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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 (96162)	8/31/2017 10:26:05 AM
From: ChartMan22	Read Replies (1) \| Respond to of 219151

Yeah, it's interesting to see that gold is also up today by more about 6 points.

To: GROUND ZERO™ who wrote (96162)	9/1/2017 3:27:57 PM
From: John Pitera	1 Recommendation Recommended By GROUND ZERO™ Read Replies (1) \| Respond to of 219151

Hi GZ, Yes, I sold my short Yen, am going to square up on the EUR....... I have a Long EUR/JPY that is at the upper end of it's BB on the daily and it's been profitable...but it's time for it to go.... I want to go home very light and liquid... for this labor day week--end..... Summer is over in Europe and they will be back to work next week in force , as will Wall street and the Over all global financial community knows that summer is over and it's back to work... and there is a lot of global crosscurrents .... We'll take a look at if something big is happening sunday night... and if not probably wait until Tuesday.... Luckily the Sept Gasoline was last day of trading yesterday so... . it had to go.... my October Gasoline... As I often say Silver is the tell... It's broken a downtrend line and is right back at the top of the Fib cluster that shut it down on 06/06 at this level........ the stock market had it's NVDA, smh, AMZN, FANG break on 06/ 09 after stopping going up on 06/04... the NDX topped and went sideways after june 4th. Gold has a weakening Chaikin money flow I think the key thing about gold is that look at this 2 year GLD chart at 125 .91 it's right at the point that it broke down at in Oct 2016.... with some over head up to 132.... I took a look at GDX and GDXJ , The thing about Gold is it's such an emotional market... from what I have heard sentiment wise it seems like it's a little too over loved. Silver is obviously right at resistance..... I think Gold and Silver is roughly a role of the dice.. the biggest development of the day is that the bottom in the TNX may well have just been put into place and that does not auger well for GOld and Silver. have a great Labor Day weekend......... btw..... I really loved your Appalachain trail series... I have some chapters I missed... I may try to get some nature hike reading done this long weekend my very best regards, John