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Summary Gold is also exhibiting a ‘Bear Flag’ pattern. This increases the probability that the next big move is down. At the same time, momentum, which typically leads price, is heading south across all indicators, making the recent higher highs in Gold negatively divergen...
Summary My search for global yield takes me to Canada. Increased Canadian interest rates and strong oil and gas growth prospects paint a bullish outlook for the VDY ETF. However, according to my technical analysis read that takes into account flow, location, and trap elements, this ...
Summary Silver finally took out $22 and has been moving up rather quickly. It is leading gold high which is a good sign for both metals. The one thing that will hold back a truly explosive move in gold will be the CFTC raising margin rates to contain the price. The gold miners have ...
Summary Much of Wall Street will be taking off this week. It will be a week filled with lots of economic readings. There will be no earnings and no Fed speak. By Ed Moya US Thin trading conditions could persist as much of Wall Street will be taking off th...
Summary After several failed tests and breaks, it looks like DXY has finally broken up. Silver has turned down for 2 days in a row. What’s worse is that it is in a Bearish Flag pattern and if the lower trendline is broken at around 23.40, this could get ugly fast. The miners ...
Summary Trade statistics show China was a net exporter in April 2020, but I don’t think this was due to exports from the domestic market. There hasn’t been massive dishoarding from the East in 2020. Via Singapore 120 tonnes were transported to the US and UK. The spread...
Summary While falling commodity prices signal potential easing in inflation, it’s not necessarily a good sign. That’s because assets peak in a predictable order: bonds, stocks, and then commodities. Crude Oil has fallen to the lowest level in over a year, suffering a weekl...
Summary Inflation and (expected) actions by the Federal Reserve continue to dominate market movements. Markets remain very volatile following record inflation readings paired with an aggressive Fed and negative consumer sentiment. My dividend income amounted to a new November record...
Summary Despite very strong jewelry demand out of China and India and a Q3 2022 quarterly record of 400 tons of gold purchased by central banks around the world, the gold price was under pressure due to weak Investment demand. Gold has a historically strong correlation with negative rea...
Summary Companies that were growing significantly are now implementing cost-cutting measures - and perhaps the most visible change to investors has been large-scale layoffs and hiring freezes. Twitter announced it was laying off half of its workforce (around 3,700 employees - alth...
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2024-05-11 08:34:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-05-01 14:08:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-04-11 21:32:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...