Are gold, silver and stocks topping, bottoming or just taking a pause?
The past eight weeks investors and traders have been watching the market wiggle its way lower. Each new low that formed has taken place with panic selling. Panic selling puts the market into a short term oversold condition. These extreme oversold…
Stock Market Flashing A Buy Signal?
Since the first trading session in May we have seen the stock market sell off. The old saying “sell in May and go away” was dead on again this year. Here we are 7 weeks later with the stock market continuing to lose ground. This extended…
The Stocks & Commodity Technical trading Outlook Part I
The coming summer should be exciting for traders! While summer trading generally tends to be slow, this one could be different. A large number of other professional traders I talk with are all feeling the tension building in the market. We all…
Key Support & Resistance Levels for Financials, SP500, Silver and Gold
During the past 4 months we have seen the financial sector (banks) under selling pressure. With real estate prices continuing to fall and foreclosures picking up speed again investors have not been that interested in holding bank stocks. And…
Investors are fearful and that means higher prices are around the corner
Everyone knows people make mistakes when rushed to do something or if they are scared of something bad happening. We also know fear and greed is what moves the market each month, week, day and tick… So when the majority of investors are selling…
Market Sentiment and Volume Reach Extreme Panic Levels
It was a crazy session as the stock market slid over 2% on heavy volume. This type of price action means fear has taken control of masses and they are unloading (selling their stocks) in anticipation of much lower prices.
Trading off extreme…