What Are You Looking At?

OCT 1, 2014   What am I looking at?  When we have a sell off in Markets or even individual stocks, I am always looking at my list.  I want  to see if anything I wanted to buy but missed  (or owned & sold) is possibly “Setting up” as another buying opportunity.  I AM REALLY liking the setting up of some Miners , but for this report, I just want to show some stocks that look interesting and I’ll also include one of the GDX .  Its the start of a new Month, Its the start of a new Quarter. Funds may do some shopping pretty soon to attempt 4th quarter  bragging rights ( And thus a 4th Quarter rally?).  Today , these are JUST A FEW of the stocks I was looking at.

GDX – It may have a DEC 2013 type low forming? Or it MAY have a 5th wave to go…But seriously I have a FEW indicators & sentiment calling for an ICL sooner than later.

Going back to my recent Gold report  here  http://www.chartfreak.com/2014/09/26/illusion/

and look at many of those MINERS that I said were acting rather special in this beat down. READ That report—look at what I said about FSM, RBY, RIC, etc .

NOTHING HAS CHANGED

As for stocks pulling back that could be setting up “IF” we get a  year end rally?  There are MANY , but for the sake of time in a mid week type report , here are just a few interesting looking ones.

UEPS WKLY & DAILY

LAKE  DAILY then WEEKLY

  RADA – near support?  Strong volume

 I mentioned RALY long ago & bought at $11 on this earnings gap up. 2 Charts I used  were this daily …

And for longer term view , this wkly –

 That “POP” was in AUG & In “Stealth Mode” it has continued to creep up. I sold mine for profit, but I am watching it, that GAP likley will not fill & this could run up.

 I have repeatedly posted & loved the powerful move seen here in CMGE   $12 to $30

CMGE has now bounced off of its 50sma  and got quite oversold.

Will it rally hard again?   (The  Wkly looks good too)

  Those are really just a few of the many things that I am looking at. Depending on how the various  markets play out over the next days , weeks, and months…there could be some good opportunities presenting themselves, so lets Stay Frosty! This Fridays JOBS report could also affect things, but the picture always seems to get clearer as time goes on.  Thanks for reading along !

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~Alex

P.S.  Almost forgot (Speaking of “Stay Frosty”..which means stay sharp or alert)  someone asked me yesterday if I was holding JRJC . After a GAP DOWN OPEN It was holding up all morning, BUT it had warning signs intraday. I told him I sold it.

I LOVED the looks of this set up posted Sept 23 here , but  they had earnings coming out Monday , so I automatically sold 1/2 my position.

 This is JRJC today .  Monday earnings and Tuesdays open Gapped back into the trading range…THAT is usually going to test the bottom of that range…so I sold the rest . Today it lost the 50sma and is dropping to the lows of that range. It may actually now “TEST” the original break out near $5!