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)

Wednesday, February 12, 2014

Market Overview Feb 12

Wild day yesterday, with Yellen talk the market up a pound. Today seems like it consolidating before either we going down from here, or continue to go up. Time will tell with more clear view.



See NYMO chart, we are close to a top here, we either go down from here or there is little bit more upside left



Short term: Neutral


View on GLD, GOLD, BLING

See GLD chart, we blow to the upside it looks like after consolidation.

Short term: Bullish

Friday, February 7, 2014

View on GLD, GOLD, BLING

See GLD chart, not a whole lot happening, still consolidating. 

Short term: Neutral

Thursday, February 6, 2014

View on GLD, GOLD, BLING

See GLD chart, consolidating here, waiting on the move on MACD to decide now what next

Short term: Neutral

Wednesday, February 5, 2014

View on GLD, GOLD, BLING

See GLD chart, bounce volume is low. even with market at such extreme level of pullback not seen for a year+, fear trade is not helping gold rise at all much. This is does not set well for gold in near future. MACD can flip anytime soon to negative for GLD. Careful going long here.

Short term: Neutral (getting bearish)

Tuesday, February 4, 2014

View on GLD, GOLD, BLING

See GLD chart, giving that we have now broken the upward channel. Also MACD may have a cross over. This may going bearish here

Short term: Neutral (Getting bearish)