Tate Dwinnell is an independent investment analyst who, after spending time as an analyst for CANSLIM.net, developed his own websites with the goal of empowering the self investor and helping to level the playing field between professionals and individuals. Tate currently runs a membership... More
Just posted a new article at my blog from guest author Robert Williams who has worked in the oil industry for 40 years.. always enjoy his insights into the industry and think you will too. Here is his article
Gold's seeing some life again after its pull back to 200 day moving average (GLD). I scaled into a position in NAK today which has carved out a bullish wedge formation and kicking off the 50 day moving average. Volume levels still look quite good.
Today, the market subtly revealed another crack in the armor of the bulls with the end of day sell off. With the Dow and S&P closing in the red, that's a minor high volume reversal with institutions dumping positions into the close just as they did Friday (more severe today). A follow through tomorrow would complete a top to this leg of the rally and set the stage for a return to the 50 day moving averages at the very least.
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Process Controls Industry Perspective
Just posted a new article at my blog from guest author Robert Williams who has worked in the oil industry for 40 years.. always enjoy his insights into the industry and think you will too. Here is his article
Gold Perking Up. . Long NAK
Gold's seeing some life again after its pull back to 200 day moving average (GLD). I scaled into a position in NAK today which has carved out a bullish wedge formation and kicking off the 50 day moving average. Volume levels still look quite good.
Higher Volume Reversal Today is the 4th Red Flag
Today, the market subtly revealed another crack in the armor of the bulls with the end of day sell off. With the Dow and S&P closing in the red, that's a minor high volume reversal with institutions dumping positions into the close just as they did Friday (more severe today). A follow through tomorrow would complete a top to this leg of the rally and set the stage for a return to the 50 day moving averages at the very least.