No Worries.... AMZN up 6 !
Posted 07 July 2017 - 09:26 AM
No Worries.... AMZN up 6 !
Posted 07 July 2017 - 10:06 AM
Wooops.... Janet Yellen is going after the gold bulls today, and she's got a knife in her hand...
Rocky Mountain Oysters anyone?
XAU 2017 Low this morning.
Posted 07 July 2017 - 01:20 PM
It's now selling with positive breadth divergence...
http://etfinvestment...vance_decline_d
There are some signs of a price momentum bottom too...
Edited by arbman, 07 July 2017 - 01:25 PM.
Posted 08 July 2017 - 07:48 PM
It looks like the QQQs actually follow the action of the XLE energy sector etf. I think the QQQs are traded by more retail speculators than the XLE energy companies which are probably dominated by institutions. XLE basically traded up in a straight line from early 2016. QQQs had a lot of hiccups in 2016 but recovered very quickly. I think it was because liquidity was extremely high in 2016 and early 2017. Everyone can see that the Fed has taken the punchbowl away bigtime. Silver dropped big on Friday. I think the Fed wants to create a downtrend in the markets before the new Fed appointments are made in January 2017.
Edited by Charvo, 08 July 2017 - 07:50 PM.
Posted 09 July 2017 - 11:56 AM
There never was PEAK oil! With all those pesky regulations removed, US is now a energy exporter! Hard to believe after living through oil embargo's of past decades. That is knife in back of Russia (& Putin) because Russia is a big gas station pretending to be a country. With oil prices plummeting, Putin is in the wringer. In the meanwhile I am enjoying the $2.02 gas here in Florida.