Technically Significant Breakouts
It pleases me now that the recent rally in the market looks like it held up after today’s action.
Disturbed by the prospect of missing out on the bullish optimism, I bought a number of stocks today that have broken out like a funky monkey, including:
[[AKS]] at 58.40
[[APA]] at 121.54
[[CLF]] at 128.77
[[HP]] at 48.05
I read that over 70% of all crop production on the planet is by irrigation, so I had to play in the pseudo-favored Ag sector again with [[LNN]] at 107.20
Keeping my stops tight, though.
Also sold all my [[GLD]] at 89.37 (it’s headed down to below $80)
Bullish assault that started on Tuesday is still intact.
That is all. Good night.
3 Responses to Technically Significant Breakouts
Nice. Good breakout pics. I’ve been watching all of those.
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I’m starting to get more bullish than I was last week.
If we finish off the week at these levels, it’s looking better for the bulls.
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The CoT report seems to still be a mixed bag so I agree on the whole keeping a tight stop.
http://www.technicalindicators.com/cotstocks.htm
Anyone know where I could find a more sane report format?
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