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Gold Clues
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Gold Clues

by The MoleOctober 24, 2019

I see a lot of conflicting opinions about gold recently and since nobody wants to talk (or think) about equities every single day I decided to do a post about it. And what I found in the process was rather interesting. In order to tell this tale let’s first look at the one instrument with which gold continues to ‘enjoy’ a close correlation:

If you have been coming here for a while then you probably guessed it. It’s the Yen – depicted in the chart above as the inverted USD/JPY on top of the gold futures. We don’t really have to run a Co-integrated Augmented Dickey-Fuller (CADF) test to see that both instruments move pretty much in tandem.

And while gold is a much smaller market (and often harder to read) we are well served to pay attention to the various gyrations in the Yen. A rising USD/JPY practically means a falling Yen although there are times when a very weak or fast falling Dollar could give us a distorted reading.

Be this as it may, what I’m seeing on the hourly and daily chart is a break out attempt which is in the process of taking off but could easily revert for a final reset of the support zone clustered near 107.5.

However very few people who trade gold are really interested in the short term and are usually more focused on the long term picture as shiny stuff is considered a refuge of safety and value, particularly during economic turmoil.

That also applies to the Yen to some extent, not that you’d know looking at it over the past few years, as it is looking a bit more mixed. In fact it’s been stuck in a sideways rut for over three years.

More relevant to our golden endeavors is the monthly soft support zone near 105.5 and the much stronger monthly support near 101 and change. Since we are looking at a USD/JPY chart that means there is an argument to be made for a strong upside resistance to a rising Β Yen and ergo most likely also for rising gold futures.

Speaking of which, now it’s finally time to look at some gold charts! On the short term end we are clearly seeing a sideways consolidation after a short squeeze that ended in late August. It’s been red candles ever since but gold seems to have found support after a brief stint near 1475.

Now here is the one chart we’ve all been waiting for and probably the one that all the gold bugs are salivating over right now. I mean just look at this beauty – such a nice clean break out pattern, now followed by a retest of the ole’ 100-month SMA (which is still pushing sideways).

But to be honest it all looks way too easy to me. The Yen has not nearly fallen as much as gold has punched higher over the course of this year. And that’s fine of course – there is never a 1:1 correlation on the very long term.

However with the Fed back to its old POMO tricks you can color me a bit skeptical. I would very much like to buy a clean drop to GC 1485 (where the ST panel shows us a diagonal support line) and perhaps it would even be good for a short term punch higher.

Long term on the other hand I need a damn good reason to be long gold right now. I believe a much more profound shake out is necessary in order to chase off some of the weak hands. And by that I mean most likely a drop back toward the 1300 mark.

The alternative play would be to let the trend do the talking, which effectively puts us into a long position after a breach > GC 1550. I know – not very appetizing, but the odds would be much more in our favor.

Public Service Announcement

I won’t be posting tomorrow as I’ll be at the hospital for a battery of follow up tests. In case anyone cares: I am doing much better these days and have lowered my meds substantially over the course of the past two months.

During the worst of the worst about three months ago my doc had me on 9x5mg pills per day. I have gradually reduced that week after week and am now only taking one single pill. The blood panel of course will be the real judge, let’s hope it will also be the bearer of good news.

 


About The Author
The Mole
Mole created Evil Speculator amidst the chaos of the financial crisis in early August of 2008. His vision for Evil Speculator is a refuge of reason, hands-on trading knowledge, and inspiration for traders of all ages and stripes. You can follow him and his nefarious schemes at the usual social media waterholes.
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  • bankwalker
  • pepe

    Great post. Glad to hear that the recovery is bullish. Good luck tomorrow! πŸ™‚

  • http://gerb-reloaded.blogspot.com gold_gerb

    The blood panel will be fine. Be positive. πŸ™‚

  • http://batman-news.com RacerXX

    Blood tests? Right around Halloween? You making an offering to the “market gods”??

    Seriously, hope all is well El Senior Mole.

