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I am an independent investor blogging at Scott's Investments (http://scottsinvestments.blogspot.com/). My site focuses on consolidating and tracking free online investment resources for the public with an emphasis on ETFs, portfolio strategies, and macroeconomics. If you are interested in... More
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  • Gold Separates and Accelerates and Has the S&P 500 Topped Out? 0 comments
    Nov 4, 2009 12:54 PM | about stocks: GLD, SPY
    From INO.com, a couple of brief videos discussing gold and the S&P 500. Regarding the S&P 500, Adam Hewison of INO discusses whether it has finally broken support (the free video is available here):

    In our last video on the S&P 500 (10/27), we indicated that this market may have topped out for the year. Today’s action puts in place a weekly “Trade Triangle” which indicates that a temporary or a permanent top is now in place for this market.

    In this latest video, I share with you some of the ideas that I think could potentially come into play for this market. Not only do I have some downside targets in mind, but I also see a pattern that could evolve in the next several weeks which will confirm that we’ve made a serious high in this market.

     

    Also, in his newest video, he discusses Gold and how yesterday if finally broke free from the dollar and other indicators.
    Themes: adam hewison, ino.com, gold Stocks: GLD, SPY
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