MU - Intraday - Buy Signals

Earlier in the month I said that semiconductors would go into consolidation and one should accumulate. The chart I posted showed the area in which to accumulate, and the price has recently descended beyond the price targets but is at a support line. The intraday charts is oversold and a bounce is due. Pollux Technicals strongly believes this is an area in which to buy MU.

HSI - HANG SENG revisited.

Let's see if overseas markets can save US markets. Hang Seng(HSI) is consolidating and a possible head and shoulders bottoming pattern could be emerging. If we get a breakdown, look for it to head to the breakdown target where support exists.

DJIA - Entry Points

The 1/3 QUAD strategy would be completed as of today. This would be the 3rd point in which you would re-enter the market.

The 1/2 QUAD strategy is hitting its 2nd entry point today. This is where you would re-enter with capital knowing that you could possibly have a third point of entry soon again.

Look at the indicators - MACD's testing lows soon. RSI is hitting bottom. Fast Stochastic has been dragging for awhile. A bounce is highly-probable.

C - Sell-Stop Warning!

We have to respect that the technicals could deteriorate further giving us a sell-stop warning. Volume is large and if the bounce doesn't occur then more downside risk is ahead. Look at the MACD's which could easily turn down and test that November -3 level.

Recommendation - Sell 1/2 the position and if it breaks down below 17.50 sell the other half and move on for now.

UNG - Throwback in process.

A throwback is occuring. Use this as an opportunity to scoop up cheap stock. Green box is accumulation area.

THROWBACK - A price move back toward the entry level of a security that has broken beyond the barrier of a price pattern or trendline. The retreat toward the level of the breakout is not uncommon and is used by many traders to confirm the validity of the new momentum.

AUY - Triangle Breakout - BUY

Look at the technicals - they are shifting. Gap open today. Momentum is up and fast.

FCX and PCU

Positive Technicals for PCU and FCX. Watch for volume to increase for confirmation of more upside trending. Watch copper prices trying to break out of its consolidation for more ammunition to get bigger and longer.