PUBLIC POST – The Weekend Review

It was another excellent week of trading at Chartfreak.com.  Allow me to share a few thoughts with you.

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EDIT:   The following trade was up another 40% today alone  🙂

LGCY- This was the trade of the week if you ask me.  I showed this base as having explosive potential back on April 9th.

LGCY

This was Last Monday – It was a buy when it bounced right off of the 50sma near $1.00.  These types of bases are explosive.

LGCY 4-18

Last Wednesday –  Still could be bought, inside of that long running base.

LGCY 4-20

APRIL 22 LGCY – It surged to $2.35 Friday!  Well over 100% in 5 days, 46% Friday alone.

LGCY 4-22 b

  Is this just the start of a break out from the base, or has it exhausted itself?

I discussed in the weekend report my expectation for LGCY going forward.  

 

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After discussing the General markets, I also covered a few important areas to our current trade set ups and a few trade set ups themselves.

 

The  IBB is an area that we have been watching.   This  was my April 18 chart.   It is a bullish set up and I see a break out and back test here and now working through resistance areas. This takes time.

IBB 4-18

 

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We have been trading Energy / Oil stocks since Jan/ Feb as mentioned in prior public reports, so I discussed Oil and Natgas this weekend too.

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WTIC –  This daily chart is actually from Fridays report to show that there will be resistance and a bit of bumpiness, but the Weekly oil Chart  is Bullish to me. Oil should still be moving higher over time. 

WTIC 4-21

 

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We also have been trading the commodity sector and Miners since Mid January.   We started with Miners first and then added VALE, X, CENX, SID, CLF, etc., so I covered my current thoughts on the CRB, GOLD, SILVER, and MINERS  too. 

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In fact, look at this run in ‘X’.   $6 to $20.  Some have made huge runs already and yet many of the commodity stocks I am watching are currently setting up for another run higher. Have you  been able to make 30 – 100+% gains in the commodity sector?

X 4-22

 

 

 

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GOLD, SILVER , & MINERS

I remain Bullish on Gold, but have been expecting a pull back.  We caught the absolute lows in miners in mid January, and now we are getting a sideways consolidation in Gold.    The pullback that I expect  could be as deep as a 50% pullback, but it also may just drop as shown here.

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GOLD WKLY – I already showed this possibility  of a ‘not- so -deep ICL’.  Just a back test.

GOLD 4-22 wkly a

GOLD WKLY CLOSE UP – This can still drop into a DCL, or even an ICL  I am Still watching GOLD $1160 and 1190.  Past reports showed a H&S in this area.   I do have other ideas, but for now this is the expectation.

GOLD 4-22 a

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GDX – So GDX has been very bullish in its run higher, and many Miners have doubled and tripled. See AG, CDE, HMY, DRD, SBGL, etc etc

 

GDX 4-22

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I do expect a pullback, and GDX looks extended, but some Juniors have maintained bullish set ups, so I pointed out TGD, VGZ, BAA lately.

 

BAA – Now at 30, it still looks like it wants to break out of a cup & handle here, but if Gold pulls back , it will likely follow.

BAA 4-22

TGD – This was TGDs trade, showing that some miners are still progressing. I used this chart on April 12.

TGD 4-11

It sure was a nice trade.

TGD 4-18

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That said,  let me tell you what else I am focused on in the commodity sector immediately.

COPPER

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This is COPPERs WKLY chart,  and it looks Bullish to me.  It had its first run  Jan – March also , and so did FCX and other copper stocks.

COPPER WKLY

So we looked at Copper stocks.  I will show you 1 of the ones we discussed.

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FCX WKLY – Looks rather Bullish right? These shoulders can take a while to finish, but I will have more in my premium report tonight.

FCX WKLY 4-22

 

There are actually a few other copper stocks that I like and pointed out,  and I think  one of the  other companies may perform better than FCX . It was a buy last week and I think it remains a buy, especially if you are watching it and it dips down this week. This along with some Energy / Oil stocks mentioned in reports last week were the focus of the weekend report.

 

My goal is to help traders look at various sectors that are bullishly set up and also  offer some good lower risk trades as they set up.   If that is something that you think can help you with your trading, why not sign up and try it for 1 month or even a quarterly run.   The profits from 1 good trade can easily pay for that lately.  While we are currently watching some Miners and Commodities pull back for a lower risk entry, I also have listed quite a few set ups in the Energy Sector that have been  acting bullishly with Oils recent rally. We have done very well, and many have reported huge gains over the past 3 months. I hope you’ll join us for the next leg up in these sectors.

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To Sign up here, click and scroll down

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Have a great Monday!

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~ALEX

 

 

7 replies
  1. Siva
    Siva says:

    Dear Alex, really wonderful report. Thanks for providing updates for recent trades (esp. LGCY & LABU). Your winning strike rate keep continuing in terms sector (identify the oil bottom $26) and individual stocks start from mid to micro cap (VALE, CLF, LGCY, BAS).

    When you provide banking sector updates, i don’t want to miss the boat. I do basic checking and get into BAC (@13.77).

    Sincerely you gained lot and lot of confidence & reliability. Your hard-work really appericiated.

    I never seen any news letter guy interested to teach their subscriber on indentifying the basing and bullish cases.

    Also, in the recent times the blog is getting more and more attention (providing their ideas / views / queries). without hesitation you provide your valuable time to understand their concerns and provide your updates.

    I am completely forgot to visit other (paid sites) in the recent times. Quite addicted to CF and online blog.

    Keep going… i feel really lucky for subscribed into CF….

  2. Geurt.
    Geurt. says:

    Good morning Alex….
    At this time Alex I have no gold position (unfortunately only short) Do you think I should buy a core position at around the 1180? Please, let us know WHEN?
    Cason thank you so much for your response and help yesterday.

  3. CS
    CS says:

    Great report, as usual Alex. Add my name to the list of those waiting for entry points on VALE and CLF. I’ll be watching LGCY too. And thanks for the copper ideas, those charts are nothing less than intriguing.

  4. Siva
    Siva says:

    Dear Alex, regarding HMY (Harmony gold). It ran from 0.50c to all the $4.20. Now it is corrected almost 25% from the top. Any idea (what is the ideal price for re-entry). Thanks

  5. Bill
    Bill says:

    CF, so you’re thinking of selling AA, and jumping into HBM. Let us know if you do, I may follow, AA been kind of slow.

  6. Cason
    Cason says:

    Wow, LGCY at it again, only had about a 5 min window to buy this morning! VALE close to back down to potential buy point. Might take a shot at HBM, BCEI seems to high about support to chase this morning.

  7. marinho
    marinho says:

    Alex,
    thank you I paid for a renewal year of your subscription and then some with LGCY. I just sold 2000 at 3.17 and 2000 at 3.22. I think your recommendation are spot on and your analysis very good. I am more of a pm guy, but I don’t mind to stray away making money.

Comments are closed.