Showing posts with label Commodities. Show all posts
Showing posts with label Commodities. Show all posts
Tuesday, March 8, 2011
Thursday, February 24, 2011
Look Out Precious Metals Bugs, Reliable Lead Indicator NEM Fell Out of Bed Today
Look Out My Fellow Precious Metals Bugs, Reliable Lead Indicator NEM (see one year Lead Indicator chart at http://finance.yahoo.com/q/ta?s=GDX&t=1y&l=off&z=l&q=c&p=v&a=w14,w14,w14,fs&c=nem,gld,slv) Fell Out of Bed Today 2-24-11, see http://stockcharts.com/freecharts/gallery.html?s=nem.
Saturday, January 29, 2011
One Year NEM Lead Indicator is Extremely Bearish for Precious Metals & Rare Earth Sectors
The One Year NEM Lead Indicator is Extremely Bearish for the Precious Metals and Rare Earth Resource Sectors, see http://finance.yahoo.com/q/ta?s=GDXJ&t=1y&l=off&z=l&q=c&p=v&a=fs,fs,fs,w14&c=nem,remx,slv.
For the foreseeable future I'll probably be looking to trade (day trading and maybe also short term trading) Silver UltraShort using the ZSL ETF (UltraShort Basic Materials ETF SMN is another possibility). Once the rare earth stocks like MCP, REE, AVL, SHZ, CHGS, etc put in an Intermediate Term Cycle Low my main focus will probably be to day trade and short term trade them.
Monday, January 24, 2011
Friday, January 21, 2011
Thursday, January 13, 2011
Friday, January 7, 2011
Thursday, December 30, 2010
Major Holders of Rare Earth Stock Molycorp (MCP)
Major Holders of Rare Earth Stock Molycorp (MCP, http://stockcharts.com/freecharts/gallery.html?s=mcp), see http://finance.yahoo.com/q/mh?s=MCP+Major+Holders. There's something to the rare earth resources phenomenon.
Tuesday, November 23, 2010
Tuesday, November 9, 2010
Friday, October 29, 2010
Rare Element Resources (REE) Elliott Wave
Rare Element Resources (REE) Elliott Wave: REE put in a Monthly Cycle High at 14 yesterday 10-28-10 versus an early October 7.02 Monthly Cycle Low, see http://stockcharts.com/charts/gallery.html?s=ree.
Wave A Down of REE's Monthly Downcycle bottomed just after today's open at 10.31, see http://finance.yahoo.com/q/ta?t=5d&l=on&z=l&q=c&p=v&a=ss&c=&s=ree. Note that Wave A Down did the usual inverse Elliott Wave 12345 down up down up down pattern.
The anemic counter trend Wave B Up of REE's Monthly Downcycle probably peaked late today 10-29-10 at 11.69, see http://finance.yahoo.com/q/ta?t=5d&l=on&z=l&q=c&p=v&a=ss&c=&s=ree. Waves 1 and 3 of the counter trend Wave B Up move occurred very early on, as REE filled the 11.30 upside gap/magnet from the open.
A likely scenario as to when the final Wave C of REE's Monthly Downcycle will bottom is shortly after filling the 10.11 downside gap/magnet, since the next downside gap/magnet isn't until 7.65 (more at 6.70, 5.83, 5.03, 4.55, 4.44, 3.77, 2.80, 2.54, 2.22, 2.03, 1.96, 1.80, there are probably more downside gaps below 1.80).
Obviously, REE is so volatile right now that one can't rule out that the 7.65 downside gap/magnet and possibly others get filled in this Monthly Downcycle (since peaking at 14 yesterday 10-28-10), but, the distance between the 10.11 gap/magnet and 7.65 is large enough, and, REE already experienced a huge decline in Wave A (from 14 to 10.31), that a Monthly Cycle Low target of 9 to 10, possibly being hit on Monday (seems likely), seems logical and reasonable.
The target range must be wide, because, REE is so volatile now. I'll be looking to day trade REE (and maybe MCP) on Monday, if I'm convinced that a Monthly Cycle Low has occurred. Hopefully, a major volume spike will occur as REE bottoms, to confirm the Monthly Cycle Low. Ciao
Monday, October 11, 2010
Thursday, August 5, 2010
Sunday, July 25, 2010
Friday, June 18, 2010
Wednesday, June 16, 2010
Friday, June 11, 2010
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