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.

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.

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.

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.

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.

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.

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.