2110 Resistance ($SPX)

Model Gold Portfolios: Gold = Long 4/17, S&P 500 = now Short 4/21

Technical Read:

  • CTM150421Gold: Gold tried to break below support (114.50, GLD basis) but closed north of support at the close. Todays’ trading featured gold bears on their heels as reports of Iranian weapons transports possibly squaring off with the US Navy. Nonlinear trading analysis indicates the next move should be skyward. The model gold portfolio is long.
  • CTM150421sS&P 500: Largecaps rallied back up to the 2110 level but hit sellers. Nonlinear trading analysis has turned decidedly negative, issuing a ‘sell’, and avoiding the usual neutral position between signals. Somehow, it feels right to have to have the stock signal opposite the gold signal. Increased conflagration chances are not the friends of equities. The model largecap portfolio is now short.

Premium offers:

  • Bond Trading Signals. I am offering a similar Mummy process for Treasuries. See the “Bond Trading Signals” tab for more info. Currently available.
  • Currency Trading Signals. I am now offering a similar Mummy process for currencies. This service will involve two signal paths, one on the US dollar and the other on a user selected second currency (1+1).The fee will be the same as the bond trading signals. Currently available.

GH Garrett – Veteran Commodity Watcher for Conquer the Mummy .com “Nonlinear signals that matter in gold trading.”

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