Sunshine Profits

S&P 500 at Resistance Level, Downward Correction Ahead?

The nearest important level of resistance of the S&P 500 index is at 2,635-2,640, marked by December the 14th daily gap down of 2,635.07-2,637.27. There is also a resistance level of 50% retracemen...

5 MIN READ
01/17/2019

Bitcoin Wavers

Bitcoin remains on the fringe of the financial system. The Bank of International Settlements (BIS) has recently issued a warning on Bitcoin. In an article on the Forbes website, we read:

4 MIN READ
01/15/2019

US Government Shuts Down. Will Gold Go Up?

Could you imagine life without a government? Now, you can. The federal government has been shut down since December 22nd, 2018. The government shutdown does not, of course, imply that the whole gov...

4 MIN READ
01/15/2019

S&P 500 Bounces Off 2,600, Downward Reversal?

The nearest important level of resistance of the S&P 500 index remains at 2,600, marked by the previous local lows. The resistance level is also at 2,635-2,640, marked by December the 14th daily ga...

4 MIN READ
01/14/2019

The Gold Market in 2018

â??Hence, we are neutral to slightly bearish for the gold market in 2018.â? â?? this is what we wrote in the December 2017 edition of the Market Overview. Fast forward one year (oh my God...

4 MIN READ
01/11/2019

Did Strong December Payrolls Push Gold Prices Up?

U.S. nonfarm payrolls accelerated in December, beating expectations. The economy added 312,000 jobs last month, following a rise of 176,000 in November (after an upward revision) and significantly ...

5 MIN READ
01/08/2019

Stocks Rallied Again, Still Just an Upward Correction?

The nearest important level of resistance of the S&P 500 index is now at 2,530-2,550, marked by some previous fluctuations. The resistance level is also at 2,570-2,600. On the other hand, the level...

4 MIN READ
01/07/2019

Will Futures Save Gold?

Usually, the Comex is seen by precious metals investors as the main public enemy. After all, itâ??s a marketplace for all these short futures which allegedly suppress the gold prices. But now, t...

5 MIN READ
01/04/2019

Apple Warns, Will Downtrend Resume?

The nearest important level of resistance of the S&P 500 index remains at around 2,500-2,520, marked by the recent local highs. The resistance level is also at 2,530. On the other hand, the support...

4 MIN READ
01/03/2019

Will Coins and Bars Save Gold?

The best stories are about the conflict between good and evil, or light and dark. In the precious metals market, we also have such a narrative, or actually several variations on the theme. But one ...

6 MIN READ
12/28/2018