(This post was last modified: 2016-04-09, 05:29 PM by pcabc.)
RE: US Stocks - Watchlist and Discussion
(2016-04-08, 11:59 PM)isatrader Wrote: As noted by Mark Minervini on stocktwits today: "Gold stocks are breaking out as a group -- $AU, $DRD, $RIC, $AG, $MUX to name a few".
From a quick scan there's multiple Stage 2 continuation breakouts in the sector today so worth further research at the weekend imo.
I hope I don't steal Isa's thunder, but I've posted some charts below. Full disclosure, I hold some gold and silver miner positions. Apologies for not positing this in Thursday or Friday evenings but I was out. I have posted both American, Canadian and London listed stocks here, it makes more sense than positing the London listed ones elsewhere. I hope no-one minds. SPGP.L is a gold miner ETF. Note that on some I tried to buy on the pullbacks of some of the miners using MACD to hopefully indicate where it was rising back up, however, the increases were so rapid I ended up buying (almost) on the continuation. Suspect that is not a bad thing at all.
Small amendment. Advisable to look closely at the risk viz the initial stop loss positions, for example VGZ as from a quick look the stop loss would be 50% down from the initial buy price. Others are better.