  • pepe

    All this talk about an eminent rally in the equities is a good opportunity to sell into relative strength I think. When I look at the SPX chart I only see another emerging rounded top with a potential pullback to 2,950. This while bonds are bouncing off support and yields are hitting resistance. And then we have the VIX nearing support at 13.50. My overall sentiment and trading optics is that we’ll keep vacillating until a firm breakout or breakdown on happens volume, which I’ve found is a trading environment that works well with my style (or at least has so far this fall). Let’s bank some coins today whichever way the market decides to run. πŸ˜€

    https://uploads.disquscdn.com/images/22e7ea31ee7e2c867f02b1d8cbf4a43e617c2988004f9bb0d502a4a7be3ab90a.png

  • Edgy
  • bankwalker
  • http://gerb-reloaded.blogspot.com Gold_Gerb

    ..whole Banking index down…WFC up by a nickel.
    https://wtop.com/wp-content/uploads/2012/08/259695.jpg
    Your Welcome Cyd.
    πŸ˜‰

  • http://gerb-reloaded.blogspot.com Gold_Gerb
  • Ronebadger

    Again, this is almost a perfect trendline…almost horizontal, with MACD & RSI divergences…we’ll see… https://uploads.disquscdn.com/images/1f82543aec48bfe4bf9d41c50a1767be8c1c8c625a74b867e39e99e78b4db1ec.png

  • pepe

    Brilliant indicator if WFC follows. Today might be the day. πŸ™‚

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    make no mistake, I cannot be bearish.
    9 months break-out to $52 is very easy.
    πŸ˜‰
    https://uploads.disquscdn.com/images/48a3acf7cf127b8bfebbc697b81b00f02574ab3aec36b407c9aeaedc2dc95538.png

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    Peeking at the minutely chart.

    https://www.youtube.com/watch?v=4B36Lr0Unp4

  • BKXtoZERO

    Glad you are feeling better Mole.

  • https://evilspeculator.com Sir Mole III

    Yes, I’m long EVL corp πŸ™‚

  • https://evilspeculator.com Sir Mole III
  • BKXtoZERO

    Up a cool 0.08 cents on today’s TVIX entry…. UGAZ small green. Green, Green, Green is what I try for.

  • BKXtoZERO

    Natty Gas on the move, NOV rally here we come…………… don’t be late.

  • BKXtoZERO

    One green candle makes a trend! ;/

  • Julie 35 – 25 – 36

    Chief Were glad that you are feeling better and now one pill per day. Also not too long agp you mentioned that you were gaining weight back. Great Chief !
    Cyd and JULIE

  • https://evilspeculator.com Sir Mole III

    Thanks girls! πŸ™‚

  • Julie 35 – 25 – 36

    Chief I have full function now of my hand following the operation in Denver.We hope that everything is OK with RW
    JULIE

  • Cyd

    WFC showing relative strength with BKX and SPX today. SPX today’s gap up sold into. A very interesting day. Work is busy but I am on top of it
    Cyd

  • https://evilspeculator.com Sir Mole III

    Good for you, congrats! πŸ™‚

    I have a band feeling regarding RW – he has not ever been absent for such an extended amount of time.

  • Julie 35 – 25 – 36

    Cyd and I have the same concerns. You guys mean a lot to us
    JULIE

  • http://gerb-reloaded.blogspot.com Gold_Gerb
  • https://evilspeculator.com Sir Mole III

    We are all getting older. Nothing lasts forever – which is why it’s important to enjoy this place as long as it lasts. To be honest over the past two years in particular I’ve been sacrificing a lot to keep it running – it’s definitely not a profit generator, probably more of the opposite If I count up all the expense and time spent.

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    only on vacations. but this was ‘the knife’.

    I’ve occasionally thought about setting up a dead-man’s email.
    But just my luck, my provider would kick of the notification early.

  • Cyd

    UUP continuing it’s journey north. We called this pop nicely.I still believe another leg down is possible.Watching 26.77 the declining 21 ema and 38.2% retracement from about 27.08 which is 26.74
    Cyd

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    If it wasn’t for your humor, and the scantily clad ladies…I’d be so GONE.
    πŸ˜‰

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    well, I was expecting a dead-cat (dollar) bounce.
    down with dollar, up with worthless equities!

  • Cyd

    Julie I probably have a little more time than you so showing what we are watching closely TLT The bounce off it’s 89 ema (holy grail). Watching the inset provided you can see the possibility of a minor h & s pattern in the making which will be more apparent on the intra day charts. So far holding it’s upturned 5 ema
    Cyd https://uploads.disquscdn.com/images/539546ad7111c1b0ce4d6fe58b9ee68463dcb0ec984022ecf4bbd6f25691c6b3.png

  • http://www.captainboom.com/ captainboom

    I only take one pill per day. Little blue one. Wife loves it πŸ˜‰

  • http://gerb-reloaded.blogspot.com Gold_Gerb
  • http://gerb-reloaded.blogspot.com Gold_Gerb
  • http://gerb-reloaded.blogspot.com Gold_Gerb

    good. make me a sam’wich.
    πŸ˜‰

  • bankwalker

    89 ema holy grail?

