OEX Trader

 

I only plan on updating this blog when I feel there is something of value to post.
 

Rick Pereira
May 22, 2017
Dailydart.com

Gold and Oil Guy

Dailydart.com updated.

Stock Market Forecast Video

As some of you may have noticed, I was having problems with the data feed last week, and this week as well. I will try and update the below astro chart this week, if I have data working again. My suggested range may still be working on the OEX.

OEX Chart

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May 15, 2017
Dailydart.com

Gold Video


Gold and Oil Guy

Video Commentary

Stock Market Correction Video

The 2400 level, may be becoming insurmountable, looking at this SPX chart. We may be still be in a sideways stock market. DIG, is back on a buy, and above 34, that I have mentioned a few times. I think bulls want to see DIG, stay above the number. The below OEX chart, is back on a sell. So far my suggested range has held. 1048, does look to be holding though. Gold, may be the interesting trade. 115.98 did not really hold on this GLD chart. 112, may be in the cards, if we are still going lower.

OEX Chart

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May 8, 2017
Dailydart.com

Video Commentary

Dailydart.com updated.

Looking like a good start for May so far! We got the close above 2397, on this SPX chart. Bulls, may get even more bullish, with a close above 2400.98, on this SPX chart. The QQQ's, may be confirming the move higher as well. This NYA chart, worries me though. It would be good to see that index, moving higher as well, but the chart is showing us non-confirming momentum. IWM, may have peaked as well. Good stock picking, may be the best bet for traders. The below OEX chart, is on a buy. A close above 1066, may clear the upper Fibonacci zone. DIG, holding the low from last year, may be all the bulls need to see a summer rally. GLD, may be very bullish if we see 115.98, holding if tested, looking at this weekly GLD chart.

OEX Chart

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Active Trading

Gold and Oil Guy

Video Commentary

A new month! We are still waiting on spring here, if you can believe it. GLD, is still keeping us guessing, but this GLD chart, is on a sell. Bulls, do not want to see a close below 120.62, or we may be looking at gold, still continuing to go lower. This month may be very important for the SPX, looking at this monthly SPX chart. Bulls want to see a close above 2397, this month so see the rally continue. The below OEX chart, is on a buy. However, our VIX chart, almost made it back into the sell zone. May I still suggest a trading range for the OEX, with 1063.33, being a possible high. 1030, may be the low, if 1048, is taken out.

OEX Chart

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April 24, 2017
Dailydart.com

Gold and Oil Guy

Gold Commentary

Video Commentary

Dailydart.com updated.

Not so rushed updating my blog this weekend. Starting to get used to almost working full time again. Looks like the stock market, is getting used to sideways though. I think traders should note 133.48, on the QQQs. We may have a shot at making another possible high this week, if we get above the number. Fours years of sideways action before the next push up? Keeping interest rates low could do that for us. 133.48. may be in even more noteworthy, looking at MAJ, on the OEX. We could already be set for a rally, but I will not make that call. DIG, is still on a sell along with this OEX chart. Posting the below SPX chart. 2365.37, looks to be the number to see the SPX rally. 34, looks to be the must hold number on DIG. GLD, could contunue to do well, with 120.78 holding.

SPX Chart

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April 17, 2017
Dailydart.com

Modest Money

Gold and Oil Guy

Dailydart.com updated.

We may be going a lot lower with the SPX, breaking 2334, on the weekly chart. A number that may suggest we are not going a lot lower, may be 2337, on our Bradley chart. If the SPX, could stay above the number, we may continue to see further sideways this week. The below OEX chart, stayed on a sell. A break below 1025, on the OEX, may confirm as well. DIG, is on a sell, and may not be much help. The Yen, has also weakened, and may be set to see stocks, continue to drop. Staying below 109, on the Yen, may help the bears. GLD, so far has followed a perfect script. Look for 121.34, to be support, or we may see gold, continue to drop.

OEX Chart

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April 10, 2017
Dailydart.com

Active Trading

Gold - Eagle

Gold and Oil Guy

Video Commentary

Dailydart.com updated.

I think we need to believe that the stock market, has priced in rate rises for the year. Sideways, may be pricing the rise in rates. I am not sure if most countries are following the rise in US, rates though. So far I believe Canada, has not. A lot of chart I look at, our on sells, such as the below OEX chart. I just can not think of any news, that may cause a major selloff. If the SPX, were to fall below 2334, on this SPX chart, it may indicate we are going lower. We may need to see the SPX, get above 2362, on this SPX chart, to see the market rally. GLD, broke above my number. 117.60, may be a number gold, needs to stay above. I think gold, may stay in a range 120.67 on the high side, and 116.29.

