Commodity & Index ETF Trading Strategy
May 9, 2010
As we all know, last weeks stock market blip/mini crash was very emotional for those of you watching or trading it live. A lot of money changed hands last week and you either lost a bundle or made a bundle…
I did send out some charts and a video on Thursday night about the market crash/recovery if you have not seen it. It’s called “Stock Market Micro Intraday Crash Shows Us Where The Safe Havens Are”.
Below are my ETF charts for the commodities and index I actively follow and trade.
GLD – Gold Bullion ETF – Daily Chart
GLD is a great ETF to trade as it generates 10-20 quality low risk setups each year for subscribers. The chart clearly shows the large rally in late 2009 and the correction as it formed patterns moving from a down trend – base – and back to an uptrend.
…..read more and view charts on the $USD, iShares Silver Trust (SLV), USO Oil Fund and the SP500 INDEX Trading ETF HERE