August 22, 2012

SMART MONEY IN GOLD, SILVER, AND MINERS

This post was just published on ZYX Buy Change Alert

Smart Money actions in silver and miners were especially interesting today. For the first time in weeks, Smart Money was buying gold in size before release of the FOMC minutes. After release of the FOMC minutes, when gold crossed $1652 Smart Money was aggressively selling, but the net for the day was the biggest buying seen in weeks.

Smart Money was a consistent seller of silver.

Smart Money was a heavy buyer of ABX, NEM, GDX, GDXJ, GG, SLW, PAAS, and CDE before the FOMC release, as miners moved higher, Smart Money was aggressively selling.… Please click here or the title below to read more.

August 22, 2012

APPLE SPOILS MARKET’S PARTY

Some stocks have been partying like it is 1999. The frenzy over iPhone 5 has turned into a mania. The rest of the market has been “melting up” (in the words of a fellow Trading Deck contributor) on hopes that central banks will do more.

There is an old saying, “Forewarned is forearmed.” The technical patterns traced Tuesday show that this stock market is heavily dependent on the performance of Apple AAPL stock.

The chart below compares Apple with Nasdaq 100 futures on a one-minute time frame.

In the morning, Apple was going up, and the market followed. Then Apple started tanking, the market also tanked.… Please click here or the title below to read more.

August 22, 2012

APPLE’S SECRET WEAPON TO KILL ADS AND DOMINATE TV

Apple dominates music players, online music, smart phones and tablet computers. Steve Jobs’ dream was to dominate the TV business, too.

There is no shortage of speculation, rumor or innuendo about iTV. Since I am in the business of detecting change before the crowd and building positions in stocks before Wall Street catches on, I carefully study the rumors. However, until recently I did not find anything in the rumor mill that will help Apple dominate the TV business in the same way it dominates other businesses.

I keep coming back to the following statement Tim Cook made to his shareholders earlier this year,

You can be assured we are working as hard as ever this year to deliver an incredible year and some products that will blow your mind.

… Please click here or the title below to read more.

August 22, 2012

QE3 ON TRACK, GOLD AND STOCKS SPIKE, DOLLAR SLUMPS

This post was just published on ZYX Buy Change Alert

Our read of the FOMC statement is that QE3 is on track. Many FOMC members favor easing soon as they seem to be focused on high unemployment.

As a result of the statement, stocks are spiking up, bonds became stronger and dollar slumped.

Most notable is the initial spike in gold to $1646.75. This is notable because gold broke through heavy resistance at $1640 – $1642. The next big resistance is $1672 – $1675.

Caution: FOMC minutes are released to the public after considerable delay. The economic data that we have been writing about in our morning capsules since the last Fed meeting has been strong. … Please click here or the title below to read more.

August 22, 2012