Wednesday, February 16, 2011

What is Dr. Copper telling us?

Copper is now almost 20 cents off its all time high in a matter of 2 days.. this is a very bearish indicator for stocks. the pattern is likely an indicator to reduce long stock holdings, or get short if you haven't already.


look for the S&P 500 to retrace back to its 50 day moving avg, and perhaps even a test through it. if the 1261 level is broken for the Egypt riot lows it can easily head to 1180. for now lets keep the 1270 to 1290 area in mind.


look for the Canadian Dollar to fall vs. USD, the recent selloff in Crude hasn't yet affected the USDCAD but it could rise to the 1.02 are in coming weeks good for 300 pips

Thursday, January 13, 2011

intra-day Cheat sheet on Gold

just take a look at this intra-day chart of gold showing 1000 days of data averaged together, absolutely incredible to see the daily similarities.
obviously this pattern doesn't happen every day but you can use this as a guide to time entries and exits with some statistical evidence.

Below i've included a chart of todays intraday gold price, note the perfectly correlated tops and bottoms with the 1000 day average chart