The 04/19/25 blog “Near-Term Gold Opportunity – 04/17/25” Ilustrated a strategy to potentially profit from a near – term drop in Gold. The conditions for Silver are the same, the profit opportunity could be greater. The weekly Gold Futures (GC1!) and weekly Silver Futures (SI1!) chart courtesy of Trading View illustrates their relationship. On theContinue reading “Near-Term Silver Shorting Opportunity – 04/17/25”
Category Archives: Momentum
Near-Term Gold Shorting Opportunity – 04/17/25
For several months Gold prices have pushed higher and could continue higher in 2025. However, near-term conditions present an opportunity for aggressive traders to short Gold. The weekly Gold futures chart courtesy of Barchart.com updates Gold sentiment. Each week the Commitment of Traders (COT) report tracks the net contract positions for various Futures. There areContinue reading “Near-Term Gold Shorting Opportunity – 04/17/25”
Death Cross Achieved
The S&P 500 (SPX), Dow Jones Industrial Average, and Nasdaq Composite daily charts have their 50 – day Simple Moving Average (SMA) lines crossing below their 200 – day SMA lines. This is called a “Death Cross” and is usually a signal for more downside action. The daily SPX chart courtesy of Trading View showsContinue reading “Death Cross Achieved”
A Super Rally for U.S. Interest Rates? – Part – Two
The 02/02/25 blog “A Super Rally for U.S. Interest Rates?” noted “In the coming months U.S. Treasury yields/rates could have a dramatic rise”. The dramatic rise may have begun last week. The weekly U.S. 30 – Year Treasury Bond yield (TYX) chart courtesy of Trading View illustrates the long – term picture. TheContinue reading “A Super Rally for U.S. Interest Rates? – Part – Two”
Important Near- Term S&P 500 – Support/Resistance
The daily S&P 500 chart courtesy of Trading View updates the action. Most of the time important market turns are made with at least one momentum bullish/bearish divergence. The MACD and RSI readings are based on closing price. The lowest S&P 500 (SPX) closing price for the decline that began on 02/19/25 was made onContinue reading “Important Near- Term S&P 500 – Support/Resistance”
Sentiment and Momentum for U.S. Stocks at Amazing Levels
The daily VIX chart courtesy of Trading View illustrates long term sentiment. The VIX, which is also referred to as the fear index, is very effective identifying S&P 500 (SPX) bottoms. VIX spikes up correspond to SPX spikes down. The big question, how high do the VIX spikes go before the SPX bottoms? The RSIContinue reading “Sentiment and Momentum for U.S. Stocks at Amazing Levels”
S&P 500 – Price and Time Targets Hit!
The 03/16/25 blog “Forecast – S&P 500 Intermediate Bottom – 04/03/25” illustrated that the S&P 500 (SPX) could bottom around the 08/05/24 mini crash bottom 04/03/25 or 04/04/25. The 08/05/24 bottom was at 5,119.26, the low SPX low on 04/04/25 was 5,069.90. Evidence from SPX momentum oscillators reveal clues to what could soon happen. TheContinue reading “S&P 500 – Price and Time Targets Hit!”
Sell on the Tariffs
The S&P 500 (SPX) rallied most of the 04/02/25 session in anticipation of U.S. President Trump’s tariff speech just after 4:00 PM – EDT. Minutes after the speech began the S&P 500 – Futures went into a huge decline that soon wiped out all the SPX 04/02/25 gains. What were the bulls thinking prior toContinue reading “Sell on the Tariffs”
Alternate Time Forecast for Intermediate S&P 500 Bottom
The 03/16/25 blog “Forecast – S&P 500 Intermediate Bottom – 04/03/25” illustrated that the S&P 500 (SPX) could bottom in the 5,100 area on 04/03/25 or 04/04/25. The price forecast remains the same and given the SPX powerful decline on 03/28/25 it’s possible to reach 5,100 by 04/03/25 or 04/04/25. However, there is another timeContinue reading “Alternate Time Forecast for Intermediate S&P 500 Bottom”
S&P 500 – Resistance Update – 03/24/25
The daily S&P 500 (SPX) chart courtesy of BigCharts.com updates the action. On 03/24/25 the SPX moved above the Fibonacci .382 retracement level of the February to March 2025 decline and the 200 – day Simple Moving Average (SMA). Of the two the widely followed 200- day SMA is more important. If SPX continuesContinue reading “S&P 500 – Resistance Update – 03/24/25”