Gold Is Going to Make Up Its Mind: Here are the Market Timing Parameters

Gold as represented by the GLD in the chart below has closed below the 50 day moving average, which excites the Bears. Although gold could simply continue down here, we have to askwhat could support a rally on a technical … Continue reading

Posted in Uncategorized | Tagged , , , , | Leave a comment

Don’t Buy More Gold Yet: Here’s why

Gold has bounced off of support represented this time around by the 50 day moving average and it now approaching the prior highs. Actually today, it’s pulling back a bit as the US dollar strengthens slightly. The chart below shows … Continue reading

Posted in Uncategorized | Tagged , , , , | 1 Comment