The following video is a long term look at several markets. There are always short term, or daytrade setups, which can run counter to the main trend. And they can be great to trade. But the bigger trends in gold and the stock market are where the bigger backups are for buying. Let’s hope the stock market permabears are even remotely right, as a breaking of support areas in stocks would be a great opportunity to buy (eventually). And the overall global environment will be bullish for both markets. I do not agree whatsoever with the permabears on either market.
About traderscott 1146 Articles
Trader Scott has been involved with markets for over twenty years. Initially he was an individual floor trader and member of the Midwest Stock Exchange, which then led to a much better opportunity at the Chicago Board Options Exchange. By his early 30’s, he had become very successful in markets, but a health situation caused him to back away from the grind of being a full time floor trader. During this time away from markets, Scott was completely focused on educating himself about true overall health and natural healing which remains a passion to this day. Scott returned to markets over fifteen years ago where he continues as an independent trader.
ETRM is on the move.
Daytrade for me today, but yes another sign of strength. Now it needs to settle down and set up a range to ‘break out” from.
Comments:
LOL, shorts only cover within minutes after I sell.
Patience is hard work.