Recent Posts
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Read more: XLE Signals Its DCL as the Weekly Structure ImprovesPre-Summary XLE formed a swing low and closed back above the 10 day MA on Monday to signal Day 26 as the DCL. Bullish follow-through on Tuesday strengthens the new daily cycle as the weekly structure also begins to improve. XLE broke below the Day 23 low on Friday to extend its daily cycle decline.…
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Read more: Stocks Consolidate After Breaking Above 7600Stocks broke bullishly above 7600 before becoming stretched above the 10 day MA. The current consolidation is allowing the 10 day MA time to catch up to price while the daily uptrend remains intact.
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Read more: Precious Metals Are Stretched — Chase or Wait?Precious metals have signaled new intermediate cycles and the evidence is increasingly consistent with the advancing phase of new yearly cycles. Gold and the Miners have both broken bullishly out of consolidation and are forming right-translated daily cycles. However, both have also become stretched on the daily and weekly timeframes. For investors without a position,…
