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acestocksplayer

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Reply with quote  #16 
THE RUSSELL 2000 MAY BE OFFERING US A HINT OF WHAT IS TO COME....?

Look at the $RUT daily chart....the candle on Wednesday reversed and ended up down with a tail on top...

That candle closed almost dead on to the critical 50 sma line....indeed, $RUT has been struggling with the 50 line the past few days, and Wednesday's candle was not showing a favorable short term trend....

So will $RUT fall through the 50 day line?

That seems quite possible to this observer, so I would again echo the immortal words of Slammin' Sam who often said..."Only time will tell."  

$RUT daily chart

[image]

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acestocksplayer

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Reply with quote  #17 
Quote:
Originally Posted by Littleshark
ACE ... http://stockcharts.com/search/index.html?lithium Lithium ,,, if you see something under the "industry" tab that fits ,,, click the center chart left of the symbol to quick check a daily - weekly - P&F chart on one page(LIT P&F price objective & chart is interesting) ...

Google "zinc shortage" ... when I wanted to look at stock "ZINC" a couple days ago ~ symbol was not "found" at Stockcharts.com ... but a Canadian company said that there is a zinc shortage because a number of zinc mines have shut down around the world ...


----------------------------------------------------------------------------------

Wow! Shark, you found a whole mess of them! The only other Lithium symbol I could think of was LTUM....thanks! I will review each of them to see if I can find a sleeper both fundamentally as well as technically.

As for ZINC, I think they went bankrupt, which might explain why you can't find a symbol...however, you are entirely right about a zinc shortage....Barron's did a big story on the low supplies of zinc around 2 years ago...and at that time, ZINC was their number one pick in the category.... Click the link for Barron's

http://www.barrons.com/?r=1


Later, in a follow-up, Barron's admitted that they didn't fully see the meltdown by ZINC that was coming....

At any rate, it might be wise to try and find a zinc stock or too? [thumb]





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acestocksplayer

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Reply with quote  #18 
GOLD, SILVER AND PLATINUM ARE PUSHING HIGHER IN ASIAN TRADING...

The US $ is slipping again....

Platinum is showing especially strong strength....Platinum has now pushed to over $1,000 the ounce for the first time in a while...

I continue to hold a position in platinum miner IMPUY....

I also am holding recent new purchases in NUGT and EXK.


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acestocksplayer

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Reply with quote  #19 
US futures are in the RED....

Dow at -65....Nasdaq at -21....

Markets are getting nervous with student riots at UC Berkeley, heightened tensions with Iran and Trump's rather angry phone exchange with Australia's prime minister.


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acestocksplayer

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Reply with quote  #20 
Here is the EXK daily chart...it started to push through the 100-200 day junction on Wednesday...if the pop in silver prices can hold over night, then I would expect EXK to pop up higher above that junction on Thursday and the 50 day line should continue to drive thru the 100 and 200 day lines in the days ahead....and notice that price has lifted up out of the down-trend channel, which is a bullish sign for longer term traders....  

A big IF, I do admit for precious metals to keep going higher....for instance, the JOBS REPORT is this Friday, and many pundits are expecting a big number, and a big number will raise fears of a FED RATE HIKE in March rather than June as most believe now....and a March rate hike would put pressure on precious metals if the Jobs Number is a big one....

But what if it isn't? After all, the Transports Index has slipped recently, hinting that the economy may be cooling off....

EXK daily chart

[image]

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acestocksplayer

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Reply with quote  #21 
SHARKY....HERE'S ONE FOR YOU...!  [biggrin]

This sure looks to me like a classic blood low on gold miner NGD that occurred on Tuesday....a big two day drop with the heaviest volume on the second day (Tuesday) and then the long wick on the bottom suggesting that the snap back had begun on that day...and all of this occurring outside the standard Bollingers....

Then it continued to recover on Wednesday with a nice pop....but it looks to me like the recovery has a long way to go....I am tempted to jump on board on Thursday morning if I can time it right....

NGD Daily Chart

[image]

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Littleshark

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Reply with quote  #22 
LITHIUM ,,, for ACE ,,,

Financialbuzz.com article gives LOTS of info on the current and future Lithium market ,,, names players and what projects they are involved in ...

look for article at source or under symbols mentioned ,,, MGXMF ~ largest Lithium land holder in Canada and they just acquired the UTAH lithium property too ...

!!!!!!!!!!!!!!!!! >>>>>>>>>>>>> and are setting up a pilot plant to extract Lithium with their patented process ,,, which reduces recovery times for extracting Lithium & other minerals from 18 months to 1 DAY !!!!! ,,, when compared with conventional Lithium extraction ...

and Ford (F) ~ GM ~ HMC ~ PCRFY ~

article tells what lithium batteries each is working on ... NEW wafer thin bendable lithium batteries ,,, batteries for fuel cell for automobiles project sounds huge ,,, etc. ...
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Littleshark

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Reply with quote  #23 
NGD ,,, ACE ,,, NGD & TGD have been two of my favorite gold miners for years ... probably because they had low prices ...

I haven't studied NGD fundamentals in quite awhile ,,, TGD is producing gold nicely ,,, and almost has another mine coming on line ... I was researching TGD a couple weeks ago ...

