Posts Tagged ‘stock market’
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
Get a FREE 30-Day Trial of my Members-Only Premium Stock Analysis Service NOW!
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.
china, DJIA, dow, finance, gold, investing, market summary, money, stock market, technical analysis, trades, trading
In Market Analysis on June 10, 2009 at 8:17 pm
I posted a few days ago that DIA is approaching resistance at 9000 and this rise has been on light volume. Some people have said that is because of summer where trading decreases. However, there is a lot of money sitting on the sidelines. If it was a true beginning of a bull then it would appear in the volume.
Therefore, I have been skeptical of this rise and I am very skeptical of this market after three days of increasing selling. I expect a sell off.
This begs the question what about our stock positions in TGB, NGD, GMO, and UXG. We need to be aware of the overall U.S. Market, however there still is strength in emerging markets so I am not prepared to sell my positions in these companies. Stay tuned and I will notify if we have to take our trailing stops.
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.
best penny stocks, china, commodity, copper, finance, gold, market summary, mining stocks, molybdenum, stock market, stocks, trading
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.
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.
best penny stocks, commodity, dollar, finance, gold, gold mining, investing, mining stocks, stock, stock market, stocks, trades
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.
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.
copper, gold, gold mining, investing, mining stocks, stock, stock market, stocks, taseko, technical analysis, trades, trading
In Stock Movers on June 3, 2009 at 6:35 pm
A few days ago (please see my archived post from 5/31/09) we mentioned be careful of chasing the gold sector as it is quite overbought. We also mentioned to wait for a retracement to the 20 or 50 day moving average. This is what is happening a retracement to shake out weak holders. Our students and long term followers have been following Taseko for a few months. Today thestreet.com had a video on it. So the mainstream is now picking it up which concerns me as that means we will probably have a pullback.
http://cosmos.bcst.yahoo.com/up/player/popup/?rn=289004&cl=13794899&src=finance&ch=633473
gold, gold mining, market summary, mining stocks, penny stocks, stock, stock market, stocks, technical analysis, top penny stocks, trades, trading
In Market Analysis on June 3, 2009 at 8:45 am
Dollar is exremely oversold and will bounce. Mining stocks are overbought. Place trailing stop losses to lock in gains. Be careful not to take new positions if stock is overextended. Wait for a pullback to get into positions. We believe we will have second buypoints for our position as a shakeout of weak hands will take place now. We will inform when our stops are hit. We will not be giving out new positions until we find more opportune buying points.
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.
breakouts, gold, gold mining, investing, market summary, mining stocks, stock, stock market, stocks, technical analysis, trades, trading
In Market Analysis on June 1, 2009 at 10:11 pm
This appears to be an inverted head and shoulders pattern which means that a break to the upside is highly probable. Look for a breakout of the previous top with good volume.
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.
best penny stocks, hot penny stocks, investing, market summary, moly, molybdenum, penny stock picks, stock, stock market, stocks, trades, trading
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.
