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Stock-Markets / Stock Markets 2012 Nov 08, 2012 - 01:48 PM GMT

By: Chris_Vermeulen

Stock-Markets

Best Financial Markets Analysis ArticleGood Morning,
This morning’s video covers some really interesting and educational points based around questions members have been asking me. Also below is a chart of the broad market showing my thinking for the next few days.


Pre-Market Analysis Points:
- Dollar index continues to push closer to our key resistance level to form a right shoulder on the daily chart. If this pattern plays out then expect the dollar to drop sharply in 2013 and for stocks to rally.
- Crude oil chart is ugly with a broadening pattern. It provides no real insight on what will happen next.
- Bonds are the same… staying away for now.
- Previous metals and metals stocks are holding up well and look bullish. We may take a small long position if this pattern holds.
- Natural gas is still too lofty for me… staying away for now.
- SP500 has a lot of interesting things unfolding which is clearly explained in the video. Keep in mind all major indexes move together so when there is a major bottom in say the SP500 everything else bottoms also like DOW, NASDAQ, Russell 2000 and high beta stocks like AAPL, GOOG etc…

Get my Daily Trading Analysis & Trade Setups at: www.TheGoldAndOilGuy.com

By Chris Vermeulen

Please visit my website for more information. http://www.TheGoldAndOilGuy.com

Chris Vermeulen is Founder of the popular trading site TheGoldAndOilGuy.com.  There he shares his highly successful, low-risk trading method.  For 7 years 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.

This article is intended solely for information purposes. The opinions are those of the author only. Please conduct further research and consult your financial advisor before making any investment/trading decision. No responsibility can be accepted for losses that may result as a consequence of trading on the basis of this analysis.


© 2005-2018 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


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