Author Archive
You might be surprised to know where Gold is headed next
July 22nd, 2011 | 
Author: Hello Fellow Traders!
We hope you are doing great!
With Gold at new all-time highs and Silver breaking out of its recent consolidation since the May collapse, both precious metals have been all over the news headlines again and many traders are now asking… Is now an ‘okay’ time to buy?
The fundamental story behind why Gold & Silver are rising remains firmly in place. While short-term gyrations (and manipulations) will continue to occur, we’ve put together a short six-minute video outlining some potential bullish trades that can profit regardless of whether Gold & Silver move higher short-term. It is most definitely worth your while to check out these two bullish precious metal selections made by our own Market Timer Algorithm!
Go here to view the trades: Precious Metal Trade Ideas Video
Have a wonderful weekend ahead!!
Ron Haydt
MarketTamer.com
P.S.
My friend, Norman Hallett, is giving away a complimentary IPAD2 for a sampling of your Journaling. I cannot tell you how important journaling can be to truly unlocking the doors of becoming a successful trader. Norman has already given away some great complimentary journaling information. Now he needs your help and is willing to offer an IPAD2 as a thank you to one lucky person!
Just go to this page to join in the fun, I strongly recommend it —> Share your Journaling Story and get in on the IPAD2 Fun!
Posted in 
Was Friday’s Price Action a Fool’s Bounce?
The indexes are currently forming a “Bear Flag” bearish continuation pattern and although Friday’s price action was very bullish, I don’t feel that we are done moving down. Watch for the indexes to test support 5-6% below the recent high.
Bullish But Cautious
We continue to move higher and I continue to be bullish. We are currently at a key resistance level in the Compq and we are testing the closing high from October 2007 at 2834. We are also about 29 points away from the trading high at 2862 in that index. The levels that we need to take note of on the DOW, the SPX and the Compq are the 20 simple moving average and the prominent trend line that has been in place since September. If those key areas are breached, that could be significant and the beginning of a possible short term pullback. Stay nimble and it wouldn’t be a bad thing to consider a hedge
Still Bullish…
We continue a very bullish move even in the face of seemingly strong geo-political headwinds with the events in Egypt. I feel that we will continue to push higher and 2011 will be a very bullish year. We are overdue for a correction but it shouldn’t be a massive sell off but rather more of a “cleansing” and then a resumption higher
Pot Holes In The Road Ahead
The market continues higher confirming what I suspect will be a very bullish 2011, although, we are overdue for a pullback. Watch for a breach of the 20 simple moving average and the recent trend line that has been in place since September. The retracement when it occurs should not be massive but only a shake out of small magnitude and then a resumption of the bullish move
Will The Bearish Sentiment Continue Next Week?
We experienced a bearish week as predicted in my analysis from last week. Today’s action was especially bearish with Egypt’s civil unrest. We were overdue for a pullback and it is healthy for the market to do so. I don’t believe the pullback will be massive but only a “cleansing” and then resumption of the longer term bullish move
Take Out The Umbrella
bullish trend appears to be weakening. Market internals such as the advance/decline numbers support a lessening of bullish sentiment. We currently have a bearish divergence with the MACD and Stochastics is indicating a bearish move. The Nasdaq looks to be leading the way down and has broken and closed below a very credible trend line and the 20 simple moving average. The key is whether the investment community interprets this move to be significant and hops on the Bearish train south with follow through.
RSS feed
