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Stock Market & Sector Analysis (video)

Technical analysis on the US stock market as well as a few sectors & trade ideas that stand out at this time. Covered in the following order is the outlook for JCP, SPY, QQQ, IWM, EUR/USD, GLD, /GC (gold futures), /CL (crude futures), USO, XLE, XOP, XES, XBI & IYT. Video playback speed can be [...]

Gold & EUR/USD Approaching Bounce Target Zones

Both gold futures (/GC) and the EUR/USD are now approaching the bottom of my bounce target zones. At this time, I'm still looking for a reversal within the bounce target zone after this counter-trend rally which is likely to be followed by a move down to the final target zone before a resumption of the primary [...]

Gold & Euro Poised for a Counter-Trend Rally

After kissing my first target today following the recent breakdown on the daily time frame (first chart below) EUR/USD now looks poised for a relatively minor bounce on a break above the 1.177ish level before a resumption of the downtrend, as the 60-minute chart (2nd below) indicates. Not coincidentally, gold futures look poised for [...]

Sep 27, 2017 3:50pm|Categories: Gold & Commodities|Tags: , , , , , , , |2 Comments