Ultimately I do believe we need to see a healthy pullback in gold that works off some of the overbought conditions that are present in the price action. If investors continue to view gold as a safety trade it is obvious that prices could continue higher based on uncertainty coming out of the sovereign debt crisis going on in Europe.
Archive for Options
Are Gold & the S&P 500 Behaving Logically or Irrationally?
Posted by J.W. Jones on
August
18th,
2011
Oil futures are trading sharply lower today and are coming into a key support level going back to late June. If those prices do not hold up, we could see oil trade down below the key $90/barrel price level. At this point in time, I am not interested in trading oil, but if price works down into the $85/barrel price level I will be interested in oil as a longer term trade for the service.
One of the many useful characteristics of options is that the astute trader can design strategies to capture profit from predicted price action forecasts from a wide variety of technical indicators. I think it is helpful to have knowledge of several approaches to technical analysis in order to recognize patterns that other traders may not see.
Forex & Financial Markets: The Dollar Controls The Market Again
Posted by J.W. Jones on
July
1st,
2011
I will be watching the Dollar closely looking for clues about price action. If I’m wrong and the Dollar breaks to new lows I would expect a massive rally in precious metals, energy, and domestic equities.
Next Important Support and Resistance Levels for Dollar, Financials and the SP500
Posted by J.W. Jones on
June
16th,
2011
The price action in U.S. financial markets on Wednesday was the culmination of fear and disease. Fear was represented by a breakout in the Volatility Index (VIX) and the disease was related to the sovereign debt crisis unfolding in the Eurozone.
The buzz around the blogosphere and in the media is that Quantitative Easing II is scheduled to end in around 3 weeks. Already pundits are asking about Quantitative Easing III as a matter of when, not if. In reality a QE III Lite version is already in the cards as the Federal Reserve has stated…
Monitoring XLF Prevented a Potentially Devastating Trade in the S&P500
Posted by J.W. Jones on
June
6th,
2011
Article by JW Jones, optionstradingsignals.com My most recent analysis regarding the S&P 500 has been proven to be inaccurate as a failed breakout has transpired on the S&P 500 this …
Forex: Dollar’s influence on Silver, Gold, Oil and the S&P500
Posted by J.W. Jones on
May
25th,
2011
The consolidation that I am seeing in silver reminds me that the underlying demand for silver is still there. If the Dollar continues to weaken or more money pours into silver as a safety hedge away from the Euro currency…
Options are one of the most overlooked trading tools in financial markets and the power they offer individual investors is consistently overlooked. Options are more than just hedging tools; they offer individual investors the power to diversify away from standard assets.
Gold, Stocks & Silver Technical Analysis: Bounce back coming? Watching Dollar Forex Action
Posted by J.W. Jones on
May
9th,
2011
By JW Jones, optionstradingsignals.com The price action in precious metals and oil this past week has been breathtaking. The last time we have seen this much volatility in commodity prices was amidst the financial crisis in 2008 and the early part of 2009. Does this mean we are at the…
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