HL

NGH13 – Natural Gas (NYMEX) (Last:3.321)

– Posted in: Current Touts Free Rick's Picks

The futures have just tripped their third buy-signal in a year on the daily chart, and even though this may prove to have been a false alert, there is probably money to be made trading from the long side. The actual signal came at the 3.3673 point 'X' shown, so camouflageurs should focus on buy-side opportunities here. My hunch is that the move will get to p=3.503, at least, without stopping out those who have boarded thus far -- a 'successful' trade by our definition. (A 'winner' is a camo trade that gets to 'D' or higher.)

HL – Hecla Mining (Last:5.30)

– Posted in: Current Touts Free Rick's Picks

Using information disseminated in the chat room, we took a casual swing at Hecla yesterday that was based on a minor impulse leg and a strong tout from our friend Phil Calderone. I will formalize the effort to get long in this stock if an exceptional opportunity arises, but at this moment I do not share Phil's sense of urgency. A print at 5.62 would change that, but we can let it happen first before we act. For those eager to imbibe more risk, the stock is working on a bullish impulse leg on the hourly chart that bids fair to deliver 5.47. (A=5.10, on June 7; B=5.39, C=5.18)  The entry signal was tripped ay 5.25, but the stock would need to push above the 5.33 midpoint to become a more enticing bet. Entry at that point would presumably be via camouflage, but you may need to hunker down on the 3-minute chart to find it.