April 7th 2010 This week has been playing out as expected with prices grinding their way higher and lots of sharp intraday sell offs and rallies which is indicative of a market getting toppy. Seems like the masses feel as though...
Read MoreI hope everyone had a great weekend and Easter Holiday! This is quick update as its Easter Sunday and it’s a time to relax with the family Below are two charts and my thoughts on what I am looking for in the coming days...
Read MoreGold and the stock market continue to trade within a tight range this week. While the long term trend for both stocks and metals are up, and the charts look bullish I am not buying at this level because the market is over...
Read MoreLast week the general market continued to grind its way higher for yet another week. Overall I feel the market is very much over bought. We all know the market can stay in extreme overbought levels for extended periods of time...
Read MoreThe market gapped higher this morning after yesterdays heavy selling. At this time the market (metals and indexes) are trading at resistance on light volume. This tells me people are a little spooked from yesterday and just do...
Read MoreI think many of you will find this article interesting as I show several different indicators which point to an imminent correction for stocks and precious metals. Last Wednesday’s report I showed how the current price of...
Read MoreDay Trading Spot Gold Futures is a touchy subject among traders. You either hate it and think it cannot be day traded for consistent gains or your love it finding its movements very accurate. As most of you know I love trading...
Read MoreLast week was nothing special as stock market continued to drift higher on light volume and the Volatility Index (VIX) reaching a new multi year low. This mix of higher prices on light volume, multi year lows in the VIX and an...
Read MoreEarlier this week I noticed a pattern in the market throughout an entire trading session that has inspired me to write a short piece on sector rotation. On Tuesday March 16th, my quote screen was flashing green as sectors...
Read MoreLast weeks price action unfolded just as we expected. Money poured into stocks with the focus being on small cap, banks and technology stocks. The fact that these sectors are showing strength while utilities, health care and...
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