  • Cyd

    Julie going down to 10% long in my 401K and doing the same with yours.IMO a triple top in play at the overhead uptrend line.We can resume long fully upon a breakout. I have a sneaky feeling about a topping process.No harm no foul 10 % long and 90% cash at this juncture.The market has reacted rather dismally with the so far stellar earnings reported and this could be as good as it gets. Also reading all the gurus and their calls for all time highs I feel it is prudent to be on the other side of the boat. Way too many bulls on one side of the boat.We will be in 10% long and 90% cash tomorrow

    Cyd

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    I agree. but will not follow.
    chart won’t let me.

    pullback? sure – cross over? – not yet.
    https://uploads.disquscdn.com/images/b6adb18802684a845703ccff842183f1b558bfaf5933ab997904bb9904955eb4.png

  • pepe

    Prudent.

  • http://gerb-reloaded.blogspot.com Gold_Gerb
  • BKXtoZERO
  • http://gerb-reloaded.blogspot.com Gold_Gerb

    That’s the Spirit!

    DRV, tempted for long?

  • pepe

    WFC and XHB up on fumes; volume half of daily average with just one hour to go. Holding.

  • Julie 35 – 25 – 36

    Cyd I am busy with a client and take us down to 10% long and 90% cash.Like you say we can go back in with a breakout
    JULIE

  • http://gerb-reloaded.blogspot.com Gold_Gerb
  • Cyd

    Senor G we both have access to our retirement and individual trading accounts. If Julie can’t get you I will LOL!
    Cyd

  • bankwalker

    How could I have missed that? Sheeesh …

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    GG Busy at work – gonna throw out an early TimeCheck.

    L8terz.

  • Cyd

    @ Pepe XHB hey partner we are going to nail this MoFo.Pattern recognition observe the Full Stochastics 21,13,8 calling every turn for the past year. Julie and I are big on pattern recognition. Also observe the 34 and 55 lower bol bands have turned up
    Cyd https://uploads.disquscdn.com/images/cc9723f9968fbfa77ab4353b9930b02d26747e2c5e9c9762fa93c3381b6c43ed.png

  • http://gerb-reloaded.blogspot.com Gold_Gerb
  • Cyd

    We love the Holy Grail 89 LOL!
    Cyd

  • Cyd

    SPY holding it’s 5 ema. Look at the crap volume.yesterday and today denoting a lack of conviction.This is not breakout volume
    Cyd https://uploads.disquscdn.com/images/6f3f8a389a4afff4b343c2cec23d0e0ac980a572f251b97c26ba8a24d1878cc3.png

  • BKXtoZERO

    closed TVIX, usual small ding but HAPPY about Ol Natty Gas which I have a larger position on, TVIX leaving small

  • Cyd

    @ Pepe WFC getting darn close at strong resistance. WFC needs the lower 55 bol band to turn up ever so slightly with a reversal candle and the Joke is on the bulls.It’s coming to us Pepe and utmost patience and observation required. Volume diminishing https://uploads.disquscdn.com/images/18106d1611d2d5d390b491d7b923009b94eb8caad5a2eb1fad0722e82cb44b8e.png

    Cyd

  • bankwalker

    AMZN down 7+% after hours …

  • Cyd

    Let’s see if EXAS can pull off a double bottom off it’s 377 ema.Must first negotiate it’s 5 ema
    Cyd https://uploads.disquscdn.com/images/477ff40d88f6c0ecf5a3d6b6eccfe73d0d6fcb5468e7e3aa592fce077237bb7d.png

  • Cyd

    Senor G a followup on the railroads ($DJUSRR). Trading within Tuesday’s candle at an important resistance and 61.8% retracement overbought.Looking for a pullback to the downtrend line (backtest) matching the now advancing 21 and 55 ema’s Of special note the RSI went to 66.66 denoting a new uptrend in progress The before mentioned congestion zone to left of price is formidable. IMO we can buy the pullback UNP the Big Dog which has a similar chart. UNP today gap https://uploads.disquscdn.com/images/4919334dc4d07491faec3224ab13209c84f9fa2faba7959562b265aa53f16257.png ed up and subsequent gap up was sold into at resistance. Volume diminishing UNP on the advance from beginning of October

    Cyd

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    “nothing fast lasts”, today was a rest period. ema(5) wasn’t touched. notice the crossover of 21 & 55, oh yes. edit: bully.
    -GG

  • Cyd

    What is super important is both ema’s are up trending. Also eight closes above the 55

    Cyd

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    INTC ah,
    up 3.6%

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    everything is minor. above RSI 50 is where it’s at.
    LOL.

