AUD/USD Will The News Move This

Here we have a trade setup in the AUD/CAD FX pair, this setup occured right before a major news release for the AUD.

SLW Uncharted Territory

I wanted to share with everyone this chart of SLW, it is currently in uncharted territory and making all time new highs after going sideways for months. Theres a high probability that this stock will continue to run upwards unless theres significant weakness in the market and the company itself. The ETF that correlates the most with SLW is GDX with a correlation of .9134 which is %91.34.

GG update

Heres a chart of GG and how it went up after the sign of strength in our previous chart. After todays strong close it seems like GG still has room to the upside.

GG (Gold Stock) Update

Heres a chart of GG . This is what followed after the chart I posted more then 2 weeks ago. I was right this time, but thats not always the case. The markets tells its own story!

A Reason to be Bearish (TLT) Update

Heres an update on the last post. The market did decline after that signal as demonstrated by the chart.

A Reason to be Bearish (TLT)

Here we have a chart of the 20 year bond ETF the TLT. Looking at this chart from a technical perspective, it is clear that the ETF had been in a range for a long time. A breakout above the range and the recent up gap represents demand for the bond ETF. Buyers are feeling the market and heading into safe haven investments such as the TLT, sending it up on an a gap.

USD/CAD update

An update of the USD/CAD and how it has rallied after that bounce off of support.

USD/CAD Update

Heres an update of the USD/CAD which held at that support level and did head higher.

MSM Update

Heres a technical look at the MSM, Muscat Securities Market.

USD/CAD

Heres an excellent chart of the USD/CAD price is at strong support. If it holds, expect a bounce back up which would mean dollar strenghth. If it gets violated again and gets breached, expect CAD strength to continue.

Things I Look at Daily Before the Open

Below is a list of websites that I check daily before the I start trading. Its 2 parts the first is the FX market and the second is Equities markets.

FX:

1- http://www.scotiafx.com/ . They have excellent daily reports of all the major currencies in their daily report.

2- www.forexfactory.com/  I check the Forex Factory Calendar for any major news releases

3- www.finviz.com/  Excellent source for news, check their news section.

Equities:

1- http://www.finviz.com/ . Again excellent all round site with all kinds of information.

2- http://www.seekingalpha.com/ . Check  ''Wall Street Breakfast: Must-Know News'' its published daily and prepares me for the new day.

Checking these sites daily before trading is an excellent way to start the day informed of all the action that took place prior to the open of the market.

GG (Gold Stock)

Heres a good chart of GG reflecting the hidden strength in gold.

Diamonds (DIA ETF)

Heres a chart reflecting the current strength of the DOW 30 ETF, the Diamonds.