+ All Categories
Home > Documents > Thirdeyeopentrades sep14

Thirdeyeopentrades sep14

Date post: 10-Jun-2015
Category:
Upload: scutifynewsbits
View: 831 times
Download: 0 times
Share this document with a friend
Description:
$gold, $silver, #dxy, mining,
Popular Tags:
25
1 Precious Metals & General Market Review September 2014 – Issue #327.c 9-14-14 Thank you for subscribing to Thirdeyeopentrades! We present weekly trading ideas for swing traders with charts and brief commentary designed to help save you the precious time it takes in researching good ideas. We don’t claim to know where the stocks are going but simply speculate, based upon chart setups, where they may be likely to go. You need to do your own fundamental and technical research for each idea present and then execute based upon your own unique trading plan and style. Thirdeyeopentrades gets you started…you do all the work and assume all the risk! Thirdeyeopentrades is not a licensed or registered financial advisory service so we recommend you consult your personal advisor before executing any trade. “Newmont Fits the Key” Newmont Mining nearly addressed its closest gap left behind from the June blast-off on Friday. Close but no cigar. I think that the Season of Libra will restore justice to the markets next week beginning on September 23 rd ….but you never know.
Transcript
Page 1: Thirdeyeopentrades sep14

1

Precious Metals & General Market Review

September 2014 – Issue #327.c 9-14-14

Thank you for subscribing to Thirdeyeopentrades! We present weekly trading ideas for swing traders with charts and brief commentary designed to help save you the precious time it takes in researching good ideas. We don’t claim to know where the stocks are going but simply speculate, based upon chart setups, where they may be likely to go. You need to do your own fundamental and technical research for each idea present and then execute based upon your own unique trading plan and style. Thirdeyeopentrades gets you started…you do all the work and assume all the risk! Thirdeyeopentrades is not a licensed or registered financial advisory service so we recommend you consult your personal advisor before executing any trade.

“Newmont Fits the Key”

Newmont Mining nearly addressed its closest gap left behind from the June blast-off on Friday. Close but no cigar. I think that the Season of Libra will restore justice to the markets next week beginning on September 23rd….but you never know.

Page 2: Thirdeyeopentrades sep14

2

That June gap exists between $23.72-23.89. I figure it will be addressed on Monday. It remains to be seen if price will get inside the gap and bounce simultaneously off the rising linear support line. Both relative strength and stochastic indicators are now oversold and due for a reversal.

Page 3: Thirdeyeopentrades sep14

3

Gold remains weak and in danger of testing $1125 where a rising linear support line may hold. Or not.

Page 4: Thirdeyeopentrades sep14

4

Gold is dangerously messing around with its rising logarithmic support line and the MACD is refusing to cross over bullishly. Goldman Sachs has been out calling for all to short the living pig spit out of gold because they want gold at $1050.

Page 5: Thirdeyeopentrades sep14

5

The Japanese Yen has dragged gold lower like a lead anchor.

Page 6: Thirdeyeopentrades sep14

6

Silver continues to disappoint as well. It’s a mess and support lies down around $16.50. Well, maybe it’s support.

Page 7: Thirdeyeopentrades sep14

7

Silver remains weaker than copper as commodities deflation continues.

Page 8: Thirdeyeopentrades sep14

8

Silver remains weaker than gold. That’s a bear market. A seemingly never ending bear market.

Page 9: Thirdeyeopentrades sep14

9

The US Dollar is insanely overbought relative strength wise.

Page 10: Thirdeyeopentrades sep14

10

The dollar is right at symmetrical triangle resistance.

Page 11: Thirdeyeopentrades sep14

11

If this were a gold stock, based on technical discipline, I would be taking profits.

Page 12: Thirdeyeopentrades sep14

12

The dollar appears to hold the key as to where gold’s going.

Page 13: Thirdeyeopentrades sep14

13

USERX failed to hold support. SPLAT.

Page 14: Thirdeyeopentrades sep14

14

The DOW is at resistance.

Page 15: Thirdeyeopentrades sep14

15

The markets continue higher, well above rising support moving average lines.

Page 16: Thirdeyeopentrades sep14

16

I have no idea which way the small caps are going.

Page 17: Thirdeyeopentrades sep14

17

The negative divergence between the MACD (falling) and the SPX (rising) remains. This new highs new lows indicator remains on the bull signal.

Page 18: Thirdeyeopentrades sep14

18

The 13-34 week exponential moving average model remains on the bull signal.

Page 19: Thirdeyeopentrades sep14

19

The SPX is moving upward along the ceiling. The suggested stop range is 1900-1925. It wouldn’t be a surprise to see the 150 day EMA test between now and the elections. I don’t think the bull market is ending any time soon. But I do think a tight stop makes sense. Let that be your decision.

Page 20: Thirdeyeopentrades sep14

20

Just keep an eye on the 150 day EMA.

Page 21: Thirdeyeopentrades sep14

21

The Master Thirdeyeopentrades Bull-Bear model remains firmly on a bull signal. For newer subscribers, Thirdeyeopentrades uses the 10/12 month exponential moving average relationship to determine when the markets are on a bull or bear signal. Over the past twenty years, the bulls have been lasting around five to six years and the bears from a year and one half to two years. When the 10 crosses up thru the 12, that’s a bull market signal. When the 10 crosses down thru the 12 that’s a bear market. So far, the present bull market continues upward and onward; 5 ½ years old this month. Print-print-print. The house finances look great when the credit card limits are extinguished. That’s the recovery.

Page 22: Thirdeyeopentrades sep14

22

The commercial shorts have succeeded in crashing the silver market and on the way down gold follows silver. Goldman Sachs has a way of winning, tentacles reaching every nook and cranny. Once they’ve filled their coffers with gold at their price, then they’ll mark it up.

Page 23: Thirdeyeopentrades sep14

23

I don’t know when the commercials will reverse their positioning on gold. They’re still reducing shorts as gold falls in price and they cover. Commercials move opposite the market.

Page 24: Thirdeyeopentrades sep14

24

The commercials broke silver’s back last week. It looks like they certainly could take silver to $16.50.

Page 25: Thirdeyeopentrades sep14

25

Silver remains above strong logarithmic support. The money flow indicator is rising significantly despite the recent hammering. The MACD is back on a sell signal, which sucks. Relative strength continues to meander bearishly under 50. That’s it for this weekend. My responsibilities to career and continuing education requirements are going to make it a challenge to continue publishing on weekly basis, but it should get a bit easier come mid to late October. Therefore, I apologize in advance for the brevity of weekly review.

Thirdeyeopentrades wishes you Health, Wealth, Wisdom and Happiness!

Thirdeyeopentrades is not a registered financial advisory service and is not a broker dealer. We do not and cannot give individualized market advice. The information in the newsletter is only intended for informational and educational

purposes. It should not be considered a solicitation of an offer or sale of any security. The reader assumes all risk when trading in securities and Thirdeyeopentrades advises consulting a licensed professional financial advisor before proceeding with any trade or idea presented in this newsletter. Thirdeyeopentrades may take a position and sell a

position in any security mentioned in this newsletter. We share our ideas and opinions for informational and educational purposes only and expect the reader to perform due diligence before considering taking a position in any

security. That includes consulting with your own licensed professional financial advisor.


Recommended