Have you ever been driving along using your GPS and you decide that maybe you're going to take a short cut to your destination? The GPS detects that you have left the designated course and immediately needs to compensate by announcing, "Recalculating Route!". Well last week sectors of the markets took sharp detours right after the elections. Using over 50 charts, this weekend report will discuss the road we find ourselves on now.
SPX - Nov 1st , Expecting a trade-able ICL, maybe in the 2070 area.Read More
CAN GOLD CONTINUE TO RISE, SINCE THE USD IS MOVING HIGHER TOO?.
That question and other ones similar to it keep coming up lately and understandably so. Gold usually drops when the USD rises, but lately we do see both rising at the same time. I called a low in Gold recently and have been trading in the Precious Metals sector, but some are having a hard time believing it when they see the USD rising too. Allow me to share my thoughts on this. The following 4 charts are from the weekend report, where I tried to help my readers see the answer that question.
GOLD AND THE USD
CHART #1 -The USD has slowly been approaching the Highs of 2015. The chart does look quite bullish, but it does also show prior lows being taken out and lower highs so far.Read More
Sometimes it is not enough to go shopping when things are on sale, we all like to get the rock bottom prices. In the Precious Metals sector we caught the lows in Mid January and at the end of May, when they experienced a serious sell off. Looking for certain signs of a bottom, we […]