January 2008, Volume 5 Issue 1 Know It - Profit!
"Gold Sector Gains Value
In Volatile Market!"
In this issue, is the Standard & Poor's 500 near key support?
Also, Kinross Gold Corp. makes coin for the AMEX Gold Bugs Index.
The broad market indices are on a slide.
The Standard & Poor's 500 (^GSPC) is giving back last years gains... down 5.6% in the first week of the new year!
View Current Chart of Standard & Poor's 500
The current down-trend in this weekly chart of the S&P 500
was confirmed in October when the Trend Oscillator
met resistance at its long-term average.
The Swing Histogram remains below the -100 line... revealing the strength of the down-trend.
Also, the Speed Dots remain on line. The first dot to push above the line will forecast a price move into an area of resistance between 1,435 and 1,485.
Finally, the S&P 500 is nearing psychological support at the 1,370 mark... possibly creating a wide-ranging channel.
View more broad market indices at Market Metrics...
Click Here For Broad Market Analysis
The AMEX Gold Bugs Index (^HUI) is nearing resistance at its all-time high.
Will this shining index forge ahead?
View Current Chart of Gold Bugs Index
After a brief pull-back in December, the Trend Oscillator
continues to reflect the strong up-trend
in gold on this weekly chart.
The Swing Histogram remains in the +100 area... measuring the strength of the up-trend.
The Speed Dots continue to accelerate. Dots above the line forecast further gains.
Look for Gold Stocks to pull back to support before punching to new highs.
What other sectors are profitable? Market Metrics will show you...
Click Here For More Stock Sectors
Kinross Gold Corp. (KGC) is a component stock of the AMEX Gold Bugs Index.
KGC engages in mining and processing gold and silver ores, and the exploration and acquisition of gold bearing properties in the Americas, Russia and internationally.
Will KGC break resistance? Or, will it pull-back into a wide trading range?...
View Current Chart of KGC
On the daily chart, KGC
met resistance at the previous high of $21.30.
At the end of December, the Trend Oscillator marked the beginning of the current up-trend.
Additionally, the Swing Histogram reflects the strong up-trend... remaining above the +100 area.
The Speed Dots continue higher, with the latest dot located above the line... a sign of strength.
Expect KGC to trade down to support between $20 and $19 before advancing further.
Now is the time to define your trading goals for the year.
Then, adjust your stock portfolio, as necessary, using sound chart analysis.
Until next time...
Russ Schmidt, President
Subscribe to Chart Wealth...
Or... add Chart Wealth to your
favorite news reader, now!
Click Here for Past Issues of Chart Wealth
Up To 95% Accurate... Guaranteed!
Discover The "Hidden Order" In All Markets...
Download Your FREE Special Report, Now!
Stock-Charts-Made-Easy.com is not an investment advisory service, a registered investment advisor or broker-dealer and does not imply or suggest which securities you should buy or sell. You should always check with a licensed financial advisor and/or tax advisor to determine the suitability of any investment.
It should not be assumed the technical indicators, analysis techniques or trading methods presented in this newsletter will be profitable or that trading decisions based on their use will not result in losses. Past results are not necessarily indicative of future results. Examples presented in this newsletter are for educational purposes only. Any trade set-up illustrated is not a solicitation to buy or sell a security. The author, publisher and any affiliate linked to this newsletter assume no responsibility for your trading results. Remember... there is a high degree of risk in trading.
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.
Charting Principles |
Forecasting Tools |
Trading Systems |
Charts In Action |
Market Commentary |
Online Newsletter | Bookstore
For the Record | Site Map