At the moment, crude oil seems to be acting as a free agent instead of in concert with the commodity complex that would play a role in signaling the effects (or lack thereof) of the inflation to date. The target off this formation, if it holds, is 110 or so. But as noted in a previous post, a drive toward 110 would load a significantly higher target, which we have been charting in NFTRH over the last several weeks by monthly chart. Continue reading "Crude Oil Breakout & Some Implications"
Tag: Gold
Today's Video Update: What Goes Up, Must Come Down...Right?
Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Monday, the 17th of June.
Are High Gas Prices Going To Squash The Economic Recovery?
Last week, all of our Trade Triangles jumped into a positive position, indicating that crude oil prices are headed higher once again. Some of that can be attribute to the events in the Middle East, mainly in Syria. The move higher also has to do with the technical makeup of the market. This market has been moving sideways for a while and seems poised to want to break over the $100 barrel level in the not-too-distant future. This increase in gasoline prices would come at a terrible time for most Americans, as summer driving tends to drive up demand for gas. I will be covering crude oil in today's video.
What Goes Up, Must Come Down... Right?
The battle continues between the Bulls and the Bears as the markets continue to vacillate both on the upside and downside. Certainly, my call to be on the sidelines for intermediate-term traders has proven to be a wise one. I continue to think that the longer-term trend for the equity markets remains in a positive mode, but it's more of a sideways pattern that we are seeing in the major indices right now. Continue reading "Today's Video Update: What Goes Up, Must Come Down...Right?"
Today's Video Update: Coming Soon To A Gas Station Near You
Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Friday, the 14th of June.
Coming Soon To A Gas Station Near You
Today we witnessed a massive move to new highs in crude oil, pushing all our Trade Triangles into the green, indicating that higher prices are likely ahead for this commodity. This translates into higher prices at the pump for everyone in America. The question of course will be, is this going to create a problem for the fragile economic recovery? This market has created a large technical formation that we will be discussing in today's video.
Equity Markets Are Choppy
The war between the Bulls and the Bears continues this Friday with no clear trend direction. The longer-term trend continues up, while the intermediate-term trend is indicating weakness. This translates to a neutral market position for us. If you are using our Trade Triangle technology, you can quickly see which markets are headed higher, which ones are neutral, and which are falling. We will be running through all the major indices in today's video. Continue reading "Today's Video Update: Coming Soon To A Gas Station Near You"
Physical Gold and Paper Gold Battling for Supremacy
The Gold Report: In your latest newsletter, you advocate that gold investors pay close attention to the Federal Reserve meeting taking place on June 18. What are you looking for out of that meeting?
Brien Lundin: The main driver for gold right now is quantitative easing (QE). An investor trying to figure out where the gold market is heading in the near to intermediate term needs to focus on QE. Investors should look for clues to the future prospects of the Fed's QE programthat's what's going to drive gold in the short and intermediate term. The question really is: To QE or not to QE? The next Fed meeting will be a prime indicator of that, and the one after that and the one after that.
My general view is that the reports of a resurgent U.S. economy are way ahead of themselves and some data points are indicating that the recovery is not that robust and may even be in danger. The jobs numbers will shed some light on this. If such a scenario develops, then the snap back for gold would be pretty dramatic. A weakening U.S. economy would be bullish for gold because it's bullish for continued QE, and that's the real factor for gold going forward.
TGR: Besides the jobs numbers and the Fed meeting minutes, what indicators are you watching to get some insight into whether the economy really is improving? Continue reading "Physical Gold and Paper Gold Battling for Supremacy"
Today's Video Update: Choppy Markets Reflect Investor Anxiety
Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Wednesday, the 12th of June.
Choppy Markets Reflect Investor Anxiety
It probably feels like you are on a bicycle peddling very fast and not going anywhere. Here it is a week later and the DOW (INDEX:DJI) is basically unchanged. In the meantime, we have witnessed many up and down days. It seems there is a war going on right now between the bulls and bears and the stakes are very high.
The bulls clearly see the Fed as their friend, and providing that the Fed continues to pump money into the system, they have a good argument. You can't fight unlimited printing presses. The bears on the other hand, don't believe the economy is going so well, not just here in States, but they are also seeing a global slowdown both in Europe and Asia. The bears argue that if the Fed begins to taper its purchases, which now total $85 billion a month, the market is likely to tank. The old trading adage here is that the markets "slide faster than they glide," meaning markets go down much faster than they go up. Currently our Trade Triangles are neutral on the market, indicating that you should be on the sidelines at the moment. I need to see this war between the bulls and the bears resolved before I commit to one trend or the other. Continue reading "Today's Video Update: Choppy Markets Reflect Investor Anxiety"
