mitchdevan

mitchdevan

APT • Next leg $3.00 - $4.00 • Downside $2.00 - $1.50

mitchdevan

AET-UN.TO (ANGYF) – • 22.5% yield, • All of production is in the U.S. • Value of reserves increases as price of oil increases • $7.00 upside once stock has bottomed

mitchdevan

breaking out of two year consolidation, $6.00 - $8.00 upside $4.30 - $3.80 downside

mitchdevan

If the SPY makes a new low for the year, selling could accelerate in May and June which are historically two of the worst months for the averages. A 6% loss from current levels could very quickly turn into a 10%-15% move to the downside.

mitchdevan

DIA still has to fill the gap created on March 17, 2014. When it does, do not be surprised to see the lows of the year tested.

mitchdevan

PowerShares DB Precious Metals (DBP) is showing signs of reversing its rally that began in December 2013. DBP has rallied 10% or more 32 times in the past seven years with the average period lasting 11 weeks. Last week may have signaled the end of the 33rd rally as share prices failed to trade higher than it did in the previous week for the first time in 11...

mitchdevan

Oil trading above $100 a barrel. VDE is testing 127.71 high for the year that would push energy into all time highs, however there doesn't appear to have much momentum and the rise in price may being to weaken.

mitchdevan

GLD is still riding its short term uptrend and is above its 50 and 200 day moving average, but stochastics and money flow are starting to turn downward. There is heavy resistance between the 132 - 138 area.

mitchdevan

Vanguard Energy ETF (VDE) performance has tracked pretty closely to the Rydex Energy Services funds.

mitchdevan

3/24/14 - Today SPDR Gold Shares (GLD) remained above its 50 and 200 day moving averages of $125.34 and $125.52 respectively, but just barely as shares traded as low as $126.03. GLD did not confirm the potential double bottom that had formed and is showing signs of retesting 52 week lows of $114.46. 3/1/14Gold Shares (GLD) Chart - The purple line is 9/6/2011,...

mitchdevan

The purple line is 9/6/2011, where the long term uptrend stopped, and long term downtrend began

mitchdevan

The purple line is 9/6/2011, where the long term uptrend stopped, and long term downtrend began

mitchdevan

Dates represent trades in precious metals funds.

mitchdevan

Dates show trades in precious metals funds.

mitchdevan

DBP 10% price movements