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    ROST Short Trade Setup

    ROST daily April 1st ROST (Ross Stores Inc) will trigger a short entry on any move below today's earlier low of 103.30. Suggested stops using a 3:1 or better R/R to your preferred target (T1 - T3). click here to view the live, annotated daily chart of ROST

    Apr 1, 2015 11:00am|Categories: Completed Trades - Short|Tags: |Comments Off on ROST Short Trade Setup

    GDX/NUGT Bounce Target Hit

    GDX 15 minute April 1st The short-term bounce target for the GDX/NUGT trade (18.80 level on GDX) has been hit. Consider booking partial or full profits and/or placing a relatively tight trailing stop in order to protect profits while allowing for additional gains. Those trading GDX could allow for more liberal stops as [...]

    Apr 1, 2015 10:27am|Categories: Completed Trades - Long, Gold & Commodities|Tags: , |Comments Off on GDX/NUGT Bounce Target Hit

    Follow-up Comments to $AORD

    There are a few thoughts that I wanted to add to last night's post in which the case was made that Australian stocks are likely to experience a bear market in the coming months. The most important point that I want to impress is that just because the $AORD looks "poised" for a bear market [...]

    Apr 1, 2015 9:44am|Categories: Equity Market Analysis|Tags: |Comments Off on Follow-up Comments to $AORD

    Australian Stocks Poised For Bear Market In 2015

    This 13-year chart of the $AORD highlights the corrections (10%+ drops) that followed all minor divergent tops (dashed lines) & the bear markets (20%+ drops) that followed the major divergent tops. Although the QEternity believers might say it will be different this time around, the historical price action following such divergences as the one currently [...]

    Mar 31, 2015 8:49pm|Categories: Equity Market Analysis|Tags: |Comments Off on Australian Stocks Poised For Bear Market In 2015

    QQQ At Support, More Downside Expected

    QQQ 15 minute March 31st Timely exit on the QQQ bounce trade posted here yesterday at 106.64. Q's moved sideways & then lower and are currently trading at minor support. My expectation is for any reaction here to be relatively short-lived. Also note that the short-term sell signal via cross of the signal [...]

    Mar 31, 2015 4:15pm|Categories: Completed Trades - Short, Equity Market Analysis|Tags: , |Comments Off on QQQ At Support, More Downside Expected

    GLD At Support, Healthy Corrective Action So Far

    GLD 60 minute March 31st I often harp upon the fact that the miners are essentially akin to a leveraged trade on gold prices, meaning that if gold goes up or down X, the mining stocks are likely to go up 2, 3 or even 5X. I was just corresponding with a friend [...]

    Mar 31, 2015 3:46pm|Categories: Long-term Trades- Active|Tags: , |Comments Off on GLD At Support, Healthy Corrective Action So Far

    GDX Bullish Falling Wedge Pattern + Support

    GDX 15 minute March 31st GDX is now approaching the 18.30 horizontal support level, offering an objective add-on or new long entry. Dotted yellow lines show GDX falling to support within a bullish falling wedge pattern complete with positive divergences in place. Suggested stops would be calculated using a 3:1 R/R to one's [...]

    Mar 31, 2015 12:55pm|Categories: Gold & Commodities, Long-term Trades- Active|Tags: , |Comments Off on GDX Bullish Falling Wedge Pattern + Support
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