Oil Is Looking Top-Heavy - 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

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Oil Is Looking Top-Heavy 0 comments

Aug 22, 2012 1:01 PM | about stocks: TBT, TLT

By Karen Starich
During the webinar last week we discussed the recent bullish move for TBT and advised a long position near $15.95 . We could see another significant move up for TBT on August 24th. We could also see a pullback on the dates I mentioned above (9/11-9/14), so I advise scaling in with smaller positions and adding on the pullbacks.
October 4th is another date I will draw attention to for a significant move up for TBT. I will also give a caution for more volatility in the bond market as we approach resistance levels.
(click to enlarge)
The following is a brief except from this weekend's premium update by Karen Starich, who uses astrology to forecast events in the financial markets. Astrology Traders provides specific dates and in-depth analysis of future events for the financial markets through weekly updates, trade alerts, and educational webinars.
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Themes: Bonds Stocks: TBT, TLT

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