Current Touts

The bearish outcome shown in the chart goes a step further than can be confidently predicted, but it is supported by the pattern itself. Make no mistake, a further fall to the green line would trigger a 'mechanical' buy with excellent odds of success, but only of a limited kind. That implies that a bid there, stop 356.57, is likely to reverse back up to the red line, the 372.25 midpoint Hidden Pivot. Some shares could still be held above it for a play to d=387.92, but I'd suggest taking profits on at least half the position at p. The nearly 8-point stop-loss on entry should be pared down with a camo trigger.

Although Gold was nearly flat for the week, a fist-pump on Wednesday precisely to the 4890.10 secondary Hidden Pivot shortened the odds of a continuation to a by-now familiar target at 5144.00. Although a pullback to the red line would trigger a 'mechanical' buy, stop 4467.50, unless you know how to craft a camo trigger, I'll recommend doing this trade only at the green line (x=4382.40), stop 4128.40, even if the futures are unlikely to fall that far to get a running start on d.

Although the blitzkrieg rallies of late 2025 are fading from memory, the bull market that energized them is still alive, although shuffling along with a more mature gait and stride. Bulls are certainly taking their time getting to the 86.105 garget shown, but it seems likely to be hit later in April. This event will provide an important test of a key Hidden Pivot resistance, since the target is the terminus of a clear and compelling rABC (reverse) pattern. It should offer tradeable resistance in any case, but we should hope for a decisive breakout above it if the long-term bull is to be presumed viable ahealthy.nd

GDXJ popped last week to within an inch of a longstanding target at 133.49, and although it did not quite reach it, price action was sufficiently robust to imply that a new, more ambitious target at 139.49 is now likely to be achieved. It is derived from a lower point 'a' within a larger structure that allows running room to as high as 150.33. First things first, however, so we'll keep our focus on the pattern shown for trading purposes. I don't often recommend 'mechanical' buying at the red line, here 121.17, but in this case it looks worth a try.  A 115.07 atop-loss would apply. _______ UPDATE (Apr 17): Bulls achieved solid gains last week, although without dipping to our niggardly bid at 121.17. The forecast provided above remains viable.

A pullback to the green line (x=6467.33) would trigger an enticing 'mechanical' buy, notwithstanding the bearish drumbeat of a war with no clear ending. Investors demonstrated on Thursday they don't really care about the headlines, so overwhelmingly eager are they to throw money at stocks. Even a big leap in oil prices elicited hardly a shrug. Although NYMEX crude hit $114 barrel at the intraday peak, up 14%, the E-Mini S&Ps ended the session with a short-covering scramble that left the index up five points on the day. I still believe this is just a bear rally, but its near-term potential is to the 6810.00 target shown in the inset, or even to the 7030.75 Hidden Pivot 'D' of a larger pattern I identified in the chat room. The chart shows how a dip next week could make the short-term picture even more bullish. _______ UPDATE (April 8, 8:15 p.m.): Today's deftly orchestrated, rip-'em-a-new-orifice short- squeeze has cleared the way for an almost certain rally to the 7030.75 target identified above.  Its close proximity to the all-time high at 7097 would turn nearly everyone super-bullish, particularly bears, presumably setting the hook for The Big One following a run-up to marginal new highs. Isn't that what bear rallies are for?

MSFT's dip on the opening to the green line triggered a 'mechanical' buy with the potential to reach 387.92. Bulls were halfway there on Thursday when the stock closed above the red line, a midpoint Hidden Pivot resistance at 372.25. If it can do it again on Monday, that would make further progress to the d target all but certain.  I have shown only a portion of the bullish pattern for proprietary reasons, but it is an rABC that meets all my rules.  I still expect the stock to fall eventually to 332.67, which implies that this rally should be shorted aggressively at 387.92, albeit with very tight risk control.

June Gold finished the week with a lackluster performance that nonetheless left intact the bullish pattern shown, with a 5144.00 target. The closing price was about midway along the length of a large range that stretched from 4580 to 4825. That seems excessive and could have pleased no one, but it was not especially bearish even though the futures finished the session with a $114 loss. Looking just ahead, a pullback to the green line (X=4382.40) would trigger an appealing 'mechanical' buy, stop 4128.00.

I've used a pattern similar to the one in the latest Gold tout (see above) to project a rally over the near term to at least 86.105. The previous tout implied the futures would already be there, but I don't recall what I was thinking at the time to suggest that the rally would be so steep. It has already triggered a 'mechanical' buy that paid off with a more than $6 leap. However, if the futures should dip to the green line a second time, I'd suggested taking advantage with a bid there and a 61.20 stop-loss. This implies more than $3000 of initial risk per contract, so a small-pattern trigger is strongly recommended to cut that down by as much as 95%.

Two strong rallies last week improved the look of the daily chart, with a 133.49 target that now looks all but certain to be achieved. Thursday's rigged plunge to an intraday low at 116.13 was quickly recouped, as we might have expected in a healthy bull market. It triggered a 'mechanical' buy at the red line, which confirms the bullish outlook for this ETF, a proxy for the shares of gold exploration companies. If GDXJ were to relapse to the green line (x=110.53), be ready with a bid there and a 102.87 stop-loss.