Allison Ostrander - Market and Induvidual Stock Comments – Fri 6 Dec, 2019

A new indicator with some trading strategies for next week

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.

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Comments:
  1. On December 6, 2019 at 7:12 am,
    Marty says:

    Crystal ball or crystal bar, LOL

    • On December 6, 2019 at 7:18 am,
      Excelsior says:

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

  2. On December 6, 2019 at 7:22 am,
    Excelsior says:

    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/

  3. On December 6, 2019 at 7:25 am,
    Excelsior says:

    (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

  4. On December 6, 2019 at 7:36 am,
    Matthew says:

    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

    • On December 6, 2019 at 10:54 am,
      Matthew says:

      Update: GDXJ just filled the rest of its gap.

  5. On December 6, 2019 at 7:37 am,
    Excelsior says:

    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/

    • On December 6, 2019 at 8:56 am,
      Wolfster says:

      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.

      • On December 6, 2019 at 9:39 am,
        Excelsior says:

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

        Cheers!

  6. On December 6, 2019 at 7:40 am,
    Matthew says:

    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

  7. On December 6, 2019 at 7:46 am,
    Matthew says:
    • On December 6, 2019 at 8:07 am,
      V. Andolini says:

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

      • On December 6, 2019 at 9:08 am,
        Matthew says:

        Thanks V. Andolini, I will!

  8. On December 6, 2019 at 8:09 am,
    Matthew says:

    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

  9. On December 6, 2019 at 9:22 am,
    Matthew says:

    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