August 21, 2012

TAKE PARTIAL PROFITS ON JPM

This post was just published on ZYX Buy Change Alert

The position is long with an average price of $34.14. Currently, 15% of the full core position size is being held.

There is no change in our fundamental thesis on JPM. More profits are yet to come. However the market is over bought and in keeping disciplined of our method it is important to book some profits. The plan is to add more at better prices.

What To Do Now?

Those in the position and are large accounts may consider taking profits on a 5% tranche around $38.67.

Those in the position and are small accounts who are holding some cash may consider maintaining the position.… Please click here or the title below to read more.

August 21, 2012

REASON BEHIND GOLD AND SILVER SPIKE

This post was just published on ZYX Buy Change Alert

Momo crowd started buying gold this morning when the dollar weakened against euro. When gold broke out of the resistance, our algorithms show that heavy short covering ensued.

Yesterday we wrote that there was a very, very short-term trading opportunity. That opportunity has now materialized. Congratulations to those who caught on.

Please remember that this is mostly a technical move and not a fundamental move. Those who went long yesterday may consider taking profits on gold right here around $1638 – $1639 and on silver $29.15 – $29.30.

Long-term investors may not participate because the risk continues to be high. … Please click here or the title below to read more.

August 21, 2012

IPHONE 5 FRENZY COULD TAKE APPLE TO $721

iPhone 5 frenzy has caused Apple(AAPL) stock to break out and hit new highs. If the nominal breakout seen so far is successful, what is the next level for Apple stock? One good way to make an estimate is to apply the Adam Theory of Markets.

The Adam Theory of Markets was described by renowned technician Welles Wilder in his 1987 book. Wilder is known for developing Relative Strength Index (RSI), Average Directional Index (ADX), Average True Range (ATR), and Parabolic SAR. Wilder’s famous work is New Concepts In Technical Trading Systems. His 1987 work on Adam Theory is not well known, but applies to the present situation of Apple stock.… Please click here or the title below to read more.

August 21, 2012