Thursday, September 18, 2014

Market Vectors Gold Miners ETF (GDX)

The "Miners" are basically following Gold & Silver
When we come out of a down trend, the bottom tends to have "wide" and wild swings, and goes into a long channel pattern.
We now need to remain "above" that key level, and continue into a longer "channel pattern".

Wednesday, September 17, 2014

Google holiday shopping trends 2014

Apple Inc. (AAPL) key level to watch

Yes, been a fan for many many years, and had the chance to go long and short.
Key questions on my mind right now ;
1) Good news priced in?
2) Current level a fake bullish break out?
3) Can a 600 B market cap still deliver ?
As long as we remain above $95, you should not worry if you are long Apple. 

High probability target

Nasdaq 100 (QQQ) current pattern, moving average settings give me a "high probability" target of
$94 around Jan 2015
What price action could cause me to change my mind? We would need to remain above 98 in that tight channel you see in red arrows (over 2 weeks), then break out (Gut feelings say that will not take place soon)

Monday, September 15, 2014

How Companies in Emerging Markets Are Winning at Home

iPath SP 500 VIX ST Futures ETN (VXX)

Weekly chart of VXX, pay attention to the price/volume action
ABC pattern in place
"B" level confirmed since its now a higher low
I do not expect a straight run towards "C", but rather an up the stairs pattern first

What to focus on this week

The weekly chart above is of the Dow Jones REIT index (Real Estate Investment Trusts)
Clear double top, expect further pull back.
Crude oil also signals a clear slow down in the economy, expecting prices to break the 2014 support level.
$USD Dollar, as mentioned several times before, its now a clear safe heaven

Silver & Gold ? Clearly oversold (in my opinion), but don't fight price action!
We could argue all we want about Gold and Silver being the best safe heaven against currencies that are not worth anything ... but price action is telling us another story.
A major war is about to take place, Russian sanctions, China's Real Estate crash ... name it, there are many reasons out there to start to worry.
Smart money decided to bet on the $USD, so should you
Regarding stocks, I have my eyes on MCP, Molycorp, you probably remember this rare earth darling? Use to trade it several times, I am now waiting for an ABC pattern before jumping it on long term call options.

Friday, August 29, 2014

Euro Dollar big picture

Euro Dollar big picture
We are still in a lower highs pattern. Current price action broke "the" main trend line.
Congestion in early to mid 2013 could act as a key support level. Gut feeling says the US economy is doing much better than anticipated, and the EU zone needs a Euro below 1.20 to "reset" its slowing economies (take France for example)

Wednesday, August 27, 2014

Gilead Sciences Inc. (GILD)

Call me crazy ... but that pattern is a clear parabolic rise on Gilead
See put option strike price, with exp @ Jan 2015
Taking a small position, will increase if price confirms a reversal

Krispy Kreme Doughnuts, Inc. (KKD)

Krispy Kreme weekly chart, trading plan (options)
The facts ; key support reliable, what about the current break out ?
Pay attention to the option exp (Jan 2015), then focus on those two
specific levels (calls & puts)

USD/CAD Daily chart

USD/CAD daily ; Focus on the "key level break out", followed by a probable fake move
Double top pattern?
Hourly chart ; Did we find a support @ 1.0890?
Hourly resistance now stands @ 1.0940
Not bearish, just neutral
Weekly pattern, still bullish