NGD ,,, is a "broken stock" on your chart ,,,, support didn't hold and the drop was not "orderly" but explosive ,,, you are right that RH System players may be buying the RH now ... with where the most recent drop began ='s the 50ma at about $3.68 as their take profits target ...

but after we did two blood buy test lists on Penny Board a few months ago ,,, we  found that MOST of the blood buys didn't recover for months ='ed poor odds of success playing them in our two paper trade blood test lists then ... so play if want to - but be aware of the risks ...

I would research what caused the trap door to open and price to fall ,,, is that fixable by the company ???


What we learned from watching the two blood test lists stocks every day for two months straight(the test period back then) ,,, greatly changed my view of the odds of playing blood lows ...

p.s. ,,, price likes to recover back inside the BB(20,2) lower band http://schrts.co/l8gGks TENX example ... the further the drop below the lower BB band ='s the better the short covering pop back play usually IMO ...
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Littleshark

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Reply with quote  #24 
http://schrts.co/EVqdfy INO $6.68 ... count back 10 days & 13 days ,,, back end effect should help 10ema rise next 3 days + ,,, and 13ema rise next 5 days + ... what caught my eye when I opened this chart ~ was that price is holding at the top of the bullish huge WC ... where are the bears ???

and Jan.5 is 20 days back ... back end effect will now start helping the 20ma front end to rise ...

BOT computer programs know this ,,, and seem to have recently positioned for it IMO ...

post date ,,, 2-2-2107 Thursday 10:50am ct ... let's see what the average lines do in the White Space through next week ...
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acestocksplayer

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Reply with quote  #25 
Hi Shark....

Yes, thanks for sharing the risks inherent with buying off blood lows....I am avoiding NGD for 2 reasons today....one is the black candle it shows today, even though that candle is higher than yesterday....the second reason is tomorrow's Jobs Report....the fear is that the jobs number will be large (and today's ADP report hints at that)....if the jobs number is a big one, that will likely sink gold stocks for a spell....

In fact, I have been trying to jettison at least one of my two NUGT calls today while I can claim a small profit, but the machines keep playing games with my asking price....geesh!

Also, thanks for that Lithium stock...I had heard of some small company having access to the lithium deposits nearest the Tesla gigafactory, but I could not locate the symbol....I think you just found it! Thanks.

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acestocksplayer

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Reply with quote  #26 
PROFIT TAKING ON NS.... Actually, I tried to sell my 2 calls yesterday when I noticed the chart was likely to give back gains, but the machines would not take my ask price....sure enough, it has pulled back some today and I exited at a lower price than what I wanted. Today, I sold my 2 calls of NS June $55 @ $1.95 a share...total proceeds of $390.00...my original purchases were at $1.50 on 1/17 and at $2.15 on 1/25....so, the gross profit on this sale was smaller than I wanted at $25....factor in 3 $7 commissions, and my net profit was only $4. Still, no one has ever lost money by taking a profit and my recent chart read was telling me to get out before it did become a loss. I made one new purchase today on a small penny stock....I will post that on the Penny Board.
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acestocksplayer

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Reply with quote  #27 
Well, I am still holding 2 NUGT calls....as I mentioned earlier, I was attempting to sell one of the call contracts to ease my exposure in front of tomorrow's Jobs Report, but they would not take me out at my Ask price....my thinking at this point is that I will probably suffer some pullback with tomorrow morning's Jobs Report, but the sellling may only be a one day event....

Then my NUGT calls may resume their advance on Monday?....only time will tell, but i will take my chances with 2 calls in my portfolio instead of one.

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Littleshark

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Reply with quote  #28 
Ok ACE ,,, Chart School Short Term Decision Point view / with ACE's XXX (but 50ema instead of 50ms ~ sorry) :

http://schrts.co/6bLUvx $GOLD ,,, try related NUGT & UUP ...

on "stocks members are watching now" board ,,, cmac said that http://schrts.co/CWrNQY PVG has been a strong performer ,,, did it just break out above resistance ???

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acestocksplayer

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Reply with quote  #29 
Quote:
Originally Posted by Littleshark
Ok ACE ,,, Chart School Short Term Decision Point view / with ACE's XXX (but 50ema instead of 50ms ~ sorry) :

http://schrts.co/6bLUvx $GOLD ,,, try related NUGT & UUP ...

on "stocks members are watching now" board ,,, cmac said that http://schrts.co/CWrNQY PVG has been a strong performer ,,, did it just break out above resistance ???


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$hark, I entered NUGT in your decision pt chart....NUGT almost clear of lateral resistance and RSi and STOCH show room to run....I am still worried tomorrow's Jobs Number will cause me some short term pain with NUGT. Thanks.

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Littleshark

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Reply with quote  #30 
OK ACE ,,, http://schrts.co/aO578L NUGT ,,, that is the chart I used Jan.2 in first post of the White Space emerging patterns board ,,, suggesting that NUGT was an emerging "cup & handle pattern" on Jan.2 ...

it seems that pattern is still in control ... look at the chart indicators ...

doesn't help you "short term" I guess ,,, just the "overall trend" that is in play ~ until it isn't any more ...

http://schrts.co/59a2lN UUP ,,, I pointed out the triple top abandoned island babies as each printed back then ,,, in mid Jan. I noted that the lower BB(20,2) green BB band was NOT rising up to support price ~ so the downtrend had good odds of continuing then ...

now I point out that price has found "temporary" support on the lower red BB(50,2) BB band ,,, so watch what price does next ...
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