I started easing back out of vacation mode yesterday and spent some time combing through the charts, particularly gold & many individual mining stocks. With $GOLD now within a hair of my preferred target (primary uptrend line) just in time for the new year, this looks like an objective time to begin scaling into to gold and select mining stocks as long-term trades with stops commensurate with one’s preferred target level(s). I’ve added several additional gold & silver miners to the Live Chart Links page, […continue reading]
The “Long-term Trades- Completed” category lists trade ideas from the Long-term Trades category that have hit one or more of their price targets. Many trade ideas will list multiple targets as some traders might choose to hold some or all of the position for an additional target(s) after the initial target is hit. Therefore, many trade ideas on this site will often appear in both the “Active” and “Completed” categories simultaneously. Trades are removed from the Active Trades category either upon hitting the final target or if stopped out before then. Once removed from the Long-term Trades- Active category, these trades and all associated posts will be archived indefinitely in the Long-Term Trades- Completed category for future reference.
FRO (Frontline Ltd ADR) has hit the final target (T2 at 3.90) for a 72.6% gain. Consider booking full profits as this trade will now be considered completed and possibly added back later as a new long setup on a break above the 4.00 area, assuming the stock consolidates below that level before breaking out. FRO was categorized as a Long-Term Trade Idea, which are trade or investment ideas that have the potential for significant returns over a longer-term period, typically several months or more. […continue reading]
The JO (iPath DJ UBS Coffee ETF) has hit the final target (T2 @ 22.92) for a 10.7% gain. Consider booking full profits and/or raising stops for those who plan to hold as a long-term trade. The previous & updated 60 minute charts as well as the weekly charts of $COFFEE (spot coffee prices) below illustrate how using multiple time-frames can be used successfully to “catch a falling knife” as this trade was entered less than 2% from the bottom of a vicious bear market […continue reading]
Several new charts have been added to the Live Chart Links page including several new global stock indices as well as some gold & silver mining stocks which appear to be setting up in potentially bullish chart formations. Most of these charts are marked with basic trendlines and horizontal support & resistance levels with prices targets as well as additional annotations to be added in the coming days & weeks as well as some additional trade ideas in the mining sector. As I’m still leaning […continue reading]
With $GOLD nearing the downside target on my preferred scenario posted just over two months ago (the nearly 14 year long-term uptrend line & 61.8% Fibonacci retracement from the Sept 2011 peak), both GLD & GDX are among the more promising long-term trade ideas for 2014. Although my preferred scenario has a prices in GLD & GDX moving slightly lower, volume patterns on GDX are highly indicative of a selling climax and the miners could bottom at anytime now. As such, a scale in approach […continue reading]
The day before Thanksgiving, an update was made to the NLY (Annaly Capital Mgmt Inc) Growth & Income Trade. As the stock was poised to likely print a second consecutive weekly close below the 10.50ish weekly support (the initial suggested stop criteria), I wanted to highlight some potentially bullish developments on the charts before I left town for the holiday for those who might want to give their position a little more room. Since then, the stock did go on to break above the highlighted […continue reading]
ANH (Anworth Mortgage Asset Corp) is another mREIT setting up as both a typical short-term swing trade idea (based off the 60 minute time frame) as well as a longer-term, Growth & Income Trade Idea. As with the AGNC setup posted yesterday (which went on to trigger an entry shortly after the post and continues to move higher today) ANH can be taken either on any intraday break above the bullish falling wedge pattern or on a daily close above, for longer-term traders who might […continue reading]