darth.stocks

darth.stocks

Targeting 1315 ...

darth.stocks

What belongs together comes together. The long discussed JY / Gold relation. Targeting today/tomorrow the 27-28.50 Region in GDX.

darth.stocks

I guess this week we will see a major move of S&P 500. Targeting 2400 till September.

darth.stocks

COT Report index still at 0 , but ED Futures (short term) starting to move. Commercials NetShort and Noncommercials NetLong positioning is at unseen levels, so the question should be who on earth can push the price further. And remember: This is still a Liquidity/Forex Game.

darth.stocks

After Brexit breakout it seems to be clear that a distribution to the 1100-1140 range is quite unlikely. From the classical Wykhoff Theory/Praxis we need to assume a correction back to the PS Region. But pay attention to BOJ Decisions that need to be expected soon. Even before next BOJ Meeting. JY correlates to Gold and Miners and a action of BOJ may push Gold...

darth.stocks

After having reached my initial Target of around 3.00 (1.618 extension) we are currently having a correction till 2.73 $. Expecting further upside to at least 3.37

darth.stocks

Sorry to bore you once again with my Gold/JY correlation. This Time a bit different since we see a almost perfect correlation between GDX (hence Gold) and JY strength/weakness. With CB grands currently in Basel at the BIS we need to expect CB's action on Brexit turmoil. Recent Kuroda statements point to quite some significant intervention due to JY strength. So I...

darth.stocks Updated 

For sure it is a broadening formation, but it still can be bullish...! Waiting if 1270 Region holds.

darth.stocks

Noncomercials needed 97 days and 95000 1000ounce contracts to raise price by 30 US$.... Bullish or bearish?

darth.stocks

COT Report showed some rather interesting changes in commercials positioning... We are in a short term correction and the major upward trend is still intact. But if we do not see a correction back into the 50 UD$ Range, this will be the final correction for inverse head and shoulder formation.

darth.stocks

Here again my weekly “thoughts” on COT positioning: COT Index 158, 78 and 13 weeks back to 0 (means overpriced within the time range). Dramatic change in net positioning by the commercial !!! 49K futures contracts added and 45K options contracts added. Net short % positioning to 55%! One of the most extreme positioning ever. Only Sept 2012 was a bit higher....

darth.stocks Updated 

Within the last 8 hours we see a strong upward trend in DXY mainly related to a strengthening of JY. All currencies loosing against JY ... WTH is going on behind the scenes? Something going on in China? Closing all open deals...

darth.stocks Updated 

Huuups, I hope I'll be able to say " Sorry Bulls".....

darth.stocks

Not yet but hopefully soon!! Be aware, there is a FOREX turmoil, so I am still waiting to see dxy and jy better...

darth.stocks Updated 

With DXY going back to 100 starting a long position on JY

darth.stocks Updated 

Targeting 2151 ... Risky but maybe worth it!

darth.stocks

After breaking out of the rising wedge, there is the serious probability that final correction has started. If we do not see a lower low an inverse head and shoulders formation is about to be created. From falling wedge the target would be in the lower 30 Region. From completed inverse Head and Shoulders the target would be in the 75-80 Range...

darth.stocks Updated 

Just as a reminder of one of my last autumn charts. In order to analyse gold price discovery disconnected of any FOREX turmoil caused by CB policy and policy changes (i see a policy change since last FED meeting) and only based on demand/supply there is a need to check charts of gold against currency baskets. Here now against XDR. By the way, did you know that...