We have two long trade ideas posted in today’s Bulls and Bears section. One of them is in Medicines Company (MDCO). Please observe the daily chart below. Anyone viewing the weekly chart of MDCO would have to agree that the stock trades […]
Firstly, as an update to Monday’s issue, the NAAIM Exposure Index number of 49.76 was released yesterday. As for today, there isn’t much out there that we like ahead of today’s option expiry. Of any sector though, gold (GLD) looks to be […]
A short trade in gold (GLD) is illustrated below. GLD found resistance at the top of the descending channel outlined in red. The 38.2% level of the Fibonacci retracement drawn from the high on 7/6/16 to the low on 12/15/16 is contributing […]
Gold is testing an important level which is illustrated on the chart below. Gold has held support of prior lows over the past three days. Shorts will begin to feel pressure to cover if price continues to creep back higher. This could […]
Please observe the chart below. Gold (GLD) will be moving one way or another following the release of the jobs numbers this morning. If the number is flat to soft, GLD is very likely to take off higher. In this case, nimble […]
The chart below is absolutely the most interesting we came across over the past weekend. If you can see it, the little red line in the lower left corner is the rise in gold since the beginning of this year. Shocking perspective […]
Each week Peter and his minions scour the markets to find the best equity and forex setups for the followers of the Swing Trader and FX Trader. Premium subscribers get 2-5 of these daily. Every weekend we present one trade idea from […]
Let’s pick up where we left off yesterday on the gold miners index (GDX). Please observe the chart below. Yesterday’s combination of large volume selling in gold (/GC), an overcrowded bias of GDX to the long side, and a weaker stock market […]
The entire planet of technical traders has its collective eye on the gold miners index (GDX). Please observe the chart below. GDX closed at its 50 day moving average(simple, red line) yesterday. It is now less than one daily average true range […]
Unless gold gaps up in pre-market trading, we’ll be setting a buy-stop order this morning in GLD based on the set up illustrated below. GLD bounced back nicely to fill the gap of Wednesday’s gap down and closed just under the current […]
The day started out fearful, pushing equities lower and volatility higher. High volatility has continued as the Brexit concerns continue, strengthening the yen. The yen has acted as a safe haven currency, as we have discussed, as short yen positions are covered. […]
We’ve beaten the drum on a gold (GLD) short a couple of times over the past two months. Here we go again. Last week, GLD put in what could eventually become its first lower high (reed arrow) before ending the week back […]
The long term resistance facing gold (GLD) discussed in the March 1 issue of the ShadowTraderPro Swing Trader has yet to be resolved. Please observe the chart below. GLD is fighting to maintain its uptrend at the top off the descending channel […]
