HAVE YOU SEEN THESE CRAZY SMALL CAPS
AUG 25, 2014 Oh, I'm sorry, those are crazy small cats in the picture, but have you seen some of the CRAZY SMALL CAPS? Rather explosive moves have been occurring in many small caps like LEJU, JRJC, HGSH, DGLY, KNDI, MOBI, DANG, after experiencing rather steep sell offs. As mentioned in my last report, I have been very busy this August, so while I did catch a couple of these baby rocket-ships early on due to their "Set ups" (Leju & JRJC) ...I also have been forced to sell way too soon. JRJC was sold at $8 for example, and They are still running nicely. They have left me behind after I sold them. The point that I am making here, however, is that certain 'set ups' after a steep sell off can indicate a possible explosive move is coming and those were just a few examples. IF THERE ARE MORE currently setting up that have not exploded upwards yet...there may be opportunity for more Low Risk Entries prior to a nice POP (I cant re-enter the above mentioned unless they pullback).
First lets review a few things in various Markets...
When the markets sell off, you hear all kinds of warnings, but it has been buying opportunities as the selling became overdone.
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When the markets sell off, you hear all kinds of warnings, but it has been buying opportunities as the selling became overdone.
Read MoreFaster Turtles?
AUG 13, 2014 History and rumor has it that in summer month of AUGUST the Markets are as slow as a Turtle ! Believing this to be true, I signed up to do some charity work that will take up much of my spare time during this month. I figured that during this 'low volume, Slow summer month", when Congress leaves Washington and Fund Managers all go on vacation, I too could take a break & would keep busy with other pursuits and post occasionally when things present themselves. SURPRISE!! We have faster Turtles this Aug. The Markets seem pretty active, with a correction as July Ended, so lets just look at a few things.
IWM ( & RUT) had warning signs of a double top
Lately this has been a buying opportunity , as the "Buy The Dips, Sell The Rips" mantra has proven effective. What about now? How do the Nasdaq and the $SPX currently look ?
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Lately this has been a buying opportunity , as the "Buy The Dips, Sell The Rips" mantra has proven effective. What about now? How do the Nasdaq and the $SPX currently look ?
Read MoreJust A Short Review
AUG 5 12 Eastern time - I just wanted to quickly review my expectations. Things look normal in the Metals and Miners at first glance, but are they really just Normal? Or are there other things to consider? I'll show you what I expect short term, but I am also seeing something else in the bigger picture. To the charts!
GLD looks like a normal re-trace & Gap fill.
As mentioned in Yesterdays report - With the descending wedge and oversold conditions, I would expect a break higher soon.
What about Silver? It looks like its selling off harder than Gold today, so Lets look at a few more charts ...
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As mentioned in Yesterdays report - With the descending wedge and oversold conditions, I would expect a break higher soon.
What about Silver? It looks like its selling off harder than Gold today, so Lets look at a few more charts ...
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