July 27, 2014 SPDR Gold (GLD) GLD was one of my winning trades last week with great potential coming up, in my opinion. As you can see on the weekly chart below, you can see that GLD is forming a nice bullish pennant / symmetrical triangle right after the long weeks of downtrending. Another factor to keep in mind is that the CMF indicator on the bottom of the chart, shows that money has been pouring into this ETF while the price action has been consolidating in this pattern. My short term breakout target is $136. Once GLD breaks $130, this will signal ...
July 26, 2014 EBAY Inc. (EBAY) Ebay is a trader's dream stock. Ebay has been in a sideways channel since 2012, hitting the same resistance and support levels - knowing when to go short and when to go long. As you can see below on the chart, you will see the sideways channel which has been consistent for 2 years. Ebay recently has hit the bottom support area and it looks like now is the time to buy. With 6 weeks of Ebay making higher highs, I would wait for a small pullback and I would like to buy Ebay around $51.50. If ...
Facebook (FB) Here is a very interesting analysis that I have found this past week. As you can see below on my FB stock chart, you will notice three boxes highlighting three different periods. What does this mean? Prepared to get shocked! As you can see on the first box, that move, from bottom to top was $29.11 before having a small pullback. Now lets move on to box number two. From bottom to top, the second move was also $29.38 before having a small pullback. Interesting right? Looks like we have a correlation on FB! Finally, lets look at box ...
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