Closely Monitoring The Strength Of The Coming Bounce

May 25, 2010

Simply watching the market. The main thing to watch will be the strength of the bounce that looks imminent. Lots of sector like Steel and Coal e.g. have build topping patterns and there is a lot of uncertainty regarding Europe, Thailand, Korea and the BP – British Petroleum oil spill to name but a few. […]

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Tide Has Turned – Cyclical Bull Market Most Likely Over

May 21, 2010

We got our bounce from extremely oversold levels. Still, volume on the upside as opposed to the one encountered on the downside is not convincing. Most of the traders and websites I follow are starting to shift their focus on selling rallies. There’s still an opportunity for the markets to prove most market participants wrong […]

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GDXJ Junior Gold Mining Stocks – Potential False Break Out Trap

May 20, 2010

Gold Miners are now seriously underperforming the price of gold. The potentially dangerous divergence I pointed out in my Gold – HUI Gold Bugs Price Divergence post is slowly starting to be a matter of great concern. Going through my public list I decided to update the annotations of the GDXJ – Market Vectors Junior […]

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Dow Jones Industrial Gold Ratio – Technical Analysis Suggests The Trend Is Accelerating

May 19, 2010

Technical damage is increasing, at the same time the S&P 500 chart is hitting the Moving Average 200 which should provide support. Some charts look like they are trading at or near inflection points. Selling pressure with the Euro and Crude Oil eased a bit today. Something to keep an eye on. Good time to […]

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Time To Be Very Selective – Best Looking Sectors: Gold, Silver, LEDs, Movie Industry

May 18, 2010

Lots of charts I went through tonight look very vulnerable at this point in time. I am seeing lots of stocks that are starting to roll over. At the slightest hint of bad news these stocks could literally get killed. Great time to get rid of some charts on my public list where technicals have […]

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Shanghai Index Displaying Continued Selling Pressure

May 17, 2010

Can’t find anything really compelling out there. The markets need more time to set up for another move. For now, I see two things pointing towards different outcomes. Continued selling pressure and confirmed downmove with the Shanghai Index Potential reversal candles with the US Dollar and the Euro The Shanghai Index displayed early signs of […]

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Great Traders Offer No Excuses

May 13, 2010

This is one of the trading quotes I frequently make use of at the end of my posts: ‘Great traders offer no excuses.’ Today Charles Kirk published an excellent post that shares the same core belief of the aforementioned quote. The key passage of his article ‘Focus on what matters’ is the following: I have […]

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How Overhead Resistance Impacts A Stock's Price Performance

May 12, 2010

A quick follow up on my post comparing SWC – Stillwater Mining and ANO – Anooraq Resources where I compared the implication of overhead resistance on price performance. Today SWC was up 6% while ANO couldn’t move up. Both trade in the same sector, therefore it is indeed comparing apples with apples. From a technical […]

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Gold Price Trading At All Time Highs – Displaying True Bull Market Characteristics

May 12, 2010

Gold is now trading at all time highs. That’s very bullish technical action. We have a confirmed ‘true bull market’. I am using the term true bull market as opposed to ‘cyclical bull market’ which is a counter trend within the primary trend of a bear market. Gold is the only market out there printing […]

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Comparison Of Two Stock Charts Exemplifying The Market's Mixed Signals

May 10, 2010

Lots of traders being mostly in cash and staying on the sidelines. I think that’s indeed the prudent thing to do right now. Although the market bounced today there is a lot of indecision. Lots of charts have put in bullish reversal candlestick patterns. Overall the picture is mixed though. Some stocks look like they […]

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