July 19th – Expectations

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Not a whole lot has changed since the weekend report, so lets just do a quick review and then discuss our expectations.

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SPX - As expected

SPX 7-18 Read More

July 17 – Weekend Report

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Last week the SPX broke to new all time highs.

SPX WKLY 7-15

We expected that, since it was just coming out of a new ICL, and I pointed out on the DOW and SPX that we had a bullish 3 white soldiers pattern in play. This is a bullish reversal pattern after a sell off.

DJIA 6-30

SPX DAILY - Since there is no overhead resistance, it can just continue higher, but a 1/2 cycle low would provide a back test.

SPX 7-15 Read More

Twinkle Twinkle Little Star…

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In a recent report I was discussing what I called Giraffes.  These are the 'STARS' of the Miners that explode higher giving the chart a look of a giraffe neck. Certain set ups form during consolidations and lead to this price explotion, giving us some big profits. Obviously finding them BEFORE they pop is the key to maximized profits. Lets take a look at some of our Giraffes from past set ups, then I want to discuss what I think will be the next ones.

 

This was our set up in XRA at when it was just under $1.00

XRA 6-27

2 days later we were up over 30% with the giraffe neck 🙂

XRA 6-29b

Lets look at another explosive POP that we caught, and then I'll  point out our next candidates...

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Singing Kumbaya By The Fire

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We've been investing in and trading Miners, singing by the fire and enjoying the gains...

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July 13th – What’s Up?

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Just about everything lately. It has become a traders paradise!

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SPX - If there were a lot of shorts shorting this high, they may have to cover and push this further along.

SPX 7-12 . Read More

It Has Been A Good Ride

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And I dont think that the ride is over in certain areas, so let me discuss that after a market review.

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SPX- Looking for a break to new highs, early in this daily cycle.

SPX 7-8 d

SPX -  We got the break to new all time highs.

SPX 7-11 .

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Monday July 11

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What might we expect on Monday, based on Fridays charts?

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SPX  July 6th from my last report-  The SPX looked good and a break would be sweet  I thought that the MACD and other things looked to be making a bullish move.

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Friday – A Closer Look

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It is the last trading day of the week, and a few things have already  changed form Thursdays report.  Lets take a closer look at a few charts...

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July 7 – Pilot To Copilot, We’ve Got This

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The general markets ( And even $BKX) showed improvement after opening lower Wednesday. The release of Fed Minutes today was a non-event for the most part.

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Who Likes Giraffes?

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We do! 120% in 4 days.

TRX 5-7 giraffe

And though they are rarely seen on a regular basis in the markets, we have been spotting them left and right , even before the raise their heads to look around. 

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