Seeking Alpha

Jeff Pierce's  Instablog

Jeff Pierce
Send Message
Iā€™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
  • Correction: Sideways Or Pullback? 0 comments
    May 21, 2013 1:39 AM | about stocks: GDX, GLD

    By Jeff Pierce

    Both of these index charts could pullback to green moving average (68) and remain in a very strong uptrend. I'm not suggesting that is going to happen as the correction could just as easily be that of a sideways nature, but the markets will have to digest these gains one way or another.

    (click to enlarge)

    (click to enlarge)
    The mere fact I'm even looking at Gold through bullish tinted glasses is a monumental shift in bias from the past 3 months. I don't think it's a buy here, but I think it could be getting close. Don't interpret my hint as bullishness as an all out load the truck signal. Far from it.

    (click to enlarge)

    Deep thoughts here. I liked this passage so I thought I'd share.

    The Universe is not of itself suspended aloft without sense or reason or guidance, nor is there one reason which rules and guides it by rudders, as it were, or by controlling reins,but, inasmuch as Nature brings, in this life of ours, many experiences in which both evil and good are commingled, or better, to put it very simply, Nature brings nothing which is not combined with something else, we may assert that it is not one keeper of two great vases who, after the manner of a barmaid, deals out to us our failures and successes in mixture, but it has come about, as the result of two opposed principles and two antagonistic forces, one of which guides us along a straight course to the right, while the other turns us aside and backward, that our life is complex, and so also is the universe; and if this is not true of the whole of it, yet it is true that this terrestrial universe, including its moon as well, is irregular and variable and subject to all manner of changes. For if it is the law of nature that nothing comes into being without a cause, and if the good cannot provide a cause for evil, then it follows that Nature must have in herself the source and origin of evil, just as she contains the source and origin of good. ~ Plutarch "Isis and Osiris"

    Related Posts:

    Pause Would Do Markets Good

    Pyramid of Summerhill

    Japan Looking Very Bubbly (In A Good Way)

    Themes: Equities, Gold, NASDAQ Stocks: GDX, GLD
Back To Jeff Pierce's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

More »

Latest Comments


Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.