The market has been trending down the last few days but on lighter volume. This is a good time to buy on this pullback.
Entered into Nova Gold (NG) this morning with @ $18.40 with a stop under the EMA9 at $17.99.
Entered into InterContinental Exchange (ICE) @ 154.10 it touched the EMA9 and bounced off which is a good sign and the volume looked dry this morning. I am still looking for this to head up to the $170 level.
RGLD – Royal Gold is still looking good holding well above EMA9 and EMA21. It’s still on target to go towards $37. (Original entry)
FCX – Also another precious metal stock play is holding very well. Yes, there was a sell off on Thursday, but the price on Friday did not go lower then the low bar on Thursday and on lighter volume. It may test $112 but then head up again.
ICE - I got stopped out on 10/11 @ $158.3 but I did get a +16% profit. This was a classic top like I speculated that it would attempt to rise to $164.99 which it did on 10/10 and 10/11. On 10/11 it hit a whole number high of $165.00, failed and closed down with wide price spread. I am going to re-enter at $153.20 if the volume looks good.
AIRN - Thank goodness for stops, I got out for a small loss but it could have been much worse. I like the action on Friday when it close above the EMA21. If it can close above the EMA9 on higher volume I will get in again.
POT – Trade is still in play (Original entry)
VLO -Price action on Friday was good. Still on target to $78.52 (Original entry)
FCX -Freeport McMoRan went down today because spot gold lost $14. FCX did not break the low of yesterday and was on loghter volume which is good.
CPST - Capstone Turbine I was stopped out at 1.17 and did not get back in the trade. The good news is that it hit my target price of $1.12. The bad news was that I forgot to place my order in……..
ICE - InterContinental Exchange is still holding strong with a current unrealized profit of 11.8%. I still think this will go up to $165.
DO - Diamond Offshore, still in trade at $111.52, it formed a bullish hammer which is positive but let’s what the action in the morning as I think oil prices might go lower since the US dollar bounced higher today which is why gold traded lower.
AIRN – Airspan Networks entered at $2.55 this morning.
CPST - Capstone Turbine, after looking at the really low volume on Monday I decided to enter at $1.14 yesterday. My stop is under $1.12 and my first target is $1.28. Volume this morning will easily top yesterday and may go over 2MM shares
CMGI - Well this is why you place stops. After the bell CMGI announced earnings that were disappointing with expense evrey increasing. I got stopped out at 1.40 for a 0.10 loss. I will watch this test the low of 8/10 at 1.28 before I will be interested again.
TGB - Taseko Mines, this traded very nicely and went over my target of 5.10 to hit 5.49. I got stopped out this morning at 5.20 for a 11% profit. TGB may fill the gap down to 5.05 before heading up again. Keeping on watch list as this tests.
ICE - InterContinental Exchange, what a great trade and nice gift to be included in the S&P 500 index which gave it the extra 6% boost. Current I’m up 10% in less than a week. ICE may pullback to $150.00 then try a run up towards $165.00. Again keep stops in place.
DO - Entered into Diamond Offshore yesterday at $111.52 and is currently at 114.83 for 2.95% unrealized profit.
CPST - Capstone Turbine, I got stopped out of CPST at 1.17 for a 6.36% profit (bought at 1.10). I like this stock and I’m looking to re-enter at $1.12 where it might touch the lower trend line.
CMGI - Still in the trade (bought at $1.50) with an unrealized 7.33% profit currently, still targeting $1.66 as first target volume is increasing.
TGB - Taseko Mines, I forgot to mention this but I enter the other day at $4.68 as my gold play riding the trend. Currently up 6.84% . First target is $5.10.
ICE - InterContinental Exchange, still in trade and down a little but so is volume so no worries here.
DO - Entered into Diamond Offshore yesterday at $111.52 and is currently at 114.83 for 2.95% unrealized profit.