Have Metals and Stocks Bottomed Yet?
Everyone is wondering if gold, silver and the indexes have bottomed after last week’s heavy selling. To put things into perspective there were over 30 sell orders for every 1 buy order at the NYSE. That is pure panic and to confirm extreme…
Gold & SP500 Psychology: They Bail, We Buy
Understanding market psychology is crucial for a trader’s success. But so many people get caught up in the daily market volatility, media coverage and “noise” of the trading environment, it’s almost impossible to not think and trade…
How to Trade IntraDay Gold and SP500
Last week was an incredible week for trading the intraday charts. With rising volume and volatility prices began to move up or down for extended periods of time allowing traders to profit from these powerful short term price swings.
During…
Trends for Stocks & Commodities: Gold, Oil and Indexes
Stocks and metals have been on a steady rise this week. The US Dollar drifting lower has helped to add fuel to the oversold bounce in equities and metals we are seeing.
Stocks - NYSE 65 Minute Chart
Stocks have started to show signs of…
Possible Trend Reversal In Gold and Indexes
Feb 2nd, 2010
We are seeing the market follow through from yesterdays strong rally with the Dow, SP500 and NYSE break the previous highs seen on the hourly charts. We now have a higher and high and waiting for a pullback for a higher low. This…
Are Precious Metals Melting or Firming Up
Jan 31, 2010
The past two months have been tough on the precious metals sector. We saw precious metals lead the market higher all of last year until December 2009 when prices plummeted as the US Dollar started to bounce. The continued rise…