Pre Week Market Analysis and Price Forecasts

Chief Strategist Chris Vermeulen of TheGoldAndOilGuy.com ETF trading alert service has been on fire lately with not only recent price action in the SP500 and Dollar but also with his trades. He recently traded the last rally in gold for a quick 10% gain, then shorted the SP500 pocketing another 7.3% profit and to top it off his subscribers are long the UUP dollar ETF with 1.4% gain in the SCO oil etf pocketing 7.4% profit this morning in less than two trading sessions.

Chris has put together a short video explaining what took place on Friday and what to expect going forward along with a possible trade setup this week!

Here are the points he covers:

1. The US dollar index has moved nicely in our favour in overnight/pre-market trading and will gap up this morning.
2. Crude oil has also moved nicely in our favour to the down side and resting on the support trend line.
3. Both gold and silver are trading with a short term bearish pattern but I am not willing to short them at this time.
4. The strong move up in the dollar has put pressure on equities which are trading down 1.5% in pre-market.
5. We could be shorting the index later today or this week depending how things unfold moving forward today.
   

WATCH HIS DETAILED VIDEO HERE: http://www.thetechnicaltraders.com/ETF-trading-videos/index.html