The Gold & Commodities category is a sub-section of Market Analysis that includes charts and commentary associated with precious & industrial metals such as gold, silver, and copper as well as various hard & soft commodities such as oil, gas, wheat, corn, etc…

Technical Analysis of Stocks, Bonds, Oil & Gold

Technical analysis providing the outlook for the US stock market, crude oil, gold & GDX, as well as treasury bonds. The following securities are covered in this order: QQQ, SOXX, USO, GOLD, GDX, TLT & IEF. playback speed can be increased in the settings to reduce video duration

2018-06-22T12:50:52+00:00 Jun 22, 2018 12:50pm|Categories: Equity Market Analysis, Fixed Income (Bonds), Gold & Commodities|Tags: , , , , , , , , , |5 Comments

GDX Stopped Out + GLD & GDX Update

The GDX (gold miners ETF) long swing trade slightly clipped the suggested stop of 21.90 yesterday for a 3% loss. I still expect a rally in the gold mining stocks & precious metals, despite the recent trendline break in gold & may add GDX back as another official trade soon. GDX daily June 21st Following the trendline break, GLD (gold ETF) has fallen to the fairly solid 120ish support level while oversold. Arrows on the RSI show ALL oversold readings in the past two years. The previous 5 oversold readings were all followed by substantial rallies & I see [...]

2018-06-21T13:40:03+00:00 Jun 21, 2018 1:40pm|Categories: Completed Trades - Long, Gold & Commodities|Tags: |0 Comments

SLV Silver ETF Breakout

SLV (Silver ETF) has made an impulsive breakout above the top of the sideways trading range since late January with the next buy signal to come on an impulsive breakout above the top of the resistance zone around 16.35. 2-hour chart below: SLV 2-hour June 14th

2018-06-14T13:41:18+00:00 Jun 14, 2018 1:41pm|Categories: Gold & Commodities|Tags: , |1 Comment

Stock Market & Sector Analysis (video)

Technical analysis highlighting some recent & potential technical developments on the US stock market as well as some of the sectors & individual stocks that stand out at this time. playback speed can be increased in the settings to reduce video duration

2018-06-11T12:58:32+00:00 Jun 11, 2018 12:58pm|Categories: Equity Market Analysis, Forex (Currencies), Gold & Commodities|Tags: , , , , , , , , , , , , , , , , , , , , , , , , |1 Comment

Crude Oil Falling Wedge Pattern

I've added an additional downtrend line to the /CL (crude futures) 60-minute chart to form a second, larger falling wedge pattern. CL recently backtested the smaller, previously highlighted wedge yesterday & has crossed above the larger, yellow downtrend line today, although today's breakout has not been very impulsive yet. Should this breakout start to gain some momentum to the upside, it would likely send CL up to at least the  67.24ish level & USO to around 13.58. Such a move would likely translate into a rally in the energy stocks (XLE, XOP, XES, etc.) as well, assuming the broad [...]

2018-06-07T09:40:58+00:00 Jun 7, 2018 9:40am|Categories: Gold & Commodities, Unofficial Long Ideas|Tags: , , |4 Comments