Although Friday we finally saw signs for life of the predicted bounce, the action was not enough to create any alerts or to confirm the Gold short.  So, we find the indexes where we left them – equities and energy on short signals, while the treasuries join the precious metals on long signals.  As you review the index charts below, note the hammer candles, in many instances double hammers, at key fibonacci support.  This is just another indication that the NYMO buy alert is coming to fruition (more on that below).

The 30 min chart below shows the SPX confirmed the immediate term buy signal on Friday.  Friday’s test of the 61.8% retracement level, in my opinion was an excellent SPY call buying opportunity.  The NYMO buy signal is just too accurate to ignore in my opinion.  And, the NYMO also confirmed it Alert on Friday as it exploded back inside all 3 barriers.  So too was Apple finding support at key pivot support of 513-18.  I jumped in and bought Apple on Friday as it passed back up through 518 (it previously passed down through it and then made its low).  I have a couple of my System charts for Apple below.  The first dates back to 2008 and shows the last time Apple broke below the lower red/green barrier and then re-entered it.  It also shows, as does the close up view below it, that it accomplished this on Friday with a nice hammer reversal candle.  This is an alert, yes I jumped the gun by a day, as the alert is only confirmed with a higher close before a lower low is made.