Midweek Market Update
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Entries by Bob Loukas
Dollar Swan Dive
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The Final Run
The coming bounce is going to reveal so much about this Investor and Yearly Cycle. This bounce should also be the final opportunity to make further all-time highs, for both this Daily and Investor Cycle. I believe any new high will mark the top of both Cycles, and from there it will be primarily down for another 1.5 Daily Cycles (60 trading days). As equities are well overdue to begin the decent into what promises to be a deep, corrective (at least -10%) Yearly Cycle Low, I have a suspicion that the coming bounce will fail to make new highs.
Midweek Market Update
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The FED Rejected
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Market Update Report
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FOMC – Market Message
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Losing Faith
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Midweek Market Update Report
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A New Cycle Approaches – Gold
Gold is down another $25 this morning, while Silver is taking the heaviest losses of the Cycle. As Silver led the Cycle and has for the most part avoided any significant decline, this must now be the final decline into the 2nd DCL. Traders should focus on the opportunity at hand and ignore the severity of the decline. The Financial Tap members know that this remains a normal and expected decline; they’ve been following the last few Cycles play out to expectations. In the past weekend premium member report I wrote:
“Until the current Daily Cycle completes, the immediate trend remains to the downside. We are 3-5 sessions from a low in the current 2nd Daily Cycle. This event is within our framework of expectations; Daily Cycles have ended every 24-28 days for many decades. When the next Daily Cycle (the 3rd) gets underway, I believe that the bear case for Gold will diminish considerably, and we’ll see a rush into the metals that will drive price significantly higher. “
