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Momo's keep breaking down. Shorted LKND this morning. Add it to CMG and AAPL as momo market leaders continue showing weakness. Apr 23, 2012
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Shorting CMG here at $423. Now short both CMG and AAPL - playing with "momo" fire. Apr 20, 2012
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Funny/bizarre that with S&P up .4%, TZA (3x small cap bear) is green and TNA (3x small cap bull) is red. Dec 23, 2011
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Welt on Gold Support Trend Lines Thanks for the chart. I have a lot of faith in ...
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Will Ray, Jr. on AAPL Testing Support At 20 Year Trend Line I would like to buy more right in here
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FWS on CMG Breakdown Update... Nearing Short Term Support? Very ST support. No central banks will be able ...
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Playing the Ponzi on RIMM Breaking Out? I totally agree. It makes no sense for RIMM to ...
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john12345 on RIMM Breaking Out? Here is where chartists breakdown. Rimm has no ...
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- SNDXF due for a pullback? (2 Comments)
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Can Gold Miners Find Support?
Gold miners have been beaten senseless for the last year, so calling a bottom is a widow-maker's game. I'm not calling a bottom. However, it is worth noting that GDX has formed an inverted head and shoulders (for the moment). Should the miners show some life in the coming days, it may be worth keeping an eye on. GDX would need to rally over 10% to break above the neckline and build some offensive mojo.
(click to enlarge)
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
Grains Ready To Push Higher?
After bouncing off multi-year support and breaking above resistance, JJG could be ready to finally push higher.
(click to enlarge)
Disclosure: I am long JJG.
Hello, Mr. Bear
Wow, an awfully bearish day for the charts today. The huge wick put in place in SPY today looks AWFULLY toppish. We'll see what kind of follow-through we get in the succeeding days.
(click to enlarge)
Also, AMZN, which has traded in a falling range during 2013 has predictably reversed course at the top of its range.
(click to enlarge)
Good for the bears who finally have a winning day. If only a day.
Disclosure: I am short AMZN.