Tuesday, March 29, 2011

end of month

I'm looking for a weak begining to this week, and then a little month end rally at the end of this week.

Monday, March 21, 2011

U.S. Dollar testing Yearly S1 pivot

U.S. Dollar futures are very close to the yearly S1 Pivot at $75.52(purple line marked s1). I'm looking for support there and a rally off the yearly S1 pivot. I'll use a close below $75 as my stop. Risking only .55 cents.

Friday, March 18, 2011

CSCO

Cisco(CSCO) high this year was at the Yearly Pivot Pivot(see white circle) and fell to the low on the Yearly S1 Pivot(see white circle). CSCO announced a first time dividend today. Looking for CSCO to go higher.

Wednesday, March 16, 2011

S&P intraday pivots

The S&P today went from the S1 pivot, down to the S2 Pivot at 1249 and bounced back up to the S1 Pivot for 16 points each way.

Tuesday, March 15, 2011

Pivot Power

Amazing how the Yearly R1 pivot(S&P 1343) and the 2011 Bradley Model's major turn date on Feb.17th has played out.

see posting below

Thursday, March 10, 2011

Gold MR1 pivot

Gold futures went up to the Monthly R1 Pivot(white circle on the top of the chart) and now has pulled back to the 20dma(yellow line). Look for a little bounce here off the 20dma and retest the 8dma(1420) before going down to test the Monthly Pivot Point(Mpp) at 1385 and open gap there. Buy the dips as long as the 150 dma holds (1350).
UPDATE 3/15
Gold hit the MPP(1385) this morning ....PIVOT POWER!

Monday, March 7, 2011

again no change

I still don't see anything in the charts that change my opinion. Look for more downside on the S&P and the Dow this week. Looking for a test of the 50dma.

Watching
Silver YR1 pivot is 35.50 -36.50
Oil Yr2 pivot is 108.45

Tuesday, March 1, 2011

no change

per my post last week, I see no change this week. I believe this down trend will continue until early summer, per the 2011 Bradley Model.