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ANR Long Trade Setup

ANR daily April 15th ANR (Alpha Natural Resources) will trigger a long entry on any move above 1.09 with the sole price target of T1 at 1.38, providing a 25.5% gain if hit. The suggested stop will be on a move below 1.01. Waiting for a move above 1.09 would take prices above this downtrend line/falling wedge pattern as well as minor horizontal resistance defined by the recent highs in ANR over the last few weeks. Although a break of the downtrend is likely to spark a rally, waiting just a few more cents for that horizontal resistance to [...]

2017-03-08T21:20:32+00:00Apr 15, 2015 12:43pm|Categories: Uncategorized|Tags: |Comments Off on ANR Long Trade Setup

ANR Final Target Hit for a 46% Gain

ANR hit the final target, T2 at 2.99, last week for a 45.9% gain. T1 (2.46) was hit for a 20% gain just a few sessions early. ANR may be added back as a new Long Trade idea soon but as T2 was the final target, the ANR trade has been completed & will now be archived in the Completed Trades category for future reference. Previous & updated 60 minute charts below:

2014-11-17T13:47:17+00:00Nov 17, 2014 1:47pm|Categories: Completed Trades - Long, Gold & Commodities|Tags: |Comments Off on ANR Final Target Hit for a 46% Gain

ANR Approaching First Profit Target, Second Target Affirmed

ANR 60 min Nov 5th The ANR (Alpha Natural Resources) Active Long Trade is approaching the first profit target (T1 at 2.46), coming within just one cent of that level so far today. Due to the recent bullish developments in the coal sector, I am going to make T2 (2.99) the official next target with the potential for additional targets to be added, should evidence of a bottom in the coal sector continue to build. The high volume surge into and following the recent lows (viewed on the daily chart) are indicative of a selling climax in ANR but [...]

2017-03-08T21:20:43+00:00Nov 5, 2014 3:50pm|Categories: Completed Trades - Long, Gold & Commodities|Tags: |Comments Off on ANR Approaching First Profit Target, Second Target Affirmed

Monday Morning Comments

IWM 120 min Oct 20th I left town for the weekend on Friday & just returned last night and plan to post some updated market commentary as soon as I review the charts. I received several email questions & comments since Friday, along with a couple of donations as well a testimonial (thank you), all of which I plan to reply to as soon as I get my bearings. In looking at the 120-minute chart of the IWM that was posted before I left town, I noticed that the first suggested stop for the IWM short trade was incorrectly [...]

2017-03-08T21:20:45+00:00Oct 20, 2014 10:30am|Categories: Equity Market Analysis, Gold & Commodities|Tags: , , , , , , , , , , , , , , |Comments Off on Monday Morning Comments

ANR Long Entry Triggered, Price Targets Added

ANR 60 min Oct 16th The ANR aggressive long trade setup that was posted yesterday triggered an entry on a break above 2.04 today. Official targets have been added just below the same resistance levels shown on yesterday's 60 minute chart. T1 is the sole target at this time but additional targets may be added. The suggested stop if targeting T1 would be just below the 2.04 former resistance, now support level. Updated 60 minute chart below. I also wanted to reiterate that ANR, like many of the recently mentioned US coal stocks, has the potential to morph into [...]

2017-03-08T21:20:45+00:00Oct 16, 2014 11:32am|Categories: Completed Trades - Long, Gold & Commodities|Tags: |Comments Off on ANR Long Entry Triggered, Price Targets Added

WLT & ANR Long Trade Setups + Hedging Comments

Wash. Rinse. Repeat. WLT (Walter Energy Inc) will once again be added as an aggressive Long Trade Setup on a break above this 60 minute bullish falling wedge pattern. T2 (2.59) is the current preferred target at this time with a final target (T3) at 4.17. Stops will be determined upon entry.  As with the previous WLT long trade, Walter Energy, along with several other US Coal stocks, has the potential to morph into a long-term term trade or bottoming play. However, we just don't have enough technical evidence at this time to make that case with a high degree of confidence [...]

2015-01-02T22:57:51+00:00Oct 15, 2014 3:54pm|Categories: Completed Trades - Long, Gold & Commodities|Tags: , |Comments Off on WLT & ANR Long Trade Setups + Hedging Comments

Long Trade Ideas Updated

Today I plan to update all of the trade ideas on the site in order to remove any stopped out trades or those trade that no longer offer look compelling to make room for some new trade setups which I plan to add over the weekend & into next week. As I still remain longer-term bullish on precious metals & the mining sector, GLD/$GOLD, SLV/$SILVER and all of the individual mining stock trade ideas will remain as Active Long-Term Trade ideas for now but we be remove from the Active Longs category (Active Long Trades are typical swing trade idea) in [...]

2017-03-08T21:20:46+00:00Oct 10, 2014 10:42am|Categories: Completed Trades - Long|Tags: , , , , , , , |Comments Off on Long Trade Ideas Updated