wellman

wellman

The 50 day simple moving average combined with the .618 retrace held as support...for now. Gold could bounce from here but if not 1200 would be a good entry point.

wellman

looking for supports. 46.5 or s1= 40.57 or 36ish

wellman

Pick a Side Red or Blue. I want to see the RED play out, but I think it will be the BLUE What do you think???

wellman

Just a simple chart showing FOMC results on SPY.

wellman

These are just my trend lines in the chart. take a look and make your own decisions.

wellman

Gold is battling the 100 day simple moving average and a downward trend line. Volume has been decreasing which may indicate this move up is tired. IF gold breaks 1225 with decent volume, then 1240 is a given and 1250 is resistance. 2 possible trades here. 1. gold breaks below 1200, easy short to 1180 OR 2. break of 1225, easy long to 1245ish.

wellman

The average time between DUST/NUGT crosses the last 2 times is 82 bars. If that happens near the average were looking at the end of January. I think NUGT has more downside first but I would like to see 1125-1150 hold for gold and 8-8.50 hold for NUGT before getting too excited.

wellman

May see a slight retreat tomorrow, but overall this one should be seen as very bullish.

wellman

expecting more consolidation here between 50 and 51.30

wellman

This one is very risky.

wellman

Keep and eye on the daily pivots on this one. Its playing very nicely so far on TA basis.

wellman

Could rip straight down from here but I think there is better entry. If no entry arrives, its on to the next one for me.

wellman

green arrows are upgrade days red arrows are downgrade days green flags are Mondays for studying weekend gaps

wellman

look for volume to confirm movement $UNXL

wellman

interesting price action and volume

wellman

Look what happened last time.

wellman

A look back into market history

wellman

Fun with Fibs