It's looking like all the oil dips down are just buy opportunity right now. That is, until we get past memorial day weekend.
I'm calling a top on gold and silver today. Indices are starting to introduce sellers again so looking for a decline there as well. But I'll be buying the dips, I'm overall extremely bullish the US$ and our markets for the next several years. No real bear market will emerge in stocks, imo.
that bearish reversal in gdx was interesting late in the session today, might be setting up for a new down trend? will have to see how it trades for the next few days considering 1 day doesnt make a trend. but its such a familiar pattern when a stock makes a new high then sells off like that. will be watching how it holds up above 22.30, if it breaks that, then watching 21.35.
Yep, very bearish. And both the Dow and Gold have been unable to break prior highs which speaks volumes. Time for a reversal of trend. DJIA ranging 15k-18k for the remainder of the year wouldn't surprise me, tbh. Same for gold except I expect to see sub $1000 prints. Then the bull market can begin in metals but peoples' confidence in central banks must collapse for this to happen.
AAPL can't get above key Fibs either, and has rejected a major one all week. Look for sharp selling the remainder of the week as it enters the $90s again.
Yeah it looks like cool-off period for gold is in order. And I love AG, but it is more than 2x the 200-day moving average. Same for NUGT. Amazingly during this run from January, its SMA 200 was actually falling. Talk about rising from the dead.
Where can you find a source stating that. I still see monday on Earningswhisper... Just wanna make sure I am not blind sided here.
This is all I see in regards to a change of ER date for Apple http://www.bloomberg.com/news/artic...arnings-report-date-to-april-26-one-day-later
Apple delays earnings by a day to accommodate Bill Campbell memorial http://www.cnbc.com/2016/04/20/appl...ay-to-accommodate-bill-campbell-memorial.html
had a nice day trade in labu today, but on the other end i got destroyed in dwti....it looks like oil is doing the same thing the market is doing, screw the shorts, it just wants to go higher, looks like i will be flipping to uwti now.
Same thing trying to buy the oil related stocks. Every time they start to drop, oil drives them back up and the stocks get far away from my entry point. That is the trend right now but that could change direction any time...Looking for a oil trend that is my friend...LOL
