No GOM Signal to Trade today . . . but according to our Chart-3 from last night, we are getting weakness exactly at the predicted Resistance. This will cause QQQQ to hit the minimum GOM Target . . . but due to overall weakness and not a reliable GOM. Members, it may be time to put my medium-term Plans into action . . . including my Plan on GoLD. Good Luck All !!!
Before Market Opens (BMO) Trading Commentary . . .
* Asian markets finished Mixed today: Japan=-0.25%, Hong Kong=+1.17%, and China=+1.72%. (China's last trade = Sep-30th) * European markets are Down so far today: France=-0.76%, Germany=-0.80%, and England=-0.06%. * U.S. stock futures are Down some right now due to profit taking overnight as it consolidates some of the August-October rally. See U.S. Stock Index futures prices down the left-side of our Home page and clicking on the "quotes and charts" link for the latest prices. (click link below)
Overnight . . . * QQQQ/SPY are currently Trading at 49.01 / 114.37 . . . * Subscribers, see the Members Tab and use the Charts and Commentary I post each night and weekend for Support / Resistance / Target details. (click link below) * the S&P-500 futures Range-Bounds have been Sideways: between approximately 1134 - 1144 ... use these Bounds as possible Targets for Trading today. * The US-Dollar is Sideways to 78.56 now. The Euro is Down to 1.3700 now. See forex prices down the left-side of our Home page. (click link below) * Gold is Sideways to 1317 now. Members, please refer to my Gold Chart and Commentary on how to Trade this precious metal. (click link below) Gold broke through Resistance at $1260 and is still Holding it to signal a primary advance to $1360. Reversal below $1240 would warn of a correction to primary Support at $1160. * Copper is Up to 3.675 now. Copper prices and their Trend represent economic health around the World.