This post contains an update of some some of the stocks that I have been tracking. Some of these were posted mid-week in a Gold update and I will discuss these stocks first off:
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:
HL: This was @ $3.30 when I posted mid -week and has now made a triangle break and is sitting @ $3.47:
NG: This was @ $3.26 when I posted mid -week and has yet to make a trend line break but is getting close. This is now sitting @ $3.44:
Other stocks:
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:
WEN: I’m still on the lookout for any break of the $10 level here:
XLF: I’m selling CSNP along the way here:
CAT: this has delivered over 10% after being flagged for a triangle breakout!
BHP: this needs watching as it nears a possible triangle 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:
EBAY: watch out for any channel break here:
INTC: this is looking bullish as it holds above the $24 level:
LOW: watch out for any ‘flag’ break here; up or down!
MSFT: holding above the $37. Another monthly candle close above this level would be quite bullish:
MRK: has continued to hold after the trend line break from the $50 level. This level should develop into new support here:
