A Look at Energy – Oil and Gold
Oil and energy stocks have a bit further to rally but I do not expect either to get very far before the next daily cycle low comes due. This video will show you the likely trajectory of future price performance in the energy markets over the next several weeks.
Stocks: Election Jitters Coming?
Everyone seems to think we are going to get a big sell off right after the elections. I doubt that will happen as we will be entering the most bullish time of the year (not to mention the Nasdaq is breaking out of its 15 year consolidation). The last two intermediate cycles were about normal in duration. I expect this cycle to stretch a bit and possibly not bottom until January.
Gold Cycle Low
Gold has completed a daily cycle low and is beginning a new bullish daily cycle.
This video discusses the precarious position the stock market finds itself and discuses the implications for a future correction. This setup may have an adverse effect on the oil/energy markets.