Another Useless Gold Golden Cross Signal

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First published here: Another Useless Gold Golden Cross Signal

Global Markets Show Little Reaction To Moody's Surprise China Sovereign Debt Downgrade

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(Kitco News) - World stock markets were narrowly mixed in overnight trading. U.S. stock indexes are pointed toward near-steady openings when the New York day session begins.

In overnight news, Moody's credit rating service lowered its sovereign credit rating for China for the first time in about 30 years, citing China's rising debt and slowing rate of economic growth.

Gold prices are modestly weaker again in pre-U.S. trading Wednesday, amid a lack of fresh, bullish fundamental news

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First published here: Global Markets Show Little Reaction To Moody's Surprise China Sovereign Debt Downgrade

This Pattern Got Us Two Fast Triple-Digit Gains

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My bedtime routine is simple.

After enjoying the evening teaching youth group, watching a show or two with my lovely and talented wife, or catching up on some reading, it's time to hit the hay.

But, remember, I love to trade, so no evening is complete without a last look at the trading. Right before I run upstairs and tuck in for the night, I stop by my computer screens and make a quick run-through of the markets.

Nothing too sophisticated.

I check the S&P 500 overnight trading. Then I look at the markets in Japan and China to see what's happening there.

Lastly, I'll run through a few commodities like gold, silver, and oil to see how they're trading in the overnight markets.

But, as it happens, on the night of May 4, at the end of my scans, I saw that something odd and extremely profitable (to the tune of 117% and 132%) had happened.

Something I'm always looking for to make us money.

Now I want to show you what, because it really drives home the tremendous profits possible when you're reading charts and looking for market extremes...

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About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free. Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors.

Disclaimer: © 2017 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201.

The post This Pattern Got Us Two Fast Triple-Digit Gains appeared first on Money Morning - We Make Investing Profitable.



First published here: This Pattern Got Us Two Fast Triple-Digit Gains
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