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Might get some grind higher, but the overall deadness in the sector is worrisome, along with the gaps underneath Looks pretty selective .   The NGDs and AUYs look nice and safe for chase trades.  Watching RGLD if it fails under 70.50.  FNV just not feeling it.  TRX lot of support underneath intraday

Gold Leaders For Next Leg of Breakout

Posted by cmunny on 13th of Mar 2014 at 01:25 am

Some disparate action out there in PM land.   A lot of weak big stocks are not going to go too far too soon.  Some leaders a little tired after getting too extended.  Silver stocks look terrible.  After a lookthrough, I'm thinking  we might get gold sector breakout from a deeper "handle" pattern with a couple of wide range bars, e.g. as SAND did, and AEM is roaring up. MUX is the only member of the GDXJ_CMNY_JR to power to new highs, looks great, but used a lot of fuel today.    LSG and SMF.to SEMFF might crawl up a bit, but want to grind more than run.    Top current pick remains AKG.  Lydian (lyd.to lydif), is more developmental Rick Rule pick, but looks great.  TRX broke out after a pedestrian first qtr. We rate all 3 "Buy Chase."  Kirkland also looks like it will get out ... KGI.to kgilf.   GLD close to extension target, but stock indices as a whole have not led or really followed.   Premier gold PG.to looks good, NGD is ok, AUMN should be good for a throw.

Just remind me to fade gap first ... ASM tailed up after undercutting intermediate lows ... looked like opportunistic stop rinsing, though a little gap down at 1.70 remains, but good entry today.

live trading w/ mr cmunny, see if we can get a better bounce than fnv .... ASM just putting in a big tail here on liquidity break

This is what the plunge

Protest on Wall street ....

Posted by cmunny on 11th of Mar 2014 at 11:02 am

This is what the plunge protection team has made me ...

More pulse-pounding analyses ... some 10k block trades showed up with me at the lows, good company

2 week gap fill, intraday wedge ,

FNV gap fill coming at $49.48

Posted by cmunny on 10th of Mar 2014 at 12:09 pm

FNV, core member of our proprietary GDX_CMNY indices, looking to fill gap here at $49.48 today.  We rate it a buy-the-dip, sell puts, etc.  Gaps some distance below, but the one above from last week looks like nice range target.  Not much actionable in the PM space, except these gap fills and range trades. SBGL, leader hasn't slowed down since ATH  breakout.  Signaled rally on breakout last sept. PPP filled range gap , looks good. fnv touches 49.6 just now.

BIS - all but 3 biotechs red

Posted by cmunny on 10th of Mar 2014 at 10:46 am

PM update

Posted by cmunny on 7th of Mar 2014 at 12:35 pm

AKG - Buy Milli Vanilli rating at the $2.16 gap.  Pounding the table for SAND here after the gap fill.   Lows probably in last week on a number of these such as ANV, PPP, etc. Some moseying down to touch out the bottom their consolidations of fill gaps.  PNP.to - our conservative "go for the double" call is being raised to 3x tgt, as the speculative sector leads the charge without delay.  The GDXJ_CMNY_JR subindex is solid with   decent entry points this past few sessions, up 54% YTD vs. GDXJ 29% .  Good adds and holds there, but upside looks like 15% on most of those in the next leg up, unless they undercut their ranges a bit, which would be better r/r.  Any remaining lows on PMs should be put in at $127.62 gap fill on the GLD.  Buy with confidence.

Biotech's

IBB weak today

Posted by cmunny on 7th of Mar 2014 at 02:07 am

  ALXN falling out of wedge.  CELG, maturing death cross.  Stronger ones look like failed breakouts coming, AMGN, etc.  Volume coming into 2x short BIS this week.  IBB , Sector has touched major fibs on retracements in the past, 233 tgt here.

  Since the Feb 6 double bottom, Emerging leader  ACI is up 20 % and maturing from a stealth inv.  h / s,  to a steady hold of the 9 dma. Profitable ARLP broke out, not a tradeable issue.  HNRG, small midwestern concern, low p/e , dividend payer, looks like it will go, good situation. BTU , ANR, WLT about the same as they were  at last look.

Paid for subscription and mortgage, all on a stock pounded down $10.

Some nice little bullish patterns the past few weeks at the bottom of the range.  Were really good yesterday but next leg looks up.  Earnings all in.  None went broke ,yet.  Still some pretty tight patterns and on top of 9 and 20 dma.  My goodness, 5.45 is the reversal point on that down bar the other day and ANR could fly to over $6 quickly.

Golds had a nice rinse of the flag range the past three days and gave some very nice gap fill entries yesterday.  NGD reported (no) ernins , and was stable.  Golds, for the most part, ignoring any bad ernins.    No obvious lows to hit on a lot of these at this point.  TAHO taking the 9dma higher to ATH ... fib line just above that ...expect some pause and a gap after that.  Pilot plg.to , spectac breakout today, 1.68 tgt in play. .... many, many gold sitting just under these 1 year base highs.  RGLD like taho did not back off the 9dma. AUMN $1.42 tgt, holding this flag and 9dma.

GAPS filling on Golds right here , NGD 5.96 or so

Posted by cmunny on 26th of Feb 2014 at 12:00 pm

AUY 10 puts this a.m.

GDX 60 View

Posted by cmunny on 25th of Feb 2014 at 03:05 pm

yeah, i was thinking about you this morning. 

I would tend to think that's a flag not a wedge

GDX 60 View

Posted by cmunny on 25th of Feb 2014 at 02:58 pm

It's so strong it looks like a wedge.  Big accumulation bars on the 13th and the 20th look like buy points, not stops.  Where would you put stops?  These stocks are going to gap higher, by all appearances.   ABX is taking the sector up now, and it hasn't even broken out yet.   AUY and others have a flag appearance and bounced off or near the 9dma.  They have more a triangle / flag look.

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