FYI… As luck would have it, the server that Right Side of the Chart is housed on at my web hosting company crashed today. The front end of the site (the part you see) has been on & off-line since this morning while I have not been able to access the back-end (administrator) of the site in order to post any trade or market updates until now. As this post will (hopefully) come out right about the time the markets close today and with the back-end of the site still running very sluggish as the server comes back online, I will post some market commentary and trade updates later today.
The gold & silver miners continue to do well with both metals (GLD & SLV) poised to close up nicely today, which is what I was looking for in order to hold out for additional profits on the recent mining stock trades. The recent VHI breakout was sold into hard over the last couple of days which was apparently due to insider selling according to SEC filings (thanks for forwarding those J.N.). VHI closed right on the top of the 2-hour falling wedge pattern, a backtest which is about 4.5% below the previous reaction lows, not a good technical sign. Should the stock trade much lower tomorrow I will close my position and consider this trade stopped out.