Originally posted on TheTechTrader.com
Slope of Hope Blog Posts
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Mike Paulenoff’s Mid-Day Minute: Gold
Gold — the SPDR Gold Shares (NYSE: GLD) and the Market Vectors Gold Miners ETF (NYSE: GDX) — have turned positive this morning, in the aftermath of intense selling pressure earlier in the session. This is a sign of meaningful relative strength in the sector, but the day is young yet. Looking at the GDX chart, today's spike low at 41.35 followed by a powerful upmove to 42.50 — where it continues to sustain since the opening few minutes — has the look and the feel of the completion of the correction from the 2/18 high at 45.56. With that in mind, I am looking for confirmation of today's low upon an upside penetration of 43.05.
Originally published on MPTrader.com
Harry Boxer’s Charts of the Day
Originally published on TheTechTrader.com.
Mike Paulenoff’s Mid-Day Minute: Ford (F)
The Jan-Feb high-level bullish consolidation area in Ford (NYSE: F) may be over –- ahead of a thrust towards 13.50-14.00 next –- or the pattern may "need" to press F down to 11.00-10.80 again to complete the larger bullish coil. Either way, what my work is telling me is that the overall medium- and longer-term pattern in F is incomplete on the upside and has unfinished business in the 13.50 to 15.00 target zone.
