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Mid-day Market Update, Long Trade Ideas Updated

The US equity markets continue to move sideways within the trading ranges that have formed over the last several months but it is worth noting that the SPY ($SPX) is now sitting precarious close to the bottom of its 3 month trading range which runs from about 198 up to 209. The QQQ ($NDX) although trading lower today, is still slightly above its similar trading range, albeit, by a slightly larger margin the the SPY. Both trading ranges as well as several other technical developments on various time frames where discussed in detail in the U.S. Equity Market Overview video published [...]

2017-03-08T21:20:40+00:00Jan 29, 2015 1:08pm|Categories: Completed Trades - Long, Equity Market Analysis, Gold & Commodities|Tags: , , , , , , , |Comments Off on Mid-day Market Update, Long Trade Ideas Updated

WLT Second Price Target Hit + Coal Update

WLT 60 min Nov 5th WLT (Walter Energy Inc) has hit the second price target, T2 at 2.59, for a 43% gain in just 3 weeks since entry. T2 was originally my preferred target although T3 (4.17) was listed as, and still remains, the final target on this trade at this time. A reaction (pullback and/or consolidation) would be expected around the T2 resistance area (2.65ish) but over time, WLT still has a good shot of reaching the T3 level and still has the potential to morph into a much longer-term swing trade/investment. Other than the recent bullish technical [...]

2017-03-08T21:20:43+00:00Nov 5, 2014 11:17am|Categories: Completed Trades - Long, Gold & Commodities|Tags: |Comments Off on WLT Second Price Target Hit + Coal Update

WLT Trade Update, Reporting Earnings Tomorrow

WLT 60 min Oct 29th WLT is scheduled to report earnings tomorrow before the open. With this trade up 34% since the entry just two weeks ago & close to the 2nd target, those long might consider whether to hold through earnings or book early profits in order to risk a possible gap against your position. T3 remains the final target for now although additional targets may be added. So far the case for a lasting bottom in WLT & several other of the recently mentioned coal stocks seems to be firming up although it is still too early [...]

2017-03-08T21:20:43+00:00Oct 29, 2014 12:48pm|Categories: Completed Trades - Long, Gold & Commodities|Tags: |Comments Off on WLT Trade Update, Reporting Earnings Tomorrow

Monday Morning Comments

IWM 120 min Oct 20th I left town for the weekend on Friday & just returned last night and plan to post some updated market commentary as soon as I review the charts. I received several email questions & comments since Friday, along with a couple of donations as well a testimonial (thank you), all of which I plan to reply to as soon as I get my bearings. In looking at the 120-minute chart of the IWM that was posted before I left town, I noticed that the first suggested stop for the IWM short trade was incorrectly [...]

2017-03-08T21:20:45+00:00Oct 20, 2014 10:30am|Categories: Equity Market Analysis, Gold & Commodities|Tags: , , , , , , , , , , , , , , |Comments Off on Monday Morning Comments

WLT First Target Hit For A Quick 10% Profit

WLT 60 min Oct 16th The WLT (Walter Energy Inc) aggressive Long Trade Setup that was posted yesterday went on to break out above the 60 minute bullish falling wedge pattern (triggering an entry) and just hit the first target, T1 at 1.99, for a very quick 10% profit. T2 at 2.59 is my preferred target at this time but as always, consider booking partial or full profits and/or raising your stops, depending on your own unique trading plan. Updated 60 minute chart of WLT (another coal stock):

2017-03-08T21:20:45+00:00Oct 16, 2014 12:10pm|Categories: Completed Trades - Long, Gold & Commodities|Tags: |Comments Off on WLT First Target Hit For A Quick 10% Profit

WLT & ANR Long Trade Setups + Hedging Comments

Wash. Rinse. Repeat. WLT (Walter Energy Inc) will once again be added as an aggressive Long Trade Setup on a break above this 60 minute bullish falling wedge pattern. T2 (2.59) is the current preferred target at this time with a final target (T3) at 4.17. Stops will be determined upon entry.  As with the previous WLT long trade, Walter Energy, along with several other US Coal stocks, has the potential to morph into a long-term term trade or bottoming play. However, we just don't have enough technical evidence at this time to make that case with a high degree of confidence [...]

2015-01-02T22:57:51+00:00Oct 15, 2014 3:54pm|Categories: Completed Trades - Long, Gold & Commodities|Tags: , |Comments Off on WLT & ANR Long Trade Setups + Hedging Comments

Long Trade Ideas Updated

Today I plan to update all of the trade ideas on the site in order to remove any stopped out trades or those trade that no longer offer look compelling to make room for some new trade setups which I plan to add over the weekend & into next week. As I still remain longer-term bullish on precious metals & the mining sector, GLD/$GOLD, SLV/$SILVER and all of the individual mining stock trade ideas will remain as Active Long-Term Trade ideas for now but we be remove from the Active Longs category (Active Long Trades are typical swing trade idea) in [...]

2017-03-08T21:20:46+00:00Oct 10, 2014 10:42am|Categories: Completed Trades - Long|Tags: , , , , , , , |Comments Off on Long Trade Ideas Updated