Here are my favorite 5 posts from the past days to kick off the week with the right foot. [click to continue…]
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Based on the result of a recent survey I have conducted between members, I have decided to change the format of my weekly chart review in pdf format. If you find it valuable feel free to share it.
This week I’m going to review 9 Patterns in Play and 6 Developing Setups. Among the first I have included: British Pound, GPB/JPY, NZ$, CA$, Nat. Gas, Sugar, Platinum, Brazil Index MSCI Ishares ETF, Japan Small Cap Dividend Wisdom Tree ETF.
Markets that are presenting Developing Patterns but are not quite there yet are, in my analysis: GBP/CAD, Japanese Yen, 5-Year T-Note, Gold, Gold Miners, Canada Index MSCI Ishares. [click to continue…]
Here are my 5 favorite blog posts from last week.
As usual topics are anything in between personal finance and financial markets.
Have a good Sunday everyone.
After yesterday’s decisive close in the green, today Gold Miners opened higher, then sold hard. In the next few days I’ll be looking at today’s high ($27.78/GDX) to eventually buy a close above it.
Here is my case for being long Gold Miners above that level:
- The long term chart of the Gold Miners Index, GDM, shows a bottom Inverse Head and Shoulders forming at a key supporting level (the gray band that I have drawn on the chart below).
- The measured objective of the Inverse Head and Shoulder is 40% higher from current prices. That happens to be at around half way the impulsive wave down from 2012 highs to 2013 lows.