GBP/USD Trading to the Upside, Stronger PMI
GBP/USD is trading with upside momentum, as the U.K service PMI shows greater growth than expected. Intraday bias remains on the downside, as long as the 1.6440 minor resistance line is not broken. On...
View ArticleBill Hionas says Macroeconomic and Seasonal Factors are Keeping Gold Prices...
(1888PressRelease) Bullish trend in gold set to continue as we enter main buying season.Tags: Traderseconomygoldbullishinvestorsdemand
View ArticleUSD/CAD Breaks 47 Weeks High
The U.S Dollar is preforming very well against the high-yielding interest rate currencies, after the Feds announced “Operation Twist” to strengthen the U.S economy and fears of the debt crisis in the...
View ArticleWill The S&P 500 and Gold Make up Theirs Minds Already
The S&P 500 is a tough buy after a 10% rally in such a short period of time, but the strength and momentum are tough to short. The buyers seem to be higher and the sellers appear to be lower which...
View ArticleThe Unfortunate Truth About an Overbought Stock Market
Writing about financial markets is probably the most challenging endeavor I have ever immersed myself into. I am a trader first and a writer second, but I have really come to enjoy scribing missives...
View ArticleGold’s 4th Wave Consolidation Nears Completion and Breakout
Back in August with Gold running to parabolic wave 3 sentiment induced highs, I warned of a major top and multi month correction. We all know that the fundamentals for the shiny metal are stronger than...
View ArticleCrude Oil Weekly Technical Outlook For Sunday
Crude oil rose further to as high as 103.74 last week but failed to sustain above 103.37 resistance and retreated. Initial bias remains neutral this week for some consolidations first. Nonetheless,...
View ArticleIs The Double Top in For Crude Oil?
Only our longer term monthly Trade Triangle for crude oil remains positive on this market. The move today below the $98 support level puts this market in jeopardy of further weakness. A close below the...
View ArticleThe New Bull Market.....and it's OIL!
Today we will use our Trade Triangle Technology and figure out Oil’s next big move.It appears as though the crude oil market [April contract] is coiling up and getting ready to spring upwards.Here is...
View ArticleCrude Oil, Natural Gas and Gold market Commentary For Tuesday March 13th
Crude oil [April contract] posted an inside day with a higher close on Tuesday as it extends the trading range of the past two weeks. The high range close sets the stage for a steady to higher opening...
View ArticleCrude Oil Closes Lower Despite a Surprising Decline in Supplies
Since reaching a high of just over $110 a barrel, this market has fallen back and moved sideways. We view the current action as positive longer term to drive crude oil prices up to the $120-$125...
View ArticleThe Dollar and Manipulation Control the Market
Over the weekend I had an interesting conversation with a local trader. We typically meet a few times a year to share our market outlooks, new trading tools and techniques, and usually finish our...
View ArticleSP 500 Update.... U.S. Markets wear the Heavy Crown
Tags: bearishbullishcorrectionDavid Banisterelliot waveMarket Trend Forecastsp 500
View ArticleHave Gold, Silver & Mining Stocks Bottomed?
Tags: bullishdollarfuturesGDXGLDgoldsilverSLVTraders Video Playbook
View ArticleBear Market Cycle Bottom Forming in Gold and Gold Stocks Right Now!
Today our trading partner David Banister takes a look at the Bullish Percent Index chart relative to Gold and Gold Stocks. Essentially it tells you what percentage of Gold sector stocks are at or above...
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