Gold flag and resumed equity smackdown
There is a fascinating confluence occurring at this time, a convergence of several indicators.
> The Dow Industrials have risen very close to their 50 day moving average, and also to the top 2 standard deviation Bollinger Band, and also to the top boundary of the large de
> gree declining trend-channel from October 3rd, 2018, all happening now, at the same time that there is a major Bradley model turn date ideally scheduled for tomorrow, January 17th +/- a few days, at the same time the Daily Full Stochastics are at an extreme overbought level, at the same time the VIX Full Stochastics are at an extreme oversold level. There was a very small change in the McClellan Oscillator Wednesday, suggesting a large price move is likely over the coming days.
Gold has consolidated it's move upward, pausing at $1300 resistance, holding that range well.
A renewed smackdown in equities should allow gold to resume it's upward trend.
Current positions are put options in major indices(SPY,QQQ,DIA), high beta leading tech equities (AMZN, AAPL), and positions in leveraged short index etf's.(SQQQ,DXD, SPXU) and leveraged etf's for gold silver,silver and miners.(USLV,UGLD,JNUG, NUGT)
El Heffe
> The Dow Industrials have risen very close to their 50 day moving average, and also to the top 2 standard deviation Bollinger Band, and also to the top boundary of the large de
> gree declining trend-channel from October 3rd, 2018, all happening now, at the same time that there is a major Bradley model turn date ideally scheduled for tomorrow, January 17th +/- a few days, at the same time the Daily Full Stochastics are at an extreme overbought level, at the same time the VIX Full Stochastics are at an extreme oversold level. There was a very small change in the McClellan Oscillator Wednesday, suggesting a large price move is likely over the coming days.
Gold has consolidated it's move upward, pausing at $1300 resistance, holding that range well.
A renewed smackdown in equities should allow gold to resume it's upward trend.
Current positions are put options in major indices(SPY,QQQ,DIA), high beta leading tech equities (AMZN, AAPL), and positions in leveraged short index etf's.(SQQQ,DXD, SPXU) and leveraged etf's for gold silver,silver and miners.(USLV,UGLD,JNUG, NUGT)
El Heffe
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