WLC.V Western Lithium Canada Weak Technicals – Massive Overhead Resistance Case Study

February 18, 2010

Interesting chart development with WLC.V – Western Lithium Canada. Technical damage is huge and the stock has built up massive overhead resistance. The reason I am stating we are witnessing an ‘interesting chart development’ is not meant to describe a buying opportunity. The exact opposite holds true. A perfect chart example for a case study. […]

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FPX.V First Point Minerals – Impressive Nickel Stock Chart + Nickel Sector Overview JJN, DM.TO, FRA.TO, ANF.V, NI.TO

February 18, 2010

Just finished updating my public list and updated quite a few sector overview charts. A few noteworthy changes and additions that I implemented over the last few days: Argentina Sector Overview – Added XRC.TO XRA – Exeter Resource Corp. and COP.TO – Coro Mining Semiconductors Sector Overview – Replaced KLAC – KLA Tencor with SIG […]

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Select Semiconductor Stocks Leading The Markets Higher – ARUN, APKT, KLIC, ISSI

February 16, 2010

It looks like some new leaders in the semiconductor space are emerging. Whenever semis lead or at least don’t lag, market moves should be considered healthy. The problem though is we are reaching a state I would label ‘maturing bull market’. There are great trading opportunities to be found but I would be extremely selective […]

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Using Technical Indicators vs Trading Based Purely On Price And Volume Charts

February 14, 2010

The focus of tonight’s posting will be on indicators. The debate among traders over advantages and disadvantages of using indicators will never cease. The purpose of this post is to offer you additional insight into my trading philosophy. The term trading philosophy is indeed the most appropriate one as there is no correct answer or […]

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Follow Technical And Psychological Rules When Selling Into A Bounce

February 12, 2010

As of yet my plan is still to unload or at least further reduce my MXI.V – Merrex Gold position if the stock can manage to bounce. I have written about how important it is for a stock to act as you would expect. This is the sign your analysis is correct and your timing […]

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Patience Is Key To Great Performance – React To Charts Do Not Predict

February 11, 2010

As I mentioned the importance of patience in yesterday’s post I thought I’d expand a bit more on that topic. A perfect example of how important it is to wait until the chart gives you a buy signal is BIM.TO – Baffinland Iron Mines. The chart is starting to build some serious pressure and the […]

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MMR Mcmoran Exploration – A Case Study In Technical Analysis And Patience

February 10, 2010

As much as I’d like to come up with great stuff on a daily basis the markets do not work that way. There are times where it is best to sit on your hands and simply watch how things develop. I’ve learned a lot of lessons the hard way. I guess every seasoned trader has […]

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TSL Trina Solar – Bear Flag Technical Price Targets

February 8, 2010

Markets are not bouncing. As of yet it looks like the preceding decline was not pronounced enough and sellers obviously are not exhausted. The hammer reversal candles that are all over the place have not been invalidated but the longer it takes for the markets to bounce the less likely we’ll eventually see a bounce […]

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Technical Analysis Euro Versus US Dollar Price Charts – Euro Currency Bounce After ABC Correction

February 7, 2010

My last post was about ‘hammers’ that were printed on Friday. It remains to be seen if a bounce can develop and how meaningful it will be. After doing some more research and viewing hundreds of charts I thought a more in depth analysis of currencies and their relationship would be appropriate. It is obvious […]

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AGQ Proshares Ultra Silver ETF – Bullish Reversal Hammer Candlestick Pattern

February 6, 2010

Today was reversal galore. Lots of stocks printed reversal candles. For those of you familiar with candlestick theory ‘Hammers’ were printed. The term hammer is used because of the underlying psychology of the chart pattern. Price is literally ‘hammering out’ a bottom and as support is tested and holds it leaves a candle with a […]

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