We are providing a sneak peak to some of our research from a high level. We normally will provide current trend, price targets and high probability trades or positions.
Currently in the Major Market’s including Dow, S&P and NASDAQ we saw a short term trend reversal today. There is a reasonable probability that we will retrace at least of the gains from September. If the selling becomes more intense, then we may change to a larger downward reversal trade. For now, protective puts make the most sense if your not an active trader and would rather hold on to longer term investments. In this case, we would look out to October with at the money strike prices to purchase relatively cheep insurance considering where the VIX currently is trading around 23-24.
The Crude market was divergent from the equity markets earlier in the day and has a high probability of trading down between now and the third week in October. (so say our models) The caveat would be the current trend of the equity markets since of late, we are more experiencing oil, gold and equities all going up and down in lockstep. Inverse to the Dollar by the way. Therefore, if a trend reversal occurs back to the upside, expect everything else to follow. In that case, Oil may see at lest 75 again if it goes enfuego.
Gold. The bugs got stepped on today and gold can’t seem to get up over the 1025 level. Our indicators call for higher prices in the next 4 moths or so, but we can expect a pullback first.
Dollar/Dixie. They have accelerated the funeral arrangements for the dollar. We’ve hears everything from Dollar carry trade, to de-linking from the worlds currency, all the way to the Amero which would replace the dollar in favor of a North American Currency. All this may happen, but remember last year when all the same conversations were taking place right before a massive rally in the dollar. Our indicators are pointing in a certain direction, contrary to what you might think.
The Euro. See opposite the dollar.
Be nimble, be on top of it and beware of an S&P Futures close below 1050. If that occurs, begin the CYA process.
Tags: bear market, broker, bull market, economy, ETF, fixed income, Gold, investing, Investing stock market financial markets market timing, investment advisor, market update, Precious Metals, stock market, stock picking
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