Entries by Bob Loukas

Gold Weekly Cycle

February 3, 2016 in /by

With gold moving to $1,140 this morning, we’re finally starting to see bullish sentiment tick up noticeably. Last week’s COT report also showed there were still a number of leveraged speculators holding on to short positions. Rising sentiment and speculator short covering are fairly typical at this point within the weekly gold Cycle and indicative of the final rising portion of the Cycle.

A Bear Party Perhaps

January 11, 2016 in /by

Maybe 2016 will be the year when equity bears finally get to celebrate. Although I wouldn’t call an end to the “buy the dip” era quite yet, the current market has a different type of feel and vibe to it. Many people believe – and there is supporting historical evidence – that as January goes for equities, so goes the year. Bulls should hope this axiom doesn’t hold in 2016. The month is still young, but the first week of January ushered in the worst 5-day start to a year in the S&P 500’s history. The last time the market started a year this poorly was 2008, and we know how that turned out.