Member @jim requested an update on IWM (Russell 2000 Index tracking ETF) which has played a very impressive game of catch-up to the other major US stock indices over the last two sessions following a very sharp period of underperformance. I don't see anything that stands out on the 60-minute chart other than the impressive [...]
I wanted to post a quick overview of the financial markets with the near to intermediate-term outlook for most of the major asset classes. Charts & detail commentary will follow on any actionable trading opportunities as well as the active trade ideas on the site. Starting with the US equity markets, despite the market's near-term [...]
After a sharp drop in the first hour of trading, QQQ & SPY have experienced snap-back rallies into resistance with the MACD signal line recently crossing into bearish territory (short-term trend) for the first time in over a month. Note how well the MACD signal line/9-ema has defined the short-term trend as bullish or bearish [...]
Global equity markets are rallying in a 'risk-on' trade while safe haven assets such as treasury bonds & gold are being sold as a result of the French elections & lessened probability of a Frexit. Here's a snapshot of the risk-on & risk-off assets: Gold, U.S. Treasury Bonds & a few the major US stock [...]
A breakout above this downtrend line/basing pattern in TLT (Long-term Treasury Bond ETF) should spark a rally in treasury bonds & is very likely to roughly coincide with the beginning of a sell-off in the stock market. Hard to say if that breakout in TLT will come very soon as TLT is somewhat stretched on [...]
The outlook for the US stock market via SPY, QQQ & IWM as well as gold, oil & bonds via USO, $WTIC, GLD, GDX, TLT, JNK & HYG.
The near & intermediate-term outlook for the US stock market as well as bonds, agricultural commodities, gold, silver, platinum & the related mining stocks. This video starts with an overview of the US stock market via SPY, QQQ & IWM. At the 15:44 mark, the outlook for gold, silver, platinum & the precious metal mining [...]