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Today is day 14 of the new daily, intermediate, yearly and 4 year cycle. We are now in the advancing stage and should have several weeks of upside remaining. Clearly stocks have pushed above the 200 week moving average.  The S&P is also showing some separation from the IC trendline.  We are on day 14. The market should move higher for at least 30-35 days. By then, stocks should be at the 200 day moving average and we should lighten up positions or sell all together and wait for the next daily cycle. Gold also shows promise and has broken out of it's consolidation. I believe we could finally get that run to 1800.  Word of caution on gold. We have extreme bullish optimism now. Unlike stocks, gold is nearing the end of it's cycle. This is why I don't see much potential beyond 1800. 
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This PageThe Speculation page is used for educational purposes and to talk about our opinion on trades and what is going on in the market. All trade recommendations are made in "The Pit". This is also a blog page where you can ask questions, post your thoughts, or ask for help. Be sure to use an anonymous name. If you have any questions feel free to reach out to us via email. Archives
May 2021
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