SP500
This blog changed on Jan 1, 2014 We will no longer provide
turn dates for the SP500 as these are being sold for the first half of 2014 see
->
Gold
Gold looks like it has turned with a test of the June 28,
2013 bottom. Dec 31, 2013 looks like a Primary cycle (nominal 18 week) bottom
very close to Sun conjunct Pluto on Jan 1, 2014, the same day of the Super Moon
which was on the heliocentric south node of Jupiter (see previous posts). We are
therefore entering the second week of a new Primary cycle. Watch this closely
it may move quickly. On the following daily chart Gold has just closed higher
than the 45 dma. Remember the June 28, 2013 date was and still is the 4.25 year cycle trough.
This was also at the 25 week cycle
low. Red vertical lines on the following weekly chart.
If you have missed buying we often get a pullback in the 2-4
week time frame after a Primary cycle low. Watch for this pullback and use it as
a buying oppourtunity assuming nothing unusual happens in the mean time.
Crude
The question for Crude, are we in the 22nd week of a Primary
cycle that started on Aug 8 or in the 8th week of a later Primary which started
on Nov 27. Either way the price action over the last 2 weeks is a little
bizarre.
When not sure it is best to watch. My gut feeling is Jan 9
was the trough for the older 22 week Primary. If this is the case Crude should
start up shortly. I will await price action to determine the trading strategy.
Obviously if this is a Primary low we will want to buy. If this is the start of
a new Primary we could use the 2-4 week pullback to get in, as mentioned above
for Gold.
The following daily chart shows crude did make it down to the next Sun price line and may get support here. Watch this area early in the week to see if this is a trough for the older Primary cycle.
US$
The US $
is due for a 9 month trough in the March 2014 timeframe. See the following weekly chart of the US$. The dollar looks week here.
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