Category: 3 – Gold Trader

My apologies! I sent this out earlier this week with a link to the previous weekly report. Now corrected. 

Happy Easter and Happy Passover!

A 13 week cycle upturn is ideally due xxxx xxxx xxxx xxxx (subscriber version) couple of weeks. It’s the best shot at a rally to test that March high before the 9-12 month cycle goes into its usual second half hiatus. The 10-12 month cycle projection of xxxx may still be reached (non-subscribers, click here for instant access).

Subscribers, click here to download the report.

A weekly close below xxxx (non-subscribers, click here for instant access) would invalidate the implications of the breakout.

A long term cycle high is due in xxxx.

Swing Trade Screen Picks -Over the week ended April 11, 39 charts of the 52 mining stocks that I track had at least one buy signal. 36 had at least one sell signal. I’d liken that to a close game of ping pong. It remains typical of a consolidation phase.

The signals anticipate swings of 3-5 weeks. But when a market or sector is rangebound, there are lots of whipsaw signals. This is why it’s necessary to look at the charts for the overall pattern.

I rescreened the stocks that had at least one buy signal over the prior 5 day period, for repeat buy signals on Friday and Monday. There were 17. There were 8 repeat sell signals.

Looking at the charts of the 17 repeat buy signals, I was underwhelmed. Too many charts looked like intermediate term tops. At best it looks like more ping pong ahead. But just in case that’s wrong and a breakout is coming, I picked two to add to the list this week to keep a few toes in the water. They were xxxxxx xxxxxxx XXX and XXX.

That will leave 3 picks on the list this week. One pick hit its trailing stop last week. Including that and the one new pick, the average gain was 3.9% on an average holding period of 11 calendar days. 8 picks were closed out in March. The average gain was 10.8% on an average holding period of 27 days.

Since November, after tweaking the screening methodology to use multiple days in making selections, 23 picks have been made and closed out. The average theoretical gain was 7.3% on an average holding period of 31 calendar days. Averages assume 100% cash, no margin, no options. The use of margin or options will magnify both gains and losses.

Table and charts below (non-subscribers, click here for instant access).

Subscribers, click here to download the report.

The strategy and tactics suggestions in this report are for informational and entertainment purposes, and illustrative of one approach. Nothing in this report is meant as personalized investment advice and you should not construe it as such. No representation is made that it is the best approach, will be profitable, or suitable for you. Past performance does not imply future results. 

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Gold has lost its shine, and it looks to be dull for a while. The 10-12 month cycle projection of xxxx(subscriber version) has been hit. Another attempt to reach that level may or may not lie ahead over the next two months, but it is unlikely to be topped for many months to come. In the near term, opposed cycles are likely to lead to more xxxx xxxx xxxx.

Subscribers, click here to download the report.

A weekly close below xxxx (subscriber version) would invalidate the implications of the breakout.

A long term cycle high is due in xxxx.

Swing Trade Screen Picks -Over the week ended April 4, 42 charts of the 52 mining stocks that I track had at least one buy signal. 20 had at least one sell signal. So there were several whipsaw charts with signals on both sides. This is typical of a consolidation phase.

The signals anticipate swings of 3-5 weeks. But when a market or sector is rangebound, there are lots of whipsaw signals. This is why it’s necessary to look at the charts for the overall pattern.

I rescreened the stocks that had at least one buy signal over the first 4 days of the period, for repeat buy signals on Friday and Monday. There were 29. There were 9 repeat sell signals. Overall that’s bullish for the short term outlook for the group.

However, when I looked at the charts, I was disappointed. While there were plenty of short term buy signals, the intermediate term cycle structures weren’t great. In fact, they were troubling. Try as I might, I only found one chart that liked enough to add to the list. That goes along with the one that wasn’t stopped out last week, to leave us with only two long picks. If the sector takes off, we’ll have a toe in the water, but not a full load. On the other hand, if it tanks, we won’t get hurt.

Table and charts below (subscriber version).

Subscribers, click here to download the report.

The strategy and tactics suggestions in this report are for informational and entertainment purposes, and illustrative of one approach. Nothing in this report is meant as personalized investment advice and you should not construe it as such. No representation is made that it is the best approach, will be profitable, or suitable for you.

Subscription Plans

Try Lee Adler’s Gold Trader risk free for 90 days!

Short term and intermediate cycles are in gear to the downside, but the 9-12 month cycle remains due for one more upleg to a new high of xxxx by xxxx xxxx  (subscriber version).

Subscribers, click here to download the report.

The high base breakout on long term charts that we’ve been looking forward to is essentially complete, and confirmed by a breakout in long term momentum. The initial conventional measured move target is xxxx (subscriber version).

A long term cycle high is due in xxxx.

In the miners, over the  week ended March 18, 14 charts of the 52 mining stocks that I track had at least one buy signal. 42 had at least one sell signal, which means that some whipsawed. These are for swings of 3-5 weeks.

This was the second consecutive week with a majority of sell signals, indicating that the corrective phase that we expected is still under way.

