This video reviews the individual charts of all 36 stock in my Cannabis Watch-list, most of which have been highlighted as trade ideas in previous videos, the trading room or as official trades on the front page. Due to the large number of stocks, this video is unusually long. As such, I've listed the order [...]
The CCE (Coca-Cola Enterprises) Swing Trade + Growth & Income Trade has hit the first target (33.68), printing a high of 33.69 so far today & providing a profit of 7.7% (including the dividend of 0.177 paid on Jan 13th to shareholders of record as of Dec 3oth). Previous & updated daily charts:
As predicted in Tuesday's video, the 115.70 formidable resistance level coupled with an over-extended run proved to the stopping point for the rally in GLD. My expectation is for a pullback to any of these 3 support levels (113.95, 113.15 or 112.15) before a resumption of the uptrend. The first chart is a screenshot taken [...]
AAPL (Apple Inc) is now at the "sweet spot" of this bearish rising wedge pattern where breakdowns typically occur. A break below the wedge would likely bring prices to any or all of these potential target/support levels. Negative divergences confirm the bearish nature of the wedge & warn of a likely impending trend change. 60-minute [...]
Another inquiry from member @nj1957 in the trading room was a request for an update on IPI (Intrepid Potash Inc). IPI is back-testing the former T1 level (actual support at 1.80), which is now support. This provides an objective long entry with a stop placed somewhat (5-10%) below. IPI is unofficial trade at this time [...]
As a follow-up to the 2017 Agricultural Commodities Outlook published on January 2nd as well as an inquiry from @nj1957 in the trading room on JJG, here's my outlook along with the recent developments & outlook for JJG (Grains ETN). JJG broke out above the mid-2016 to early 2017 basing pattern yesterday & remains above [...]
This video starts with analysis on gold, silver, platinum & GDX, followed by coverage of the US stock market (via SPY, QQQ & IWM) various sectors & some of the recent trade ideas posted on Right Side Of The Chart.