Stock Market Bounce or Rally - Chris Vermeulen #5405

Summary: It looks like the market is turning around—is the stock market experiencing a bounce, or is this the beginning of a new rally? I sit down and chat with Chris Vermeulen to discuss recent trends in the markets, which are currently experiencing a knee-jerk reaction. Most stocks are down dramatically; gold and silver getting slammed last week, but oil is still in a strong up-trend with more room for growth. Tune in for more on what’s happening in the markets. Highlights: -There is a huge selloff in the SP500 -Right now, it’s a knee-jerk reaction bounce, and the resistance area needs to be overcome -Buying the dip is not always the safest plan, and the markets are showing signs of fatigue -Most stocks are down dramatically -Rising rates are good for value stocks -Gold and silver also got slammed last week; gold had a great defensive play, but then hit a threshold -Vermeulen thinks that gold and silver are eventually going to run to the upside -Oil is in a strong up-trend; there is great demand for oil -Bonds and yields will most likely reverse a bit Useful Links: Financial Survival Network Technical Traders Ltd.