Thursday, February 20, 2014

View on GLD, GOLD, BLING

See GLD chart, consolidating here feels like before it going lower to fill that lower gap. 

Short term: down (set stop with recent top)

Nat Gas, UNG, UGAZ, DGAZ outlook

See UNG chart, Looks like we just hit the top of the upper BB and came down today below the upper BB. MACD is curving bias toward downside further ahead. We probably will fill that gap lower. If we fill that gap with enough volume, we will go lower and probably seen a top for a while here

Short term: Down (set yesterday high as stop)

Wednesday, February 19, 2014

View on GLD, GOLD, BLING

See GLD chart, as pointed out, pull back before higher or go down to fill that lower gap

Short term: down (set stop on recent high)


Nat Gas, UNG, UGAZ, DGAZ outlook

See UNG chart, all highlighting we are way overdue for a pull back or even start of new trend soon, bias towards downside.


Short term: Neutral (Bias downside)

Tuesday, February 18, 2014

View on GLD, GOLD, BLING

See GLD chart, nice looking bullish chart here riding along the upper BB. MACD is bullish still. RSI still overbought.

Short term: Neutral (Pull back may happen before continue higher or go back to fill the lower gap)

Friday, February 14, 2014

Market Overview Feb 14

See NYMO daily chart. RSI level is record high again, base on previous time, this is not a time to be long.

See NYMO weekly chart, similar to daily chart.

See both the weekly and daily NYMO chart, be my guest if you want to go long here. This is signal to go short or at least take your long profit off the table, wait for a pullback or correction before going long again. Protect your profit

Short term: Neutral (getting bearish)

View on GLD, GOLD, BLING


See GLD chart, it getting to the oversold level on RSI, also it went above the upper BB, may want take profit on long in GLD or at least use a stop, cause a pullback will happen soon. Only MACD doesnt confirm a pull back yet, seem it can go higher. So most likely a pull back and going higher


Short term: Neutral (Pull back soon from this bull ride)