Update: Oil, Gold, SPY, AVEO

June 23, 2017-8:41 pm traderscott The Entry Points Market Blog 0

The Entry Points

My plan is to do more intraday video updates with specific trades, and integrate it with specific trade setups. In the meantime, this market update is for oil, gold, SPY and AVEO. Included is the explanation of where, how, when I come up with the areas to buy, specifically for PMs. Which for me, those areas are always “below support”. Meaning, waiting for the sell stop runs/weak hands to get cleaned out. En masse/as a group they always buy at the worst times, and they sell at the worst times – those are then great areas to enter. It’s why in the premarket comments I said to first wait for “gold to trade below 1245, silver below 16.40, and GDX below 22.10“. And you can see the results now with the rallies. These were repeated in the premarket comments for weeks, and the public recap is with this post.

 

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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.

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