Happy Halloween!
Happy Halloween!
Boy oh boy – I live for this stuff! Massive moves across the board and of course Thor is loving it. Before you guys head out and slip into your Halloween costumes I wanted to serve up a few more charts as we are seeing had significant developments across the board:
The E-Mini (and the S&P cash) just painted a new all time high – who would have expected that just two weeks ago? Well, we didn’t but we had the foresight to go long near 1860 and our accounts have been blinking green ever since. As I said – this thing is just getting warmed up. Today it’s going to be pretty much ramp & camp here and most likely we’ll be seeing a shake out next week. But the weekly is donning a brand spanking new buy signal and unless disaster strikes before the close it’s on the books.
GOLD!! Actually was looking at being long yesterday but to my credit I pointed out that being short below 1170 is recommendable. And we just breached that and a brand spanking new weekly NLSL. Wow this is huge! Just look at the monthly panel to grasp the significance of what’s happening here. The gold bugs are near a panic no doubt and this could easily fall off the plate. I expect some gyrations here at this major inflection points but being short with a stop above the 1237 NLBL is the name of the game now.
Two more juicy long term charts waiting below – please meet me in the lair:
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And now it’s time for you know what:
That’s right – Hefeweizen time! And we damn well bloody deserve it as we’ve played this advance (and the preceding sell off) like bosses. Allow me to take you out old school:
Prost!