On 2/24 I mentioned that rear view mirror investing was rather easy, seeing around the corner/what lies ahead, is a little tougher. Yet if we can find tools to help us with the direction of future price movements, it can be very beneficial to our portfolios. I discovered over 15-years ago that the “Power of the [...]
In the chart below, numerous support lines were coming into place at one price point at (2). Suggesting that a very key support test was at hand (see post here) CLICK ON CHART TO ENLARGE Below is an update to this key situation in the Dollar- CLICK ON CHART TO ENLARGE In the 2/25 post I [...]
A lump of coal in your Christmas stocking may not be a good thing, yet you can make an upside breakout in the DJ Coal index a benefit to your portfolio! CLICK ON CHART TO ENLARGE Game Plan….Own ACI on a breakout (see post here) In the above chart the DJ Coal index is breaking [...]
CLICK ON CHART TO ENLARGE Game Plan…Be an owner of ACI due to the upside breakout of the flag/pennant pattern, with a stop on a break of lower support. Risking around 3-4% here.
Suggested to pick up Arch Coal (see post here) due to a breakout of resistance, see chart below. ACI is reflecting quality “relative strength” today, despite the stock market being down. Good price action! CLICK ON CHART TO ENLARGE Game Plan…..Raise stops on ACI to $29.25
Developed and maintained by Skylight Sites
Recent Comments