  • http://gerb-reloaded.blogspot.com Gold_Gerb
  • Cyd

    There is more something that Julie and I are privy too that Grizz taught us. Look for the 8 ema to cross above the 55 ema with CMF going positive. Denotes a new uptrend but when overbought then buy the pullback.This has occurred with UNP
    Cyd

  • Cyd

    Julie’s hand has really come along great. She can now play volleyball this winter which will be fun.She pretty much this summer not able to play softball which she excels. The last few years she was the MVP in our league at second base. I play the outfield and had 3 homers this summer LOL!
    Cyd

  • http://gerb-reloaded.blogspot.com Gold_Gerb
  • http://gerb-reloaded.blogspot.com Gold_Gerb
  • Julie 35 – 25 – 36

    GG The “Evil Empire” INTC poised to breakout with 2 ascending triangles. $SOX also has an ascending triangle
    https://uploads.disquscdn.com/images/68f68252e74fb9f38ec4a9da29eb296085a5a9d874736fefebb47653c60ec0c6.png JULIE

  • Julie 35 – 25 – 36

    Our Chief today discussing GOLD. GLD in a squeeze play with the convergence of the moving averages.The MACD is coiled too and GLD right at a breakout of a down trend line.GLD has surpassed it’s 21 ema with MACD crossing above it’s signal line. I would like to see more volume.A confirmed breakout of the down trend line coupled with MACD going above it’s center line would be a nice entry
    JULIE https://uploads.disquscdn.com/images/5991fd13afcc7afc8dbe7c9a80fad67779846333f35230a962718e21d2f25ebc.png

  • Cyd

    I looked at WFC message board and everyone is mouthing off on how it’s great and going to the moon.I have a 53 – 54 target if attained Someone there says it should be 150 LOL!
    Cyd

  • Cyd

    Latest COT report GOLD the commercials have reduced slightly their short exposure and open interest has declined since the early September top. The commercials are still heavily short
    Cyd

  • Cyd

    Speaking of gold miners Barrick Gold (GOLD) possibly breaking out of a falling wedge with a nice candle today accompanied by nice volume +3.62%A breakout with RSI and MACD breakouts with the possibility of the yellow metal rising with Julie’s chart below could yield a few bucks.A quick trade IMO per the COT commercials still heavily short position
    Cyd https://uploads.disquscdn.com/images/1d3198b0f409e02560eda6a4d51b0f5c549a47db80a095a3b4b8c079ace32c2b.png

  • Julie 35 – 25 – 36

    GG Cyd and I are at my house looking at charts and planning.Yup enjoying a glass of Merlot lol
    JULIE

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    cabernet sauvignon, pinot noir, merlot – all rotten grape juice.
    tried them all, Yuck.

    thanks for the cool air, winds are blowing sub 80.
    I forgot how good it was.
    πŸ˜‰

  • http://gerb-reloaded.blogspot.com Gold_Gerb
  • http://gerb-reloaded.blogspot.com Gold_Gerb

    I should have bought those calls.
    ah well, repeat after me “I am not a gambler, I am not a gambler”.

  • http://gerb-reloaded.blogspot.com Gold_Gerb
  • http://gerb-reloaded.blogspot.com Gold_Gerb

    ok, it’s a slow FRiday. so here’s a story.

    Does your trading life suck? Never give up. When all is hopeless, a nice German just might show up.
    You never know.

    πŸ˜‰

    https://www.youtube.com/watch?v=LpAJTURalIM

  • http://gerb-reloaded.blogspot.com Gold_Gerb
  • pepe

    Boy was I wrong in my read of the markets. Humbling to say the least but the first week in eight that I’m not banking coins but losing a few. Back to the drawing table after market close to reassess and look for new setups. And a few good new learnings to dig into. The first and most obvious is that I got greedy and focused on the money instead of my mantra of “trading well”. I’ve learned that when I focus on “trading well” I do well and the money follows. Nothing new for all intrepid steel rats on this eminent board. πŸ˜‰

    PS. That said, the fat lady hasn’t sun until close… πŸ˜‰

  • sutluc

    So are head and shoulders, cup and handles, and every other pattern that everyone can easily identify.
    Forks now…
    ….nope I don’t mess with those either, pretty sure they are from the devil.

