Surf City
Surf City is a pseudonym for a 60-year-old retired Information Technology Executive and Software start-up Entrepreneur living near the beach in California. He has been an active investor and trader since the mid-1980s. Analytical by nature, his sound investments over the years allowed him to retire at a relatively early age of 55. In addition to the standard Technical Analysis tools of Edwards and Magee, Surf is a disciple of Walter Bressert’s Cycle Methodology and Stan Weinstein’s Stage 4 Market analysis. Surf combines these skills to develop his unique “Cycle Price Channels.” Some call them “Surf’s ForkCycles.
Surf City Articles
Cycle Status/Outlook: Short term bullish after another new ATH on the SPX this week on day 21. We are slightly lower on day 23 but a 21 day high shifts the odds in favor of a right translated cycle that will make a higher low.
At least in the short term anyway? Remember, that based on my USD update from yesterday, I am still looking for a 5-6 month Intermediate Cycle Low (ICL) in the USD. The Dollar has rallied hard off yesterday’s low and as you would expect,...
I am cautiously bullish with today’s new high in gold and GDX on day 13. Silver also made a new high on day 12 but is still lagging gold out of the recent low. Note that I have used GLD and SLV in my charts today as the price prints for...
Short-term we have started a new Trading or Daily Cycle. The much bigger question is have we also found a 5-6 month Intermediate Cycle Low? That is still an open question. I have Gold on day 4 and GDX on day 5 of their new Trading/Daily...
This post will use Weinstein’s Stage Analysis to examine where we are in both Gold and the USD. For this analysis, I will use Weekly charts and highlight the Weekly 30ema as a guidepost for our analysis.
From Venice…GDX closes above the 10ema which is a good first step, IMO.
Based on Time and Price action I am seeing, I am expecting the next Intermediate Cycle Low (ICL) for gold and PM’s either in mid-May (this week or next?) or it could move into mid-June. Why the one month variation? That is about the time...
Seems everyone (me included) is trying to spot when the next Intermediate Low in gold and PMs will be. Again, one of the things I am looking for is a failed short term Trading Cycle to confirm the move into the next Intermediate Low.
First, let me say that a new high by gold in week 16 of this current Intermediate Cycle is an extremely positive development as we now have a setup which should ensure that gold has a Right Translated cycle that makes a higher Intermediate...
Beyond the 5-6 month Intermediate Cycle and Yearly Cycle (2-3 Intermediate Cycles), there are also longer Cycles for all assets. Gold for example has a 4 Year Cycle and the USD has a 3 Year Cycle (all cycles measured Low to Low). The USD...
