What are Other Markets Doing while Stocks Break to New Highs June 9
Fri, Jun 9, 12:11 PM ET, by Corey Rosenbloom
Equities continued their non-stop march to new all-time highs.
If you’re just watching equities (stocks) right now, you may be curious what other markets are doing right now.
I’m so glad you asked!
Our “Quad-Market Grid” shows the following activity on the hourly chart:
BULLISH Money Flow into Equities and Gold (except the last two days in Gold)
BEARISH Money Flow in Crude Oil and the US Dollar.
While these trends have been strong/persistent intraday, do note the possibility for a short-term trend reversal UP in the US Dollar (and possibly Oil off support) and DOWN for Gold.
We’ll be covering these markets on all three timeframes and giving you strategies/targets for trading these markets in our Weekend Member Update (join us to receive it and have additional information for your trading decisions).
Follow along with members of the Afraid to Trade Premium Membership for real-time updates and additional trade planning.
Corey Rosenbloom, CMT
Afraid to Trade.com
Follow Corey on Twitter: http://twitter.com/afraidtotrade
Corey's book The Complete Trading Course (Wiley Finance) is now available along with the newly released Profiting from the Life Cycle of a Stock Trend presentation (also from Wiley).”
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SDI Glossary: "Stock" Definition
SDI Glossary: "Trend" Definition
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