Technical analysis on the US stock market along with several sectors that stand out at this time including the Euro & US DollarGLD (gold ETF) & GDX (gold miner ETF), XBI (biotech ETF) & XES (oil & gas equipment & services ETF).
Technical analysis on the U.S. stock market, select sectors that stand out as well as gold, GDX & the US Dollar. Covered in the following order are the outlook for the US dollar, gold & the precious metals sector via EUR/USD, /GC (gold futures), GLD (gold ETF) and GDX (gold miners ETF); the near-term outlook [...]
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 [...]
Regarding the outlook for gold & the precious metals sector, one hardly needs to include a chart either GLD or GDX as the charts of EUR/USD are often sufficient to assess the outlook for gold, which has a strong direct correlation with gold prices. After putting in a divergent high & then breaking down below [...]
Several key technical developments & levels to watch for in the broad markets today as well as a few trading opportunities s that stand out at this time.
Technical analysis on gold, GDX, the US Dollar & the Euro along with both the near-term & longer-term outlook for the precious metal sector. Key technical developments & levels to watch for are also discussed. Video playback speed can be increase using the settings icon in order to reduce playback duration.
Member @dazi requested an update on gold & the precious metals mining stocks. My recent outlook for gold has been largest based off my analysis & bearish outlook for the EUR/USD (Euro/U.S. Dollar forex pair). Since the last update, EUR/USD reversed exactly off the bottom of my bounce target zone while not coincidentally, gold futures [...]