weekly news wrap up for the week of march 29 2019, I will be going over a few of my favorite markets and going over their charts with you all.
The dow 30 is the top 30 largest companies put together on 1 index. When trading it its called for spot forex or fx is US30. Trading US30 is a very fast mover with tight spreads for the most part and scalping on this is absoltly a good idea. this market is a very vaery fast mover and it respects many support and resisntance levels and many common patterns. The Dow had a huge dip and many thought and including myself that this is it what I been waiting for is a market crash but just a smaller correction in the overall trend. I can not wait till the market crashes, I will be shorting and buying when everything is cheap. The dow should be making a triple top and possibly busting through it resistance levels.
Oil, has been making a huge comeback in the last 3 months since its massive down ward move from the 70's dollar area. Trading oil and investing in oil comes with many good perks, you can get cashflow or dividends and also no swaps, well for my broker. Trading oil can give you a huge advatage for long term trading and short term. scalping oil can easily be don since it does have some really good moves, but during its slow times not the best to scalp.
Silver has been making a strong movement and currently at a support level where if it goes up it can head to the 16's or head lower which will be amazing if it goes cheaper. Investing in silver you can buy the physical, or the ETF or trade the spot or futures markets. My overal predction on silver long term is much much higher and will be making huge gains in the comming years.
Gold also is at a defining dollar amount, just like silver. gold is at this point where if it goes lower it will be head to 1200's and possiblly make a huge up move from that support level. Like silver you can invest into gold on different areas like ETFs, Physical, digital, spot markets and futures.
Crytpocurrency or crypto recently has been making a small comeback and if this continues they hype market will be back in the news on the daily like when bitcoin was at $19000 plus range. Litecoin is currently at the $60.00 range and is building support and will most likely build up the support and do a massive move upwards. overall I do prefer litecoin over all the other cryptos.
Now if you looking for tmaterial to read to increase your skill in investing / trading please check out these books
The Demographic Cliff: How to Survive and Prosper During the Great Deflation of 2014-2019
https://amzn.to/2FKbe6y
Check out my Social Medias Below
YouTube
FaceBook
Twitter
Pinterest
Ameba
Andre J McClendon
Facebook ~~~ Andre J McClendon
IG ~~~ AndreJMcClendon
Twitter ~~~ AndreJMcClendon
Youtube ~~~ AndreJMcClendon
Pinterest ~~~ AndreJMcClendon
Disclaimer:
I am only telling you what I am doing not encouraging or telling you what to do. You decide what to do with your own funds.
