Author Archives: pricentime

Caution: Gold Miner GDX Daily Cycle Top is In

GDX had 18 weeks selloff since mid August 2016.  It finally bottomed on 12/20/2016 at 70.7% retracement of the entire advance it made in 2016.  It is currently in the 3rd week of the new weekly cycle.  It is 12 days into the daily cycle.  The top @ 23.35 made on 1/5/2017 met 38% retracement resistance of 23.63.  The top is in.  We expect

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Is Rising Dollar Good or Bad?

The relationship between the U.S. dollar and the stock market is one of the most complicated and confusing subjects.   Historically, stocks have done well during periods of dollar weakness and dollar strength.  The dollar’s impact on stocks needed to be filtered through the lens of the commodity markets.  A falling dollar, for example, can be bearish

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What’s Beyond Internet and Mobile?

Technological advances have always been a force of nature in human history.  Humans can’t sit idle.  We are always consciously or subconsciously making stuff as our hands are extensions of our brain.  Innovations set us apart from the other four legged animals.

Amazon is a good example on how a matured Internet has changed our lifestyle. 

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S&P 500 Cycle Location

The cash S&P 500 index made a new high today.  The weekly and daily cycles are running on schedule without any anomalies.  We have an 18-day first daily cycle, and a 20-day second daily cycle.  The second daily cycle took 12 days to finish the bottoming process.  That 12 sideways down days included the last five trading days in 2016, which

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Member Blog – BAC Multi-Year 2009-2016 Breakout

BAC was a major casualty of the post financial crisis in 2009.  BAC purchased Countrywide Mortgage for 2 billion dollars.  The total fines BAC  paid to the various government/regulatory agencies was around 50 billion dollars.  BAC has been lagging in the banking sector.  BAC’s vast banking branches collected handsome amount deposits.  In a rising interest and less regulatory environment, BAC should perform. 

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