Sunday, April 6, 2014

6 Apr 2014

 Still extremely overbought in the long term.  Will there ever be a mean reversion?
 Medium term neutral.  Declined on Thurs and Fri of last week.
 Short term heading back to neutral from overbought levels.
Silver is developing an interesting triangle.  Will it break out and up?  Time will tell.  The yellow line represents long term resistance from 2008.

I will be unable to post until 17 April.  Best of luck.

Wednesday, April 2, 2014

2 Apr 2014

 Medium term nearing 60%.
Short term overbought at 75%.

Tuesday, April 1, 2014

1 Apr 2014

 Short term (below) nearing overbought levels already.
McClellan summation index is lagging the new high on the S&P-500.  Granted, if it turns upwards here, it does give a little room for the mainstream indexes to rise a little higher.  But either way, it is quite depressed compared to previous recent highs since 2009 to be aligned with a fresh all time high on the S&P.