May 28, 2014

OMINOUS BREAK IN GOLD HAS INVESTORS ON EDGE $GLD $SLV $GDX $GDXJ $NEM $GG

Please click here for the annotated chart.

Gold broke technical supports, shown on the chart, Tuesday, which could have important implications for the short term.

The break is ominous because the support that is now broken was a strong support characterized by a triple bottom. This triple bottom was formed at the end of a down trend that started in March.

On March 14, 2014, I made an unequivocal call to sell/short gold and silver. That call has proven spot on, as it coincided with the exact top in gold as shown on the chart. This was the top of the upswing that started after gold performed a sequence of an exhaustion gap, double bottom, an island, and an island reversal in December 2013 as shown on the chart.… Please click here or the title below to read more.

May 28, 2014

TAKE PARTIAL PROFITS ON UNITED CONTINENTAL HOLDINGS $UAL

This post was just published on ZYX Buy Change Alert.

Consider taking advantage of the strength and taking profits on a 10% tranche in the zone of $45 to $46.53. The stock is at $45.05 as of this writing. After this profit taking only 10% of the full core position size will be left.… Please click here or the title below to read more.

May 28, 2014

TAKE PARTIAL PROFITS ON JD.COM $JD

This post was just published on ZYX Buy Change Alert.

Consider taking profits on a 10% tranche of JD in the zone of $24.68 to $26.73. The stock is trading at $24.91 as of this writing. After this profit taking 20% of the full core position size will be left.… Please click here or the title below to read more.

May 28, 2014

PLENTY OF FUEL FOR APPLE TO ROCKET UP $AAPL $GOOG $MSFT $MS

When a stock is under owned and good news comes, there are plenty of buyers to move the stock up. On the other hand, when a stock is over owned, there aren’t many buyers left to push it higher and even the slightest bit of negative news can push the stock down.

According to Morgan Stanley, the top 100 institutional investors cut their holdings of Apple in the first quarter of 2014. Morgan Stanley also says that Apple is the only large cap technology company with institutional ownership less than its weight in S&P 500.

There are three technology companies, among the top 10 constituents of S&P 500: Apple, Google (GOOG), and Microsoft (MSFT).… Please click here or the title below to read more.

May 28, 2014

A NEW IDEA ON SMITH AND NEPHEW $SNN $SYK $ZMH

This post was just published on ZYX Buy Change Alert.

This is suitable for aggressive investors only.

After the recent buyout by ZMH of Biomet, it makes all the sense in the world for SYK and SNN to merge to stay competitive in the orthopedics business. There was a report this morning that SYK is preparing a bid for SNN. The report has since been refuted.

Any bid will likely be around $100. Consider slowly accumulating SNN in the zone of $75 to $82.50 for a maximum of 40% of the full core position size. The stock is at $81.40 as of this writing. … Please click here or the title below to read more.

May 28, 2014