Friday September 12th
Yesterday’s Jobless Claims and Inflation report couldn’t slow the markets down. Those reports again indicated that a rate cut is likely, and off the markets went. It looks as though things do want to run right up until that Fed Mtg, but again, it may be a ‘Buy the Rumor, Sell the News‘ period. Lets take a look.
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THE SPX was climbing up a trendline, but on Thursday it actually broke out higher. Bull Markets – surprises do come to the upside.
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The AI stocks are perking up
BBAI -reversed at support. It did a little pop and drop, so it is still in this area if you want to buy it. PONY, SES, TEM, etc look good too.
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PONY is chopping along, but it has been making higher lows and is back above the 50sma. The RSI is 57 and volume pops are in the up days. I like the set up,
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BLDP and other energy stocks are bullishly set up too. See also BLNK, OPTT, BWEN, etc still look bullish (You should see FCEL) I’ll show you…
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FCEL released earnings and took off like a rocket a few days ago. BWEN also looks like it is just starting to do this, so BWEN may be a buy.
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I keep an eye on the Quants, Robotics, AI, and Nuke Stock watchlists because they have had very strong moves, then they entered a ‘consolidation’ phase, and could run again if they break out with buyers. It is possible that the next run comes at the next ICL, but we also may see another run and then back test on an ICL, so I check them daily.
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OKLO is an example of one that is healthy, bounced off of the 50sma a could of times and is back up near the highs with a bullish RSI. I don’t own it now due to the P.M. Miners and Crypto Miners being my main trading/investing right now, but I like this set up.
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IONQ – I also liked IONQ on this trendline break so I posted it…
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IONQ – It continued higher and was up 7% on Thursday. It kind of has a large cup with a long handle formation and if it breaks out, it could run swiftly.
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QS – I have actually heard some readers here say, “I wish I didn’t miss that QS run.” Or ” I bought that early, but I sold it way too soon.” Well, it might be time for part 2. Right now it is capped under the 50sma, but volume looks good (this was captured at 9:46 a.m.). How did it close?…
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QS – This is how it closed. It had 37 million by the close and pulled back a little, so it is still a buy, but my stop would be under Thursdays lows.
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RR WEEKLY – RR is already up 27% this week.
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USD – The USD dropped yesterday.
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GOLD has started to chop sideways a little, but it may just be a pause before one more run up to the Fed day. The Miners didn’t pause like Gold, many continued higher. Another view…
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GOLD – Another view shows how tightly Gold hugged the 8 ema in the early 2025 run. January and February hardly broke that line until a dcl came along. We could see that around the time of the Fed, so please check out this chart.
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SILVER still looks like a running correction and continues to climb higher. A running correction breaks to the upside, so this move out of the triangle consolidation is acting very bullishly too. Silver stocks looked great and popped on Thursday and Silver could also run into the Fed Mtg next week.
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GDX – After chopping sideways along that 50sma for months, Miners broke upward and have just been on fire. 1 down day and a couple days higher.
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I like the fact that ASM pulled back, because it re-set the RSI and Stochastics. ASM has been a runner in 2025, so this could be considered a low-risk entry.
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DNCVF – Defiance Silver has been kind of ugly in 2025, and it is pretty much where it was in January. It did POP 18% off of the lows and sometimes these do run late in the run, so I thought that I’d point that out.
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GRSLF – Volume, Volume, Volume. This is a weekly chart and its up 15% this week, but this consolidation is over a year long and it may be finishing up with that volume flooding in. A breakout here could trend nicely.
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KOOYF is another Silver stock that has been popping.
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SVM is choppy and difficult at times, but the current set up is a bullish one, especially with Silver acting so bullish. The cup is $4.20 to $5.20, so the target would be $6.20.
