Posts Tagged ‘trading’
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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.
china, commodity, copper, finance, gold, investing, market summary, mining stocks, molybdenum, taseko, trading, undeveloped mines
In Stock Movers on June 9, 2009 at 11:56 pm
Base metals soared today as car sales in China are increasing at a rapid pace. Taseko, New Gold and General Moly are companies with huge deposits that have not been developed. TGB and NGD are producing now so they will have cash flow.
Inflation is kicking in and the long term prospects of these companies are excellent. I would buy GMO on any further weakness. Molybdenum is used in making steel stronger and withstand greater heat and pressure.
UXG about to breakout of symmetrical triangle near 52 week high. Notice how the volume is confirming price. Again its giving us another opportunity to get into this position with an incredible land position in Nevada and great opportunity in Mexico. This company has the top management in the business where the owner puts his money where his mouth is. Rob Mcewen owns a good percentage of this company.
UXG
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.
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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.
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In Market Analysis on June 4, 2009 at 11:51 pm
We wanted to show a 2 year chart on GDX gold miner etf. There is major resistance at the $45 dollar area which needs to be broken. In order to do that I would not be surprised of a short term correction to the $39 area. This is where I would wait so that the GDX comes off its overbought status and prepare for the next leg up.
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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 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
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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.
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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 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.
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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.
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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 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.