[briansmith456]

For the watchlist tonight - ACMR, ARGX, ASR.TO, BAND, BPMC, BRKS, CCC, CRWD, DOCU, EDV.TO, EQX.TO, EXN.TO, GLD, GO, IBM, LUG.TO, MDB, QURE, SAND, SBB.TO, SILJ, SLV, SVMK, USA.TO

Note: Today saw a continuation move in Gold and a Stage 2 breakout attempt in Silver with good volume in both and the stocks in the sector. So it's no surprise that around half of tonights list is more gold and silver miners. The move has been rapid this week though in silver, so it will be interesting to see if the momentum can continue into next week or if we'll start to see some consolidation of these quick gains and pullbacks. I've also like to note that general stocks are very close to their recent highs still, so we could easily get a resumption of the Stage 2 advance in the broad market after some consolidation this week.

In looking over many of these and other miners, most are now 50%+  extended from  the 10 sma on the weekly. The time to buy seemed to be just when they broke above their 30 emas and through resistance (eg USAS) -2.70 roughly, even though there was a big cloud just above that price; now it is on the verge of breaking through the cloud but 40% above the 10 sma . How does one play these miners now given most are 50% extended from the 10 sma, wait and hope for pullbacks back near the 10 sma?

Brian