The community is delayed by three days for non registered users.

FNV outside the bb , LSG 64to 61

Posted by cmunny on 24th of Mar 2014 at 10:59 am

resting on 100 fib line way outside the BB today, trade back to 9dma coming.  LSG buy milli vanilli down to 61c gap

spy was very near 161 fib extn of 2009 lows last run up

Posted by cmunny on 24th of Mar 2014 at 09:08 am

Didn't look possible to get there a couple of years ago.  Dow seems to be lagging. TSLA may be done

FNV with strong support at the $45.52 area.  Little gap left to fill here undercuttin the past 2 days, which would flip bullish.  RSI 2 pegged for multiple days and options expiration today, which no doubt had a major part of the magic selloff, so a trade back to the 9 dma probably more likely before additional lows.  RGLD looks very bad losing the $70.50 area and 100 fib line just below, $62 to $56 tgt. Some Canuck issues maintain very bullish posture.  Also, banksters have put billions into the mining sector this quarter, so I'm sure they'd like to get a little return on that . http://canadianfinancing.com/mining/  

Goldgrams fully bearish now Feb 7 bar in play on all stocks

Posted by cmunny on 21st of Mar 2014 at 10:46 am

New trading range with fully downside bias in the mid term is resistance at the 3/19 bar and support on the 2/7  bar or nearby gaps.   Better issues might get back up to the 3/18 bar or underside of 100 fib line extension of this year's rally.

MSFT 15 yr highs 100 fib line breakout , tgt 49+

MSFT Update

Posted by cmunny on 21st of Mar 2014 at 01:18 am

This is a very significant breakout after a 20 yr. Rip Van Winkle nap.  Not only decadal highs, but a major fib extension line break.  Very good situation, $49 very likely.  CMG looks like a death run to the 423 fib line at $640.  Expect a drift out of the upwedge and much lower prices ahead for the overpriced burrito maven.  The 261 at $444 never consoidated

Yes, 3/12, looked like a

Silver, part deux

Posted by cmunny on 19th of Mar 2014 at 02:04 pm

Yes, 3/12, looked like a breakout didn't it?  But they left gaps underneath all of that pattern and filled them by smashing the fakeout, which is why I usually focus on buying gap fills... Today, looks like Fed has put a hold on action- there is nothing breaking out out and the intraday on the majors looks very mixed.  There is one more undercut and gap to fill on a lot of these stocks, but we're most of the way down on the range.  Gld has about $10 to $12 more on the downside to major support, but I would expect the miners to have bottomed before then. 

 ... that might be a

NUGT Ready to fill gap

Posted by cmunny on 19th of Mar 2014 at 12:25 pm

Cool ... that might be a little hasty, with ABX making new lows , some others look weak ... AUY looks good ... GG RGLD look  like rollovers ... nothing really breaking out to show relative strenght

Serious bid in this issue , look at that daily bar yesterday ... outperforming in this selloff ... buy chase here, buy milli vanilli at $2.24, another gap at $2.16

Great entry points here ... not a lot of relative strenth but a afew going green PZG RTO GPL

Gaps filling on GDX stocks easy reversal trade coming afew pennies from here ... update goldgrams should bounce down a buck or two , most gaps filled now 15 c stop on nugt right here

NOV - going to the well one time too many

Posted by cmunny on 17th of Mar 2014 at 12:56 pm

gap to close at 73.03 tgt 73.83, this intraday wedgemay pop here

Short INcy for gap fill and more

Posted by cmunny on 17th of Mar 2014 at 10:17 am

weaker bios look good for entry on futs pop

CELG and weak biotechs. Bear funds receiving volume

Posted by cmunny on 15th of Mar 2014 at 04:53 pm

CELG - was going to put this one on Thurs nite.  Nascent death cross coming, splatter to $123 projected by sym, fib of downtrend extension, and 261 line of the massive uprally.  Hit the 423 from the 2009 lows, massive move.  GILD, STRONGER but slicing multiyear trendline ... the 79 area it just sliced , good short area, likely lower short term. INCY, broadening top, no earnings.  Looks like great entry was Friday, still good with stop midpoint of Friday bar, real collapse potential there. ILMN racing down.   Note huge volume coming into Bear QQQ, Bear Biotech etc.

SPY intraday entry when RSI 2 long conditions exist

Perfect

Posted by cmunny on 13th of Mar 2014 at 01:30 pm

I assume RSI 2 system long conditions will kick in here today.   Just in watching the intraday action when those conditions exist, it would often work to jump in at such a point as we've just seen.  If RSI goes back above 10, you have a winning intraday trade, if not, you're probably close to the end of day entry point anyhoo.

Oil Service hitting gaps and support here for bounce

Posted by cmunny on 13th of Mar 2014 at 12:31 pm

NOV just filled gap at 74.81 , Atw Rig etc for a beyounce ... welcome on the charts, have to convince myself first ... now live trading on the NOV bounce

World War been 'bery 'bery good to me today.  This is the real deal, GDX taking out this fib line into the air pocket up to the 161.  Dogs of the GDX just getting going.

Large GDXJ issues joining the fray ... AUMN others, looks like we

KKd intraday wedg play

Posted by cmunny on 13th of Mar 2014 at 10:21 am

Newsletter

Subscribe to our email list for regular free market updates
as well as a chance to get coupons!