first majestic silver

Technical Analysis Of Major Markets

September 1, 2015

GOLD

In the overnight session gold reached a high of 1144.00, at the time that this Post was being written. This rally above 1140.30 satisfies our minimum requirements for a completed double 3 wave pattern rally from the 1117.00 low.

In the bigger picture, we are working on the assumption that wave .i. ended at 1169.50 and that the current drop is an incomplete wave .ii..

We believe that wave .ii. looks like:

*a* = 1117.00;

*b* = 1144.00, if complete. Wave *b* should rally between 50 to 61.8% of the wave *a* drop which is 1143.40 and 1149.60, respectively.

*c* drop to at least the wave *a* low of 1117.00.

Our 50 to 61.8% retracement levels are 1121.10 and 1109.50, respectively.

The series of overlapping waves that are visible on the Intraday Chart could also be part of a bullish wave .iii. rally is that is just getting underway.

In that regard, a rally above the 1169.50 high, now, would suggest to us that wave .ii. ended at 1117.00, and gold have already started a sharp rally in wave .iii!

We are long 20 positions, risking to $1072!

CRUDE OIL

It looks like wave *i* ended at 49.33, as shown on the attached Daily Crude Chart!

If that is the case, then we should expect at least a 3 wave corrective setback that retraces between 50 to 61.8% of the entire wave *i* rally, as the next big event. Those retracement levels are:

50% = 43.54;

61.8% = 42.17.

There is also an outside chance that wave *i* is NOT complete at 49.33, and we should move higher again from here. 

Here’s our view of the long term chart:

In the overnight session crude dropped to a low of 47.03. While we just booked huge profits, we plan to buy again, when we get to the end of wave *ii*!!                                                     

S&P500

The S&P Futures were significantly weaker in the overnight session, dropping by about 40 points, at the time that this Post was being written.

We are either dropping in wave -v-, which should reach at least the wave -iii- low of 1867.01, or we are starting the collapse of the S&P in wave .iii. of -iii-. At the moment it is too early to say.

We booked massive profits on our first load of SP500 short positions, and have now shorted more, ready for what could be a very violent month of September.

Here’s the bottom line for the big US stock market picture:

A major top in the S&P looks to be in at the 2132.84 high and we are now heading lower in a multi-year wave C. Our minimum target is the 666.79 low, reached in 2009.

We are short 5 positions, with 1975 calls for protection!

USDX

The USDX reached a low of 95.21, in the overnight session, before recovering. Our updated count is:

.i. = 93.17;

.ii. = 98.41;

.iii.:

*i* = 92.54;

*ii* = 96.35, if complete. The 61.8% retracement level is 96.17.

*iii*:

^i^ = 95.64;

^ii^ = 96.26

^iii^ is starting now, so we should see the USDX drop very sharply, very soon, if this analysis is correct.

We are short 5 positions, risking to 98.42!

NATGAS

It’s possible that a major low in Ng was achieved at the 2.48 low. If this is the case, then a possible bullish count would be:

-i- = 3.11;

-ii- = 2.56;

-iii-:

.i. = 2.96;

.ii. = 2.62;

.iii. rally is beginning!

EURO

The attempted breakout over the neckline was false, and that has delayed the launch of the massive C wave higher we are predicting. 

XAU/HUI/GDX

Gold stocks are poised to rally much higher, but they aren’t going anywhere until gold itself start its C wave rally.  As noted in the paragraph on gold, there are signs that gold is on the cusp of launching that rally. 

We are long the GDX, ABX, KGC, NEM, CRJ, and TSX:XGD, with no stops!

CLAUDE RESOURCES

Claude is our “bell weather” stock for the entire gold stocks sector.  It’s a small company, but extremely well-managed.  We have a Ewave target of .98, and we think a move above $1169.50 by gold would see Claude hit that target, and see an across the board move higher in the entire gold stock sector!

******** 

Email: [email protected]

Website: www.captainewave.com

Risk: CAPTAINEWAVE.COM IS AN IMPERSONAL ADVISORY SERVICE. AND THEREFORE, NO CONSIDERATION CAN OR IS MADE TOWARD YOUR FINANCIAL CIRCUMSTANCES. ALL MATERIAL PRESENTED WITHIN CAPTAINEWAVE.COM IS NOT TO BE REGARDED AS INVESTMENT ADVICE, BUT FOR GENERAL INFORMATIONAL PURPOSES ONLY. TRADING STOCKS DOES INVOLVE RISK, SO CAUTION MUST ALWAYS BE UTILIZED. WE CANNOT GUARANTEE PROFITS OR FREEDOM FROM LOSS. YOU ASSUME THE ENTIRE COST AND RISK OF ANY TRADING YOU CHOOSE TO UNDERTAKE. YOU ALSO AGREE TO BEAR COMPLETE RESPONSIBILITY FOR YOUR INVESTMENT RESEARCH AND DECISIONS AND ACKNOWLEDGE THAT CAPTAINEWAVE.COM HAS NOT AND WILL NOT MAKE ANY SPECIFIC RECOMMENDATIONS OR GIVE ADVICE TO YOU OR ANY OF ITS CLIENTS UPON WHICH THEY SHOULD RELY. CAPTAINEWAVE.COM SUGGESTS THAT THE CLIENT/MEMBER TEST ALL INFORMATION AND TRADING METHODOLOGIES PROVIDED AT OUR SITE THROUGH PAPER TRADING OR SOME OTHER FORM OF TESTING. CAPTAINEWAVE.COM, ITS OWNERS, OR ITS REPRESENTATIVES ARE NOT REGISTERED AS SECURITIES BROKER-DEALERS OR INVESTMENT ADVISORS EITHER WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION OR WITH ANY STATE SECURITIES REGULATORY AUTHORITY. WE RECOMMEND CONSULTING WITH A REGISTERED INVESTMENT ADVISOR, BROKER-DEALER, AND/OR FINANCIAL ADVISOR. IF YOU CHOOSE TO INVEST WITH OR WITHOUT SEEKING ADVICE FROM SUCH AN ADVISOR OR ENTITY, THEN ANY CONSEQUENCES RESULTING FROM YOUR INVESTMENTS ARE YOUR SOLE RESPONSIBILITY.

