$PALL is the outright commodity in stockcharts and to short you
can therefore either short the commodity or even go for a couple of
Palladium stocks such as PAL & SWC.
I personally would short the metal directly incase of any
company specific news but your choice
May want to take a look at shorting SWC, it's the largest
platinum producer in the U.S, and also mines palladium.
Looking at the platinum chart in the newsletter last night,
this looks very similar, with the right shoulder half way formed
and starting to finish heading down, along with the RSI, MACD and
stochastics. Would like to see it get through the 20
MA and the 50 level on the RSI and stochastics just
below, to confirm a better chance to make it to the 50 MA or
lower. What do you think, Matt or Steve?
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$PALL is the outright commodity
Short Palladium
Posted by vimal on 16th of Dec 2010 at 08:58 am
$PALL is the outright commodity in stockcharts and to short you can therefore either short the commodity or even go for a couple of Palladium stocks such as PAL & SWC.
I personally would short the metal directly incase of any company specific news but your choice
Regards
You might want to short
Posted by duesy on 16th of Dec 2010 at 09:09 am
You might want to short PALL- it is the physical Palladium ETF.
SWC short?
Posted by curtis on 16th of Dec 2010 at 09:40 am
May want to take a look at shorting SWC, it's the largest platinum producer in the U.S, and also mines palladium. Looking at the platinum chart in the newsletter last night, this looks very similar, with the right shoulder half way formed and starting to finish heading down, along with the RSI, MACD and stochastics. Would like to see it get through the 20 MA and the 50 level on the RSI and stochastics just below, to confirm a better chance to make it to the 50 MA or lower. What do you think, Matt or Steve?