Which Way Does The Market Want To Go?

David Frost // Market Outlook


October 6  

Today we finally got the long awaited pull back in the US Dollar.  This is nothing other than the beginning of a corrective retreat rather than the top in old Dixie.

The stock market was relatively quiet, looking for direction all day, but not really able to find one.

Gold finally stages a rally off of the over night session where is was down at $1183 per ounce.  That’s lower than many people ever thought gold would go.  News flash, it’s ultimately going lower, but must correct the over sold condition first.

Oil also staged a bounce mainly as a result of the dollar pulling back.  Lower prices remain for crude oil also.

The remainder of the commentary can be found in the video below.

About the Author

Trading and investing in markets is second nature to some, but a mystery to others. The goal is to provide a forum where everyday people aspiring to be part time or full time traders will learn how view markets differently and profit beyond their wildest dreams.

David Frost