Tag Archives: market timing

Time for the Euro to Come Down Again

Posted on January 18, 2011 by David Durand

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 →

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SP500 Index is in a Wedgey Way Again

Posted on January 18, 2011 by David Durand

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 →

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SP500 Index: The Third Breakout Since the Wedge

Posted on January 18, 2011 by David Durand

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 →

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

Posted on January 11, 2011 by David Durand

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 →

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

Posted on January 6, 2011 by David Durand

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 →

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The SP500 Index is at a Decision Point

Posted on December 19, 2010 by David Durand

I wrote in my current FREE SP500Tracker™ newsletter that the SP500 has not yet resolved the upward wedge market timing SELL signal either way. The “lid” is at 1246.73 and the bottom through which trouble would lurk is at 1227.08. … Continue reading →

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The SP500 Wedge Break Signal has NOT been reversed….not YET

Posted on December 16, 2010 by David Durand

The close today at 1242.87 for the SP500 brings us to a point that is still below the high for yesterday. That is not enough to void the market timing sell signal from yesterday. What that would take would be … Continue reading →

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Gold Broke Its Shoulder

Posted on December 16, 2010 by David Durand

Gold broke its shoulder yesterday, BUT it has not yet broken the base of the head and shoulders formation that has formed. Awwww poor gold. When I say it broke “its shoulder,” I mean that the GLD gold ETF traded … Continue reading →

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SP500 Signal Just Went Off

Posted on December 16, 2010 by David Durand

The SP500 index wedge has been broken to the downside. When a wedge is broken to the downside, the particular index can retrace to the base of the wedge which would be at about the November lows. This is the … Continue reading →

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