S&P 500 Chart Hitting Strong Resistance Long Term Technical Analysis Patterns

October 25, 2011

The S&P 500 chart is starting to hit strong resistance. That’s the chart annotation I added to the daily S&P 500 chart on my public list yesterday. Today we saw price getting rejected. Apart from the technicals I keep seeing stocks like AAPL – Apple and now AMZN – Amazon getting killed after they announce […]

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Gold Miners Lower Prices Ahead – ANV Allied Nevada Gold Technical Analysis

October 21, 2011

More of the same for tonight. I’ve talked a lot about the bearish patterns developing in the gold and silver mining stocks. The only metric that counts is price. The miners were displaying red flags for months as the price of gold was making new highs but the miners didn’t print new highs. Only at […]

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Web 2.0 Summit 2011 Mary Meeker Video Presentation Mobile Internet Trends

October 19, 2011

Another post as I just watched Mary Meeker’s Web 2.0 Summit presentation. She talks about Internet trends and mobile growth. Impressive stuff. You can watch last year’s presentation if you missed Mary Meeker’s 2010 presentation on Mobile Internet Growth. She goes through the various slides at a rather quick pace. In order to get the […]

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EXK Endeavour Silver NYSE Breakaway Gap Down Chart Pattern

October 19, 2011

This is meant as a follow-up post to my GDX / GDXJ technical video analysis of the break-away gap patterns prevalent in most of the gold and silver mining stocks. Alan Farley coined the term ‘Hole in the wall pattern’. This gap pattern after a long rally has to be considered a break-away gap until proven […]

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Technical Analysis Video Gold Miners ETF GDX versus GDXJ Gap Down Damage

October 13, 2011

Quick video review of the technical situation within the gold mining sector as the S&P 500 is starting to slow down after the recent run-up. I did a GDX vs. GDXJ chart comparison and talk about what to look for prior to initiating new positions in gold mining stocks. Remember to select the highest resolution […]

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Recovery Rally Into Christmas?

October 12, 2011

Now this is one heck of a confusing market. Longs got trapped then shorts got trapped. Now nobody wants to commit to either side and the market is climbing a wall of worry and is simply moving up. Pretty much sums up what is happening right now. Still, that doesn’t make it easier to trade […]

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Ray Dalio Principles

October 10, 2011

A few gems taken from Ray Dalio’s Principles. Here’s the link to the ‘Principles’ Ray Dalio founder of Bridgewater Associates published: http://www.bwater.com/Uploads/FileManager/Principles/Bridgewater-Associates-Ray-Dalio-Principles.pdf I remained wary about being overconfident, and I figured out how to effectively deal with my not knowing. I dealt with my not knowing by either continuing to gather information until I reached […]

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Stocks Breaking Key Chart Support Levels

October 4, 2011

So much for averting a sell-off. Stocks are breaking key support levels across the board. Plenty of charts out there are simply broken. The market now looks like it is about to head for a heavy fall in prices. I’m not going to predict anything here. My job as a trader is to listen to […]

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Bulls Avert Market Selloff

September 28, 2011

The bulls have averted an impending market selloff. The technical situation was extremely dangerous and a breach of support would most likely have led to a meltdown type of situation. Now you could argue that it wasn’t actually the bulls who bought but instead the Fed that did its magic. Who cares. The markets are […]

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Francois Trahan Wealthtrack Video Interview

September 27, 2011

Excellent Wealthtrack video interview with Francois Trahan. Interesting stuff and well worth your time. As usual, Consuelo Mack does a great job. Enjoy. Topics covered: Uncertainty in the world Europe and the possible disintegration of the Euro Fed not effective anymore Gold’s best days might be over Economic recovery probably starting in the first half of 2012 […]

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