ChaseTrend

The Market continues to Grind higher and higher despite what people say.  The only thing which is starting to change with the market is a short-term sell off occurring in the Gold Market combined with more volatility in oil stocks.  We are also starting to see further upside in areas such as real estate stocks and certain bio techs.  ChaseTrend believes the grind higher will continue as long as the market doesn't go up too quickly and fast.  Stay tuned as well shall see if this sell off in gold will continue or if its a short-term buying opportunity.  Thanks!

Chase the trend into your next move!

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The market is pushing higher, we are starting to see pretty overbought levels.  CT is looking for a capitulation type move to take place shortly which will cause a strong pullback in the markets.  Stay tuned as CT will update when this occurs!  Regards!

Also-Check Out Partner Sites:  http://www.GoldCoinsHuB.com  &  www.GoSolarHuB.com!

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Well, this market is fairly tricky but the trend now seems to be pointing up.  The real test will be if the market can break above 1040 on the S&P and close above it.  For now, strong upward momentum in place is definitely noted.  Stocks of interests include the Financials, tech stocks, and oil companies.  Stay tuned for individual picks once we get more clarity!

*Chase the Trend into your next move


Also visit:  WWW.GoldCoinsHuB.COM 

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This recent 3 day move in the market seems to be a head fake as not only is this move now in major resistance but also the volume was anemic to the upside.  We should see a good pullback next week and then the key will be where support holds.  There is still the possibility of major pullback which could take the Dow down to the low 8000's but it may take time.  Bottom line, our most recent downturn in the market since the "Flash Crash" is not over as of yet!  Stay tuned!

*Chase the Trend into your next move!

Please visit our sister site:  WWW.GoldCoinsHuB.com!  (A great site to purchase precious metal coins) as gold is still in a bigger term up trend!

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The Market is in severe territory here with the potential of a collapse to occur any day now even tomorrow.  All major indexes have now formed a massive head and shoulders top pattern where the price is now in the beginning stages of piercing the right shoulder.  What this means is that, the Dow may fall down toward 8400.  Gold isn't even the safe haven as it too is starting to fall drastically with it down almost 50 dollars today.  This signals an overall major sign of weakness.  Even if we get a bounce tomorrow, CT believes the rally should be sold as the market has a very strong change of massively breaking down.  Stay tuned and be careful!

*Chase the Trend into your next move! 

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Are small base and rally we established the last couple of weeks is beginning to fail.  It looks like the next support area on the DJIA is around 10,200.  Weakness prevails across all areas....Gold is still on Trend but the stocks continue to show signs of weakness.  Too early to say if Gold will break its up trend but for now, ChaseTrend is noting that this could be a possibility but still not fact.  As of now, ChaseTrend is looking for an continued short pull back...then we wonder is the summer quite time will kick in, or if volatility will continue.  There seems to be too many unknowns out there from the Euro debt crisis to BP for the seasonaly slow summer times to kick in!  Stay tuned with ChaseTrend for further updates. 

Please be sure to check out our partner sites:  WWW.GoldCoinsHub.com ! and WWW.BuyPreciousMetalCoins.com! for investing in Gold Coins as the sector is still in an overall bullish mode!

*As always, trade at your own risk

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This market pop today may continued for the next couple of days but be prepared for the most recent lows to be tested shortly!  Words of caution!  For now, gold some financials and techs may continue for the next two trading sessions.  Gold looks to be the better long term play for now!  Stay tuned!

*Chase the Trend into your next move!

Please visit CT's Affiliates at:  www.GoldCoinsHub.com to purchase precious metal coins!   


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After last week's free fall, the market is trying to repair itself.  Despite, the technical's point towards continued weakness!  Are things going to melt down?  ChaseTrend believes this current move up has limited life as a retest for last weeks low will need to be tested before a new high can be made.  This is the way things look for now and as always they could change.  So, for now words of caution as this move up in the market appears to be a suckers attempt and a retest of last weeks low will need to happen before any clarity of trend. 

Chase the Trend into your next move!

Also visit our partner site:  www.StockMarketGear.com!   For market trading tools!!

