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Outlook for financial markets, according to the charts
I often refer to the technical analysis of Adam Hewison (INO.com) to provide insight into the most likely near-term movements of financial markets. He has just produced four short presentations on various markets. As my day is chock-a-block with meetings today, these links are posted without further comment. S&P 500 Index: Uptrend, but some concerns are emerging. Click here for video. US dollar: Is greenback about to resume its downtrend? Click here for video. Gold bullion: A move down to bottom level of trading range? Click here for video. Crude oil: Breaking short-term support. Click here for video. More on this topic (What's this?) Gold Price Target of USD 2,300 (Gold Stocks Today, 6/26/15) Rising U.S. Dollar an Obstacle for U.S. Multinational Corporations (Jutia Group, 5/27/15) Mayweather Pacquiao Fight and the Declining Value of the U.S. Dollar (Jutia Group, 5/8/15) 1 comment to Outlook for financial markets, according to the chartsLeave a Reply |
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By Prieur du Plessis, on March 16th, 2010 posted in: 
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Hi Prieur,
I’ve been following Adam for a while now, and his forecasts have NOT been accurate for the most part.
His latest on the NASDAQ about 2 to 3 weeks ago was his latest wrong call, expecting a pretty major correction, which in hindsight never occurred.
Other missed calls were RIMM, AAPL.
Buyer be wary here.