In last month’s post [see: Update on Oil, Jan 6] I noted that CL had dropped to 34.17, the target we posted in mid-December (the yellow arrow below.) I then donned my tin foil hat and added: In an unrigged market, it would suggest a possible bounce to the purple midline and .618 Fib at … continue reading →
Our membership promotion will wrap up in another couple of days. If you’re tired of taking cues from the perpetually bullish talking heads, this is a great time to take the plunge. Volatility is high, and we’re racking up some great results [see: HERE.] Pebblewriter.com has provided uncannily accurate market guidance since its first post … continue reading →
Our membership promotion will wrap up in another couple of days. If you’re tired of taking cues from the perpetually bullish talking heads, this is a great time to take the plunge. Volatility is high, and we’re racking up some great results [see: HERE.] Pebblewriter.com has provided uncannily accurate market guidance since its first post … continue reading →
Tired of taking cues from the perpetually bullish talking heads? Pebblewriter.com has provided uncannily accurate market guidance since its first post on May 2, 2011 where we noted a top was close (May 2 was the top) to its latest top call on May 19, 2015 [we were one day early, see: The Last Big … continue reading →
January was our best month ever. Our monthly results came in at 36.28% versus a 5.07% loss for the S&P 500 — a nifty 41.35% outperformance. It was made possible by pretty straight-forward chart patterns and huge volatility. None of January’s 19 sessions featured a daily range of less than 10 points. In fact, … continue reading →
When USDJPY reached the 120.11 price level that marked a Fibonacci 61.8% of its drop from 147 to 75 that began in 1998, we thought it would signal a decline for stocks. The BoJ, cagey as ever, kept the pair rising slightly — with occasional bursts higher when needed to support the yen carry trade … continue reading →
In our Dec 29 update on XLF, we noted that the rising white channel from Aug 24 and an important TL would be tested were the SMA200 to hold. Note that XLF just tested its 200-day moving average at the top of the falling red channel within the rising white channel which is, itself, rising … continue reading →
In December’s update [Update on Gold: Dec 14, 2015] we discussed the importance of the dollar on gold’s future price moves. …the weakness in DX since Dec 3 suggests there’s a decent chance of the Fed punting. If DX plunges further, GC’s 4th bounce could be a doozy: 1150-1180 for starters, and 1286 after that. … continue reading →
Futures were unimpressed with Yellen’s prepared remarks this morning, with ES paring 16 points from its overnight highs. Still, we would all do well to remember that “markets” can do some awfully strange things on Fed testimony days. Traders won’t like Janet’s lack of capitulation on rate rises. But, indices often rise on these … continue reading →
In our December 1 update on DX [Is DX Really Breaking Out?] I (somewhat cynically) suggested that DX’s rise above a key Fib level was just another scheme to convince investors that the markets were doing just fine. TPTB have done their best to convince the investment world that higher rates are just around the … continue reading →