By Mike Paulenoff, MPTrader.com Since I am a “pattern geek,” what is the Emini S&P 500 pattern whispering to us now? That all of the action off of the new all-time high at 2278.25 established on December 13 — exactly one month ago — is taking the form of a Bullish Coil Formation, which the […]
The title of this post is much better than what I wanted to say, but I just wanted to whip up a decent comment cleaner before the trading day began. It has to do with the stock below, Valeant Pharmaceuticals. This stock (which, among others, has been a very big thorn in Bill Ackman‘s side) […]
I guess gold got tired of bitcoin having all the gains, as it busted above its small basing pattern and is resuming its rally (I’ve got small short positions in GDX and GDXJ which I suspect will be stopped out instantly at the open Thursday). I’ve pointed out the gap which I’ve mentioned before as […]
I’m not even going to try to understand the logic, but well-encrypted 1s and 0s of imaginary currency have formed an astonishingly-clean basing pattern, suggesting much higher prices ahead.
Last night, gold did its “gain a lot, then lose some ground” routine, which seems to be a habit these days. The good news for those long gold (as I have been since the 15th) is that it managed to push its way past 1145. Hopefully, that level will offer a new level of support […]
As I type this, it looks like the equity bulls are making it their life’s mission to reach Dow 20k A.S.A.P. Given the momentum, it seems they’ll succeed easily. On a different subject, gold was really starting to show signs of life last night. Sadly, it’s become smacked down once more. I’m still cheering for […]
I just got back inside from walking my dogs in this……. That’s real dedication, eh? It looks like a “quiet pre-holiday trading day”, which is another way of saying ungodly boring. Here’s one chart of interest, though: gold. My supposition is that gold is going to enjoy its bounce in the days ahead. I’ve drawn […]