I know this is so last week but you have to admire how quickly Gold broke down. The chart reveals that it broke through its 50 DMA within in two trading sessions and could even head lower from here. A lot of people think the top in Gold has happened and I probably [...]
I wrote in my Stock Signal Reviews - Boeing and The S&P500 post yesterday that you can use Stock Neuromaster to create buy and sell signals for Futures data as well. If you can download your quote data into a CSV format (or at least transform it to CSV), then you can import that [...]
This week I featured the neural net models of Boeing Company (BA) and the S&P500 Index and indicated if each model had issued a BUY or SELL signal recently.
For my BA post, my neural net model issued a SELL signal on 2/26/08 (for 2/27 open) to establish a short position. It then issued a [...]
The year is beginning to wind down and I’m looking forward to closing out my Forex trading with at least one position in AUDUSD and possibly a second in EURJPY if my buy order gets triggered when London opens. All this intervention by the banks can’t stop the overall trend for currencies until they [...]
It’s beginning to look like Gold is breaking out on the daily chart but we must remain cautious, this could be a fake out. Then again, why would it be a fake out? The world reserve banks, ours included, have been dumping so much liquidity into the system to help soothe the sub-prime [...]
Babak posted about a possible double top forming in Gold (and Oil) in his blog a few days ago. While I agree with his technical analysis on the daily charts, I disagree with his conclusion that Gold has topped out. In my mind, Gold is driven 80% by fundamental reasons instead of technical analysis. If [...]
It sure looks like Gold broke out in September as featured in this monthly chart. I’m going to go long a few shares of GLD in my wife’s 401k account today. Why? Buying breakouts works reasonably well in trend following and they work fantastically if the stock is at all time highs.
As long as [...]
