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acestocksplayer

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Reply with quote  #51 
Quote:
Originally Posted by Koog
Ace ... Going back thru some previous lists, i came across THM ...
While charting using several different charts, one that is my TripleX version.
I see a nice set-up in several different charts. Even in a TripleX chart....Take a look ....

http://stockcharts.com/h-sc/ui?s=THM&p=D&yr=0&mn=6&dy=0&id=p93385394638

My guess is you can see more in this type chart than myself....Just curious
I feel like the setup is one that looks to be promising to rise....
 

-----------------------------
Hey Koog....a great looking chart there!

Not only is the XXX in bull mode, but I also detect a cup-n-handle base with the breakout pivot at $0.75 which coincides with the 200 day resistance line....if it can get above that 0.75 it might become a big mover, imho.

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acestocksplayer

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Reply with quote  #52 
Quote:
Originally Posted by Littleshark
I modified and extended your chart Koog ...

ACE ,,, WATCH http://schrts.co/JHr0kJ ERII now ... rising up from a higher low inverted H&S bottom ,,, resistance above ,,, but price finding support on the 10ema ,,, so a watch in case this gains momentum ...

http://schrts.co/4aYLnY count back 10 days ,,, back end action should help 10ma to keep rising as support for higher prices ... count back 20 days ,,, count back 50 days and you get Nov.22 ... if get higher prices next week ,,, back end effect and front end effect will make 50ma not go any lower ... if ...


Koog's mention above ,,, http://schrts.co/3i0Z4C THM ,, price finding support on the rising 10ma ~ not getting pulled down to the lower 50ma any more ... count back 10 days & 20 days & 50 days(Nov.22) ,, and all those average lines are going to get "back end" effect help at rising because lower then current prices will keep dropping out of the back end of each average line ... so the bears are going to have to fight rising average lines if they want to pull price down ... I wouldn't want to buy PUT's on that bet ... 200ma is rising also ='s less strength as overhead resistance ...

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

Shark, thanks for bringing ERII back to my attention...I have not looked at it in about 2 weeks...

it is definitely showing some  strength of late....but it still has to penetrate the 50 MA which is more or less about even with some down-trend wedge lines....so a break-through of that barrier could help propel this one....thanks for your chart....well done!

Shark's ERII chart

[image] 



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acestocksplayer

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Reply with quote  #53 
Most of Asia is higher this Sunday night, except for Australia...

The US Dollar continues to weaken, especially against the Yen....

So, gold, silver and platinum are modestly higher in Hong Kong tonight...

US futures are looking pretty flat....

Oil is modestly higher...

I look  forward to see everyone back here on Monday![cool]

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acestocksplayer

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Reply with quote  #54 
CNBC has an interesting story about rising bond and gold prices....which is what is happening lately including today....go to http://www.cnbc.com for the full story....

Here is an excerpt from that story....

"Higher gold prices paired with rising bond yields is one trend to watch to signal impending market volatility, according to a new report from Bank of America Merrill Lynch. Both the stock market crash of 1973-1974 and Black Monday in October 1987 were preceded by three quarters of rising bond yields and rising gold, according to the report by strategist Michael Hartnett and colleagues...."

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acestocksplayer

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Reply with quote  #55 
MY TRADING PORTFOLIO IS OFF TO A GOOD START FOR THE WEEK....

ARTX +3.7% TODAY
EXK +2.4%
HYG (SHORT) +5.26%*
IMPUY +1%
NUGT +6.2% *

* Starred symbols represent options trade results

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Reply with quote  #56 
BULL SENDS WELL WISHES TO FORUM MEMBERS...

He sent me an email that he had to delete his membership for now due to a project that requires him to be off message boards....

He also gave me his targets for GLD and SLV but I will have to locate that ....or maybe Shark posted those targets?

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acestocksplayer

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Reply with quote  #57 
Wow! The precious metals of gold and silver are really taking off now....

My positions in NUGT and EXK are hitting new 5 day trading highs!

I might need to up my position in IMPUY, a platinum miner, before the platinum metals stocks start to play catch up? PALDF is also a possibility, but its volume has been weak of late...

SWC was a logical choice in the past, but it is selling out to SBGL....I will have to look at SBGL to see how its chart looks, I guess.

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acestocksplayer

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Reply with quote  #58 
I bought 100 more shares of platinum miner IMPUY at $3.995 a share....now holding 300 shares of this one.
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acestocksplayer

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Reply with quote  #59 
NUGT was up around $12.85 when I last checked about 30 minutes ago...

