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CLVS Support Level Breakdown & Backtest

The CLVS (Clovis Oncology) Active Short Trade broke down below the 60.47 minor support level today, bringing the trade to an 8.3% gain before reversing & currently back-testing the former support, now resistance level from below. Previous & updated 60-minute charts: Today's reversal in CLVS, with the stock profitable by 8.3% at the [...]

Feb 7, 2017 11:15am|Categories: Completed Trades - Short|Tags: |2 Comments

GDX & GLD at Resistance + UUP Breakout

GDX is approaching a significant resistance zone with potential divergences forming on the 60-minute indicators. Coupled with the fact that GLD is also trading at resistance with a divergent high, the odds favor a pullback in the mining stocks soon. UUP (US Dollar ETP) has broken out above the 60-minute bullish falling wedge which also [...]

Feb 7, 2017 10:58am|Categories: Forex (Currencies), Gold & Commodities|Tags: , , , , , , |Comments Off on GDX & GLD at Resistance + UUP Breakout