I don’t like gold, I never have. As an equity trader, I think that the Gold Trust ETF (GLD) is one of the worst products there is to trade with its almost daily gaps. For the last 5 or more years I have provided commentary and analysis of Gold and at the end […]
ANTICIPATE all market scenarios but wait for PRICE CONFIRMATION before you PARTICIPATE. Markets continued to recover from their recent selloff and while I have been pointing out the possibility of a short setup coming I have also stated what would need to happen for that bearish scenario to setup for a low risk trade. […]
Markets got the bounce we were looking for and now we have some key levels to watch for potential short levels. The time is not right to short still, the video reviews what it would take to see another leg lower and levels it could drop to. Be aware of all potential scenarios, […]
I will be out for the remainder of the week, the video below takes a look at key levels of support and potential market scenarios for the rest of the week. The uptrends remain intact, it still doesn’t make sense to be short.
Markets continue to follow their “path of least resistance” and those who short (or buy $GLD) against the primary trend experienced another punishing week. The trend is your friend unless you fight it. There is a danger with a market which appears to be bulletproof and that is complacency. Complacency sets in […]
Markets continued to shrug off “bad news” and climbed the wall of worry into new high territory. In continuing with the constant theme of only price pays, ask yourself if your returns for the first quarter would have been better if you had not known any of the news which was supposed to be so […]
See the video below for analysis of $SPY $QQQ $AAPL $GLD $IWM $XLF $SMH
Markets had a strong week and reminded us once again why we do not sell short at perceived level of resistance. The video looks at key levels of support and resistance in $SPY $QQQ $IWM $XLF $SMH $GLD and previously mentioned stocks.
The markets continue to trend lower as important longer term (200 day) moving averages are being tested and not holding so far. The video discusses key level to watch in $SPY $QQQ $AAPL $XLF $SMH