The Apple (AAPL) stock chart has traced the dreaded head-and-shoulders pattern. This is a well-known and well-followed reversal pattern in traditional technical analysis. As shown on the chart, the pattern consists of a left shoulder, a head, and a right shoulder. In Apple, the left shoulder was formed when the price pulled
There is no shortage of absurdities in our world. In the first presidential debate last week, Gov. Mitt Romney added two more. “I like coal. I’m going to make sure we continue to burn clean coal. People in the coal industry feel like it’s getting crushed by your policies,” Romney
(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers.) GREAT NEWS FOR AMERICAN ECONOMY MAYBE BAD NEWS FOR GOLD, BONDS, AND STOCKS October 5, 2012 The just released employment data from the U.S. Department of
During the presidential debate on Wednesday in Denver, every time Gov. Mitt Romney seemed to score a point on President Barack Obama, gold futures ticked higher. At points when Obama seemed to be recovering, gold futures ticked down. As the debate ended and gurus, even on MSNBC, started proclaiming Romney the winner
This post was just published on ZYX Short Sell Change Consider adding a 10% tranche to SLV right here around $33.75. Futures EQ is $34.82. Stop zone on this tranche only is $35.27 to $35.63.
Gold is running on the Romney debate win as the momentum (momo) crowd is getting excited and aggressively buying. The momo crowd favors Romney. The logic be damned. It is indisputable, in my opinion, that a Romney win is bad for gold and silver. Why is that? Romney has clearly
This post was just published on ZYX Buy Change THC is a hospital chain that will benefit if Obama wins but will be hurt if Romney wins. Partial profits have already been taken on 30% of the position. The plan is to continue to steadily take partial profits unless the political
This post was just published on ZYX Buy Change SYMBOL SMART MONEY BUYING IN MILLIONS OF $ SMART MONEY SELLING IN MILLIONS OF $ GLD 22.41 SLV 6.32 ABX 12.21 NEM 8.35 GDX 20.56 GDXJ 6.23 GG 4.24 SLW 0.77 PAAS 1.23 CDE 1.39 Smart Money in our parlance is the
This post was just published on ZYX Buy Change Consider taking partial profits on a 10% tranche on THC in the zone of $6 to $6.50 in view of strong performance by Romney in the debate.
I receive a large number of emails, many of which are showing that some Apple AAPL investors are becoming anxious. Who can blame them? The stock market continues to go up, but Apple stock continues to underperform. The price action in Apple yesterday was especially negative. Relax, all is well! As