[[SLW]] looks like sh*te. This is a continuation pattern – a descending triangle. Thankfully it’s not huge, the drop shouldn’t exceed $3. At that point
readLatest quote: [[aapl]] What do you see here: head-and-shoulders (bearish)… … or a falling wedge (bullish)? I’m leaning towards the Head-and-Shoulders, because an ideal falling
readNot very steep, but a falling wedge nonetheless, typically means the price will rise. And according to the stochastics, there’s room to run, too. While
readI may have been too hasty selling AMD, as the volume and pattern confirm an imminent breakout, despite a short-term overbought condition. Might have to
readOut at $2.50 for $0.35 profit. Would like to re-enter at a lower level. [[AMD]] reports earnings on January 29, 2013.
readI went long [[AMD]] at $2.15. Looking for the $3+ gap fill. Volume looks good – higher on up days, lower on down days –
readThis is obviously a significant level for [[SLW]]. Can it break above $40 and stay there? Oscillators say the stock is overbought at these levels,
read18-month long channel, wow. Moving down, ever so slightly. Seems to be disconnected from silver. Wonder what can push it out of the channel? Last
readI haven’t looked at this in awhile: search term popularity according to Google. Of course, a lot of the searches are for meDals, not meTals,
readIn July 2011 I wrote an in-the-money call against [[SLW]] and it expired worthless last Friday. Hooray for me. Time to write another one. Based
readIan Telfer, Goldcorp CEO, will be at the MaRS center tomorrow, more info here. This week come and hear Ian Telfer, Chairman of Goldcorp Inc.
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