Webinar

With Gold and Silver futures moving energetically higher, we lingered on their charts to find a way aboard. In both cases, we looked for “timed buy-stop” set-ups because the rallies had been consolidating for long enough to be ready for a fresh leg up. From an analytical standpoint, the uptrends presented some interesting challenges, since they were occurring within the context of a larger, bearish picture that points significantly lower.

Apple is arguably the key bellwether for the U.S. stock market right now, and that’s why we are monitoring its vital signs very closely. Over the last two days, although the broad averages have fallen along with Apple shares, the stock left a bullish marker on the daily chart before it began to recede. With weak earnings reports due over the next several weeks, our gut is saying “Sell everything!” However, you’ll see in this recording why there are reasons to believe the stock market may be developing thrust for another leg up.

We came to this session with a “live” trade on in Comex Silver that provided us with a compelling vantage point to watch the trade develop in real time. This lesson will be of particular value to any trader using “camouflage” who has wondered how much we can reduce the risk in Silver futures, where $25 ticks can be punitive if one gets it even a little bit wrong. Even though this trade had everything going for it from a technical standpoint, we were nonetheless hard-pressed to find a way that we might have reduced the theoretical entry risk to our established benchmark of $70 per contract.

Even in bear markets there will be buying opportunities. This is so not only because bear markets produce spectacularly tradable rallies, but because they all end at some point. It was with this in mind that we pored over the charts of, for one, Silver Wheaton, a stock for which I’d written an epitaph of sorts in a recent Rick’s Picks tout. Lo, amidst a long dirge that by now will have frustrated many bulls, there is a buying opportunity taking shape just below current levels. Similarly, although the Aussie dollar looks bearish at the moment, 97 cents on the U.S. dollar may be as low as it wants to go. Check out this recording if you’re interested in either -- or in Comex Gold, which we looked at in exhaustive detail.

If Papa Bear has indeed come out hibernation, we’ll need to be particularly cautious identifying trading opportunities. Under the circumstances, many of our favorite vehicles, particularly gold and the E-Mini S&Ps, could start to behave in new and unaccustomed ways. This lesson focused on schizoid price action at ‘p’ midpoints – something that will take some getting used to if stocks, bonds and commodities are in fact in the throes of 180-degree turns.

It’s still speculative at this point, but evidence is growing that U.S. stocks may have entered a bear market. If so, it will have begun with the powerful impulse leg from early May’s highs. This occurred not only in the broad averages, but in such key bellwethers as Apple and IBM. As the bear develops, our trading strategy will need to evolve to exploit the violent rallies and unexpected dives that lie ahead. In this lesson, we consider some specific strategies that are applicable now, as well as others that will likely come into play over time.

The Dow was on its way to a 160-point loss as traders flocked to the dollar and “riskless” Treasuries, and so we took a leisurely and look at some charts that might otherwise have induced vertigo. Bellwether Apple was in state of ambivalence after having rallied from its deepest hole in years, affording us an opportunity to handicap the odds of its being in a bear market. Finally, we found new assurance that T-Bond futures are (still) on their way to the moon.

Stocks were getting hit hard when we looked in on them during this session, giving us an opportunity to pore over tradable subtleties in the charts of vehicles that were tracing out big swings. Gold and the E-Mini S&Ps were about to rebound sharply that day – see if you can spot the telltale signs -- but T-Bond futures never even swooned and looked strong enough to forge higher in the weeks ahead.

The markets were in the throes of tedium when we looked in on them this morning, affording us an opportunity to ponder a bigger picture than usual in some key vehicles that we track. T-Bond futures, for one. The Rick’s Picks forecast has been extremely bullish, for reasons that leap from the weekly chart to the eye. Yields on 30-year Treasurys could go below 2.5% if the futures contract fulfills its technical destiny. Gold, on the other hand, could fall all the way to $1400 on completion of a clear ABCD correction pattern from last summer’s high. This session is an eye-opener and a must-see for traders and investors concerned about the long-term trend.