Tag Archives: Gold
A.M. Look 3/15/11
Night Owl Trading. The Spu got the stops under unchanged on the year ( where it closed Dec 31/2010) This is significant for all those buy side private wealth managers whose mantra is to just buy and average forever. They … Continue reading
GDXJ…Junior Miners..Gold…Silver
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
A.M. Look 3/3/11
Stock Bears…The 1319-21 level will be an important resistance level today. Sustained price action above and we’ll continue higher. It will still be a day of having an eye on the oil action and we would expect the inverse correlation … Continue reading
A.M. Look 3/1/11
Bernake testimony will be the key news driver today. The Euro is still holding the resistance on the chart pattern and we would like to see the Dollar close higher today across the board. Again, there is no need to … Continue reading
Euro…Gold
I want to use any strength the rest of the day to sell Euro for an intermediate term trade. We’ll use a stop over today’s highs as our risk parameter. We will have a short position going home today. We still have … Continue reading
Currencies…Gold
The Euro just put in a double top on the Point & Figure charts @ 138.58 Dr. Nenner’s Tgt is 139.20 USD/CAD is creeping to the 97 tgt of Dr. Nenner ( app 103.09 (H) futures. 102.98 futures is the … Continue reading
A.M. Look 2/25/11
1314-16 in the Spu matching 43800 (H) Copper is the first Fib match area. Today’s trade will once again be dictated by the oil. As evidenced yesterday, the big macro levels are the only low risk places to play in … Continue reading
Gold
I am a little early on this and yes! I have no stones!!! We are selling a small position in the Gold with a stop over today’s high in April. We are using a 1420 stop intra day. Looking at … Continue reading
Gold…Long term stock holds
Sell the rest of your Gold and Silver at the market. We’re presently being taken out of our longer term strategic holds in individual stocks today via our resting trailing stops.