Chart usGOLD   Chart usSILVER  
 
Food for thought
The human right of a free press depends on the human right of private property in newsprint
Murray N. Rothbard  
Search for :
LATEST NEWS  :
MINING STOCKS  :
Subscribe
Write Us
Add to Google
Search on Ebay :
PRECIOUS METALS (US $)
Gold 1299.350.60
Silver 20.580.05
Platinum 1475.45-2.55
Palladium 879.753.27
WORLD MARKETS
DOWJONES 16912-72
NASDAQ 4443-2
NIKKEI 1565436
ASX 558111
CAC 40 436621
DAX 965455
HUI 242-1
XAU 1020
CURRENCIES (€)
AUS $ 1.4289
CAN $ 1.4556
US $ 1.3411
GBP (£) 0.7912
Sw Fr 1.2161
YEN 136.9010
CURRENCIES ($)
AUS $ 1.0655
CAN $ 1.0853
Euro 0.7456
GBP (£) 0.5900
Sw Fr 0.9067
YEN 102.0800
RATIOS & INDEXES
Gold / Silver63.14
Gold / Oil12.85
Dowjones / Gold13.02
COMMODITIES
Copper 3.220.00
WTI Oil 101.120.15
Nat. Gas 3.81-0.01
Market Indices
Metal Prices
RSS
Precious Metals
Graph Generator
Statistics by Country
Statistics by Metals
Advertise on 24hGold
Projects on Google Earth
Dollar tell us Stocks are Likely to Pullback – Simple Analysis
Published : November 27th, 2012
276 words - Reading time : 0 - 1 minutes
( 0 vote, 0/5 ) Print article
 
    Comments    
Tweet

 

 

 

 

The stock market is at a very critical pivot point which I feel will generate opportunities in December and for the first quarter of 2013.

 

Trading with the trend is not always an easy task. It is human nature to predict and jump to conclusions and usually it’s better to trade with the trend no matter what your emotions are telling you. The current trend is down and I stick with that until we are proven wrong.

 

If you carefully analyze the charts below you will understand where we are trading in the market and what the risks are at this point. The question is are in the middle of a trend reversal back up, or is this just a bounce within a down trend? Either way, any pullback this week should be aggressively managed to lock in gains and tighten stops because it could go either way and you do not want to be on the wrong side of the table.

 

The chart below shows the US dollar index 4 hour chart. It looks as though we should start to see a bounce this week and that should put pressure on stocks and commodities.

 

The SP500 (SPY etf) below that shows my analysis and key price levels. I took a short position on the SPY Friday afternoon as I feel a pullback is imminent. That being said, all I need is one big down day and I will be pulling money off the table to lock in gains and tighten my stop.

 

If a detailed educational lesson on stock market cycles read my mini course here: http://www.thegoldandoilguy.com/downloads/COAAROTB.pdf

 


 

Chris Vermeulen

Editor, the Gold and Oil Guy

 

 

 

Tweet
Rate :Average note :0 (0 vote)View Top rated
Previous article by
Chris Vermeulen
All articles by
Chris Vermeulen
Next article by
Chris Vermeulen
Receive by mail the latest articles by this author  
Latest comment posted for this article
Be the first to comment
Add your comment
TOP ARTICLES
Editor's picks
RSS feed24hGold Mobile
Gold Data CenterGold & Silver Converter
Gold coins on eBaySilver coins on eBay
Technical AnalysisFundamental Analysis

Chris Vermeulen

Chris Vermeulen is a trader and newsletter writer specializing in the price of gold GLD ETF, Junior Mining and Energy Stocks listed in the US, Canada and Australia. Please visit his website for more information.
Chris Vermeulen ArchiveWebsiteSubscribe to his services
Most recent articles by Chris Vermeulen
7/24/2014
7/12/2014
7/5/2014
6/24/2014
6/21/2014
All Articles
Comment this article
You must be logged in to comment an article8000 characters max.
 
Sign in
User : Password : Login
Sign In Forgot password?
 
Receive 24hGold's Daily Market Briefing in your inbox. Go here to subscribe or unsubscribe.
Disclaimer