Gold, Stocks, Dollar and Oil Technical Analysis Video
Stock-Markets / Financial Markets 2011 Sep 16, 2011 - 08:54 AM GMT- The dollar index had been moving in our favour in premarket and we should see UUP gap up at the open.
- SP500 is overbought and trading near key resistance. We may be taking a short position (SDS) today or Monday there.
- Crude oil continues to hold up under key resistance but looks ready to drop any day now.
- Gold and silver have been moving lower and I don't really want to short them because any bad new will send them higher.
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By Chris Vermeulen
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Chris Vermeulen is Founder of the popular trading site TheGoldAndOilGuy.com. There he shares his highly successful, low-risk trading method. For 6 years Chris has been a leader in teaching others to skillfully trade in gold, oil, and silver in both bull and bear markets. Subscribers to his service depend on Chris' uniquely consistent investment opportunities that carry exceptionally low risk and high return.
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