AI
Sunday, April 13, 2014 3:25:52 AM
weekend update
http://caldaro.wordpress.com/
Posted on April 12, 2014
by tony caldaro
REVIEW
LONG TERM: bull market
Currently our bull market target is SPX 1970-2070 by Q3 2014.
This week’s market activity
put a dent in our more bullish realignment scenario
as the SPX/DOW/NDX/NAZ all confirmed downtrends.
We continue to count this bull market as Cycle wave [1]
Primary waves I and II - completed in 2011
Primary wave III - has been underway since then.
When Major wave 5 does conclude, it will end Primary III.
Then we should see the largest correction since 2012 for Primary IV.
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COMMODITIES
Bonds - are getting close to confirming an uptrend and gained 0.9% on the week.
Crude - is still uptrending and gained 2.7% on the week.
Gold - is trying to establish and uptrend and gained 1.3% on the week.
The USD - appears to be downtrending again losing 1.2% on the week.
http://caldaro.wordpress.com/
Posted on April 12, 2014
by tony caldaro
REVIEW
LONG TERM: bull market
Currently our bull market target is SPX 1970-2070 by Q3 2014.
This week’s market activity
put a dent in our more bullish realignment scenario
as the SPX/DOW/NDX/NAZ all confirmed downtrends.
We continue to count this bull market as Cycle wave [1]
Primary waves I and II - completed in 2011
Primary wave III - has been underway since then.
When Major wave 5 does conclude, it will end Primary III.
Then we should see the largest correction since 2012 for Primary IV.
COMMODITIES
Bonds - are getting close to confirming an uptrend and gained 0.9% on the week.
Crude - is still uptrending and gained 2.7% on the week.
Gold - is trying to establish and uptrend and gained 1.3% on the week.
The USD - appears to be downtrending again losing 1.2% on the week.
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