If 1.65 resistance broken. Target is gap fill to 2.00. But I see nothing in the TA & charts projecting this. Remember one day does not a run make. Especially when the days pop came out of the blue for no reason.

Good luck

Also added LIVE to big board watch list on single bottom bounce 1st resistance reached. Play 5.25 to 6.50 for 25%

Took GFI off watch.

My point is trade the most resent chart pattern. Not the longer term expectation. You could have a negative long or mid term chart, with a positive short term chart. We trade short term! So I disregarded your chart.

Heads up Pennyland on AEGY for single bottom bounce play. 1st resistance reached.



Noticed the OTC has been pretty boring lately. Some how this one has held retail interest seen in the volume, way longer then it should have, with the long down trend. That's a positive.

MSO just closed, hold 5 stocks now.

Shorten up your chart.
Descending triangle
http://stockcharts.com/h-sc/ui?s=$GOLD&p=D&yr=0&mn=3&dy=0&id=p24025395958&a=348042724

Haven't been pro Gold since I called the reverse heads & shoulders pattern, 1350 target, reached in March.

I'm not considering playing miners as a sector play. They're chart plays.

Love the S&P volume yesterday! Pulling, correction overdue buffs side lines cash, back in the market for continuation. (link back)

Long chart; my chart projection target 1960 +/-

Off Topic

I want to post about a subject which has nothing to do with the stock market. But after seeing this article.
Half of American adults personal info, hacked this year!
http://money.cnn.com/2014/05/28/technology/security/hack-data-breach/index.html?source=yahoo_quote

I thought I should post about something I did years ago! Worrying about identity theft, I didn't buy anything on the internet for years. But passing up the convenience made me give in.

What I did was create a separate financial identity for use on the internet. Bank account, credit card, google voice phone number. And kept the bank account cash small, credit limits low and I screen google phone calls at their website, not my phone. Basically all info about me at the internet says I'm a low income poor person. So I keep my target profile small. Hacker won't go after someone with $500 cash, $500 credit limit, was the thought.



Food for thought.

My Jr Gold miner GFI, with a mid term ascending triangle stumbled. Dive had nothing to do with company. They had 2 accidental deaths in 10 days, at mine. If 3.60 holds, we'll call it a channel pattern. If 3.60 falls off watch.
New plan; 3.70 to 4.30 for 20% -10% tr stop. Large gap above now. IMO come back called for.

Added new Jr miner to watch.
MDW single bottom bounce 1.10 to 1.30 for 18% -9% tr stop.

UEC & ETRM closed today. with RAD & TSYS hold 4 stocks now.

This weeks big board play schedule. (link back watch list for chart patterns) Standing orders in place. Play at your own risk.
Plan the trade and trade the plan!

Every so often I give examples of how I trade. Been a few months. Will try to follow these trade plans up at the board to see how I do.
Using this trading style. http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79890992

Only will be holding 6 stocks at a time, half the number on watch. With luck hope to close 1 and open another, before it triggers entry, but 6 is it, at a time. As funds are position sized for 6 stocks @ 13% average gain. (142% / 11 stocks) Over all trade timing is 2 week swing trades and out, no matter where price is at then. Always monitor and adapt and adjust for less, never more. I'm Saying capital preservation is more important then greed to me! May cut trailing stops early, if justified. Protect those gains !


In play;
RAD 8.00 to 8.40 for 5% -3%
TSYS 3.40 to 4.00 for 18% -9%

Strong watch;

 
  stock  IN    OUT   Gain / Trailing stop   
  MSO 4.70 to 5.10 for 8% -4%  
  MTSN 2.30 to 2.60 for 13% -6%  
  AT 3.35 to 3.60 for 8% -4%  
  UEC 1.75 to 2.25 for 28% -14%  
  ETRM 2.00 to 2.30 for 15% - 7%  
  GFI 4.00 to 4.70 for 18% -9%  
  LEE 4.25 to 4.70 for 11% -5%  
  JOEZ 1.10 to 1.25 for 13% -6%  
  LFVN 1.43 to 1.50 for 5% -3% 
 

PS; The reduced volumes at the S&P, during an up channel, creates a little concern for continuation after 1900 top resistance is broken though. Sentiment saying less feel it will continue. But that makes sense with the market action the past 3 months, while on the sidelines. It's over due, 1890 didn't change sentiment should come back strong, on one of these top resistance breaks. LOL and that will justify a strong change in sentiment and support a strong climb out of the market indecision. Trend is defiantly up. And trend is your friend. We'll see. TA psychology supports continuation and entry/exit indicators are at entry called for. My projected S&P target is 1955, on continuation, 1880 on another retrace.

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p27073323153

The ANAS chart calls for a projected target of .01. Chart sentiment doesn't project what will happen after the target is reached,. So look for a exhaustion candle to signal exit watch.

Most runs end with positive TA indicators, so they don't help much with reversals, unless there is a prior stall or small down trend in price action. Usually the OTC just runs and retraces on retail emotion caused by the lack of big guy selling to feed the move up. The only place you see stalls or weak down trends before reversal is at the big boards. When TA indicator can help with exit signals sometimes.

But if you plan the trade and trade the plan, you exit at target and put back on strong watch for sentiment continuation after.

Ps; your doing MUCH better at reading TA psychology behind the price action sentiment.

A heads up on my nemesis OTC stock. PCFG just had over 418 mil volume traded in 2 days. With average @ 25 mil. Management is playing with debit assignments again. Became current with SEC disclosers. SMOKE ? The amount of cheap shares held by VC's is increasing. Still watching for possible OTC game pop or reverse merger. Something. LOL

Banked nice gains twice this year, 3's a charm, I hope. LOL

Re-entered RAD again & TSYS from strong watch list today.

IMO forget PVEC

ANAS Trade the channel.

If 27 resistance broken, I'd expect 29 top up channel target.

$5 & under; big board watch list.

MSO - flag
TSYS - flag
MTSN - Single bottom
AT - High tight flag (Late)
UEC - flag
ETRM - ascending triangle
GFI - ascending triangle (mid term)
LEE - double bottom (Late)
JOEZ - single bottom
LFVN Run/Retrace/Channel day 16 expect Break @ 16 to 19 (up or down?)

RAD - ascending triangle $8 bucks

.0001 to .0002 plays are where every beginner tries to start. 100% gain seems to easy to believe. Don't believe it! It doesn't work.

Mainly because your one of many playing and the first in first out trading queue. By the time you finally close @ .0001, there many be a hundred others in front of you, trying to get .0002. And you'll end up holding for months, before you move to the head of the queue.

To become successful trading you, can't tie up your cash that long. And the larger you buy in, the longer it takes to sell out. Never buy more the 10% of the average daily volume or your trade will need to be broken up into several closed trades.

SEEK chart and "V" bottom trading comments.

You did well with chart and TA eval.

As usual I'll add/repeat my thoughts about "V" bottom plays.

After bear flag FIBs hits 61%, there are 4 support levels to cross for bear flag target and the odds of a successful "V" bottom target being reached is better. So I use that for entry, missing some of the play, but lower risk of entering a successful bear flag.

Then strong watch for throw back high break, for re-entry on trend reversal sentiment. Continuation sentiment on trend reversal "V" bottoms are usually resistance levels of a single bottom bounce play.

So in this case re-entry target would be throw back high, then .005, and .006+/-, as you trade the mid term single bottom play.
http://stockcharts.com/h-sc/ui?s=SEEK&p=D&yr=0&mn=6&dy=0&id=p44756285517




Old post video on "V" bottom trading. GOOD one !!!;
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=97598180

FITX

Actually lost support @ .08 and should have walked away (when I posted about that). Support at .055 is death IMO, event with gap above. 7 days red and NO darkside support. No cheap held shares left for sale ! It's defiantly in "long & strong" herd, bag holder territory now. TA terrible, for 2 weeks. Since .08 break.

http://stockcharts.com/h-sc/ui?s=FITX&p=D&yr=0&mn=6&dy=0&id=p86688854326

Board readers;
Learn to sell retraces !!!

MSO re-entry update (big board)

FIBs bounce play active, 38%. Strong watch for low risk top resistance break flag entry. Volume would be nice, but price action, on this one, volume is not mandatory. TA slightly positive @ a null. 2 step entry OK. small then larger @ resistance break.

USPR

http://stockcharts.com/h-sc/ui?s=USPR&p=D&yr=0&mn=6&dy=0&id=p52039909563

IMO little guy day/swing trading channel stock. Actually not a bad place to trade for a little guy. It's like going to work once a month for a 25% swing trade .12 to .15.

niobf pr today

NIOBF

I've had NIOBF on watch for flag top resistance break for weeks. Like the gap above, but want more volume interest to get into that the gap fill area.

Ps; the FIBs rule worked again.

The more you see something happen the more you can rely on it!

Rule: If 1st retrace bounce comes from 38% or above expect top resistance broken, from 50% expect top resistance reached, from 61% expect 38% bounce and below 61% should see 50%.

Bounced at 61% to 38% first bounce.

Been thinking about doing a post about dividend investment again. While evaluating my choices, NYMT & ARR, I noticed something which deserves close watching on my part. Giving me a perfect opportunity to discuss dividend stocks. The general subject is easy to understand, but later in the post the required investment actions may be harder to understand. It's a long post and IMO will help those wanting to learn dividend investing. Because investing does not mean hold for ever.

