With VIX at sub-12 levels, broad market implied volatility is low here, and a basic screen run for high implied volatility rank/high implied volatility yields few high quality results. Here's what I'm looking at ... . SPY et al (Broad Market) The first expiry with greater than 15% implied volatility for SPY is in the June expiry. The most I like to go out with...
Big cup and handle pattern on GDXJ. Trade at your own risk!
We broke and backtested the 50 day SMA, so the 100 day is now the magnet and TP 1. Invalidate with consecutive daily closes below 50 day
Overnight, we had descending wedge on 15 min. There were 3 key buy signals: 1. wedge broke with closing price above trendline 2. RSI divergence confirmation (price 3 lower lows, rsi 3 higher lows and a higher high as confirmation circled) 3. stoch cross and bounce from oversold - circled Invalidate this call with move below channel - currently 1192
for those who follow cycles, here is my chart of the gold miners cycle. this chart forecasts that as of 1/12/2017 we are due for a miners cycle low in the second part of january 2017. this cycle will give us hints as to the Trend of gold. The current Daily cycle looks right translated (the high is in the second half of the cycle) and has gone higher than...
UJ continues to consolidate. Eventually will break 115 and target is 113.5-114 Invalidate if daily close above sma9 Gold is highly correlated to UJ right now, so gold should move higher as UJ heads south.
Ascending triangle nearing trendline. Should pop higher tomorrow. Invalidate with consecutive hourly closes below trendline
Gold Daily Chart This is important enough to get its own post. Earlier post still applies as you will see. I was reviewing some of the materials that others have written about cycles and gold and I think I found something that could prove to be very important. Since I cant post the chart I want to reference, I would like you to google search for it on your...
A creature of habit, I always sell the 20 delta when selling naked puts or setting up strangles/iron condors. Some traders like selling the 16's; some, the 30's; so I'm kind of "in between" ... . Here, I show an example of a setup where I'm selling the 20 delta call (at whatever strike it lies), the 20 delta put (at whatever strike it lies), and buying the 10...
Spot God Daily Chart What a run! So I am currently having a dilemma. How much higher do we go? I am pretty sure that tomorrow is a miss on the jobs report. I am estimating 155,00 - 160,000. I came up with that estimate after using and reading a report written today on seeking alpha. That report has two bar charts. You can see where I came up with that...
Clear bull flag break and bull kicker candle. Target is 24-25 where SMA 100 and 200 will provide resistance invalidate if daily close below today's open @ 22.36
Need to break 7-7.20 area, but if we do, targets of 8-8.60 and 10-10.5 Invalidate if break below 5.50
Despite suddenly emerged market's optimism I'm expecting drop in gold, if only FOMC minutes would be dovish.
Gold Daily Chart first I decided to start off with the Spot gold chart first this time. I do not believe that gold is finished going down yet. Im talking about maybe one more day down. The reason I am thinking this is that we are, in my opinion, in a wave 4 correction.. If the wave 2 correction retrace approx. 61% then this correction should be around 38%. ...
Short until gold drops to 1152, then switching to Long on the bounce. If gold doesn't break out of the handle around 1156, switching to Short. Short until I see a bounce off of support around 1147... If this happens i'll switch to long one last time.
Just thought I would post this. Today Jnug stopped at exactly the high from a few sessions ago. And there is a little gap below. I am wondering if this will turn out to be a cup and handle formation with Jnug pulling back for the next couple days or so. At least to fill the gap down to $4.31. GL
Daily Chart I think that we possibly bottomed (for the short term) for Jnug on the 20th. That would be a little over 30 days to end another left translated cycle. I think we could possibly get close to retesting the $3.80 level before starting a little two week pop. Evan though this does not look like a big move on the chart, It is actually quite a bit. IF...