8/21/2014 8:03:21 AM
Good morning Traders,
We are getting a little concerned about gold:
This is an indicator you will only find here. What it does is identify the point when option writers and option traders are at an extreme. This extreme creates an opportunity. And in our Gold Options Trader service, we have identified the most efficient options to trade gold here. Visit www.stockbarometer.com to learn more. This is similar to the recent set up we had in OIL which is up over 400% in less than a month.
Regarding stocks, as we wind down into options expiration Friday, the market should hang up here as it continues to wind down the overly fearful bottom from a couple weeks ago. At that point, we will review our research and look for divergences or confirmations, which will give us perspective on the potential downside.