FWIW: Chart Review... Reflation Trade Still On (Weakly Though)

Just completed my pretrading chart review. Going to go long gold futures for a short term trade.

 

Here's the charts I find interesting. Don't have time to actually cut and paste the charts into this post.

 

BKX breakout. Banking stocks looking strong. http://stockcharts.com/h-sc/ui?s=$BKX&p=D&b=3&g=0&id=p82408217738&a=170899848

SPX at possible double top with RSI near recent highs. http://stockcharts.com/h-sc/ui?s=$SPX&p=D&b=3&g=0&id=p49012226722&a=135880573

TRAN breaking out. http://stockcharts.com/h-sc/ui?s=$TRAN&p=W&b=3&g=0&id=p27605170565&a=192632403

Dollar is in a triangle. Should continue higher. http://stockcharts.com/h-sc/ui?s=$USD&p=D&b=5&g=0&id=p67231887895&a=166258920

$SOX (semiconductors targeting recent highs). http://stockcharts.com/h-sc/ui?s=$SOX&p=D&b=3&g=0&id=p42005753032&a=193325190

30 year treasuries are still flirting with a reverse head and shoulders disaster. Makes "them" want to suppress gold. http://stockcharts.com/h-sc/ui?s=$UST30Y&p=W&b=5&g=0&id=p17225051855&a=187469066

Copper is consolidating just below a double top. http://stockcharts.com/h-sc/ui?s=$COPPER&p=D&b=3&g=0&id=p98691673496&a=134781029

Gold, last fibonacci gone, 50 day break down, targeting 1050 with quadruple witching coming out next week with FOMC next Tuesday. Short term long futures trade only based on interventional release only. http://stockcharts.com/h-sc/ui?s=$GOLD&p=D&b=3&g=0&id=p84653420881&a=183320883

Gold/Silver back to 65. The reflation trade is saved! http://stockcharts.com/h-sc/ui?s=$GOLD:$SILVER&p=D&yr=2&mn=0&dy=0&id=p65548417530&a=167283469

$HUI is targeting 360 from 420 based on fibonaccis and moving averages. http://stockcharts.com/h-sc/ui?s=$HUI&p=D&b=3&g=0&id=p19309140442&a=163272346

Silver looks barely ok. http://stockcharts.com/h-sc/ui?s=$SILVER&p=D&b=3&g=0&id=p89006582352&a=127980389

Crude is at the top of its channel with the RSI where it tends to run out. http://stockcharts.com/h-sc/ui?s=$WTIC&p=D&b=3&g=0&id=p69244740568&a=147631240

Uranium is on the train to nowhere. This is what housing (the next bubble) is going to do. http://stockcharts.com/h-sc/ui?s=U.TO&p=W&b=5&g=0&id=p48072889684&a=139978060

The overall picture is that the reflation trade is sort of on, but not really strongly. The gold picture (and HUI) is colored by the recent suppression. We'll see what it looks like early next week. I'm expecting a pop in this sector after the 30 year treasury auction completes.

MontyHigh, www.worldofwallstreet.us