chartsmaster

chartsmaster

The AAPL chart is pretty clear that the stock has made at least a short term top. I believe it could trade up to the 221 area today. Anyone long should sell today BEFORE the earnings release. There are two price objectives. First 190 and if the market decline accelerates, 170 would be a good place to cover any short position established here around 221. SELL. Chartsmaster

chartsmaster

Sell this early morning rally. All of these bounces are selling opportunities. There is much more downside to come. You can't have a good buying opportunity without capitulation and we haven't seen anything resembling capitulation yet. It could come later this week? Stay tuned. Chartsmaster

chartsmaster

This morning's dead cat bounce is over. There is still a high probability of a crash this week. SELL. Chartsmaster

chartsmaster

There are only two alternatives, both head in the same direction - DOWN! The ten year bull market left equities extremely overvalued. We can either crash and reprice 25-40% or have a drawn out bear market that does the same thing over a longer period of time. Use this morning's dead cat bounce to sell if you haven't already gotten out of stocks. There is still a...

chartsmaster

I was so wrong about IBM leading the market for a bounce. Instead, it Continues to lead the market Lower. IBM again made new lows both yesterday and Today. This means the market is headed lower as well. Because the market is likely to crash and because IBM is down sharply for the year it will not be a buy until year end/ early 2019. It is almost at a 5% yield and...

chartsmaster

In the first two installments of What's Next (see below) I posted that the market was heading sharply lower, that new lows were coming and that a crash was very possible, with my best estimate being Monday Oct. 29th! Yesterday's action makes that a very high probability. Today's early rally is probably the last chance to get out before the coming freefall. Most...

chartsmaster

Last week in What's Next I looked for the bounce rally BUT said the lows from the week before would be breached later this month. That happened today. My original thoughts(which I didn't post) were that the market could crash next week. I hesitated to post because I thought maybe it would hold up until the election. Today's action confirms that a crash is likely...

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I have been pounding the table for silver, gold and the mining stocks, especially CDE for months.(A bit early and at higher prices but the payoff is upon us) The bottom is clearly in and today the breakout will be obvious. You should be all in, especially in my three favorites, CDE, MAG, & EXK. BUY and hold. Chartsmaster

chartsmaster

Long term investors should consider investing in this special situation. The chart is positive and there is a gap @9 that is almost filled. You can try for 9 but here @ 9.30 is close enough. Use limit orders as this is small and volatile. LOOP has a proprietary technology to breakdown the type of plastic used in water and soda bottles. It allows them to be used to...

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Yesterday, in two postings,(see below) I looked for the market bounce that started Friday to continue for most, if not all this week. I also recommended IBM as a great value opportunity at these lower levels off it's recent highs of two weeks ago. I strongly recommend that long term investors, traders and even short term speculators Buy IBM today before the...

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I submit that value is not an obscure set of metrics. How many so called value stocks end up becoming value traps, because despite their metrics, they don’t provide an above rate of return compared to a safe treasury note or even against the market’s average return? I believe a true value stock is one that with a minimum level of value metrics is priced in a way...

chartsmaster

The stock market rally off the bottom last week should last most, if not all, of this week. I expect it to be supported by good earnings reports especially by IBM which I believe will begin to assert itself as a leader for the rest of the year and next. Don’t be fooled by this week’s bounce! I think last week’s lows will be breached later this month. More specific...

chartsmaster

Last week I recommended, on two consecutive days, MAG & CDE and said that gold and silver had bottomed and all dips should be bought. Yesterday, confirmed the precious metals breakout. You should be overweight gold, silver and mining stocks and underweight the stock market. Buy all dips in gold and silver. Chartsmaster

chartsmaster

The arms that have been holding the "beach ball under water" have become totally exhausted. Gold and silver will now explode higher as a result of that exhaustion. Buy CDE and watch it fly over the coming days, weeks and months. Chartsmaster

chartsmaster

The last few days and weeks price action has confirmed that the precious metals have bottomed. Silver is my favorite and CDE is still my favorite for maximum long term percentage gains. However, MAG has been showing superior relative strength and yesterday's pullback to below 8 is a gift low risk entry point. BUY. Chartsmaster

chartsmaster

In my previous postings on TLRY I said my target range to sell short and buy puts was 150-170 with 170 being my preferred target. I see that while I was away from my screen for a few minutes, TLRY hit 168. That as in "hand grenades and horseshoes"is close enough for me. Today is the day to finish selling this pile of steaming, speculative s..t if you are still...

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I was checking the charts of some stocks that I don't follow daily but had listed as possible future buys. The chart of SEND looks toppy and my target where I would get interested is 26. That is a substantial percentage drop if it falls that much. The earnings are due on Oct. 30th so that could be the catalyst for a drop if it doesn't fall before that? I don't...

chartsmaster

As I said in my post earlier this week(see below) there is a very good chance, probably next week, where you will be able to short TLRY between 150-170. Give it a full trading day after it crosses 150(assuming it does) to see if it can get close to 170. If it does short and or buy puts. Chartsmaster