We don’t really know how bad the economy really is and if this is just a bear market rally then we could be in for some trouble. That being said it looks like the market is ready for a pause or correction before it’s ready to continue the rally.
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That being said in the last six months gold has started to show life that a new bull market may be starting.
The last five years I have been fine tuning my SP500 index trading with the use of cycles, sentiment, volume, momentum and the volatility index.
Two other benefits are that during extremely high volatility levels and mixed cycles the system does not generate any signals. Below is a very basic version of the trend and signals for the SP500 index as it does not show profit taking, trend reversal stops or protective stops for individual swing trades yet, but it’s coming soon. Crude oil is giving mixed signals and I am avoiding it until the daily chart gives us a bullish setup.
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Junior Gold Report Inc (JGR).
Through years of research, trading and helping thousands of individual investors around the world. AlgoTrades’ automated trading systems allows individuals to investing using either exchange traded funds or the ES mini futures contracts. He is the author of the popular book “Technical Trading Mastery – 7 Steps To Win With Logic”.
The current trading environment is one of the most difficult that I can recall in recent memory. Recently I have been actively trading around the wild price action, but I have been utilizing smaller position sizes in light of the elevated volatility levels. I have not written much about gold recently as I have honestly not seen a great deal of opportunity in either direction there.


The recent selloff in gold can likely be attached to the increase in margin calls around the world as a likely consequence of the MF Global bankruptcy.
Right now the short term looks bearish for gold as the daily chart of gold futures shows gold tested near the top of a recent rising channel and failed. Subscribers of Options Trading Signals have pocketed more than 150% return in the past few months. My passion is to help others and for us all to make money together with little down side risk. Any and all information provided within the web-site, is for general information purposes only and Market Oracle Ltd do not warrant the accuracy, timeliness or suitability of any information provided on this site.
In return for that endorsement and only in the cases where you purchase directly though us may we be compensated by the producers of those products. 2013 is starting to look as though gold, silver and precious metals miners could lead the market higher if they can break out of their basing patterns. This allows us to avoid the large daily swings in price that typically shake even the most seasoned traders out of the market for repeated losing trades. Chris is responsible for market research and trade alerts for of its newsletter publication. He has also been featured on the cover of AmalgaTrader Magazine, Futures Magazine, Gold-Eagle, Safe Haven,The Street, Kitco, Financial Sense, Dick Davis Investment Digest and dozens of other financial websites.
In addition to the smaller position sizes, I have been aggressively taking profits and moving stops in order to protect trading capital. The price action has been quite volatile, but this past week we saw gold futures sell off sharply. Uncertainty surrounds the commodities market as the collapse of MF Global has interrupted traditional capital flows and broad based volume around the world. With multiple calls coming out of Europe over the weekend for the European Central Bank to print money to monetize European sovereign debt, it may not be long before the ECB begins their own quantitative easing program. As long as gold prices hold in their multi-year rising channel, higher prices remain likely.


I am going to be watching closely in coming weeks for a solid entry point to get long the yellow metal for a longer term time frame. If the broad market continues to sell off here we could see gold prices rise nicely and retest the $1000 mark.
Investments trading sideways are not my preferred investment of choice because some commodities and stocks for that matter can trade sideways for years before making another bull market rally.
This made the high volatile trading sessions difficult to truly know if an extreme level was reached during the trading session.
Also during potential trend changes when cycles and volatility become choppy trading signals are not generated helping to avoid the volatility that takes place during reversals points when the bulls and bears are pushing each other around.
But that being said there are other sectors and commodities starting to look ripe for big moves. His list of personal and professional relationships approaches 25,000, people with whom he connects and shares is market insight with out of his passion for trading.
The MF Global situation continues to provide a negative headwind for financial markets in general. This means that banks, investment firms and long term investors will start to draw their investments which would include equities, gold, silver, oil etc… pulling all investments down. No responsibility can be accepted for losses that may result as a consequence of trading on the basis of this analysis.
The exciting news is that a new data feed and a top notch programmer is allowing me to turning this once manual calculation of 17 data points taking me an average of 25 minutes to figure out into a system that generates signals in real time complete with profit taking signals, tend direction and a protective stop which self-adjusts depending on the market volatility and cycle stages. The bulls need the 1,190 area to hold as support to give them any chance for a “Santa Claus Rally” into year end. We recommend that independent professional advice is obtained before you make any investment or trading decisions.



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Comments

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    26.02.2015

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    26.02.2015