Stock Market, Gold & Commodities Analysis (video)

Technical analysis on the US stock market, gold, silver, platinum, GDX, crude oil, utilities & various agricultural commodities & ETFs. Playback speed can be increased in the settings to reduce the duration of the video.

Peak Earnings Week

This week will, by far, be the most important week of this earnings season with a total of 119 companies in the S&P 500 index reporting. This week will also see all five of the market leading FAAMG stocks (FB, AAPL, AMZN, MSFT & GOOGL) reporting along with a slew of other market leading stocks. As such, one should expect an increase in volatility & opening gaps. There is a link for an earnings calendar located on the home page sidebar under 'Tools of the Trade" along with an economic calendar with the potential market moving reports denoted with a red [...]

Stock Market & Commodity Analysis (video)

Technical analysis providing the near-term outlook for the US stock market, gold, platinum, silver, crude oil & the US Dollar. Playback speed can be increased in the settings to reduce the duration of the video

Gold, Silver, Platinum & GDX Analysis

Member @stock51 requested an update on silver within the trading room & as I started to compose my reply along with the charts, I realized that the precious metals could be at or near a significant inflection point & as such, will post my analysis here on the front page for all members to see. SLV daily Jan 9th The first chart above is a daily chart of SLV (silver ETF). As the circles on the RSI at the bottom of the chart highlight, SLV just hit the first overbought (70+) reading in over a year with the previous [...]

Gold GLD GDX Technical Analysis

The odds for a reversal in gold continue to build as $GOLD (continuous futures contracts, 6+ year daily chart below) has recently crossed above the 70 level on the RSI. The red boxes highlight a fairly simply but consistent pattern of intermediate tops & bottoms in gold when the RSI crosses above or below the 70 (overbought) & 30 (oversold) levels. As I often say, oversold should not be used as a stand-alone sell signal, rather it is merely an indication that the end of the current uptrend may be close at hand but any sell signal should be confirmed with [...]

Jan 5, 2018 1:12pm|Categories: Gold & Commodities|Tags: , , , , , , , , |0 Comments