Bob (BDC) – Trend Quality On Oil Stocks, Gold Stocks, Silver Stocks, and Global Stock Indexes
We are back with another special quantitative analysis video with long-time KE Report blog contributor Bob (aka BDC). We visually review his saturation tables for clues as to the trend quality and potential recent top in the oil stocks, and the indications of a recent bottom and bounce in the gold and silver stocks. We also briefly review the choppy nature of global stock indexes.
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This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.
Click here to follow along with Bob’s analysis over at his Fibonomics website
https://www.tradingview.com/x/JVk5TlHG/
XOP : Target Buy Zone (©BackBox)
https://tinyurl.com/ye36hu9n
Gold Up Trend. BDC
(Use Stops!)
https://www.tradingview.com/x/a16hIpbG/
GDX : Initial Target : AB.CD = 97.22
https://tinyurl.com/ypamk7ja
OIL Has Topped. BDC
(Use Stops!)