This chart shows a 50/200 simple moving average golden cross is imminent. To me that's confirmation when it crosses because the exponential moving average already shows the cross. Niiiiice entry!
This recent pullback has a lot of tickers sitting on support; many on the 50 day moving average. If we see another bounce in the market a lot of nice set ups are presented. If we see a drop we could see another selloff.
As a long term dividend investor I'm watching Clorox to see if it bounces here. This area of support may prove to be a good place to add to the position if it holds. Just watching and waiting so far.
This money printing has started a devaluation trend that is barely getting started IMHO. One day your look at your adult children as say "this trend started when you were little". I can't help but chuckle even though I know it's not funny.
The base isn't as obvious, but I'm really hoping this thing blows it's top again :)
CLX closed strong after a nice 50 ema bounce. I'm taking the entry because I recently watched a representative from Clorox say that demand is so strong it will take them until 2022 to get caught up disinfectant wipes.
If so, here we have SCHD and NOBL in a cup-n-handle breakout :)
Base on Base breakouts tend to do very well....watch her like a hawk.
I don't think the gold and silver rally is over by any means; but they are clearly still pulling back, especially the mining co's. What this means is they are not currently a safe place to be unless your in it for the long haul IMHO. Look for short term volatility.
Ascending triangle on breakout watch....with a 7.97% dividend yield at that!
This has been a nice run, but the RSI is telling me that it's time to take some profits. But I don't think the gold rush is completely over, just due for a pullback, BTW, GDXJ looks to be the same.
Whether you follow the candle tops or the wicks across the top you still get the impression that this is ready for a nice breakout. Keep in mind earnings is incoming (Zacks Rank #1 Strong Buy).
Keep an eye on this booger to see if she breaks out of this ascending triangle tomorrow or the next day.
Looks like we may be seeing a precious metal breakout so keep an eye on volume and price for the remainder of the day for an early entry