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    Years ago, there was a lull in this forum. And suddenly everything was thrown out, and I mean everything. It was depressing and funny at the same time.
    Nothing had an edge. Nothing. It was to the point, that everybody was about to give up – on everything! – and then the Market started popping/hopping and all was forgotten.
    ‘money money money’.

  • BKXtoZERO

    I think that is when I started doing really well. The man in the VIX mask….

  • Julie 35 – 25 – 36

    Pepe Don’t feel that way A trade is never wrong if you know why you made the trade Only wrong if you don’t know why. If wrong then not wrong long.No one is perfect. Larry Williams a great trader says you can be right 50 % of the time and accumulate a fortune. His secret is don’t be wrong long.I believe GG explained this principle several days ago. Remember the sun sets only to rise again
    JULIE

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    any good news on the DRV front?
    chart didn’t have a tell, could have popped or dropped today.

    https://stockcharts.com/h-sc/ui?s=DRV&p=D&yr=0&mn=6&dy=0&id=p23082004823

  • sutluc

    I suppose. I mean rising wedges work in a market that wants to go down. They fail in one that wants to go up.
    So they kind of work.
    Problem is the people that go on about them always seem to expect them to work all the time, so they say things like “the market is going down now” and usually it doesn’t because they are trying to call a top based on a bearish personal bias.

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    that’s why system building is beyond.

    clinging to a single pattern, favorite indicator etc. can be damaging over the long haul. Especially if you aren’t tracking it.

  • BKXtoZERO

    I am out…. holding very small TVIX, even trimmed that again just now. I am in UGAZ and up…. trying to have vision for a move up past September high in November hopefully

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    Did Cyd short Hell’s Cargo?
    {GG whispers} you can tell us.
    πŸ˜‰

  • Mark Shinnick

    Pretty Cool that you could recognize this almost immediately in time-enough.

  • sutluc

    I could look at ES daily right now and say that that big ascending triangle is going to send us straight up to the moon.
    But I’m not going to do that either πŸ™‚

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    or you could say Monday is a New Moon, and reverse will happen then.
    πŸ˜‰

  • pepe

    I’m very upbeat about this whole thing as I view it just as a game. And I love new learning experiences, so much good stuff that will further my trading going forward. I really enjoy the whole process and work of trading. Thanks for the encouragements! πŸ™‚

  • Julie 35 – 25 – 36

    No GG She has not shorted WFC She posted a target 53 – 54 and will monitor
    JULIE

  • http://gerb-reloaded.blogspot.com Gold_Gerb
  • Julie 35 – 25 – 36

    XHB Important The lower Bollinger Bands have turned down (bullish) and 5,3,2 Full Stochastic has turned back up above 50 which denotes internal strength
    JULIE https://uploads.disquscdn.com/images/dc18612f38127a0f22e1c04bbbbfd1c5892b27744ba13eecf2ef291432396265.png

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    Cool.
    If she was any more biased that day, we could have changed her name to BFGoodrich.
    πŸ˜‰

  • Julie 35 – 25 – 36

    GOLD A followup Not yet Guys Has not broken out of falling wedge BUT EXAS a follow thru today on a possible double bottom off it’s 377 ema and would like to see a close above it’s 5 ema
    JULIE https://uploads.disquscdn.com/images/da97ee83e340d6df72a4fc5b2e581c085d43eb94ee935747f883418ae46fa24c.png https://uploads.disquscdn.com/images/6e7cf96227e0e45763c52a08947f3df6b60464aa827a10e37bb97ac80b65c9f6.png

  • Julie 35 – 25 – 36

    Guys $TYX The 30 year yield which mortgage rates are derived.The home builder bulls are banking on rates falling again $TYX now up into it’s 89 ema and a downtrend line BUT Full Stochs 5,3,2 have turned up at 50 A breakout above the 89 ema and the downtrend line next hurdle is the 144 ema and associated resistances. A breakout above those and higher highs and higher lows within a possible channel denoted in green dotted lines will preclude the advance XHB You can observe the home builder Bulls expecting rates to fall gain
    JULIE https://uploads.disquscdn.com/images/66b7aa72208f77fbd7f014b8f71cf53c5fca0678d7188c76a1e27cc3e9eece0a.png

