Bye Bye 2019 – BUY BUY 2020

This is Dec 31st, the final trading day of 2019. As mentioned in the weekend Big Picture Report, many Charts are setting up to make 2020 look like it will be a great year for trading / investing / Making Money.  Lets take a look at the charts and see what the current set ups look like going into what should be a lighter volume day of holiday trading  ( Although I think you may remember what happened when I said that for last Tuesdays 1/2 day trading before the Christmas holiday).

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Weekend Review – The Good News First

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Well, getting to the good news first shouldn't be very difficult this week:  It was ALL good news.  🙂

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December 26th – As Expected

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Well, a holiday shortened week can be a light volume non-event, but it sure wasn't this week! We have been anticipating a likely Bullish Break out in the Precious Metals sector, and that is exactly what we got.  Even the volume on Tuesdays 1/2 day of trading was heavy, so while we discuss progress of a few of the other sectors, we are going to focus on Miners a bit more in this report.  ARE YOU RESTED & READY FOR ACTION?  THIS SHORTENED HOLIDAY WEEK MAY NOT BE TAKING A REST  🙂

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Dec 24th – Gold

Hello and welcome back to Chartfreak. It has been a while since I did a public post, so what have we been busy with? While we have traded a variety of trade set ups, like AMD, MU, ENPH, VSLR, and other stocks like it in the General Markets, but we have also been watching the Precious Metals Sector very closely. Why? Well we caught the lows in May and rode many Miners higher into September. Some stocks like EGO, SBGL, HMY, DRD, etc doubled and tripled. After a strong rally, you often get a top and a consolidation period, so we exited leverage in August and sold many Miners in September, anticipating a consolidation period and then another strong run higher. Some individual Miners are still running nicely, like SBGL, SVM, HL, CDE, etc, so we continued to trade those, but we have been watching the correction in GDX, GDXJ, SILJ, etc closely, and I wanted to share what I am seeing now.

Monday Gold pushed a bit higher and it has closed above the 50 sma. On what would normally be a light volume week of holiday trading, GDX pushed away from the 50 sma with decent volume. We now wonder: "Is Gold about to rocket higher?" As mentioned, we have been anticipating that possibility for weeks as the sector churns sideways. The Bullish action in Miners on Monday seems to indicate that it is time to go higher and that this consolidation period will end soon.

Let's just take a look at some of the recent charts from past reports along with the current set ups, and discuss further what we have been looking for.

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Dec 24th – Half Day Of Trading

 Gold pushed a bit higher on Monday and it has closed above the 50 sma. On what would normally be a light volume week of holiday trading, GDX pushed away from the 50 sma with decent volume.  We now wonder: "Is Gold about to rocket higher?"  Why do we ask?  Well, we have been anticipating that possibility for weeks as the sector churned sideways and on Monday The Miners seemed to think that it is time to go higher.

 Let's just take a look at some of the recent charts from past reports along with the current set ups, and discuss further  what we have been looking for.

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Weekend Report December 21st

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December 20th- Get Comfortable

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Thursday December 19th – So Close

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Wednesday Dec 18th – Waiting

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