Auguraltrader

Auguraltrader

As with the earlier chapter on Nasdaq, the S&P500 similarly, if not more, appears to have been over stretched and first signs of stalling are in place. Currently on the target level set out previously, there are two main choices for this week... firstly, to have renewed momentum to push higher past 3400, or roll over and rest 3200 support. Let’s see...

Auguraltrader

The Nasdaq technology index has been leading the markets since March, and has been pushing higher and higher. However, of late, the push is weakening visibly, as seen in the chart, and also through the MACD technicals. More recently, a short rising wedge Is appearing and with such wedges, I would be looking for the breakdown of the wedge support (red line). But...

Auguraltrader Updated 

The target previously posted hit target spot on time ! So what’s next? I would hazard a projection that despite the parabolic run, it still might have some legs to go, but am expecting the next target area (green ellipse with red outline) to be volatile. Not expecting a close above 30.30 though... it is just over stretched. IF silver still continues, the;we are...

Auguraltrader

It all started with gold prices falling in 2018, and after a while, I started looking for potential opportunities in Gold. What followed was a long time friend by the same namesake suddenly popped up to ask for my opinion specifically about gold... and this was two years ago today, short of a few days, in mid-August 2018 (see chart by zooming out). Since then, the...

Auguraltrader

Since March 23, 2020, a massive bull run in the S&P500 and other equity markets had beholden the masses, shocked the institutional and professionals. Thing is, I noted a particular pattern or two here, as in the chart. First, there is a confluence of a pitchfork channel resistance and the regular horizontal resistance that maybe strong enough to stop the waning...

Auguraltrader

The 4H Gold futures chart GC1! is showing a stall in prgoress, after a two week massive rally that saw Gold move ~10% since 20 July. Clearly, this is a late phase of the current rally, and MACD is showing bearish divergence upon retracement. In cases like these, Gold is now rangebound between the green and red resistance and support lines, respectively. It should...

Auguraltrader

I just had a thought about the Nasdaq long term chart, and its behavior. Noticed an interesting phenomena, and then mapped it out. Apparently, the Nasdaq has a consistent limited rally span, over the years, with an increasingly compressed time frame. This round, it might have overextended, and surely looks parabolic. I wonder... do you?

Auguraltrader

Was just having an interesting conversation with a friend earlier today, and this is dedicated to those interested, as he is, in gold. The Monthly Gold GC1! Chart analysis shows a couple of patterns... Firstly, it is obvious that Gold does a hard rally, dip dive and then higher high type of pattern over the years, spanning larger and larger magnitudes. Each...

Auguraltrader

The Gold chart shows a magnificent bull rally recently, and it stopped short just before 2000. The candlesticks indicate a possible stall, albeit temporary. The MACD is similarly pointing to a stall of sorts too. Given that Gold likes to rally hard and stall, it is likely to be retracing to about 1920-1940 area, before a last attempt to 2000 (or Intraday pop to...

Auguraltrader

The Hang Seng Index had a boosting rally a couple of weeks ago, but lost its hold at the top of the channel and had been working its way down slowly since. Unlike the STI, the HSI appears relatively stronger given the environment and situations it has been in, particularly over the past year and a half. It is a t the lower end of the channel, and candlesticks...

Auguraltrader Updated 

As posted on numerous occasions recently, the STI, as expected and accurately enough , broke down and ended the week at the interim downside target. This breakdown did not appear to have very strong momentum, although it appears to be technically committed. Hence, expect next week to be slightly bullish, perhaps to retest the resistance. So far, taking stock of...

Auguraltrader Updated 

Really painful to see a large (relative to Singapore) bank break down slowly like that... Technically, it reeks of a bearish bias, but is not advancing with commitment. Instead is slowly breaking down the supports, from the trendline to the widening wedge, and yesterday, a critical level to close at a lower low (after a lower high weeks ago). It is possible for a...

Auguraltrader

Last week, the train left the second last station... this is a huge triangle breakout (zoom out chart to see it!), that was cleared with decent momentum, MACD support and an increase in volume. This week is half done, and it already appears to have clocked the volume of last week! Expecting at least 50% more volume this week (ending Monday 8am SGT). Technicals...

Auguraltrader

Recently, there was a lot of hype on precious metals, and Silver outshone Gold (finally!), particularly over the last week or two. This who are in positioned find themselves wondering when this parabola will end. And I’ve been asked one too many times for a projected expectation. While I do not have a crystal ball (at all), price target is calculated to be at ...

Auguraltrader

With less than 12 hours to close the weekly candle, ETHUSD clearly broke out significantly of a multi year triangle and with such gusto, gaining over 25% over the week!!! All systems bullish and MACD is supportive for a rally with legs. Projections take the upside target at 520, with room to surprise. Meanwhile, it is possible for a retracement to test support...

Auguraltrader

In an interesting comparison, Singapore Bond Yields precede the TLT (blue line) slightly, especially in the recent year. See the elllipses marking out the break points, and SG Bond Yields are leading. Noted that the SG Bond Yield has been strongly downtrending, ahead of the TLT bullishess (inversely indicative of the US Bond Yields). I think it signals the...

Auguraltrader

Looking into BTCUSD as a proxy for cryptocurrencies, it’s recent stall over a number of weeks appeared dangerously bearish as it typically “drops off a cliff” style following low volatility consolidation for weeks. This time however, the consolidation was relatively muted and this week appears to have a potential spark in the pan. Earlier in the month, the...

Auguraltrader

and it will burn out in the coming months . This presents a very good opportunity to board the train at the last station of call, without a doubt. Thing is... expect a good pullback mid to late August (3-4 weeks time) and Gold should be good for the picking towards the end of the year. Technically, Gold is very bullish, and a real trade entry is marked on 14...