Markets closed off the week strong and stocks are flying high everywhere. Here is a review of how some of my picks have been performing:HW was up 6.5% today and brokeout yesterday from a similar bull pennant pattern as AHD. Currently up 13% on the trade.
ARM is continuing nicely higher since its break from the pennant pattern earlier in the week. Up 17% on that trade and target price is around $5.
Another stock I recommended awhile back and still holding is PWAV. Good volume today and lots of late day buying, pushing the stock up +32% so far.
APL has been on a tear the last few days with tremendous volume the last few days. Up now 43% since I bought it.
IVW.TO gaining lots of strength and gains closing in on 50%.
KGN.TO, my junior gold stock has risen nicely, up 17% so far.
My short USD/CAD was covered a few days ago, a day before the US$ gained almost 2 cents on the CDN$. I made +30% on that short trade and made another 8-10% on another short trade a day later after I faded the rally in the US$ when it weakened again. The US$ closed off the week strong today with better than expected jobless data while Canada had worse than expected. I am currently flat with no position, just watching the whipsawing in the USD/CAD that has been occuring the last day or two. I do not have a good sense right now which way this will trend and prefer to stick on the sidelines right now until I get a clearer sense of direction.
Currently, I still like trading small cap tech and commodity related stocks. Particularly, I'm bullish on oil related names, uranium, copper, coal, agriculture, and gold. Nat Gas stocks look very cheap here as well and could be a good value play if your investing for the longer term. Inflation is coming our way and with the US$ continuing to weaken and oil prices strengthening, I believe this presents plenty of upside for gold stocks.
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