{"id":19907,"date":"2011-03-03T10:15:50","date_gmt":"2011-03-03T15:15:50","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=19907"},"modified":"2011-03-03T10:15:50","modified_gmt":"2011-03-03T15:15:50","slug":"forex-stocks-commodities-long-term-trends-in-the-dollar-gold-silver-oil-sp500","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/03\/03\/forex-stocks-commodities-long-term-trends-in-the-dollar-gold-silver-oil-sp500\/","title":{"rendered":"Forex, Stocks & Commodities: Long Term trends in the Dollar, Gold, Silver, Oil & SP500"},"content":{"rendered":"

By Chris Vermeulen, thegoldandoilguy.com<\/span><\/strong><\/a><\/p>\n

\n

Trading with multiple time frames \u2013 Every now and then it\u2019s always a good idea to look at some different time frames to be sure you have a solid understanding for the longer term trends in play. I will admit that it\u2019s easy to get caught up in trading the shorter time frames like the 1, 10, and 60 minute charts especially when there are large intraday movements. But every night you must reset your thinking by looking at the bigger picture.<\/p>\n

Below are weekly and daily charts which I think provide a big picture view of things.<\/p>\n

SPY \u2013 SP500 Index Fund \u2013 Weekly Chart<\/strong>
\nYou will see that in both 2009 and 2010 we saw a 5-8% correction down to the key moving averages. I feel that we are in store for a similar pullback in 2011. After that we will most likely continue higher.<\/p>\n

\"\"<\/a><\/p>\n

US Dollar Index \u2013 Weekly Chart<\/strong>
\nThe dollar is trading down at a key support level which I am keeping a close eye on. If we get a close below this trend line then we should see the dollar sell off sharply which in turn will trigger another leg higher in commodities across the board.<\/p>\n

\"\"<\/a><\/p>\n

Crude Oil \u2013 Weekly Chart<\/strong>
\nCrude oil has really taken off because of the fears coming out of the Middle East. From the looks of it the next key pivot level is the $110 level.<\/p>\n

\"\"<\/a><\/p>\n

Gold \u2013 Daily Chart<\/strong>
\nBoth gold and silver have made new highs but after such a run I expect we see a quick pullback before they go higher. Gold and silver are the two investments I think everyone should hold a core position for the long run no matter what happens to the price. But, if we do get a nice quick pullback into the key moving averages then I think it\u2019s a great spot get involved with more money.<\/p>\n

\"\"<\/a><\/p>\n

Mid-Week Trend Report:<\/strong>
\nIn short, I am bullish on stocks and commodities and bearish on the dollar and bonds. The one issue I see going forward is that if the dollar breaks down it will most likely help boost oil prices which in turn puts downward pressure on stocks\u2026 So depending on how things unfold in the Middle East and a falling dollar, we may not see higher stock prices. Some individuals are forecasting $150-220 per barrel and I know if it gets back up there it will definitely slow the economy and stock prices down\u2026<\/p>\n

That\u2019s it for now, but if you would like to these reports sent to your inbox be sure to join my free newsletter: http:\/\/www.thegoldandoilguy.com\/trade-money-emotions.php<\/strong><\/span><\/a><\/p>\n

Chris Vermeulen<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Trading with multiple time frames \u2013 Every now and then it\u2019s always a good idea to look at some different time frames to be sure you have a solid understanding for the longer term trends in play.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-19907","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/19907","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=19907"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/19907\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=19907"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=19907"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=19907"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}