Tag: Gold (FOREX:XAUUSDO)

I Have An Uneasy Feeling Today

Posted on by The INO.com Team

Hello MarketClub members everywhere. I have to say that I have an uneasy feeling about the markets today. As you know, for some time I have been neutral to negative on the major indices based on the monthly Trade Triangles. As I pointed out yesterday, the first cracks in the armor came when the indices fell below their PSAR levels. The only exception was the NASDAQ, whose PSAR comes in today at 4734.77. Should the NASDAQ (NASDAQ:COMP) trade below that level today, it would indicate that all indices are now vulnerable to a fairly sharp selloff.

Indices: I will be looking at all the major indices and indicating where they could potentially slip to in the weeks ahead. Also, Janet Yellen, head of the Federal Reserve, will be talking about the economy today. I have been a vocal critic of the Fed's policy for some time and believe the Fed is in over its head and doesn't quite know how to resolve the current continued weakness in the US economy. Continue reading "I Have An Uneasy Feeling Today" →

Do Quarterly Charts Hold The Key?

Posted on by The INO.com Team

Hello MarketClub members everywhere! With the markets closed tomorrow for the Easter holiday, today is the end of the week. The question now is, how comfortable are investors going to be over this long 3 day weekend?

One of the tools I love using in MarketClub is the quarterly charts. I'm pretty confident in saying that very few traders ever watch these charts, but they should. They can provide you with a broad overall picture of the long-term trend that you just can't see on daily and weekly charts. I think you'll be surprised by what the quarterly charts are revealing today.

Below I have outlined last week's close, as well as key levels for the PSAR. Perhaps by the time you read this post the market will have already broken the Parabolic support levels. If that is the case, I would expect further weakness in the market next week. Continue reading "Do Quarterly Charts Hold The Key?" →

Is It Time For A Market Correction?

Posted on by The INO.com Team

Hello MarketClub members everywhere, today I'm going to be looking at some key levels in the markets. If these levels are breached, it would indicate a further correction to the recent rallies. For the past 4 to 5 weeks the equity markets have been moving steadily higher and are now extremely overbought. That condition alone does not necessarily translate to the markets correcting, however, 85% of all stock market newsletters are bullish on equities. History has taught us that when there is a large consensus of people thinking the same way the reverse occurs as there is no one left to buy. The markets could well be at a consensus crossroads right now.

Here are some of the levels that I'm looking at to get an early indication that a correction could come into play. Continue reading "Is It Time For A Market Correction?" →

Once Again Terror Rocks The Markets

Posted on by The INO.com Team

The terrorist attack this morning in Belgium once again brought home the fragility of the world we live in. This attack in Brussels, the capital of Belgium, is the headquarters of NATO and the symbolic heart of Europe. The attack on Brussels, in essence, is the equivalent of an attack on Washington D.C.

The reaction of the European markets today was surprisingly modest as the European indices lost only an average 0.50%.

In today’s video, I will be looking at how this vicious attack could impact the major indices, gold and crude oil here in the U.S. Continue reading "Once Again Terror Rocks The Markets" →

Gold Update: Bulls Finally Took The Ball

Posted on by Aibek Burabayev

Aibek Burabayev - INO.com Contributor - Metals


February scored the first point in favor of the bulls breaking the downtrend. Usually, when we get something that we want, after moments of winning euphoria, we start to feel sad about further uncertainty – what is next? To avoid that feeling we should work out a new plan like the one that I prepared for you below.

Chart 1. Gold Monthly: Gold Bugs, How Deep Is Your Love?

Monthly Gold Chart
Chart courtesy of tradingview.com

Speaking globally, the sad thing for the bulls is that we can’t be sure of the Big Bull Run until the price is below the previous high at $1920. I can add more points saying that there is still a chance of a complex correction, which can last longer, much longer. Gold was in an uptrend for 12 years and the current correction took only 4.5 years. Therefore, the probability of its prolongation is high as the correction might last longer the than major trends. It is human nature when we have a clear idea to act decisively and swiftly (trends), but once we fall into a thoughtful mood reflecting of further plans we are losing/taking our time to think everything thoroughly (corrections). Continue reading "Gold Update: Bulls Finally Took The Ball" →