Are The Bears Toast – Or Just Napping?

Weekend Report Nov 9  

In my past few reports, I have been pointing out many “Set ups” in Energy / Coal / Uranium stocks & Miners possibly setting up too.  Friday  I posted in my report that I was buying pre-mkt at 6 a.m. in the Gold/Silver sector , and laid out all the reasons why. In this weekend report I want to share further thoughts, observations. At times in my research  I try to think outside the box –  and I even find stuff that blows MY  mind .  I did and want to share that too.  To start….Are the Bears in some sectors taking a nap or losing control?  To the charts!  My reports earlier this week highlighted Opportunities showing double bottoms and other bullish set ups .  This chart was posted for uranium for Example:  They were READY TO BUY

 

Here it is now

Others mentioned have burst upward and the good news? Similar opportunities are still present, lets review several sectors…

 

 

  I.M.H.O. –  It is always helpful to review a few past set ups and see how they acted after I posted them, to build confidence in what I am pointing out as low risk entries. Some may fail, but “Stops” will keep losses minimal and as you will see…The gains can MORE THAN make up for losses.  Quick review of a few  good investments, there were MANY more and will still be many more from what I can see.  (Sidenote:   My set up for “SZYM” FAILED AT EARNINGS BIG TIME, thats why I always recommend you know when they have earnings and decide whether to hold though or not).

 

I pointed to ANR  (And showed how the inverse H&S for WLT was playing out) . Great vol & Triangle/ flag break.

 

ANR now

 

URZ – strong double bottom blast off , above the 20sma

 

 

URZ  2 days later

 

URRE – buy above 20sma , trend line break 

 

 

URRE – the sector was running, this set up was good so I Tweeted this  1 hr into trading  at 10:24 a.m.  (BUY)

 

URRE  (End of the same day ) Closed up 23.5 %, but was much higher mid day

 

DNN – mentioned in the report when it was AT LOWS-

 

THAT SAID…and seeing how coal stocks  WLT, ANR, ACI have done…BTU is still not extended, and is acting correctly

 

BTU when I posted that its ready OCT 28   ($ 10 )  & NOV 5th

 

$10.78

CURRENTLY BTU (  $11.64)

 

So the set ups are working nicely in Uranium & Coal stocks

ENERGY – I wrote a couple of reports on Energy and many different bottoms took place since then .  We had…

1. Blast off and ‘higher lows’

2. Bounce & ‘Double Bottoms’

3. Bounce and slight break of lows, recover. (Shake out?)

Both #2 & #3  could be current buy opportunities with tight stops.  Lets look at some charts of current set ups.

 

EXXI – Currently a double bottom breaking up through the 10sma now (accidentally not shown)

 

GDP- JUST had earnings, broke below Oct 13  lows marginally and recovered. I like this set up

 

 

HK-  I know that This looks like the prior attempt at a “Bottom”  AUG-SEPT , B-U-T, THEN Energy and XLE got down-drafted and HK got sucked down with it.

WARNING:  Earnings is this Monday– so it too might break lows and do a shake out? OR Might blast off?

 

 

KWK  –  This was awesome to watch .  I watched this double bottom on a watch list all Friday…NOTHING.  Last hr of trading it doubled, then settled back down a bit !

No longer a low risk entry unless it pulls back – but it is above the 50sma and may just keep going.

 

******  We are currently re-building this web site to make it easier for YOU! *****

 

For example:   Right now I have to  recommend that you go back to my previous energy reports, make a list of the names I mentioned their and check their charts then, and re-check them NOW.  See if they are ‘higher lows’ ready to buy. Are they ‘double bottoms breaking upward’?  etc etc .   In the future, the charts I post will be in a gallery and if I say “Re-check the Energy report stocks”…you can click a link to the gallery and find all the charts in 1 place there.  Other improvements too.   SO right now I dont have time to re-post all the good set ups, but there are some GREAT SET UPS right now in energy  I.M.O.

 

LETS TALK ABOUT….

AGAIN-  There is SOOOO much to say this weekend, I have used up a lot of time tonight for the energy / Coal / Uranium sectors.

I will do a separate report for GOLD/MINERS and it will be done tonight – but if I do AUDIO for it, it will be released EARLY in the A.M. with Audio.

 

Thanks for understanding, thanks for reading.  As a preview, I will just say that I am BULLISH at this point.  There are always a Bull & Bear case, but I will tell you that I was buying Miners Wednesday at the close,  based on the charts that I posted then  (They will be re-posted below).  Scariest Buy – trust me, I couldnt recommend it. THEN FRIDAY I felt confident enough to PUT IN MY REPORT that I was “Buying” in the pre-mkt. I felt ok if anyone followed me at that point and  while GOLD had just been smacked down $30 overnight & recovered to only up $3, I explained to you why I was buying. Things that I look for are falling into place and with all of the MOST HATED stocks rallying  (WLT- ANR – ACI – URZ – URRE- UEC – DNN – ENERGY,  ETC) – It must be time for the Miners too?

 

I posted this “SPINNING TOP”  as we were nearing the top  NOV 5  (the date & Time is on it)  – I didn’t and wouldn’t recommend a buy then– It was scary, but I took a  very small long position NUGT with a stop above the spinning top dust.  Low risk/high risk , really.   Even a 1 day drop in Dust would be nice in NUGT , based on that last 1 day drop.

 

Here I posted / Tweeted  a spinning top-and possible path .

 

 

I did NOT think it would happen in 2 days!!

 

SO am I still bullish? I am….As I write GOLD is dropping straight down $6 and it will again be difficult to post a BULLISH report,  but I would actually like to see GOLD crash down to $1154!!     I would!    I will have a Gold Report  Tonight or in the morning.  (He said as GOLD continues to drop)  

 

Thanks for being here.

 

~ALEX