Last week’s suggestion to watch for any Flag breakout on Gold led to a potential 300 pips. The precious metal is looking bullish as the US$ stalls and this is what I’m watching for this week.
Gold has been holding up quite well of late given the strong US$ but, whilst the precious metal is still consolidating in a longer-term wedge pattern, some Gold stocks are attempting to make bullish trend line breakouts. Any developing US$ weakness would help to keep the metal and these stock breakouts supported so keep an […]
The QQQ ETF is an ETF that tracks the NASDAQ-100 index. The NASDAQ-100 differs from the NASDAQ composite index in that it lists only the largest 100 companies and excludes Financials. This index peaked at 120 back in March 2000 but this level hasn’t been touched since then. That was, until today! A monthly close […]
With US stocks making new all-time highs I thought it might be worth checking over some of the major Sectors to see how each is performing. Some sectors are still consolidating and thus are worth watching for any breakout potential whilst others have broken out of technical trading patterns or through key S/R levels.
Gold and Silver are still on my radar as they both hold above key 61.8% fib support and as the US$ pauses near the psychological 100 level. In this post I review the charts of both metals and some of the ETFs/stocks that have my interest. I don’t pretend to know which way both will head […]