When I view the daily chart, I don't see any significant resistance until $15.80....that leads me to think this animal has room to run!

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acestocksplayer

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Reply with quote  #60 
I WONDER IF NOW IS THE TIME TO ENTER A LONG TRADE ON TLT...

Do you see where it broke down there on November 9th? I was sitting on some TBT calls (which is the same as shorting TLT)...and I racked up some nice profits off that trade back then...

I did buy a TLT call shortly after that, but that trade went nowhere...I got back long too soon....and had to exit, but my recollection is that I lost only a small amount on that reversal trade...

But now, it looks to me like TLT has bottomed, which is just the opposite of the what the herd has been believing the last few weeks....hmmmmm...

Look at those FAST RSIs rising...an early entry signal there....and look at the histo bars starting to curl up higher and that could indicate a possible bull trend just getting started...

TLT is very close to flipping those pSAR dots...and the RSI-14 black line is in very calm territory near 10 meaning that the prior bear trend has diminished to almost nothing...and that open gap is looming up above which beckons...

TLT daily chart

[image]

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CMAC38

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Reply with quote  #61 
ACE, what do you think of flipping into JDST while NUGT consolidates a bit?

http://www.stockcharts.com/h-sc/ui?s=JDST&p=D&yr=1&mn=3&dy=0&id=p39949812071    

I agree NUGT can and will likely go higher. In fact much higher this year. ST it seems it would be better for stability to pause and breathe.
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acestocksplayer

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Reply with quote  #62 
Well, it was a great day for us NUGT holders! I know that CMAC38 was also riding this animal...

As I see it, there is still some clear skies ahead....see that blue dotted line runing just under the $16 mark (at $15.80)...? That is the next serious resistance point, imho...

So, there is a lot of room to run yet for NUGT...and notice the black line on both ADX graphs is just starting higher, which is an indication that the new TREND is still in its early stages...

So, therefore, I am trying to be careful not to sell my two calls too soon...this is my chance to really make a killing on this trade, but it will require nerves of steel not to sell too soon...

As it would be easy to sell it right now and cash out about $250 profit on my pair of NUGT calls... but I think I can ride it higher...easily make another $100 to $200 by just being patient....and then maybe wait for a pullback and re-load at that point?

NUGT daily chart

[image]   

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acestocksplayer

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Reply with quote  #63 
Quote:
Originally Posted by CMAC38
ACE, what do you think of flipping into JDST while NUGT consolidates a bit?

http://www.stockcharts.com/h-sc/ui?s=JDST&p=D&yr=1&mn=3&dy=0&id=p39949812071    

I agree NUGT can and will likely go higher. In fact much higher this year. ST it seems it would be better for stability to pause and breathe.


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

CMAC38, I see the heavy volume there on that JDST and with the big red candle, Sharky would be telling us it's a blood low, I think....

But look at that A-D line on your graph....holy cow! It's fallen off a cliff and doing a straight nose dive there!

And since it's your chart, I can't mark it up, but it appears there was a descending triangle in there, and now that the triangle is broken, the target is down to....can you believe it....ZERO! [frown]

If that target is right, that tells me that JDST will be doing a reverse split in the not too distant future to preserve any value in the shares....

So, I see what you are seeing, and possibly that JDST might get a possible reversal for a few hours or days....but I am not real keen on using that one to hedge with....just my two cents, but then again, I am often bullish for gold, so beware my predilection for that anyhow.[eek]

One thing I will say is that some gold miners are outside their BBs today, and so a short term snap-back tomorrow seems entirely possible, but it may prove to be very short term in nature?     



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Reply with quote  #64 
IT TURNED OUT TO BE A VERY GOOD DAY FOR MY SILVER POSITION IN EXK TOO!

A few of you might recall that I jumped into this trade last week when I saw the 13 EMA rising into the 50 SMA line with the price smack dab between the two lines...my comment then was that this is usually a set-up that favors a move higher....

And sure enough, that is what has happened, especially today...now, EXK finished outside the Bollingers, so there may be a pause coming on this one, but if it gives back only half of today's gains, that might still position it to continue to much higher levels, I am thinking...

