As per requested by @stock51 in the trading room, this video is part 1 of 2 videos on the 40 stocks in my Cannabis watchlist, covering the first 20 stocks with key technical levels. Bottom line is that there is a mixed bag of technicals in the cannabis stocks right now; some bullish setups & [...]
I'm planning to take my first position in GDX in a while as it approaches this support zone, scaling in from just above the top of the zone down to the bottom with stops somewhat below. As the circles on the RSI readings below 30 indicate, going long GDX when oversold on the 120-minute time [...]
ERI (Eldorado HoldCo LLC) hit T1 for a 6% gain today. T2 remains the final target at this time with the potential for a 3rd target around the 13.40 area depending on how the casino & resort sector trades going forward. Previous & updated daily charts:
The following notes & charts outline the entry criterion, price targets, suggested stop & beta-adjustment for a swing trade in QCOM, Qualcomm Inc.
Global equity markets are rallying in a 'risk-on' trade while safe haven assets such as treasury bonds & gold are being sold as a result of the French elections & lessened probability of a Frexit. Here's a snapshot of the risk-on & risk-off assets: Gold, U.S. Treasury Bonds & a few the major US stock [...]
A couple of points to address on the agricultural commodities. Regarding the recent official trades in the ag commodity sector, both NIB & WEAT have exceeded their max. suggested stops & will be moved to the Completed Trades categories. WEAT (Wheat ETN) was recent added back as an new long swing trade after the previous [...]
With the markets still slogging around in a sideways-to-downward trend and with all major indices other than the Nasdaq 100 still well off their March 1st highs & most likely in the early stages of a much deeper correction, I just wanted to reiterate that the divergences in market internals will most likely manifest in [...]