Trading Volume Spells Trouble For Bernanke, Yellen, And The QE Experiment
Where Did The Volume Go? Why Are The Markets Not Spiking Higher?
The gold cheer leaders are behind a new bullish move for gold back to $1900 USD. Let's review the GLD chart with our very own RTTTrendPowerOBV.
With good trends volume confirms the trend, many folks have relied on the standard OBV to confirm the health of the trend. RTT members can add to this RTTTrendPower and RTTTrendPowerOBV.
Excellent chart eye candy follows after the jump...
Where Next Now That Mondays Precious Metals and Equity Prices are Marked UP?
Precious Metals, Equities and Crude Oil Long Term Outlook Part II
8 Technical Analysis Tools That Give Any Trader an Edge
You may have seen a TV ad where "traders" describe their strategies, and one says, "I trade on fundamentals." That sounds very reassuring -- except that, on any given day, "fundamentals" are a mixed bag:
You might have a good U.S. employment report...but bad news from Europe
A positive Fed statement...but a negative housing number
Strong earnings...but slowing consumer spending
How to trade oil is not an easy thing to do in today’s headline driven market. Even the best oil analysis which may have been correct will still be wrong at times. This is due to the fact that oil has many factors which play into its price. Things likes like extreme weather conditions, geopolitical events, currency fluctuations, economic conditions and supply and demand.
The markets have slowly faded off the opening highs as fears about the global economy continue. This market is not just worried about the European debt crisis which has bubbled up again, but also the debt ceiling issue in the U.S., inflation, jobs and the end of QE2. There is a ton of gray in the short term future of the economy and big money seems hesitant to commit.
Stronger U.S. Dollar Index Halts Stock Market Indexes
Monday's are notoriously a light volume trading session which usually favors the upside action in the major stock indexes. This morning the trading volume is extremely light as the SPDR S&P 500 Trust(NYSE:SPY) is trading just 29 million shares as of 10:28 am EST. Normally, light volume will often help to lift the major stock indexes, however, the U.S.