Minimize

Welcome!

A new indicator with some trading strategies for next week

Cory
December 6, 2019
Comments (21)

Allison Ostrander kicks off today by sharing a new indicator that she recently developed. Claiming that this indicator can be a crystal ball we look at a few charts that Allison is trading heading into the weekend.

I asked Allison off mic about GLD, GDX, and SIL. Here is what she had to say…

“Last week GLD printed a bullish divergent bar and saw follow through off a higher this week. This week appears to be a normal bar for GLD.

GDX and SIL were both similar to GLD bullish divergent bar last week and follows through with a higher high this week. And the current bar appears to be normal


I will note that GDX did make a bullish divergent bar last month (November) on a monthly chart, so this month or in next couple of months there is a high probability GDX will see a higher high above 28.16″

Click here to listen to the webinar where Allison outlines this new indicator.

Apple Google Netflix Technical Outlook
Discussion
21 Comments
    Marty
    Dec 06, 2019 06:12 AM

    Crystal ball or crystal bar, LOL

      Excelsior
      Dec 06, 2019 06:18 AM

      I’d rather check out the crystal bar. The weekend is upon us… 😉

    Excelsior
    Dec 06, 2019 06:22 AM

    As Trade Talks Hang By A Thread, A Soybean Problem Emerges

    By The Real Heisenber – December 4, 2019

    “In addition to the rather challenging math around getting farm purchases from the US anywhere close to the levels Trump wants on a sustainable basis (i.e., beyond a year or two), China is constricted by the realities of Beijing’s retaliatory tariffs.”

    “Beijing has, you’re reminded, extended some waivers in order for domestic buyers to purchase US agricultural products, but as Bloomberg noted in October, “waivers are seen as being impractical for volumes as large as $50 billion a year”.

    “Well, as it turns out, Chinese soybean buyers have now exhausted their capacity under those waivers.”

    https://heisenbergreport.com/2019/12/04/as-trade-talks-hang-by-a-thread-a-soybean-problem-emerges/

    Excelsior
    Dec 06, 2019 06:25 AM

    (MKO) (MAKOF) Mako Mining – Infill Drilling at San Albino Intersects 47.09 g/t Gold Over 2.1 Meters (Estimated True Width) Thirteen Meters From Surface

    https://makominingcorp.com/news/index.php?content_id=129

    Matthew
    Dec 06, 2019 06:36 AM

    GDXJ backtest and gap-fill (almost; a 15 cent gap remains);
    https://stockcharts.com/h-sc/ui?s=GDXJ&p=D&yr=0&mn=7&dy=0&id=p16426661880&a=704132137

      Matthew
      Dec 06, 2019 06:54 AM

      Update: GDXJ just filled the rest of its gap.

    Excelsior
    Dec 06, 2019 06:37 AM

    Reasons Why Yukon’s Ascending
    The Calandra Report / By Thom Calandra

    PG Premier Gold, VIT Victoria Gold, GZZ Golden Valley, RZZ Abitibi Royalties, AUY Yamana

    https://thomcalandra.com/reasons-why-theyre-ascending/

      Wolfster
      Dec 06, 2019 06:56 AM

      Hey Ex. I got a report that was sent to me a couple of days ago which I’m pretty sure is the one he was referring to. Was going to read on weekend.

        Excelsior
        Dec 06, 2019 06:39 AM

        Nice – I still like getting Thom’s thoughts on interesting opportunities as he’s his own man.

        Cheers!

    Matthew
    Dec 06, 2019 06:40 AM

    Bullish falling wedge in play for GDX that targets the September high:
    https://stockcharts.com/h-sc/ui?s=GDX&p=D&yr=0&mn=7&dy=0&id=p46082851320&a=703954469

    Matthew
    Dec 06, 2019 06:46 AM

    SLV has finally reached its 30 week MA:
    https://stockcharts.com/h-sc/ui?s=SLV&p=W&yr=4&mn=1&dy=0&id=p26491997510&a=619821453

      V. Andolini
      Dec 06, 2019 06:07 AM

      Great charts Matthew! Keep’em coming!
      One of reasons I come here.

        Matthew
        Dec 06, 2019 06:08 AM

        Thanks V. Andolini, I will!

    Matthew
    Dec 06, 2019 06:09 AM

    IMPACT Silver has been my favorite stock to watch for signs that the sector is turning and today it is perfectly confirming my bullish bias.
    https://stockcharts.com/h-sc/ui?s=ISVLF&p=W&yr=3&mn=11&dy=0&id=p51510019549&a=642610362

    Matthew
    Dec 06, 2019 06:22 AM

    GDX has a P&F chart price objective of 52.50~54.00 and I think it will get there more quickly than most expect once 31.50 is cleared.
    https://stockcharts.com/h-sc/ui?s=GDX&p=W&yr=7&mn=11&dy=0&id=p15644633252&a=484019228