Archive for category: Public

June 23, 2014    When you look at various movements in Nature, it is amazing (and educational) to see how things move. Fibonacci still intrigues me to no end and the Ebb and Flow of liquids can be powerful and yet graceful  at the same time.  Its the same with the Stockmarket when certain areas surge forward. Sometimes what looks like Big Splashes can be just Ripples in the Pool , one of many repeating waves of movement.

While I had planned on writing about Gold/Silver stocks, I want to address the recent movement in the Miners , since I received a couple of private emails with people concerned that the move is only’ short covering’ and just too steep. It appears to be unsustainable and will it crash soon?  So readers wonder ‘Should I enter?’  ‘Will it pullback?’ and so on.   I’m not sure if anyone knows those answers, but  I ALWAYS look to the markets to find clues.   Lets start with SILVER/SLV.  First thing we see is…The DREADED GAPS! Wait to buy the gap fill?

 

 

Is it possible that the GAP wont fill now?  It is…

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JUNE 13 –  Update

If you had a chance to read my last 2 reports discussing Gold/Miners , then you know I was expecting a low almost immediately and possibly even what we call an ICL  (A Very Meaningful Low that produces a Nice invest-able rally).  Almost EVERY newsletter I read insisted that we remember that due to Golds “Seasonality” and that “Gold always bottoms in the Summer”, we should   ‘go short’ or wait.    ‘$Gold $1000.00  ‘ was and still is everywhere.   As someone who likes to be a contrarian, I posted this chart to show that anything is possible  ( Notice that $HUI Bottomed 2 yrs in a row in MAY)  and  I mentioned that I was seeing a bottom closing in rapidly.  Many Miners were forming Lows using various indicators that I use and Bases were forming also.  My last report advised that I was getting  ready for a rally, and you may want to think twice about shorting.

 

MINERS bottomed in MAY 2 yrs in a row-

 

 

Immediately after posting my report , we saw a rather striking Rally in Miners, especially Juniors.  Some say its “Only short covering”, is it?  Will it pullback soon?  Should I go short, or just buy a pullback? Was THIS the Train leaving the station & did I miss it??  Lets review…

 

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June 9,2014   …  Continuation of the earlier report  The reason that I want to mention possible long set ups (Even though I expect a dip in the major indexes)  is that    1. Some do not like to short the markets , and they’ve been very difficult to short anyways.      2. if the Markets do correct, these set ups can be checked during the correction for possible strength – IF they just go sideways or pull back mildly AND  the Markets just put in  a normal correction, they may become buy candidates . I also expect MANY MORE set ups will develop as overextended rallies in individual equities correct.  I will cover those in the future.      At this point, please note Biotech…

 

BIOTECH – The “report” is written on the charts  (May pull back with the markets, though it did already Correct strongly) I would expect it to return to the break out around the 50sma

 

 

After that HUGE correction…Some Biotechs are recovering

 

 

So Are there others  setting up bases & breaking upwards too ??

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MAY 30  

  I’ve been watching the Precious Metals sector again. As a short term Trader , it may be possible to trade here and there, but with the recent sideways moves and triangle formation, longer term Investors waiting for a TREND have likely been forced to learn patience.  Like our little trooper in training above, self discipline will gain the bigger reward in the long run for most.  The TREND.

This weekend, I hope to do less writing & More charts , so lets see whats new !!!

Does EVERYBODY that you know say that  they cant wait for GOLDS seasonal Summer Lows? A “TEST” of last summers lows? I’ve heard it A LOT, And the C.O.T. levels this Tuesday would seem to imply the same, but I still want to look at ALL possibilities. Here are a couple of charts to start us off…

 

 

However, Lets just imagine what would happen if this occurred

 

 

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MAY 23   $NATGAS

 

  I am looking at $NATGAS after its extremely bullish run up January & February.   Last week a friend of mine POLY  of The Financial Tap.com mentioned it as a possible short candidate a week ago, but I saw things a little differently . I was looking at $NATGAS close up & shared this chart,showing possible support & MACD divergence . Notice also, however, the 50sma overhead “Could” act as  possible resistance. I was obviously thinking it could be a “Long”.

 

I’ve said this many times…you cant argue with the markets, you must change with them if what you think you are seeing changes. Well POLY may have been early & correct in what he was seeing. Another friend of mine, Steve Chapman of The Refined Investor also noted NATGAS as a possible short  , so I re-visited the charts and low & behold I noticed that NATGAS was rejected at the 50sma  & the RSI 50% also turned down. (See the chart below, click to enlarge) .

 

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