“Sailors fighting in the dance hall Oh man, look at those cavemen go It’s the freakiest show.” – Life On Mars, Bowie by Aurora Last week saw the buying stampede in the growth glamours we traffic in continue prompting a gap to another new all-time high in the NAZ on Tuesday. However, the euphoria started to fade […]
Continue Reading -->Bill O’Neil taught me that around 50% of breakouts pullback to test/probe the breakout point. We anticipated a Rule of 4 Breakout in GDXJ last week. This is a breakout over a 3 point trendline. You don’t typically see quadruple tops or bottoms, so the 4th time through is usually the real deal. Not all breakouts are […]
Continue Reading -->“I picked up my bag, I went lookin’ for a place to hide When I saw Carmen and the Devil walkin’ side by side I said, hey, Carmen, cone on let’s go downtown She said, ‘I gotta go, but my friend can stick around.’” – The Weight, The Band “I fear not the man that […]
Continue Reading -->“What the wise man does in the beginning, the fool does in the end.” – Howard Marks If you just listen to the news, you heard that the NAZ scored a record high on Tuesday and that for the first time since last December, the leading index, the NAZ, scored 8 consecutive higher closes on Tuesday. Everything […]
Continue Reading -->When a stock can more than triple in 3 days, something’s going on and it deserves to be on your radar. BNTX exploded from 31 to 105 in three days in March. Sometimes it pays to look at a chart upside down to get a different perspective. If you turn BNTX dailies upside down, you see […]
Continue Reading -->Get in today 1 Day Deal: Expires at Midnight Get the Bundle ==> Are you long gold and silver today? Hit and Run Trading is with these positions: PAAS: +6.1% SLV July calls: +4.6% GDXJ: +4.1% AG: +4.1% FNV: +4.0% That beats Apple (AAPL) and Tesla (TSLA)! Want Jeff Cooper’s next big call in Hit […]
Continue Reading -->“Standing at the crossroad, baby, risin’ sun goin’ down.” – Cross Road Blues, Robert Johnson “What the wise man does in the beginning, the fool does in the end.” – Howard Marks The weight of evidence tipped the line of least resistance to the downside on Friday. The following hourly SPX for June shows what looks like […]
Continue Reading -->For what is probably the 5th or 6th time this year, subscribers took SDGR long on a swing on Monday at 66.12, anticipating a Rule of 4 Breakout. A Rule of 4 is a breakout over a 3 point trendline. You typically do not see quadruple tops or bottoms — the 4th time through is usually (not […]
Continue Reading -->Below is a daily AAPL for 2020 through Tuesday, June 17. It’s pre-crash top was 328 on January 29 prior to dropping a stunning 116 points to its March 23 low of 212. The Square of 9 Wheel, which is a time and price calculator, did a good job identifying the March low. As shown on the Sq […]
Continue Reading -->“I don’t see us wanting to run through the bond market like an elephant doing things and snuffing out price signals or anything.” – Jay Powell “Well I’m a-talkin’ bout the midnight gambler, the one you never seen before.” -Midnight Rambler, The Rolling Stones “180 degrees in price up from Monday morning’s SPX low is 3075. 270 […]
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