Posts Tagged ‘best penny stocks’
200 day moving average strategy, bear market charts, bear market etf, bear market rally 2010, best penny stocks, chart pattern, djta dow jones transportation average, failure to hold 200 day, investing in inverse etf's, moving averages strategy, profit during bear market, shorting in a bear market
In Market Analysis on June 8, 2010 at 8:40 am
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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 have a major retracement of 2009′s impressive rally.
The Dow Jones Transportation Average failed at the 20 day and yesterday broke the 200 day with strong downside volume. The bears are in charge and I hope all subscribers are in defensive mode with inverse etf’s and gold and silver stocks.
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In Market Analysis on June 12, 2009 at 11:22 am
As we can clearly see that the dollar is having a bear rally. The moving averages and the trendline is acting as resistance. The dollar opened up today and is testing the 20 day moving average which is the short term “magnet” for the stock.
The GDX has come back right where I thought it would come back to which was the previous resistance that is now its support. Please see my archived analysis of GDX. This teaches us not to chase after any positions as there will be second chances which is now.
Looking at the individual commodity stocks, it seems as though they are ready for another move. Last night I sent out a free bulletin of two recommendations that have the possibility to make huge gains.
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In Market Analysis on June 11, 2009 at 7:46 pm
The spread of the price of gold to oil is extreme and there seems to be some interesting opportunities in the energy exploration and energy services area. Recently a lot of money has been flowing into both of these areas and the trends are changing. Projects that would not work at $40 a barrel would certainly proceed at $80. I would want to find companies that offer leverage to the price of oil. In one area there have recently been major mergers. Some of the smaller players have the opportunity to be taken over at huge premiums.
One area that is still quite undervalued and out of the headlines is uranium. Uranium powers 16% of the world’s energy supply and there are many nuclear power plants being built across the world and many more filing applications. Power plant projects are costly. There is bipartisan support in the US for nuclear plants due to reduction of carbon emissions.
I have great opportunities in both areas. Stay tuned to my free newsletter to hear of these two opportunities.
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In Stock Movers on June 11, 2009 at 2:13 pm
Today U.S. Gold (UXG) came out with exceptional drilling results. As I announced last week before there meeting in New York, that I believed that important news will come out. Their El Gallo project is quite impressive as they are observing increasing mineralization and they are continuing to explore the property they acquired from Nevada Pacific. They don’t even know how big that project can become.
They are also bringing out another drill in Nevada where they started actively drilling at the end of May. They are exploring the outer edges of the Tonkin project to see if there are similar mineralizations as the huge Barrick project.
Rob Mcewen is on a mission to build a huge company, which he has done before.
As the chart shows we are breaking out here and I do believe this trade has an opportunity to make huge gains.
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In Market Analysis on June 9, 2009 at 7:17 pm
On a previous update I mentioned not to get too excited by buying the miners when they are overextended. Look for strength as the mining index will come back to support which was previous resistance at 37.50. Notice the upward sloping trendline that will act as support as well. Coincidentally it appears as the 20 day on the weekly chart is very close to this trendline.
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In Market Analysis on June 9, 2009 at 8:10 am
Thompson Creek came out with a news item today which states that it will increase production of molybdenum due to the improved market conditions. This is what we saw here a few months ago in the charts of Thompson Creek and General Moly. We believe that this is an opportune time to get into commodities as prices have not fully reflected market conditions. We will be issuing recommendations shortly on a few more trades. Stay tuned.
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In Stock Movers on June 8, 2009 at 3:51 pm
NGD came to its 20 day moving average and is closing at the high of the day reversing from being down most of the day shaking out weak hands. Buy at 2.65.
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In Stock Movers on June 6, 2009 at 10:24 pm
Notice the break through the trendlines which is confirmed on our point and figure chart.
Everything looks OK at the moment. Be prepared for a breakout of this bull flag pattern as NGD approaches its 20 day moving average.
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In Stock Movers on June 4, 2009 at 6:04 pm
BARE did not trigger a buy as we had the buy point at 10.51…maybe it will hit that tomorrow.
TGB was up but it does have resistance at the $2 area which it will take some time to breakthrough.
NGD was unchanged and is now building a “handle.”
UXG was up around 6% and closed at the high of the day. Look for a breakout through $2.75.
GMO was up 10% today on good volume exactly how we saw it would play out.
We are long these four positions TGB,NGD,UXG and GMO.
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In Market Analysis on June 4, 2009 at 10:25 am
How hypocritical! Bernanke came out yesterday requesting Congress to curb budget deficits after increasing the money supply exponentially. Use this time period to look for additional opportunities to get into the best commodity opportunities. NGD, TGB, GMO and UXG are great low priced positions that will move higher in an inflationary environment.
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In Stock Movers on June 2, 2009 at 11:23 pm
We posted a morning stock pick at 2.49. The stock was up over 10% with volume three times normal. Breaking through 2.75 will be impressive and lead to huge gains. It seems institutions are looking at exploration companies. The major companies may need to aquire smaller juniors with interesting exploration activity as their profit margins are being squeezed. U.S. Gold has quite an impressive land position and drill results may lead to more institutions buying shares. Tomorrow they are having a conference in New York City. It will be interesting to see what news they will release soon.
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In Market Analysis, Stock Movers on June 2, 2009 at 9:57 pm
Let’s review our picks so far.
1)
TGB (Taseko)
Bought at 1.60
Now it is 1.91
19% Gain Recommended on 5/26/09
2)
NGD (New Gold)
Bought at 2.50
Now it is 3.04
22% Gain Recommended on 5/28/09
3)
GMO (General Moly)
Bought at 2.00
Now it is 2.68
34% Gain Recommended on 5/28/09
5 trading days goldstocktrades subscribers made 25% on there money.
