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MDMN
Ditto CDCH!
CDCH
This may be the last day and is very likely one of the last few days left to acquire shares before the real fun begins and we revisit prices at the far left of the first chart, and beyond...
Gold Contract update from last night
Here's an updated chart to the IHS formation I played a couple times yesterday. The target (measured move) is still 1322. I was happy with 1318.30 which was a point short of the high so far. Nice little flag forming here now on this 15 minute chart. Maybe we'll hit that target yet?
CL (Light Crude Oil) Futures Chart
Oil is making a move higher on increased volume. On the weekly chart it's moving off of the lower channel trend line. Resistance looks to be in the $85 area.
On the daily time frame, CL is breaking up out of a 5 month-in-the-making triangle formation. Nice volume as well. If it stays strong into the $83 price it's got a shot into resistance at $85/$86.
ES (S&P 500 e-mini futures) Charts
The weekly candle shows quite a battle going on between the bulls & bears, although with lethargic volume. The 1148.00 level is proving to be a tough one to get through thus far. There was a nice little move higher overnight which is now selling off.
The daily chart shows support on the 10ma (pink) with the moving averages getting more bullish as the 10ma and 20ema have crossed the 200ma. At this rate it looks like a golden cross, (50ma crossing above the 200ma), could occur in around a month, but I suspect price will have moved out of this range, one direction or another, to alter that time frame a little.
Helicopter Ben is speaking again this morning, so hold onto your hats! Eco numbers for today below. The ISM numbers at 10am should have the most influence out of all of them, although consumer sentiment has been creating some volatility as well.
Good trading!
Personal Income and Outlays
8:30 AM ET
Consumer Sentiment
9:55 AM ET
ISM Mfg Index
10:00 AM ET
Construction Spending
10:00 AM ET
Silver Futures Chart
Nice steady climb. Note the increase in volume on today's candle. Time for a pullback here as well? Volume tends to increase at tops of moves before they retrace.
Gold Futures Charts
The rise continues with a new high overnight of 1319.30. The first chart is a weekly interval showing the rising wedge with price almost hitting the upper trend line. Will gold break to the upside, have a sizable retracement, or just keep grinding higher as it has been? I suspect we'll have a retracement at least to the support trend line of the wedge, but it wouldn't surprise me for it to go lower. Once (If!) it shows signs of a reversal I'll post some charts showing some areas of support below where it might bounce.
Weekly chart
Daily chart
We don't like monster moves against us! 
Bought back into that contract after a bounce off support @ 1308.30. Volume coming into it now.
Nice profit! Not a bad day at the office.
Stopped out @ 1308.40. Oh well.
Updated Gold Futures trade
Didn't get stopped out during my beach walk. It was close with a low at 1308.80, only 4 ticks away from my 1308.40 stop loss. The next session begins in 10 minutes and right now I'm looking at 1310.70 bid and 10.90 offer. Onward and upward!
Sounds good to me. No risk now and all profit.
More so common sense and not listening to the criminal factions working over virtually every stock in this penny arena. A lot of trash out there that deserves to be bashed, but a blanket nss on almost every small company is going to give the shorts a headache once in awhile. They've picked on the wrong stocks with C/M and will soon have a huge problem on their hands. Couldn't happen to a lower class of human trash. Gotta love it!
It's because of the comfort you provide whilst holding everyone's hands! 
Ishlub draggin ass today...n e way... REE running again!
Thanks RW... moved my stop limit order up to 1308.40 now...locked in 2 pts ($200) worse case, for $1000.00 total on the trade.
That's the way we like to play!
Me too!
Gold Futures trade...
About 20 minutes ago I bought 5 gold contracts at 1306.40. I sold 4 of them at 1308.40 just moments ago and intend to hold one possibly overnight.
As you can see, this 5 minute chart is clearly showing a very pretty IHS formation (inverted head & shoulders). I moved my stop up on the contract to break even so I've got no risk except commissions on this play. You can see that I drew two necklines on the chart; one traditional neckline that is in white, and one in blue that is a horizontal resistance line. I'm choosing the more conservative neckline to determine my target price to sell this last contract. The target price is 1322.00 which, as fate would have it, will also tag that top uptrend line on the daily chart which I'll repost below. Now since I want to make sure I get out of this trade, I'm setting my limit sell order at a neat 1321.40. I'll update the chart when I either stop out or hit my target price.
I don't think she could have done better! 
Stocks extend gains after unexpected climb in Chicago PMI data
09/30/2010 09:55:39 AM
Unexpected???
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