When I am preparing food on the grill, I’m checking the temperature, watching for grill marks, looking for a change in color, and several other signs to know when the food is ready. In a similar manner, we have been watching various aspects of the precious metals markets and also looking for a variety of […]
SPX -I believe that the general markets are going to roll over soon.
The SPX ( Left Translated) dropped to break the prior lows and then put in a shake out reversal. It has struggled at the 50sma, and now that it faled, I expect it to roll over, possibly after tagging that 50sma again.
When hunting for good set ups, just keep in mind that every day that passes brings us closer to the target.
The Fed Minutes are scheduled to be released today. At times like this, we sometimes get a glimpse of what was behind the recent decision on interest rates. Is inflation starting to creep in? Just how divided or united were the Fed members when it came to timing for rate hikes, etc. Lets take a […]
If you have been investing and trading for years, no doubt there are times that you find it is best to wait for that ‘Fat Pitch’, but not always so easy. Well the good news is, I can see that a real low risk buying opportunity is fast approaching, so lets discuss that again in […]
Another week of choppy trading, but there is a lot to talk about this weekend. It may be time to start gathering the goods, so lets get right to the charts. . SPX – More of the same, Capped at the 50sma and L.T. ( left Translated) so far, it still needs to break one […]
We are still waiting and maybe, just maybe, the Jobs report FRIDAY before the bell will act as a catalyst. Lets discuss why it would be great to see the futures in Gold higher before the market opens. . $GOLD – To start with, we have been expecting this type of a deep sell off […]
Today I want to take a closer look at Oil and Gold.
If you have been here for a few months, then you know that this is what we have been waiting for. Lets review. . GDX – Way back in August I started to ready us for a deeper pull back than many at that time would think is likely. You may recall that I kept […]
