The Beat Goes On

/in /by

  Yes, The beat goes on and the drums are on fire.  In my last few reports, I have mentioned how we were focused on Miners and commodities lately.  Did you see the Commodity stocks and especially the  Steel stocks today?  Many were up 15- 20+% today alone.  Take a look at charts of  X, AKS, CLF, FCX, VALE , and so on.  At chartfreak, we have been focusing  on these trades, and now Energy is looking very interesting too.   Below is a small portion of Wednesday mornings premium report. The follow through today was amazing!

 

From Todays report…

XLE –  This looks set up to break out higher

XLE 3-1

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By the way-  COPPER looks very bullish to me.  (  See FCX, NCQ, TGB, )

COPPER 3-1

 

My FCX chart from Feb 9, pushing that 50sma,  it could have been bought at $5.  EDIT: It hit $9 today, up over 100% from the Jan lows.

FCX 2-9

 

I still like all of the set ups that I’ve mentioned here in commodities , like CLF, X, AA, CENX, FCX, VALE, AKS,  etc.  They are having a nice run.  Here are some examples.

 

VALE Feb 3

VALE 2-3

 

I posted this 2nd BUY in Vale with a tight stop 2 days ago . This could easily run 25 – 50 % in the coming weeks.

VALE 2-29

 

Follow through

EDIT: VALE is at $3.63Wednesday.

VALE 3-1

CLF –

CLF 2-29

CLF 3-1

X –

X 2-29

 

This was March 1. EDIT:  On March 2 it hit $11.49

X 3-1

Check out this crazy steel stock.  $3.69 to $9.39 ,  now ready to go again? EDIT: It hit $9.22 today.

TMST 2-29

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I mentioned this set up on WTI way back when Oil broke to new lows.  Then I mentioned it Monday with this chart.

WTI 2-29

Boom

wti 3-1

 

PDS –

PDS 3-1

OAS–

OAS 3-1

I gave a list of these types of stocks in yesterdays reports and they all seem to be acting well, either forming bases or breaking out.

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If you get a chance, you can check out some of those charts  ( X, AKS, CLF, VALE, etc). They are continuing to act correctly.  Many are obviously getting extended, up 100% off of their lows, but commodities do look like they still want higher price.  It has been a traders paradise and a buy & hold approach has also worked for the last couple of weeks.  I hope that you have been able to take advantage of these moves. For $37/month , my reports can guide you as an addition to your own trading style or analysis.  It seems that  1 trade today could easily have paid for 1 month  ( or a yearly membership for that matter)   🙂   Thanks for reading along and best wishes!

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~ALEX