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Jeff Pierce
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I’m a swing trader of momentum stocks with a holding period of anywhere from a few hours to a few months. I run a number of screens to locate the strongest/weakest stocks out there, using technical analysis to determine my entries and exits. Trying to calculate the intrinsic value of stocks in... More
My company:
tradewithZEN
My blog:
zentrader.ca
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  • Gold's Collapse Should Mark Investor Cycle Low

    By Poly

    2013-02-22_1102

    Ever since the Cycle broke down 2 weeks ago we've known that lower prices were ahead. Some say the Cycles are not as affective these days, but I say the Feb 11th Cycle (failure) warning saved many, allowing them to side step the worse of it.

    What we have now is quite simply a collapse that should mark an Investor Cycle Low, and with it the much anticipated B-Wave Low. Every single condition that I track is deeply confirming an Investor Cycle Low is ready to form. Unless this is a 2008 like crash, then gold either formed a Cycle Low today or will likely complete that process tomorrow.

    Silver has given way too, and although not as much as gold, it too looks as if an Investor Cycle Low is at hand. The problem with Silver in this type of environment is that even one day makes a huge difference. I pointed out last week that you never want to hold Silver into an ICL event because Silver can and often will collapse much deeper than anybody can handle. The same principle applies in buying Silver, it's very difficult to safely time an ICL and the risk hardly justifies it. Take a look at Silver's 3 past ICL drops over the last 2 years as an example.

    I keep hearing that the miner might crash. Let me tell you, today was the largest volume day ever in GDX's 7 year history. The entire candle sits outside of the Bollinger Band and $1.40 below it. It has lost 22% in just 20 trading sessions and 47% since September. Sentiment and RSI are at their lowest levels ever. That is the definition of a crash!

    This is an excerpt from this midweek's premium update published on Wednesday (2.20) focusing on the Precious Metals from the The Financial Tap, which is dedicated to helping people learn to grow into successful investors by providing cycle research on multiple markets delivered twice weekly, as well as real time trade alerts to profit from market inefficiencies.

    They offer a FREE 15-day trial where you'll receive complete access to the entire site. Coupon code (ZEN) saves you 15%.

    Feb 22 4:59 AM | Link | Comment!
  • Time To Lock In Those Tax Profits

    By Jeff Pierce

    Quick look at just how overbought HRB really is right now.

    With earnings coming up on March 6th, this is looking like a great time to book those profits.

    hrb

    HRB2

    View from the trees

    hrb3

    Feb 20 10:19 PM | Link | Comment!
  • Financial Astrology: Mercury Retrograde Coming

    By Astrology Traders

    mrMercury will move retrograde at 19 degrees Pisces on February 23rd and then direct on March 17th. We have a stellium (4 or more planets in the same sign) with Neptune, Mars. Venus, Mercury and the Sun all in Pisces during the retrograde. The stellium creates an obsessive quality and in Pisces it can be opportunistic corporate/financial growth or like the Piranha fish where powerful elite corporate groups act with a voracious appetite to gobble up certain sectors, the outcome could be monopolies. The overall theme of 'greed' will most likely be evident and at an accelerated pace than what we have seen since 2009.

    During the Mercury retrograde I will advise caution while executing trades so as not to make an error in executing the trade or acting on impulse. The influence of Mercury can be somewhat like a thief with a bit of myrrh and a twinkle in his eye. Opportunities presented may appear perfect however there could be a bitter pill to swallow later as some unknown or hidden element turns out to be unfavorable. It is wise not to sign a binding contract or start a new venture during the retrograde period. The same is true for a company with a public offering during the retrograde period. The theme here would not be favorable for IPO's. The influence is not all negative and can be used as an opportune time to get additional facts and do important financial planning. Also pay attention to health and don't delay dental appointments.

    We are most likely moving into a very prosperous growth cycle in the economy despite the media's attempt to illustrate otherwise, or create fear that we are not. The scan of numerous charts (technicals) shows an overwhelming overbought condition in many stocks. This is part of the reason traders are finding the market difficult to trade. The buy signals are not getting triggered and the risk to reward setups are not easy to find. The gossip on the street is-something is off with the current bullish cycle- according to Rick Santelli last week on CNBC. In my view the disconnect is due to the manipulation. Last year we saw a significant pullback May 3rd that fell into place exactly as we predicted with the astrology and the technicals. There should have been a similar pullback beginning near July 31st, while Pluto was retrograde.

    The following is from this weekend's premium update by Astrology Traders which uses astrology to forecast events in the financial markets. Jeff Pierce adds in the technical picture for the stocks and sectors in focus.

    Astrology Traders provides specific dates and in-depth analysis of future events for the financial markets through weekly updates, trade alerts, and educational webinars. We now provide a free 2 week trial and you are not charged until after the 2 weeks are up so you can sample risk-FREE.

    Feb 20 10:16 PM | Link | Comment!
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