The 8.6 year global cycle model of Marty Armstrong nailed almost perfectly the exact top in the IYR real estate index in February 2007. The exact date was February 25th, 2007. I find it quite fascinating that his 8.6 year cycle model nailed the exact turn in the real estate market and yet it appears … Read more
A recent report was sent out by Marty Armstrong on January 5, 2011. It is a worthwhile read as he discusses a little bit the June 13, 2011 turning point and also talks about gold and some other markets as well. The middle of page 3 is a good place to start. He clearly describes … Read more
The GLD ETF today gave a good signal that it really wants to reject the 129 range which is the bottom of the current extended trading range. Today’s price action in the GLD ETF is the type of helpful clue that says GLD should be able to work its way higher to the top of … Read more
The Nasdaq Composite appears to be on a mission for 2850 to 2900 range, possibly in blow off or parabolic fashion. The nasdaq today did a key reversal hammer after a several week consolidation and could imply a big move up that kicks off tomorrow. I am considering the possibility that the nasdaq will ‘run’ … Read more
I have studied all of the uranium mining stock price charts for a couple weeks now and URRE Uranium Resources looks like the cleanest chart to me and the most timely in terms of risk reward. I am adamantly bullish on URRE right now and long since yesterday. It is a beautiful consolidation pattern. URRE … Read more
The sp500 did not waste any time getting up and through 1303 today so far. How we close today is still an open question but the strength is undeniable. This market continues to trade with unstoppable confidence. It is tempting to short these types of markets but it is not advised. BestOnlineTrades since September 2010 … Read more
The sp500 is already trading at 1300 again. BestOnlineTrades.com a few days ago suggested that after the 1/28/2011 decline the market would snap back sharply and then would come the moment of truth. The market has snapped back very sharply exactly as we have suggested and very similar to the manner in which the market … Read more
The spot gold price is still holding above the 1314 support range despite the recent days violent volatility that kept traders guessing if we would get a support range break down or confirmation of holding support. I suspect a lot of sell stops have been triggered at the bottom of the range near 1314 level … Read more
Today the sp500 finished creating its January Monthly price candlestick. The January candlestick finished with an up close and without having created any bottoming tail. A medium to smallish size topping tail was created on the January candlestick by the end of the month. The market was able to evade the creating of a bearish … Read more
The sp500 today is getting hit very hard especially within the context of the previous multi month ‘trickle up’ tape action. It remains to be seen how the market closes today but this is clearly a sign of weakness and supply coming into the market. At 2:11pm the volume on the SPY ETF is close … Read more