Archive for November, 2011

Wed Nov 30

30 November 2011 - 4:07 pm UTC

Xmas Rally Buy Squad short squeezefest: Mission Accomplished…

SP500 8 hr inverted H/S confirmed and shorts get cooked once again.

REMINDER: MORE FREQUENT UPDATES ARE ON TWITTER FEED.

SP500 buy support returns and back to SP500 8 hr inverted H/S
scenario (ie bullish)

SP500 / Gold / Silver intra day charts revert to neutral chop with
no consensus.

If short covering has ceased then SP500 downtrend can resume.

EURUSD short 1.3481
USDSGD short 1.2962 [c 1.2849]
AUDJPY long 77.774 [c 77.895]
XAUUSD long 1706.70 [c 1708.34]

Tues Nov 29

29 November 2011 - 3:31 am UTC

SP500 weekly updated megaphone showing the large head and
shoulders forming. All bearish patterns.

 

SP500 / Gold / Silver intra day charts remain bullish.
XAUUSD long 1706.70
XAUUSD long 1712.10 [c 1710.85]

Mon Nov 28

28 November 2011 - 12:30 pm UTC

Equity rally warning issued since Nov. 24 strengthens further today due
to short covering.

CRUDE daily chart bearish signal on Nov 24 invalidated due to equity rally.

GOLD and SILVER upside continues.

Prospect of equity xmas rally strengthens further.

AUDEUR long 0.7307 [c 0.7441]
GBPJPY long 119.76 [c 121.43]

Fri Nov 25

25 November 2011 - 12:51 pm UTC

USDJPY protracted basing continues and good upside expected eventually…

Prospect of equity xmas rally strengthens.

Prospect of equity xmas rally continues.

AUDEUR long 0.7307
GBPJPY long 119.76
NZDUSD long 0.7405 [c 0.7400]

Thurs Nov 24

24 November 2011 - 9:18 am UTC

European action today with US closed due to holiday, reveals the
increasing global instability and conflicting market consensus. This
is yet another warning that the next crash will be severe and worse
than 2008.

Gold / Silver upside expected with the equity rally.

USD sell pressure continues and potential for equity xmas rally
strengthens.

USD sell pressure continues.
Prospect of equity xmas rally continues.

Prospect of a xmas rally returns once again.
USD sell pressure still applies and EURUSD bullish spike awaits.

USD selling continues for now (which supports stocks)

NZDUSD long 0.7405

Wed Nov 23

23 November 2011 - 10:05 am UTC

USD selling returns… (which supports stocks)

SP500/DOW/NASDAQ downtrend on daily chart strengthens.
Opposite for USDX.

Reminder: Gold and Silver daily chart bearish signal continues and
further downside expected.

Despite buy support, SP500 daily chart bearish momentum continues.

SP500 buy support continues.

The Equity Xmas Rally Squad Are Back Again.

REMINDER: SP500 monthly remains bearish and USDX weekly remains
bullish so it’s only a matter of time until the market makes its move.

Equity selling pressure increases in aftermarket and prospect of xmas rally
looks unlikely now.

AUDJPY long 75.020 [c 75.001]
NZDUSD short 0.7473 [c 0.7417]
USDCHF short 0.9138 [c 0.9142]

Tues Nov 22

22 November 2011 - 2:29 pm UTC

Prospect of a Xmas rally returns.

We may get a pullback (ie bounce) after all.

Looks like SP500 bearish daily chart is too dominant for retracement.

No pullback yet : (

SP500 intra day is now oversold after sell off yesterday so we should get
a bounce.

USDCHF short 0.9138
NZDUSD short 0.7456 [c 0.7461]
USDCHF short 0.9147 [c 0.9147]
USDCHF short 0.9130 [c 0.9127]
USDCAD short 1.0388 [c 1.0392]

Mon Nov 21

21 November 2011 - 5:57 pm UTC

Market consensus appears to have returned and SP500/DOW/NASDAQ
bearish megaphone pattern on daily and weekly charts confirms today.

Gold and Silver daily charts bearish signal continues and further downside
expected.

REMINDER:
SP500 etc bearish daily chart is increasingly influential and megaphone wedge
continues to warn of big move ahead.

REMINDER: SP500 monthly remains bearish and USDX weekly remains
bullish so it’s only a matter of time until the market makes its move.

USDCAD short 1.0388
NZDUSD short 0.7499 [c 0.7463]
NZDUSD short 0.7501 [c 0.7495]

Fri Nov 18

18 November 2011 - 3:33 pm UTC

Bulls may get a Xmas Rally after all ?

SP500 buy support returns…

Cash market opens and SP500 bearish daily and USD bullish weekly
charts strengthen.

Overbought USDX still needs to retrace, so bullish stocks.

USDCZK short 18.824
GBPNZD short 2.0766 [c 2.0739]
USDCHF short 0.9146 [ 0.9118]
USDCHF short 0.9168 [c 0.9147]
XAGUSD long 31.815 [c 32.061]
XAGAUD long 31.580 [c 31.872]

Thurs Nov 17

17 November 2011 - 6:48 pm UTC

SP500 bearish daily chart is confirmed despite overbought USD.

Pesky USD still wants to retrace which should be bullish stocks.

EURNZD / EURAUD daily charts revert to bullish.

Reminder:
SP500 bearish daily chart is increasingly influential and megaphone wedge
continues to warn of big move ahead. Gold and Silver daily charts bearish
warning strengthens and further downside expected.

USDCZK short 18.883 [c 18.890]
XAGUSD short 32.984 [c 32.578]
EURUSD long 1.3515 [c 1.3508]
XAGUSD short 33.520 [c 33.013]
EURNZD long 1.7608 [c 1.7730]