LuckyDinAZ

LuckyDinAZ

Didn't seem like GOLD XAUUSD received the expected support at 1220 after the recent FOMC meeting and has been declining steadily for the day. Which could be a bullish continuation pattern in my opinion is that it indicates a lack of support for that price level and we may see a larger reversal past 1180 if GOLD doesn't regain its footing. Granted things are at a...

LuckyDinAZ Updated 

Potential positive news over a new cancer drug that passing phase 2 over the next few weeks or quarters may act as a catalyst for a short squeeze. Announced that they are "set to sit down with the FDA for an end of phase 2 face-to-face meeting early this quarter." Will be monitoring for an entry above the current resistance level of 6.00 to break the downtrend...

LuckyDinAZ

Earnings tomorrow CMF and RSI have been rising indicating buying has been occurring as of late. Announcing pre-market tomorrow, so will be watching for further positive movement today. Withing two weeks of all of the last four earnings announcements the stock has seen positive gains, highlighted the last one in green, due to the jump it took after being negative...

LuckyDinAZ

Possible inverse head and shoulders is a possible go from 4.87 to 8.75 based on rising RSI and positive divergence today in the CMF which moved up despite the downward move today.

LuckyDinAZ

Long bias right now after the American session today saw positive pressure during after market hours for the stock exchanges, possibly setting up a 1,2 punch to 30 if the level can be broken tonight (my timezone). CMF and RSI have been showing a positive divergence for the last few hours.

LuckyDinAZ

Feels like it is a breakout day, levels of interest to me are 1207 and 1198. Time will tell

LuckyDinAZ

CMF is on a positive slope with GOLD moving lower for the day despite negative economic news having potentially topped on its recent recovery. Will see, but the risk to reward seems to be worth it at the moment. RSI is indicating that it has been sold, currently expecting continued positive movement for the rest of the day.

LuckyDinAZ Updated 

Short interest has been decreasing since November, Days to cover >15 12/15/2016 4,674,001 294,320 15.880677 11/30/2016 4,908,877 350,182 14.018073 11/15/2016 5,335,451 367,912 14.501976 10/31/2016 5,306,503 556,016 9.543796 10/14/2016 4,892,559 572,916 8.539749 Read more: www.nasdaq.com Looking like it may have found support in the recent downtrend at a...

LuckyDinAZ Updated 

decreasing short interest since 8/26/15 when the price was at it's current level, entered due to after hours move of 5% to 28.23 long from 28.50, will exit in the pre market if negative movement occurs.

LuckyDinAZ Updated 

Closed at 15.46, Got in after hours at 16.79, currently at 16.69, anticipating a few percent pop in the morning as the price moves above the 16.20 level, breaking remaining short term short positions. 12/15/2016 2,387,622 9,299,248 1.000000 11/30/2016 861,692 354,572 2.430231 11/15/2016 818,696 213,180 3.840398 10/31/2016 569,203 290,609 1.958656 Read more:...

LuckyDinAZ Updated 

After the failed up move today, it may be the next leg of the downward movement, based off of the pattern in the RSI. Should be interesting to see what the Asian and European Markets do, expecting short term buying overnight, with selling by the American Markets tomorrow with a lower open relative to the close.

LuckyDinAZ Updated 

Posting, as a more of a question, but the FOMC looks like it is setting up to be short with GOLD dropping from 1163 to 1160 in the last 45 minutes.

LuckyDinAZ

RSI Positive Divergence from 11/11 to 11/25. With GOLD forming a doji on 11/25 may indicate that a near term reversal will happen. Expecting a rise up to the next Fed fund rate decision in mid December, will either break the longer term down trend at that date, or continue lower. Opposed to classical thinking where the raising of rates will lower the price of Gold...

LuckyDinAZ

Month of November seems like it has been a good shorting then long opportunities for Gold will be watching for this again next year. Current short cycle seems to be running out of potential energy and reversing back to a long. That is we may have hit a true bottom or are getting closer to one. Currently long from this morning, again because it seems like the...

LuckyDinAZ

Think the risk to reward maybe great enough to warrant entry. After hours had pushed the price above the key 1320 level. Profit taking and pre market trading pushed the price down. Don't think that everyone got it wrong, just think wall-street saw the opportunity to whipsaw the price. It's risky, but a stop limit entry might be warranted with an after hours exit plan.

LuckyDinAZ

Possible over correction occurring in oil, will be looking for a stop limit entry above the current price, likely 19.70. Price may move sideways, but the buying opportunity seems to be increasing if it is going to be moving into a channel. Prior support has been broken, this can be validation that the prices are going to be moving lower, or its being oversold,...

LuckyDinAZ

RSI and CMF are improving, with VIX rising from support level, in at 13.50 risk to reward yet to be determined.

LuckyDinAZ Updated 

BMY recently has had poor lung cancer treatment results and is getting sold off, movement compounded by Mercks recent promising results in the the same treatment field. Today was another huge down day, with a push past 3 standard deviations according to a 20 day closing Bollinger Band. Long because On Balance Volume has been improving while the price has been...