Wednesday, August 13, 2014

13 Aug 2014

I'm migrating my work to my other site to develop readership and consistency of my information.  This will be my last post here.

Today's indicators:
http://www.scottschlegel.net/state-market/


Tuesday, August 12, 2014

12 Aug 2014

 Long term overbought.
 Medium term oversold.
Short term nearing overbought levels again.

The McClellan still isn't in an uptrend which means you shouldn't be long yet.  I slightly expect a whipsaw here and a brief plunge back down considering my short term indicator already being high.

Wednesday, August 6, 2014

6 Aug 2014

Medium term quickly becoming oversold.
 Long term still very overbought.
Short term is oversold and bouncing the last few days.

Monday, August 4, 2014

4 Aug 2014

Short term is oversold.
Medium term is quite oversold compared to recent years' levels.

Friday, August 1, 2014

31 July 2014

Intense selling today.  Decided to pull out the old excel spreadsheet and see where we're at on my indicators.
 Still super overbought in the long term.
 Medium term reaching lowest levels since mid 2013.
Short term at lowest levels since February.  I call this oversold in the short term.

Summation index continues to get pummeled.  As I've written for a few weeks, change is coming.

Tuesday, July 29, 2014

29 July 2014

The summation index continues to break down behind the scenes.  This shouldn't bode well for the indexes, but the damage has mostly been covered up so far.

My new site is www.scottschlegel.net  Please support it.

Friday, July 25, 2014

25 July 2014

The summation index continues its decline.  Seems like the indexes are finally getting the message today.

Gold and silver are still holding their ground.

Thursday, July 17, 2014

17 July 2014

It's early, but it appears the Bradley Siderograph has done it again.

http://www.amanita.at/en/interesting/articles/25-all/en-gb/interesting/articles/1225-bradley-siderograph-2014-en

Bubble meet needle.

Feces meet fan.

Wednesday, July 16, 2014

16 July 2014

Gold, silver, crude and USAGX are all pretty much in line with the Nasdaq bubble from 1982 - 1999.


McClellan Summation index continued its decline.  This must be small cap stocks selling off.

Tuesday, July 15, 2014

15 July 2014

McClellan Summation Index continues its decline behind the scenes of flat mainstream indices.

I will try to post my bull market comparison tomorrow to show how silver and gold compare to the Nasdaq bubble of the 90's.

I expect (read: hope) that gold and silver will find support on their 50 and 200 day simple moving averages and then resume their upward trend.

Sunday, July 13, 2014

13 July 2014

McClellan Summation index remains in a downtrend.  This should not be taken lightly.  Of course, I'll post if it's decline stops and reverses.

Silver, gold, and miners continue to show positive signs after three long years of weak performance.

Tuesday, July 8, 2014

8 July 2014

This site is slowing, but is not dead yet.

I'm not sure if I will do daily posts on my new site which is soon to be unveiled.  Anyways, the McClellan Summation index has shown fairly persistent weakness in this recent rise since late 2013.  It appears to be rolling over at this point in time.  Remember, you must trade with this index.  If it doubles back and starts rising again, you have to go long.  And vice versa.  Cut losses and just hope it doesn't whipsaw too much.


Monday, June 23, 2014

23 June 2014

Hello, I'm moving my data to a new computer and re-installing all programs.  This will take a few days as I have many other competing priorities.

That said, the McClellan Summation index remains in an uptrend until it doesn't.  The mining stocks and metals broke out last week.  All are forming good bases and their 50 day moving average is close (or has already) climbed above the 200 day moving average.

I really don't know how the mining stocks & metals could rise if the broad market falls, but weirder things have happened.  Early 2009 was like that.


Thursday, June 19, 2014

19 June 2014




Solid day by gold and silver.

Wednesday, June 18, 2014

18 June 2014

 GDX has long term inverse head and shoulders.  Seems to be developing into an uptrend with a 50 day and 200 day crossover.

Gold seems to be developing an inverse head and shoulders as well.
Silver has developed a fairly tight triangle and support on its old resistance.


 Long term stocks are as overbought as ever.

 Medium term overbought.
Short term neutral.

My guess is still Dow hits 17K before anything changes.  Gotta roll it on the media.

Tuesday, June 17, 2014

17 June 2014

 Medium term overbought
Short term bouncing from slightly oversold levels

Sunday, June 15, 2014

15 June 2014

 Medium term overbought.
Short term becoming slightly oversold based on recent "low" readings."

Gold and silver have definitely found life off their lower support line again.  Could this be the beginning of the five climax years (based on previous commodity bulls lasting 17-20 years) of this bull market??

Friday, June 13, 2014

13 June 2014

 Buying climaxes rising again.
 Medium term slightly overbought.
Short term continues its fall from overbought levels.

Wednesday, June 11, 2014

11 June 14

 Long term. Overbought.
 Medium term slightly overbought.
Short term declining from overbought levels.

I have some friends with portfolios down 30% from their high watermark.  Granted they were in risky stocks, but it goes to show the growing discrepancy between the Dow and some individual stocks.

Tuesday, June 10, 2014

10 June 2014

 This is quite incredible.
 Medium term slowly working back to overbought levels.
 Short term slightly overbought. Lagging recent peak.
The McClellan index is in an uptrend until it's not.  I'm guessing the Dow will make 17,000.

Monday, June 9, 2014

Monday, June 2, 2014

Sunday, June 1, 2014

2 June 2014

 Medium term overbought.
 Short term overbought.
Long term overbought.

Thursday, May 29, 2014

29 May 2014

 Long term overbought
 Medium term almost overbought.
Short term overbought.

Percent of stocks above 200 day moving average is still slowly deteriorating since 2010.  The indexes are staying strong though.

Silver still in a position to finally go up.  But it needs to stay above this point.  Been waiting way too long for this.