Weekly Stock Market Forecast

This week we have a stock market forecast for the week of 12/5/21 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 Weekly Chart - Stock Market Forecast

All the waiting and watching has paid off nicely as the S&P has topped and started to trend lower in earnest. This "break" will freak some folks out, but I still believe my forecast will prove true that this selling will catch a bid and reverse the market for a short period of time. Once that momentum burns off, a lower high will form, completing a "head and shoulders" pattern, and THEN WE CRASH. Continue reading "Weekly Stock Market Forecast"

Bitcoin Buy Setup, Apple Is On Alert

The knowledge of chart structure helps to navigate the market even when the latter surprises traders.

Bitcoin Chart

Bitcoin dropped a little bit later than I expected, creating a complex structure. The main coin updated the all-time high as it hit the $69k mark. If we look deep into the structure in the 4-hour chart above, we find that it was a part of a large two-leg consolidation (red down arrows). The new record high was established within a "joint" connecting two legs down. Continue reading "Bitcoin Buy Setup, Apple Is On Alert"

Weekly Stock Market Forecast

This week we have a stock market forecast for the week of 11/21/21 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 Weekly Chart - Stock Market Forecast

Another quiet week, weirdly so... I'm starting to wonder if this inaction is the behavioral proof that the only game in town these days is Fed-injected liquidity. Still stalking the short side as all my measurements are very scary and extreme to the bear side... Yet price (which is the ONLY thing that matters) doesn't react. Continue reading "Weekly Stock Market Forecast"

Weekly Stock Market Forecast

This week we have a stock market forecast for the week of 11/14/21 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 Weekly Chart - Stock Market Forecast

As the stimulus injection from the Fed loses its "oomph," the market had a flat and quiet week. Now that the "drug" of stimulus was worn off, we can watch to see what true organic supply/demand pressures are left in the market.

The problem with these stimulus rallies is that it creates a "reset" in the cycles that I track and measure, which allow me to forecast price moves with accuracy. Continue reading "Weekly Stock Market Forecast"

Santa Claus Rally Kicks Off For Gold

The year is approaching a sunset. It is the right time for precious metals to get ready for a Santa Claus visit to take them for a ride to the sky. One of the metals has already been in the game; I am talking about gold.

Daily Gold Chart

In October, I enriched the bullish view with the newly spotted “Diamond” reversal pattern. Most of you confirmed that you see this pattern. It is still good, as the invalidation level was not touched. Continue reading "Santa Claus Rally Kicks Off For Gold"