I am watching VIX too via the TVIX daily chart

Matt, is the UGA inverse H&S still in play? Tight doji today between 9 EMA and  20MA. MAs are bunching, but it has lost the 9 EMA. Thoughts?

The numbers look great Matt, thanks. When will they system be released or are you still tinkering? Would you send out email alerts to advise when positions need to rotate? 

Steve, YANG is the 3x inverse of the FTSE 50. Is there a better vehicle to short SSEC (with or without leverage )?

Does declining volume on the breakout concern you? I guess one good sign is that there isn't a crush of volume from sellers as price creeps upward.

Matt, Steve,

Is there any significance to a 13/34 cross on a 2-hr chart?

The URG trade idea prompted me to look over some other U charts. DNN looks to be poised to break out of a basing pattern...

DNN Weekly

DNN Daily

Shanghai daily chartshowing a H&S topping pattern forming too.

Shanghai daily chartshowing a H&S topping pattern forming too.

Elliotwav,

Can you repost the weekly chart using the link icon in the format bar? It is to the right of the undo/redo controls. Type a word or phrase like "weekly chart" and then highlight it and the link icon will un-gray. A dialog will pop up allowing you to paste a URL.

Thanks! 

NEM Daily- hard to believe this will play out, measured move is to 27.50 or so.

Thanks for the chart. Doesn't this look like a huge inverse h&s? MACD above zero and about to cross up? 

Kimble shows a chart that indicates gold may be breaking long term support. They call a $1300 handle is possible. Lots of "may" and "coulds" so who knows.

http://blog.kimblechartingsolutions.com/ 

Hard to believe this could really play out. The measured move would bring NEM down to about $27.50 or so.

NEM Daily

Sure looks like a bull flag at 1440-1448 on the hourly...

This is a copper play. Note 60, 89, 144 stochastics all crossing up from 20 level at the same time. Starting to display relative strength to copper (JJC). Needs to clear 50-period EMA a penny north to run to R1 and 150-period EMA at $2.90.

http://scharts.co/10flwQD 

Anyone else see the inverse H&S in the MDW daily chart? If it is valid, it looks like it is right at the neckline. It measures $0.30 or 28% - a bit higher than the current R2 pivot which would rise if MDW takes off.

As Matt has said a number of times, it's better to buy on support than a breakout but it does appear on the weekly like it can be bought here with a tight stop. But the daily needs to clear 22 on volume to breakout of its channel in a meaningful way.

Daily: http://stockcharts.com/h-sc/ui?s=CCJ&p=D&b=5&g=0&id=p79114544646&a=177783490

Weekly: http://stockcharts.com/h-sc/ui?s=CCJ&p=W&b=5&g=0&id=p22603742871&a=212225396 

Production is scheduled to start in 2014, according to a press release dated yesterday.

http://www.extorre.com/pdf/2012_news/Extorre_news_120530.pdf

http://stockcharts.com/h-sc/ui?s=EDZ&p=D&b=5&g=0&id=p43621125217&a=160020251

Measures to 27.40 or so.