Midweek Market Update – Aug 15th

Posted by Bob Loukas
On August 15, 2012

I find it hard to see Bernanke calling for a QE3 with the S&P at 1,405, Oil at $95 and a drought putting pressure on the grains. Sure the economy is headed into recession already, but the public only care about prices today. If you ask me, the market is putting a whole lot of expectation on Bernanke.

Posted by Bob Loukas
On August 10, 2012

But it’s not all bad, there does appear to be broadening participation with this most recent rally, as more miners are now showing bullish chart patterns than when miners were at the Investor Cycle high at the Week 3 top.

Posted by Bob Loukas
On August 8, 2012

In order to capitalize on those coming Cycles, we need to be prepared and ready to accept them. Getting constantly burned here will only lower your confidence and conviction to trade the eventual "real deal". Whenever you find yourself “looking” for a trade, it’s more often than not going to end as a losing trade.

Posted by Bob Loukas
On August 3, 2012

Lending support to a significant trend change can be found on the Monthly chart. Gold has crawled up the lower 10 year channel line for 3 months, failing to break below it. The consolidation from the 2011 highs, in terms of duration, has surely run its course by now. The decline from the top has been longer than the 2008 crisis and any preceding Top to Low of this Bull market.

Posted by Bob Loukas
On August 1, 2012

I know many of these divergences are not new, and the markets have managed to keep plowing higher despite all the surrounding evidence of weakness. I guess that just goes towards the general theme of complacency in the markets. We know the markets can go on ignoring the facts, until that day when it awakens and all of a sudden it’s as if nothing else matters.

Posted by Bob Loukas
On July 28, 2012

From an Investor Cycle standpoint, more of the same really. The past DCL does not even manage to register as a red candle, which is either a testament to the strength of this Cycle, or possibly a stealthy warning that the last of the “fool’s rally suckers” are about to be taken to the cleaners.

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Midweek Market Update – Aug 15th

Summer Love – Aug 11th

Mid Week Market Update Report – Aug 8th

More Of The Same – Aug 4th

Midweek Update Report – Aug 1st

Whispers and Lies – July 28th