Uranium Price Turnaround – Some Technical Analysis Thoughts

April 22, 2010

The title of the post is clearly derived from ‘predictive technical analysis’. What I have been preaching on my website is to stick to ‘reactive technical analysis’. Put another way, listen to the charts and wait for prices to confirm your assumptions as opposed to trading your opinions. That being said I am starting to […]

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US Dollar Short Term Bullish Ascending Triangle Pattern

April 21, 2010

While I am at it another quick post about a development I noticed going through my watch list tonight. Lots of gold bugs think the US Dollar is doomed, is hitting huge resistance and is about to top out. Technically speaking though the US Dollar chart is displaying short-term strength. The chart pattern at hand […]

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AVL.TO TSX Avalon Rare Metals Trading Below Moving Average 200

April 21, 2010

Avalon Rare Metals – AVL.TO a stock I still consider a leading stock in the REE Rare Earth realm has dipped below its 200 day moving average. The fact AVL.TO – Avalon Rare Metals gave back all the recent gains and is now trading below the price level the recent big white candle started at […]

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CYD China Yuchai Building An Ascending Triangle Near Its 52 Week High

April 20, 2010

Somehow the Shanghai Index is lagging and not conforming the strength of the American indices. It still needs to break out of its bullish flag. A notable exception is CYD – China Yuchai a stock that is trading very closely to its 52 week high. CYD is part of the China Automotive Sector and I […]

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The Importance Of Price Confirmation Before Entering A Trade

April 19, 2010

Tonight’s post is meant to be a reminder to pay attention to risk control and to avoid losing money. Only if both aspects are covered should one focus on making money. As a general rule being patient and waiting until price confirms a pattern or a thrusting move is validated by follow through, pays off. […]

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GS Goldman Sachs Triggers Healthy Market Pullback

April 16, 2010

It looks like the market indeed wants to take a breather here. We will also soon have to deal with the dreaded ‘Sell in May and go away’. It will be interesting to see how the market will handle that seasonal selling pressure. Still, this is highly unlikely to be the end of this bull […]

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ANO Anooraq Resources Down While Platinum Stocks Are Up

April 14, 2010

Pretty unimaginative title, still that’s basically the best description I can come up with to describe what happened today. I have been trading long enough to know it is imperative to respect warning signs. Today ANO – Anooraq Resources sent one of the most powerful warning signals you can possibly expect. SWC – Stillwater Mining […]

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Crude Oil Price Building Pressure For A Move Higher Towards 100 US Dollar

April 13, 2010

Spent the day watching the markets and doing some research on some new names that popped up lately. Not much happening. The only thing worth noting is the fact the market is able to move up higher almost every day due to the healthy sector rotation going on. The stuff I watch didn’t move up […]

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Markets Might Want To Take A Breather Here

April 12, 2010

The key word here is ‘might’. I am not in the business of calling tops or bottoms. Right now I would be cautious going long aggressively. Most stocks still do look very bullish though. As I’ve stated numerous times making predictions is an endeavor in futility. The market has literally killed all the bears that […]

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Edward Allen Toppel ‘Zen In The Markets’ – Zen Vision And IQ Test

April 8, 2010

Time for another book excerpt post. This one is from Edward Allen Toppel: ‘Zen in the Markets’, one of the first trading related books I ever bought. That’s the passage that made a lasting impression on me. Timeless wisdom. More or less stuff I write about on my website every day. As Dennis Gartman put […]

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