  • Julie 35 – 25 – 36

    SPY Let’s see how this breakout resolves with this puny phony ass volume Friday’s are usually neutral to positive BUT Monday’s are the worst performing days of the week historically
    JULIE https://uploads.disquscdn.com/images/6a80d83e0e96683b6b0703f0b76da87e8ee49453fcc8dc07d26030875c53e519.png

  • evilasevildoes

    close will be intresting astro says inflection 1 minute to close

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    Never stand in front of a
    A) Grizzly
    B) Train
    C) 30-06
    D) All of the Above

  • Julie 35 – 25 – 36

    SPY 60 min chart A minor bull flag developing above VWAP on decreasing selling volume. Overall volume today so far very “Poopy” Will this bull flag morph into something more serious ? https://uploads.disquscdn.com/images/214655a75a5b5ec2cacf18c915716c638910e3c04aefb3e2714cecf3d3bc710c.png
    JULIE

  • BKXtoZERO

    If they are that good, then ask them where my missing 14mm deep socket is….

  • http://gerb-reloaded.blogspot.com Gold_Gerb
  • http://gerb-reloaded.blogspot.com Gold_Gerb

    ROFL.

  • Julie 35 – 25 – 36

    GG … What you were mooned ? Please explain lol!
    JULIE

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    89 may not be the Holy Grail.
    the Lunar orbit is 27.3 days * Pi (3.14) = 85.7 days.
    =P
    -LooneyGG

  • Julie 35 – 25 – 36

    Sorry GG Please recalculate .3.3 X 1 = 3.3 Now add 3.3 and 85.7 You get 89
    JULIE

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    silly me. you’re right.
    I waivered in my faith.
    https://i.ytimg.com/vi/_o2EQJdzx04/hqdefault.jpg

  • pepe

    Haha. I had one of those and then shifted to the HP-11 (as it was cheaper than the HP-12) the day it met it’s fate when hitting my childhood room wall, aggressively thrusted by yours truly’s right hand across my desk when I failed to understand some calculus. Still have my old HP with manual and all. Brilliant design; taught me how to use stacks et cetera. I’m much calmer these days btw, taking losses with a shrug. :p

  • evilasevildoes

    U.S. CRUDE OIL FUTURES SETTLE AT $56.66/BBL, UP 43 CENTS, 0.76%

    imagine that 56.66

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    HP-11C?
    Yes, I remember those in my HighSchool Physics class.

    https://americanhistory.si.edu/collections/search/object/nmah_1692041

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    I was solar before it ‘was cool’.
    http://www.geocities.ws/rinconcentral/Calculator%20Collection%20103.JPG
    Money for batteries? are you Fucking kidding me!!?

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    pure evil.

    “and a third of the angels were cast out” = 0.666
    wait, that’s TWO/THIRDS.
    πŸ˜‰

  • Cyd

    Senor Gerb I just came on board Julie is correct. We both went to the same schools from elementary through college together and I got straight A,s in math

    10.0 – 0.1 = 9.9

    9.9 divided by 3.0 = 3.3
    3.3 + 85.7 = 89
    LOL!
    Cyd

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    Cyd, You poor thing. Helping the disadvantaged is an honorable thing tho.
    πŸ˜‰

  • Cyd

    The holy grail 89 lives on. The legend that never dies LOL!
    Cyd

  • http://gerb-reloaded.blogspot.com Gold_Gerb
  • Cyd

    Wall Street is doing everything possible to get retail to buy this Friday breakout SPY.ascending triangle 50 minutes left in today’s trading and still a breakout failure is possible. As Julie has pointed out volume very poor. Notice that the lower bollinger bands have all turned down. Very crucial to watch the MACD down trend line for a breakout
    Cyd https://uploads.disquscdn.com/images/c9adc816d8364aeed863804b13d42ad217d69e8628a01eea19378200b9b98d93.png

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    speaking of 89, if you MUST short WFC.
    wait for this magic ratio. 1.95?
    IMHO.
    it’s worth a shot. wrong, not wrong for long and all that.

    https://uploads.disquscdn.com/images/4f60836ef61620d73b7d15dcf795a4e9ab0f83f953644d5925596dff6e74bdbd.png
    The Market is variant, but priced in dollars which are also variant. Maybe Mark can clear it up.

  • http://gerb-reloaded.blogspot.com Gold_Gerb

    wait, you’re using horizontal lines too?
    where did that sexy curve Go?

