Tag Archives: Gold
A.M. Look 6/24/14
Stocks… AUQ…Aurico Gold is attempting an ORH month with a close over 4.35. As long as this holds breaks around $3.90-4 this has potential to make a run toward 6 on the longer time frames. ABX…18.13 is the 200 DMA … Continue reading
A.M. Look 6/23/14
Stocks… UNH…looks good on the weekly chart with an ORH week. JPM…remains firm over 57 close CELG…is a name that will be in play going into qtr end. A close over 175.17 is needed for an ORH qtr. MELI…Mercadolibre is … Continue reading
A.M. Look 6/20/14
Stocks… IBM…double topped at the 50 day & 50 week mvg avg the first 2 weeks of the month. This one needs some patience for a sign of a good low. It would be a better trade after month end … Continue reading
A.M. Look 6/18/14
Stocks… IWM…Russell @ 117.50 has a potential weekly double top. There will be resting buy stops above this level. Bonds 30 Yr. Bonds (M)…137.02-04 is near resistance and the upside pivot. FX… Euro…is trading oversold, which means it’s a sell … Continue reading
A.M. Look 6/16/14
There will be no published research tomorrow, Tuesday 6/17/14. Stocks… Nasd 100…(M) minimally needs price recovery over 3780 to retest the high. Price action below 3754 could lead to a deeper correction. DAX…last night’s low is matching up with the … Continue reading
A.M. Look 6/13/14
It’s Friday the 13th with Full Moon Fever. “Stand my ground, I won’t back down” (Tom Petty…Album… Full Moon Fever.) “I know what’s right and I won’t back down” The Bulls will have their work cut out for them “Hey … Continue reading
Euro & Gold
135.58 is today’s ORH # I wanted to buy the Gold against my Euro short to spread up the trade. Short Euro/Long Gold So far we are unable on our buy order. Since Euro is being sold on every spread … Continue reading
Gold…Trade Alert!
Buy GCQ August Gold @ 1266.
A.M. Look 6/11/14
Stocks… Spu’s…need new strength over 1954-56 for more upside. 1st support is 1931-34. FB…Needs new closing strength over 66.60 for another move higher. TWTR…34.55 is near support. On the daily chart this looks poised to test the 50 DMA @ … Continue reading
Equity Indices & Further Comments
All working orders should be canceled. EUR/JPY…stopping @ it’s 200 DMA “138.57” is staying further Euro weakness for now. Gold…elected the short term buy stops that have been building over 1250. Until I see price action and a close over … Continue reading