Investment Seminar in September on Nantucket $$

Please join us on Saturday, September 17, 2011 for an Investment Seminar featuring Terry Laundry.  The seminar will be held at 3 Thurstons Court, Nantucket Island, MA 02554.

The seminar will focus on the stock market “mystery cycle” and how to exploit it, Money Flow Ts™, bonds and precious metals.  We will present the material in a format that is easy to understand.  No specialized knowledge of T Theory™ is required to enjoy the full benefits of the seminar lessons.

The seminar will start at 9:30 am and will conclude at 4:45 pm, with lunch and coffee breaks.  For those staying Saturday night, there will be a workshop the morning of Sunday, September 18 ending by 11:00 am.  For those arriving Friday night, there will be a reception.

The Early Bird price is $450.  Early Bird payments must be received by August 1, 2011.  The normal price is $495.  Refunds must be requested by September 1, 2011.

To pay by credit card, please visit:

http://www.ttheory.com/seminars.php.

To pay by check, please make the check payable to “T Theory™ Foundation, Inc.” and mail to same at 3 Thurstons Court, Nantucket, MA 02554.

Should you have questions about the seminar, please contact Paula Burke at Paula@TTheory.com (phone:  1-888-228-2995) or Parker Binion at Parker@TTheory.com

Free Weekend Audio Posted $$

Terry has posted his latest free weekend audio commentary on the markets at:

http://www.ttheory.com/observations.php

Follow TTheory.com on Twitter

Each day, Terry Laundry posts a market update on his Stockcharts Public Chartlist.

We have created a Twitter account called TTheorydotcom which will tweet these updates to the free world for those who wish to follow.

$$ T Theory Forum Screenshot

For those who are wondering what the new members-only T Theory Forum looks like, I took a screenshot this morning.  The Forum opened last weekend, and we already have 50 members.  Thanks to all our loyal supporters:

$$ Introducing the T Theory Forum

We are proud to announce the new T Theory Forum, the official members-only discussion blog for T Theory.

The Forum is provided free for American Shareholder clients (for as long as they remain clients) and our September seminar attendees (for one year).  If you are one of these kind folks, please contact Paula Burke at Paula@TTheory.com for instructions on how to join the forum.  Basically, it involves creating a free Wordpress account.  We will simply need to know the e-mail address associated with your Wordpress account.

In addition, if you purchase another T Theory product, you will be invited for a free one-month or three-month trial of the Forum.

For others, the cost of the Forum will be modest:  $29/quarter or $99/year.  Paid forum members will receive a discount on other T Theory Products. 

The T Theory Forum will be the exclusive home for Terry Laundry's legendary daily chart with his famous adaptive channels and volume oscillator plot.  Terry provides mid-week and weekend updates to the chart with commentary. 

My job will be to moderate the Forum on a day to day basis.  We will strive to post new content nearly every day.  We hope to make T Theory Forum your interactive community of choice for investment discussion!

Please feel free to ask any questions here.   

$$ Introducing the New www.TTheory.com

Good morning everyone.  Today we launched the new www.TTheory.com website.  Check it out!  I'll update throughout the day highlighting the features. 

$$ SLV Range Contraction

SLV's VWAP for five of the last seven days including the last four are contained within the range of $34.08 to $34.22:

5/13 = 34.15

5/16 = 33.62

5/17 = 32.69

5/18 = 34.22

5/19 = 34.17

5/20 = 34.08

5/23 = 34.14

Volume has been elevated recently, so that's a couple hundred million shares traded at an average price of ~$34.15 the last four days.

To me, this is classic range contraction which usually is a prelude to range expansion, i.e., a big price move.  While I would not be surprised to see SLV push upwards from here into the high 30s/low 40s, it could break either way.  

A straddle might be profitable, but the premiums are still pretty high after the recent silver crash due to increased implied volatility.  Today you could have bought a June 34 call and a June 34 put for ~$3.25 total, so you profit if SLV reaches higher than $37.25 or lower than $30.75 between now and June 17.

$$ Current Thoughts

Please excuse my absence.  I've been working hard with Terry, and we have some exciting new things happening!

Most of the major markets (S&P, Dow, Nasdaq, Russell, Gold, Bonds) are obeying the RSI range rules for up trends.  In up trends, the RSI floor is 38-40.  If the RSI has been at 40+ for awhile and then you break below 38-40, that's a sign you have started a downtrend.

In downtrends, the RSI ceiling is 60-62.  If the RSI has been below 60 for awhile and you break that to the upside, then the odds are you have started an up trend.

