Weekly Market Forecast (Inside Days and a Flight to Safety)

IMG Auteur
Published : March 20th, 2017
126 words - Reading time : less than a minute
( 0 vote, 0/5 )
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
0
comment
Our Newsletter...
Category : GoldWire

The word for this week is "caution."

We’ve now had two inside days (days in which the high and low for the day were within the boundaries of the previous day’s high and low). This indicates traders are unwilling to commit to either long or short… and the market is preparing for a violent move.

Meanwhile, a “flight to safety” is underway "behind the scenes" with investors pouring into bonds while moving out of stocks. The long bond ETF (TLT) rallied last week, while stocks ended the week rolling over.

This is NOT what you usually expect during options expiration week. And it would suggest that stocks are at risk of a sharp sell-off.

Originally posted on www.gainspainscapital.com

Graham Summers

Chief Market Strategist

Phoenix Capital Research 

Data and Statistics for these countries : Georgia | All
Gold and Silver Prices for these countries : Georgia | All
<< Previous article
Rate : Average note :0 (0 vote)
>> Next article
Graham Summers is Chief Market Strategist for Phoenix Capital Investment Research, an independent financial research firm based in Charlottesville VA with clients in 56 countries around the world.
WebsiteSubscribe to his services
Comments closed
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS