I have Bonds (TLT) on day 7 of what should be the first Trading Cycle out of the Yearly Cycle Low in late December.
My first chart is a 7 year Weekly showing where the YCL found support. My second Daily shows the close up price action. I do expect TLT to test / breach my red YC down trend to confirm the YCL has been left behind.
I started buy back JO today where support may have been found at the 50ma. I added back some of the shares @ 21.12 that I had taken partial profits at the blue uptrend break a few days back. My second weekly 2 year provides an update on the Cup … Continue reading →
Stocks (SPX): https://surfcity.co/2017/01/31/spx-trading-cycle-5/ USD: https://surfcity.co/2017/01/31/usd-trading-cycle-update-4/ NatGas: https://surfcity.co/2017/01/31/natgas-cycle-update-2/ Gold: https://surfcity.co/2017/01/31/gold-update/ Coffee (JO): https://surfcity.co/2017/01/31/coffee-jo-update/ Bonds (TLT): https://surfcity.co/2017/01/31/bonds-tlt-2/ … Continue reading →
SPX is at critical support here and needs to bounce right here or this second Trading Cycle may have topped on just day 17, which would likely be bearish price action this early. My second 2 year Weekly charts shows the longer term price channel I have for the past … Continue reading →
I don’t care much for cycle counts that are way outside the normal timing band. Could it really be day 33 when my normal timing band for USD Trading Cycle Lows to be 18-24 days… For the USD, we are either on day 33 (very long) or perhaps we really … Continue reading →