Massive level of shorter-term, medium-term (weekly) and long-long-term support (monthly).
MACD is turning up.
Gold flushed down through 1200 last week and turned back up this week, perhaps worthy of a rally from here.
Buy some steadily through the next week. Then hold for a 3 range rally with a 3 range stop.
Tim 3:55PM EST 10/6/2014 23.21 last +0.50 (+2.2%)
Massive level of shorter-term, medium-term (weekly) and long-long-term support (monthly).
MACD is turning up.
Gold flushed down through 1200 last week and turned back up this week, perhaps worthy of a rally from here.
Buy some steadily through the next week. Then hold for a 3 range rally with a 3 range stop.
Tim 3:55PM EST 10/6/2014 23.21 last +0.50 (+2.2%)
Yesterday, Newmont Mining Corp (NYSE:NEM) filled an important gap on the charts, and came into an important trend line of support. As of late gold prices have been falling dramatically, dragging miners down with it. However, the metal as well as many of the leading miners, including Newmont Mining Corp (NYSE:NEM) are starting to set up for possible short term...
You will see this base across many gold related stocks including the miners. Looking for a continued move higher out of the base. Will most likely use the daily stochastics to time exit. If we cross back down on the daily stochs I am out . also Like the GLD, and holding GLD
NEM is gyrating nicely between Key Hidden Levels and missed by just 4c on the recent pullback to 25.79 on Monday (missing the 25.75 Key Level).
Key Hidden Levels, I believe, are good for a year beyond the date that they occurred and provide a strong "market-memory-level" that stops a stock in its tracks as it runs into familiar levels that bring traders and...
The Newmont share (NEM) Daily Diagram Technical Analysis Training shows the following:
The NEM has made a sharply uptrend development above the KUMO cloud last 3 days breaching the downtrend channel (the handle of the cup). The weekly diagram is bullish and monthly too.
So the first think in mind is that NEM has tested again the 25.90 and today is a critical...
Gold and Gold stocks continue to disappoint those who want to see something go UP (other than Bonds) when there is turmoil, war and economic unrest in the world. Looking at the chart, you can see how the price of gold and lead and lag the chart of NEM by a little. The bullish pennant that NEM is forming here is being held back by the chart of gold. Each time...
We need an entire day above the "max time" level mentioned on the chart for a 16-day rally towards $28/sh.
Earnings are due in 7 days, so be mindful of that. If you can't accept a major move against you, then don't take this trade.
If the buy signal triggers, then we can look for a rally for 16 days that could carry up to the measurement from the low up to...
NEM has nearly reached the conservative target for the move out of the 13-day accumulation area.
A more aggressive 27.40 target still stands and there is plenty of time left in the 13-day pattern.
If you are already long, stops can be raised to breakeven.
It is tempting to take some off the table given the decent return in a short period of time.
10:27AM EST,...
Risk 3% on the pair.
Target 10% return.
If the spread closes then the maximum gain is 21%.
The next step is to plot the ratio graph of these two (NEM/GDX) and make sure that is turning up.
I like the way NEM is acting here relative to the group and to the stock market.
Go long NEM and go short GDX. The profit is in the performance difference between the...
The chart is showing us that NEM has tried to base a number of times and all have failed. Each time there was a different pattern. This time we have a nice head&shoulders bottom formation.
I have noted key levels with the blue rays across the chart emanating from the price points that I think are important.
The risk-reward ratio here seems solid given the...
The Second in a series of 12 stocks leading up to Christmas. These are pure HPS set ups and I will personally take each set up when and if it triggers. You can follow along on www.daytradingradio.com live everyday from 8;00am-4;00pm et
Remember this is a buy on a break above 23.50
You could also substitute the GLD etf as they should move together (GLD a little stronger)