OEX Chart

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April 3, 2017
Dailydart.com

Modest Money

April already, looks like no January Effect, this year. Stocks, have just gone sideways so far. I have to reference our IWM chart, again. 139, still looks to be a key number, to see a possible see a breakout. BBRY, looks to have spiked up from the lower end of the current range. I think they released some good earnings, but it does not look like they are venturing back in to the mobile market. I see Apple phones everywhere. They may need a similar type of phone to compete in that market again. Our DIG chart, is back on a buy. We may see continued sideways this week. The below OEX chart, looks to have just gone back on a buy. Above 119.25, on GLD, and we may see a breakout for gold.

OEX Chart

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March 27, 2017
Dailydart.com

Gold and Oil Guy

Video Commentary

Thank you for staying with us, I have been working almost full time hours the last few months. I still have time for weekend blog updates. Some charts are still being updated on a daily basis. It is looking more than likley with IWM. Our IWM chart, so far has been more than correct, in indicating a possible stock market, top may be in place. It may take a move above 2335, on this SPX chart, to see a bull trend continue. Our daily VIX chart, still looks to be on a sell. DIG, looks to be at important support on a few charts. We may see sideways continue this week. Dropping below 1030, on the below OEX chart, and we may see further selling. A move above 14.50 on this weekly, VIX chart, could confirm. GLD, has not disappointed with the move above 115. GLD, may continue to be bullish. Bulls want to see a bounce off 117.90, on this GLD chart

OEX Chart

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March 19, 2017
Dailydart.com

Gold - Eagle

Active Trading

Video Commentary

Modest Money

Dailydart.com updated.

I had a busy two weeks. Sorry, I was not able to update charts for a few days, last week. I look to be getting even more hours, in the coming weeks. I think I will  be able to keep this blog, updated on the weekends. We will see how it goes. Not sure where stocks, want to go this week. They are still being held up, with low interest rates. It is still looking like IWM, has topped. Stocks, may be being held up by the Yen, which looks to be in rally mode. Any major changes with currencies this week, and we could see the stock market, correct. The OEX fell out of the Fibonacci zone, at 1057, which I have been referencing the last few weeks. I do update that chart on a daily basis. If the OEX, can no longer hold above 1057, a correction may have started. GLD, blew by my 115, number last week. Stocks, like HL, benefited. Here are some other gold stocks, that I linked for traders.

OEX Chart

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March 13, 2017
Dailydart.com

Active Trading

Modest Money

Video Commentary

Dailydart.com updated.

Never short a dull market comes to mind. We have to consider that IWM, may have a short term top in place, that may be setting us up for more sideways. Our Yen chart, still looks to be on a buy. DIG, getting above 39.21, may help the bulls out. The OEX, staying above 1061.62, may help the bulls out as well. One GLD chart, shows the stair step decline in gold. A move above 115, may setup a bull run. What kind of rise in rates, could set that up. A quarter point should be fine, anything more, and we could see the stock market, selling off. 

OEX Chart

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March 6, 2017
Dailydart.com

Active Trading

Video Commentary

Dailydart.com updated.

I did mention UAA, the other day. Still no turn around for that stock. We may need to see stocks like UAA, to rally soon, or we may be headed for a market correction. Another warning sign might be Apple. A move above 141.26, may postpone any correction this week. The OEX, did break-out above my 1049, number, but that may have been it. Look at VIX, dropping below 11, if you can believe it. A move above 12, might indicate a correction has started. Staying below 1058, on this weekly, OEX chart, might be good for the bears. Another challenge for the bulls, may be to see the SPX, get above the Saturn Price line, on the below SPX chart, at 2400. It looks like Monday, is a Bradley. Might indicate the tone for the stock market, for the whole week. HL, is near the bottom of a recent range. May be a good buy, if GLD, is able to break above 118, this week.

SPX Bradley Chart

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February 27, 2017
Dailydart.com

Active Trading

Video Commentary

Dailydart.com updated.

Looks like DIG, and the Yen, could set the tone this week for stocks. We may see further weakness, if the Yen, keeps dropping. It is staying above my 111, number though. Here is a looks at a weekly DIG, chart. 35.22 may be the ultimate support, if we continue to see more downside with DIG. We have seen a rally with GLD, off my number,
114.33, on the monthly chart. I think we may find out if my 117.98, number on the daily chart, will offer support. We may not see a pullback. I wonder if we will continue to see low interest rates for a long time, because of government debt. Looks like a very tight range for the OEX, this week, looking at the below OEX, chart. A break of 1049, and we could see further rally. Taking out 1042, and we could see some downside. 

OEX Chart

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OEX Trader