Technical Talk: Daily update (Tuesday, May 24, 2011)
Adam Hewison, charting strategist of INO.com, brings you another edition of his invaluable service of daily technical updates on the ups and downs of various markets. This short analysis is a great tool for keeping one’s finger on the pulse and timing the markets.
Click the image below to hear his latest views on gold (short-, medium- and long-term buy), silver (more recovery potential, possibly to $42), the US Dollar Index (not much more short-term upside potential, long term negative), the CRB Index (in a tight trading range), crude oil (strong support at $96, needs to break $100 to enter uptrend), and the S&P 500 Index (primary trend up, but in a short-term trading range with support at 1,295/1,300). Also, click here to have an instant analysis of any ticker symbol in your portfolio performed by INO.com.
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Get a Free MarketClub analysis of your portfolio instantly – Click Here!
Source: INO.com, May 24, 2011.
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