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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (93198)	6/6/2017 11:09:36 PM
From: edu1102	1 Recommendation Recommended By GROUND ZERO™ Read Replies (1) \| Respond to of 222930

Hi GZ I totally agree Quest do all the job and give me the signals My stop loss is at 3% no doubts ROI on the S&P 500 15% YTD ROI on the S&P 600 25% YTD The only market I do not beat the index is Germany DAX I am a little nervous as of today I am getting buy signals an the S&P 500 Above all I am having fun Happy trading my friend see u around Eduardo coello

To: GROUND ZERO™ who wrote (93198)	6/7/2017 9:24:56 AM
From: John Pitera	2 Recommendations Recommended By GROUND ZERO™ mary-ally-smith Read Replies (2) \| Respond to of 222930

Update;GOLD, EUR, JPY and USD index: turns in all of these markets at hand --- SILVER is at fractal price resistance as well. I'm getting the feeling it is time to scale back on my long gold and silver positions that have been on for quite a few days especially the gold., gold is from a mass psychology viewpoint getting a little over loved. and it's at it's high from the start of April...... gold is not on sale and way too many people including people I respect such as Carter Worth are presupposing that Gold is breaking out of a larger triangular pattern, while he is concurrently pointing out about 20 commodity markets from iron ore, to rebar, zinc, tin etc, that are have all rolled over on the daily charts. we are at resistance... The USD index has a daily momentum buy divergence and is universally unloved. The EUR/USD has been unable to crack 1.13 and I have seen other analysts joining in with comments I made several days ago that if the EUR can decisively move above 1.13 we look north for 1.18 in the EUR.. that is getting crowded, it appears. The GLD ETF has shown deteriorationg in the basic Money Flow index, and the Chaikin is weakening. The A/D line has also stalled on it..... time for me to exit Gold and for those who want to stay ..... tighten protective stops. and the JPY took a peak above it's .764 level and will stall if the unloved US is going to rally a little bit. Hence, EUR, JPY and Gold all stalling at logical resistance and USD index perking to life. More importantly for the JPY it has hit the .382 retracement from the the 8/16/16 high into the the 12/15/16 low at .85002 basis the continuous futures. while running into the lower tine of the pitchfork that capped it's rapid ascent on 5/18/17, thus the YEN has bogged down.... The EUR has failed at 1.1290....and the FIB Arc is rolling it over.... it's stalling and falling... don't like what I see on the 60 minute chart in the EUR from the long side. initially one might not see a price of time turning point in the USD... index.. a closer look shows The USD index has arrived at the .618 price projection from it's fractal decline 03/09/17 to the low at 98.67 on 3/27/17 as we come into the 3 year Wykoff area the RSI, stocastics and momentum oscillators are giving us momentum divergence downside exhaustion buy signals. Thus the I am going to have to exit the long side of what has been a very nice gold and silver trade, I'm going to neutralize long EUR/USD and long Yen. trades, which is also a short USD/JPY (although, the Yen is the Market that is unique and we could be back in that .... as there is are some conflicting time windows in the JPY.) and I do not advocate remaining short the USD index at this point...... at least look for a reprieve rally and we'll monitor price action on the index... as the AUD, NZ and a couple of other currencies have had very big rallies, but that leads to profit taking...... and a re evaluation of the macro and interest rate differentials. and Silver has a similar resistance zone that seems to have stopped it cold from a fractal decline Fib price projection from earlier this year....... the Money flows in the futures have moderated as well...... The TNX continues to be lower than the key triangulation zone of the 200 dma, the .382 retracment of the July 6th low at 1.33 to the Dec 16th high at 2.62 and the Fib Fan line. Last evening Bloomberg had extensive commentary regarding China coming back into the US bond market, increasing their holdings of USD denominated debt, as the Yuan has stabilized and strengthened..... so the 10 year note is holding the .382 retracemetent level at 2.13 but with foreign buying coming into the US debt market and the CRB composite index rolling around in the mud at low levels. coupled with the bearish pattern of an array of basic metals, super depressed and record grain stockpiles on hand...... we have very logical reasons for what is occurring. the US exported 1.3 million barrels of crude a day this past money and technology driven by the super capacities of the NVDA GPU with the programmable language and visualization and inferencing capabilities continuously make global energy extraction more effective and powerful.... especially in the US and by top tier US E & P companies.... this is presenting supply issues for any type of sustained crude price advance. Plenty to contemplate for the day and with Comey testimony, the UK election and an additional wildcard that should become apparent by Friday or Saturday... everyone on Wall street and in the city in London, and elsewhere around the world will be busy little beavers. John