General Market Analysis

General Market Analysis contains charts and commentary relating to all aspects of the financial markets including: US and Global stock and bond markets; gold & commodities; bonds & currencies; key market moving stocks; etc…

Jan 302015
USO Bear-trap Scenario Playing Out

Although it’s too far too early to say the most recent scenario (posted on USO will continue to play out (with a move up to the 19.80 level & possibly beyond), so far we have seen prices break below the recent trading range only to reverse shortly afterwards & moving impulsively higher since regaining the bottom of the range. In yesterday’s mid-day market/long trade ideas update, I had mentioned that the UCO/USO long trade would be considered stopped out but that updates on USO would […continue reading]

 January 30, 2015 3:07 pm  Gold & Commodities, Using RSOTC Tagged with:
Jan 292015
Mid-day Market Update, Long Trade Ideas Updated

The US equity markets continue to move sideways within the trading ranges that have formed over the last several months but it is worth noting that the SPY ($SPX) is now sitting precarious close to the bottom of its 3 month trading range which runs from about 198 up to 209. The QQQ ($NDX) although trading lower today, is still slightly above its similar trading range, albeit, by a slightly larger margin the the SPY. Both trading ranges as well as several other technical developments […continue reading]

Jan 272015
US Equity Markets Update

There haven’t been any significant developments to discuss on the broad markets for month now, hence the reason for my lack of commentary on the US stock indices. Thanks in part to MSFT, we’re finally getting the first half-decent sell-0ff in a while although the price action so far today, for the most part, is relatively insignificant from a technical perspective.   The charts above show the 2-hour & daily time frames of the $SPX/SPY (S&P 500) and the $NDX/QQQ (Nasdaq 100), highlighting the recent […continue reading]

 January 27, 2015 10:25 am  General Market Analysis Tagged with: ,
Jan 262015
GDX - DUST Pullback Target Hit

The DUST (3x short miners)/GDX pullback trade gapped above the 13.75 resistance/preferred target level today and is will now be moved to the Completed Trades category. With DUST falling shy of my profit target on Friday, the gap today allowed for a more favorable exit price on the trade and a quick 20.6% gain in less than four full trading sessions, that’s in addition to any would-be losses or profit give-back on the long mining positions that I was able to book profit on when […continue reading]

 January 26, 2015 1:27 pm  Completed Trades - Short, Gold & Commodities Tagged with: ,
Jan 232015
USO Crude Oil Update

USO (crude oil ETF, along with UCO, the 2x long crude ETF) is current trading at the bottom of the recent trading range although we now have double positive divergence (back to back bullish divergences) on the 60 minute time frame. Those divergences would still remain intact should USO make a relatively brief & shallow break below the recent trading zone. In fact, at this point I would almost expect a brief breakdown which could serve as a bear-trap & flush-out move. As the UCO […continue reading]

 January 23, 2015 1:09 pm  Completed Trades - Long, Gold & Commodities Tagged with: ,