The Shakeout Begins

Posted by Bob Loukas
On March 3, 2019
bitcoin, Cycles, Dollar, GDX, Gold, miners, Silver

Well we knew it would eventually come, right? We know that just about every single Investor Cycle shows us a Failed Daily Cycle at some point, no matter the strength and length of the Cycle. Looking at the chart below we can see that gold has closed below the prior Daily Cycle Low and has now failed. The Cycle count is also early enough here (Day 11) were significant downside damage could be done within a relatively short two to three week period.

Midweek Member Update – Feb 27th

Posted by Bob Loukas
On February 27, 2019
Gold

My midweek update for The Financial Tap covering Covering Gold, Equities, Crude Oil, $USD, and Bitcoin

Weekend Report – Feb 22nd

Posted by Bob Loukas
On February 21, 2019
bitcoin, Cycles, Dollar, GDX, Gold, miners, Silver

Video weekend report coming early as I will be away for the next 4 days.

Keep on Chugging

Posted by Bob Loukas
On February 18, 2019
bitcoin, Cycles, Dollar, GDX, Gold, miners, Silver

This might explain the strength we've seen and why the market simply smashed straight through the 26-week moving average with little resistance. Yes sentiment has completely recovered and the market has become overbought, but still not grossly so. With Cycles this past decade frequently going into the 30+ week range, I would caution the Bear market callers into waiting for confirmation and to respect the strength of this market.

Midweek Member Update – Feb 13th

Posted by Bob Loukas
On February 13, 2019
Gold

My midweek update for The Financial Tap covering Covering Gold, Equities, Crude Oil, $USD, and Bitcoin

Coming Up For Air

Posted by Bob Loukas
On February 10, 2019
bitcoin, Cycles, Dollar, GDX, Gold, miners, Silver

The potential top of the 1st Daily Cycle has left behind a doji topping candle. The move also rallied to touch and then be rejected initially by the 26-WMA. With a likely top of the 1st DC, a move lower of a week or two should be expected, before the 2nd Daily Cycle kicks in to take stocks higher and through the 26-week moving average. I do not expect much deviation from this type of scenario, and it's not until the decision point comes mid-way through 2nd Daily Cycle that multiple price scenarios begin to come into focus.

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