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.
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!
Barrick Gold Corp. ($ABX) has traded sideways after topping out at major resistance at $47.25 in June. After a recent decline from resistance, $ABX could be ready for another decline – and I’ve got three reasons why!
I’m back from South Padre Island! It was a well-deserved vacation filled with sun, fun, and food. The good news? I brought back a few things: a sunburn as a souvenir and two reasons to buy Netflix, Inc. ($NFLX).
