Gold Next Price Target: $1400

Gold has broken out and closed above the 1300 level today. If the price of gold continue to move higher, then $1400 could be the nearest potential price target.

In this video, we will take a look at gold and it's EFT, GLD. In addition, we will also review the following gold related ETFs and stocks: GDX, GDXJ, NUGT, JNUG, ABX, AU, AUY, NEM.

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Is There A Bounce Coming ? (8/26/2017)

The stock market is showing some divergence, could a bounce be in the offing? In this stock market update, we will review the stock market indexes, and analyze stocks for trade setup using technical analysis technique.

Stock analyzed: AAPL, FB, NFLX, AMZN, TSLA, TWTR, SPY, QQQ, IWM

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Pin Levels For This Week's OpEx - 8/22/2017

In this live Trading The Price, we will look at the possible pin levels for this week for SPX, SPY, AAPL, FB, NFLX, AMZN, TSLA, GS & TWTR.

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Stock Market Continue To Pull Back - August 19, 2017

The stock market continue to pull back last week. Market breadth indicators are showing sign of deterioration and the Dow Theory is confirming the DJIA pull back. Until we see the stock market showing signs of stabilizing, one should remain cautious. In this stock market update, we will review the price action of the indices and these stocks: AAPL, FB, NFLX, AMZN, TSLA, GLD/GC_F.

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Was That A Stock Market Top?

The stock market record closing streak finally came to an end on August 8, 2017. It ended after the Dow Jones Industrial Average(DJIA) has closed with nine consecutive record close. The end of the record streak did not come quietly. It ended on a day the DJIA and SP500 made an all time intraday high then reversed to close with a loss. Was that a stock market top?

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Has The Stock Market Topped - August 6, 2017

The Dow Jones Industrial Average closed at all time high last week. It has closed at record high level for the last eight consecutive trading sessions. This beg one to ask the question, "Has the stock market topped?" In this stock market update, we will analyze the market price action to get clues to help us answer the question.

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Earnings Analysis On AAPL & TSLA - Trading The Price 8/1/17

In this edition of Trading The Price, we will do a post earnings analysis on AAPL and a pre-earnings analysis on TSLA to identify potential price movement.

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Stock Market Raised Cautionary Flag - 7/29/2017

The stock market has raised a cautionary flag as the month of July is coming to an end. It has flashed warning signs to tell us to be cautious.

In this stock market recap video, we will look at some of those warning signs, and review the following momentum stocks: AAPL FB BABA TSLA GOOGL AMZN NVDA NFLX to see where they might be headed.

In addition, we will take a look at the recent price action in gold and analyze some of the gold miners EFTs ( GDX GDXJ JNUG NUGT) and mining stocks (AU ABX) for potential trade opportunities.

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Still Watching

The market pulled back in the recent week and it appears to be setting up for a possible bounce. As the market waits for the next FOMC interest rate decision, we will continue to watch for a bounce that might lead to a retest of the all time high.

Beware Of The Obvious

There is an obvious price pattern on the price chart for the SPY and the emini SP500 futures. That obvious price pattern is the head & shoulder. Not saying all head & shoulder patterns will fail, but if one put the price pattern within the context of the market breadth indicators, one needs to beware of the obvious! Although there has been a recent minor pullback, but the market indicators on my watch list have not turned negative. If this H&S pattern breaks along with deteriorating market breadth, then the prudent thing to do is to wait for a potential retest of the neckline before considering a move toward the downside. In the meantime, be defensive and be cautious as the market attempts to re-establish a near term direction.

Continuation

The market is still continuing to consolidate for the next potential upward move. In this video, a review of the market's price action and some potential near term moves for these momo stocks: AAPL, FB, AMZN, GOOGL, TSLA, NFLX & TWTR.

A Perfect Storm For The Market?

Next week, some large cap tech stocks are schedule to report their earnings, and the FED is meeting to decide the next move on US interest rate along with lots of economic reports. It could be lining up for a perfect storm for the market to make a big move in either direction.

In this video, we will look at some possible price action for the market and the following momo stocks: AAPL, FB, AMZN, GOOGL, TSLA, NFLX & TWTR.

Which Party Is Responsible?

As the 2016 US Presidential election approaches, Americans are being bombarded with politically biased materials to point finger at the opposing party for the country’s lackluster economic performance, and to compare historically how the US economy performed better under a particular political party. The truth of the matter is both political parties are equally responsible for our country’s mess. There are materials presented to highlight how the stock market had performed better under one political party in power than the other political party. The bottom line is this, “Did either political party made you, your children and your grand children more financially secure for the future?”

If you really love your country, then focus on how to fix our political system instead of laying blames at the opposing party! And don't forget to vote and exercise your rights.

"If you don't vote, you can't complain!"

Here are some views on how both parties are equally responsible for our country’s financial situation.

Mid Week Market & Stocks Update - 4/19/2016

A brief update on the market and these momo stocks: AAPL, FB, AMZN, GOOGL, TSLA, NFLX, TWTR.

Unsettled

The market continues to be unsettled as it is attempting to make a turn. Since the DJI & SPX made a new closing low on Feb 11, 2016 off from their all time closing high, the breadth has been improving. Recently, that improvement appears to have stalled and the breadth started to show some divergence. In addition to a diverging breadth, the non-confirmed recovery high based on the Dow Theory remains unresolved. Until the divergence and the non-confirmation issues are resolved, one should continue to be on the defensive and be very selective on either side of the trade, long or short.

Market Iterates Cautionary Message

Today’s price action in the market might be viewed as dull to some participants, but the message it sent was very informative to the market watchers.

Was It An April Fool And What Just Happened?

Did you see what the market did on April 1, 2016? No, it was not an April fool. It was a positive close with negative breadth. You might ask what does that mean. Well, if you have been following and/or trading the market for the last couple of weeks, then you have already experienced it; the pullback. Before April 1st, there was a non-confirmed Dow Theory recovery high on March 29, and that was the first message the market sent out to alert us to be cautious. When the positive close with negative breadth occurred on April 1, the market told us to be prepared for pullback. Since April 1, the market had a mild pullback with the SP500 losing 30.79 points or 1.48% on a closing basis and negative for the year, while the DJI lost 236.34 points or 1.3% but remains positive for the year.

Nothing Is New!

The market continues to climb higher as many market participants continue to ponder on when it will rollover and experience a sizeable correction to remove the excess. Many have put forth technical corollaries to point out the similarities from the past and the consequences it might hold. Numerous price derivative indicators highlighting excessive overbought have been published to support the cries for a correction from these market participants.

Back In Sync

Yesterday I warned about the negative divergence that the market has been displaying for the last couple of trading sessions, and this negative divergence needs to be resolved or another extended pullback such as the one we have experienced from May 19, 2015 to February 11, 2016 could appear.

Caution!

The market has been holding on to a negative divergence in the last couple trading sessions. Today, the market sent a non-confirmed recovery high with negative breadth message to warn of potential change in direction. Until this divergence has dissipated, be very cautious on overly extended toward the long side. If this negative divergence does not get resolved soon, be prepared for a possible extended downward move. Last time the market sent out this similar message was on May 19, 2015, and the Dow Jones Industrial did not see a higher high since and only on February 11, 2016 when the Dow Jones Industrial put in a non-confirmed low to start this recent rally. Will today’s message result in a similar outcome as the May 19, 2015? We just have to wait and see.

Just a reminder, tomorrow the FOMC will announce its latest decision on interest rate, and Chairwoman Yellen will hold a press conference after the FOMC meeting. Beware of potential increase in volatility!