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Trade The Trend in Gold, Dollar, S&P500
Today we have an analysis by Chris Vermeulen “The Gold and Oil Guy”. Chris has some rock solid tips on trading choppy markets like we are seeing now. Picking tops can be very difficult and costly so check out Chris’ advice in the final paragraph. It’s worh its weight in Gold!~ Tim McMahon, editor
Dollar, Gold & SP500 Trend Trading
November 10th, 2010
It has been a roller coaster week thus far as stocks and precious metals plunged on heavy selling volume on the back of a rising dollar, only to make a strong rebound Wednesday. While there has been significant intraday price movement, it was no surprise to us as we have been anticipating this pullback since discussing it in my Sunday Gold Newsletter.
Let’s take a quick look at the charts…
US Dollar Daily Trading Chart
The past couple weeks the dollar has traded in a choppy fashion, and last week I mentioned to subscribers to keep any new positions small. The dollar looked ready to make a bounce and if it reverses we will see stocks and commodities correct rather sharply.
Last week we trimmed some profits on our gold and SP500 trading positions in anticipation of a rising dollar/lower equity and metals prices. The dollar is currently in a down trend so we are still trading with the trend, but the next couple sessions could potentially change that.
As you can see on the chart a similar pattern to what we saw during Continue reading
Why Weekly Charts Work
Many traders get so involved with the market on a daily or even an intraday basis, that they somehow lose out on the bigger picture. Weekly charts are enormously helpful in giving clues to the future direction of the market.
In today’s video we examine one of the biggest markets in the world, the S&P 500, using a weekly chart. The video runs about two minutes in length and I think you will find it both educational and informative.
As always our videos are free to watch and there are no registration requirements.
Enjoy the video and be sure to share your thoughts. Continue reading
The bear is back!!
The early market action on Monday, August 16th, triggered a key weekly “Trade Triangle” to the downside. Our weekly “Trade Triangle” turned red, indicating that all trends are negative and now pointing lower.
In this new 90 second video I show you some of the scenarios we can see playing out for the S&P 500. I think you’ll find this new video informative and educational. You will also come to understand the power of our “Trade Triangle” technology.
Please feel free to comment with your thoughts on this market. Continue reading
S&P Video Update- Which way from here?
The S&P 500 is turning out to be a conundrum for many professionals and home traders alike. The conflicting information on good earnings, high unemployment, and other factors continue to batter the market.
One moment the SP500 is heading for the stars and the next, it’s heading to the cellar.
So what’s a trader to do?
In my new video, I share with you some steps you can use to help improve your trading in the S&P 500 and other markets. The new video is approximately 3 minutes long and it will show you several key areas and levels that I am looking at.
As always our videos are free to watch and you do not have to register.
I would like to see your feedback on how you see the market, as so many traders are becoming frustrated with the lack of real follow-through in either direction.
Enjoy the video and all the best,
Adam Hewison
President of INO.com
Co-founder MarketClub Continue reading
A Battle Royal in the S&P 500
The battle between the bulls and the bears continues in the S&P 500 with neither side able to gain the upper hand. This choppy trading action will eventually lead to a large move one way or the other. The bulls are betting that we are headed higher and the bears are betting that the economy is going to tank.
In my latest video, I share with you some of the key technical points that are still in play and where the market needs to go in order to break out of the current logjam that it’s in.
As always our videos are free to watch and there is no need for registration. Just click the image below to watch the S&P 500 video.
All the best,
Adam Hewison
President of INO.com
Co-founder of MarketClub