Saturday 24 June 2017 | The view from Wall Street & Silicon Valley


Tuesday January 14, 2014 | By Staff Writer

Is Rick Rule calling the Resource Bottom as he claims “Big Money” is entering the sector?

Rick Rule is chairman of the world’s best known resource investment group Sprott – is he now calling the bottom for his sector with a claim that “big money” is now set to enter the game?  He claimed in an interview yesterday that some of the ‘big money’ that was circling the resource sector has finally found a home.

Gold

Monday January 13, 2014 | By The Closet Chartist

Tesla “Surprise” Upside Scenario

The way that Tesla (TSLA) shares more than tripled during a six month period between April and October 2013 from under $50 towards $200 clearly made them one of the most highly speculative situations – over and above the obvious interest one would expect in company operating in the highly fashionable electric vehicle space. 

EPIC code: TSLA

Monday January 13, 2014 | By The Closet Chartist

Amazon: Still a buy with a Technical Target Still As High As $440

Given the way that shares of Amazon (AMZN) have recently traded as high as $400 plus, the starting gun on the big move here from a technical perspective was as long ago as May 2013, and from as low as the sub $260 zone when there was an unfilled gap to the upside through the 200 day moving average. This is a classic buy signal, and usually acts as the catalyst for an extended rally lasting weeks or even months, rather than just days. 


EPIC code: AMZN

Monday January 13, 2014 | By The Closet Chartist

Buy Blackberry Target Back Towards $10 Initially

As most of us are aware Blackberry (BBRY) phones or as they are referred to these days – mobile devices, used to be so hot that Barrack Obama just had to use one to be awarded a Nobel Peace Prize, just for being Barrack Obama.

EPIC code: BBRY

Friday January 10, 2014 | By The Closet Chartist

Microsoft Technical Sell Signals Point Back To $34 Zone

While we may still be obliged to give Apple (AAPL) the benefit of the doubt technically while the shares hold above a June uptrend line at $530, in the case of Microsoft (MSFT) it is hard to be so charitable given the way that the post November chart pattern on the daily chart consists of not only a head & shoulders reversal formation, but one that is also an island top. 

EPIC code: MSFT

Friday January 10, 2014 | By The Closet Chartist

Apple: Buy - Initial $530 Price Channel Support For $600 Target

2013 ended for shares of Apple (AAPL) on a somewhat mixed note despite the solid recovery from April / June support under $400. 

EPIC code: AAPL

Friday January 10, 2014 | By Ross Norman of Sharps Pixley

The Balancing Act in the Gold Market

The U.S. Comex gold futures rose 0.32% to $1.229.40 after falling for three consecutive days. Year-to-date, the gold futures rebounded 2.25% while the S&P 500 Index and the Euro Stoxx 50 Index retreated 0.50% and 0.60% respectively. Gold prices have strengthened in the face of a stronger dollar; the DXY index rose 1.21% this year. 

Gold

Thursday January 9, 2014 | By The Closet Chartist

Twitter: Cooling Off Rather Than Melting Down

It is easy to make comparisons between the fiasco that was the Facebook IPO in 2012, and the much hyped Twitter (TWTR) equivalent at the end of 2013. Clearly, the fear is that after a strong start shares of the microblogging phenomenon may start to go into an extended consolidation of the kind that Facebook did, crushing retail investors in the process.

EPIC code: TWTR

Thursday January 9, 2014 | By The Closet Chartist

Facebook: Buy: August Resistance Line Projection Targets $70 Despite Fundamental Fears

One of the advantages of technical analysis is that it gives you the opportunity to be a contrarian. However, this is more than just picking out a stock or market which is oversold and ready to bounce - like Facebook (FB)

EPIC code: FB

Wednesday January 8, 2014 | By Ross Norman of Sharps Pixley

Growth, Stocks and Gold

After rising annually for 12 consecutive years, the U.S. Comex gold futures sank 28 percent in 2013 to end at $1,202.30, back to the level in mid-2010. The total gold-backed ETF holdings dropped by a third last year, with the largest Gold ETF, the SPDR Gold Trust, dropping by a whopping 41%. 

Gold




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