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The market uptrend is flexing its muscles this morning, with a poor durable goods number pre-market being tossed aside like Ryan Braun’s urine sample. What stands out the most about this tape are the vast number of individual stocks that have digested their recent advances well, and actually are starting to make a push higher for secondary breakouts, such as BWLD CTCT JIVE LULU PIR SCSS TFM, just to name a few.
The precious metals and miners continue to impress me, making major technical strides on a daily basis. One of my longer-term swing trades inside 12631 has been SLW, and I am still holding that silver miner with a full position. I also think EXK has incredible potential to break out from a tight consolidation on its daily chart. Regarding gold and the gold miners, the metal itself, or the GLD ETF, looks to be out in front.
No uptrend lasts forever, especially without a price correction at some point, but I still have little interest in trying to time that event when the market is acting constructively.
Agreuuuuuuud.
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LMAO, is that Bob Sapp?
EXK bitches!