Technical Levels on #Gold Stocks @MasterMetals

 


With the potential for further USD strength in the near-term there is still risk of weakness in gold equities, however unless we see technical levels start to break we remain buyers of the dips.

·         Below we highlight some key levels to watch on a number of gold names:

o   Seniors: ABX, G

o   Intermediates: AEM, DGC, ASR

o   Juniors: KDX, OGC

o   Royalties: RGLD, SSL

 See the whole post here:  MasterMetals: Technical Levels on #Gold Stocks

Looks like markets have hit a top. All indices seem to be turning over, some already have $SPX $DJIA $QQQ $DAX $VIX

Looks like markets have hit a top. All indices seem to be turning over, some already have $SPX $DJIA $QQQ $DAX $VIX pic.twitter.com/G3pQl0kdn2

— MasterFeeds (@MasterFeed) April 28, 2016

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Are financials about to break out? $XLF $BAC $JPM $C

Financial Stocks in the U.S. look like they're breaking out on the upside! - Same thing in Canada

 

 

The attached chart 1 shows the ETF Financials Select Sector SPDR (XLF) US$ 22.93. This ETF reflects the financial stocks and the components of the index is shown in attachment 3.

 

Attachment 2 shows the Point&Figure chart

with the huge upside breakout in 2015 at US$ 16 for a 50% gain. Since July last year XLF has been forming a triangle formation and we expect a breakout on the upside in the next few weeks. The advance yesterday (+2.2%) was  because JPMorgan released better than expected earnings (US$ 1.35 versus expected US$ 1.26).

 

In Canada, the S&P/TSX Capped Financial Index (XFN CAD 30.55) is approaching the all-time high of CAD 31 (attachment 4). And this despite all the mourns  of the investors about Canadian banks to be too heavily

involved in real estate and being exposed to the big oil sector in Canada. 

Canadian banks, as per the World Economic Forum, are the soundest banks in the world. When you compare the stock prices of the Canadian banks to the stock prices of some big banks in Switzerland or Europe you

will notice what we mean!!!