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Precious Metals, Miners & US Dollar Outlook (video)

This video begins with a discussion on the both the near & long-term outlook for the US Dollar, where the case is made for a near-term bounce followed by a longer-term decline in the Greenback (which would be near-term bearish & longer-term bullish for precious metals & the miners), followed [...]

2017-03-08T21:19:50+00:00May 2, 2016 11:29am|Categories: Forex (Currencies), Gold & Commodities, Unofficial Short Ideas|Tags: , , , , , , , , , , , , |1 Comment

Precious Metals, Commodities & US Dollar Outlook (video)

This video makes a case for a trend reversal & near-term rally in the US Dollar along with a near-term bearish case for gold, silver, platinum, copper and other dollar sensitive assets, all of which still appear bullish from a longer-term perspective at this time (longer-term bearish $USD).

2017-03-08T21:19:50+00:00Apr 26, 2016 10:03am|Categories: Equity Market Analysis, Forex (Currencies), Gold & Commodities, Unofficial Short Ideas|Tags: , , , , , , , , , , , , , |Comments Off on Precious Metals, Commodities & US Dollar Outlook (video)

U.S. vs. Canadian Dollar Outlook: Near-term Bullish, Longer-term Bearish

As requested by member @lee1 in the trading room, here are my thoughts on the USD/CAD pair: Viewing this 3-year chart with 2-day period candlesticks (every stick represents 2-days of price history), the USD/CAD recently broke down below this well-defined uptrend line following a blow-off top & divergent high (bearish). [...]

2017-03-08T21:19:55+00:00Apr 8, 2016 3:28pm|Categories: Equity Market Analysis, Forex (Currencies)|Tags: , , , |3 Comments

US Equity Markets & US Dollar Outlook 3-21-16

This video starts out with an overview of the US Dollar index, which has remained in a large sideways trading range for over a year now. I still favor a downside resolution of the pattern although the $USD is likely continue to grind around aimlessly until it breaks above or below [...]

2017-03-08T21:19:56+00:00Mar 21, 2016 10:03am|Categories: Equity Market Analysis, Forex (Currencies)|Tags: , , , , , , , , |4 Comments

EUR/USD Breakdown Likely To Spur Dollar Rally, GLD/GDX Correction

Following the recent whipsaw/false breakdown, the EUR/USD has made a solid breakdown confirmed by more than just a few candlesticks, as with the previous breakout. This breakout also occurred in the "sweet spot" where most wedge breakdowns typically occur (about 65-80% towards the apex of the wedge). With the Euro [...]

2017-03-08T21:20:00+00:00Feb 12, 2016 8:45am|Categories: Equity Market Analysis, Forex (Currencies), Gold & Commodities|Tags: , , , , , , , , , , |2 Comments

Euro Breakdown & Bull-Trap Confirmed = Dollar UP, Gold/GDX Down

This EUR/USD bearish rising wedge breakdown + break of horizontal support is likely to bring the pair down to the 1.11ish target zone. Gray horizontal lines are minor support levels, any of which may produce a temporary reaction. Should the EUR/USD fall much below the bottom of my pullback target [...]

2017-03-08T21:20:01+00:00Feb 10, 2016 10:29am|Categories: Forex (Currencies), Gold & Commodities|Tags: , , , , , , |Comments Off on Euro Breakdown & Bull-Trap Confirmed = Dollar UP, Gold/GDX Down