JPM was added as Short Setup on July 31st with an entry to be based upon a breakdown of this 14 month uptrend line. The stock did make a solid break below that support level yesterday and moved back higher this morning to kiss the [continue reading…]
GDX closed just shy of my second target (T2) yesterday and then popped higher at the opening to hit that target to basically the cent before reversing. As I never try to milk every last penny from a trade, I had sold the last of [continue reading…]
It’s worth mentioning that today’s large gap down on most of major diversified indices may have put Island Cluster Reversal Patterns in place. By most definitions, these patterns are defined by an “island” of candlesticks surrounded by roughly equal gaps on each side. Over the [continue reading…]
A “tip jar” has been added in the upper right-hand corner of the home page as an easy & secure way to make a donation to the site, for those who wish to do so. All donations will be used to offset the cost of [continue reading…]
T2 (the 2nd and final target) on SIL has been revised to a target zone to include this previous reaction low. As SIL is up 29% from the last posted entry, consider booking partial or full profits in SIL as well as most or all [continue reading…]
SSRI is now up a whopping 64% since first mentioned as a favorite in the mining sector less than 2 months ago. Although T4 has a chance of being hit, I am revising T3 (current levels) to the final target on this trade & would [continue reading…]
KGC has hit the first target (5.97) and is up about 33% from the June 26th post. Although the chart remains longer-term constructive, the odds of a pull are starting to rise. Therefore, consider booking partial or full profits and/or raising stops.