Daily Archives: 06/05/2012

GDX Gold Miners ETF

Posted on 06/05/2012

Many of you are or have been actively trading the Miners via the GDX. Technical resistance begins at 47.70-48.50. The move up from the low has been prodigious. Use mid-week strength into this zone to tighten up your risk parameters

IBM

Posted on 06/05/2012

189.15 is the 200 day Mvg Avg in IBM. Watch for general market tone. Those looking for a Risk On mid-week rally should look to the usual suspects for direction and opportunity. Oil names and related ETF’s should provide the … Continue reading →

A.M. Look 6/5/12

Posted on 06/05/2012

OIL, Euro, Aussie & Spu’s all rallied to their upside pivots last night and failed. General Comments… We’ve gone from one end of the spectrum..rallying into resistance ( another rally to nowhere) through the Asian session right back to near … Continue reading →