No point in posting $GFI again, you can view the chart in my previous post. I will be buying this gold name above $14.33
More M&A action in Agriculture, makes me want to buy more $CAGC, stop under 200 day.
It’s worth noting that the QQQQs are oversold in The PPT, here is a quick screen shot (check out the new seasonality feature at the bottom):
I’m not comfortable holding longs here, but there is a sense of security when looking at gold. The whole group has been breaking out all week, and in my opinion $GFI is next to go. I’m looking to enter above $14.33:
As far as the market, it is still guilty until proven innocent, as my man Brian from Alphatrends likes to say. Be careful out there.
Comments »First off, let me just say congratulations to the $POT holders. Imagine waking up to this:
The premium paid for $POT cannot be ignored. This kind of action can ignite the sector especially if we get a hostile takeover from BHP. So who’s next?
I couldn’t tell you. But, I can give you strong companies with good looking charts that are just begging for pin action.
First up is $CGA, this Chinese Burrito has the highest fundamental score out of my “Agriculture and Potash” search screen in The PPT. The chart looks good for higher prices:
#2 we have Mr. ANDE, a JakeGint fav. This stock also ranks high fundamentally and is breaking out on decent volume, it goes higher:
#3 is a beauty, $CAGC. Mr Chart Addict approves of it and that is all you need to know:
And, for you biotech lovers that like to blow off your arms. Take a look at $DNDN, $SQNM, $VVUS.
Note: I will be away most of the day. See you near the close.
GLT.
Comments »Forgive me for my absenteeism around these parts, but I’ve been busy banking coin on the other side of iBC. You see during trading hours, the real action can be found in the user notes section of The PPT. In this area, there are a bunch of professional traders sharing ideas on how to rape mother market of all it’s coin using the mathematical model that The Fly ever so kindly put together for us.
Heading into the day I was long a large amount of $TNA, by the end of the day I booked a nice profit selling my shares near $39. I swear it was like an orgy this afternoon with all the TnA flying around.
Other than the TNA orgy, $PCBC was icing on the cake, and I don’t think it’s done going higher. Here are my notes:
It’s about time you step up to the plate and join The PPT, and for you guys who are already members, I’ll see you on the other side.
Today we saw money flood back into gold stocks as many of the charts I listed in my previous post moved higher, especially $SA. The group still looks good here and will have full attention tomorrow.
One of much interest is $NGD. This stock is ranked #6 in The PPT country club, and looks poised to spring higher off the 50 day moving average. You gotta love this look:
So if you didn’t catch my last post, go check it out. A lot of the names still apply here.
And, here is one of my favorite screens inside The PPT, notice #1. Keep any eye on the group.
