USD And Commodities Update: The Line(s) In The Sand
Jay Kaeppel | Apr 26, 2018 09:36AM ET
I would like to tell you what will happen next in the financial markets. No, seriously I really would. Unfortunately, my crystal ball is presently not functioning. In the interest of full disclosure I should mention that it never actually did work, unfortunately I stared into it for a long time before I figured that out. That was not a happy day. That revelation led me to establish:
Jay’s Trading Maxim #62: Predicting stuff is hard. Better to identify the current trend. If you can’t identify the current trend, better to take the day off.
As I have written about a lot lately (here and here) there are a lot of markets “at the crossroads.” So rather than wasting a lot of verbiage I’m going to save the 7,000 words and show 7 charts instead. As I alluded to above, I can’t tell you where all of the various financial markets are headed, but I can show you a pretty good way to find out.
Keep a close eye on the markets relative to their respective “line(s) in the sand”. Interpretation is fairly simple:
Price above red line = GOOD
Price below red line = BAD
All charts are Courtesy of ProfitSource by HUBB)
Figure 1 – US Dollar
Figure 2 – Crude Oil
Figure 3 – S&P 500
Get The News You Want
Figure 4 – T-Bonds (TLT)
Figure 5 – Gold
Figure 6 – Coffee
Figure 7 – Soybeans
Summary
As far as what happens from here, you’re guess is as good as mine. But the point is that NOW is exactly the time to be paying close attention.
Disclaimer: The data presented herein were obtained from various third-party sources. While I believe the data to be reliable, no representation is made as to, and no responsibility, warranty or liability is accepted for the accuracy or completeness of such information. The information, opinions and ideas expressed herein are for informational and educational purposes only and do not constitute and should not be construed as investment advice, an advertisement or offering of investment advisory services, or an offer to sell or a solicitation to buy any security.
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.