JamesPowell

JamesPowell

price crossed a long held support area Made small consolidation prior to doing so Consolidated prior to European open Dropped precipitously on or near the London open I've outlined what I believe to be the nearest supply zone and when and if price returns to that price level it will once again be met with huge selling that will push price back down again.

JamesPowell

enter at 15.51 stop at 15.20 exit 17.5 using leaps

JamesPowell

I personally cant tell a Democrat from a Republican. I can tell the USD don't care who is screwing its american working public at any given time. It is my opinion that it doesn't matter who you vote for. Like the USD, about all a vote gets you is a ticket to gripe. I wonder what would happen if we do not vote at all. Would they just all go home? They all need...

JamesPowell

USD still worth about a quarter any way you slice it...dollar back at the top, again, of what's closing in on a three year range. Will break out to the upside and if it does will it gain any value down at the consumers level. My view is that it is only more expensive but it's purchasing powere is weaker than ever. I'll remain neutral until I see an actual...

JamesPowell

S&P in another tight consolidation pretty much identical to the one highlighted below current price. The last one broke out to the upside and we got a nice retrace and bounce to where we are now. I remain neutral at this point until the breakout. The devil is in the details right. The lower zone gave us a good down day followed by two up days then another down...

JamesPowell

back to basic support and resistance...the dotted lines represent prior resistance and if and when price comes back it should make for some good support, at least for a little while.

JamesPowell

This is just extreamly interesting to me. The way i see it is gold at $1000ish and yen at $110ish. Wouldn't that be funny. This was supposed to be two charts, one of the usdpy and the other of the xauusd. Apparently i cant publish them like that. You will have to do it yourself to get the full effect.

JamesPowell

The silver chart looks pretty much like the gold chart. There are levels below current price that will likely cause some bounces but as in gold i don't see any major support until about $8 bucks. I have no clue why folks are leaving gold and silver but it is what it is as the saying goes. Play what is real not what you feel right? The reason there are lower highs...

JamesPowell

S&P has been in a range since 1997. Range represented by upper and lower green lines. Black dotted lines represent return to the breakout zone. Some play the breakout itself and in 2013 that was a good bet. Obviously 2007 didn't work out so well and neither did 2009. 2013 though there were lots of buyers and if we simply give any credence to the old adage that old...

JamesPowell

smacked this for a home run Thursday for short term play. fouled out Friday for small loss. There is a lesson here though, I was watching the S&P chart yesterday along with this one and SYMC. I was in profit on both trades and got out of SYMC with a nice little profit. The S&P started backing up and i should have got out of this one with a profit as well. Instead...

JamesPowell

a friend asked me about this one. The spread is to big for me but i believe it a big short play at $37.40 with a stop at $37.77 and a target down around $30.20

JamesPowell

JCP been around quite some time and has been beaten down pretty bad. Some folks are betting it will be the next HPQ come back story. It very well may be but there is a big difference between the two and that is the media. Folks like Jim Cramer were beating up up HPQ and yelling sell, sell, sell all over the place. Here with JCP folks are saying buy, buy, buy it...

JamesPowell

I got stopped out of Ciena on a similar setup so i am going with the lower level this time. If and when price gets back down to $19.62 i'd be a buyer with a stop at $19.35 and a target of $22.17 My logic is to always look for the origin of a move. If the origin has not been revisited i believe it is worth a risk so i will place a bet.

JamesPowell

Ill take another stab at this one. I was stopped out at $23 already but believe it has a lot of interest behind it. Ill be a buyer again at $22.75 with a stop at $22.50 and a target of $30 bucks. My logic is again the origin of a move. There was lots of interest at this area before and i believe there is likely to still be some buy orders if and when price comes...

JamesPowell

The origin of the most recent price move was around $11.38. I will be a buyer at that price with a stop at $11.28 and a target at $12.95. My logic is there was a lot of buy orders at that price and i am betting there will be some left if and when price gets back there.