A Short-Term Trading Strategy As Well As A Look At The Monthly S&P Chart
This interview is for the technical traders out there trying to find ways to protect the downside risks while taking advantage of the volatility in the markets.
Allison Ostrander joins me today to share her short-term trading strategy where she can avoid the day trading rules. We also look to the longer term charts for the S&P and the levels that are critical.
Do technicals even matter in these fear driven markets?
Doc is back with comments on the markets and the metals sector. The metals stocks are getting bought back today which is encouraging. There is a good chance the metals can bounce back when things settle down however it could take some time to get back to the levels we saw just a couple months ago.
A new indicator with some trading strategies for next week
Allison Ostrander kicks off today by sharing a new indicator that she recently developed. Claiming that this indicator can be a crystal ball we look at a few charts that Allison is trading heading into the weekend.
I asked Allison off mic about GLD, GDX, and SIL. Here is what she had to say…
Last week GLD printed a bullish divergent bar and saw follow through off a higher this week. This week appears to be a normal bar for GLD.
GDX and SIL were both similar to GLD bullish divergent bar last week and follows through with a higher high this week. And the current bar appears to be normal
I will note that GDX did make a bullish divergent bar last month (November) on a monthly chart, so this month or in next couple of months there is a high probability GDX will see a higher high above 28.16
Is it time for the shorts to start rolling into the markets?
TG Watkins, Director of Stocks at Simpler Trading joins me to share his outlook for the US markets as we head closer to the end of the year. We look at a couple key moving averages that have been strong support this year and recap the overall trend throughout the year. What’s important is the outlook for the new year which we touch on at the end of the interview.
A New Trading Guest – Views on US Markets and A Couple Trading Opportunities
I am happy to introduce a new guest to the show TG Watkins. TG is the Director of Stock Trading at Simpler Trading and joins me to share his thoughts on the overall health of the US markets. Next we look at the safe assets that have been pulling back. Finally TG shares a few stocks he sees as having a good opportunity to bounce.
Jordan Roy-Byrne joins me to look at the gold and gold stock charts and debunk some of the myths being touted. We start with the head and shoulders pattern that a lot of people are pointing to as short term bearish for gold. We also balance out the bullish and bearish arguments that address just how extended the market is. Finally we wrap with a comment on the over all volatility in the precious metals currently.
Key Levels For Gold, USD, S&P, and A Trading Strategy
Chris Kimble, Founder of Kimble Charting Solutions, shares 5 charts with us, all posted below. We first revisit a chart shared last interview asking for your thoughts on a trading strategy. We also share another chart and ask for your thoughts on how you would trade it. The final three charts focus on gold and relate the USD chart to possible moves and wrap it up with the S&P chart.
Please email your trading thoughts to Chris at Kimblechartingsolutions@gmail.com and I at Fleck@kereport.com.
Key Breakout Levels For Gold, Gold Stocks, and The USD
Chris Kimble, Founder of Kimble Charting Solutions joins me to present 5 key charts to consider for precious metals investors. We look at the actual gold price as well as GDX and GDXJ to outline key levels that need to be broken for a bull market run. All the charts are presented below.
If you have any specific sectors you would like Chris’s thoughts on please email me at Fleck@kereport.com.
How Doc Simplifies Technicals and An Update On Gold’s Trend
Doc has taught me a lot about reading charts and the technicals when looking at and chart. Today he shares some of his high level theories on how to simplify what the charts can tell us. We also get an update on the overall trend for the gold sector.