Summer Doldrums And Looming Moving Average 50/200 Death Cross

June 29, 2010

We’re officially in the summer doldrums. The Shanghai Index weakness finally led to a Breakdown of the Shanghai Index dragging down the US indices and adding to the chart damage. Considering the continued selling pressure that shouldn’t have come as a surprise. The break down from the recent triangle pattern now suggests a price target […]

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S&P 500 Index Falling Back Into Trading Range – Market Continues To Be Choppy

June 24, 2010

Today’s weakness prompted me to sell my two pilot positions ARUN – Aruba Networks and BTN – Ballantyne Strong and to go back to cash. The S&P 500 has now fallen back into its recent trading range and the markets continue to display indecision and choppiness. Although the leading stocks still display healthy patterns I […]

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Jim Rogers Video On: Silver, Gold, Sugar, Agriculture, Oil, Euro, US Dollar And Currencies

June 23, 2010

Good idea to watch some Jim Rogers videos while the markets battle it out. Jim Rogers talks about the following commodities and currencies: Silver, Gold, Sugar, Agriculture, Oil, Euro, US Dollar, Platinum, Palladium, Currency Problems, US Debt and lots more. Enjoy. Get inside information from the president and you will probably lose half your money. […]

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Lots Of Potential Reversal Candles And Indecision

June 21, 2010

Haven’t got that much to say tonight. There’s nothing really worth mentioning as the market is still not giving clear signals to get aggressive and go crazy with position sizes. I see lots of indecision out there and traders watching for setups to develop with the leading stocks. Going through my public list I see […]

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Technical Analysis Thoughts On NYSE Listed GDX Market Vectors Gold Miners ETF

June 18, 2010

Today brought us another low volume up day with the big cap names in the precious metal sector. As I outlined yesterday, price is king and Silver broke out of the bullish flag chart formation. When volume doesn’t confirm price though, this raises a red flag. That’s when you want to closely monitor moves within […]

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Silver Price – Bullish Flag Formation

June 17, 2010

Silver is starting to break out of its bullish flag I drew into the daily chart. The precious metal stocks did well today but the big caps and the most important PM-related ETFs showed lackluster volume on today’s move to the upside. GG – Goldcorp, SIL – Silver ETF, SLV – Silver ETF, SLW – […]

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S&P 500 Index Regains MA 200 And Breaks Out Of Recent Trading Range

June 16, 2010

The S&P 500 Index right now is trading back above its moving average 200. To make things worse for bears the S&P 500 has now also broken out of its recent trading range. The reason why I put on two positions in order to test the markets is because the market started displaying an unwillingness […]

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Euro Currency Bullish Island Reversal Chart Pattern

June 15, 2010

A noteworthy observation after going through my public list is the recent upmove for the Euro. The two recent gaps have created a technical chart pattern which is called ‘Island Reversal’. A price target for the Euro currency that looks rather feasible would be the 1.30 level. The distance between the actual price and the […]

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ARUN And BTN Pilot Positions Testing The Market

June 14, 2010

The looks of today’s candle with the S&P 500 isn’t exactly compelling as it closed very close to the session’s low. The 1100 resistance got sold and the next 2 days should be telling. We either move back down and keep trading within the recent trading range or the market is able to stage a […]

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BTN Ballantyne Strong – Leading Stock Emerging In The Movie Industry Sector

June 11, 2010

Right now I am closely watching the strong stocks I like to label ‘Salmon Stocks’, due to their ability to move up even though the general market is struggling. This is typical behavior for future leaders. The important thing to keep in mind here is to especially watch for leadership during adverse market conditions. Consolidating […]

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