KITCO, says gold will eventually test $864...
Gold demand Q2 up 19%
Gold demand for jewelry Q2 up 29%, from year ago..
Inventory is down 7% year over year...
So if you were thinking of buying GLD for your IRA, buy on the next dip..hold till FEB...
I looked at the Economic calendar for next week, and it's about as nuetral as it gets..
zee
TUES consumer confidence = 104.5 that's HOT..
WED durable goods orders = -neg. 2.5... INTC, WHR..down= buying op..
Thurs GDP = +3.9%...that's HOT...
THE only thing that can really tank the market at this time, in my opinion, are a few well timed profit warnings, from some major players...
companies with really bad negative 30/50 signals..( veiwable on stockcharts 2 month charts) ..these are safe to short sell in the short term... whatever highs they are at now.... if they go 6% higher, in two weeks they will come back down 6% and retest this weeks highs...
PXP,SM,SUN,SWN,TSO,VLO,COG,$XBD,ACS,BSC,COF,
CS,GS,IWM,LEH,JPM,LM,MS,MER,XLF,RKH
FED = SHORT
JPM= SHORT
Ok so I watch too much “007”...tomorrow’s headline today...
Chinese labor forces form Union and go on strike, demanding better working conditions.
Well it is the Law in China now, just passed. So maybe, Hong Kong does another FEB, 07, this week....
keep your eye on overnight ^HSI $hsi
heres link
http://finance.yahoo.com/intlindices?e=asia
10 comments:
What do you mean by "really bad 30/50 signals"?
Hi 5%, catchy name ...
Go to this link, and study the 50 day = red line...the 50 day is in a 30 degree negative slope...thus the short hand name 30/50...It’s a powerful short sell signal....takes one or two experiences to play these. These are some of my readers favorite signals...
http://stockcharts.com/charts/candleglance.php?PXP,X,SM,SUN,BSC,JPM,LM,IWM,xlf,COF|B|B14
zee
PXP,X,SM,SUN,BSC,JPM,LM,IWM,xlf,COF
http://stockcharts.com/charts/candleglance.php?PXP,X,SM,SUN,BSC,JPM,LM,IWM,xlf,COF|B|B14
uh oh
comment section won't post the link....
The link worked. Thanks, I'll watch.
Man! SRS is useless! I should have shorted BZH instead.
Hey Z, I'm eyeing out ZNH for a quick bounce. Entry point around $76.
-gio
gio
ZNH
10 DAY = 75.5 = PROBABLE LOW..
20 DAY = 68.58
I SEE 20 DAY = 68/70...AND i'M IN..
ZEE
ZNH bounced off 75! Looks like we nailed that one. Moved about $10 from that point today. Problem was, I never put in my order.
-gio
Look for accumulation on CSUN.
-gio
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