12
DEC
2014

Long & Short Setup List

The following themes have a short-term time frame objective LONG LIST: 1. GLD – UGLD Assumption: The preferred count off the November low is  a Triple Zig Zag If this is the case price  should be already involved in unfolding the third wave (C) up I am looking to go long...
30
NOV
2014

SPX: Daily Dark Cloud Cover and Weekly Shooting Star

We have initial evidences of a potential pause of the “V Bottom” rally off the October low: Daily time frame: Outside Day (Dark Cloud Cover) & Exhaustion gap Weekly time frame: Shooting Star VIX jumps 10.44%   On Friday SPX gapped higher but quickly reversed engulfing...
09
NOV
2014

GDX: A Tradable Bottom Should Be In Place

It would be rather premature to talk about a major bottom of a decline that from the September 2011 has burned down the value of the stock with a loss of 75.5%.  I would have preferred a test of the ATL established on October 2008 at 15.86 but instead this week we had a...
13
APR
2014

SPX: Are We Almost Done With The Downside ?

Before analysing the Elliott Wave pattern lets review some technical indicators because in my opinion we are getting close to extreme readings that usually should favour an oversold bounce and even the resumption of the intermediate up trend with one more and probably the last...
06
APR
2014

SPX: So Far the Uptrend Remains Intact

“Don´t Count your Chickens Before they´re Hatched” We have a very aged bullish trend but in my opinion we don’t have yet a confirmation that a new bear market has been kicked off. This trend can still be prolonged but I am confident that eventually during the second...
23
MAR
2014

SPX: Will it Confirm the Double Top ?

My son is playing a tennis tournament so I don´t have much time for the weekly update. I will just iterate the already discussed potential ending pattern of SPX (Elliott Wave exhasution pattern) and suggest that XLF may also be unfolding the same pattern A bearish quarterly OPEX...
20
MAR
2014

EWW (Mexico ETF): Bullish Watchlist

03-26-2014: Followup ( I am out. Take the money and run) Entry Date 03/20/14; Long 60.84; Stop 59.80 ; Target 51; Exit Price 63.09 (+3.69%); Exit Date 03/24/14 The short-term bullish setup has panned out. On Monday when I sow the formation of a potential shooting star, with an...
09
FEB
2014

SPX: Bulls are Regaining the Upperhand (But not Out of the Woods Yet)

(Weekly Analysis) From the November 2012 low, fourth time, the 27-week moving average has acted as support preventing a larger decline. As well the weekly hammer with the low of the tail at the 0.5 retracement of the advance from the October low is suggesting that at least the...
01
NOV
2013

SPX: Follow Up of the Short Term EWP

THE CORRECTION HAS BEEN KICKED OFF When price completes a cycle and peaks the warning signals are displayed by breadth and risk on / risk off indicators before the correction begins to unfold.
04
OCT
2013

SPX: Follow Up of the Short Term EWP

WAITING FOR EVIDENCES OF A BOTTOM Three major assumptions: