Bonds – Are We at Near the End of this 3-Wave Structure??

I have been waiting for the TLT to break below the low from February 21st to possibly begin the completion of its current bigger time-frame price structure … today price broke below that $116.51 level and I think the next swing trade in bonds will be to the upside.  Here is what I am seeing. Continue reading

I Like JPM Here into Earnings …

I think Q1 earnings reporting season could provide the market with a much more bullish backdrop for equity traders … one stock that reports this week is JPM, which leads the bank reporting season off when it reports this Friday before the open.

JPM’s chart suggests that the most likely short-term path after the report is to the upside …

JPM – 195 Minute Chart

The trend strength histogram has pulled back into the Chop Zone and looks like it could be signaling an upcoming expansion phase.  If that is what is going to happen, then the break higher by the relative strength indicator suggests to me that the stock wants to go higher if the earnings report is anyway half decent.  I am long call options that expire in May.

Cheers … Leaf_West

Are Gold and Gold Miners Finally Ready to Go?

I wrote about a possible bottom in gold back in mid-October (click here), but for the most part the trades I put on  back then did not work-out.  No biggie as I was legging into that possible trade set-up and the amounts were in reality, insignificant.

I have started some new trades in NUGT and HGU (TSX Canadian exchange for my retirement accounts) today as I am thinking that maybe, just maybe, the US dollar, gold and the gold miners are ready to start moving.  Here is my view of the charts … Continue reading