Stocks To Watch / Market Analysis 11/12/2013 [HD]

2 years ago
69

Right now I am looking to see if the IYR [$63.35] breaks down. If it does then SRS [$21.97] is a buy here and especially if it clips above the 2013 monthly closing high of $23.67. SRS will also be a confirmed buy IF and whenever SRS breaks below $61.66 (the most recent monthly closing high).

For this market to say healthy the Dow goes need to hold above 15,658.36 on the weekly and above $15,680.35 on its daily chart. The Dow weekly, daily and hourly charts are AT THE MOMENT showing that the next big move is lower - albeit - short term for starters.

I also discuss why EWJ [$11.81] still remains a short in my opinion.

I wonder now if the solar space as tracked by TAN [$39.92] is starting to show signs of peaking or stalling after an impressive rally over the last few months.

AS GDX [$23.89] cracks below $24.49 it signals further weakness in the metals.
AS indicated on 11/05/2013: "Watch DGLD [$66.47] if it stays above 65.64 on the monthly. DUST [$32.54] has a monthly buy point of $$34.06 and DSLV [$41.51] has a monthly buy point of $43.95. IF you are inclined to cheat then as long as DGLD holds above $66.47 (and GDX moves below $24.49) then DUST and DSLV are buys here before their official breakouts."

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