Products and promotions on fire the last two weeks, and I think it's just time to get everything stopped breathing. While I continue to stay long, to take money off the table to lock in profits, it is a safe game. Only a quick glance at the charts, we can say that the chances to indicate what type of pause or pullback in the coming days. I think we could see a profit each day.
Trading gold ETF – GLD
Gold ETF – this is one of my favorite trading vehicle. Using simple trend lines and looking at recent price action, we can see that the price of gold is looking ready for kickbacks. Buying at this level aims and it usually means that you are buying at a high level and panic low.
Silver ETF Trading – SLV
Silver ETF looks in the same boat as gold. I believe that I will see what Bokova share price or rollback.
ETF Trading Natural Gas – UNG
ETF on natural gas confident that over the past 6 months, all went willingly. In a bear market, still there is a place that can be seen on the daily chart. So far this week, the price has broken and is trading at $ 11 support level in the coming days, the fund may generate a signal to buy or sell my trading model, so I am waiting for the exact entry and exit points, before jumping on the fuel truck.
Crude Oil ETF Trading – USO
This week the ETF – crude oil broke the trend line resistance, but is still struggling to move above the level of August. On the & # 39; volume decreases and price increases, that & # 39 is a bearish indicator. USO looks ready for some type of pullback as it digests the break before moving higher.
Average weekly GLD, SLV, UNG, USO ETF Trading Report
That the general public hears and thinks about the stock market?
Of his last letters, local financial news, relatives, friends, etc. … all I hear a strong market. Indices make new yearly highs, while profit better than expected in the quarter. It seems that all we need to do is buy, and life will be magnificent!
Well, in my opinion, the market – it is the perfect tool for misleading and disappointing the public. All my indicators tell me that we need to fix before the rally is much higher. Usually the market (reasonable price) expects good and bad news in a few weeks rather than a month in advance. Thus, the question:
Or profit tsanuetstsa already on the market? Or is it all positive coverage market makes the general public to buy here on this potential market?
The answer is only time will tell. Nobody knows exactly what the market will do, but short term moves can be predicted with relatively high accuracy. Do not get me wrong, I'm still bullish on the market, but because of all this good news becomes public information, you need to think about what's next. I still long the market, but to refine their positions to lock in profits and stay in the game.