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Since the last post, the market had some very strong momentum.  As CT stated before, it would take a major event for the market to correct.  This event started to take place related towards the debt load of the PIIGS countries.  Since this has continued to unravel, the markets are continuing to become more fearful.  As for now it seems the next major support level on the Dow is around 10600 to 10700.  Market may bounce a little before this target number but it appears with a close before 11000 which is likely today this number will need to be reach before any major upward bounce.  Interesting how one of the weakest stocks recently GS is actually up today.  Well see how the news unfolds but for not this correction could be a nice buying opportunity for a short-term bounce.  The news with the PIIGS will eventually need to be resolved...We shall see what happens....also the major focus is still on the economy of the U.S which seems to be in a bottoming and up turning mode even as state by Warren Buffett this week.  Stay tuned with ChaseTrend.com!

*Please visit our partner site of www.StockMarketGear.com for market related tools!  Thanks!

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Recently we have seen some very strong upward momentum in stocks especially the most beaten up sectors 1 year prior.  So, the question is, "Why is this happening?"  Well, basically a lot of banks and real estate companies are coming out with better than expected earnings.  Bottom line, things are now starting to improve in the economy and the once worries which brought the market down are now starting to heal.  As a result, companies have bottomed and are now turning the corner.  The dynamics of these stocks are now seeing massive short squeezes in combination of fresh position buys.  CT believes this momentum is in play until we see a sign of it breaking.  Many people are scared of the Greece debt crisis but the market continuously shrugs off the weakness.  In other words, as for now we still go up until the market breaks down.  The best plays for highest return will most likely continue to be certain retail stocks, select real estate companies, and bank stocks.  We are also beginning to see some strong pattern set ups in gold and silver which need to be noted as a place for further price appreciation.  CT also likes Citigroup once Citi can get over 5 dollars then there is a strong chance of hitting 6 per share.  Furthermore, this Goldman Sacs new may put a damper on Financial's but this should be short lived as the momentum is just too strong to take the market down unless some major news event happens.  Bottom line, unless some major news event happens the market has a very strong change of going higher with Financial's to real estate stocks including all caps having a major move!  Stay Tuned!


Chase the Trend into your next move!

Please also visit our partner site:  www.StockMarketGear.com

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Since the previous post, the market did as expected but instead of retesting the old highs the market decided to break them.  Now, despite the bears out there the market wants to push higher with a strong potential of breaking 11,000 on the Dow with the potential of moving towards Dow 11,200 at least for the near term.  The stocks to play continue to be the most heavily shorted stocks with high beta.  This includes stocks in the Real Estate and Financial arena.  Other areas of continued strength will be the commodity play i.e Oil, Gold, and Silver.  Commodities seem to be a strong leader of this market and this needs continue notice until the correlation breaks...In other words stay with the trend until broken!  Next week is Options X so we should see some nice volatility!  As for now the bulls are in charge until things change. 

Stay tuned with ChaseTrend for further market updates!

Chase the Trend into your next move!

Please also visit ChaseTrend's Partner site:  www.StockMarketGear.com !!

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Since the previous post, the broader market indexes including the Dow and SP were in a downtrend.  The Dow nearly dropped 1000 points from its high and commodity stocks tended to be the leader for market direction including the sell off.  Recently, we have broken the resistance levels and the market seems to want to retest the old highs.  Despite, the volume doesn't seem to be very strong as a whole and the price patterns look to be fairly unorthodox.  So, it’s hard to believe the market wants to go up, but the price continues on this trend and this needs to be noted.  As of now the Market wants to retest the old highs but CT believes if these levels are touched 10,767 on the Dow and even broker it could be a head fake where the potential of a bigger term leg down will increase as the whole pattern will then be stuck with less upside potential to higher downside probability.  Time will time as well as how things play out with the news including interest rates and Greece as well as other countries debt crises.  As of now, the plays to look for are energy stocks, gold and silver stocks and some bio and tech stocks.  Stay tuned!

*Chase the Trend into your next move!

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The Market is still in a corrective phase. We need to break these resistance levels before there is any clarity of any future rally. Until then, the market is in a downtrend and further downside seems to be a strong possibility! The dollar is still in rally mode which will continue to put downside pressure on commodities. Commodities will be leading the way toward the next leg in the market. Stay tuned! As always, trade at your own risk! Chase the Trend into your next move!

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