Posts Tagged ‘chart pattern’
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
Get a FREE 30-Day Trial of my Members-Only Premium Stock Analysis Service NOW!
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.
bear market rally, best penny stocks, chart pattern, commodity stocks, dollar bullish index, GDX Gold Miner Index, gold mining stocks, market summary, moving averages, support and resistance, technical analysis, trendlines
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.
best penny stocks, breakouts, chart pattern, energy exploration services, gold mining stocks, mining project financing, oil sand exploration, oil services, oil versus gold, penny stock picks, technical analysis, uranium mining stocks
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.
best penny stocks, breakouts, chart pattern, gold mining stocks, gold silver exploration, market summary, precious metals, silver exploration stocks, stock market, technical analysis, trades, trading
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.
best penny stocks, chart pattern, commodity, gold, gold mining, investing, market summary, mining stocks, stock, stock market, stocks, trades
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.
chart pattern, dow, finance, investing, market summary, penny stock picks, stock, stock market, stocks, technical analysis, trades, trading
In Market Analysis on June 8, 2009 at 8:53 am
Major resistance is being approached for the DOW. Notice the trendline and resistance where it failed three times in December of 08. Overhead resistance and lack of volume on the recent rally tells us to be careful and to be ready for a shorting opportunity. Stay Tuned! Make sure you have trailing stops set up.
best penny stocks, breakouts, chart pattern, finance, gold, gold mining, investing, morning stock pick, stock, stock market, stocks, technical analysis
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.
best penny stocks, breakouts, chart pattern, finance, gold, gold mining, investing, mining stocks, stock, stock market, stocks, trading
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.
breakouts, chart pattern, hot penny stocks, investing, morning stock pick, penny stock picks, stock, stock market, stocks, technical analysis, trades, trading
In Stock Movers on June 3, 2009 at 7:05 pm
I sometimes include on this blog for some of our followers some tradeable picks that are not mining stocks.
This pick is gaining popularity as a healthy cosmetic company with environmentally friendly products and excellent earnings growth and return on equity.
The company is Bare Escentuals (BARE).
BARE is about to break out of a bullish symmetrical triangle base after a breakout gap. Look for a breakout through 10.50.
best penny stocks, breakouts, chart pattern, dollar, gold management, gold mining, investing, mining stocks, morning stock pick, stocks, trades, trading
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.
best penny stocks, breakouts, chart pattern, gold, gold mining, mining stocks, molybdenum, stock, stock market, stocks, trades, trading
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.
best penny stocks, breakouts, chart pattern, gold, gold management, gold mining, good penny stocks, hot penny stocks, mining stocks, morning stock pick, stocks, trades
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.
breakouts, chart pattern, investing, market summary, mining stocks, nasdaq, stock, stock market, stocks, technical analysis, trades, trading
In Market Analysis on June 1, 2009 at 8:42 pm
Since the March low the Nasdaq rally has lacked volume and appeared to make a rising wedge. After a breakout to the downside on low volume the Nasdaq appeared to make a rectangle sideways pattern. This battle between buyers and sellers was resolved today to the upside. Today the Nasdaq broke out of resistance so buyers are in control where bad news is shrugged off and any good economic news sends stocks soaring. At the moment we need to stay long and continue looking for the best trading opportunities.