Tag Archives: Head and Shoulders

Gold Breaking Down

Gold is down about $16 today and is below some key support.   The set-up is bearish and a little follow through here could lead to another 5-10 percent of downside. Gold should have rocked on QE3 and hasn’t.   In fact, … Continue reading

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Facebook’s Bearish Set-Up

Facebook’s chart is carving out a bearish head and shoulders formation.   A break below $45.25 with some follow-through sets up a measured move to $36-ish.     Stay tuned. (click here if chart is not observable)

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Gold’s Bearish Technical Setup

We noted last month gold’s head and shoulders formation, which, at 125o-ish was met with a massive short covering schnapper.  Last week’s strong GDP and employment data seems to have changed the sentiment and moving up tapering and higher rates. … Continue reading

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Tesla’s Head & Shoulders Formation

Tesla (TSLA)  looks to close below its 50-day moving average today, the first close below its 50-day since March and its big move up (see chart).  It is also testing the $160 neckline of a potential head and shoulders reversal.   … Continue reading

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Still Watching Gold

The gold ETF (GLD) did penetrate the neckline of its head and shoulders formation but bounced back the next day.  Another close below the 125.15 neckline (1291.70 cash gold) with some follow through does set up a measured move  down … Continue reading

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Gold’s H&S Formation

Check out the gold’s head and shoulder formation.   A break of the neckline at GLD, 125.15 and cash glold at 1291.70  sets up a measured move down to $112.75 and $1,1170, respectively.   Keep it on your radar. (click … Continue reading

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