Model Gold Portfolios: Gold = Long 3/31, S&P 500 = Now long 4/7
Technical Read:
Gold: Gold gave back some of the previous day’s gains but the trading trend is still intact. The price is still north of the previous peak on March 26th (116 GLD basis). Nonlinear trading analysis indicates that the previous support area of 113.5 (GLD basis) should hold. We may pick up some buying interest going into the weekend too. Model portfolio is long.
S&P 500: Today premiers the first entry signal during the post-Easter 30-day trial on the S&P 500. Previously, I mentioned nonlinear trading analysis indicated that the 2045 support level would hold. Today the models are more venturesome and a “buy” (I.E. LL) signal was generated. The model largecap portfolio is “long.”.
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.”