Tag: chart analysis

Weekly Stock Market Forecast

Posted on by The INO.com Team

This week we have a stock market forecast for the week of 8/1/2021 from our friend Bo Yoder of the Market Forecasting Academy. Be sure to leave a comment and let us know what you think!

There will be no forecast this week as I am moving my family across the country and had to disassemble my computer systems, making it impossible to measure and analyze all the data necessary for accurate forecasting.

This enforced pause, as well as the stop loss triggered in SPGI after it cycled down nicely out of the gate, acts as a nice reset, and I thought you would find it interesting if I share what’s going through my mind tactically at the moment.

All traders, IF they are to be (and remain) successful, are expected, heuristic learners.

The word “Heuristic” is defined as.

“Enabling someone to discover or learn something for themselves.

"A “hands-on” or interactive heuristic approach to learning"

And that’s exactly what’s been happening to me over the past few weeks.

You see, the methodology that I use to forecast the markets works like a flashlight you shine out into the infinite darkness of uncertainty.

Let me explain... Continue reading "Weekly Stock Market Forecast" →

HUI Technical Status And Gold Stock Fundamentals

Posted on by Gary Tanashian

A review of the situation in gold stocks. It is, in essence, a year ago that Warren Buffett ill-timed his entry into the gold stock sector, unwittingly calling a top to the post-crash rally and signaling the start of the 2020 inflation trades, which did not include gold stocks (for logical reasons, as belabored in NFTRH and at NFTRH.com over the years). Increasing the view that ole’ Warren was playing contrary indicator last summer were the usual gold perma-bull suspects coming out immediately after with bullhorns a blaring as we noted in real-time on August 17, 2020: Buffett Buys a Gold Stock!

In the scope of the entire correction, as the bids rotated out of the precious metals and to a lesser degree growth/tech stocks into value stocks and cyclicals (including commodities) the inflation-instigated reflation trades hit stride, and gold stocks were sent on a long decline. Again, if you tune out the perma-touts and think rationally, the miners were only doing what they should do (see below).

There were two false breakdowns, the second of which sparked a strong rally. We also caught Mr. Buffett for a contrary signal to that rally on February 17, 2021: Buffett Pukes a Gold Stock!

The rally terminated at a key resistance level (as plotted well ahead of time as a caution zone in NFTRH) and here we are with HUI below its down-turning SMA 50 and SMA 200 (which needed to hold as support in order to maintain a constructive view), back in the downtrend channel (actually the Handle to a still bullish big picture, which is beyond the scope of this post) and the near-term bounce that I had been expecting has finally arrived after the rude interruption of an unexpected lower low.

That low came off of positive RSI and MACD divergences and here we are, on the bounce with the channel’s upper line, the down-sloping moving averages, and a clear lateral resistance area all taunting… “‘C’mon Huey, we dare you!” Continue reading "HUI Technical Status And Gold Stock Fundamentals" →

Weekly Stock Market Forecast

Posted on by The INO.com Team

This week we have a stock market forecast for the week of 7/25/21 from our friend Bo Yoder of the Market Forecasting Academy. Be sure to leave a comment and let us know what you think!

The S&P 500 (SPY)

SPY Daily Chart - Stock Market Forecast

Another week of organic bearish sentiment and stimulus bringing bullish energy into the market. These cross-currents make many of the inputs I use to forecast prices buddy and unreliable, so it puts me on the sidelines until the odds for success improve.

Let’s take a minute to unpack the word “odds.”

I want you to think of the markets like a political campaign for governor of a state. Continue reading "Weekly Stock Market Forecast" →

Weekly Stock Market Forecast

Posted on by The INO.com Team

This week we have a stock market forecast for the week of 7/18/21 from our friend Bo Yoder of the Market Forecasting Academy. Be sure to leave a comment and let us know what you think!

The S&P 500 (SPY)

SPY Daily Chart - Stock Market Forecast

The rally in the S&P 500 (SPY) fizzled out this week as forecast, and while the forces I am able to observe and measure in the index itself didn’t collapse into bullish domination, the bears were really mauling all the potential longs on my watchlist.

I would expect to see the selling continue as a correction form but wouldn’t expect a full market break this week unless external news pounds an already vulnerable market.

This upcoming week is a “wait and see” week as the best opportunities I was able to find only carried a 60%-65% chance for success. With the likely stop losses coming in HOG and NKTR, I have used up my “aggression budget” for the time being and am gearing down into a more conservative posture. Continue reading "Weekly Stock Market Forecast" →

Palladium Futures To $4,628?

Posted on by Aibek Burabayev

Last summer I spotted a hot trading opportunity for you with 45% potential gain as Palladium futures were set to retest the all-time high. The progress was not as nimble as I thought; however, the target was reached this April as the price even overlapped it. Most of you supported that option, and I hope you enjoyed that gain.

Weekly palladium Chart

It looks like this champion metal offers another stunning opportunity for traders.

The crawling move to the upside since 2016 with a rocket style ending in 2019-2020 was marked as AB part. Continue reading "Palladium Futures To $4,628?" →