Our trading mentorship has almost run a month now and we had an excellent bullish rally trade opportunity today from 26000 to 26350. A very nice way to end the month of September.
We have also been holding Mr Price, Foschini and Shoprite since the beginning of the month. We have moved out stop loss in to aggressive profit levels to secure profits as the stock markets look to be leading into a wave 4 cycle which is bearish.
We have also been holding gold since $1265 long and now look to ease out of the gold price long position in the short term as it looks top heavy as well. We look to take profits around the $1319 level but certainly if the chart breaks down through $1306 which is a Fibonacci level.
Our stock market outlook is that the market is overbought and top heavy. This week displays a final push to Fibonnacci extension targets as unit trust funds etc all trade higher in the market to increase their quarterly results before any sell off can be seriously considered in the short term.
We are firmly bullish in the long term. There is at least 5 years more of upward movement in the global markets but not all in a straight line. As long as the 89MA remains support the recession is over and a double dip is unlikely.
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Stock Market Investment Workshops, ebooks & financial freedom @ http://www.wealthskills.co.za/
Showing posts with label gold trading. Show all posts
Showing posts with label gold trading. Show all posts
Thursday, September 30, 2010
Wednesday, January 13, 2010
Caution: Shooting star candles
This was the subject line of an urgent mail sent to our trading and investment clients on Tuesday morning 9h05!
Caution: Shooting Star candles across the stock markets and indices especially for Resources so take caution today.
We considered that short term traders should take profits and that investors be aware of a pull back but to use it as an opportunity to add to their existing investment positions at a discounted price in the resource rally.
Some prices have already bounced including Kumba our preferred stock pick. It pulled back to the moving average as support at 31600c and is now sitting right back at 330000c in just 2 days.
Platinum stocks had a similar experience. Some sectors like construction failed to secure a higher top so therein lies a potential opportunity to short the sector and construction stocks like Murray (target 4000c) and Group 5 as well to name a few.
We also discussed how the pharmaceutical sector have topped out and are due for a pull back and it happened this week. Aspen is now testing the 50ema support at 7000c and for medium term investors could prove to be a fair entry level as this is off the high of 7350 or so and provides an opportunity to enter with a 5% discount. It may be early however. Consider confirmations...
GOLD Futures reached $1145 and beyond in the recent rally discussed from $1075 low. The dollar yoyo effect is playing havoc with short term position calls so it is best to wait it out until the dust settle and take the next swing position as it comes.
Keep an eye on TECH stocks.
Best stock trading this quarter.
Financial & Investment Workshops, ebooks & financial freedom @ www.newsweek.co.za
Visit Aurora Global Markets for Global trading platform in equities, foreign exchange, commodities, precious metals and interest rates.
Caution: Shooting Star candles across the stock markets and indices especially for Resources so take caution today.
We considered that short term traders should take profits and that investors be aware of a pull back but to use it as an opportunity to add to their existing investment positions at a discounted price in the resource rally.
Some prices have already bounced including Kumba our preferred stock pick. It pulled back to the moving average as support at 31600c and is now sitting right back at 330000c in just 2 days.
Platinum stocks had a similar experience. Some sectors like construction failed to secure a higher top so therein lies a potential opportunity to short the sector and construction stocks like Murray (target 4000c) and Group 5 as well to name a few.
We also discussed how the pharmaceutical sector have topped out and are due for a pull back and it happened this week. Aspen is now testing the 50ema support at 7000c and for medium term investors could prove to be a fair entry level as this is off the high of 7350 or so and provides an opportunity to enter with a 5% discount. It may be early however. Consider confirmations...
GOLD Futures reached $1145 and beyond in the recent rally discussed from $1075 low. The dollar yoyo effect is playing havoc with short term position calls so it is best to wait it out until the dust settle and take the next swing position as it comes.
Keep an eye on TECH stocks.
Best stock trading this quarter.
Financial & Investment Workshops, ebooks & financial freedom @ www.newsweek.co.za
Visit Aurora Global Markets for Global trading platform in equities, foreign exchange, commodities, precious metals and interest rates.
Sunday, January 10, 2010
Make Money Trading
Make Money Trading
This December I was in a fantastic swing trade in a base metal miner called Kumba Iron Ore listed on the Johannesburg Stock Eexchange. The swing trade in this stock signalled as early as 23200c and I took profit at 26000c.
The stock then retraced to 25000c where we entered the swing trade again for the next bullish rally. The stock has flown from there to 32500c in little over a couple of weeks.
