IMHO, SPX, NYA, VLE, INDU, RUT, WLSH, DJW, DAX, AAPL, and the QQQs are heading higher this coming week...

Hi everyone here is the SPX daily chart:

http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=0&mn=4&dy=0&i=p22539409932&r=1343551779347.png

Here is the NYA daily chart:

http://stockcharts.com/c-sc/sc?s=$NYA&p=D&yr=0&mn=4&dy=0&i=p22539409932&r=1343551779347.png


Here is the VLE daily chart:

http://stockcharts.com/c-sc/sc?s=$VLE&p=D&yr=0&mn=4&dy=0&i=p22539409932&r=1343551779347.png

Here is the RUT daily chart:

http://stockcharts.com/c-sc/sc?s=$RUT&p=D&yr=0&mn=4&dy=0&i=p22539409932&r=1343551779347.png


Here is the INDU daily chart:

http://stockcharts.com/c-sc/sc?s=$INDU&p=D&yr=0&mn=4&dy=0&i=p22539409932&r=1343551779347.png

Here is the AAPL daily chart:

http://stockcharts.c...43556989527.png


Here is the QQQ daily chart:

http://stockcharts.c...43551779347.png


Here is the WLSH daily chart:

http://stockcharts.com/c-sc/sc?s=$WLSH&p=D&yr=0&mn=4&dy=0&i=p22539409932&r=1343551779347.png


Here is the DJW daily chart:

http://stockcharts.com/c-sc/sc?s=$DJW&p=D&yr=0&mn=4&dy=0&i=p22539409932&r=1343551779347.png

Here is the DAX daily chart:

http://stockcharts.com/c-sc/sc?s=$DAX&p=D&yr=0&mn=4&dy=0&i=p22539409932&r=1343551779347.png

Cheers,

Bob-C

Hey you are really getting specific here guy! ;-) Usually you just let the charts talk and leave the interpretation to the reader! I like it when you say what's on your mind! I took a position in Gold and suspect it's about to roll over at least for a few days so that may go along with your analysis, gold is getting squeezed and may be about to cycle down some more while the markets bust out a move to the upside.

Hey you are really getting specific here guy! ;-) Usually you just let the charts talk and leave the interpretation to the reader! I like it when you say what's on your mind!

I took a position in Gold and suspect it's about to roll over at least for a few days so that may go along with your analysis, gold is getting squeezed and may be about to cycle down some more while the markets bust out a move to the upside.

Hi Sentient Being, always good to hear from you. Thanks very much for your nice comments. Thanks for sharing your position in gold and for your gold and market analysis and insights.


Here is the XAU daily chart:

http://stockcharts.com/c-sc/sc?s=$XAU&p=D&yr=0&mn=4&dy=0&i=p22539409932&r=1343551779347.png

Here is the GLD daily chart:

http://stockcharts.c...43551779347.png


Here is the GOLD daily chart:

http://stockcharts.c...43551779347.png

Here is the IAU daily chart:

http://stockcharts.c...43551779347.png


Here is the HUI daily chart:

http://stockcharts.com/c-sc/sc?s=$HUI&p=D&yr=0&mn=4&dy=0&i=p22539409932&r=1343551779347.png

Here is the GLD daily TL chart:

http://finviz.com/ch...a=1&p=d&s=l.png

GLD has risen above and closed above its DT line.

Here is the GOLD daily TL chart:

http://finviz.com/ch...a=1&p=d&s=l.png

GOLD has risen above and closed above its DT line.

Here is the IAU daily TL chart:

http://finviz.com/ch...a=1&p=d&s=l.png

IAU has risen above and closed above its DT line.

Good luck on all of your trades and your portfolio.

Have a happy and successful trading week.

