If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!The cup and handle breakout is a classic pattern which stock market traders search for constantly. A cup and handle pattern means that the stock has made a consolidation where many of the weaker holders sell their shares. Then as…
Read more
New Gold (NGD) Showing Great Relative Strength To Gold
After following and investing in the gold mining sector since 2000 I have tried to identify the major leaders in each run and greatest candidates for my capital. I am looking at great relative strength to the price of gold. This indicator shows me that this miner has great leverage to the price and even…
Read more
Transportation Average Falls Below 200 Day Moving Average, Confirms Bear Trend
On May 28th I wrote to subscribers to monitor the Dow Jones Transportation Average for failure at the 50 day or a break below the 200 day moving average. If any of these two signals occur then this will confirm we are changing trends and will be followed by a bear market where we could…
Read more
U.S. Gold Leading Junior Miners, Drilling New Areas
U.S. Gold (UXG) is one mining company where the CEO puts his money where his mouth is. Rob Mcewen believes UXG will be on the SP500 and his aggressive drilling in Mexico is proving to the investment community that he has a major mine there. Rob owns 21% of the shares much more than any…
Read more
Prepare For a Bear, European Debt Crisis Will Cause Another Wave Down
The failure to regain the 200 day moving average and the market breadth is very negative. Indicators remain very sold but the overall bearish breadth and the breakdown of many indices I use make me bearish. I am opening positions in short inverse etf's such as DXD and SDS to protect my equity positions. I…
Read more
- 1
- 2