I certainly guaranteed myself a year-end bonus by applying the financial and investment knowledge I have and implementing my stock trading plan.
I've been bullish in Platinum and Platinum stocks since early October 2009 and seen Platinum rocket from $1390 to $1580 recently.
My stock picks included Impala Platinum @ 18000c now 21700c, Northam Platinum @ 3900c now 5000c, Lonmin @ 20800c now 25000c and more recently East Plats, Jubilee and Anooraq as smaller platinum miners move after the majors and carry more risk as well.
I make money trading the stock market and teaching people to do the same. Over November my members made 7% return and in December, they made 11% return on their portfolio. These are low risk and high return trading positions mostly in swing trades.
Investors that have lower risk appetite held positions in Kumba and others for longer periods and now look at an average of about 25% return for the last quarter! They carry a lower cost of business due to trading less and paying fewer broker fees.
New Exchange Traded Funds listed globally for Platinum and Palladium metals and this also pushed momentum in these metals. They are bound to provide a good deal of carry-momentum over the next few weeks as these funds pump capital into the market for these metals.
Gold futures have also turned positive again and the bullish swing has taken place from $1075 level to $1145 again. Watch it carefully now as the dollar will determine the next time to entry.
Financial & Investment Workshops, ebooks & financial freedom @ http://www.newsweek.co.za
Visit Aurora Global Markets for Global trading platform in equities, foreign exchange, commodities, precious metals and interest rates.
This December I was in a fantastic swing trade in a base metal miner called Kumba Iron Ore listed on the Johannesburg Stock Eexchange. The swing trade in this stock signalled as early as 23200c and I took profit at 26000c.
The stock then retraced to 25000c where we entered the swing trade again for the next bullish rally. The stock has flown from there to 32500c in little over a couple of weeks.
I certainly guaranteed myself a year-end bonus by applying the financial and investment knowledge I have and implementing my stock trading plan.
I've been bullish in Platinum and Platinum stocks since early October 2009 and seen Platinum rocket from $1390 to $1580 recently.
My stock picks included Impala Platinum @ 18000c now 21700c, Northam Platinum @ 3900c now 5000c, Lonmin @ 20800c now 25000c and more recently East Plats, Jubilee and Anooraq as smaller platinum miners move after the majors and carry more risk as well.
I make money trading the stock market and teaching people to do the same. Over November my members made 7% return and in December, they made 11% return on their portfolio. These are low risk and high return trading positions mostly in swing trades.
Investors that have lower risk appetite held positions in Kumba and others for longer periods and now look at an average of about 25% return for the last quarter! They carry a lower cost of business due to trading less and paying fewer broker fees.
New Exchange Traded Funds listed globally for Platinum and Palladium metals and this also pushed momentum in these metals. They are bound to provide a good deal of carry-momentum over the next few weeks as these funds pump capital into the market for these metals.
Gold futures have also turned positive again and the bullish swing has taken place from $1075 level to $1145 again. Watch it carefully now as the dollar will determine the next time to entry.
Financial & Investment Workshops, ebooks & financial freedom @ http://www.newsweek.co.za
Visit Aurora Global Markets for Global trading platform in equities, foreign exchange, commodities, precious metals and interest rates.
Monday, November 23, 2009
Dollar Weakens & Commodities Rally!
Dollar Weakens & Commodities Rally!
It's not entirely what I was expecting but the global markets seriously rallied today after the dollar took a pounding (ahem, excuse the pun)!
With that being said about commodities rallying, GOLD hit a new high again and is well on its way to my medium target of $1350! So hold on to the rodeo horse cos it's going to be a fun ride!
My favourite share of the moment, Kumba also closed up very strongly today. I missed the entry at 25000 by R1.00 on Friday with my automatic order in the system. Sometimes you get the trade, sometimes you don't. It would've been a fantastic entry however as the share closed R9.00 up from low of Friday.
Also, Anglo American and PSG were good trades today and I like the look of Datatec too. There is some convergence of the moving averages on that chart.
Platinum also pulled back on Friday and although it didn't quite reach my support level it certainly did weaken considerably. It gave entries to my other favourites Lonmin and Northam platinum. Both up on the day with Lonmin moving over R10 to the good which puts it at about 5% for the day. Can't complain!
Short term trading can still be exciting on day's like this when the markets run in your favour and you know you going to bank some serious profits over the next day or two. Stock market trading is not supposed to be a full time job. Learn to take short term trades with high profitability over time with consistent success!
