AssetDesign

AssetDesign

Wave B corrected 50% at 556.5 and now wave C begins. If C = A, target 540

AssetDesign

Alcoa is dropping fast but may find support at the bottom of the parallel channel, completing wave 4. An A = C price target is 34.10. Upper channel moves to better than 55 by end of the year. I'll be watching the Std indicator for a buy signal.

AssetDesign

GLD is at the neckline of a well defined head and shoulders top. A breakdown would see GLD at 200.

AssetDesign

After a big move up, Silver may enter into a long consolidation phase. The Standard Deviation chart indicates volatility continuing to fall being that the Bollinger bands will be moving in towards the moving average. As such, i'm putting in Iron Condor strategy anticipating that SLV prices will remain within the 25-30 range through the rest of the year.

AssetDesign

Sure does appear to be a typical Wave 3 extension formation. 2.618 fib measurement of Wave 1 would put SLV at 33.70

AssetDesign

As anticipated, FXI is testing the breakout level just below 27. Good spot to add more if you have been following this from the recent double bottom buy call a while back.

AssetDesign

A Wave 3 down is just starting now and can move the dollar index down to 90. Continue loading up on commodities.

AssetDesign

While today's down move may look dramatic to some, two things going on. One is a typical .382 Fib retracement. The other, a test of the breakout level. Looks like an easy run to the top of the trend channel above 230.

AssetDesign

Still under the radar, China stocks have drawn little attention except for increased tariffs. This continues to have huge potential. Looking for a successful test of the break out level to increase position.

AssetDesign

While I'm still looking for higher prices, eventually, recent gains are too good to pass up. Line chart shows a three week testing of the high and at the moment, appears to be failing. Big move the past couple of days including this morning tried to push prices higher but this morning's big move was met with selling taking it off of overbought highs. Looking...

AssetDesign

Don't count the Fed out just yet. They are good at blowing bubbles, especially with a major election near at hand. While many Fed members have backed down on immediate rate cuts, some say that the Fed has no choice but to lower rates to prevent a major liquidity crisis. With this in mind, our current move stemming from October 2023 might be an extended wave 1...

AssetDesign Updated 

With Gold already having broken out to new highs, it's just a matter of time before the miners and streamers do the same. Believe that we are beginning a third wave of an impulsive move higher. Should Wave 3 play out to 1.618 of wave 1, we get a measurement of $77. That coincidentally is also a target price based on a reverse head and shoulders formation. Some...

AssetDesign

While many are in the "glass half empty" mode, interpreting the market to be completing a B Wave with a C wave, equalling or surpassing the previous lows of last October, Could be that we are entering an Explosive Wave 3 of 3 of 3. WIth this in mind, I caution myself to get sucked in to put buying even as the market looks toppy.

AssetDesign Updated 

Looking at the very long term of WPM, one can interpret a 5 wave picture. If so, how high can it go? Wave 5 in commodities is generally the longest wave.

AssetDesign

BNO appears poised to break out to the upside. A breakthrough of the recent high just under 33.50 may indicate the beginning of a wave 3. Also appears to be wave 3 of a higher degree. The fibs show significant profit potential. I am placing a buy stop at 33.50.

AssetDesign

Standing out recently for not participating along with other oil stocks moving higher, APA has the potential to triple should the wave 3 unfold as illustrated. I've been building a position at this level.

AssetDesign

Reviewing a longer term chart of Alcoa, it's hard to miss the cyclical nature of this stock. Regularly hitting cycle lows in March each two years. Stochastics still falling and a closer analysis indicates that there will be one more leg down. However, now is the time to put this one on your radar. I have already taken a position but had sold January calls to...

AssetDesign

FXI appears to have put in a double bottom and may be setting up for a bull run. At the very least, if the current formation is just part of a corrective flat wave, then we can expect the coming C wave to equal the A wave, putting FXI at 33. Sentiment is horrible for the China markets. I.e., screaming buy