We missed some good trades on Palladium stocks this week, but
may be just beginning. While browsing thru some longer term futures
charts earlier this am, noticed that Palladium had broken out of a
really nice 6-7 month horizontal channel earlier this week for a
nice little move. But on looking at a weekly see that we're at the
top of a perfectly formed ascending triangle going back till Feb.
of last year. Guess it could BO from here, or may need just a
little more back filling.
The 2 major domestic stocks in that category are PAL and SWC -
Look at moves this week. PAL went from nice rounded bottom from .35
to .55 and SWC broke out 2 days ago for nice move. PAL pulled back
some yesterday, but looking at a lower high on Pallidium than where
we are now back in Jan., PAL went to almost a dollar, so we may
want to watch both of these, especially if we get a little pullback
in the futures mkt. I'm thinking that I may go ahead and initiate a
small position in PAL now.
The community is delayed by three days for non registered users.
Sellers are relentless
Posted by racerick on 7th of Apr 2014 at 01:59 pm
Not even a decent attempt at a bounce
MEOH
Posted by racerick on 1st of Apr 2014 at 05:06 pm
Was out this am but bought on pullback around lunch. Smooth trading stock.
Matt or Steve
Posted by racerick on 28th of Mar 2014 at 11:05 am
Steve and Matt
Posted by racerick on 25th of Mar 2014 at 04:07 pm
SGY doing well so far
Posted by racerick on 25th of Mar 2014 at 09:56 am
Trading WUBA this am makes trading Natgas seem tame
Posted by racerick on 25th of Mar 2014 at 09:56 am
I use TOS for futures
What is the MOST reliable site that anyone uses for Futures THX?
Posted by racerick on 23rd of Mar 2014 at 07:54 pm
Q's would have been a heck of a short on the open
Posted by racerick on 21st of Mar 2014 at 10:09 am
CELG
Posted by racerick on 21st of Mar 2014 at 10:02 am
Market Returns by Season
Posted by racerick on 20th of Mar 2014 at 07:11 pm
Interesting, didn't realize Spring so good for market
All the commodities getting slammed here once Europe opened.
Posted by racerick on 20th of Mar 2014 at 05:32 am
Oil, Natgas, silver, gold, heck everything. Hopefully will fare well for DBA short today.
XGTI
XGTI from the newsletter
Posted by racerick on 18th of Mar 2014 at 10:10 am
Still holding 1/2
Getting close to resistance on Yen chart
Posted by racerick on 14th of Mar 2014 at 11:53 am
chart link
Thx for this updated chart with comments Steve
SPX 15
Posted by racerick on 14th of Mar 2014 at 11:47 am
And sold within pennies of top, so far. Will see what happens now
NTCT taking it on the chin today
Posted by racerick on 14th of Mar 2014 at 11:30 am
Gold
Posted by racerick on 7th of Mar 2014 at 08:36 am
Palladium
Posted by racerick on 7th of Mar 2014 at 07:57 am
We missed some good trades on Palladium stocks this week, but may be just beginning. While browsing thru some longer term futures charts earlier this am, noticed that Palladium had broken out of a really nice 6-7 month horizontal channel earlier this week for a nice little move. But on looking at a weekly see that we're at the top of a perfectly formed ascending triangle going back till Feb. of last year. Guess it could BO from here, or may need just a little more back filling.
The 2 major domestic stocks in that category are PAL and SWC - Look at moves this week. PAL went from nice rounded bottom from .35 to .55 and SWC broke out 2 days ago for nice move. PAL pulled back some yesterday, but looking at a lower high on Pallidium than where we are now back in Jan., PAL went to almost a dollar, so we may want to watch both of these, especially if we get a little pullback in the futures mkt. I'm thinking that I may go ahead and initiate a small position in PAL now.
What are your thoughts?
JO
Posted by racerick on 4th of Mar 2014 at 11:39 am
ANF
Posted by racerick on 4th of Mar 2014 at 08:51 am
XON - WOW
Posted by racerick on 25th of Feb 2014 at 03:29 pm
Couldn't find any news so sold at the 50ma on the daily - way too soon, but that's ok. They report day after tomorrow.