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Jeff Pierce
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I’m a swing trader of momentum stocks with a holding period of anywhere from a few hours to a few months. I run a number of screens to locate the strongest/weakest stocks out there, using technical analysis to determine my entries and exits. Trying to calculate the intrinsic value of stocks in... More
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  • USD, Gold, And Crude Analysis 2 comments
    Aug 5, 2014 1:27 PM | about stocks: USO, UUP

    By Jeff Pierce

    The dollar looks set to challenge 2013 highs.

    Crude's recent move lower has hit support. I'm not convinced it will hold.

    Gold is at a similar junction where the recent bottom seems too obvious. My best guess is that in the short term we'll see dollar strength and oil & gold weakness, or sideways action in these commodities.

    Stocks: USO, UUP
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  • Stephen Mayo
    , contributor
    Comments (630) | Send Message
     
    It would be nice if gold can build a base in the 1200 to 1400 range for a while.

     

    Then when inflation really hits it will be ready.

     

    Nice post, thanks.
    5 Aug 2014, 03:23 PM Reply Like
  • kshallcross
    , contributor
    Comment (1) | Send Message
     
    Per Chart Gold looks like it is in a stage 1 consolidation phase
    5 Aug 2014, 09:59 PM Reply Like
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