SOLD HNBC $6.57
Markets traded pretty much flat today as it has the past month or so. Seeing weakness in the US$ still and that is holding up commodity prices. Here is an update on a few of my positions that have broken out.
ARUN gapped up today out of a neutral range.
CAAS up over 7% today after flagging and breaking out on huge volume.
CTFO broke out of a multi-month pennant last week and is pulling back on lower volume. Watch for a secondary breakout on this one soon!
HPJ up close to 10% today on really good volume. Great close today. I like this going higher.
ITWO bounced in the last few days off the 20 day MA. Looks good to move higher if it can break above $19.35.
MGM had a nice breakout last week. If it can hold the 100 day MA, I like it to go higher. Everyone is going back to Vegas!! Let the dice fly!
MSO had a huge few days last week after the rectangle breakout. Broke nicely above the 100 day MA, however today printed a dark cloud cover candle, which is bearish. It held the 50% fib retracement today so hopefully we will get a nice bounce tomorrow.
SD been moving up nicely but today was weak. Holding 200 day MA at $10.31. Watch that key level.
YGE is breaking from a high and tight flag. Had a decent close today with volume on the breakout. Watch for this to move higher!!
Markets traded pretty much flat today as it has the past month or so. Seeing weakness in the US$ still and that is holding up commodity prices. Here is an update on a few of my positions that have broken out.
ARUN gapped up today out of a neutral range.
CAAS up over 7% today after flagging and breaking out on huge volume.
CTFO broke out of a multi-month pennant last week and is pulling back on lower volume. Watch for a secondary breakout on this one soon!
HPJ up close to 10% today on really good volume. Great close today. I like this going higher.
ITWO bounced in the last few days off the 20 day MA. Looks good to move higher if it can break above $19.35.
MGM had a nice breakout last week. If it can hold the 100 day MA, I like it to go higher. Everyone is going back to Vegas!! Let the dice fly!
MSO had a huge few days last week after the rectangle breakout. Broke nicely above the 100 day MA, however today printed a dark cloud cover candle, which is bearish. It held the 50% fib retracement today so hopefully we will get a nice bounce tomorrow.
SD been moving up nicely but today was weak. Holding 200 day MA at $10.31. Watch that key level.
YGE is breaking from a high and tight flag. Had a decent close today with volume on the breakout. Watch for this to move higher!!
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