Gold, GDX & US Dollar Analysis

The momentum indicators continue to lag behind gold prices as GLD (gold ETF) pushes higher within this 60-minute bearish rising wedge pattern. GLD 60-min Jan 16th The recent breakout in EUR/USD has occurred with potential divergences forming on the PPO & RSI which increases the chances that this breakout might soon fail, sending [...]

INGN Trade Setup & Price Targets

Those that viewed the XLP Consumer Staples video earlier today would have noticed a price alert that popped up on my screen while recording that video. The alert was triggered on a breakdown below the primary uptrend line/bearish rising wedge pattern on INGN (Inogen Inc), which was covered as a short trade setup in the [...]

Sep 28, 2017 1:17pm|Categories: Uncategorized|1 Comment

Still Offline

My family and I returned home to Fort Myers yesterday. I was unable to post any updates until now. Power is still out and maybe for quite some time although I'm hoping to have my internet access restored soon. If so I'll be able to work off generator power or at least tether off my [...]

Sep 12, 2017 12:54pm|Categories: Uncategorized|5 Comments

Friday Morning Comments

Just a heads up that front page posts & trading room commentary/replies will be on the light side over the next several days. I will be preoccupied with making last minute preparations for Hurricane Irma as the storm approaches S. Florida. Hopefully it will be back to business as usual next week with any power [...]

Sep 8, 2017 10:51am|Categories: Uncategorized|12 Comments