You can see my previous thoughts on GOLD, but if we break 2k GOLD/OZ there will be a big push up here. Will be entering varied durations this week, covered options, hedging for more appreciation with strangles.
Although it appears that it will continue lower to 1810 region if there is no break of the neckline. I am accumulating the whole way. ALH coming big time.
Ford at 9.50 is a very good value play for short term or long term. Either way I see a run up to the 15$ level and a pull back or chop back up to the high levels it was previously. I have been building a position with profits from the last week.
Rally back to 45$ is a 70%/30% with the bull flag. Five counts to the downside, potentially three more counts down or stabilize. Bull flag, and nice bull pendant on the daily forming today as it bounced perfectly off resistance.
I believe the charts don't lie but man is the economy f-d right now. interesting to see how this plays out.
MACD 200/50 cross over confirms bullish divergence. 32% in divided EPS released pre-date almost two weeks ago, fell more than crossed over. C/P Volume divergeed into call teritory as we have climbed five days one candle above previous daily close. Entered this afternoon @21.57
Due to regional beatdown, some winners and some losers. This is a very interesting play.