Spain is in Pain – US Dollar & Gold Are Safe Havens

It’s been an interesting week with Spain being downgraded as Europe debt crisis widens. This has investors looking at the US dollar in a new light thinking that maybe it’s not that bad of an investment after all. This sent the US Dollar higher along with the price of gold so far this week.

The past 7 days we have seen both the US Dollar and Gold rise together which is not something that happens often. With financial crisis’s popping up around the world I think the US dollar and gold will continue to strengthen (with corrections along the way). I think it will take another 12-24 months before another wave if issues arise in the financial markets and until then we just continue to focus mainly on buying the dips and corrections with the occasional short play in the larger corrections.



SP500 – Daily Chart

On April 14th we saw an extreme level of selling which sent the broad market sharply lower. This sell off was followed by value buyers pushing the prices back up to new 2010 highs.

Well this week we have seen the same extreme selling volume and the question we all want to know is will there be buyers this time around?



ETF & Futures Trading Conclusion

Gold is in a bull market but it was setup for another round of selling but this Spain issue has been a pain. If we had another downward word move on gold to the $1115 – 1120 area it would have washed out the majority of gold bulls resetting it’s self up for a big rally.

The Europe debt crisis has thrown a twist into the picture helping boost the price of gold. Gold could still head lower washing out the weak positions but the picture is fuzzy. Silver did not react much to this news as it’s not really seen as the safe haven gold or the US Dollar are.

As for stock picks and the broad market, it looks and feels like we are about to start a correction. But this week we saw fear in the market again with the VIX and selling volume surging higher to levels which have triggered temporary bottoms in the past. The problem I see here is that some key price levels have been taken out, so the odds are pointing to lower prices in the near future. But Tuesdays panic selling has pushed the market into an oversold condition so we should see a drift upwards for 1-4 days before sellers get active again as they want to sell and short the market at premium prices.

In short, precious metals are not giving any clear price action to take advantage of yet, and the SP500 looks like it’s on its last legs before heading lower for a meaningful correction which should provide a short setup and then a nice long setup once it bottoms out.

Just click here if you would like to receive Chris Vermeulen's ETF & Futures Trading Signals.



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Dow and S&P Update Video....Can We Keep Going Higher Forever?

We owe trillions of dollars, but Crude oil is at $86 a barrel, the DOW, S&P, and NASDAQ are making new highs almost everyday and unemployment is officially at 9.7%.

Everything is great! Happy days are here again... Right?

So is the DOW, S&P, and NASDAQ all going to keep going higher forever? Or are the teachings of a dead mathematician going to reverse this juggernaut of a market?

In our new video we show you exactly what we mean and how the these indices could be very close to a very important tipping point.

This is without a doubt, one of the most important videos we have ever made and if you are concerned about your financial future, you don't want to miss it.

As always, our videos are free to watch and there are no registration requirements.


Just click here to watch Dow and S&P Update Video....Can We Keep Going Higher Forever?




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"Dirt Cheap" Stock Training for "Newbies"?

Are you a "newbie" when it comes to stock trading?



Are you a little overwhelmed by all the information out there

that promises to put piles of cash in your wallet overnight?



Do you have a sneaking suspicion that some stock brokers are

lying through their teeth & simply out to "screw" you so they

can add another Mercedes or BMW to their fancy car collection?








Do you feel unable to make any progress toward your dream of

quitting your job because no matter how bad you want it, you

just can't afford to pay for $2,000 or more stock market training?



STOP!



I know exactly how you feel, and that's why I'm glad I found

this frank, straightforward, and "no B.S." video presentation --



--> It leads you to a TON of "dirt cheap" stock market training

that
will give you the upper hand when dealing with brokers... &

a
big edge over all the other frustrated & clueless "newbies" out

there.



So, sit back, relax, & see if you relate to this "stock trading tale".



Watch
it here...



(Make sure you
watch the whole thing, because I think you'll be

"floored" by what's revealed at the end.)



Good Trading,

Forex Market Club



 

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An "Unusual" Stock Trading Trick?

Beware....



This may be the
ugliest video about stock trading I've ever

seen...



-but the message in the story is worth it.








It's about how a regular guy discovered 1 "unusual" trick in

trading the stock market...



...and how he was finally able to get an "edge" over everybody

else - other traders & even his own broker - after years of

trial & error.



Watch
it through to the end here...



(it's worth it)



Good Trading,

Forex Market Club



 

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Technical Setups on Gold, Silver, Oil & Natural Gas ETF’s

This week has been playing out as expected with prices grinding their way higher and lots of sharp intraday sell offs and rallies which is indicative of a market getting toppy.

Seems like the masses feel as though they are getting left behind which is why we are starting to see the panic buying in the market (new money buying at these lofty overbought prices).

Each time there is a new intraday or daily high on the major indexes there is a renewed bullishness created as breakout traders and novice traders buy into the market hoping for the next surge in price. It is these volume surges of new money entering the market which the big guys (smart money) are selling into. You can see it clear as day light on the intraday charts as new money gets sucked into the market new high and then 2 minutes later larger waves of selling hit the bids. I did explain and show a chart of how this looks to members of the FuturesTradingSignals.com today.

