Jesse Livermore Advice – How To Trade In A Bull Market

July 2, 2009

This is a passage I’ve always wanted to publish… There is one sentence that has been haunting me ever since as it was the most intriguing I ever came across in a book about trading. It is a very simple one yet it represents the essence of what it takes to be successful in the […]

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UXG – US Gold Building A Double Bottom

June 30, 2009

One of the few gold mining stocks that were up today and also closed near the high of the day was UXG – US Gold. I see a successful test of the weekly MA 30 and a retest of the flag pattern after the recent breakout. The pattern looks like a W-Bottom. UXG benefited from […]

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Overhead Resistance Determines A Stock’s Performance

June 29, 2009

We have another winner: BXI.V – Bio Extraction. I have stated numerous times I am extremely bullish for that stock and I even went so far as to say this was the best looking chart on my entire public list. There is a reason why I did that. So tonight I’ll write a bit about […]

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Dennis Gartman’s Trading Rules List

June 28, 2009

Some food for thought for the weekend. Trading rules from great traders are always worth reading. If you spend some time to understand the concept behind each trading rule this will improve your trading skills and take you to the next level. 1. Never, under any circumstance add to a losing position…. ever! Nothing more […]

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Ventana Gold VEN(TSX) Technicals Bullish

June 26, 2009

Technically speaking the VEN.TO – Ventana Gold 60 minute chart is very bullish. From a purely technical perspective there is not much more you could ask for. The next drill results will determine the direction of the next move. There is no way to tell what those results will look like. I can’t look into […]

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West Timmins Mining WTM (TSX) – Monster Drill Results

June 24, 2009

Actions speak louder than words. Finally a chart I don’t need to comment on. The technical action speaks for itself. I’ve rarely seen these kind of drill results: WTM Intersects 83.40 Metres (273.55 feet) grading 12.75 g/t (0.37 oz/t) Gold on Thunder Creek Property, Timmins, Ontario. I am not a geologist and with these kind […]

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Underworld Resources – UW (TSX.V) Drill Results Trigger Sell-Off

June 23, 2009

So much for UW.V – Underworld Resources being one of my favourites. The market’s verdict is unambiguous. The expectations the stock had priced in were too high. Personally I don’t think the drill results were that bad but I am not going to argue with the markets. I see decent support in the 1.50- 1.60 […]

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Broad Selling Across The Board

June 22, 2009

Very ugly day in the market today. This is the time to closely monitor overall market conditions. There are not many positive things I noticed today. A few observations and a quick review of my portfolio positions: VEN.TO – Ventana Gold: The volume is ever decreasing. This still looks like a possible continuation pattern after […]

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USD$ Dollar Technicals Suggest Lower Prices Ahead

June 21, 2009

An important aspect in Technical Analysis is the concept of different elements pointing towards the same outcome. I often label price levels on my public list charts as confluence of support or resistance areas. The more different elements there are the higher the odds of a specific outcome. The USD$ daily chart I’ve updated this […]

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Stick With Underworld Resources – Avoid The Area Plays

June 18, 2009

Yesterday I added an annotation to UW.V – Underworld Resources on my public list. I stated it is one of my favourites. Today’s action confirms my assumption. Again odds are rather high this is going to be a huge winner. Strength is simply incredible. The stock was up almost 10% while most gold mining stocks […]

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