Today's Stock, Metal, and Energy Forecasts - Aug 16 2019

Chris Vermeulen  |

Good morning, Lots of great analysis including Bitcoin today.

Executive Summary:
- Stocks set to gap higher and at short-term resistance. We will see if sellers jump back into the market and drive prices lower to fill the gap. Its Friday so if we have a weak close in price near the lows then Monday could be another huge sell-off.

- Bonds are trading a major long term resistance trend channel on the monthly chart. I would expect bonds to stall and pullback over the next few months. The video shows this very clearly.

- Metals are giving mixed signals and gold hit our key price target and resistance area yesterday for a quick 22% profit.

- Oil and natural gas are still in downtrends but not giving much insight at this time.


GET MY TRADE ALERTS COMPLETE WITH ENTRY, TARGETS, AND STOPS SENT IN REAL-TIME!

JOIN ME AND TRADE WITH A PROVEN STRATEGY TODAY!

Chris Vermeulen
Technical Traders Ltd.

DISCLOSURE: no position


The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer. The author of this article, or a firm that employs the author, is a holder of the following securities mentioned in this article : none

Comments

Watchlist

Symbol Last Price Change % Change
AAPL

     
AMZN

     
HD

     
JPM

     
IBM

     

What Is Petrolithium?

MGX Minerals explains the advantages of petrolithium and how they are helping to solve future problems today.