Tag Archives: GDXJ

Price Action…Risk On…Oil,Miners,Gold

Posted on 06/21/2011

There are many instruments showing bottoming chart patterns. Yesterday we spoke about the Oil Etf’s, today should have you looking to the Miners for value: GDXJ,NEM,PAAS,BHP,FCX,SLW all have similar patterns… A close today in AAPL above 320.30 is positive, further … Continue reading →

Risk OFF?

Posted on 04/25/2011

$111.10 Crude is the closing level to watch. A close below this level and we’ll liquidate the rest of our long DIG position. That goes for OXY as well. Silver..46.355 would not be an unexpected print today. A close below … Continue reading →

4/25/11

Posted on 04/25/2011

Let’s start where we left off.. April 15, 2011 9:46:16 AM CDT DIG…The real stop for this Etf is 55.40, however those that do not wish to risk that much can use 56.20 close. You should take 2/3 rds of … Continue reading →

OCO’s

Posted on 04/15/2011

DIG…The real stop for this Etf is 55.40, however those that do not wish to risk that much can use 56.20 close. You should take 2/3 rds of your profit between 59.15-35. As always keep adjusting your order sizes as … Continue reading →

A.M. Look 4/15/11

Posted on 04/15/2011

Yesterday we bought DIG,OXY, and GDXJ ( Junior Miners). Later today we will write some OCO orders ( One cancels the other) in these instruments. One side will be a stop the other a profit level. The big macro levels … Continue reading →

GDXJ…OXY…SPU/BONDS…CAD/JPY

Posted on 04/14/2011

I am liking today’s low in OXY and the Junior Miners for a trade. The stop is just below today’s low in both. I have not calculated a potential upside but at least I do have the stop for any … Continue reading →

GDXJ…Junior Miners..Gold…Silver

Posted on 03/11/2011

37.91…today’s high was 37.82…The chart pattern is negative. A close below 37.91 Friday and this puts in a weekly outside reversal downside chart pattern . The miners in general have been taking a beating the entire time the fear quotient … Continue reading →