November 2, 2012

WEEKLY MARKET DIGEST: SMART MONEY SELLS GOLD ON BLOWOUT JOBS NUMBER

(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers.)

SMART MONEY SELLS GOLD ON BLOWOUT JOBS NUMBER

November 2, 2012

October Non-Farm Private Payrolls came at 184K vs. 130K consensus. This is a blowout number that favors Obama just days before the election.

So far this morning the momo crowd continues to aggressively buy gold and silver. In a departure from the last two days, buying by the momo crowd is being met with aggressive selling by Smart Money. Gold has now broken the support of $1700. … Please click here or the title below to read more.

November 2, 2012

AAPL GAP FILLS $AAPL

This post was just published on ZYX Buy Change

AAPL has fallen to fill the gap from late July at $585.83.

In traditional technical analysis theory, all gaps fill; in practice, most but not all gaps fill.

After a gap is filled, the stock is presumed to enter a support level and based on the traditional technical analysis should not fall much farther. However, our 30 years of experience shows that if the support after a gap fill does not hold, it is extremely negative for the stock.

The coming hours and days will tell us if the support will hold.… Please click here or the title below to read more.

November 2, 2012

UPDATE ON SILVER SHORT TRADE $SLV $GLD

This post was just published on ZYX Short Sell Change

Silver has broken support at $32 and now is sitting at a minor support at $31.20, equivalent in SLV is $30.26.

So far selling by Smart Money is overwhelming buying by the momo crowd. If we see Smart Money taking profits on their shorts, we will give you a signal to start taking profits on the trade.

What To Do Now?

Those in the trade may continue to hold.

Those not in the trade may wait for a signal in the Real Time Feed.… Please click here or the title below to read more.

November 2, 2012