Thread: Bear Cave 2 (Bull Allowed)

Minor Opportunity

by likesmoneystudies

The Miners formed a swing low on Thursday.

https://likesmoneycycletrading.wordp...r-opportunity/

This could be the most important chart of the century for investors

Published: Apr 26, 2018 2:08 p.m. ET

https://www.marketwatch.com/story/th...ors-2018-04-26



NASA's $1 billion mission to Jupiter may end this summer — here are the best images Juno has taken of the giant planet so far

NASA Juno probe's best photos of Jupiter before last planned orbits - Business Insider

We shall see! Waiting for the dollar to make it's next move... Long USLV and GDXJ....

Patience is a rare quality

During sideways markets like we’re in now the key to making money is patience. But let’s face it, most of you don’t have it, never had it, and are never going to have it. The average retail trader is a gambler always looking for the next trade no matter how poor the setup is. It’s why most people never make any long term money in the market. They over trade.

The current market environment isn’t conducive to trading right now. It’s very volatile and whipsawing. The best course of action is to let the market finish it’s consolidation and set up for the next leg up to 10,000. Unfortunately very few people will be able to follow that advice. They will jump in and get knocked out of the market over and over as they try to force trades in an erratic market. All they will accomplish is to lose money and have less to work with when the real move begins.

More...

https://blog.smartmoneytrackerpremium.com/

$GOLD | SharpChart | StockCharts.com

$SPX | SharpChart | StockCharts.com

The SPX needs to get back above the 10 dma and then the 50 dma.... Traders need to stay nimble and not place big bets long or short in my opinion.....

The whipsaws are going to continue I think.... The edge/odds are still with the Bulls over all, but one should still remain nimble. This is not the same market we traded in last year...

$SPX | SharpChart | StockCharts.com


The 4/29/18 Weekend Report Preview
by likesmoneystudies

Stocks formed a bullish reversal on Wednesday followed by printing swing low on Thursday, allowing us to label Wednesday as the half cycle low.

The formation of the half cycle low allows us to construct the daily cycle trend line. However since stocks closed below the lower daily cycle band this week, that signals that the intermediate cycle is in decline. Therefore any rally out of the HCL should remain lower than the previous daily cycle high of 2801.90

https://likesmoneycycletrading.wordp...eport-preview/

ANALYSIS, PERSPECTIVE, TRADING STRATEGY

A BULLISH ROBOT ALGO SNEAK ATTACK MAY BE NEAR

by Joe Duarte, April 29, 2018

I may be overplaying the contrarian card, but it looks as if the most under-loved stock market in the past eighteen months is setting up for what could be a fairly profitable trading rally. That’s because a little followed, simple technical indicator is flashing a bullish alert which the quants, the fundamentalists, the hedge funds, the mutual funds, the pension funds, the central banks and the CFA crowd of analysts and traders may be ignoring altogether.

https://www.joeduarteinthemoneyoptio...reports/TA.asp

QQQ | SharpChart | StockCharts.com

$SPX | SharpChart | StockCharts.com

Gold: Could I Be Wrong?

Summary

Gold – proxied by iShares Gold Trust ETF IAU - has come under renewed downward pressure since mid-April.

I present two key risks to my friendly outlook for IAU.

Despite these two risks, I argue that the macro backdrop for IAU should be sweet this year, leaving the uptrend in IAU intact.


https://seekingalpha.com/article/416...Roadblock=true

GLD | SharpChart | StockCharts.com

I added another small tranche of USLV at the open.

SLV | SharpChart | StockCharts.com

Dear .....

The following order executed on 04/30/2018 at 9:31 AM, Eastern time:

Account: xxxx
Transaction type: Buy
Order type: Limit
Security: CREDIT SUISSE AG NASSAU VELOCITY SHS ETN 3X LONG SILVER S&P GSCI NEW (USLV)
Quantity: 500 share(s)
Price:* $9.59

Clive likes silver too....

https://www.clivemaund.com/article.php?id=67

Posted on April 30, 2018

Miner Rejection

The dollar did form a daily swing high on Monday. A peak on day 8 does potentially set up a left translated daily cycle formation. However the dollar also closed higher on Monday.

So here is what we are looking for:
1) A swing low on the Miners to signal the daily cycle low.
2) Then a close above the triple resistance of the 200 day MA, 10 DMA and the declining trend line.
2) Bearish follow through on the dollar sending it into its daily cycle decline.

https://likesmoneycycletrading.wordp...r-rejection-2/

Sell in May? I don't use this data for trading, but some do. I'll be trading both ways, and when I like the setup I buy VXF or the S Fund. The VXF index is free trades at Vanguard. You can buy anytime during the trading day in real time.

https://investor.vanguard.com/invest...es-commissions

Introduction

Sy Harding introduced his seasonal MACD strategy in his 1999 book, Riding the Bear. Note that the S&P 500 peaked a year after this book came out. Hardings seasonal MACD strategy combines the six-month seasonal cycle from the Stock Trader's Almanac and momentum using MACD, which was developed by Gerald Appel. Basically, MACD is used to confirm or trigger bullish and bearish signals within the guidelines of the six-month cycle. According to the Stock Trader's Almanac, using MACD greatly increased the profitability of the seasonal system and reduced risk.

Buy Signal Recap:

Buy on October 16th if MACD is bullish.
Wait for bullish MACD signal if MACD is not bullish on October 16th.
Sell Signal Recap:

Sell on April 20th if MACD is bearish
Wait for a bearish MACD signal if MACD is not bearish on April 20th.

Six-Month Cycle MACD [ChartSchool]

$SPX | SharpChart | StockCharts.com

VXF or the S Fund...

VXF | SharpChart | StockCharts.com

https://personal.vanguard.com/us/fun..._redirect=true

A Golden Opportunity
Published May 02, 2018 - 7:30 AM
Gold has had a tough few weeks.

After peaking just above $1,360 per ounce in early April, the price of the shiny yellow metal has crumbled. It traded as low as $1,303 yesterday.

That’s a decline of more than 4% in just about three weeks. OUCH.

t seems far more likely, to me at least, that any further decline in the price of gold is likely to find support near $1,295. Then it will start the next rally attempt. And – should that rally push gold above the resistance line at about $1,365 – it could kick off a longer-term bullish move towards the $1,580 level.

It has been tough for holders of gold to watch the price decline over the past few weeks. But that decline is temporary.

Gold is likely to be much higher by the end of the year than where it is today. Traders should take advantage of short-term weakness to buy intermediate-term positions.

Best regards and good trading,


https://www.jeffclarktrader.com/

$GOLD | SharpChart | StockCharts.com

Dollar UP, Gold Down!

$USD | SharpChart | StockCharts.com

Originally Posted by nnuut

Dollar UP, Gold Down!

$USD | SharpChart | StockCharts.com

The odds are getting much better for a nice bounce for the metals/miners... This sector is a tough one to trade...

USLV | SharpChart | StockCharts.com