Our trading partner Chris Vermeulen gives us his take on trading the post election markets.......
Over the past two months shares of gold (GLD) and Apple (AAPL) have had a sizable bite taken out of their share price. Active traders along with the longer term investors have had a wild ride this fall watching these investments slide to multi month lows. The big question is when will gold and apple shares bounce?
Here we are again with another election behind us and Barack Obama in the White House again. Many think this means four years of the same thing… Printing, Inflation and higher stock prices.
Is this good or bad for Americans or the world for that matter? I doubt it, but who really knows and who cares because there is nothing anyone can do about it now. So buckle up your seat belt and focus on trading and investing with major trend both within the United States and abroad using exchange traded funds.
Currently the broad stock market and commodities are in a full blown bull market so the focus should be to buy the dips until proven wrong. Here are some charts showing the important breakout levels for Apple, metals, oil and key indexes like the Russell 2000.....Check out "Post-Election Trading Made Simple"
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