TC (Thompson Creek Metals) took out the suggested stop of 1.31 back in early March & has been moved to the Completed Trades category. However, I'm keeping an eye on TC for a potential new long entry/long-term trade idea should this triple-bottom hold & the rare earths sector continue to show potential.
The Gold & Commodities category is a sub-section of Market Analysis that includes charts and commentary associated with precious & industrial metals such as gold, silver, and copper as well as various hard & soft commodities such as oil, gas, wheat, corn, etc…
-+*While my broad market calls have sucked wind lately, at least some of the other cylinders in my portfolio are firing thanks to my dollar sensitive assets (energy, commodities, precious metals). The charts below are the scenarios posted for UUP (US Dollar Index ETF) and [continue reading…]
-+*I received a price alert on AXU (Alexco Resource Group). This mining stock has taken out dual-resistance levels today; both the downtrend line as well as the horizontal resistance at 0.45 and looks to provide an objective long entry here. I do have my concerns [continue reading…]
-+*The recent sloppy price action in the broad markets has led to numerous whipsaw signals lately & although I still have some short exposure via QQQ & IWM, as stated last Thursday, I have not added & will not add to those positions until I [continue reading…]
-+*With the recent short on the energy sector and the addition of the JO (Coffee ETF) Long Trade Setup today, I wanted to reiterate my thoughts on the US Dollar as that will likely have an impact on both the success & timing of these [continue reading…]
-+*The previous trade on JO (Coffee ETF) was entered literally the day coffee bottomed on Nov 6th and closed out at the final target for a 64% gain less than 4 months later. JO will now be added as a new Long Setup with an [continue reading…]
-+*USO (Crude Oil ETF) is currently backtesting the wedge from below where a reversal is likely. Next downside target the 19.28-19.19 support zone.