Mirror Mirror On The Wall

Here is a look at some chart patterns in a slightly different perspective.

Taking Advantage

As the market continues to pull back, wait for the market to tell you it is safe to re-enter longs. Do not try to take advantage of this pull back by being a hero and go bargain hunting. The bargains you find could turn out to be a much better bargain if the pull back turns into a major correction.

Stocks Pulled Back

Last Thursday, many stocks that have run up show some sign of upside exhaustion. Therefore, today's pull back/consolidation on many of those stocks should not be unexpected or surprising. The market ended down modestly. Although there are stocks making extraordinary gains such as those in the fuel cell sector and the biotech sector, one should not get into an emotional chase mode after these price move. More importantly, don't be greedy if you caught one of those trades.

Setting Up

After a huge run up since last Monday sell off, the market appears to be setting up for another pull back to digest the recent gains. Lot of stocks were showing short term upside exhaustion on Thursday. The prudent thing to do is to set the stops to protect the profits and prevent turning a winning trade into a losing trade. The market has not indicated it has made a top yet. Therefore, one should not be tempted to short this market when the pull back materializes.

Too Much Too Fast

Today the market opened with some strength but unable to really build on that opening strength. Similarly with many stocks, lot of them pulled back from their high of the day (HOD) and many of them even went below their opening price. It appears the recent run up is too much and too fast, and that made it very tempting for those that bought it at lower prices to take profits.

Gold And 3D Printers - 2/23/2014

The precious metals have been rallying from their recent bottom, and they appear to be setting up for further upside. The 3D printer segment got hit fairly hard during the recent pull back and now it appears to be making a comeback.

Changes Are Coming

As speculative spirit getting into high gear chasing those speculative hot stocks; low price biotech and China IPOs, the market continues it progression toward its topping phase. As the trend of the market changes, so will the macro picture.

MOMO Stocks In Review - 10/5/2013

The market continues to chop around while the clown show in DC plays on. Shorts are being punished as they continue to try to go against the trend by shorting those strong trending stocks such as TSLA, NFLX and FB. Until the trend has changed for these stocks, it is best to simply move aside and watch. And for those that are waiting to buy the dip, their patience are being tested and when these waiting to buy the dip start to buy at any cost, that is when the shorts should get ready. Until then, traders should simply maintain their positions and protect their gains.

GLD, SLV & Market Review - 9/21/2013

After the market made a new all time high last Wednesday, a little consolidation came in while the market re-align itself due to the shuffling of the DJIA component and the rebalancing of SP500.

Gold & silver gave back most of their gains from the Fed no tapering announcement. They need to be able to hold support and bounce off the 50% Fib retracement in order to move higher. Otherwise, they could be headed down to retest the June low.

Stocks To Watch - 9/9/2013

The coal sector was highlighted in this post and they seem to be lighting up recently, here are some of the stocks in this sector that might be of an interest: WLT, ANR, CLF. In addition, casino stocks are breaking out as well and appear to be heading higher, stock such as MGM, WYNN, LVS, and CZR. After bouncing off the June low, gold & silver appear to be taking a breather, but the price action indicates there could be further upside to come. Keep an eye on GLD & SLV.

A Sudden Turnaround

The market was showing some strength in the early morning trading with many stocks surging higher. Then near mid-day and early afternoon, the market started to show some sign of stalling and many stocks beginning to give back majority of their morning gains.

Stocks To Watch - 8/25/2013

Here are some of the stocks & ETF that could move higher in the coming week: CHK SLV GLD MGM TSLA KKD FB GMCR CELG NFLX AAPL GOOG GS BAC.

Gold & Glitter

Since gold put in a closing low of 1212.30 on 6/27/13 and tested with a slightly higher closing low of 1213.40 on 7/5/13 in the futures market, it has been trending up toward 1350.

Market Pulled Back

After CSCO announced its earnings and the pending layoff of 4000 people, the market sold off. From yesterday's review, the market breadth is indicating a pull back is imminent.

Here is a look at the market and what to expect next.

Silvery Bounce

After the precious metals made their low in June, they been grinding back up to the mid-June price gap. The silver ETF, SLV is also trying to break above the 19.80 level and possibly move up toward filling the June price gap.

Golden Moment Again?

From the recent price actions in gold, silver and some of the mining stocks, it appears the precious metals might be setting up for a bounce after the recent turbulent drop.

Here is a video reviewing the recent price actions and some of the possible upside price targets and breakout levels.

Video Posted During The Weekend of 9/8/2012

Here are a few video posted during this weekend on the market and some stocks to watch.

If you do not see a video player on your screen, click here to watch the video.

Some stocks to watch IBM GLD SLV GS MS JPM ANF CHRW R



AAPL and the market continue to moving higher. SPX NDX DJI RUT



Video update price targets analysis for JNPR



CMG shorts being squeezed?



Some price targets for BAC and GS

Market Hit New High

Here is a video review of the market hitting new 52 weeks high



and another video reviewing AAPL and other stocks.

Market Show Sign Of Pull Back

The market is showing sign this uptrend is due for a rest. The SP500 and Nasdaq 100 printed a bearish outside day (engulfing candle). In addition, AAPL IBM GS and many other stocks are showing exhaustion to the upside. But, gold and silver are breaking out.

Here are the video highlighting today's price actions and the possible support levels.

Click on the title to view the video if you do not see a video player on your screen.

Market Review & Outlook - 8/20/2012

Here is a video reviewing the indices and some of the market moving stocks: AAPL GOOG AMZN IBM GS MS JPM MU NVDA SNDK GLD SLV