Market signals update - Buy

I have buy signals on the daily charts which extrapolates to short term.

US markets - Buy, I would buy any dips in the market.
Gold - Buy with a target of 1690$ and then I expect sell off to ~ 1300$
Crude oil - Neutral to bearish, I would stay away from it.

I have some good and interesting charts which I will share within 24 hours. BTW, I am ignoring the FOMC meeting. There could be some volatility but my signals include all of that volatility and much more.

Good trading all!

Chipotle Mexican Grill Inc.

Descending channel breakout to the upside. RSI also formed a price divergence on 3 prior price lows. You can also see a false channel breakout last week.

Buy list

PAYX above 32.39$, UNP on a daily close above 116.2$, buy HFC here, buy HSY here; Use 7% or appropriate stops as mandatory.

GDX and GLD are on the buy as well.

 

Forest laboratories Inc.

Forest Labs (FRX) broke out of the consolidation nicely last week. I have a buy call for this ticker at this time with a stop below 33$, below which you go short on this name in case the breakout was false.

CMG has been trading in a descending channel for the last 2 months with the RSI forming a positive divergence with the price. RSI has been forming a higher low while the price was forming a lower low. I am looking for a channel breakout, not yet. There was a false breakout on thursday, so I would be looking for a close higher on the channel. Don't buy before the breakout, use a 7% stop.