(2019-07-16, 10:18 PM)isatrader Wrote: For the watchlist from Tuesdays scans - AG, AVP, AXU, CELH, FR.TO, GBR.V, H, SIL, SIVR, SLV, SVMK

(2019-07-18, 11:21 PM)isatrader Wrote: For the watchlist tonight - ACMR, ARGX, ASR.TO, BAND, BPMC, BRKS, CCC, CRWD, DOCU, EDV.TO, EQX.TO, EXN.TO, GLD, GO, IBM, LUG.TO, MDB, QURE, SAND, SBB.TO, SILJ, SLV, SVMK, USA.TO

Note: Today saw a continuation move in Gold and a Stage 2 breakout attempt in Silver with good volume in both and the stocks in the sector. So it's no surprise that around half of tonights list is more gold and silver miners. The move has been rapid this week though in silver, so it will be interesting to see if the momentum can continue into next week or if we'll start to see some consolidation of these quick gains and pullbacks. I've also like to note that general stocks are very close to their recent highs still, so we could easily get a resumption of the Stage 2 advance in the broad market after some consolidation this week.

(2019-07-20, 04:47 PM)briansmith456 Wrote: How does one play these miners now given most are 50% extended from the 10 sma, wait and hope for pullbacks back near the 10 sma?

(2019-07-20, 05:14 PM)isatrader Wrote:

(2019-07-20, 04:47 PM)briansmith456 Wrote: How does one play these miners now given most are 50% extended from the 10 sma, wait and hope for pullbacks back near the 10 sma?

In a strong breakout scenario like we've had you might not get a pullback to the 50 day MA for many months in some of these stocks as they have moved so rapidly. But like you saw with gold stocks that did the same thing at the start of the year, you will start to get consolidation at some point soon, which maybe already started on Friday, as there was a lot of profit taking which stopped SLV for example closing above the Stage 2 breakout level.

So if it was me, I would set price alerts at last weeks highs in the strongest looking charts in the sector, and then move on until some of those start to trigger and close above those levels. As if we topped out on Friday short term, then it could be a month or so until it moves higher again. But if it's really strong, it might resume immediately next week again. Either way, you should always plan for what you could lose first, and so need to plan for your risk, and look out for lower risk entry points.