We are still long on these positions but we keep trailing stops and we will post as soon as those sell signals are triggered. Please keep checking in.
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In Stock Movers on June 2, 2009 at 8:10 am
U.S. Gold has one of the largest mineral land positions in Nevada and they have just shown quite impressive results in Mexico. They are owned by Rob Mcewen who built Goldcorp. Rob has success in building gold companies and rewarding his shareholders. Rob has decided to invest his own money in exploration as a way to leverage your investment in gold. UXG is an exploration company which means that if they make a discovery an investor may make huge gains. Their land position in Nevada is located right next to some of the biggest mines in America in one of the most friendliest mining states. The drill results in Mexico that they reported are great and may be a major discovery.
I would buy here as UXG broke out of a symmetrical triangle pattern on above average volume. They have a conference coming up on Wednesday and I would not be surprised if an announcement may be made that would break this stock through $2.75 to $7.
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In Stock Movers on June 1, 2009 at 6:06 pm
General Moly had a major follow through today closing near the high on huge volume. If you were following since last Wednesday you would have a nice profit. I believe this company could run to at least 4.25. It seems as though institutions are piling into this stock. China is importing molybdenum as their demand is increasing significantly and the markets worst case scenarios are in the rearview mirror.
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In Stock Movers on June 1, 2009 at 12:10 am
Last week we gave a morning update to anticipate a breakout at $2. On Friday the stock catapulted through 2 to reach2.13 up 12% at more than 4 times normal volume. What a breakout.
We are extremely bullish on molybdenum. This element is used in so many industries and applications from refineries to nuclear reactors. The main industrial use is strengthening steel which is crucial as many emerging markets are investing in infrastructure.
This company General Moly has a huge project called Mt. Hope which is one of the largest undeveloped moly mines in the world. GMO was beaten down due to the credit crisis and the financing situation. However, it has gotten my interest and I believe it is showing us that it is getting a lot of interest from institutions as well.
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In Stock Movers on May 31, 2009 at 10:37 pm
Last week we wrote on the blog about New Gold and the opportunity the chart was presenting to us. We put a buy point at $2.50. On Friday it closed at $3.10 which was a 24% gain for our followers. This was a breakaway gap as it broke out of a base on more than three times normal volume. Breakaway gaps usually do not fill. As the mining sector is overbought there might be opportunities to buy NGD at a cheaper price if there is some overall weakness. Otherwise this is a classic breakaway gap which usually preceded major moves to the upside. So to all our students who got in when we posted are in a great postion.
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In Stock Movers on May 28, 2009 at 2:51 pm
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 management to grow and finance a company is crucial. They have the top minds in the field behind this company. Buying here at 2.50 is a great point to get in.
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In Stock Movers on May 28, 2009 at 1:38 pm
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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In Stock Movers on May 28, 2009 at 9:35 am
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 on volume will catapult this stock to $5. Arcelor mittal put a lot of money into this company and I wouldn’t be surprised if they got a takeover bid at this level from Thompson Creek Metals.
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In Stock Movers on May 28, 2009 at 9:27 am
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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In Stock Movers on May 27, 2009 at 11:49 am
Taseko is breaking out on good volume through the symmetrical triangle formation…good volume!
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In Market Analysis on May 26, 2009 at 11:19 pm
Taseko is on the verge of a major breakout. Great project…there is a little opposition to the Prosperity mine but that is minimal to the economic benefits to the region. This is a great managed company. Notice it closed on higher volume then the previous day even though it was below average volume. Look for volume through 1.60.
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In Market Analysis on May 26, 2009 at 6:05 pm
The Dow was up and regained to stay above the 20 day moving average even though volume remains quite light. It does look that the market is rounding and price volume action is poor. Be careful. 
Look at GLD. Gold closed near the high of the day after opening up lower. Price volume action is good as it approaches all time highs. Look for GLD to pull back to 20 day before breaking out into new high territory.
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In Market Analysis on May 26, 2009 at 3:07 pm
We are broke…dollar has fallen significantly as well as long term treasuries. Look at the chart of the TLT versus GLD. I believe this trend will continue and now with a lower price of oil and labor select mining stocks will make nice returns.
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In Stock Movers on May 26, 2009 at 12:09 pm
New Gold is an intermediate gold producer with great projects. They just aquired Western Goldfields. They have the cash flow to grow and develop new projects such as the New Afton project in British Columbia. Their management is the best in the business. Some of the directors ran Newmont and Goldcorp. They know how to finance gold companies and have a history of success for their shareholders.
Look for a breakout.
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In Market Analysis on May 26, 2009 at 9:23 am
Symmetrical Triangle
The copper chart above shows a potential breakout which could lead copper significantly higher. The dollar’s chart as well as the long term treasury chart is extremely bearish this is due to two major reasons the excessive debt the USA is getting itself into and the fear that it will not pay back its debts. Also the copper chart is showing that the global economy is improving which is also bearish for cash as institutions want to invest that cash. There is a huge amount of cash on the sidelines about to be put into key stocks that will protect against inflation. Taseko (TGB) already has a great copper mine that will only be more profitable as copper rises and they are at the ground floor of the major Prosperity project in British Columbia which is one of Canada’s leading undeveloped gold-copper mines. This is a great way to be leveraged to the price of gold and copper.
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In Stock Movers on May 26, 2009 at 1:40 am
- Symmetrical Triangle Formation…Look out for breakout on volume! MACD about to cross. Great Story with prosperity permitting coming out soon.
Cheaper oil and labor costs coupled with the massive money supply will give a chance to make huge gains on certain mining stocks. The secret is out China is buying gold and are nervous with the US paying back its debt. Select mining stocks will give investors the opportunity to make huge gains and protect themselves of the folly that is going on in Washington.