Gold D Wave completed, next !

The metals analyst with the big head insisted this be published.


Previous post Gold pullback now equals 1976 pullback

The D-WAVE from SmartMoneyTracker.com in the chart below.

Guess we shall find out if this time is different!

Chart from previous gold post.

And momentum needs to change!

Original Post: http://ift.tt/22ubr35

Is it time to get long crude oil?

Crude has crashed and most feel the current lower prices is a good time time get long crude, but is it?


Crude oil will not stay at low prices. OPEC nations will realize that over suppling the market to keep prices down to hurt Russia is not working. For the simple reason Russia's friend China has accepted more imports, to the detriment of Saudi Arabia. Oops!

However there are still dozens of oil tankers going around in circles in the ocean who have yet to give up the long trade and have yet to sell there oil back into a depressed market, further depressing prices.

Fundamentals are one thing, market technical readings are another.

We are Richard Wyckoff fans, so will be waiting for Wyckoff accumulation logic to prove that prices are ready to go back up, or at least stop falling.

Below are two technical readings to watch for, to show that things maybe improving for the bulls.

1) On a down swing volume is relatively less, than previous down swings. This means those that have purchased at depressed levels have no intention of selling their accumulated positions while prices are still falling, a very bullish sign. They know higher prices are near.

2) On a down swing implied volatility is relatively less, that the previous down swing. This means the heat is gone out of the battle to acquire options, and BID and ASK spreads find some sort of normal spread. This means there is less fear present. A down swing with less fear of lower prices by the market players is very bullish because they know that higher prices are very near (These ETF have no earnings dates).

In the charts below volume or implied volatility have not slumped during the latest down swing, therefore there is no evidence the depressed price period is over. Therefore thinking of getting long is only for those with deep pockets and no trade margin.

Charts below

USD ETF

DBO ETF

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Yen rally nearly done.

Every last point of profit has been squeezed out of the USDJPY move.


NOTE: The inverted FXY (ie +FXY with readtheticker.com) equals the USDJPY trend.

Trading plans to get great or even good returns on the long USDJPY trade in 2016 is unlikely. The move is long in the tooth and the energy from the Wyckoff 'Cause' looks done! The move was a perfect money maker, but nothing last forever.

This move involved selling the YEN and buying USD, this means the the long $USD or DXY trade will be losing a good friend. Traders knowing the $USD has little ground to make will start to build positions in opposite $USD trades like gold, silver and crude oil.

Yes the $USD can go higher, yes the USDJPY can go higher. The point is not far in our view.

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RTT browsing latest..

Please review a collection of WWW browsing results.




Date Found: Tuesday, 01 December 2015, 11:46:12 AM

Comment: RTT: $2.5 trillion of Debt at 0%, so if interest rise bankers or bond investors holding $2.5 trillion of looser investments! A world of pain!

Date Found: Tuesday, 01 December 2015, 12:01:24 PM

Comment: Jason Goepfert at SentimenTrader: “The smart money is long gold to a degree not seen in a decade"..

Date Found: Tuesday, 01 December 2015, 12:05:27 PM

Comment: RTT: You (public sheep) CANT handle the truth! So (Govt) will tell you something else!

Date Found: Tuesday, 01 December 2015, 12:12:45 PM

Comment: Dr. Paul Craig Roberts : TPP ("trade deals") & the New World Order : RTT bend over and touch your toes world!

Date Found: Wednesday, 02 December 2015, 02:35:32 AM

Comment: Karl Denninger-Yell Has No Choice But to Raise Rates youtu.be/ZoD4fC4PvFk

Date Found: Wednesday, 02 December 2015, 12:09:55 PM

Comment: All of this is to say that the third stock market collapse of this century is near at hand. The global economy is in the midst of an unprecedented commodity deflation and CapEx depression - the payback for 20 years of lunatic monetary stimulus and credit expansion. Monumental money printing has failed. Soon there will be no place to hide - not even in the Tremendous Ten.

Date Found: Wednesday, 02 December 2015, 08:29:27 PM

Comment: BUBBLE BLOW! Junk bonds at 2% never worked, no kidding!

Date Found: Wednesday, 02 December 2015, 09:55:00 PM

Comment: So assuming margins have peaked in this cycle, what does that mean for stocks? For the very simple answer we go to Credit Suisse according to which "equities peak 12-18 months after a peak in margins." Where are we now? "we are now 15 months after the peak in margins." RTT: It will be named the Obama Care recession!

Date Found: Thursday, 03 December 2015, 11:56:38 AM

Comment: .."Now the gap between real house prices and real earnings is even wider than it was in Housing Bubble 1. History (and common sense) suggest that housing prices will once again fall sharply until the black line of house prices is well below the red line of real earnings.".. RTT: Incomes could BOOM! Yeah Right!

Date Found: Thursday, 03 December 2015, 07:13:08 PM

Comment: Bigger picture, since the end of QE3, this pattern of divergence has been building...

Date Found: Saturday, 05 December 2015, 06:47:24 PM

Comment: More folks picking recession risk has increased see here : www.zerohedge.com...

Date Found: Saturday, 05 December 2015, 10:57:29 PM

Comment: Thats what a higher USD does for you. No consider the debt side or emerging markets...ouch!

Date Found: Sunday, 06 December 2015, 02:25:48 AM

Comment: Rydex Assets Sentiment Suggests Topping Market

Date Found: Sunday, 06 December 2015, 11:21:10 AM

Comment: "Any further appreciation of the dollar would additionally test the debt servicing capacity of EME corporates, many of which have borrowed heavily in US dollars in recent years," ..RTT: Higher dollar means larger debt repay by emerging markets, higher US interest rates means higher dollar, with larger interest bills.Emerging market debt bomb. Of course the demand collapse from slowing world growth (ie China) could pop it as well.

Date Found: Monday, 07 December 2015, 01:15:14 PM

Comment: WARNING FLAGS! youtu.be/4nqxY6lLOWQ

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Darth Trump Vader

Time for a funny at Christmas time!


It so stupid it is funny!

#joke #donald trump #funny #roast #president #your fired #darth vader

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