Mar 122013
IAG first target now hit

IAG has now hit the first target (6.25) for a 6.9% gain from the entry yesterday.  Consider booking partial or full profits and/or raising stops, depending on your trading plan.  One alternative to taking profits here is to set a relatively tight trailing stop-loss order just below IAG.  Therefore, if the stock continues to move towards the 2nd or even 3rd target before any meaningful pullback, you will continue to accumulate gains.  The only downside to a trailing stops (other than the possibility of just […continue reading]

 March 12, 2013 2:53 pm  Completed Trades - Long, Gold & Commodities Tagged with:
Mar 122013
IAG within a penny of first target + out tomorrow

Just an admin note that I will be on the road all day tomorrow from about 9am ET until well after the closing bell.  Therefore, I will not be able to post any updates or see the look on the faces of the CNBS cheerleading squad when the market gets pounded tomorrow. My current preference is remains taking partial or even full profits as long side targets are hit this week and that includes the mining stocks.  Although the recent price action and breakouts couldn’t […continue reading]

 March 12, 2013 2:07 pm  Completed Trades - Long, Gold & Commodities Tagged with:
Mar 122013
GG long triggered

The recently posted GG long setup has triggered an entry on the break above the bullish falling wedge pattern today.  Target levels have been added along with two suggested stop levels, depending on one’s preferred target and/or stop allowance preference.

 March 12, 2013 12:09 pm  Completed Trades - Long, Gold & Commodities Tagged with:
Mar 122013
Trading Notes

I feel compelled to reiterate the fact that, at least in my opinion, the risks to sudden and sharp decline in the broad market is elevated at this time.  I also wanted to make clear why it is then, that I continue to post and even personally trade both long and short side trades.  At the end of August, I made this post titled Predictions vs. Warnings.  If you haven’t done so already, I would encourage you to click on that link and take a […continue reading]

 March 12, 2013 11:04 am  General Market Analysis, Trading Tips Tagged with: