Free Online Articles Directory
Home Page  Chris Vermeulen |
|||||
 |
Chris Vermeulen - ArticlesChris Vermeulen is Founder of the popular trading site http://www.thegoldandoilguy.com. There he shares his highly successful, low-risk trading method. Since 2001 Chris has been a leader in teaching others to skillfully trade in gold, oil, and silver in both bull and bear markets. Subscribers to his service depend on Chris' uniquely consistent investment opportunities that carry exceptionally low risk and high return.
Reach Chris at: Chris[at]theGoildAndOilGuy[dot]com How to Trade the Gold ETF TrendsAnother holiday trading extravaganza!!!
Last week the market fell into its regular holiday tradition of light volume, as institutions and big traders enjoyed the holidays thus allowing prices to drift higher. We still have one more week of light trading volume before this year and holiday season is officially over.
Trading during low volume times is regularly misinterpreted. Many traders figure they should not be trading this time of the year but from my experience, the last two weeks of the 10 Days of Stocks & CommoditiesIt’s been a great year as we head into the final few trading sessions. The past several weeks the indexes have not done much of anything which is why we are now in cash.
I feel as though the market is about to change direction abruptly in the coming days or weeks. I feel this way for several reasons:
1. NYSE, Dow Jones, S&P500;are all drifting higher into resistance levels on the 10 day, 60 minute charts. Light volume tends to favor higher price hence the reason for the holiday rally.
2. Broad Stocks and Commodities Are Trading PredictablyIt’s been a great week so far. Stocks and commodities are moving as expected from my weekend trading report. I like to see the market unfold in a calm collected manner.
The US dollar has made a nice move in the past couple weeks. Although it has broken out of its down channel I think there is a lot of short covering going on making this bounce more powerful than others. Also it is important to note that it is near resistance which could dampen things around the $77-77.5 level. If the dollar hea Do Gold, Silver and Oil ETFs Take a Pause or Melt Down?The first half of last week started out strong with stock and precious metal ETFs moving higher. The week ended with less certainty of direction. The energy sector underperformed the market with crude oil and natural gas moving lower.
Below are some ETF charts showing where the broad market and commodities are trading with some analysis showing what could transpire going into the year end holiday season. Tis the Season to Trade the Seasonal Charts, Dow, Gold, Silver, Oil and GasThe market has had a fantastic week so far for stocks and precious metals. The financial and energy sector are underperforming which is a concern, but we continue to hold our positions and will wait until a reversal to lock in our gains.
Things seem to be lining up for stocks and precious metals to take a breather, which is in line with the Dow Jones Seasonal chart below.
Let’s take a look… The Gold and Oil rally – a long term lookWhen you get right down to it, no matter what techniques one might rely on for his investment decisions there is one thing that they all have in common. In order to be successful an investor has to be on the right side of the longer term trends.
We are all bombarded with daily charts and sometimes weekly, but looking at the long term monthly charts can reveal areas where price on the long term has historically shown to be important turning or continuation points. Gold, Silver, Oil and Nat Gas Trading ReportCommodities so far this week have not changed much. But I can point out a few things for us to watch Thursday and Friday. Precious Metals, Oil & Nat Gas Trend ChartsCommodities continue to climb with several commodities making new highs for the year. The equities market continues to push higher with 3rd quarter earnings coming in better than expected. This good news has aroused more investors to put what's left of their money back into the market which has been the fuel for this recent rally in stocks. Silver ETF Trading Opportunity - SLV Exchange Trade FundA year ago, Silver was in the midst of a severe price correction, one precipitated by the global credit crisis and the massive rush toward liquidation of commodity futures contracts – at any price – that ensued. Silver plunged from nearly $21.00 all the way down to the sub-$9.00 range, causing many commodity investors to doubt that the Silver bull market had any chance of ever attaining such lofty prices again. GLD, SLV, UNG & USO Trading ChartsCommodities and stocks have been on fire the past two weeks and I think it just may be time for things to take a breather. While I continue to stay long, taking some money off the table to lock in profits is a safe play.
Just from a quick glance at the charts we can tell the odds are pointing to some type of pause or pullback in the coming days. I figure any day now we could see some profit taking.
|
 |
|||
|
Article Categories
|
|
||||
|
|
|||||
