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Let’s face it, all the rocket ships I gave you over the last couple of days are now as egregiously overbought as Mrs. Fly’s Visa Card after a vacation in Paris. I mean, that shit is panting. It’s needs a new magnetic strip and make this next one indestructible titanium, please.
But enough japes about our wives spending habits. What the hell is money good for anyway if you are not going to lay it out for your wife and children to dance through, mazurka-style? And I’m here to talk about money and opportunity.
Those of you who were too timorous to take advantage of the earlier week’s outstanding pin action may be able to take a second spin at the wheel here in the very near future. Almost everything is overbought on my RSI charts (as you will see) and even the $HUI is looking tired after some two weeks of glorious struggle with its support line. You know about the Jacksonians — SLW, ANV, EXK, GDX, RGLD, etc., etc., and they should offer nice opportunities in the coming days as well.
But tonight’s study is going to be some noobs for the Noob community. I have recently put some money into AXU (along w. le Monsieur), but I have not yet dabbled in AUQ or BRD. I believe that may change in the next few days. Here are my three charts, which detail my entry points. I begin with AXU:
And then AUQ:
And maybe my favorite of the three, for the punning eventualities alone, “the BiRD” — BRD:
In the next week or so, I believe everyone will have heard, that the Bird is a word.
Best to you all.
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a Trashmen classic
an even more classic Family Guy reference
for a minute there I thought it was going to be “just say the word … anmd thou shalt be healed”
thanks JG
Yeah, I am not a big Family Guy fan, as it came to being after my “tv phase.” Once you have kids you end up watching much less tube. I was a huge fan of the Simpsons from its inception, but I hardly even see those anymore (although my own kids are getting old enough to become fans themselves… a testement to that shows longevity).
But I was intrigued to see how many references to “the Bird” FG has on Youtube. Obviously, a recurring joke.
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Larry Bird.
Got my buy orders in for all 3…looking forward to similar entry suggestions on the Jacksonians. Thanks again, Jake!
Jake, are you interested in AGQ? If so, around what level would you be entering for a swing trade? Looks like it’s broken over the downtrend line now but that scary fall in early May is still fresh on my mind and I’ve only dared to daytrade it over the last few day. TIA for your time and your thoughts:)
Looks pretty good on the weekly, but I would wait until it breaks $190 to be “very confident.” As for an entry, it looks like a pullback to the 20-day at $175 looks about right, as its a bit overbought on the daily right now.
So, I’d “do nothing” until I saw a break from here above $190, or a retreat to the $175 area.
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Thanks, Jake. I appreciate you taking the time to help me analyze the chart especially since you’re so busy with work and family. I just came back from the U2 concert with my 2 oldest (14 and 12). We had an amazingly time! The husband stayed behind with the youngest 3 (8, 5 and 2 1/2) but the concert was simulcast online so they had fun dancing in the comfort of home:)