Market Updates

Starting September 5, 2017 settlement will be two days after trade (T+2) rather than three days after trade (T+3). This just puts US and Canada on a more even scale with other nations. You don't need to do anything. Your money will just be available to you one day sooner. Trade Smart, ​​​​​​​Don … [Read more...]

Gold is on everyone's radar over the past few weeks. I'm watching it too. Price has recently broken above long term resistance, the downwards sloping white trend line for the first time in five years. That is significant. SPDR's Gold Trust (GLD) weekly I would be cautious at jumping in too early however. This could be a total head fake. If price starts closing above 132 I will become more interested. The stock market is trading very cautiously right now. We should follow … [Read more...]

Amazon.Com (AMZN) daily ​​​​​​​ Price closed the week out below intermediate support, the horizontal blue line. This is the first weekly close under this price level since May. Our recommendation from August 15 is down about 4%. Sell it and limit losses. Global X Lithium ETF (LIT) daily Price is up about 7.5% from our recommendation on July 26. Our next price target is 34.82. Price action is looking good. Continue ho hold. Albermarle Corp (ALB) daily Price is down about 2.5 … [Read more...]

If you own stocks in the oil patch I recommend selling them. There is no end in sight for the deterioration of price. Exxon Mobil Corp (XOM) monthly XOM is just one example. I could show you many more where price is just getting crushed. Just look at the chart. You don't need special glasses to see this. Trade Smart, Don … [Read more...]