April 16, 2019 Chris Vermeulen TheTechnicalTraders.com A very interesting price pattern is setting up in the financial sector that could lead to a very big move in the US & Global markets. Remember how in 2008-09, the Financial sector and Insurance sector were some of the biggest hit stock sectors to prompt a global market crisis? Well, the next few weeks and months for the financial sector are setting up to be critical for our future expectations of the US stock market and global economy. Right now, many of the financial sector stocks are poised near an upper price channel that must be breached/broken before any further upside http:/price advance can take place. The current trend has been bullish as prices have rallied off the December 2018 lows. Yet, we are acutely aware of the bigger price channels that could become critical to our future decision making. If there is any price weakness near these upper price channel levels and any downside price rotation, the downside potential for the price is massive and could lead to bigger concerns. Let’s start off by taking a look at these Monthly charts… This first Monthly Bank Of America chart is best at showing the price channel (in YELLOW) as well as a key Fibonacci price level (highlighted by the MAGENTA line). We’ve also highlighted a price zone with a green shaded box that we believe is key support/resistance for the current price trend. As you can see from this chart, since early February … Continue reading
With The Masters rapping up in Atlanta, we have Tiger, still in the hunt with a few holes remaining as I write this piece. Hello Subscribers and others interested in possibly becoming subscribers. Gold has substantially fulfilled our views as well as the views of TheTechnicalTraders.com to the down side target of no more than $1278. We could easily trade in a tight range now for a few weeks, before we resume the upside move and then take out the longtime overhead resistance around $1400 and then head to $1500 perhaps by years end. You need to be in position very soon to capture what I believe will be the potential for many 10 baggers in resource shares and much more in the stock warrants on those shares. Get Started Now Recent Articles On Our Websites: Stock Warrants | Power Point Presentation (April 5, 2019) ADL Predictions For Price Of Gold Precious Metals Setup Final Buying Opportunity Is This The Last Leg Higher For The Dow Index? Crude Oil Nearing Resistance – Could A New Top Form Here? Canadian Dollar May Be Setting Up For An Upside Breakout Enjoy your weekend but don’t go to sleep and miss this opportunity, Dudley Pierce Baker http://CommonStockWarrants.com GET STARTED NOW
March 30, 2019 Chris Vermeulen TheTechnicalTraders.com As we’ve been suggesting for months, expect continued moderate price weakness in Gold and Silver through most of April 2019 and possibly into early May 2019 before a strong price rally will setup and push Gold prices well above $1500 before the end of 2019. Our Adaptive Dynamic Learning predictive price modeling system has been calling for this move for many months (see the chart below). This advanced predictive price modeling system is suggesting that in May/June of 2019, we will likely see a bigger price rally unfold in Gold and Silver which may be paired with some type of geopolitical or global economic event. See this article for more details. Gold rallies on fear (in most cases) and the only reason for Gold to really as our ADL predictive modeling system is suggesting is that some renewed level of fear could enter the global markets. This could be from any type of global crisis event or even a regional crisis event (think Brexit, EU crisis or some other foreign nation crisis). We believe skilled traders should be actively seeking to identify buying opportunities below $1295 in Gold as we only have about 20 days left before our original bottom/base date of April 21, 2019. This Gold Monthly chart, below, highlights the ADL predictive modeling systems expectations as well as the three support levels that we believe all Gold traders should be targeting. Gold is currently within the first target level and an opportunity to … Continue reading
March 28, 2019 Chris Vermeulen TheTechnicalTraders.com Our research team, at Technical Traders Ltd., has been all over the precious metals markets for the past 16+ months. We’ve been so deep into research and study with regards to price action and technical/fundamental data, that we’ve been able to call market moves many months in advance. Recently, over the past few months, we’ve been warning that an April 21~24 date is likely to set up an ultimate price bottom in the precious metals market. It could prompt a broader upside price swing that should eventually lead to a much bigger upside breakout move. On March 8, 2019, we posted this article that clearly outlined our thinking at that time saying a bounce to $1315-1320 before heading down to $1255. Take a minute to read that article and consider this current downside price action as a gift the precious metals markets are allowing for all of us. This is the move that we’ve been warning about for months – the retracement from the $1315~1320 level that should bottom out near $1240~1265 and will ultimately become the “momentum base” for the future upside move. Precious metals are starting a move that we predicted many months ago. Our researchers believe Gold will trade below $1275 for a brief period of time (likely just a few days or weeks) before setting up a broad-based momentum bottom. Our objective is to “leg into” this setup with a series of long trades for the ultimate upside breakout. Our research suggests … Continue reading
March 24, 2019 Chris Vermeulen TheTechnicalTraders.com It was another interesting Fed meeting and statement that caused some serious volatility in the markets to end the week. No doubt a risk off trade has developed as yields fell hard around the world. Be sure to go back through the week and listen to some of the daily editorials posted post-Fed. There’s a lot of good information. Segment 1 – Marc Chandler, Managing Partner at Bannockburn Global ForEx shares his thoughts on the Fed statement and situation that the central banks are in. Interest rates are historically low, and even negative in many countries, but the global economy continues to slow. Segment 2 – Chris Vermeulen, Founder of The Technical Traders has some thoughts on how far the market could breakdown. Segment 3 – Jeff Christian, Managing Partner at the CPM Group weighs in on the precious metals markets and when he sees a recession hitting the US. Segment 4 – We get an update from IsoEnergy and the President and CEO Craig Parry. IsoEnergy has been drilling some good exploration holes and looking to continue stepping out through the year. Click here to visit the IsoEnergy website.
March 22, 2019 Chris Vermeulen TheTechnicalTraders.com The Russell 2000 ETF continues to deliver critical technical and longer-term price patterns for skilled technicians. Combining the IWM chart with the Transportation Index, Oil, Gold, and others provide a very clear picture of what to expect in the immediate future. Recently, we posted a research article about the Head-n-Shoulders pattern setting up in the $INDU. Again, the IWM chart is also showing a very clear Head-n-Shoulders pattern with critical resistance near $159.50 and support near $144.25. Our researchers, at Technical Traders Ltd., believe this right Shoulder will prompt a downside market move towards support near $144.25 before a downward sloping wedge pattern sets up. This first downward price leg will setup and congesting wedge formation that will, eventually, break to the upside and drive market prices higher. We authored a research article about this pattern setup on February 17, 2019. Skilled traders watch all the charts to assist them in identifying characteristics that can assist them in understanding price moves, key support/resistance levels, and price patterns. This IWM chart should be on everyone’s radar at the moment. Where the IWM finds support, so will the other US stock market indexes. WEEKLY IWM RUSSELL 2000 INDEX PATTERN The IWM setup indicates we may only see a 5~7% downside price swing before support is found. We’ll have to watch how this plays out over the next few weeks/months to determine if the $144.25 level is true support or if the lower $137.00 level … Continue reading