Midweek Market Update – Feb 25th
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Entries by Bob Loukas
Gold Just Needs More Time
The Gold market appears to be in reverse gear at present. It’s at fresh 6 week lows with a 2nd Daily Cycle that continues to wind lower, and is showing nothing that’s at all positive. Gold is trading very lethargically, and is uninteresting from most perspectives.
Gas It Up
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Midweek Market Update – Feb 18th
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The Show Goes On
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Cycle Chart Setup – Bonds
I doubt that’s what is occurring here, I still favor a standard Daily Cycle Low here that is likely to produce at least a powerful counter-trend rally. I say counter trend because the worst case scenario is that this coming Daily Cycle rally forms a double top before turning lower towards a true Investor Cycle Low. Regardless, a rally is forthcoming and we know in any bull market uptrend, the dips should be bought.
Midweek Market Update – Feb 11th
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Crude’s Capitulation Phase
New Member Sale On Now-
After a long and relentless decline, the Crude market has finally enabled us to anchor its Cycles. Up until 2 weeks ago, Crude was locked in a clear crash Cycle, which made it impossible to expect anything other than a continuation of the crash. But now that Crude has reversed with a 20% rally, its moves are clearly the start of new Daily and Investor Cycles.
Based on the duration and the extreme nature of the recent Investor Cycle decline, Crude’s new-found strength is almost certainly the start of a new IC. It’s impossible to know whether the current upmove will be only a counter-trend bounce, but because this is the 1st Daily Cycle of a new IC, we should expect the current DC to be Right Translated.
A Long Road Ahead
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Midweek Market Update – Feb 4th
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