Today's Stock, Metal, and Energy Forecasts - Aug 16 2019
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  • Chris Vermeulen published as book "Technical Trading Mastery - 7 Steps To Win With Logic", and his must had trading and market forecast newsletter is available at http://www.TheTechnicalTraders.com

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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.


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Posted 08-16-2019 11:43 AM by Chris Vermeulen