Some Thoughts On Using Stop Losses

May 8, 2010

It goes without saying I am not exactly happy with the development the KIV.V – Kivalliq Energy chart took. Then again, that’s what stops are for. When I originally bought KIV.V and put in my stop loss, it was at a price level I deemed should never have been breached. Put another way, price breaching […]

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Incredible Panic Washout – US Dollar And Gold With Very Strong Price Moves

May 6, 2010

So much for my ‘neutral, slightly bearish’ bias a few days ago. Today’s incredible washout was nothing short of spectacular. I opted for the term ‘washout’ in the title of the post because lots of stocks recouped most of their intraday losses and recovered very well. So, again we have a situation where lots of […]

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FBT First Trust Amex Biotechnology ETF Island Reversal Signaling Potential Top

May 5, 2010

The market continues to send mixed signals. There is no way to know if this pullback is worth buying or if we will see continued selling pressure. I am starting to see lots of potentially bullish hammers. The key point to remember with ‘Hammers’ though, a candlestick with a long tail and preferably a small […]

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Market Personality Is Changing – Neutral, Slightly Bearish Bias For S&P 500

May 4, 2010

Ugly candles are all over the place. Going through my public list I see the market’s personalty with today’s price action has probably changed. My last S&P 500 chart annotation states I have a neutral bias. I now think a neutral, slightly bearish bias is more appropriate. It remains to be seen if the pullbacks […]

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GMO General Moly (AMEX) – Molybdenum Stock With Bullish Price Action

May 3, 2010

Another quick post as I know quite a few hold GMO – General Moly in their portfolios. Today’s price action is bullish. The stock has finally closed above the significant 4.00US$ resistance line. I recently stated in my chart annotations I was starting to seriously dislike the chart’s personality. In hindsight it now sure looks […]

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MMR McMoRan Exploration First Signs Of Bottoming Despite BP's Burning Drill Rig

May 3, 2010

Burning drill rig videos and pictures are all over the place. Of course I am referring to BP’s deep drilling catastrophic accident off the coast of Louisiana in the Gulf of Mexico. The environmental damage is said to rival or even exceed the damage of the Exxon Valdez catastrophe. Of course this is a deep […]

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Shanghai Index Is Lagging – Price Divergence With S&P 500

April 29, 2010

The most noteworthy observation going through my public list is the fact the Shanghai Index as of yet cannot break out of its bullish flag pattern. China is perceived to be the new leader and economic motor of the world. Others disagree. We simply stick to the charts. If a former leader doesn’t lead anymore […]

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PKL.TO PC Gold TSX – Consolidation Pattern Analysis

April 27, 2010

Some of you might have noticed it is the third time I have changed the way I drew in the consolidation pattern with PKL.TO – PC Gold. I originally labeled it a ‘Bullish Flag Pattern’, then I changed it to ‘Ascending Triangle Pattern’. Right now I am inclined to see a flag type pattern. In […]

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KIV.V Kivalliq Energy And BSK.V Blue Sky Uranium Show Early Signs Of Bullish Wedges

April 26, 2010

We still need more time and price confirmation in order to speak of a Uranium Price Turnaround. As of yet this is nothing I would bet the farm on, but I am willing to put on a position with the one stock I consider the best bet in the Uranium sector. That’s what I did […]

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SIL Global X Silver Miner ETF – Exchange Traded Fund Starts Trading On NYSE

April 24, 2010

Global X Funds recently launched SIL – Silver Miner Exchange Traded Fund along with COPX – Copper Miner ETF. SIL is a great trading vehicle for those who want to avoid or reduce single stock risk exposure. If you want to build a rather big position in Silver mining stocks but don’t know which stocks […]

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