GDX Back Test? Before continuing trek up…Keep shorts on a short leash…

http://stockcharts.com/h-sc/ui?s=GDX&p=D&yr=0&mn=3&dy=0&id=p68002682448&listNum=1&a=407316768

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Commodity bear market counter-trend X wave may be underway…

https://caldaro.wordpress.com/2015/05/14/commodity-update-2015/

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SPX ST TOP?

SPX

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MOS–Mosaic looking ripe–Washer do you like Mosaic?

http://stockcharts.com/h-sc/ui?s=MOS&p=D&yr=1&mn=0&dy=0&id=p28688210906&a=407536449&listNum=1

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Quit trying to catch the top and bottom on NUGT/DUST…

Trade with the trend–use the 5 min stoch 144 above 50 which denotes the ETF with the current momentum. Mentioned this earlier, just want to reiterate. Can not catch a “falling knife” nor a “bottle rocket”…

USE THE TRIX ON THE 60 MINUTE…

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Trader Dan says Be Careful

There are enormous cross currents at work in these screwed up markets at the moment so traders make sure that you do not bet the farm on any one trade. Someone else is liable to own your farm! These are some of the most difficult to read markets I can recall seeing in my entire trading career. The day to day run ups in price or selloffs are brutal and are being compounded by an increasing number of traders getting fed up with the constant whipsaws and thus exiting their positions leaving less liquidity and more volatility and unpredictability as a result.

Be careful
Trader Dan

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Miner Sentiment – Why it is down in two big up days?

2015-05-14 07_58_28-$BPGDM - SharpCharts Workbench - StockCharts

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UWTI / WTI backtest

WTI 60 May 13 backtest

 

[UWTI 60min log scale]

 

It just goes to show how the same principles in technical analysis apply to any asset in any market.   Although I was on my way to becoming a permabull in crude oil, I couldn’t help but agree with pundits that said crude’s drop below the trend line and back test was bearish.  It’s slipping and today’s (good) EIA oil supply report didn’t make any difference.  Crude seems to use news events to make the moves it wants to and not the moves the new events would imply.

Here’s a detail from the recent week’s market.  The top trend line is the long term one going back to the start of the rally in crude from March 18 onwards.

WTI has stopped at the lower trend line but it doesn’t make me feel too bullish, for rest of the week at least.  My guess is that the next few days will bring about a good, lower entry point (dip).

WTI 60 May 14 detail

 

[WTI 60 min]

On the plus side, the long, 17-year trend line is still below all of the recent activity and has been since April 30th when it broke up through it.  That would put firm support at about $59 to $59.25 for the rest of May.  Or maybe I’ve drawn it wrong…  Still learning this stuff.

WTI Daily May 15 long trend line

 

[WTI daily log scale]

Note the MACD bear cross in the last chart.  That kind of says it all for the next little while.

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HUI Hitting top trend line and closed below…TRIX is so close…

hui
http://stockcharts.com/h-sc/ui?s=%24HUI&p=D&yr=0&mn=6&dy=0&id=p96422549027&a=406039511

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NEM-Newmont…

nem
NEM appears to be a good proxy for the miners…We have a potential double top with negative divergences on the RSI 5 and 14…Look what happened at this point last August. Again, divergences can be negated–something to watch.
NOTE: NEM CLOSED TODAY AT THE HIGH LAST AUGUST $27.31…INTERESTING TIMES…GDX was 7 cents shy of the 200 MA today.

http://stockcharts.com/h-sc/ui?s=NEM&p=D&yr=1&mn=0&dy=0&id=p68251724788&a=408038728&listNum=1

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SLV

SLV
http://stockcharts.com/h-sc/ui?s=SLV&p=D&yr=3&mn=0&dy=0&id=p52550112428&listNum=1&a=407995291

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GDX 200 MA Next…MACD changed to Bull cross

http://stockcharts.com/h-sc/ui?s=GDX&p=D&yr=0&mn=3&dy=0&id=p68002682448&listNum=1&a=407316768
I LOVE THE TRIX
heart

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Good article on the ADX…

http://jlfmi.tumblr.com/post/118798022425/stock-indicator-suggests-big-move-lower-coming

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WOW…a new record

30 comments…on a dead horse no less

:)

Thanks Eagle for keeping this place interesting and informative .

There is much to learn in the realm of Technical Analysis

A trend

My Crown for a Trend

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GDX Shallow MACD Angle Denotes Lack of Momentum and A Bear Cross…

    I know I am beating a “dead horse” but the MACD is a “bear cross”…
    GDX angle study

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Weekly VIX with Descending Wedge Break Out…

VIX

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Interesting Chart to Ponder

GOLDTLT

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Trader Dan

Bonds , Gold , Oil and Nat Gas

Special release for Goldtent

http://traderdan.com/?p=4478

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EOD Update…Back test of symmetrical triangle on 5 minute chart…

http://stockcharts.com/h-sc/ui?s=DUST&p=5&yr=0&mn=0&dy=2&id=p92148460227&listNum=1&a=388441676
The 60 minute channel remains intact; however, the 5 minute can and often does give warning signs. This back test could denote an early warning sign for DUST 60 minute…

http://stockcharts.com/h-sc/ui?s=DUST&p=30&yr=0&mn=0&dy=10&id=p82659759659&a=404884291&listNum=1

grin’s 30 MIN DUST chart MACD remains below zero EOD–bull case needs to be above

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DGAZ Update….

http://stockcharts.com/h-sc/ui?s=DGAZ&p=60&yr=0&mn=1&dy=0&id=p38949070090&a=371706795

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Heads Up Goldtenters…DUST 60

http://stockcharts.com/h-sc/ui?s=DUST&p=60&yr=0&mn=1&dy=15&id=p39330534041&listNum=1&a=388664339

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I hope this is not too early :-)

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GDX Daily…Close up

http://stockcharts.com/h-sc/ui?s=GDX&p=D&yr=0&mn=3&dy=0&id=p68002682448&listNum=1&a=407316768

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WTI RSI trend

WTI Daily RSI trend

While there’s clearly been a negative divergence between price and RSI, and a subsequent drop in price too, this daily chart looks rather upbeat with the matching trend on the RSI lows.  Also the recent bounce off  (near) the RSI lower trend line suggests some core strength is still in crude.

I drew the RSI trend line from the two points on the RSI that corresponded with the two points on the chart that formed its lower trend line.

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TAN-Solar ETF…

TAN
http://stockcharts.com/h-sc/ui?s=TAN&p=D&yr=1&mn=0&dy=0&id=p28688210906&listNum=1&a=407641167

Another idea for Goldtenters

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Excellent charts everyone, thank you!

:) Great site, Fully.

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Trader Dan on Oil

Crude Oil Turn Coming ?

http://traderdan.com/?p=4460

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Rambus Chartology : The Gold Target

http://rambus1.com/?p=37132

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GLD is receding from my daily target I had back in March…Man oh man what a choppy ride :-)

GLD is below the 50 MA AGAIN!
gld

By the way, where is Washer? Kicked back and laughing at us? :-)

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Big Picture Charts from Chuck

Chuck is a young buck …but the best of the best trader…… at the Chartology Forum :

Do NOT forget the Big Picture !

We often get lost in the noise and the noise has been deafening of late !

chart1

chart2

chart3

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