Developed many years ago, Benchmark's "clock" has been successfully used in a wide variety of markets.
It was also used as a successful forecast mechanism for members in April 2019 by way of the Independence Gold Mine series when there was, at the time, little hope of a gold stock revival.
2021 Article Predictions
On 7/6/21, I noted "There are numerous daily trend breakdowns in key stocks/indexes with several negative weekly/monthly trends coming up or existing. These results are not encouraging at all."
"Predictive Benchmark trends for new highs are also NOT favorable at this time. In other words, it's intermission time longer term."
On 8/9/21, "The countdown for this major launch will likely take considerable time and distance to succeed."
On 9/11/21, using NEM as an example, "I expect both a positive daily and weekly trend to be in place by early 2022. The GPS engine will help handle those assignments."
On 12/12/21, (below that commentary) and using NEM's (weekly) chart as an example, "Since NEM is negative in all primary time frame trends, all is lost and we should quietly head over to St. Elmo's train station, as they did precisely 100 years ago. Right?
"Not exactly and this will be the subject of a follow up down the road."
NEM Follow Up Results
On day later on on 12/13/21, NEM had a positive TDI daily uptrend (without a positive GPS). On 12/21/21, NEM entered a traditional positive PWR/GPS/TDX daily trend signal.
A new weekly TDI trend developed 12/23/21 and the weekly GPS turned up just this week. Naturally, we are waiting for a weekly PWR crossing the TDX for the required confirmation.
NEM is a leadership stock so its trend(s) are clearly important.
That's the record and it speaks for itself. Once again, it verifies our collective work.
Did Benchmark Help?
Benchmark's primary benefit and expertise is in the weekly and above time frames where one can, at times, extrapolate well into the future a probable outcome such as "by early 2022" above.
In NEM's case, Benchmark's daily PSL (Primary Signal Line) turned up 12/8/21 giving advance warning of a potential new daily trend and was the reason for the above 12/12/21 "all is lost...not exactly" comment.
A subsequent valid new PSL daily indeed occurred 12/20/21.
NEM Daily - Click chart to enlarge
Like the weekly TDI, the weekly PSL turned up 12/23 with three of its companion indicators in attendance including the GPS this week.
NEM is currently up against Benchmark's Green weekly resistance line, as demonstrated below. A breakthrough of that line is highly definitive.
NEM Weekly - Click chart to enlarge
The monthly still has some PSL (and PWR) concerns that will take considerable time to resolve, but I suspect favorably.
Do We Need Benchmark?
Not really, even with its longer term forecast abilities, our primary PWR/GPS/TDX team does just fine and largely mirrors Benchmark results within days.
As a side note, if I was on desert island and had just two indicators and nothing else, what would it be? Not surprisingly, it would be the PWR/TDX team which you already have in your possession (if Benchmark member).
NEM's Weekly Challenge Summary
The weekly trend is always the most challenging and needs to be overcome for a "major launch" success and continued positive prospects. The issues are:
- NEM's weekly PWR is not yet above the TDX
- Benchmark's weekly resistance issue
However, the right elements are very gradually coming into view (both PWR & PSL are turning but are not at their trigger positions). Some immediate backing/filling is indicated.
It's all about measuring time. Buried in 2019's Independence Gold Mine series is the importance of the time key. Check it out.
Sorry for this tedious presentation but a documented record provides everyone with continuing indicator credibility and confidence.
Hope you found it useful.
1/14/22
Related:
Benchmark Recommendations & Results
GPS Chart Signal History - S&P500 & others
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2/17/22 - Chart Update
On a strict PWR/GPS/TDX basis, NEM achieved both a positive daily and weekly trend by early 2022, as predicted.
NEM Daily
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3/6/22 - Final NEM Update
Benchmark has provided world class guidance on several occasions including:
- 2019's Independence Gold Mine
- Benchmark Record & Results
When there was no hope back in September 2021 and using NEM as an example, readers were told to "expect both a positive daily and weekly trend to be in place by early 2022."
As it turned out, NEM entered a new daily trend 12/21/21, a new weekly 1/28/22 resulting in a major 32% gain.
Current Status
NEM has a positive PWR/TDX/GPS configuration in all primary time frames.
However, after a strong gain and being near the key resistance area of 75, NEM is a very strong candidate for profit protection procedures such as taking partial profits, close stop loss procedures or other profit preservation maneuvers.
This completes my NEM review from September 2021 to the present.
Hope you found this informative and profitable. You're welcome!
3/6/22
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Caveat
While past performance and probabilities are favorable, results are not guaranteed. Use these trade plans, stocks or comments at your own risk. All analytical content and commentary provided within or from this site is aimed purely to educate or inform readers on the potential technical and fundamental aspects and possible value of intelligent, mathematically based research tools and charts for due diligence purposes.
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