I'm noticing quite a few bullish trade setups developing in the left-for-dead coal stocks. This video covers the charts of some of my favorites, along with general entry levels (buy triggers) and price targets. As discussed in the video, many of these coal stock are just coming off very strong runs, most into key resistance [...]
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 [...]
The following long trades will be removed from the Active Trades category into the Completed Trades where they will be archived for future reference. Many of these trades already hit one or more profit target while others fell short of the first target before exceeding their suggested stop level or any reasonable stop, if none [...]
This video covers all 8 of the coal stocks in the Active Long Trades category as well as the Dow Jones US Coal Index ($DJUSCL). Following the discussion of the $DJUSCL, the coal stock trades are covered in the following order: ANR, BTU, CLD, CLF, KOL, NRP, RNO & WLT (for those wishing to skip [...]
NRP (Natural Resource Partners) hit the first target for a quick 4.5% gain on Tuesday and has traded through that level every day this week (including today). NRP is one of eight coal stocks in the Active Long Trades category, most of which are currently profitable and several of which have already hit one of [...]
NRP will trigger a long entry on a break above this bullish falling wedge pattern. Daily chart shown, click here for live chart link.
NRP was added as a long setup a week ago but due to the overbought conditions, my preference was to see a pullback first before officially adding it as an active long trade. However, I advised to trade it as you saw fit so for those that took it, NRP hit the first target on [...]