EXK Daily Chart

[image]   

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CMAC38

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Reply with quote  #65 
Good points ACE. All I am looking for is a ST scalp. 
So far I have been able to scalp NUGT enough to go from 500 to 700 shares when all in.
Thought JDST might be a way to quicken the pace as my goal is 1,000  NUGT shares, but I also don't want to go
the other way because of taking on too much risk.
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Littleshark

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Reply with quote  #66 
http://schrts.co/pRInQT KTOS $8.85  +.28 +3.27% ...
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Reply with quote  #67 
Interest is building in NUGT , JDST and JNUG from where i sit... 
JDST  up .36 premarket and JNUG is down .36 premarket .... Opportunity is waiting Gentlemen.... Have a great Tuesday...
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Reply with quote  #68 
Not sure what you boys are up to ... just a fly by here.

NXPI at only 18% vs. 80% required for tender ... guess peeps want more green.  Chart has broken out to the upside after a rather long sideways move.

CSCO looking promising here.

VLO just shook out all the weak hands I think ... biased of course ... talk of dividend hike.

My ESLT moving along sharply.

Did I mentioned added to XGD ... gotta hedge somehow ... sold calls against US healthcare position.

Bye for now.
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acestocksplayer

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Reply with quote  #69 
Woody, I saw Cramer comment on CNBC yesterday on Squawk on the Street...he said that China's government was questioning QCOM's takeover of NXPI as being a threat to competitors and that is why you see the large gap as some investors fear the deal may not get done. Also, Goldman upgraded NXPI yesterday to say that NXPI is worth much more than the $110 tender price and those comments helped to propel the stock on Monday. You might find some info on what I say at http://www.cnbc.com .
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Reply with quote  #70 
Quote:
Originally Posted by Littleshark
http://schrts.co/pRInQT KTOS $8.85  +.28 +3.27% ...

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

SHARK...I bought 2 August $10 calls on KTOS this morning @ 1.05 each....

I am a little upset that I missed jumping in yesterday, but I still believe its gonna work its way higher from the $9 level, so I jumped in with long dated calls. Thanks

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Littleshark

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Reply with quote  #71 
Quote:
Originally Posted by Littleshark
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 ...

(end)

pg.2 post from 5 days ago Feb.2 last Thursday ,,, check the charts ... last sentence in post above played out as expected ,,, up against declining average line resistance now though ...



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Reply with quote  #72 
SHARK, we often learn by checking back on what occurred and comparing to what we believed would occur. One has to keep an open mind that the answer is sometimes different from what we expect.
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Reply with quote  #73 
ONE NEW BUY FOR ME TODAY....

It is actually a short on a major index....I bought 2 TWM calls...TWM shorts the Russell 2000 at 2x leverage....in theory, playing options on TWM will provide me with 3x or even 4x leverage, assuming certain conditions....

On the chart, the $RUT closed below the 50 SMA....of course, it has done that a few times of late and nothing happened, but this the 3rd or 4th attempt at breaking under the 50 and the more attempts there are, then the better the chance of a break down.... Also, on this 50 day penetration, the histo bars on both fast and regular speed MACD are falling in unison....that wasn't quite true on the previous 50 penetrations....anyway, let's see what happens from here....

$RUT daily chart

[image]

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Littleshark

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Reply with quote  #74 

Quote:
Originally Posted by acestocksplayer
SHARK, we often learn by checking back on what occurred and comparing to what we believed would occur. One has to keep an open mind that the answer is sometimes different from what we expect.

(end)

ACE was responding to my UUP update post #71 above ...

Ace ,,, I just "hate it" when stocks don't follow the pattern ODDS ... sigh ...

sometimes they do though ,,, http://schrts.co/1TAEBw UUP ,,, place "inspect" horizontal line on Feb.2 low ,,, look left ... I got lucky that time ... ,,, http://schrts.co/sRWiJM RUT ,,, place horizontal line on bottom of Jan.24 WC ,,, look left ... http://schrts.co/UORGqJ INNV ,, I am the bagholder ,,, place horizontal line on Dec.23 close .183 ,,, will it continue to hold as support ??? until the price consolidation starts the right side of the cup ??? ... on speculation going into 4th quarter earnings report (probably in early March) ... KISS views ...

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acestocksplayer

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Reply with quote  #75 
RAND GOLD IS LOOKING MORE BULLISH EVERY DAY....

And I heard it said that this stock is sort of a leading edge indicator for the Gold market as it tends to take off higher before other gold stocks get hot....and vice versa, it tends to sell off faster than the regular gold market does....

Today, it continued its bullish advance and cleared the difficult 200 day resistance line...if GOLD is doing well, then expect to watch most gold stocks do well in the next 1 or 2 sessions, I think!

It just so happens to have the symbol for GOLD .However, it is a South African mining company using the gold symbol.

GOLD Daily Chart

[image]

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