Predefined Technical Alerts Say it All - Gold, Oil, Dollar, Stocks
Arthur Hill |
Chartists can get a good idea of market conditions just by looking at the predefined technical alerts page. Today's alerts are at the top and users can view past alerts by scrolling down the page. Today, we can see several major indices and sector ETFs hitting multi-year highs, which indicates a long-term uptrend for the stock market overall. In addition, the Euro hit a 2-year low, the Dollar Index hit a four year high and gold hit a 4-year low. Note that oil hit a 2-year low on Wednesday, These are the major trends at work in the market right now.
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About the author:Arthur Hill, CMT, is a Senior Technical Analyst at StockCharts.com.
He has written articles for numerous financial publications including Barrons and Stocks & Commodities magazine.
Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed technician.
In addition to his CMT designation, Arthur holds an MBA from the Cass Business School at City University in London.