Now that the Presidential Debates are over who do you think won overall? We're any of your concerns heading into the debates answered? Do feel better about the decision that's ahead of you? Did the outcome of the debates change who you are voting for?
The poll is a basic overall pick a winner, but we would love to hear your thoughts on the debates and the forth coming election.
Loading ...As always, please leave a comment below with your thoughts.
Every Success,
Jeremy
Each week Lo
ngleaftrading.com will be providing us a chart of the week as analyzed by a member of their team. We hope that you enjoy and learn from this new feature.
Weekly Gold Report (October 22nd through October 26th)
Last week concluded another five days of mixed data that continues the keep everyone guessing. When it comes to the fundamental side of the current market, traders are left scratching their heads fairly regularly. Each week we have to keep in mind that the US FED has made it clear that they will continue to print US Dollars and purchase debt (QE) which should help global markets avoid total disaster. Much of the sharp rally in Gold prices from late September into early October were in anticipation of this announcement. But it should be noted that the FED’s balance sheet is at the lowest level since June 2011 which means the $40B per month in easing has not yet begun. Last week reported less than favorable earnings for quite a few big names in the US markets, which prompted a hefty correction in equities that wiped out a three day rally in one session. Continue reading "Gold Chart of the Week"
Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Monday, the 22nd of October.
One of the big untold stories in 2012 is the fact that the stock market is up 15% for the year and has outperformed every other asset class. The last time this happened was in 1995, so it is pretty unusual. With a couple of months to go before year end, we'll see how things play out.
Now, it could be argued that the massive ongoing stimulus acted to propel stocks higher. It could also be argued that it was the policies of this current administration that pushed stocks up. Either way, the market is higher for the year. As traders we try not to think about who or what is causing a market to move, we simply like to get the direction right and go with the major trend.
LAST WEEK: Late last week, Lindsay created a very powerful video on SkyWest (SKYW) stock. The video runs about four minutes and explains how using our Trade Triangle technology can help you significantly outperform a buy-and-hold strategy. Continue reading "Daily Video Update: The most important debate in American politics takes place tonight. Are you going to watch?"
With the final Presidential debate upon us we were wondering if our members have tired of the debates or are you still tuning in?
Loading ...As always we would love to hear your thoughts on the subject.
Every Success,
Jeremy
December gold was higher due to short covering overnight as it consolidated some of this month's decline. Stochastics and the RSI remain bearish signaling that sideways to lower prices are possible near-term. If December extends this month's decline, the 38% retracement level of the May-October rally crossing at 1697.70 is the next downside target. Closes above the 20-day moving average crossing at 1762.90 would confirm that a short-term low has been posted. First resistance is the 20-day moving average crossing at 1762.90. Second resistance is this month's high crossing at 1798.10. First support is the overnight low crossing at 1714.40. Second support is the 38% retracement level of the May-October rally crossing at 1697.70. Continue reading "Precious Metals Morning Commentary"
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