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    January 2017
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    NVDA Trade Entry & Setup

    Member @dazi requested an update on NVDA. Last week, in this post (NVDA Setting Up for a Potential Trend Reversal), the case for a top & significant trend reversal in NVIDIA was made. Here's a quick review of the longer-term outlook as well as some of the recent developments on the intraday (60-minute) time frame: [...]

    Jan 5, 2017 11:59am|Categories: Active Trades - Short, Short Setups|Tags: |1 Comment

    ATVI Trade Update

    Member @retireat60 requested an update on the ATVI (Activision Blizzard) Active Short Trade. ATVI has been consolidating within a triangle pattern just above the T2 support level after hitting that second price target on Dec 1st. Should the pattern break to the upside, the first resistance comes in around 37.70 while a downside break of [...]

    Technical Outlook for GILD & BMY

    Member @Ruben asked for my opinion on BMY (Bristol-Myers Squibb) and GILD (Gilead Sciences) in the trading room & as there are some pretty clear technical developments on both, I figured it would be worth sharing the charts for anyone else interested. In fact, as these two companies are in closely related and somewhat overlapping [...]

    Jan 3, 2017 4:15pm|Categories: Equity Market Analysis|Tags: , |4 Comments

    AMD Trade Setup & Entry

    The following notes & chart outline the entry criteria for a swing trade in AMD, Advanced Micro Devices along with price targets & suggested stops.

    Jan 3, 2017 12:40pm|Categories: Active Trades - Short, Short Setups|Tags: |3 Comments

    Platinum (PPLT) Bullish Falling Wedge Breakout

    PPLT (platinum ETP), which was posted as my top pick of all the precious metals yesterday, has exploded above the bullish falling wedge pattern today, outpacing the gains in gold today by a wide margin & already closing in on the first target which was posted yesterday (first chart below). PPLT was not [...]

    Jan 3, 2017 11:40am|Categories: Gold & Commodities|Tags: |1 Comment

    WEAT Trade Setup & Entry

    WEAT (Wheat ETP) offers an objective long entry here on the breakout above this bullish falling wedge pattern. Those preferring to take quick profits could target R1 which is the 7.00 resistance level where a reaction is likely. The current final target is T3 at 7.61 (set slightly below the 7.65-7.70 resistance zone) [...]

    2017 Agricultural Commodities Outlook

    It appears that various agricultural commodities are likely to outperform equities in the foreseeable future, at least during the first half of 2017 & quite likely well beyond. One of my favorite trade setups in the ag commodities sector right now is wheat, which can be traded using futures or the etf, WEAT. WEAT looks [...]

    Jan 2, 2017 9:02pm|Categories: Gold & Commodities|Tags: , , , , , , , |0 Comments
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