Market Outlook

Vacillating euro hopium vs pessimism continues.
Despite SP500 daily / weekly overextension, USDX bearish warning on weekly chart returns and dollar weakness should support stocks / commodities / gold.
SP500/DOW ongoing daily and weekly overextension does ensure eventual waterfall sell off which will result in USDX bullish reversal.
USDX bullish monthly and SP500 bearish monthly chart warning continues and this will not change.

 

He went from undecided to bull to bear to perma-bear. All in one post. How do I fade that?

 

No it doesn't, the "pattern" you have drawn warns of extremely volatile times back in 2008.

Re-posting these stupid charts just to promote your awful blog is moronic.

 

Gold / Silver fluctuating intra bias reverts to bearish.

Vacillating Greece hopium vs pessimism market chop continues.

 

Euro stock sell off results in rapid intra day USDX bullish reversal.
Back short Gold.

 

At what price did you short? That's right; I forgot. You like to wait for gold to go up a LOT more before you finally make your price public.

 

Gold intra bias reverts to mixed chop - exit short
Overextended USDJPY gives bearish signal - short

 

"Oh Dear."

 

That's the first exit I've seen you post. I have to give kudos. Now you're posting live trades. Not many here do that. I wouldn't. You could add prices to make it easier to follow. It looks like you shorted gold at ~1725 and covered at ~1735. Did you short USDJPY at ~78.31? Do you have a stop?