ALL INFORMATION POSTED IS BELIEVED TO COME FROM RELIABLE SOURCES. CAPTAINEWAVE.COM DOES NOT WARRANT THE ACCURACY, CORRECTNESS, OR COMPLETENESS OF INFORMATION AVAILABLE FROM ITS SERVICE AND THEREFORE WILL NOT BE LIABLE FOR ANY LOSS INCURRED. DUE TO THE ELECTRONIC NATURE OF THE INTERNET, THE CAPTAINEWAVE.COM WEBSITE, ITS E-MAIL & DISTRIBUTION SERVICES AND ANY OTHER SUCH "ALERTS" COULD FAIL AT ANY GIVEN TIME. CAPTAINEWAVE.COM WILL NOT BE RESPONSIBLE FOR UNAVAILABILITY OF USE OF ITS WEBSITE, NOR UNDELIVERED E-MAILS, OR "ALERTS" DUE TO INTERNET BANDWIDTH PROBLEMS, EQUIPMENT FAILURE, OR ACTS OF GOD. CAPTAINEWAVE.COM DOES NOT WARRANT THAT THE TRANSMISSION OF E-MAILS, OR ANY "ALERT" WILL BE UNINTERRUPTED OR ERROR-FREE. CAPTAINEWAVE.COM WILL NOT BE LIABLE FOR THE ACTS OR OMISSIONS OF ANY THIRD PARTY WITH REGARDS TO CAPTAINEWAVE.COM DELAY OR NON-DELIVERY OF THE CAPTAINEWAVE.COM NIGHTLY EMAILS OR "ALERTS". FURTHER, WE DO NOT RECEIVE ANY FORM OF PAYMENT OR OTHER COMPENSATION FOR PUBLISHING INFORMATION, NEWS, RESEARCH OR ANY OTHER MATERIAL CONCERNING ANY SECURITIES ON OUR SITE OR PUBLISH ANY INFORMATION ON OUR SITE THAT IS INTENDED TO AFFECT OR INFLUENCE THE VALUE OF SECURITIES.

THERE IS NO GUARANTEE PAST PERFORMANCE WILL BE INDICATIVE OF FUTURE RESULTS. NO ASSURANCE CAN BE GIVEN THAT THE RECOMMENDATIONS OF CAPTAINEWAVE.COM WILL BE PROFITABLE OR WILL NOT BE SUBJECT TO LOSSES. ALL CLIENTS SHOULD UNDERSTAND THAT THE RESULTS OF A PARTICULAR PERIOD WILL NOT NECESSARILY BE INDICATIVE OF RESULTS IN FUTURE PERIODS. THE RESULTS LISTED AT THIS WEBSITE ARE BASED ON HYPOTHETICAL TRADES. PLAINLY SPEAKING, THESE TRADES WERE NOT ACTUALLY EXECUTED. HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED TRADES DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE OVER OR UNDER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS SUCH AS LACK OF LIQUIDITY. YOU MAY HAVE DONE BETTER OR WORSE THAN THE RESULTS PORTRAYED. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. NO INDEPENDENT PARTY HAS AUDITED THE HYPOTHETICAL PERFORMANCE CONTAINED AT THIS WEBSITE, NOR HAS ANY INDEPENDENT PARTY UNDERTAKEN TO CONFIRM THAT THEY REFLECT THE TRADING METHOD UNDER THE ASSUMPTIONS OR CONDITIONS SPECIFIED HEREAFTER. WHILE THE RESULTS PRESENTED AT THIS WEBSITE ARE BASED UPON CERTAIN ASSUMPTIONS BELIEVED TO REFLECT ACTUAL TRADING CONDITIONS, THESE ASSUMPTIONS MAY NOT INCLUDE ALL VARIABLES THAT WILL AFFECT, OR HAVE IN THE PAST AFFECTED, THE EXECUTION OF TRADES INDICATED BY CAPTAINEWAVE.COM. THE HYPOTHETICAL RESULTS ON THIS WEBSITE ARE BASED ON THE ASSUMPTION THAT THE CLIENT BUY AND SELLS THE POSITIONS AT THE OPEN PRICE OF THE STOCK. THE SIMULATION ASSUMES PURCHASE AND SALE PRICES BELIEVED TO BE ATTAINABLE. IN ACTUAL TRADING, PRICES RECEIVED MAY OR MAY NOT BE THE SAME AS THE ASSUMED ORDER PRICES.


Pure gold is non-toxic when ingested.
Top 5 Best Gold IRA Companies

Gold Eagle twitter                Like Gold Eagle on Facebook