AssetDesign

AssetDesign

Don't count the Fed out just yet. They are good at blowing bubbles, especially with a major election near at hand. While many Fed members have backed down on immediate rate cuts, some say that the Fed has no choice but to lower rates to prevent a major liquidity crisis. With this in mind, our current move stemming from October 2023 might be an extended wave 1...

AssetDesign Updated 

With Gold already having broken out to new highs, it's just a matter of time before the miners and streamers do the same. Believe that we are beginning a third wave of an impulsive move higher. Should Wave 3 play out to 1.618 of wave 1, we get a measurement of $77. That coincidentally is also a target price based on a reverse head and shoulders formation. Some...

AssetDesign

While many are in the "glass half empty" mode, interpreting the market to be completing a B Wave with a C wave, equalling or surpassing the previous lows of last October, Could be that we are entering an Explosive Wave 3 of 3 of 3. WIth this in mind, I caution myself to get sucked in to put buying even as the market looks toppy.

AssetDesign Updated 

Looking at the very long term of WPM, one can interpret a 5 wave picture. If so, how high can it go? Wave 5 in commodities is generally the longest wave.

AssetDesign

BNO appears poised to break out to the upside. A breakthrough of the recent high just under 33.50 may indicate the beginning of a wave 3. Also appears to be wave 3 of a higher degree. The fibs show significant profit potential. I am placing a buy stop at 33.50.

AssetDesign

Standing out recently for not participating along with other oil stocks moving higher, APA has the potential to triple should the wave 3 unfold as illustrated. I've been building a position at this level.

AssetDesign

Reviewing a longer term chart of Alcoa, it's hard to miss the cyclical nature of this stock. Regularly hitting cycle lows in March each two years. Stochastics still falling and a closer analysis indicates that there will be one more leg down. However, now is the time to put this one on your radar. I have already taken a position but had sold January calls to...

AssetDesign

FXI appears to have put in a double bottom and may be setting up for a bull run. At the very least, if the current formation is just part of a corrective flat wave, then we can expect the coming C wave to equal the A wave, putting FXI at 33. Sentiment is horrible for the China markets. I.e., screaming buy

AssetDesign

Higher prices from here could indicate that we are in a small A-B-C correction, with the C wave to come. This could mark Wave 2 of the move with a more explosive Wave 3 to come. A 1:1 ratio for wave 3 to wave 1 puts SPY at 535. A more common 1.618 of wave 1 puts SPY at 577. Perhaps only an interest rate spike will put a dent into the market. Doubtful that...

AssetDesign

Been seeing some smarter people than I calling yesterday's high the wave 5 of 5 of 5 and perhaps the top of the B wave with a massive C wave to follow. But looking at the like drawing, today's sell off looks merely like an extension with a continuation of wave 3 to come. Unless the AI stocks start to cool down, anything is possible.

AssetDesign

GLD is exhibiting a 5-3-5 zig zap correction pattern. We appear to be in the C wave in the third move with a wave 4 and 5 yet to complete the formation. Price is also approaching the .382 fib level, often a good retracement level. Next upmove should be explosive with many projecting to the 230 level.

AssetDesign Updated 

The first impulse move off the low illustrates a possible 5 wave impulse structure. Assuming we are in wave 4, a fifth wave, most likely exceeding the high of wave 3 can push AA to 35-36 over the very short term. Watching to see if the closing low of three weeks ago holds. This has often been a trigger for my trades.

AssetDesign Updated 

While the price of oil and other oil stocks have been on the move higher, APA has dignificantly lagged. Wave count indicates that the correction is over and higher prices ahead. Wave 3 projection shows prices exceeding 100 at 1.618% reading.

AssetDesign

The bull case continues to prevail and a new wave structure is unfolding. It appears that we are in the third wave of a third wave up. A 1.618 wave projection shows that price can reach 580. Following the current trendline, this price could be achieved in July. As wave 3 moves are generally the strongest, one can load up on cheap option spreads like the...

AssetDesign Updated 

We can view this look as a 5-3-5 Zig Zag correction. The 3 wave is now or about to be completing. The C wave down, which would occur in five waves can be expected to reach equality, C = A, at the 355 level. Adding Jan25 500 Puts for portfolio protection

AssetDesign Updated 

Possible that we can be starting impulse waves higher. Assumption that we are now starting wave 3 with a projection of 1.618 pushing price to 50 level

AssetDesign

Pretty distinctive Reverse Head and Shoulders look. Breakout projection points to 236. Wave formation may be wave 3. 1.618 fib of wave 1 projects to the 236 level as well. The neckline has been heavy resistance for years now but the wave structure points to a big 3 of 3 run that will smash through and start its run. Physical is better for long term ...

AssetDesign

Saw some comments calling the top and today's action, the start of the Much Expected Wave C. I was looking for today's decline thinking it's Wave 4 of the current move with wave 5 to carry the market up to 500. Reviewing the "looks", This view shows that SPY broke to new highs and this down move is the test of the breakout level. I took a long position at...