CERC can target 6.5 in the short term as ATM close shows strength.
Will FNMA make the portfolio great again? The potential is yuge!
ERX breakout is promising a move to 68-70 if the promise of measure move is fulfilled.
OPEC oil cut agreement bodes well for companies like $CHK. Can target 14 in the fullness of time
$NUGT appears to be oversold as $USD went on a tear after elections.
KEM has overcome the first resistance with RSI monthly breakout in the strong metals sector as US economy starts to gather steam and infrastructure plays get attention.
Imminent breakout targeting 50.
IWM has been under pressure since beginning of July. The chart shown 3 drives down,, a penetration of earlier support and then a quick rebound on 8/12. Volume on strong up days shows accumulation. Oscillators show divergence to price. I am biased long with a stop at 117.
PM futures, GC_F, SI_F, are strong in the early going. Gold and silver miners have been decimated over the last 4 years, $JNUG and $NUGT offer low risk and high returns in the near future. Targets as shown in the chart for $JNUG.
Interesting outside week developed in NG. Found support at weekly lower BB. Target 2.95 and further 3.2, especially when downtrend line 1 is taken out.
Support at 107.5 and then at 105.
When it breaks the trend support line. MACD and MA supports analysis.
08:45 am:Futures reversed strongly after FOMC minutes. Yellen removed ‘patience” from the minutes and dropped significance of employment rate to decision on Fed funds rate. USD dropped and markets took off, reversing a 128 point drop at 2pm to a 200 pints rally to the day’s end to 4pm. These extreme swings in the Forex markets will have is causing tectonic...