  • Cyd

    Buying some EXAS See inset strong day above 5 ema on a follow thru.with nice volume https://uploads.disquscdn.com/images/0f1bdab2bc1fc218b3f74bf206b530a4539fcddd64f462a04e6ae7c1b02b74fc.png Double bottom off 377 ema and near a strong support zone oversold. Will monitor @ down trend line and 21 ema Cyd

  • Cyd

    The sexy curves are the bollinger bands.The sexy curves are all in the right places. Senor Gerb have a great weekend
    Cyd

  • Cyd

    WFC target 53 -54
    Cyd

  • http://gerb-reloaded.blogspot.com Gold_Gerb
  • Julie 35 – 25 – 36

    Guys SPY Follow up on 60 min chart posted below. SPY 10 chart the bull flag now bouncing off 10 min upper cloud and above VWAP combining 60 min and 10 min charts.Buying volume on 10 min chart increasing confirming bull flag 10 min MACD above centerline and RSI holding 50 https://uploads.disquscdn.com/images/c9ac0aa8ecf4233c55c2e6a751ee527970580ff3c512938cdab8f5daaeda508f.png Everyone Have A Nice Weekend
    JULIE

  • Julie 35 – 25 – 36

    Guys SPY closing above 301.60 is bullish … 301.48 is my VWAP
    JULIE

  • Mark Shinnick

    bot some drv. Other housing still near high’s.

  • Julie 35 – 25 – 36

    SPY closing above 301.60 is bullish
    JULIE

  • BKXtoZERO

    I backed off and am open to upside. Daily chart shows stick saves…move up looks ready for more knocking the 3rd time.

  • Cyd

    DRV today a gap up and go with nice volume closing near it’s HOD
    Cyd

  • BKXtoZERO

    IYR may be just back testing the 94 break out level…. I sound like a bull today so this must be the top.

  • Mark Shinnick

    RE…so il-liquid. Will be uniquely trapped given any debt problems….but are there any real debt problems?

  • http://gerb-reloaded.blogspot.com Gold_Gerb
  • http://gerb-reloaded.blogspot.com Gold_Gerb

    https://www.youtube.com/watch?v=aNa3Co83_gk
    “What is your profession!?”

  • Cyd

    BAC 5 trading days prior the age old trick of gaping up over resistance.Now going into top of a parallel channel drawn RSI @ 73 Full Stocks overbought and volume diminishing since breakout.Looking for a back test of broken resistance now support. Also you can see MACD the last year ranging +2 to -2.BAC could be interesting here. BAC is the “Big Dog” and if it pulls back here WFC should follow pin action Also BAC epitomizes BKX
    Cyd https://uploads.disquscdn.com/images/f0923e615c7b4d74a6fda78732dc5b788c5589d2ae844cd8c21ead2d18aa06fe.png

  • Cyd

    Senor G UNP and the railroads that we discussed As proposed want to buy a pull back to the up trending 21 and 55 ema’s meeting the broken uptrend line in a back test. Overbought and MACD range previous year +7.5 to -7.5.Breaks above 172 and change probably will retest JUly high approx 179.Checkout the volume today and yesterday.IMO a pullback to get on board is imminent
    Cyd https://uploads.disquscdn.com/images/7354e73985e63acd1645ddec7978a07f81b796fd0756677e01954cd56f8fe2c6.png

  • Cyd

    I computed two extensions BAC
    1.414 ext is 31.63
    1.618 ext is 32.27
    Cyd

  • Cyd

    The market is now supposedly going into strong seasonality especially for the small caps which are beginning to outperform.Remember last year Oct to Christmas.This is going to be exciting.A repeat of last year …..! Anybody’s guess Going to be fun as the gurus are all bullish.Either way Julie and I will be planning. Plan the trade and trade the plan.

    Cyd

  • Cyd

    Leaving the office now and all you fellas have a nice weekend. Going to start getting cold in Bozeman and the Wonderful Big Sky.Temps to drop to 0 soon and not going to get above freezing with more snow expected. Love it Great for hunting,ice skating , skiing and all winter sports

    Cyd https://uploads.disquscdn.com/images/03e258d34eaf1fd660497fb5b0cf4a6f6d2c4ed662393d39a690ae2dceeb2bee.png