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THM – I have watched THM, TRX, VGZ, MUX, GORO, AUMN, etc and they’ve been running now. Check out those charts. THM is very choppy, but guess what? It has tripled this year! It’s also bullishly climbing the 20 ema, and that reminds me of the 2016 run with Miners. More on that in a minute, but IF you put $2,000 on THM in Aprils ICL, you’d have $6,000. If you put $3,000 on it, you’d have $9,000. This bull run could have a lot further to go, so let’s talk about that…
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I was reflecting on the 2016 run and the one we have now is very similar. You can see from the next 2 charts that we basically had an 8 month run (Jan -Aug) and the dips were minimal. Buyers bought the dips and we see that happening now too.
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Notice that AG in 2016 rode that 20 ema green line very Bullishly from January to August! Where are the DCLs? If this was January to August (8 months) and dips were minimal, that is important to take notice of. It could happen again. Some of our current miners are riding the 20ema too.
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I remember CDE in 2016, because I was in AG, EXK, HL, CDE. I sold a few chunks at times, but got back in when the pull backs were very small. Gold had an ICL in May, and it hardly shows up in Many miners then. CDE simply broke the 8ema and tagged the 50sma. Why? Every dip was being bought up. Dips were minimal. Scroll back up to AG above and that MAY ICL is a sideways consolidation. DIPS WERE BEING BOUGHT, SO….
DIPS WERE BEING BOUGHT, SO….
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SSRM – What do you see here with the 8ema? VERTICAL. This is very bullish, but I hope we see what we saw with Gold earlier. A dip after the Fed would keep this from getting too overheated and become a blow off top. Those peaks are often the highs for a long time.
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Today is Friday and the general market broke out to new highs with the recently released Data. A rate Cut is likely next week and the markets are responding bullishly! Gold and Silver are also very bullish, but the Miners are even stronger, with some climbing that 8 ema and looking rather vertical as gold & Silver pause or move sideways. And Bitcoin is breaking out. Enjoy your Friday trading, enjoy your weekend! reading and investing has been strong the last couple of weeks, so go out and treat yourself or your mate, your best friend to a nice dinner out 🙂
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~ALEX
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BITCOIN– I grabbed this chart Thursday evening, and we do have a breakout above that 50ema taking place. It would be nice to see price hold above that 50 now.
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BITCOIN 6 a.m. – Overnight we had a small pullback, but this is nothing to worry about. Crypto stocks did run with bitcoin dropping at times, but this may cause a ‘pause’ on Friday. It also may just tag that 50sma and reverse higher again today. We’ll see
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BITF – It’s always a good lesson to see how these consolidations can
1. ‘Chop and bore us to tears’,
2. They can make us want to give up.
3. They can chop up and down so much that we just exit the trade and sell – I HAVE DONE THAT PLENTY OF TIMES…
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BITF – And then they break out and release that built up energy in a rocket ship ride. Here’s my story. I pointed out BITF repeatedly in August as a bullish set up. I sold mine to add more to IREN and CIFR. That worked out fine, but I missed this move. That was 70% in 3 days. These sideways consolidations in a Bull Market can be money makers.
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I’ve been highlighting IREN, CIFR, HUT, HIVE, WULF, etc. What about a lagger that could play catch up?
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CAN was a breakout and back test, so I pointed it out as a lagger on Wednesday…
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CAN was above the 50sma, so we had follow-though and I posted this right away, at 9:35 am.
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CAN was now up 6% and it looks ready to run. Its a buy and hold and closed up 8%!
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CLSK (& MARA) I think that most here know MARA and CLSK in this sector and if you are like me, then you are very surprised at their under performance at this point.
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CLSK: Well, they’re both trapped under the 200 and 50sma, but I do think that once they break above that area, they’ll find buyers. SO I WATCH THEM EVERY DAY, and you can too, if you are interested in catching a possible lagger.
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MARA: When I look at what IREN, CIFR, and some of the others have done, I have to be a little surprised that MARA is trapped below resistance, but I do think that once it breaks above it, it could run swiftly. Why?
1. That run in June was roughly $13 to $21, and those are great gains, really
2. MARA is a popular company and I think that once it breaks higher, it will attract buyers quickly (above the 2 moving averages).
