We can see from this chart that price is ready to drop! It has hit a key level of support and bounced off, it has tested this area several times before going higher each time. The last time this level was broken it was a freefall to the bottom.. The next time the drop may be even greater!! Get the sell stops in!
It has no choice.
The Spring season ends within a few weeks. Golden bulls and bears are about to go head to head for season champion. Bulls will surely win next season, but this season is still close. Bears have a chance for a final round comeback. Bulls will try to go for the kill this week with a break out of H(1) wedge, while bears try to extend the match to the larger H(4)...
... for a 2.18/contract credit. Notes: 30-day at 62% with the at-the-money short straddle paying 16.3% of where the stock is trading. Adjusted the strikes slightly over my "Week Ahead" post ... . You know the drill: (a) Take profit at 50% max; (b) Look to adjust on side approaching worthless.
A BULLISH TECHNICAL DEVELOPMENT ON THE 15M JUNIOR GOLD MINERS GDXJ CHART AMEX:GDXJ AMEX:JNUG BMV:JNUG CURRENCYCOM:JNUG CURRENCYCOM:JDST BVL:JNUG BMV:JDST CURRENCYCOM:JDST OANDA:XAUUSD OANDA:XAUCAD AMEX:GDX AMEX:BTG NYSE:AUY BCBA:AUY AMEX:SILV NASDAQ:PAAS AMEX:SGDJ AMEX:SILJ SWB:G2XJ SOIURCE: www.investopedia.com What is a Golden Cross? The golden cross is a...
Ready to load up on the precious metals ? With the protests and riots ongoing now in US over the case of George Floyd, the stock market might take a breather possibly , see post here . I have indicated 3 possible commodities to long; namely : Gold, Silver and Gold miners ETF. You can see the charts are quite similar, so wait for price retracement to support...
Long term I'm definitely a gold bug but I have warned repeatedly about near term risk (which I don't think has completely resolved if I'm honest). The market is euphoric but channels are now becoming apparent and lines are being drawn. It's very possible we have a small bounce in miners with the upper channel limits identified as well as some other possible...
EARNINGS: CHWY (71/85/17.34%)* announces Tuesday after the close. The June 19th 41.5/60 17-delta short strangle pictured here pays 2.55 with break evens wide of the expected move. The similarly delta'd July 17th 39/65 gives you more room to be wrong, but doesn't pay that much more for the wait -- 2.48 at the mid. LULU (36/57/10.01) and PVH (57/85/14.8)...
New wedge has formed which is identical to previous. Gold has too much tailwind to fall too low. So the wedge seems like the best fit. -copied previous wedge price action to the right (in blue) as a possible path forward
The Breakout is confirming as a Trading Range formed with low volumes during the past few weeks. Following a few weeks of low activity, very-large volumes were registered today. Price is heading toward the next Resistance of the upper Ranging Channel at $7.8. This movement could very easily push the price all the way to the next Resistance at $8.0 to a new...
Gold mining stocks have a reputation on promising to deliver big but failing (see 2009-2011). I’ve been following the GDX since 2016 when I first started buying gold miners, and up until 2020, nothing really happened. The miners were in a bear market for 8 years and could not breach the $30 resistance, until April 2020. Does this signal the start of a new bull...
Riding the wave on junior gold miners . Plan details as indicated in chart. Good luck "Patience comes to those who wait." -HANDOFGOLD GDXJ JDST AMEX:JNUG
The head and shoulders trade on the junior gold miners was a textbook example. Our short position target price has been met and the MACD is showing corssover potential on multiple timeframes. We have rotated from short positions to long positions on AMEX:GDXJ AMEX:JNUG "Patience comes to those who wait." -HANDOFGOLD
GDXJ has established a strong upward trend in recent weeks, also recently flipping the long-term ichimoku cloud indicator into the bull camp as junior miners follow the price of gold higher.
EARNINGS: ... with June monthly at-the-money short straddle price as a function of stock price shown: HPQ (38/62), 14.3%: Announces Wednesday before market open. CRM (54/46), 8.7%: Announces Thursday before market open. COST (35/32), 6.5%: Announces Thursday before market open. Notes: Ordinarily, I screen potential earnings announcement volatility contraction...
Perfect short opportunity near term unfolding on GDXJ and JNUG junior gold miner etfs. As you can see, a nested set of opportunities are unfolding with a new target price of $43.5. Expecting this to happen EOB. Good luck traders. Trade at your own risk with appropiate loss mitigation strategy. "Patience comes to those who wait" -HandofGOLD ...
JNUG THE 2X Leveraged Miners ETF have put on a show over past couple weeks with price climbing to the upside. A pullback is now expected. TP 1 $99 TP 2 $90
Looking for initial target of $46.66 on AMEX:GDXJ AMEX:JNUG AMEX:JDST