Best,

Bob

I'm afraid my analysis isn't worth much these days but thanks for sharing yours. If gold is going to bust out that's fine with me although I'm not fully in yet. But it's a small portion of our total portfolio and it's not so much a trade as a longer term addition to an old gold diversification move within our portfolio. I appreciate your response. On this end I'm working part time these days and busy with projects around the house. Need a break in the rain so I can finish sanding and staining the deck then it's time to get the basement insulated before winter. 20 years of a cold basement and I'm finally getting around to it. The project list is growing long and the completion list can't keep up....but home projects can be the poor mans hobby!! ;-) I'm still looking for an exit from the broader markets but can't seem to get signals that the game is over. Even though I expect a strong market going into the elections that's not based on sound technical analysis but (a very arbitrary I suspect) belief that this government unlike others has really pulled out all the stops to try and push the markets up to win a second term. And I think afterwards the game will really be over no matter who wins the elections and reality will be harsh, that we can't afford the game anymore. Sort of a robing from our future to create a sense of false prosperity now. So we are loading up on gold just a tad and more importantly are willing to go to cash when things appear to really start rolling over in the stock equity markets. Hey, do me a favor and give me a heads up when you think the game may be over????? I promise not to hold you to it if you miss the call!

I'm afraid my analysis isn't worth much these days but thanks for sharing yours. If gold is going to bust out that's fine with me although I'm not fully in yet. But it's a small portion of our total portfolio and it's not so much a trade as a longer term addition to an old gold diversification move within our portfolio.

I appreciate your response. On this end I'm working part time these days and busy with projects around the house. Need a break in the rain so I can finish sanding and staining the deck then it's time to get the basement insulated before winter. 20 years of a cold basement and I'm finally getting around to it.

The project list is growing long and the completion list can't keep up....but home projects can be the poor mans hobby!! ;-)

I'm still looking for an exit from the broader markets but can't seem to get signals that the game is over. Even though I expect a strong market going into the elections that's not based on sound technical analysis but (a very arbitrary I suspect) belief that this government unlike others has really pulled out all the stops to try and push the markets up to win a second term. And I think afterwards the game will really be over no matter who wins the elections and reality will be harsh, that we can't afford the game anymore. Sort of a robing from our future to create a sense of false prosperity now.

So we are loading up on gold just a tad and more importantly are willing to go to cash when things appear to really start rolling over in the stock equity markets.

Hey, do me a favor and give me a heads up when you think the game may be over????? I promise not to hold you to it if you miss the call!

Hi Sentient Being, thanks very much for your comments and your analysis. You are working very hard and creatively on some very important household projects. Keep up your good work at home and in the stock market.

You are right on target about not getting signals that the game is over. I agree with your prescient analysis and insights that the market has room to go higher this summer and/or fall before the elections and may even reach all-time-highs at the top of a decade-long broadening-top distribution pattern before the game is over. You are wisely trying to balance your portfolio and smartly willing to go to cash when necessary and then to wait for a more opportune time to invest at much lower price levels.

Have a great week and best of success with your home projects and the market.

Bob

Hi Bob, I just heaved a big sigh of relief after reading your bullish thoughts for coming week. Good to have a trenchmate for at least another week I am getting nervous as this market keeps climbing with nothing positive going on. My parachute is ready but can't pull the string when upwards seems to be the path of least resistance. I think SB's comments are right on mark. The "gubermint" is desperate for winning election and will do every trick in the book to keep this market levitating. So we could very well defy the seasonality thing this year until November 6th. In any case, I am cashing out during 2012 while tax rates on cap gains are still 15%. Best luck on all your trades and keep up the good work. Roberrrrrrrrrrrrrrrrrrrrrrrto

Hi Bob,
I just heaved a big sigh of relief after reading your bullish thoughts for coming week.
Good to have a trenchmate for at least another week
I am getting nervous as this market keeps climbing with nothing positive going on.
My parachute is ready but can't pull the string when upwards seems to be the path
of least resistance. I think SB's comments are right on mark. The "gubermint" is
desperate for winning election and will do every trick in the book to keep this market levitating.
So we could very well defy the seasonality thing this year until November 6th.
In any case, I am cashing out during 2012 while tax rates on cap gains are still 15%.
Best luck on all your trades and keep up the good work.
Roberrrrrrrrrrrrrrrrrrrrrrrto

Hi Roberto, good to hear from you. Thanks very much for your comments, and for sharing your good insights and analysis.

Good luck on all of your trades.

Best,

Bob