thanks

Ok to buy GDX Now? What stop loss?

Thanks

Depends if Trump farts or not ? 50/50

Would you kindly share your thoughts regarding picking which month to trade for the future contracts? For example, I am looking at /NG to long. I think /NG price should go up when winter comes, and right now, summer is getting closer to the end, so /NG should be at a lower price. The /NG Aug, Sep, and Oct contracts are all below $3, yet the Jan’ 27 contract is over $4. Should I choose the nearest contract and keep rolling over, or jump into the Jan’27 contract now if I expect the /NG won’t have big moving up until close to the year end?

Thanks,
Dan

Thanks for your thoughts, i look elsewhere and wait.

T3 (final target) was hit with the expected pullback & each former target/resistance level, such as T2, is now support, as would be more downside to T1 & the intersecting 200-day MA’s (a better re-entry point, IMO).

Due to this high-level PPO bearish crossover & overbought (RSI 70+) conditions, my preference would be to wait for either more downside or some consolidation to work off the overbought conditions before taking a new long on KMB. Here’s the updated daily chart. So far, they bought (as was likely) the initial pullback to T2, but again, better fish to fry elsewhere with better R/R‘s, IMHO.

Nice call on the KMB Trade. WIth the drop in the price after it hit your target i’m thinking it might be a good candidate to accumulate for the longer term. Any thoughts?

You meant another up day Friday is that right

Thanks

Much appreciated.

I don’t have a good read on the chart of FFIV. The stock has some pretty decent negative divergences on today’s new high, so I wouldn’t chase it here. Yet, I can’t make an objective case to short at this time.

However, FFIV is in a solid uptrend without any sell signals, although a break below this rising wedge pattern would trigger one. Here’s my daily chart with potential price targets, should the stock trigger a sell signal anytime soon.