Gold & Silver Stocks Update:
SLW: This was @ $25.28 when I posted mid -week and has held up from the triangle break and is now sitting @ $25.38. I sold puts on this during the week:
ABX: This was @ $19.57 when I posted mid -week and has held up from the triangle break and is now sitting @ $20.34:
AUY: This was @ $10.26 when I posted mid -week and has held up from a trend line break and is now sitting @ $10.57:
HPQ: this has now closed above the key $30 and I’m on the lookout for any hold above this level as it would support a bullish ‘inverse H&S’ break:
CPB: this is setting up in a potentially bullish break from an ‘inverse H&S’ pattern. The $43 level is the ‘neck line’ here. These patterns have delivered bullish moves on DIS (Disney) and WAG (Walgreen) and these charts are posted below:
DIS: bullish ‘inverse H&S’ move:
WAG: bullish ‘inverse H&S’ move:
LOW: watch out for any ‘flag’ break here; up or down!
MRK: has continued to hold after the trend line break from the $50 level. This level should develop into new support here:
Sunday 9th Feb
CAT: triangle break holding:
CPB: a bullish inverse H&S might be forming:
INTC: the $24 level continues to be significant:
LOW: might be a new Bull Flag forming:
MRK: holding above the $50:
MSFT: $37 still key:
NUE: support trend line holding:
TGT: the H&S has delivered some move but I’m watching for any return of strength:
TJX: the double top may have completed here too:
ADBE: has kept yielding after the triangle break from last year!
BK: daily support broke BUT is this just a Bull Flag forming up? Watch trend line breaks for clues!
HPQ: an exciting stock for sure. Watch for any break of the $30!
MGM: keeping on keeping on!
PFE: the $30 level is key here still:
SLW: one to watch for sure if Silver keeps moving up!
WEN: watch for any break of the $10 here. There is history of much higher here!
YHOO: The $40 level still vital here but may be a Bull Flag forming here too:
Monday 3rd Feb
AA monthly expanded: A bullish monthly candle: