Posts on this site forecasted a possible precious metals buying opportunity in late December 2020. Gold in particular had a bullseye date for a potential turn on 12/29/20. It was noted that if the precious metals were declining into this date it could have been a significant bottom. The daily Gold chart courtesy of TradingContinue reading “Gold Update – January 2021”
Category Archives: Time
Turn of the Year – Turn of the Market
Today 01/04/21 in the first minute of trading on the first trading day of the new year the S&P 500 (SPX) made a new all-time high then had a sharp decline. The SPX began the day up 8 points it ended the day down 55 points. Important Fibonacci resistance based on the SPX March 2009Continue reading “Turn of the Year – Turn of the Market”
History of January Stock Market Tops
Occasionally stock market turns come at the cusp of a new year. Sometimes like in late 2018 the turn could be a bottom. Usually, the turns come at a top. The main reason is tax deferment. Fund managers and individuals with unrealized stock gains sell early in the new year deferring the taxes on theContinue reading “History of January Stock Market Tops”
Gold’s Lunar and Fibonacci Time Cycles
The broad seasonal patterns for Gold and Silver were illustrated in the 11/26/20 post “Important Silver and Gold Bottom in December 2020?” Today’s post focuses on more precise timing indicators – Lunar and Fibonacci time cycle. Some people laugh when you tell them you and can discover market turns by examining lunar phases. The studyContinue reading “Gold’s Lunar and Fibonacci Time Cycles”
Important Silver and Gold Bottom in December 2020?
The next seasonal bottom for both Silver and Gold comes in mid-December afterwards seasonal patterns are bullish until at least February. The updated Silver seasonal chart shows the bullseye for a potential Silver bottom is mid-December. Seasonal patterns can be broad, a possible bottom could come from mid- December to early January. The iShares SilverContinue reading “Important Silver and Gold Bottom in December 2020?”
Tis the Season to be Bullish
Of the four market dimensions of price, time, sentiment, and momentum the most dominate currently for US stocks is the time dimension. During the seasonally bearish months of September and October US stocks had declines. Then upon entering the most bullish month of November, stocks rallied strongly. The 11/10/20 post “S&P 500 Could be inContinue reading “Tis the Season to be Bullish”
The Best Buying Opportunity Since March?
Presidential elections cause anxiety among traders and investors and there’s reason to be concern because whoever is the US president can have effect on the long-term economy and the stock market. Near term- over the next two to three months its doubtful whoever is elected US President in 2020 will be able to change theContinue reading “The Best Buying Opportunity Since March?”
The Bullish Season
November is statistically the most bullish month for US stocks. This bullish season can last at least until the end of the year and sometimes continue into late April. My 10/28/20 post “Door Open for Lower Stocks” discussed the reasons why the S&P 500 (SPX) could continue to decline. On 10/30/20 the SPX did makeContinue reading “The Bullish Season”
Could Silver be in an Emerging Bull Market?
From March to August 2020 the precious metals group of Gold, Silver and Platinum had powerful moves up. Gold made a new all-time high when it broke above its 2011 peak. Silver in five months retraced seven years of bear market progress. These could be the first signs of a new multi-year bull market forContinue reading “Could Silver be in an Emerging Bull Market?”
Stock Market Seasonal Patterns – Part Two
My previous post “Stock Market Seasonal Patterns” noted that US stocks have a seasonal bearish period from late August until at least early October. On September 21st, the S&P 500 (SPX) broke below Fibonacci support – a .236 retrace of the March to September rally. This break opens the door to the next support levelContinue reading “Stock Market Seasonal Patterns – Part Two”