We have some very exciting times ahead and it’s just a matter of letting the market unfold over time as we take advantage of these carefully measured low risk setups.

On to the charts....

GLD ETF Trading – Gold Exchange Trading Fund

You can see how this chart has evolved from pattern to pattern as it bottomed over time.

Today we had a breakout and I expect to see a pullback which is normal when prices gap up and breakout of a pattern. An entry point would be considered on a pullback if the proper criteria are met.



SLV ETF Trading – Exchange Traded Fund

Silver has always been much more volatile than gold which is why the pullback early this year was so strong and why the recent rally has also covered so much ground. As you can see silver has broke out above resistance but is now looking overbought. A pullback in precious metals is expected, or a pause at least.



USO Crude Oil Fund

Oil has made a nice move higher the past week but I feel it will pullback also in the coming days for a breather. There are a couple sizable gaps to fill all the way back down to $40.50.



UNG Natural Gas Fund

This natural gas chart looks very interesting. In the chart I am comparing the 2009 low to today’s price action.

From looking at the chart, natural gas is way oversold and in dire need of a relief rally. As you can see the sharp rallies which occurred just before both the 2009 and the current possible bottom look identical. This type of price action is very common to see.

Let me explain: When an investment is this over sold, meaning it has sold lower for weeks if not months, then there is a large growing number of traders looking to pick a bottom. Once these traders see prices start to move higher they all jump in thinking its “The Bottom”. Some times it is but more times than not it’s just a suckers rally.

General rule is, if everyone can see it, then its most likely not going to happen.. this is also part of the reason the major indexes keep going up. It looks like a great short and a tone of traders are in cash waiting to take advantage of the drop. But the market will keep pushing higher until fear its not going to pullback. That’s when the new money buys back in fueling the GRIND higher.

Anyways, so after all the bottom pickers jump on the train and there are not any more buyers and the price tends to drift lower scaring these traders back out of the position. Eventually a new low is made and everyone is shaken out of the investment. The crazy part is that just as they get out, the price usually turns around and does exactly what they new was going to happen –Go Up.

Most traders have the direction correct, it’s just their timing is off. My general rule is when I see something I wait another bar, sometimes I keep saying that to my self after each new bar until I am confident in the predicted move or price I can get into the position at.



Mid-Week Trading Conclusion:

In short, the bull market continues to grind its way higher. Unfortunately we cannot do much until there is some type of correction because buying way up here after a 2 month rally is outside of my comfort zone.

I foresee a 3-5% correction starting any day now so I am keeping my gunpowder dry.

Just click here to check out Chris Vermeulen's ETF Trading Signals Newsletter.


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Just Announced Special Trial Member Webinar, Adam Hewison Answers Trial Members Questions LIVE

A few days ago we told you about the special MarketClub Trial that's running, and today we called my inside contact and told him to give MORE to my members who
are on the MarketClub Trial...here's his response:

" I've gotten your voice mails and emails and I was able to talk Adam into doing a TRIAL MEMBERS ONLY webinar where he'll answer questions, and show them exactly how
he uses MarketClub to find and tradeprofitable moves!


P.S. We're closing down the 2 week trial on the 9th as we've gotten a lot more people then expected." If you haven't started your trial yet, please do so ASAP, as I know the webinar software they use can only support 1k people at a time...so don't miss it!

The date of the special webinar hasn't been released to the public yet, as it's just for trial members but we know it's got to be pretty soon and we don't want you to miss the chance to talk directly with Adam!

Just click here to get your trial going now, for no cost, and be sure and attend the webinar...I will!


Just Announced Special Trial Member Webinar, Adam Hewison Answers Trial Members Questions LIVE


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So....Are You up on this Forex "Flaw"?

Check this out. While researching new ways to save time trading Forex (without
sacrificing pips), this trader kind of stumbled upon 2 'discoveries' that may surprise you.

The first one has to do with a 'flaw' in how 90% or more of Forex traders think about trading these markets.

It's deceptively simple...

Yet it led him to develop a pretty unusual technique around 'scalping' the 'sweet spots' of the best Forex markets. Watch this brand new video he just recorded that reveals these discoveries, along with an unusual 'scalping' technique.

You can watch it here > So....Are You up on this Forex "Flaw"?


p.s. If you really, really enjoy staring at your computer all day long day trading every nook & cranny of the markets, then you might not like this video, because it shows you how to spend LESS time trading and MORE time 'having a life'.



Watch So....Are You up on this Forex "Flaw"?



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Rare Glimpse into MarketClub....Once a Year 2 Week Trial, Now Open!

I'll keep this short as I know you're busy, I just got word from my inside contact at MarketClub, that they're opening up the premium service for a no cost 2 week trial!

Just click here to get instant access here....

There are 4 powerful tools available to members that you, as a free trial member, will have access to. Smart Scan, Trade School, Chart Analysis, and Data Central will be opened up just for you.

The other major bonus about this trial is that their, customer support team will be providing UNLIMITED support! You can call or email for an instant response (I know because I've used it) to any question, comment or concern. They've added another support person (hired a month ago just to train her) to ensure that all calls and emails get answered as quickly as possible.

Again, here's that link and I'll get you more info a little bit later, but I'd recommend you jump on this now.

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