Precious metals update

While we've seen new lows for almost all major metals and their indices and ETFs (GLD, SLV, GDX, Spot silver,...) we still haven't seen it for the spot gold price (1179.20 on 24 June 2013). I'm expecting this to happen soon. I wouldn't go long yet...

Interesting spread bets...

There are many interesting spread bets out there these days. Let's have a look at a few examples:

Dow Jones Theory:

Large Caps vs Small Caps:

Utilities vs Cyclicals:

VIX...finally

...we saw the VIX breaching the target line. The next move should definitely go above 22. But looking at the SPX we might see another 2 to 3% to the upside.

VIX

We're getting closer to the light blue target line. You can start going long the VIX or short the market ... at least don't go long the market.

DBA

the agricultures have reached the first target and should be ready for a correction...

gold and silver

most of the people are talking about a new bull market. fundamentally i'd support this view. technically however, i don't like the bottoming formation...yet. In both cases i'd like to see a crossing of the lower black line and new lows first.

AAPL update

I still expect to see apple around 400 in the medium term. In the shorter term however a rise above the upper light blue line is likely.