via StockCharts.com
QCOR : May consolidate in a range $29-$32.
Wednesday, August 17, 2011
MAKO - Hitting critical resistance. Intersect of upper & lower trend lines.
MAKO - Daily Candlesticks:
. Mako hitting critical resistance at $32.60 .
. May bounce off resistance, consolidate before moving higher
via StockCharts.com
Overview. Mako hitting critical resistance at $32.60 .
. May bounce off resistance, consolidate before moving higher
Tuesday, August 16, 2011
Is Gold Overvalued ? Or Gold Stocks Undervalued ?
The Gold and Gold stock Phenomenon :
While Spot Gold has been on a tear. Gold Stocks has been a laggard.
The question remains is Spot Gold over valued and Gold Stocks under valued
or vise versa ??
With Gold Stock lagging behind, is there casue for concern that spot Gold is oushed up
by speculative funds or hedge funds that genuinely has no where else to go ?
http://www.streetauthority.com/energy-commodities/simple-chart-says-gold-stocks-could-soar-458504
Technicals of GDX :
Monthly Chart :
. Double Top
. Bearish Divergence on Price/Stochs
. Prices out of Trend Channel.
My take is that Gold is too feverishly hyped out and will correct deeply.
While Gold Stock is actually reflecting the real value of Gold instead !
I am taking the side of Soros who allegedly sold his Gold ETFs.
While the rest of the Gold bugs are just plain lucky.
While Spot Gold has been on a tear. Gold Stocks has been a laggard.
The question remains is Spot Gold over valued and Gold Stocks under valued
or vise versa ??
With Gold Stock lagging behind, is there casue for concern that spot Gold is oushed up
by speculative funds or hedge funds that genuinely has no where else to go ?
http://www.streetauthority.com/energy-commodities/simple-chart-says-gold-stocks-could-soar-458504
Technicals of GDX :
Monthly Chart :
. Double Top
. Bearish Divergence on Price/Stochs
. Prices out of Trend Channel.
My take is that Gold is too feverishly hyped out and will correct deeply.
While Gold Stock is actually reflecting the real value of Gold instead !
I am taking the side of Soros who allegedly sold his Gold ETFs.
While the rest of the Gold bugs are just plain lucky.
So I expect Gold Stocks and its ETF equivalent to correct with Spot Gold.
Instead of playing catch up ....
BIDU - 1hr chart - Long for prices to fill gap.
BIDU - 60 min Candlesticks: "
via StockCharts.com"
Overview :
I am maintaining a medium term bearish view. Having said that in the Near Term,
expect prices to correct upwward to fill a gap left by $142.5. Current price at $136.92.
Strategy
. Go long on a Near term to Intraday punt for price to fill gap.
. In the medium term expect bearish sentiment to resume. Unless proven otherwise !!
Technicals :
. 60minute chart
. Slow and fast Stochs are O/S
. Broke out of mini trend channel
RIO - Bearish Structure : 60min - Stochs O/B, Fall out of Triangle.
RIO - 60 min Candlesticks: "
via StockCharts.com"
RIO : Rio Tinto : Chart Update on Market open
Current Resistance : $62
Prices break out of Triangular Consolidation.
Watching to see if Bears will hold the ground to go short
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