docibby

docibby

GE is way overbought, I expect a dip to lower levels. I am watching the 30.00 USD area closely.

docibby

NEM is one of the darlings of gold mining stocks, it has seen a phenomenal run-up, but I expect a retracement soon. Tighten stops if you are long, new would-be buyers should wait for a better entry.

docibby

AGU looks even a bit better than MOS. Price has found support at the 92.00USD area and shows continuing demand. Long-term bullish and a good alternative to the crowded Gold bug stocks :-)

docibby

I buy on dips for long-term gains, but short-term we can watch how price behaves at this support area in order to see how big demand really is. I was actually expecting Gold to drop a bit more, if it finds a support this high ( & despite the Commercials short positions ) we could see a move above 1375.00 during the next few weeks.

docibby

After the exaggerated run-up we could see a correction. All the stops have been adjusted higher by buyers, therefore a cascading down move could be quick. Careful if you trade intraday ( thankfully not me ) ! :-)

docibby

Price cleared this major resistance area around 81.00 USD, we could see good long-term gains here.

docibby

I`ll wait a bit and watch how price behaves.

docibby Updated 

Careful with taking intraday trades. In those highly volatile environments I always had the greatest results if one takes a step back and concentrates on the bigger trend.

docibby

On the 8h chart we can see this huge distribution range. Remember market makers never make this easy....if the retail crowd is overwhelmingly bearish then various tactics will be deployed to target stops. In this example I would expect a retracement higher first. Thus traders who went short with the breakout lower will bail out, and the bullish intraday traders...

docibby

Notes on chart. Waiting for weekly closes is best here....I don´t want to buy either, as a long sideways market over the summer is possible.

docibby

The recent up-move in May looks like a correction, and with BREXIT decision time on June 23rd coming, I believe that price could go very risk-averse ( selling due to many Internat. funds and investors taking their money out of UK shares and funds ). Careful with any intraday trades on this Index, it will be getting very volatile. A " Bremain " could very well let...

docibby

Coincides with 0.618 retracement level ( Fibs ). Look at major FX pairs and Gold, a bounce from oversold levels ( US Dollar strength ) could happen to end the week.

docibby

Watching this, as it is important for many tech stocks and XLK.....

docibby

Additionally look for simultaneous weakness in US Indices, they are all highly correlated during this rise off the Feb 11th lows.

docibby

Chart looks bullish as long as price is in this top range. I would prefer to see a deeper correction in PRICE, or a base building range / double bottom etc. in TIME for a more sustainable uptrend. Entering now would mean I trade right in to the supply / sellers zone. For those of you that hold miners, please notice that GDX is touching its 200 MA on the weekly chart.

docibby

My contribution to Wave-Traders educational pattern charts :-) ....We can notice a large broadening wedge ( or some call it megaphone pattern ). Depending on the general market this could correct into the summer months. Lower levels on the chart.

docibby

As long as 16526 holds we might see a bullish move higher. This is for intraday traders, not for me :-)

docibby

Sometimes no trade and preserving cash is best.