Gold and Gold Miners are another area of interest currently, with the spot gold chart near the top of it's range on the weekly chart, and the potential for a monthly Stage 2A breakout.
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
If we do see a new Stage 2 breakout then history suggests that the gold miners are a leveraged way to play it, especially the junior miners, which can have very big moves. So I've gone through the gold miners charts in the US and Canada to look for the stocks getting strong volume increases and that are in good shape for a potential move or already moving.
Slim pickings tonight for the watchlist with the balance shifting to the breakdowns today, as you'll see in the Daily P&F Breakouts and Breakdowns in the US Market thread. However, I'm quite pleased personally, as unless we have put in a major top, it should give some opportunities for some better entry points. So I'll be watching how the stocks in the watchlist behave through the pullback to try and find the standouts that will lead if the major Stage 2 trend resumes.
Here's a few for the watchlist tonight - NGQ.TO, PIF.TO
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.