Obviously, the first Friday of the month brings the Non-Farm Payroll number front and center. The market has been winding up for four days ahead of this key figure. The good news for us? It doesn’t matter what the number reveals, because a breakout in either direction could mean a 200 point move for the Dow.
The Silver futures contract has enjoyed a nice run of strength lately, but is beginning to stall at a clear area of pivot confluence. Also, one of my favorite candlestick reversal patterns has just fired a short signal, which means a round of weakness could be seen ahead!
After reaching our $140 target a little over a week ago, First Solar ($FSLR) looks poised for another big breakout opportunity – one that could move price over 10 points!
I wrote about a great PEMA sell signal in Barrick Gold Corp. ($ABX) on July 23, which worked out perfectly. This time, however, I head straight for the source, as Gold futures looks poised to head lower over the next three to four days.
The Dow Jones Industrial Average ($DJI) has been quite bullish after rallying nearly 1,000 points from the July 2 low. However, the index looks poised for another round of buying pressure – one that could lead to the next 350 point move!
