Auguraltrader

Auguraltrader

Ignoring the candlestick pattern, the week ended on a Friday gap up and rally to close at a high. Previous expectations of a retracement may be premature. Currently bullish outlook, for now, as it stretches out of the set range.

Auguraltrader

The USD has given a couple of bullish signals and these are: 1. A higher high and breakout close of the highest close in the last 10 candles; 2. the MACD is turning up, crossed up the signal line too; 3. the VolDiv is beginning to turn upward and significantly turned up (white dot trigger); 4. The higher high and higher low pattern to bottom out of a downtrend...

Auguraltrader

Just to highlight the Singapore going into technical recession]news first... that a technical recession is in the horizon, closer than we even realize. Otherwise, the EWS SG Singapore ETF, is technically challenged, with imminent downside. 1. Lower high made, and a possible imminent lower low to come in the next weeks. Breakdown below the red line is a lower...

Auguraltrader

It has been more than 6 months since I looked at GDX proper. Yes, I might have missed the last Gold/GDX rally, but I think that short run is about over... Looking at the weekly chart for GDX, a decisive lowest close since March 2023 is representative of a end of a bull trend, if it is not already obvious enough. The near marubozu type down candle came after a...

Auguraltrader

Been such a fan, waiting for so long, but I think the technical outlook for China Equities is not looking too good. Three fails Breakdown of the TDST puts it in Bearish primary trend mode. MACD is bearish VolDiv shows some accumulation Some downside, highly probable. Target at 66/67 then see how... for those who love China equites!

Auguraltrader

Someone mentioned to me that Gold is an asset that never loses money. I took the effort to show previously that Gold can very well do a 20% drop over a slow bleed (months) before it travels back up months later too. I also warned that Gold appears not to be able to keep properly and well above 2000-2080. Since 2020 (the Gold Odyssey series started in 2019), there...

Auguraltrader

The combined US indexes had spiked as expected, and hit the upside target. This came with good technical indicator support. But the caveat is that the candlestick looks like a dark cloud cover pattern. In this type of pattern, a gap up is reversed and a close is below the halfway mark of the previous candle body. This is exactly what happened so once can expect...

Auguraltrader

6 months ago, 32.20 was the critical support called. A slow bleed over the last 6 months saw little upside move and a slow bleed downwards. The technical indicators are admittedly not as bearish as I thought it might be. DQ is seen to head further down, visiting as deep as 32, but not likely crashing further, particularly where the MACD is building a bullish...

Auguraltrader

Just over 6 months ago, OXY was flagged to technically not do the expected rally as it broke down of the H&S shoulder. Many had bought in following the reported Berkshire's purchases of OXY , BUT technicals was telling of another type of scenario. Watching the breakdown was rather painful as it stretched over the last 6 months, with a recovery attempt that failed...

Auguraltrader

As marked, it has 4 candles after closing above the resistance and is on a very bullish breakout. Thing is, the indexes just moved into a resistance zone. And there is a potential confluent resistance point just above. Overall, bullish until meeting resistance, then we should have a pull back of some sort...

Auguraltrader

USDJPY is continuing to be bullish, at least in the weekly chart, with MACD and VolDiv supporting in bullish alignment. 141.6 is the expected resistance, thereafter, 134 a good support.

Auguraltrader

Just a quick note that as Biden signed the raise of the US debt ceiling, the USD is going to be bullish for a bit, and then meet the upper range resistance, and then lose it to get back to range support. Projection Targets marked.

Auguraltrader

As expected previously, the Singapore STI (EWS) hit the first target range. It appears to have bounced off a bit in the short week (Friday is a Public Holiday, being Vesak Day). However, the technical indicators accentuate that there is more downside to come... Breaking down below the support to form a lower low is confirmation for the lower target to be the next...

Auguraltrader

Observable for weeks now, and recently, the divergence is much more pronounced. What I am referring to are that the equity markets appear to be more and more bullish, breaking out of trendlines; while the leading indicators (TIP, TLT, JNK and inversely VXX) show an imminent deterioration, about to breakdown of trendlines. The combined US equity markets and...

Auguraltrader

As mentioned in previous heads up over the last weeks, it had finally happened (as expected) that the SG10Y GB yield rates break out of trend line resistance. And from previous occurrences, this is a very reliable inverse leading indicator of the SPY (and other related equity indexes); meaning that the SPY should be tanking downwards within the next week or...

Auguraltrader

Just want to show an anomaly observed here... sort of a tip off on what is most likely to happen. You see, I read Russell Napier's Anatomy of the Bear back in 2009 (not easy to get it as it is out of print!), and he describes TIP as one of the/a leading indicator ahead of the equity market. Superimposed on the TIP daily chart is the SPY (blue line), NASDAQ (cyan...

Auguraltrader

Multiple signals all aligned to much more downside in the Singapore STI... 1. A lower high. Watch for the lower low incoming! 2. Break out and then break back into the consolidation range. This is the second time, and expect an extrusion through the bottom of the range. 3. MACD lower high, and crossed down. Bearish oops, look from crossing down into bear...

Auguraltrader Updated 

Conditions appear to be shifting really quickly... just a few days ago, it appeared that the SG10Y Govt Bond was going to break a low and go further down, sending the correlated S&P500 (and other indexes rallying up. BUT, it brooke down and recovered very quickly. NOW, it appears to be ready to break UP and out of the downtrend line. This has happened before,...