We have seen some exciting moves in the market and with the market sentiment so bullish it should make for a sharp selloff in the coming weeks. Meaning everyone is overly bullish and owns a lot of stocks and commodities; therefore the market should top and leave them holding the bag while the smart money runs for the door.
Today the stock market bled out with a river of red candles. All of the recent gains vanished in one session.
There is a potentially big setup in precious metals sector along with the dollar which looks like its about to unfold.
It’s time to reset our profit counter to zero and start looking for new profitable trades along with managing our current open positions on our small cap stocks which we continue to hold with gains of 66%, 35% and 10%.
It’s that time again when volume dries up and prices rise into the new year. A lot of individuals are scrambling to prepare for the holidays, even though we had a year to prepare.
The past week has been interesting to say the least. Gold is trying to find support while the SP500 grinds its way higher. Let’s jump into the charts and analysis to get better feel for what I feel is happening here. Gold 4 Hour Chart As you can see from the chart below gold has … Continue reading “Gold & the Overall Strength of the Market”
Last week we had typical pre-holiday light volume trading going into US Thanksgiving. The previous week I warned every one to trade with extreme caution because of the light volume and the fact that the market is on the verge of a sizable drop for both stocks and commodities. Any price action could not be … Continue reading “Gold/Silver – Controlling Your Trades, Money & Emotions”
The past week and a half has been as choppy as it gets for the stocks market. Thankfully the herd mentality (fear & greed) stays the same. Understanding what others think and feel when involved in the market is one of the keys to making money consistently from the market. The crazy looking chart below … Continue reading “Holiday Squeeze on the Dollar, Gold & Stocks”
The past few months it seems the gold and silver play has been getting a little crowed with everyone wanting to own gold. While I am a firm believer that these precious metals are a great hedge/investment long term, I can’t help but notice the price action and volume for both metals which looks to … Continue reading “The Gold & Silver Play Has Gone To Greed?”
There have been some major trend changes recently and it looks as though more investments are about to follow…..