The SPX and the Dow Jones have closed at new highs. The following closing prices: Dow Jones: 19910.93 and SPX at 2271.71. They have reached an extreme point. This is an extreme strong signal that price is most likely at a short-term high here. The NYSE composite reached a high at 11256 which could be […]
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Our long term subscribers have been following the Gold and SP 500 markets with us for years, and for sure last year was full of volatility in both. Right now we are continuing to stay on the sidelines in Gold until we can see a confirmed close over $1232 per ounce (US Dollars). We like […]
GOLD- Well, not a merry Christmas for Gold buyers just yet. We have said in our TMTF forecast service to watch 1190 as KEY support and 1241 would also need to be taken out on a closing basis before we could confirm a new uptrend in Gold and the end to the 5 wave bear […]
The markets have been in a rough and tumble recent period here with a 3.5% decline last week along with a further drop to the 1982 lows so far on Monday. What is likely ahead? –Dave Banister- Chief Strategist- www.themarkettrendforecast.com The SP 500 probably just completed the initial wave down of an ABC Correction from […]
We are seeing normal corrective declines in the broader indexes of late. December has been volatile from day one. Tax selling is obvious to me, and we are seeing extreme oversold set ups in Energy stocks. Insiders have been loading up the last few weeks yet those same stocks are still declining, and we think Hedge […]