Category Archives: Uncategorized

Chart update GLD GDX CDE SPY TLT Naz 100

SPY broke below 200 day SMA and could have a short squeeze bounce to 133. GLD huge volume up day in anticipation of more QE or whatever acronym they dream up, Gold miners GDX may have bottomed, CDE perking up … Continue reading

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Major Bond Market Breakdown

This will mean rising interest rates for everything.  This will be a great short on any bounce to the 114 to 115 area.  I will use the TBT.  Have fun!

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Nice IBM textbook breakout today / NDX Monthly breakout

This is exactly what you want to see for a buy point.  All of the buy stop orders were automatically triggered getting everyone in on the trade. Nasdaq 100 Index – target? Many of the old technology heavyweights have been … Continue reading

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Failed breakouts

As everyone is predicting the next years events, I was just looking at the most basic stock “buy”strategy, the breakout.  Please note the last several breakouts in these market leaders have been great in the past.  I just look at … Continue reading

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Update on the NDX Nas 100 breakout of 2007 highs

A while ago I noted that the NDX has broken to the upside on the weekly charts above the 2007 highs.  That looks to have failed now.  We will see if the failure holds as that is your “tell”.  The … Continue reading

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And the gold miners are really starting to pick up steam

I haven’t looked at the group in a while, but some have broken to new ALL TIME HIGHS.  As a trader, these are the ones to buy and hold.  New highs are the only indicator you need to tell you … Continue reading

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Will the infamous “death cross” stick?

I remember back to around this time last year when we had the death cross where the 50 day SMA had crossed down through the 200 day SMA and everyone was talking about it.  It was almost too easy to … Continue reading

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