If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!The S&P 500 remains above the 20 and 50 day moving average. The S&P has moved sideways making a base after breaking out to the downside of a rising wedge pattern. This rally has been on low volume. So this…
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New Gold (NGD) Great Buy
This is a great point to buy New Gold. They have just combined with Western Goldfields. They will produce enough gold to be able to fund their development project in British Columbia called New Afton. This project has close to a billion pounds of copper. When buying a gold company making sure you have the…
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Taseko is Up on Higher Volume
The volume is good on Taseko above average today to qualify as a breakout. Let's hope it closes at the high of the day as more investors pile in and recognize the breakout.
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Morning Stock Pick General Moly (GMO)
Genereal Moly has one of the largest undeveloped molybdenum mines in North America. Moly is necessary for high strength steel which is used in many industrial applications such as oil drilling and nuclear reactors. Demand is growing again as the economy is bottoming out in China and in other emerging markets. A breakout through $2…
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Taseko (TGB)
It is crucial to look for a follow through on yesterday's huge volume rise. Today will give many investors another chance to get in before the next leg up.
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Retirement Crisis
"Our nation's system of retirement security is imperiled, headed for a serious train wreck. That wreck is not merely waiting to happen; we are running on a dangerous track that is leading directly to a serious crash that will disable major parts of our retirement system." -- John Bogle, Feb. 24, 2009 Many people we…
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Watch for Higher Interest Rates
This chart is showing the short long term treasury ETF. What TBT is showing is that higher long term interest rates and risk of inflation is here. Look at the breakout on May 7th and the beautiful retest at the 20 day moving average to give a secondary buypoint. Interest rates will be rising and…
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Taseko Breakout
Yesterday I gave a signal that Taseko would breakout of the symmetrical triangle formation. Today it did on huge volume. I believe this will be a quite profitable trade at this point.
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Market Summary May 26th 2009
The Nasdaq remains above its moving averages despite have light volume to support it. It is concerning because Nasdaq and Dow Jones appears to making a descending triangle pattern after a rising wedge formation. A break on volume at this point would cause the indexes to retest the March low. It would be nice to…
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Treasuries are dropping
Investors are nervous of the government sales of treasuries which is causing the late afternoon selloff. The oversupply of treasuries and Fed's balance sheet is a concern we should all have. How long can the government be bailing out and spending like there is no tomorrow?
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