Tag Archives: Miners
Writing Schedule…Near Term View
I have a serious case of Traders Stare. This is a function of too much time in front of a screen and not enough time thinking about other things. “Head up Butt syndrome”…We all get it sooner of later. You … Continue reading
Midday Missive
NEM…put in a terrific low today on a very long time frame chart. We’ll look to buy it tomorrow or on a small pullback against today’s low which is also a double bottom on a monthly chart. BHP…has broken out … Continue reading
A.M. look 7/1/13
Stocks.. Spu’s…are stuck. A new signal will be generated if we close over 1615 or under 1590. GDX… 25.17-44 is first daily resistance. GDXJ…38.48 is resistance followed by 40. No you’re not seeing things! This closed at 9.16 on Friday. … Continue reading
Gold…The Answer is yes!
Everybody keeps asking me the same question. Yes! I am watching it. Today some Wall street firms put out a buy on the Miners and Gold. That was 40 dollars higher and yes I’m looking for a Short Term blow … Continue reading
A.M. Look 6/27/13
Stocks.. Spu’s…resistance starts around 1619 with the mid to high 20’s possible over the next 2 days on an overshoot.. Bonds… 30 Yr….has been holding the breaks. Look for full point moves. 136.00 +- a few is first resistance. 134.00 … Continue reading
Midday Missive
Euro…Weekly and Fib resistance comes in @ 131.10-15. I know everyone wants to be short the Euro, however it’s still the wrong way on every major currency cross and will remain so going into Month end. Timing will be better … Continue reading
A.M.Look 5/21/13
AUD/USD….98.35-40 is resistance and the upside pivot. Buy stops for this swing are 98.80. Those short the Aussie should use a break above the aforementioned level as your trailing stop. GDX…28.75-29.20 is resistance. This is the field of broken dreams … Continue reading
A.M.Look 5/1/13
Oil…92.05 shows a double bottom on the bar chart with stops below.91.72-82 is moving avg & Point & Figure support. 91.16-35 is the first place to look for a bounce. USD/JPY…97.00-05 is the next to watch for market tone. “103.05 … Continue reading