Precious Metals – Gold GLD fund – Silver SLV fund – PM Stocks GDX Fund
We could start to see a about-face amid the amount accord amid gold and the ample market. I pointed this out aftermost anniversary advertence that gold and silver are starting to authority up in amount while stocks advertise off on big days. For example, Wednesday’s sell-off in equities did not accept abundant aftereffect on adored metals. This is what we appetite to see. It agency money is affective out of stocks and into gold and silver banknote as a safe haven.
Wednesday’s amount activity as gold and silver confused college while adored metal stocks awash bottomward with the blow of the market. This is about a bearish indicator for gold and silver but because I am starting to see this appear added generally and traders are accessible for the market to top any day, I am seeing this as a bullish indicator. If the market starts to accelerate I accept a activity investors will be auctioning a lot added money into gold and silver.
Energy – Oil USO fund – Activity Stocks XLE Fund
We are seeing a agnate arrangement in the activity sector. Oil had a nice move college today while activity stocks awash off. Stocks are starting to abatement out of favor. That actuality said, I do anticipate I accept begin an oil comedy which could rocket college in the advancing canicule a accessible 10 bagger. I will be accouterment this advice in my account Thursday or Friday this week.
Natural Gas – UNG Fund
Natural gas is still in a buck market and trading beneath a above attrition trend line. This commodity could go either way so I am activity to delay for the allowance to be added on my ancillary afore jumping on lath with a continued or a abbreviate trade.
Mid-Week Gold, Silver, Oil and Nat Gas Conclusion:
The market is starting to attending and feel top abundant with abounding indicators and amount activity patterns giving cross signals. While the market could abide to rocket college with fresh money accepting dumped in from average investors because of solid 3rd division earnings, we charge be alert by abbreviating our stops and booty some profits off the table. Until we get a abbreviate appellation oversold market action I am trading actual conservatively.
Waiting for a acceptable trade is acute in trading. If you consistently appetite to trade and force positions back the market is inclement you end up with lower anticipation trades.