Gold and gold stocks are setting up a basing formation that will eventually resolve into a big move higher or lower. Sentiment in the gold market is bearish and the media is totally ignoring the gold market right now. Seasonally gold tends to make a major bottom around the end of June and the start of July. All that and more is discussed in the video below:
Happy Memorial Day to all NBT readers!
In this video I discuss the weak breadth that has occurred across the stock market since early March 2017. Weak breadth means that less stocks are participating in a market rally, which means that it’s harder to find a stock that’s outperforming the market. The market so far in 2017 has been led by large cap tech stocks and by the semiconductor industry groups that have been in strong Stage 2 uptrends since the middle of 2016.
In the second part of the video I go over the importance of not chasing overextended stocks that are far away from the 30-week moving average. This can lead to losses and occurs because traders lack discipline to wait for a better buy point after the stock has consolidated for a while.
In this video I take a look at the big correction in uranium mining stocks from last week. I take a deep dive into what separates successful trading from traders that tend to struggle more as it pertains to managing risk.
In this video I take a look at recent action in the uranium and gold sectors and some bullish developments for each sector. I also discuss two stock market sectors that I think could outperform as we continue into 2017.
Uranium mining ETF URA was one of the top performing ETFs in the first quarter of 2017. What’s next for the sector? In this video I take a look at inter-market analysis of the commodities and stock markets and how they could impact the uranium miners to start Q2 2017.