I rescreened the stocks that had at least one buy signal between Monday and Thursday, for repeat buy signals on Thursday and Friday. There were 3. Call me crazy, but I liked all 3 charts enough to put them on the list. They are shown on the table below (subscriber version)..

Over the past week, we started with 2 open selections. They hit their trailing stops and were closed as of that price. The  average gain was 13% with an average holding period of 38 calendar days.  Over the past 3 months including these two, there were 12 picks. 10 were closed with a theoretical profit. Overall, the average profit of the 12 picks was 8.9% with an average holding period of 27 calendar days.

Wouldn’t it be nice if we could annualize that? But we can’t. Our picks are buy side only, and the market often goes months without giving any buys. So it’s difficult to produce consistent profits.

So this week we start anew with 3 picks. No stop prices in the first week. We pays our money and takes our chances, at least at the outset.  Table and charts below (subscriber version).

Subscribers, click here to download the report.

See analysis, table of picks and charts (subscriber version).

The strategy and tactics suggestions in this report are for informational and entertainment purposes, and illustrative of one approach. Nothing in this report is meant as personalized investment advice and you should not construe it as such. No representation is made that it is the best approach, will be profitable, or suitable for you.

Subscription Plans

Try Lee Adler’s Gold Trader risk free for 90 days!

Short term cycles have extended through expected peaks, thanks to the extraordinary circumstances. Projections on the 13/17 week and 9/12 month cycles  have risen and now point to xxxx  to xxxx (subscriber version) up from 2000 last week. We are in the window for highs to form on those cycles. However, given the extraordinary circumstances, I would not assume an end to the spike until we see technical evidence of it, such as trendline breaks and downturns in momentum indicators.

Subscribers, click here to download the report.

The high base breakout on long term charts that we’ve been looking forward to is essentially complete, and confirmed by a breakout in long term momentum. The initial conventional measured move target is xxxx (subscriber version).

A long term cycle high is due in xxxx.

The correction has ended in the mining stocks. Short term cycles rejoined the two longer cycles on the plus side. The 13 week and 6 month cycles are near maximum strength. In bull markets this is not a sign of an overextended trend.  In past bull phases such conditions have lasted for weeks at times. Normally, negative divergences in these numbers would precede price peak in the sector.

Over the  week ended March 7, 46 charts of the 52 mining stocks that I track had at least one buy signal. 30 had at least one sell signal, which means that a few swung both ways. It’s like that.

These are for swings of 3-5 weeks. For the prior two weeks there were a plurality of sell signals. The corrective phase ended with a bang last week.

I rescreened the stocks that had at least one buy signal from last Tuesday through the week, for repeat buy signals on Friday and Monday. There were 34, which is extraordinary. I inspected those charts looking for good entry setups for picks to add to the list this week.

Most had risen to, or just below major resistance. While the trends are all bullish, these are not low risk short term entry points. Then the question was whether to take a shot on a laggard or two. While these are extraordinary circumstances, my answer there was, again, to stick with the discipline. So I’m adding no new picks this week.

Over the past week there were 6 open selections. All had gains. The average gain was 21% with an average holding period of 31 calendar days. That’s up from 8.7% and average holding period of 24 calendar days the week before.

I’ve adjusted stops on all open picks. Table and charts below (subscriber version).

Subscribers, click here to download the report.

See analysis, table of picks and charts (subscriber version).

The strategy and tactics suggestions in this report are for informational and entertainment purposes, and illustrative of one approach. Nothing in this report is meant as personalized investment advice and you should not construe it as such. No representation is made that it is the best approach, will be profitable, or suitable for you.

Subscription Plans

Try Lee Adler’s Gold Trader risk free for 90 days!

Subscribers, click here to download the report.

Gold looks good and so do the miners.

Gold is attacking important trend resistance around 1910. If it breaks through, the next target would be xxxx (subscriber version). The 9-12 month cycle projection is now xxxx, with a high projected between xxxx  and xxxx. However, the 13-17 week cycle projection has been met, suggesting  that a consolidation or pullback is likely in the short run… (subscriber version).

Over the  3 days Feb 16-18 since the last report, 16 charts of the 52 that I track had at least one buy signal. That’s still bullish. A screen of all 52 stocks in the group on Friday, had just two buy signals and 22 sells, as the sector pulled back. It suggests that a pullback or consolidation is due. I looked at the 2 stocks that had buy signals and took a pass on adding any to the list this week.

That will leave us with 8 open selections. All had small gains, with an average gain of 6.9% and average holding period of 19 calendar days. I’ve added or adjusted stops on all picks. Charts below.

See, analysis, table of picks and charts (subscriber version).

The strategy and tactics suggestions in this report are for informational and entertainment purposes, and illustrative of one approach. Nothing in this report is meant as personalized investment advice and you should not construe it as such. No representation is made that it is the best approach, will be profitable, or suitable for you.

Subscription Plans

Try Lee Adler’s Gold Trader risk free for 90 days!