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VHI Update- Setup Still Intact

Despite the continued selloff that took prices well below the 6.50 weekly support level, the VHI (Valhi Inc) trade idea is still alive and well for now. Although the stock has yet to take out the intersecting downtrend lines on the 2-hour time frame, the fact that VHI has hammered off the bottom of the [...]

May 21, 2014 4:01pm|Categories: Completed Trades - Long|Tags: |Comments Off on VHI Update- Setup Still Intact

$OEX Timing Window Approaching, $NDX Golden Cross Pending

In last month's post titled It's About Time, the similarities in duration between the three bull markets over the last couple of decades were highlighted. In this updated chart of the $OEX (S&P 100 Index) below, I've added the exact duration of each bull market from bottom to top (using assumption that the current bull market did not end with last Tuesday's peak). The first bull market, which happened to follow a deer market instead of a bear market, lasted [...]

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May 21, 2014 2:20pm|Categories: Equity Market Analysis|Tags: , , |Comments Off on $OEX Timing Window Approaching, $NDX Golden Cross Pending

TJX First Price Target Hit

The TJX (TJX Companies Inc) active short trade has hit the first profit target, T1 at 54.70, today. Consider booking partial or full profits and/or lowering stops, depending on your trading plan.  Click here to view the live chart of TJX TJX first target hit May 20th

May 20, 2014 1:06pm|Categories: Completed Trades - Short|Tags: |Comments Off on TJX First Price Target Hit

ODP Profit Target Hit

The ODP (Office Depot Inc) short trade hit T1, which was the sole profit target, for a 12.4% gain on April 16th. Typically I try to post asap when an active trade reaches a profit target but in updating the trade ideas today, I realized that the final update had not been sent out on [...]

May 20, 2014 12:45pm|Categories: Completed Trades - Short|Tags: |Comments Off on ODP Profit Target Hit

VHI (Valhi Inc.) Long Entry & Setup

VHI (Valhi Inc.) will be added as both an Active Long Trade and a Long Trade Setup. As VHI is a thinly traded stock with virtually no trading activity in the after-hours trading session, the entry on VHI will be dependent on where the stock trades following the opening bell tomorrow morning. The most objective entry levels for aggressive traders trying to catch this falling knife while still solidly entrenched in a downtrend would be anywhere above [...]

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May 19, 2014 5:13pm|Categories: Completed Trades - Long|Tags: |Comments Off on VHI (Valhi Inc.) Long Entry & Setup

Gold & Gold Mining Sector Overview (Video)

The following securities are covered in this order: $GOLD (spot gold prices), GLD, KGC, AU, GFI, AKG, HMY, NEM & TRX.

May 16, 2014 12:15pm|Categories: Gold & Commodities|Tags: , , , , , , , , |Comments Off on Gold & Gold Mining Sector Overview (Video)

Correction in Treasury Bonds Likely

Long-dated treasury bond yields (10-30 year) have been in a downtrend that kicked off on the first trading day of 2014. Based on my interpretation of the charts below, that trend has likely run its course, at least in the near-term as the odds for a correction (bond prices down/rates up) are quite elevated at [...]

May 15, 2014 1:55pm|Categories: Fixed Income (Bonds)|Tags: , , |Comments Off on Correction in Treasury Bonds Likely
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