Mining For Gold - 1/13/2018

In this Trading The Price, we will review the precious metals/gold mining stocks, and analyze them for trade setup using technical analysis technique.

Click here to view the video.

Mirror Mirror On The Wall

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

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.

Looking The Other Way

Today, one simply need to look the other way and pretty much ignore in most part what the market indices are doing. The larger time frame trend for the market still pointing up, while the shorter time frame appear to be indecisive (correction or reversal?). Under the current market environment, it is very difficult to play the trend. You do not want to go aggressive long, and definitely do not want to short the market until it has clearly display the trend is down. Therefore, one must resort to be a stock picker and play the stocks that are showing strength.

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.

Weekend Posting - 7/28/2013

Here are couple of pharma stocks that could have possible upside in the near term: LLY & PFE

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.