Do this and you write yourself cheque for life! And you can enjoy life with some stock market trading inbetween!
Trade well, not often.
Financial & Investment Workshops, ebooks & financial freedom @ www.newsweek.co.za
Visit Aurora Global Markets for Global trading platform in equities, foreign exchange, commodities, precious metals and interest rates.
It's not entirely what I was expecting but the global markets seriously rallied today after the dollar took a pounding (ahem, excuse the pun)!
With that being said about commodities rallying, GOLD hit a new high again and is well on its way to my medium target of $1350! So hold on to the rodeo horse cos it's going to be a fun ride!
My favourite share of the moment, Kumba also closed up very strongly today. I missed the entry at 25000 by R1.00 on Friday with my automatic order in the system. Sometimes you get the trade, sometimes you don't. It would've been a fantastic entry however as the share closed R9.00 up from low of Friday.
Also, Anglo American and PSG were good trades today and I like the look of Datatec too. There is some convergence of the moving averages on that chart.
Platinum also pulled back on Friday and although it didn't quite reach my support level it certainly did weaken considerably. It gave entries to my other favourites Lonmin and Northam platinum. Both up on the day with Lonmin moving over R10 to the good which puts it at about 5% for the day. Can't complain!
Short term trading can still be exciting on day's like this when the markets run in your favour and you know you going to bank some serious profits over the next day or two. Stock market trading is not supposed to be a full time job. Learn to take short term trades with high profitability over time with consistent success!
Do this and you write yourself cheque for life! And you can enjoy life with some stock market trading inbetween!
Trade well, not often.
Financial & Investment Workshops, ebooks & financial freedom @ www.newsweek.co.za
Visit Aurora Global Markets for Global trading platform in equities, foreign exchange, commodities, precious metals and interest rates.
Thursday, October 8, 2009
It's my Gold Rush!
I've been bullish on gold for over a month now! What a rush!
Ever since the gold price pushed to test the support level at around $915 little over 6 week's ago I was bullish. The upside target on the gold chart is $1250!
Now from the small pull back from $1024 level to $990 again the gold price has shot up to a record of $1050 since Monday. The gold index in South Africa has skyrocketed almost 10%!
What's the reason? Some of the reason is due to the dollar weakness in the global economy as inflation takes it's toll. But also there has been a debate about the price of oil being derived from a basket of commodities rather than the dollar alone.
Guess which commodity is being considered as part of the basket of assets to price oil in future?
You got it! It's GOLD!
The Australian FED bank also increased interest rates as the first bank to start doing so as the global economy shows signs of ticking up. The combination of all these things has pushed the gold price to break records!
The medium term outlook on gold is to target $1250. We will have various waves of upswing followed by profit taking before we get there.
Be prepared to ride the waves and walk away with reasonable trading profits! Don't be greedy!
I've moved my stop loss levels to entry now. Looking to close half of my positions on the stock market in the resources sectors.
For our weekly Market Outlook newsletter visit our website link below:
Financial & Investment Workshops, ebooks & financial freedom @ http://www.newsweek.co.za
Visit Aurora Global Markets for Global trading platform in equities, foreign exchange, commodities, precious metals and interest rates.
Ever since the gold price pushed to test the support level at around $915 little over 6 week's ago I was bullish. The upside target on the gold chart is $1250!
Now from the small pull back from $1024 level to $990 again the gold price has shot up to a record of $1050 since Monday. The gold index in South Africa has skyrocketed almost 10%!
What's the reason? Some of the reason is due to the dollar weakness in the global economy as inflation takes it's toll. But also there has been a debate about the price of oil being derived from a basket of commodities rather than the dollar alone.
Guess which commodity is being considered as part of the basket of assets to price oil in future?
You got it! It's GOLD!
The Australian FED bank also increased interest rates as the first bank to start doing so as the global economy shows signs of ticking up. The combination of all these things has pushed the gold price to break records!
The medium term outlook on gold is to target $1250. We will have various waves of upswing followed by profit taking before we get there.
Be prepared to ride the waves and walk away with reasonable trading profits! Don't be greedy!
I've moved my stop loss levels to entry now. Looking to close half of my positions on the stock market in the resources sectors.
For our weekly Market Outlook newsletter visit our website link below:
Financial & Investment Workshops, ebooks & financial freedom @ http://www.newsweek.co.za
Visit Aurora Global Markets for Global trading platform in equities, foreign exchange, commodities, precious metals and interest rates.
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