Comments on: US Equity Market Outlook, Jan 18, 2016 (video) https://rightsideofthechart.com/us-equity-market-outlook-jan-18-2016-video/ Stock Trading, Investing & Market Analysis Thu, 09 Mar 2017 02:20:03 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Kstellish https://rightsideofthechart.com/us-equity-market-outlook-jan-18-2016-video/#comment-801 Tue, 19 Jan 2016 22:44:02 +0000 http://rightsideofthechart.com/?p=169413#comment-801 Thanks Randy. It’s been a little tough to watch the last few days. Feel better about the case for GLD than USO, though. USO Is hanging on a cliff.

]]> By: rsotc https://rightsideofthechart.com/us-equity-market-outlook-jan-18-2016-video/#comment-797 Tue, 19 Jan 2016 16:04:39 +0000 http://rightsideofthechart.com/?p=169413#comment-797 GLD still looks ok for now & is currently testing a support level while trading only slightly down today. Once again, GDX seems to be ignoring this by trading down sharply. A reversion to the mean should begin soon with either gold selling off to follow the miners lead or vice versa (miners rally & play catch-up to GLD). Today’s sharp move down in the miners appears to be that wash-out move that I discussed in the recent video, i.e.- this selling is the result of a solid break below the 12.90 level which has likely triggered a lot of stop-loss orders on GDX, many individual miners & the leveraged mining ETFs. The fact that SLV is trading up over 1% today helps support the case that the sell-off in the miners today is more likely due to that support break & stop-runs/capitulation selling than anything else.

USO charts & updates to follow soon but in a nutshell, the case for at least a near-term reversal/rally can still be made as of now

]]> By: Kstellish https://rightsideofthechart.com/us-equity-market-outlook-jan-18-2016-video/#comment-795 Tue, 19 Jan 2016 13:01:33 +0000 http://rightsideofthechart.com/?p=169413#comment-795 What’s your thoughts on the GLd, the miners and USO?

]]>