Yes, exactly why we use charts, technical analysis and BPT to trade. Ignore the noise and concentrate on the charts in front of you!

Heres an article from Wolf Richter on the subject

Fed Admits Failure of ‘Plan A’ to Control Money Market Rates, Shifts Back to Repos (which was ‘Plan A’ till 2008)

SPX Filled the gap

Gold Rallies and Pullbacks. Average rally before a pull back 7.5 to 15%. Gold is now at 7.5% from May 28th

I wanted to know if GDX could have more upside from here for a swing trade.  I went back to the beginning of the ETF which was Jul 2007 and this is what I came up with:

Highest RSI 14 Sep 2012 at 82.49 - Today 77.87
Highest MACD(12,26,9) Sept 2012 at 2.33 - Average Peaks 1.21 - Today .696
Highest BB (20,2.0) Oct 2008 82.6 (after a steep decline) - Average peak 30.00 - Today 21.85
Highest PMO (35,20,10) Dec,24 2008 was the snap back rally after the steep decline ended Oct 2008 - Average peak 5.0 - Today 2.89

Based on history and my observations, the months from May to Sep most times produce a net gain/loss of roughly zero. This is due to a lot of chop. Hence the phrase "Sell in May and go away"

Yes, I sold my options on this stock today. Now focused on Kinross

FDN Chartlink- Inv H&S on FDN. This is an internet fund that has 50% of holdings in GOOG , EBAY, NFLX, AMZN, TWTR, FB, PYPL, VRSN  and CRM

Good short candidate. REMX

AZ - Chart LinkAZ Mining is forming a nice flag with a long pole. Took a small position today

X is in a high and tight flag pattern which is ranked number one on the pattern site. I bought some today.

http://www.thepatternsite.com/htf.html

I think this is still worth watching for a short since UNG reached its symmetry target.

AG Bollinger bands super tight on the 15 min.

Since 1998 the Slow Stoch on the monthy chart of the VIX has only hit 5, three times.

Twice it rallied more than 100% What will happen this time?  My guess is there will be a lot of hedging with this presidential election,

VIX Monthly

I believe it! Bought UGAZ and HNU today. Been following NATGAS for the last month. The next 4 weeks are historically strong for NG

NATGAS

For those Canadians looking to buy SVLT but can't because it's restricted until interim financial statements are filed in Canada, I have some news. According to Gary Monaghan, their counsel is in the process of getting Alberta securities commission to issue the revocation order and so trading for Canadians can resume. No he did not give a time line. You can check with your broker or here 

Steve, regarding the calculation above the first chart. 258 I assume is the move from the Oct 13 low to Dec 01. What I'm not understanding is the 1981 + 159 =2140 calculation. Additionally you have a dashed line at 2040. Should that be 2140?
Could you please explain all of this. Very much appreciated.

Thanks

I agree that gold or at least the pm stocks will bounce over the next several weeks. This week Gold Corp was 13% below the lower Bollinger band on the weekly chart. The only other times GC was 10% or more below the weekly BB was in October 2008 and 2014. Both times it rallied to the 9 ema on the weekly. I took the opportunity Thursday and Friday to load up on GC near the lows Now we'll see if past performance can be repeated. 😄

Gold futures opened 2.5% lower in Asia. With Chinese markets down, maybe the thought is there will be less money for gold buying after the margin calls are settled.

Looks like  Jordan Roy-Byrne got it right.

Good analysis on volatility  http://www.zerohedge.com/news/2015-07-16/volatility-motion