Saturday, April 21, 2012

Will The Euro Rally?

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French Election To Determine Future of 'Merkozy' Alliance  Read    Euro Ready To Break If French Election, Spanish Crisis Weigh Read


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Wednesday, April 18, 2012

Is The VIX Set To Rise?

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It maybe an early call but the Volatility Index appears to be in a Pennant formation a break higher should send it to it's 200ma around 26. ITZ downside target on the $SPX is 1340.

Tuesday, April 17, 2012

ITZ PIX Update: Re-entering SLW & Adding to UCO

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ITZ has posted several trade suggestions over the last 2 months...here is a recap:

Devon Energy (DVN) Entered on March 15th @ $72.50 -- Stopped April 10th @ $69 LINK

Silver Wheaton (SLW) March 23rd $32.49 average cost basis Stopped March 28th $32.50 LINK
ITZ is re-entering SLW with a 1/2 position @ $30 set stop @ $27

Gold ETF (GDX) April 4th half-position @ $47.50 STOP currently $44 LINK

Halliburton (HAL) April 4th half-position @ $33 Current Stop $30 LINK

Freeport McMoran (FCX) April 5th half-position @ $38 with a $35 stop LINK

ProShares Ultra Crude Oil (UCO) April 5th half-position $42 with a $39 stop. LINK
Adding to position today @ $43.50-- now @ full position average cost $42.75


 

Sunday, April 15, 2012

Copper- COT

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Individual traders that consider positioning themselves on the same side of the market as large commercials, when the large commercials become one-sided in their market view, is the best way to utilize the C.O.T. report.


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Gold Inverse Head & Shoulders

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Gold futures daily chart needs to make a move this week to confirm an Inverse Head & Shoulders. Silver is also setting up a similar IHS pattern.

Thursday, April 12, 2012

Silver Wheaton Update

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Although slightly below where ITZ entered Silver Wheaton (then stopped out), today's candle is bullish and possibly entering a position is suggested.

Past SLW Posts link link
 


Tuesday, April 10, 2012

ITZ Mid-Week Review

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Carter Worth, Oppenheimer Asset Management, checks the charts for investment opportunities, with the Fast Money crew.


How Much Will Markets Correct?

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The long awaited correction has begun...how much is another question?
ITZ has annotated the $SPX & $COMPQ indexes and several key support levels.

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Monday, April 9, 2012

Commodities Update 4-9-12

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With a disappointing NonFarm Payrolls report last Friday, could QE3 be back on the table? Maybe not today but soon.


Thursday, April 5, 2012

Re-entering Two Stocks

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ITZ is suggesting two more commodity plays, getting back into Freeport McMoran (FCX) after being stopped out last week. Also, re-entering the Proshares Ultra Crude Oil etf (UCO).

 click on charts to expand images



Wednesday, April 4, 2012

Two Buys On This Pullback

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ITZ suggests buying 1/2 position in Halliburton (HAL) @ $33 with a $30 STOP & 1/2 position on Gold Miners Trust (GDX) @ $47.50 with a $44 STOP as mentioned the otherday link