iBankCoin
Joined Apr 19, 2009
721 Blog Posts

Big Brown Breakout

 BBGirl

______________________

You probably remember this post from the last Thursday  where I posited that the $TRANNIES and their superstar leader $UPS were on the cusp of either breakout or break down.

Here was Thursday last’s potential bull flag on the UPS weekly chart that I thought might bode well:

Well today’s action may have “told the tale,” as good earnings news from UPS seems to have incurred one of it’s biggest single day moves in a year.   Look at the breakout from the handle pattern now;

Next stop is $65 and then some pull-back as per the mind of The PPT.   I think pullbacks on this belleweather should be bought however, as this is a significant move, and augers well for the late summer and early Fall market fireworks.

My best to you all.

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17 comments

  1. Track Philosopher

    Now that delivery driver is well, ah, well packaged. Let’s hope this market can find some direction. I’ve been whip-sawed, teeter-totted, swing-slammed and bedoozle-bugged and my account really sucks.
    So I’m going to bank some coin at Saratoga this weekend. See you there.

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    • Jakegint

      If we go, it’s usually more towards the end of August… possibility.

      _________

      Yes, for some reason my drivers are usually a lot hairier than that.

      Darnit.

      _____

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  2. Blitzed

    Hey Jake:

    What’s up with ANV. For the last year or so it led the pack but it’s been doing much worse than some of the other gold miners lately.

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    • Jakegint

      Some of the weakness seems to be coming from this “meh” mineralization report.

      However, we are oversold, at support on both weekly and daily charts and bouncing off the 34-week EMA (16.31) which has held support since the March ’09 lows on the market.

      IOW, not the time to be selling. If anything it’s the time to be hoovering, given the secular bull.

      _______

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  3. Rand

    Uh mam, you can roll those packages right next to the bed.

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  4. Satanfeller Luciforgan
    Satanfeller Luciforgan

    “Tell me again how elections don’t matter.”

    They don’t matter because nearly all of the main 2008 presidential candidates are members of the Council on Foreign Relations, which is one of many branches of the Royal Institute of International Affairs, based in Europe.

    All pro-UN and Agenda 21. All pro-financial oligarchy. And all pro-Chinese as a model for running the world economy and politics.

    Elections don’t matter. There’s a monopoly and no one knows about it because the central bankers who created these organizations also control the mainstream media and have been doing so since the 1930s.

    Pretending that the dem vs. repub game is real is a game of total denial.

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    • Jakegint

      Those tricky CFR dudes!

      So the fact that zero Repubs voted for Obamacare was what… a big charade?

      You ought to write Dan Brown-type novels with that kind of imagination.

      _______

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  5. sniper6

    There was a big brown breakout in the bathroom of the local Mexican restaurant, last time I took the snippets there for burritos

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  6. sniper6

    the logo on that Amazon.com box is strategically placed, eh?

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    • Jakegint

      LOL. Nice eye.

      “Snippets,” funny. I am constantly amazed at the size and variety of my little ones’ “Big 2’s.”

      _________

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  7. Dilly Bar

    Jake, you’re about to lose all your money when gold breaks down, likely under $1000 soon.

    GLD looks like sheeyite.

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    • JakeGint

      Thanks for the tip.

      ______

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    • goldbugvariations
      goldbugvariations

      Then short it with alacrity, my friend.

      Use DZZ, the double-short ETF, and go on margin.

      Show us all how smart you are.

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  8. mrkcbill

    OT
    http://www.youtube.com/watch?v=fBKulK-qDyU
    Please play YouTube while reading for full affect.[sic]

    Bob Huggins hospitalized for broken ribs in Vegas
    Jul 24, 11:01 am EDT
    MORGANTOWN, W.Va. (AP)—West Virginia coach Bob Huggins is expected to make a full recovery after being hospitalized for broken ribs during a Las Vegas recruiting trip.

    Athletic director Oliver Luck says Huggins fell in his hotel room Friday night and broke four ribs. He was taken to the hospital and held overnight for observation. Luck says he spoke with associate head coach Larry Harrison, who was with Huggins on the trip.

    Huggins is expected to be released Saturday.
    **************************************************
    I bought ANV at like 21 or some shit thought Gold was going to Moonshot. Sold MON at the lows.
    Really digging PPT I think I’m fixin to find my swing. Thanks for blogging Jake.

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    • JakeGint

      I expect ole Bobby was drinking heavily…again.

      ____________________

      Sorry to hear about your ANV and MON choices… those are both long term holds, so you might want to revisit.

      Glad the PPT is working out for you, too.

      _______

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