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Mid-Week Market Report on SP500, Oil, Gold & Dollar
Wednesday the market didn’t tell us anything new. The equities market is still over extended on the daily chart but the market is refusing to break down. Each time there has been seen selling in the market over the past two weeks, the market…
SP500 Internals, Dollar & Gold Pre-Week Analysis
After a fierce equities rally on Friday, which I figured would happen, just not that strong; I have to wonder if there is some event or major decision in the works we don’t know about?
Friday’s rally could be something simpler like window…
SP500 Pierces, Bonds Rally, Dollars Fall Out the Window
Sept 23, 2010
It’s been a wild ride the past few days. Now, thanks to comments from Obama and FOMC, it seems like everyone is waiting to see what the market will do from this pivotal point onward.
Since the market topped in April and has…
SP500 Fakeout & Market Trend
Sunday Sept 20th,
I think it’s safe to say that everyone knows the markets are manipulated... but during options expiry week we tend to see prices move beyond key resistance and support levels during times of light volume which triggers/shakes…
Using Iron Condors to Create Profits Trading SPX
This recent rally has many market pundits believing the market will continue higher, fueled by slightly improved economic data points. The bulls realize that the all important S&P 1130 level is not that far overhead; if they can push the…
The Gold, Silver, Oil & SP500 Trading Charts
We are at the tail of another light volume choppy options expiry week and a big move is brewing… So I thought I would do a mid-week update on what I think is about to unfold in the coming days.
First off I will touch on gold. Everyone is…
Gold forms Overbought Rising Wedge at Resistance
Sunday Sept 12
Precious metals soar as investors flock to gold and silver. But are they looking deep enough to truly understand the current trends at hand?
When reviewing the metals sector I like to look at it from different angles to get…
Precious Metals Equity Index Form a Triple Top, What’s Next?
Wed Sept 8th, 2010
I am going to step out on a limb in this report and cover what I think to be an intermediate top in the precious metals sector. Everyone I speak with and from the hundreds of emails I get I would say the vast majority are…