* Today's Sector Analysis: "Metals & Mining " Institutional Technical Viewpoint
Buy Alert! Dow Jones-UBS Copper T/Ret  (JJC): $46.38 Stop.  $44.38 P-Stop  $57.50 P-Objective
Dow Jones Ind: 13,306.64 plus 14.64 points Sep 7, 2012 * Price Objective: 13,800    Volume Two No. 2445

SPDR S&P METALS & MINING ETF (XME-NYSE): Technical Viewpoint: From a low of $37.10 on Jul 25, 2012 prices rallied, reaching a high of $44.00 on Aug 21, 2012. A decline saw prices pull back, reaching a low of $40.02 on Sep 4, 2012. Another rally saw prices penetrate resistance, closing 9/7/12 at $43.92. Technicals: MACD Index (MACD): A Buy Alert! was given on Sep 6, 2012 when the solid line crossed the dotted line to the upside. Support: Remains at $42.30. Resistance: Is at $44.52. Point & Figure: Reversed to the upside on Sep 7, 2012. A P&F upside reversal takes place at $41.00. Summary: Technical indicators have turned bullish. BUY! SPDR S&P METALS & MINING ETF (XME-NYSE) @ $44.13 Stop: Use a protective stop of $42.13. SPDR S&P METALS & MINING ETF is currently trading @ $43.92 plus $2.14 on Sep 7, 2012. Price Objective: $55.00. Risk/Reward: $2.00 VS. $10.87. Today's Risk Reward Ratio: 5:1

Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study

View full size chart
Price Objective:
$55.00 Risk/Reward:
$2.00 VS. $10.87 Risk/Reward Ratio:

  Posted: Feb 5, 2013  ETPS PLATINUM TRUST (PPLT-NYSE)
  Posted: Jan 7, 2013  HOLDRS Oil Service ETF (OIH-NYSE)
  Posted: Sep 10, 2012  SPDR S&P METALS & MINING ETF (XME-NYSE)
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