Posts Tagged ‘trades’
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
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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.
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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 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.
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.
china, commodity, dollar, finance, gold, gold mining, investing, market summary, mining stocks, stocks, trades, trading
In Market Analysis on June 8, 2009 at 8:36 am
China is buying gold like crazy!
http://www.chinamining.org/News/2009-06-08/1244423563d25443.html
china, commodity, copper, finance, gold, gold mining, investing, market summary, stocks, technical analysis, trades, trading
In Market Analysis on June 7, 2009 at 8:40 pm
Notice the thick blue line and how FXI (25 largest and most liquid China Stocks) crosses that trendline on the point and figure chart. This shows us the strength of the most leading emerging market and how this market had impacted this rally for the past three months since the March bottom.
It is clear that China is buying up natural resources and stimulating their economy. The real estate market and construction industries in China are heating up. They are building power plants, mines and roads.
There are a few signs that there might be a slight short term pullback the next few weeks from the non confirmation in relative strength and low volume. However, this is the time to get into companies that the Chinese need which have huge amounts of natural resources.
The secret is out China is on the search for precious metals and natural resources. These next couple of days will give second chances to get into companies that have those assets.
We know what the Chinese need and are able tom make huge gains in finding the companies that have the greatest leverage to these necessities.
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.
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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, 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, 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.
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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.
bond, china, copper, dollar, gold, gold mining, investing, market summary, mining stocks, stock, stocks, trades
In Market Analysis on May 31, 2009 at 9:54 pm
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 rise has been on the back of other factors such as a seriously declining dollar, a bear market in treasuries and a major rally in the emerging markets.
If you remember when the stock market crashed last year everyone was running into treasuries and the dollar. Now the opposite is the case people are running out of treasuries and cash. The stock markets have rallied and companies with real commodity assets are soaring. It seems as though the opinion that a deflation will precede inflation has been confirmed.
The dollar was hit hard on Friday leading to a huge rally in gold mining stocks and basic materials. 
As you can see the rally is impressive, however it is extended. Investors need to be cautious in chasing after this sector.
Last week I showed the chart of TBT which is the short etf fund and I mentioned not to get to excited and wait for a pullback. That pullback has come and from the high volume sell off it seems as though the pull back could take longer as it is extremely overbought. I would wait until it approaches the 50 day moving average before taking new positions.
The rally in China is strong and hope has come back that the worst is over which has caused a major upturn in commodity industrial stocks. As you can see the I Shares Hong Kong is much more impressive than the US indices. Other emerging markets such as Brazil and India are also outperforming.
That’s it for this week.
bond, dollar, gold, government bailout, investing, market summary, mining stocks, stock, stocks, top penny stocks, trades, trading
In Market Analysis on May 28, 2009 at 8:57 am
“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 come across tell me they are invested in the market with a financial adviser and they don’t even look at what they are invested in are how they are invested. They place their hard earned money in load mutual funds where they pay huge fees in ignorant bliss.
So many have lost their retirement or as Madoff has shown these so called advisors are emperors with no clothes. Buy and hold investors have been destroyed or in some cases duped.
In this blog we highlight specific companies that are breaking out using technical analysis. Technical analysis gives one of the tools to know which direction the market is going. We look at price and volume. We also look at key fundamentals of a company that has the ability to grow. Staying on the right side of the trend and managing risk is crucial to make good returns and have a retirement.
Finding small companies that are about to grow exponentially gives one the opportunity to make huge gains. Please follow along as we recommend low priced companies that are about to explode higher. I’m sure you won’t regret it. We do our research, we take chances, and we admit when a trade or stock has went against us and we preserve capital. Straight talk…no double talk from other so called financial experts.
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In Stock Movers on May 27, 2009 at 6:34 pm
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.
descending triangle, DJIA, investing, market summary, nasdaq, short, shorting, shorts, stock, stocks, trades, trading
In Market Analysis on May 27, 2009 at 6:09 pm
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 see some volume on a break down to 82.25 on the DJIA Diamonds and 32.75 on the Nasdaq to confirm the descending triangle. The lack of volume on this run up from March is quite concerning.