  • Julie 35 – 25 – 36

    GG and Guys. UNP We expect profit taking shortly going up into resistance overbought and very “Shitty” volume the last 2 days.Now of important significance is the rally from the beginning of October.See the lower channel at 150 commencing the upswing which was the lower boundary of the Weekly Ichi Cloud.We missed the rally but that’s OK as one can’t watch a zillion things at once.UNP is above both the daily and weekly clouds and the daily cloud to the far right has turned green which is bullish. Also bullish is the conversion line (8) is above the baseline (21) Now Cyd showed a target on a pullback being the 21 and 55 ema’s coinciding with the downtrend line. This is further augmented by the daily upper cloud boundary. If UNP goes below this initial target then the baseline (21) comes into play.One caveat as one must always consider the alternate scenario is that this still could be a bearish rounded top on an oversold bounce
    JULIE https://uploads.disquscdn.com/images/9f6bf4d87e0aa779466ee37c01ffaecec19325365340c77cb3e334456caec556.png

  • Julie 35 – 25 – 36

    CNN Fear and Greed Index Getting a little greedy now and can go higher.Message boards and the so called pro’s seem to be all bullish in unison
    JULIE https://uploads.disquscdn.com/images/e971786ef1801a211de98e210bbb6b867bc6d447a70a2d360df3d0cd506589d6.png

  • http://gerb-reloaded.blogspot.com gold_gerb

    excellent. there is room for more. i wonder when the August dip buyers will sell?

  • Julie 35 – 25 – 36

    GG They probably were freaked out at the Sept high breaking below a lower trend line. A question would be did they get back in with the Oct rebound ?
    JULIE

  • http://gerb-reloaded.blogspot.com gold_gerb

    cold as a witch’s tit.

  • http://gerb-reloaded.blogspot.com gold_gerb

    very good Q. I think they did. remember – Not QE4.

  • http://gerb-reloaded.blogspot.com gold_gerb

    These oscillations in the Market. It doesn’t matter. They own it all. Its entertaining, for them.

  • Julie 35 – 25 – 36

    GG Cyd and I think this market could go either way. There are good reasons for both.We are now 90% cash and 10% long equities in our 401K.s.Right now safety is the better part of valor. If the market dumps were in a position to benefit. If it sky hooks then we get back in our 401K’s We have long and short candidates ready to go either way
    JULIE

  • http://gerb-reloaded.blogspot.com gold_gerb

    Yes, Grizz has taught you well.

  • Julie 35 – 25 – 36

    GG The show Bachelorette they are having an upcoming show featuring single Hotties over 50. I submitted Cyd with pictures on the application.I have heard back and she is definitely being considered. GG She does not know so we had better expunge this post. Unreal if she is selected as she has an excellent chance for selection according to what I received back. Again we better delete this post. Tonight she is at a football game
    JULIE

  • Cyd

    Checking the blog before retiring for the evening. SPY volume was greater at Thanksgiving last year than now. This market is going to fall under it’s own weight
    Cyd https://uploads.disquscdn.com/images/6cf106b4aaf0708d61de560e404e6cdcdc71b4acb49000ab76c5f9fa69f8290a.png

  • Cyd

    And as spicy as a witch’s brew LOL!
    Cyd

  • Mark Shinnick
  • http://gerb-reloaded.blogspot.com Gold_Gerb

    DOW tagged 27K this week.
    Beware of sudden price moves upward.

    While the zigzags have been horrendously volatile, the trend continues.
    SPX – 3067 conservative target
    https://uploads.disquscdn.com/images/f11936129609ec0a3e32699db88052144acaf27563b000e0a548b58ce29c218c.png
    -BuGG’s

  • Ivan Hrusovsky
  • Mark Shinnick

    Halloween?

  • http://gerb-reloaded.blogspot.com Gold_Gerb
  • http://gerb-reloaded.blogspot.com Gold_Gerb
  • Ronebadger
  • http://gerb-reloaded.blogspot.com Gold_Gerb
  • BKXtoZERO

    And the award to the guy holding the single biggest Sunday Night Gainer (yet again) goes to BKXtozero! Look at the Natty Gas go!!!!

    Another Bundy Sunday FUNDAY!

    https://uploads.disquscdn.com/images/38126f58404dc487feeb6c4b0d25757bafd4992a225298c1d55c1c7bb4e9e2a5.jpg

  • Mark Shinnick

    I believe it, and charts like this, were more meaningful before QE began corrupting all the natural cycles.

  • http://gerb-reloaded.blogspot.com Gold_Gerb
  • https://evilspeculator.com Sir Mole III

    Hey guys – I’m running behind an hour as Europe has not yet changed over to regular time. Working on a post.

  • Darkthirty

    You’ve been partying with the wrong wiccans!