The gold miners have been totally decimated in the past 6 months. The ETF is down from around 55 in Sept 2012 to 37 today, a 35% drop for the sector. Meanwhile, gold and silver …
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Netflix is not a stock for the faint of heart. Lest you needed any evidence, here is the 3 year weekly chart: So a move from 75 to 300 in less than 18 months, and …
Continue readingBank of America has been a trader’s dream and an investor’s nightmare over the past 4 years. The stock has had 3 separate instances where it has doubled or nearly doubled in that period, but …
Continue readingI have been disappointed by the bounce in AAPL in the last 2 days. The market is up almost 2% from its Thursday lows, close to its highs of the year, and AAPL could only …
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I’ve been waiting patiently for a good long entry in AAPL for a TRADE, not an investment, and I think we’ve finally reached that point. I was on CNBC’s Halftime Report yesterday, and when I …
Continue readingBespoke Investment Group had another well-timed chart this morning, focusing on FB short interest since the stock’s IPO. The chart shows the recent drop in FB short interest to its lowest level of the year …
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Why was AAPL down 6.5%? What was the cause of it? Who was selling? Why were they selling? Was it temporary? I heard all of these questions and more yesterday. It’s natural for traders to …
Continue readingTrade Update Oct. 17th, 11:07 AM: This is a quick exit for me on this short put spread in GDX (initiated it on Monday), but there are a couple aspects of price action that are …
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First, some quick thoughts on why long GDX came to mind this morning when I was thinking of potential trades: Next FOMC meeting is on Oct. 24th. Since QE3 has already been announced, I expect …
Continue readingI look at hundreds of charts each day. I’ve always viewed the charts as studies of market psychology. What were speculators thinking at a certain important level in the past, and what got them to …
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