3309 Drysdale Ct
Edwardsville, IL 62025
Gold/Silver ratio nearing all time highs
Airlines and Cruise Lines bouncing today while shipping,
railroads and trucking continue to sell off. Spirit
(SAVE) leading the way with a 10% rally.
MNK on fire today!
SHOP - Potential upside break of triangle ? or reversal at
SHOP (short) - Taking back all of yesterday's gains this
morning. I exited on the sharp reversal near the open.
But hopefully it's just a back test and those still in the trade
will see further profits.
And KGC down 14% - also on earnings
Yes, very suspicious to my eye
HL - Notable horror
Down 12% today. Glad I took profits on 11/4
TEVA - up on earnings
I bought yesterday at $1.80 support and today its bouncing
nicely off its uptrend line. Breakout level is way over head at
It appears to be forming a bull flag on the 15 min chart just
below the $1.50 resistance
The shipping index SHX has formed a nice bottoming and is on the
verge of either a breakout or a retreat.
Meantime many shipping stocks are popping nicely (DHT, DRYS,
I've been playing Nat Gas a bit this past week. I got in too
early at the bottom and was stopped out; thereby missing the
bounce. But when UNG hit the downtrend line at $6 resist I took a
swing, double short with KOLD. Got stopped out today with a 21%
profit. Now the question is: what is today's bounce? a double
bottom reversal? or a bear flag for another leg down? Matt feels
UNG will go to its 2002 lows, so a bear flag may be another
shorting op via KOLD.Personally I don't see UNG reversing here, so
if the bear flag becomes a Bull Flag, then I see it being range
bound for some time between $5 and $6 which could also be
profitable using either KOLD (short) or BOIL (long).
Any comments or insights from others are very welcome :-)
On the move, I'm in at $3.30
up 16% at $1.01 let's see what it does here
Thanks for the correction
Nice looking chart, I'm in at 79 cents but I think there is
quite a bit more upside to this one. It reported good earnings a
few days ago and pays a dividend on Feb 7th.
In my experience, the OBV zero reading on multiple time frames
is a somewhat objective method for picking near term bottoms.
CLSN up 7% from this mornings low and should continue upward based
on the inverse HS pattern on the 5 min chart.
Guess I read your mind
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