I am neither long nor short TSLA. But I take TSLA on my watchlist, because the stock is so strong. And I like it's products. If I had invested in TSLA in march with all my assets I would have been nearly able to buy a TESLA car ;-) lol, but I didn't. Winners know how much they could loose with every trade . . . This is not a recommendation, my personal opinion...
SLV in a presumably short (small) correction, if new uptrend line holds. I am long with a stop at 21.75. I don't know the probability of the trade, but if I get stopped out, I'd make sure to get in soon again, if the correction never goes under the new uptrend line. But I suppose the correction shouldn't be deep. This is my personal opinion only.
Just my personal opinion. A bullsih sign would be, if IWM bounced above 104. Otherwise I think the next weeks become volatile and a correction could take place.
I think I'll go long the next days, if 25 holds as a support line. My opinion only - GDX is very volatile - as you know . . .
My personal opinion: QQQC retraces to 18 (before a breakout above 20 - cup with handle) or QQQC breaks 20 the next days. If resistance at 20 holds the uptrend, the next weeks - a major correction could be ahead.
Now I'm expecting GLD moving sideways. In my opinion this move sideways would be the best for the GLD bulls. Depends everything on SPY - maybe the smart money is moving into GLD now before a correction in SPY. GLD formed a nice "W"-pattern and broke the line of the downtrend which started at 2012-02-07. GLD formed a higher high at 124. Since then it rallied...
Watch this bearish chart! I am waiting for a reversal. If the lower channel line of the downtrend channel will hold which TLT is riding since August 2012, we should see a bounce very soon. I am neutral and waiting. I don't recommend anything to trade.
As SPY breaks through resistance at 167 my confidence level shrinks, but the uptrend may remain solid until we reach the next retracement level at 179. Should I go long again? Please comment your opinions under this chart.
TLT - it's decision time :-)
For me it's a warning sign to see a breakout to the upper side of the trading range.
I am not long since the breakout - as many I was short and got burned - now I think the next week could bring a small correction - but over the weeks I think we could see 166.50 - so after a small correction - hopefully the next days - I'll be on the long side . . . but not trying to influence anyone of you! Just my opinion.
I am not long this ETF and not suggesting or trying to convince anyone to start a long position with this idea. If the chart analysis works we are not far away from 92 in IJR (S&P Smallcap 600 Index Ishares). As IJR has a high correlation with SPY - maybe a correction is under way. At the time of my chart analysis IJR was trading at 90.04.
If 8 holds as a new support level - the next target is 9 Dollar. My personal opinion only - not a trade recommendation.
Can JAH break the resistance at 55 - this is the first target. My personal opinion only - not a trade recommendation.
Can AMZN make higher highs? Target 250 if it breaks 238. My personal opinion only - not a trade recommendation.
stop at 48 - and target 55 - could golong now even if the overall market is still in correction mode. My personal opinion only - not a trade recommendation.
The next days or let's say two weeks DDS should come back to the brake out level around 79. My personal opinion only - not a trade recommendation.
Everytime the chart touches the lower line of the Keltner Channel - the bottom is near. Will it be the next weeks? This doesn't mean that the uptrend starts immediately. The chart doesn't need to touch the line for a new uptrend to begin. Even after touching the line could follow lower lows. But it's time to build your watchlist! My personal opinion only.