It appears to me that we could be very close to some significant inflection points (trend reversals) within the financial markets & as such, I want to share some of the sectors & asset classes that stand out as bullish (long) or bearish (short) to me that this time. US Equities Bearish. The two videos published earlier today highlight some of the potential bearish developments as well as some support levels & other technical developments that could trigger intermediate to longer-term sell signals but for the most part, haven't done so yet. We did, however, recently get sell signals on the [...]
This video provides technical analysis of gold, GDX, the US Dollar, Euro & various commodities that stand out as current or potential trading opportunities at this time. playback speed can be increased in the setting to reduce video duration
Technical analysis providing the near-term outlook & price targets for the US stock market along with several potential trade ideas. The video begins with coverage of the Nasdaq 100 futures (/NQ) and tracking ETF (QQQ), highlighting some key technical levels & price targets followed by coverage of several trade ideas including WEAT, CORN, CANE, WOOD, GBTC, /GXBT (Bitcoin), gold, silver, PPLT (platinum ETF) and the US Dollar via EUR/USD & JPY/USD. </center
Member @up requested an update on gold, silver & the US Dollar along with the key currencies that have the largest impact on the US Dollar index (which in turn, affects the price of gold & silver). My read on the charts hasn't changed much since Wednesday's video as well as these follow-up comments that I posted yesterday in reply to the following inquiry from @zjgolf44: @zjgolf44: Also thanks for your recent gold video. What’s your take on EURUSD’s drop today below it’s lower ascending trend line? (USDJPY’s possible breakout) It doesn’t seem like gold is reacting correctly to todays action [...]
This video begins with a brief discussion of the recent surge in volatility within the stock market along with some considerations on how to adapt/trade during periods of elevated market swings followed by technical analysis on gold (GLD), silver (SLV), the Euro & US Dollar.
Member @up asked for my thoughts on the EUR/USD (Euro/USD currency pair). As the largest component of the US Dollar index with a 57.6% weighting, the Euro has the largest impact on the US Dollar index by far & as such, I will often use the EUR/USD chart to help determine where the US Dollar, along with dollar sensitive assets, such as gold & crude oil, might be headed. EUR-USD daily April 2nd EUR/USD is currently testing trendline support at the bottom of this large bearish rising wedge pattern on the daily chart above. With the currency pair grinding [...]
Technical & fundamental analysis on gold (GLD), the gold mining stocks (GDX), the US Dollar & the Euro providing both the near-term & longer-term outlook for all. This video begins with an discussion of the strong historical correlation between the US Dollar & the price of gold as well as oil followed by the outlook for each, including some key technical levels & developments to watch for. playback speed can be increased in the settings to reduce the duration of the video