I notice for the last

Posted by victorh on 20th of May 2019 at 12:21 am

I notice for the last few months you guys no longer post the COT's for gold. I read on another site the latest COT's released Friday did not bode well for gold as commercials massively increased their short positions. When you were posting the COT's on the weekly gold charts it made it very easy to notice trends. Is there some reason you no longer post the numbers?

$aord up again today as existing gov should win the election yesterday.  More pro business 



VSLR Daily View

Posted by steve on 19th of May 2019 at 07:40 pm

Weekend Newsletter At the start of

Posted by steve on 19th of May 2019 at 01:19 pm

Weekend Newsletter

At the start of last week, the major indexes continued lower on Monday making new short term pullback lows (following increased tariff talk).  After reaching oversold readings on Monday, the market managed to stage a three day rally with prices peaking out mid-day on Thursday before giving up some gains into the close on Friday.  Thus far, the bounce on the major indices has been a normal corrective advance that has failed near at 50-618% Fib retrace as we have outlined on the 60 minute charts.   As you know, we are currently mapping this advance as a wave B bounce following the clean symmetry break on the previous decline.  Unless the SPX can hold and impulse higher, we expect price to come back down and at least retest the 2800 area if not zig zag lower.  For the bulls, we would need to see price hold above 2853 early next week and rally up to new bounce highs.  As always, continue to trade what's in front of you and respect your triggers. 

Enjoy the balance of your weekend,

Steve 

Correct

Quick Look at Australia and Canada

Posted by steve on 19th of May 2019 at 11:43 am

Correct

$aord has significant macd and rsi divergence has price makes new highs.  

SPX 60 Updated Mapping View

Posted by steve on 18th of May 2019 at 11:58 am

$SPX - Chart Link - see comments on chart.  Bulls would need to hold above 2853 and rally to new highs for an impulse to negate the current view. 

Gartman is the ultimate contrarian indicator!

Nice day!

XLU follow up

Posted by steverobin on 17th of May 2019 at 05:42 pm

Nice day!

https://www.thestreet.com/investing/stocks/musk-to-tesla-employees-it-is-hardcore-belt-tightening-time-14963523?puc=yahoo&cm_ven=YAHOO&yptr=yahoo

Even though I like the cars, I doubt I would buy one.  Are they really going to be in business long enough to service it?  Serious concerns that this is a going concern.  It didn't help to take on Solar City and its debt.

Also, not to mention the constant change in pricing and sales and marketing strategies.... and now a possible battery shortage because of Model Y build.

i am getting giddy so

TSLA

Posted by morton7 on 17th of May 2019 at 03:49 pm

i am getting giddy so those who are short might want to cover.  they need a new ceo....

TSLA

Posted by matt on 17th of May 2019 at 03:36 pm

TSLA - Chart Link

TSLA - Chart Link - weekly, man o man

'US, China trade talks have

Posted by steve on 17th of May 2019 at 03:05 pm

'US, China trade talks have stalled: Sources' -CNBC

MAIN still holding up great

Posted by matt on 17th of May 2019 at 02:40 pm

MAIN - Chart Link - still holding up great despite going ex dividend, you will receive the div on June 4tth

JO -  is like Maxwell

JO - needs some caffeine 

Posted by steve on 17th of May 2019 at 02:40 pm

JO -  is like Maxwell House "Good to the Last Drop"

XLU follow up

Posted by matt on 17th of May 2019 at 02:39 pm

XLU - Chart Link - I've been saying that it would like try sometime to take out that resistance. 

Starbucks keeps shorting it against

JO - needs some caffeine 

Posted by matt on 17th of May 2019 at 02:38 pm

Starbucks keeps shorting it against you!

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