NEM Newmont Mining (40.04)

Newmont seems unlikely to indulge our lazy bid below the market, so I’ll suggest getting long today on an impulsive break above the two peaks labeled in the accompanying chart. You should only attempt this one if you understand why the rally must have no b-c corrections in the space between the two peaks. If you use stock to get long, a 40.41 buy-stop limit is suggested on 200 shares. _______ UPDATE: We hold 200 shares for 40.41, off a buy-stop triggered when Newmont popped (so far today) to 40.59. This morning’s reversal has beeen quite sharp, so expect some consolidation before the stock attempts to take on some resistance highs near 45 from late October.