TG Watkins – Technical Observations On Interest Rates, The US Dollar, General Equities, Gold, Silver, and Uranium
TG Watkins, Director of Stocks at Simpler Trading and Editor of the Profit Pilot website, joins us to share his trading outlook for the bond yields, the US dollar, US general equity markets, the precious metals sector, and the uranium space. It’s very mixed bag when it comes to direction for many sectors, but clearly the higher interest rates and stronger dollar are hurting many other sectors so we look at the technical on those two markets driven by macroeconomic forces.
Next, we dive down into some of the market internals that have his attention; looking a pricing relative to key moving averages across the market breadth. With gold, silver, and the mining stocks, he outlines what he watching for moving forward, as they have clearly broken down. We wrap up with the good call TG made getting positioned in the uranium stocks, and then warning last discussion of the potential for a pullback in the short-term. We will follow up with TG on many of these topics in our next discussion later in October to see if there are any new uptrends developing.