SPY SSO closed SSO at 55.70. Taking a rest and watching early next week

SPY SSO closed SSO at 55.70. Taking a rest and watching early next week

SPY SSO closed SSO at 55.70. Taking a rest and watching early next week

Bradley turndate 7/28. Listed as a "major" one.
Oddlot

Cyclic high coming for SPX in nominally 4days on 65 day, and 7days on 33day. The peaks will coincide, presumably between those two points. Look to trade out on extreme rallies, and watch for shorting point.
Oddlot

SPX SPY Remember: potential only to 1400 area. This is a TRADING market.

SPX SPY Remember: potential only to 1400 area. This is a TRADING market.

SPX SPY Remember: potential only to 1400 area. This is a TRADING market.

FXE channels

CVX long at 108.25

BHI long 45.95. OIH is outperforming most ETFs, and the best IMHO oil service corp on my fundamental screen is BHI. OBV is strong. Wish I had bot sooner but held back due to europe, etc.
Oddlot

Jonny: yes. And if FXE makes a bottom then the outlook will morph into medium term. Also, building a new long position in gold.
Oddlot

Waited for the dip, got the dip, broke short term trendlines to the upside, bot 60% retrace of the intraday move (yesterday to today). May not work but it's going according to plan.

SPY SSO long SSO 52.50 with SPY at 133.50

SPY SSO long SSO 52.50 with SPY at 133.50

SPY SSO long SSO 52.50 with SPY at 133.50

GLD DGP added 1 unit of DGP at 48.38 as entry stop was elected on the opening.

GLD my entry point is approx $1588 spot, which is up approx 6.25 from the close. Currently, spot is up $3.01 at 1584.38bid. It wont take much move in euro (which is up) to push gold up there. Bottom line.....IMHO we are making an intermediate term low. Everything is in synch, so moves in euro>>move in gold+equities, and especially basic materials.
Oddlot

Thanks for the clarification, but what day# is today?

XLE near a trend change

XLE near a trend change

And when, pray tell, would that be?

It is always darkest at the bottom. I have found that whenever I and other laypeople can recite ten reasons why "X" will happen, it either doesnt or the mkt goes the otherway anyway. A year from now you will probably be profitable with shorts now, but there will be horrible volatility both direction. So, my play is for an oversold rally that may morph into a huge short-covering rally since nobody is publically long. Fundamentally, I agree with you.
Oddlot

Re gut: panic selling provides a buying opportunity. Plus, my cycle methods say we are at/near low in FXE. If euro rallies, gold, basic matls, equities in general will pop. This is an opportunistic trade that could morph into something else.
Oddlot

Re gut: panic selling provides a buying opportunity. Plus, my cycle methods say we are at/near low in FXE. If euro rallies, gold, basic matls, equities in general will pop. This is an opportunistic trade that could morph into something else.
Oddlot

XLB long at 34.90 with stop 33.35

XLB long at 34.90 with stop 33.35

XLB long at 34.90 with stop 33.35

FCX long at 32.55, no stops

GLD will add sigmificantly to long position if GLD hits 154.17.
Oddlot

GLD will add significantly to long if GLD hits 154.17. Also have small orders to buy scale down.
Oddlot

FXE 30 min with channel. Consider purchase of FXE and currency-dependent items near 120.10 FXE.

FXE 30 min with channel. Consider purchase of FXE and currency-dependent items near 120.10 FXE.

FXE 30 min with channel. Consider purchase of FXE and currency-dependent items near 120.10 FXE.

FXE (and everything else): as mentioned in post to which this replies, the cycles in gold have shifted; Currencies and gold have traditionally been highly correlated, and equities recently have be tied lockstep to the euro.

So, when the new set of GLD cycles is put on FXE, the targets of 120.5-121.75 are given by two separate calculations and the swing obj remain just under the mkt. Within tolerance, we are at the lows. This implies strength coming in euro, gold, and stocks. Bears beware!!!

Holding 1/2 unit DZZ(gold) and will probably take similar position in 2x etf for euro. Have been trying to get a small pullback in SSO to go long. And so it goes....
Oddlot

FXE (and everything else): as mentioned in post to which this replies, the cycles in gold have shifted; Currencies and gold have traditionally been highly correlated, and equities recently have be tied lockstep to the euro.

So, when the new set of GLD cycles is put on FXE, the targets of 120.5-121.75 are given by two separate calculations and the swing obj remain just under the mkt. Within tolerance, we are at the lows. This implies strength coming in euro, gold, and stocks. Bears beware!!!

Holding 1/2 unit DZZ(gold) and will probably take similar position in 2x etf for euro. Have been trying to get a small pullback in SSO to go long. And so it goes....
Oddlot

FXE (and everything else): as mentioned in post to which this replies, the cycles in gold have shifted; Currencies and gold have traditionally been highly correlated, and equities recently have be tied lockstep to the euro.

So, when the new set of GLD cycles is put on FXE, the targets of 120.5-121.75 are given by two separate calculations and the swing obj remain just under the mkt. Within tolerance, we are at the lows. This implies strength coming in euro, gold, and stocks. Bears beware!!!

Holding 1/2 unit DZZ(gold) and will probably take similar position in 2x etf for euro. Have been trying to get a small pullback in SSO to go long. And so it goes....
Oddlot

GLD chart with channels

GLD chart with channels

GLD chart with channels