In this world of wage earners vs. profit earners, the rich profit earners are far and away out preforming in the USA. This is why I spend so much time trying to teach wage earners to become profit earners, trading the markets. And dividend stocks should be the meat & potatoes of every little guy portfolio IMO.

You should have at least one good long term holding, giving a reliable income, long term. I recommend REIT's for this. As they produce the largest dividends and run/retraces, for basis rebalancing. Pulling in 15% yearly in many cases.

In the environment the US has been in, since and before the banks blew up the economy. Derivative trading continues to make the rich richer. And CMBS, RMBS, swaps, assets hedged derivatives, repos hedged derivatives, Agency ARMs, Hybrid ARMs are still being used for this purpose. Property REITs invest in these financial products, allowing the little guy to play the big guy games.

Since the 10 year bond continues to fall to the expected bottom of 2.5%, REITs with a 15% yearly return is very attractive. And the option to hold a monthly and or quarterly income producer can build wealth quicker threw compounding. (re-investing dividends back). Ps; monthly dividend stock increase compounding, thus over all long term wealth. So if you have 2 REITs with the same ROI pick the monthly over the quarterly.

But all investments need attention event REITs. Moving out of holdings which have weak Q reports and/or reversing mid term chart patterns and buying stronger, both fundamentally & chart wise, will also increase wealth, just like Quarterly/monthly compounding choices.

My monthly dividend stock ARR is in this place. The chart is walking out of a rising wedge and may retrace after their resent weak Q report. So I started looking for a possible replacement. And event though it's a quarterly REIT like my NYMT, which I also own CYS's Q report is strengthening. So It's on my strong watch list for entry, as ARR is on strong watch for exit. ARR Timed right, I'll get a nice price gain from my basis if exited. And CYS timed right, I'll get a better basis point for entry @ retrace bounce, then entering now at highs. Both ARR & CYS have 14.5% dividends right now.

CYS also has a rising wedge which is part of the reason I chose it. If the timing works. ARR will retrace, I can exit and CYS will start walking out of the rising wedge and retrace for a buying op just after. The main difference is CYS is getting stronger and ARR weaker, mid term. So ARR should continue to retrace, but CYS should bounce and climb again. Give a buying opp!

This comes from the research involved in the company financials and fundamental needed for long term investment. Unlike swing trading the chart, investing requires some prediction, based on future strength vs. weakness based on changing fundamentals. And comparing ARR & CYS, fundamentally and technically. CYS has the best looking mid term future. So a switch may be required shortly.

See what I mean when I say you even investments need attention. I am always checking for weakness and opportunities.

By the way, if you notice the company actually does try to or does some name change, symbol change, filing update work. It's a good sign any future OTC game will be a Temp Job play not a pump & dump play. Lasting 3 months, not 3 to 5 days.

Pump & Dumps leave everything alone and don't spend extra money when their original reason for buying the empty shell was to scam the retail herd.

Those spending money are trying to grow the company with 3 years of future VC funding deals. These usually produce Temp Job runs every year of funding. Each 3 month run smaller then the year before.

This was a Vince McMahon business error. His wife is no longer running the business, she's in politics. He released WWE streaming service while negotiating a NBCUniversal deal. Doubt price will come back for a long time.

http://investorshub.advfn.com/boards/replies.aspx?msg=102184621

NOHO




OLD chart post

Reverse mergers are the start of a new OTC game. It takes time for management to locate and get a venture capital firm to talk funding deal. Then the price and volume pop to prove manipulation will work for VC to get profits from actual funding. I'd ball park the average new OTC game start between 3 to 6 months after shell shift.

LQMT

Looks free trading with over all sell pressure for months. Expect a strong move soon. Negative chart pattern.

WOW

I see FRTD is joining the reverse merge group, at the OTC and is having it's usual un-educated price serge. CAUTION

It now joins UNGS,FROZ,GLER,MONAD on the monthly OTC watch. An unusual amount of reverse mergers taking place on the OTC this spring!

Take the chart patterns, I drew, away and look at the price action. The red comment was about the price action, not chart breaks. It was a day pop, not change in sentiment which continued to climb. The comment was mainly about No real change in sentiment to cause continuation of a climb higher. AKA It was a manipulated price action. Not retail driven sentiment change.

Thanks as usual.

Yes' turn log scale off and chart will be equal distant between price levels. Sometimes if your working a long time at stockcharts, when you return to a chart, it will be back on log scale and your settings will change. Just refresh the chart, by clicking "UPDATE" and your original settings will return.

Noticed I should have deleted your AMBS post as SPAM. But the damn chart was interesting.

Posting promo to multi boards is considered as spam on IHUB and it can get you put in IHUB jail. Incase your not aware.

TURN LOG SCALE "off" on your charts and read link for my opinion on using long term charts for the OTC.
http://stockcharts.com/h-sc/ui?s=AMBS&p=W&yr=3&mn=0&dy=0&id=p64446546198


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