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We all have many choices to make when trading the markets day after day. They say that it is Greed and Fear that often rule the markets at critical turning points. Thats why it is important to know who you are as a trader, and what your threshold of Risk is. With that in mind, I am going to make a recommendation, but the choice is yours to make, with the information supplied.
Read More"The Train has left the station". In trading, no one likes to hear those words. We want to be ready to get on board before the train leaves the station. Today we will discuss the schedule of the GOLD TRAIN, and see when it is due to leave the station. First lets look at the markets...
In the weekend report, I mentioned a pullback was near based on Fridays charts of the SPX, NASDAQ and the Vix. SPX was at prior highs again. Nasdaq was gapping up outside of the B.Bands.
Tuesday the SPX looked like this as it dropped Tuesday & Wednesday...
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