A Cup of Coffee with a Metal and Miner for Your Weekend Brunch

The following is just a small excerpt from my latest Weekly Strategy Session (please click on that hyperlink for details about trying it out). which I published for members and 12631 subscribers this past Sunday. 

Last weekend’s analysis of commodities revolved around coffee and crude oil. Crude turned in a mediocre week, with the USO ETF still needing to decisively clear $38 to the upside.

However, coffee impressed, with the updated ETN weekly chart showing a falling wedge breakout in progress. Clearing $36 is the next upside level for bulls to attack.

Returning to the precious metals and their miners, we know the action has been expectedly volatile and whippy of late. And yet, each apparent breakdown has been met with buyers stepping in, fearlessly, to stage a surprise rally. or at least stem the tide of selling. 

First, the gold and silver ETF weekly charts illustrate…

Please click here to continue reading

Ladies: Hold on Tight to Your Accessories

X9yoi2W

Tiffany is looking more and more like a short, with its strong, multi-quarter uptrend into early-July now showing its age. Note the base breakdown on the daily chart, below.

Earnings are not scheduled until late-August.

On the long side, China names such as QIHU YY are impressive.

Also, it is nice to see the gold miners reversing higher this afternoon.

_____________________________________________________________

TIF

An Interesting Spread

moldova-food1

We have an interesting divergence in LED land,  with VECO showing potential for a secondary squeeze higher off a base bottom, while RBCN is in danger of breakdown here.

What are you trading this afternoon?

_____________________________________________________________

RBCN

_____________________________________________________________

VECO

A Refreshing Summer Pause

JgmDTUq

After Friday’s ferocious snapback rally, the gold miners are pausing today on what appears to be a low volume, benign consolidation of those gains.

Over $26.83 on the senior gold miner ETF, daily chart below, would likely see me taking a shot at NUGT again for a starter position.

Silver, however, does probably need to firm up its chart better for the entire complex to rip higher again.

Still you can see the highlighted tight consolidation, despite last week’s apparent breakdown which bulls blunted.

__________________________________________________________

GDX

Five Stocks Playfully Damaging Bears

9FV2Orz

Courtesy of The PPT algorithm, here are the most current top five readings from my “12631 RELATIVE STRENGTH” custom-made screen, identifying which stocks are exuding some of the best performances to the market at-large at any given moment.

I look for stocks whose Daily PPT Hybrid Score surges, while the Weekly Hybrid has been negative over the past week. This can often yield stocks which are emerging from consolidations.

Members can click here to view and save the screen.

Sorted for at least 500,000 shares of daily average volume to ensure liquidity.

Please click on image to enlarge.

________________________________________________________

2014-07-28_1252

Doing Channel Checks Into El Pollo Loco

Very good supply chain management….

Also, the 10-minute chart is offering up a nice base over base pattern. Watch it over $30.

_____________________________________________________

LOCO

 

A Cup of Coffee with a Metal and Miner for Your Weekend Brunch

The following is just a small excerpt from my latest Weekly Strategy Session (please click on that hyperlink for details about trying it out). which I published for members and 12631 subscribers this past Sunday. 

Last weekend’s analysis of commodities revolved around coffee and crude oil. Crude turned in a mediocre week, with the USO ETF still needing to decisively clear $38 to the upside.

However, coffee impressed, with the updated ETN weekly chart showing a falling wedge breakout in progress. Clearing $36 is the next upside level for bulls to attack.

Returning to the precious metals and their miners, we know the action has been expectedly volatile and whippy of late. And yet, each apparent breakdown has been met with buyers stepping in, fearlessly, to stage a surprise rally. or at least stem the tide of selling. 

First, the gold and silver ETF weekly charts illustrate…

Please click here to continue reading

Ladies: Hold on Tight to Your Accessories

X9yoi2W

Tiffany is looking more and more like a short, with its strong, multi-quarter uptrend into early-July now showing its age. Note the base breakdown on the daily chart, below.

Earnings are not scheduled until late-August.

On the long side, China names such as QIHU YY are impressive.

Also, it is nice to see the gold miners reversing higher this afternoon.

_____________________________________________________________

TIF

An Interesting Spread

moldova-food1

We have an interesting divergence in LED land,  with VECO showing potential for a secondary squeeze higher off a base bottom, while RBCN is in danger of breakdown here.

What are you trading this afternoon?

_____________________________________________________________

RBCN

_____________________________________________________________

VECO

A Refreshing Summer Pause

JgmDTUq

After Friday’s ferocious snapback rally, the gold miners are pausing today on what appears to be a low volume, benign consolidation of those gains.

Over $26.83 on the senior gold miner ETF, daily chart below, would likely see me taking a shot at NUGT again for a starter position.

Silver, however, does probably need to firm up its chart better for the entire complex to rip higher again.

Still you can see the highlighted tight consolidation, despite last week’s apparent breakdown which bulls blunted.

__________________________________________________________

GDX

Five Stocks Playfully Damaging Bears

9FV2Orz

Courtesy of The PPT algorithm, here are the most current top five readings from my “12631 RELATIVE STRENGTH” custom-made screen, identifying which stocks are exuding some of the best performances to the market at-large at any given moment.

I look for stocks whose Daily PPT Hybrid Score surges, while the Weekly Hybrid has been negative over the past week. This can often yield stocks which are emerging from consolidations.

Members can click here to view and save the screen.

Sorted for at least 500,000 shares of daily average volume to ensure liquidity.

Please click on image to enlarge.

________________________________________________________

2014-07-28_1252

Doing Channel Checks Into El Pollo Loco

Very good supply chain management….

Also, the 10-minute chart is offering up a nice base over base pattern. Watch it over $30.

_____________________________________________________

LOCO

 

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