Market. The market is focusing on the volatile results of a small number of tech basked companies and overlooking the great returns of many strong companies in the broader market. However, the US market looks like it is forming a double top, which is a bit worrisome as traders could see this as a time to take profit. A natural drop of 80 points on the S&P500 would not surprise him and a failure to continue to make a new high would only confirm a potential larger sell off.
The chart looks good at the moment. This has formed a double bottom around $1.70 and has been trading steadily higher. This is a good bargain potentially and has moved through resistance around $3. As long as energy prices continue to do well, it could rally by another $0.50 with $2.60 as key support.
A lot of consolidation around $6 over the past two years. The rally in April was solid and there is likely some profit taking going on. He is concerned about a potential drop to $7 very easily with a 6% drop today based on lower oil prices. It looks very tricky right now and it looks risky right now. (Analysts’ price target is $11.39)
The chart looks decent and volume has been strong. You could add to your position with a $4.00 stop. Towards the end of the year, when real earnings occur, there will be a market re-evaluation of this space in general. He would not invest in this space for his clients. (Analysts’ price target is $8.50)
Gold is one of the worst investments currently, unless you are lucky to catch the right trend at the right time. The volatility on these holdings is nuts. Gold prices are well off the highs. He would see support near current levels, which if broken could take this below $4.00. A break above $8.00 might attract him as a buyer.