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19 Jul Posted by in Market Forecasting | Comments Off on TRADE ALERT

TRADE ALERT

TRADE ALERT

    This is what I told my students today: Regarding the SELL GCQ11 signal that we had last week. I have a sell-stop order GCQ @ 1576, the signal day….just waiting for confirmation. I love to pick mkt tops. If u r interested in following my trading system, join one of my Free Webinars!!! Trading […]

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08 Jul Posted by in Market Forecasting | Comments Off on Futures Market and Politics All that glitters is “not” gold?

Futures Market and Politics All that glitters is “not” gold?

Futures Market and Politics All that glitters is “not” gold?

  From a personal trader’s “Historic” diary, it is always fun to write a “Futures” diary. In January 1980, the Texas oil tycoon Nelson Bunker Hunt and other partners became famous for succeeding in cornering the silver market. Prices peaked at $50/oz, and then collapsed to $10/oz. in less than 30 days! Historically, the only […]

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07 Jul Posted by in Market Forecasting | Comments Off on Gold Aug GCQ11

Gold Aug GCQ11

Gold Aug GCQ11

  Watch this trading range: 1560 and 1480. Breakout confirmation trading strategy: Long above 1560, Short below 1480. Happy Trading…   P.S. Tomorrow’s monthly unemployment report may be the catalyst for market movement.     Nostradamus Prediction!   Gold price range in the next 2 years: No budget agreement….$6000 Budget Agreement…$1000      

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05 Jul Posted by in Market Forecasting | Comments Off on Chart Reading vs. Trading with Indicators

Chart Reading vs. Trading with Indicators

Chart Reading vs. Trading with Indicators

    When selecting a trading methodology that is effective in the long run, a trader needs to ask himself what type of approach would work best for accuracy and reliability. First there is the fundamental approach which works best for the long term trader/investor. Warren Buffet is a good example of a trader with […]

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03 Jul Posted by in Market Forecasting | Comments Off on Current Projection for Equity Markets

Current Projection for Equity Markets

Current Projection for Equity Markets

  Basis the September e-mini S&P, the next major time target I’ve projected is July 31st. This date arrives on a Sunday, so  my expectation for a significant transition in the behavior of the market will likely be as of Monday, August 1st. During the first part of last week, I had worked out some overhead […]

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30 Jun Posted by in Market Forecasting | Comments Off on Gold Down Again?

Gold Down Again?

Gold Down Again?

    A close in GCQ11 below $1496 will signal a downtrend, and a projected target of $1400. Currently gold is @ $1500/oz. A $100 per oz. price correction to $1400 is $10,000 per contract.         Risk Disclosure: There is a risk of loss in trading. Whether it is commodities, stocks and/or […]

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27 Jun Posted by in Market Forecasting | Comments Off on Conventional Chart Analysis

Conventional Chart Analysis

Conventional Chart Analysis

      The Nasdaq (September contract) is challenging 2300…stiff resistance. Technicals are pointing towards 2000 target by Labor Day 2011. If interested in how I came up with this chart prediction, give me a buzz!        

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23 Jun Posted by in Market Forecasting | Comments Off on Conventional Technical Analysis vs. Psychological Evaluation of the Market

Conventional Technical Analysis vs. Psychological Evaluation of the Market

Conventional Technical Analysis vs. Psychological Evaluation of the Market

      After 35 years trading as a technician in the commodity futures markets, and after winning the Chartist of the Year award, I do not believe that “conventional” technical analysis is the way to succeed in trading. My trading approach has the advantage of no interpretation…I call it the R2D2 System.     […]

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23 Jun Posted by in Market Forecasting | Comments Off on How to Pick a Market Top!

How to Pick a Market Top!

How to Pick a Market Top!

    The Euro-currency and silver are currently setting up for a sell signal. Wednesday gold finally tested the highest closing price of 5/2/11, then retreated quickly. I would use the silver sell signal confirmation to go short the gold…. Can this be the top of the market?        

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22 Jun Posted by in Market Forecasting | Comments Off on US Dollar Up?

US Dollar Up?

US Dollar Up?

    The indicators that I use to measure the market psychology are purely mechanical and not subject to interpretation. On the other hand, there are times when “Volume” analysis may add to the odds that will favor the next market direction. This weekend we will discuss the US Dollar and why it may make […]

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