Archive for June, 2012

Sat June 30

30 June 2012 - 11:27 pm UTC

Any traders predicting a multi month equity rally apart from me ?
As of today I am.
Last week was the turning point.
Further equity upside & USDX weakness expected this year.
However the SPX big picture remains very bearish and unfortunately
this will not change.

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Fri June 29

29 June 2012 - 12:10 pm UTC

Yes, as of today USDX bearish daily chart indicates good equity upside
ahead.

Due to bullish eurozone news & short cover spike today, SPX & EURUSD
daily charts now give bullish warning & USDX daily chart gives bearish
warning. This should result in more equity rally.

Thurs June 28

28 June 2012 - 4:22 pm UTC

Bears are back in control and SPX choppy daily & weekly charts revert to
bearish.

Market dislocation & fluctuating consensus gets worse.
This market could go in either direction this week…

As mentioned, SPX big picture remains bearish: unfortunately this
won’t change.

Wed June 27

27 June 2012 - 5:18 pm UTC

SPX buying & USDX selling continued today and more expected this
week imo. So EURUSD bounce is expected.

Significant USDX selling noted & we know what that does…

Market dislocation and lack of consensus worsens.
European StockBears are now dominating.

Tues June 26

26 June 2012 - 11:17 pm UTC

Yep, equity bulls are dominating now.

SPX buyers return and show strength.

Market dislocation and lack of consensus worsens.

DOW choppy daily chart shows possible H&S (ie bearish) and weekly
megaphone chart enclosed below could be bullish or bearish.

Twitter Updates

Mon June 25

25 June 2012 - 10:53 am UTC

SPX 8 hour leg down reverts to sideways chop & SPX buying noted.

SPX 8 hour chart leg down commences.

USDJPY leg down commencing.

Gold and Silver are forming a base for an upleg.

Sun June 24

24 June 2012 - 3:16 pm UTC



DOW weekly chart shows uncertain market & fluctuating consensus with
likely bullish pattern contained within megaphone wedge.

Thurs June 21

21 June 2012 - 12:40 am UTC

Thanks to eurozone developments we get a mild waterfall sell off &
importantly another Wile E. Coyote warning…
SPX weekly chart bearish warning has also returned.
 

SPX intra bearish warning returns & hopefully we can have a
pullback.

SPX very choppy bullish daily chart dominates.

CADJPY – GBPJPY – EURJPY – USDJPY daily chart bullish
warning strengthens & more upside expected.

SPX intra day bearish warning is conflicting with bullish daily chart,
thus mixed signals.

USDJPY daily chart bullish warning.

SPX & AUDUSD intra day bearish warning – from overbought levels.

CADJPY & EURJPY upleg on daily chart commences.

Twitter Updates

Tues June 19

19 June 2012 - 7:48 pm UTC

SPX bullish daily chart strengthens further.
Sat June 16 analysis still applies.

AUDJPY shows bullish daily chart & upside ahead.

Sat June 16

16 June 2012 - 4:59 pm UTC

Rally warning continues.
SPX / EURUSD / GBPUSD / AUDUSD / GOLD / SILVER bullish
warning on daily charts strengthened further on Friday.
Further upside expected.
Shorts will be squeezed next week onwards.
DOW initial target approx 13,170 & more upside after that.

USDX bearish daily chart strengthened further on Friday &
further downside expected.

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The SPX big picture remains very bearish and unfortunately this won’t
change. Market intevention only postpones the major crash, it can not
prevent it. This deferment also ensures the inevitable crash will be even
worse.

Monthly USDX indicators continue to warn of significant long term US
dollar upside.