APRIL 3 – Too Much Of A Good Thing…
I dont want to overload anyone, but I look at so many charts and when I see what I think are “Good probability set ups” or other “Interesting Ideas” & things to take note of, I’d rather give a variety of info and let the reader take what they want from it.
Let me start with simply something to take Note of…and then cover some trade ideas past & possibly future.
$NDX Weekly– Is this a sign of “Sell in May and go away”? With each “higher High” (Colored arrows) the MACD momentum matched it. Recently,however, we see Momentum waning. Since this is a weekly chart , we could rise for a few more weeks (into May) , but THIS CHART causes me to take note and keep an eye on the strength of the next rise.
I wanted to point out the URANIUM Sector . Since Feb 2011, when JAPAN had a major earthquake & Nuclear reactors melted down, URANIUM has been sold off as a useless element. I think it has BOTTOMED.
Notice the weekly URA chart , an ETF for URANIUM . The downtrend was broken with GREAT VOLUME!
Uranium Stocks are forming Bullish set ups ( I have been tweeting these set ups recently , Please feel free to follow me on Twitter for such Tweets in the future)
DNN – First Re-entry
URZ – Another Uranium stock , Updated another buy at 50sma
URZ breaks through, April 1 . Today it dropped & now is resting back on that line = OK to add here, stop below 50sma I.M.O.
FOR FUTURE REFERENCE- I think COAL STOCKS may be bottoming. They bottomed last JUNE , so take a look at ETF KOL Weekly & Daily below for ex: Rising MACD, rising RSI , double bottom in place.
KOL DAILY – after two sever drops in 2013 , double bottoms seem to be holding . Upside % Gains could be strong- IT is worth watching I.M.H.O.
COAL STOCKS WLT, BTU, ACI, ANR, JRCC etc may still need work, but here are a few charts with interesting set ups possibly forming. Put on a watch-list and let them prove themselves, I will likely be posting buys later .
For “LONGER TERM” investors I wanted to show a stock that has gained momentum in an uptrend and has had relatively safe BUY & SELL areas . I bought MHR is DEC here on a break out from a consolidation, above the 50sma…
MHR has trended upward for a year now, and can be invested as follows for BUY & HOLD investors.
LASTLY- A trade HK , in my last report (ENERGY) looks to have broken out and I tweeted that it may be BACK TESTING that break out with this chart
In my opinion, HK is still a BUY – one could use this break out line as their stop, I think it goes sideways here before breaking higher
There are many like this and I can put them in a future report . This is getting long and as I said in the beginning, I dont want to overwhelm readers here. Please feel free to leave feedback like “I’d like to see more BUY & HOLD set ups” or “I like quicker trades, I seldom hold more than a week” or even “Can you cover sector ETF’s too…I only trade GDX, KOL, URA, JO, SPY, QQQ, etc etc ”
It would help me to hit the target when trying to post quality to you the reader. And as always, Thanks for reading!
wow its hard to pick when most of your set-ups are so good! personally I would like both short term and long term picks, not sector ETFs. thanks for all the hard work alex, much appreciated!
wow its hard to pick when most of your set-ups are so good! personally I would like both short term and long term picks, not sector ETFs. thanks for all the hard work alex, much appreciated!
BUGG! Thanks for the feedback (Are you the BUGG that I know from other forums? If so…I know a lot of people missing your posts). In any case…thanks for reading & again for the feedback .
BUGG! Thanks for the feedback (Are you the BUGG that I know from other forums? If so…I know a lot of people missing your posts). In any case…thanks for reading & again for the feedback .
I’m riding the Energy sector up but am freaked out by the now widely held assumption that the way to get to Russia is by slapping down Oil. Alex, do you have any tells in respect of this. Beautifully clear charts, as ever, by the way.
I’m riding the Energy sector up but am freaked out by the now widely held assumption that the way to get to Russia is by slapping down Oil. Alex, do you have any tells in respect of this. Beautifully clear charts, as ever, by the way.
Supermalc Its funny, another reader asked me if taking pressure off of Russia would cause Energy to drop due to over supply.
My thinking is that most of these charts show that these energy stocks bottomed at a different time than when Russia made its move into Crimea. For ex: look at HK – it has a long base and bottomed in January then moved higher (Pre-Russia) and is still higher today .
Same with VLO (bottomed OCT, dipped, now higher). These stocks wanted to go higher BEFORE & AFTER Russia made its move . Always stay alert to geo political concerns, but the Move was in progress and remains healthy so far- I.M.O.
THX for visiting & commenting! Best wishes
Supermalc Its funny, another reader asked me if taking pressure off of Russia would cause Energy to drop due to over supply.
My thinking is that most of these charts show that these energy stocks bottomed at a different time than when Russia made its move into Crimea. For ex: look at HK – it has a long base and bottomed in January then moved higher (Pre-Russia) and is still higher today .
Same with VLO (bottomed OCT, dipped, now higher). These stocks wanted to go higher BEFORE & AFTER Russia made its move . Always stay alert to geo political concerns, but the Move was in progress and remains healthy so far- I.M.O.
THX for visiting & commenting! Best wishes
Great job Alex!
You have the magic touch for finding stocks that are about to break out.
Great job Alex!
You have the magic touch for finding stocks that are about to break out.
Thank you Steve,
I was also Looking at TZA and Coal stocks (In the report) today too. Like the first chart in this report pointed out….The NAZ & MKTS look to be announcing a top, or at least a decent pullback in the making. Thanks for reading!
Alex
Thank you Steve,
I was also Looking at TZA and Coal stocks (In the report) today too. Like the first chart in this report pointed out….The NAZ & MKTS look to be announcing a top, or at least a decent pullback in the making. Thanks for reading!
Alex