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.

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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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