Friday, February 29, 2008
Trade Alert: UNG
I missed the boat on United States Natural Gas Fund UNG, when it was at 41. This is what happens when construction foremen have no regard fo...
Thursday, February 28, 2008
The Chicken or The Egg?
The stock market is just like the FED. As this blog has warned , the financial owned financial media being mouthpiece of the Wall Street eli...
Wednesday, February 27, 2008
When Do We Buy the Builders?
The short answer is not yet. Take a look at the two year chart of the Dow Jones US Home Construction Index. You can see the double bottom ar...
Tuesday, February 26, 2008
Why Blogs?
You could pay big bucks to get your financial info from Goldman Sachs, but just look at what you paid for. The headlines are from CN N Fredd...
Monday, February 25, 2008
End Of The Line
Trends are powerful economic and psychological forces. On a price chart an established trend can be reliably is followed by a trader until i...
Goldmans Hit
If nice guys finish last, then Goldman Sachs will beat the wolf pack of the banking group again, but not by as much this time around. The s...
Trade Alert : GLD
We are long 100 shares of GLD from about 89.00. I think we should hold these with no stops forever. I don't want to loose it all I just ...
Friday, February 22, 2008
Trade Alert: EXK
Endevour Silver Corp. EXK had a break of the long downtrend line that ran from 5.50 to 3.75. What you see in the chart is the anticipated re...
Trade Alert : IAU GLD SLV USO
I said we would enter into these positions, but today we made no moves. These stocks have had great runs with no real pull back, I keep thin...
Thursday, February 21, 2008
Trade Alert: GLD SLV OIL
Gold silver and oil have broken out above thier 50 and 100 day moving averages and continue to climb, pegging the momentum indicators along ...
Wednesday, February 13, 2008
Tuesday, February 12, 2008
Alert : GDX
We are going to get some protection from the double top on GDX @ 54. You can also see a huge wedge forming in the daily chart from which the...
Trade Alert : IAU GLD
We were stopped out of the short side of our IAU GLD hedge, namely IAU @ 90.50 on Feb. 7-th. With a head and shoulders building on GLD we do...
Monday, February 11, 2008
Trade Alert: UNG
UNG gaped up on the open this morning and we stayed away. With the stock just touching the 200 dma and the stochastics at 80 and rolling ove...
Saturday, February 9, 2008
Trade Alert: UNG
We did not pull the trigger on UNG Friday. This market is too dicey for longs unless it's an 11 on a scale of 1 to 10. You can see in th...
Friday, February 8, 2008
Trade Alert: UNG
The chart of UNG has taken the very bullish W formation, in this of all markets. From the daily chart (Link 1) you can see the first bottom ...
Thursday, February 7, 2008
Alert: GoldMan Sachs
Enter a 1/4 position on Goldman Sachs (Risky) Buy 25 shares GS @ 188.01 Stop @ 184.00
Wednesday, February 6, 2008
Alert: IAU GLD
I can't tell if gold is going to re bound or sell off some more. The stochastic is under 20 and just turning up. Take no chances Buy 100...
Sunday, February 3, 2008
Trade Update: IAU GLD
We were stopped out of the long side of our IAU GLD trade and are now naked short IAU. This is where I least prefer to be. I would rather g...
Friday, February 1, 2008
Alert: GDX
Metals are selling off. Now we will enter our hedge, a covered call. Sell to open 1 contract GDX Feb. 40 call GDXBN @ 9.20
Subscribe to:
Posts (Atom)
