NUGT has dropped about 12% from where it was suggested to book profits pennies off yesterday's highs. Now it looks to offer a new objective long entry here with stops not too far below. Bounce target 11.28.
Long Setups are stocks or ETFs that are in a bullish technical pattern formation that are poised to break-out and provide an objective long entry. This category may also include stocks that have already triggered a entry but still offer an objective entry or add-on, such as a during a pullback to support.
-+*CCU (Compania Cervercerias Unidas) continues to move higher since breaking out, despite the sharpest selling in the broad markets in some time. CCU was posted as a Long Trade Setup on Monday & went on to trigger a long entry on a break above the [continue reading…]
-+*CCU (Compania Cervecerias Unidas) will trigger a long entry on a break above the blue downtrend line. CCU will be added as both a Long Trade Setup (i.e.- a typical swing trade) as well as a Growth & Income Trade Setup, as CCU currently pays [continue reading…]
-+*AVL (Avalon Rare Earth Metals) will trigger a long entry on a break above both the 40 week ema (red line) & this weekly downtrend line. AVL was one of several Rare Earth stocks discussed in the Feb 19th Rare Earth Stocks Video which, at [continue reading…]
-+*Gold prices are now approaching the bottom of the long-term descending-contracting channel as recently discussed in the March 4th Gold & Gold Mining Sector video. To recap, following the recent near-term bearish price action in gold, I discussed one likely scenario to be for gold [continue reading…]
-+*I wanted to update both the REMX (Rare Earth Metals ETF) and TC (Thompson Creek Metals Co.) rare earth stock trade ideas. Starting with the daily chart of TC below, I have added another swing target, T4 at 2.18, which is set just below the [continue reading…]
-+*The TC (Thompson Creek Metals Co.) trade setup posted on Wednesday has triggered a long entry on a break above 1.59. Both the near-term & longer-term outlook for TC was discussed in-depth in the Rare Earth Metals video which was published yesterday. I have also [continue reading…]