Technical analysis of the US stock market, gold, silver, crude oil & natural gas providing the near-term outlook along with key support & resistance levels.
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.
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 [...]
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
End of day market wrap covering the following commodities & indices via 60-minute futures charts: Gold, Crude Oil, Siver, Natural Gas, Dow Industrials, S&P 500 & the Nasdaq 100.
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 [...]
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 [...]