On most of the major markets (except Silver), the last major RSI event was a break above 60.  Silver's RSI broke below 40 on the recent crash that I warned about here.

From a cycles perspective (many of which I have written about at www.TTheory.com), it would not surprise me to see the ongoing equity/gold market corrections end over the next day or two, then we see upward movements in price into ~June 2, and then a fairly sizable correction into early July.

$$ Follow T Theory Foundation on LinkedIn

For those of you on LinkedIn, you can now follow T Theory Foundation, Inc.   All of the details about the upcoming September 17 investment seminar on Nantucket can be found on the Services link. 

$$ T Theory VO for Week of April 25-29

Last week's Volume Oscillator for reference

4/18 = -44
4/19 = -21
4/20 = 7
4/21 = 17


This week's VO
4/25 = 6
4/26 = 23
4/27 = 35
4/28 = 40
4/29 =

This post will be updated nightly throughout the week, so check back periodically for new information.

$$ Where do they come from?

There's an expression at the poker table among the grinders when someone sits down and proceeds to lose a bunch of money with poor play.  The expression?  "Where do they come from?"

Today, 188 million shares of SLV were sold.  Which by definition means 188 million shares of SLV were bought.  Today's volume was a record for SLV, and dwarfs GLD's biggest volume day (79 million shares on December 4, 2009).

Bear in mind, SLV's daily RSI is at 88, and the MACD is at an all-time high.  Silver is more than 80% above its 50-week moving average, a record for the bull market in metals that started in 2001.  Silver has closed higher for 8 days in a row.

These tell-tale signs are not hidden.  Everyone with two eyes can see them, including today's SLV buyers.   Today's action was classic distribution. Which leads me to ask:  

"Where do they come from?"

I guess there's no fever like Silver fever.  I don't know about you, but at some point soon there will be an excellent opportunity to take the opposite side of the trade from today's new silver bulls.

$$ Sunday Update Posted

Please see TTheory.com for this weekend's update.  I discuss prior gold and silver tops, and Terry examines my chart showing the 70-week moving average as strong support for the S&P.

$$ T Theory VO for Week of April 18-21

Last week's Volume Oscillator for reference

4/11 = -9
4/12 = -26
4/13 = -26
4/14 = -23
4/15 = -6


This week's VO
4/18 = -44
4/19 = -21
4/20 = 7
4/21 = 17

This post will be updated nightly throughout the week, so check back periodically for new information.

$$ T Theory VO for Week of April 11-15

Last week's Volume Oscillator for reference

4/4 = 39
4/5 = 40
4/6 = 44
4/7 = 30
4/8 = 8



This week's VO
4/11 = -9
4/12 = -26
4/13 = -26
4/14 = -23
4/15 = -6

This post will be updated nightly throughout the week, so check back periodically for new information.

$$ Weekend Update Posted at TTheory.com

Terry Laundry has posted my weekend update at TTheory.com.  This week, I take a look at gold.  Should you have any questions or comments, please feel free to post them here. 

$$ DGP Quadruple Top Breakout

DGP, one of the double gold ETFs, had a quadruple top breakout yesterday.  It currently trades at ~$44, and the new P&F price target is $59.  It could reach that level by the projected May-June top in gold.

$$ T Theory VO for Week of April 4-8

Last week's Volume Oscillator for reference

3/28 = 12
3/29 = 25
3/30 = 44
3/31 = 28
4/1 = 45



This week's VO
4/4 = 39
4/5 = 40
4/6 = 44
4/7 = 30
4/8 = 8

This post will be updated nightly throughout the week, so check back periodically for new information.

$$ Update on Gold

Gold broke to new all time highs today, and GDX broke out of a symmetrical triangle consolidation pattern.

We are off the races.  ~$1600 gold by June IMO.  GDX to ~74+.

$$ The Squeeze: GLD and GDX

I like to look at Bollinger Bands on P&F charts to identify potential squeeze opportunities.  The bands are getting pretty tight on GLD and GDX.  A big move up or down is likely in the offing.  Since I believe Stocks and Gold are generally headed to a top in May-June, I'm betting that the GDX (and GLD) move is to the upside.

$$ T Theory VO for Week of March 28 - April 1

Last week's Volume Oscillator for reference

3/21 = -1
3/22 = -15
3/23 = -11
3/24 = 15
3/25 = 25


This week's VO
3/28 = 12
3/29 = 25
3/30 = 44
3/31 = 28
4/1 = 45

This post will be updated nightly throughout the week, so check back periodically for new information.