mrd2015

mrd2015

Foreboding picture for EOG. I'm currently long as a contrarian play, but am watching this closely.

mrd2015

Beautiful setup. I suspect that Gold will probably break it's current ascending 1/2 angle soon and find it's way back down to the main ascending 2/1 angle by following the blue arrows. However, another test and a break of the $185-ish area could very possibly lead to a $222.75 target (+50% of 148.50 - red arrow).

mrd2015

I missed the cup with handle breakout here even though it was on my watchlist. However, I feel this area would be a good place to pick up some MRK. Planning on this one to be a long-term hold for the demographics play. Standard 8% stop loss.

mrd2015

Nice breakout but ZAGG is budding up against some key resistance levels. I would love the chance to buy this again around $7.00. Expecting a pullback to at least the low $9.00 area.

mrd2015

Looking for possible weakness to the downside here. Bearish wedge formation approaching a key retracement point @ 33% of the low. Also budding up against the 25/1 angle. I'm expecting the 6/1 and/or 8/1 to give support to the downside. Since the 6/1 is a trendline, it is less important of an angle now. Secondary shorting target would be the 37.5% line at the...

mrd2015

USO has been stuck between a few critical Gann percentages. The 75% combination support/resistance level is a key breaking level for about 20-25% upside. This could be an interesting play should the Iranian issues drive up investor speculation in oil. I'm stalking this chart waiting for either weakness to the downside, or strength on a breakout above the ~$40...