Actionable Trade-Alert
from Rick in the Trading Room
(Please check all related discussion in the room before you do any trades.)
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12:28 |
Copper breakout or fakeout? |
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12:31 |
Fakeout’d be my guess. Not sure what changed to make Copper behave since April like a Vancouver penny stock or a small pharmaceuticals mfg with an Alzheimer’s drug in trials. |
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12:48 |
QQQ will ripen for tightly stopped bottom-fishing at 590.63, my minimum downside target at the moment. However, a decisive breach could portend more slippage to as low as 578.39. |
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12:51 |
Dec Gold, currently around 3765, is headed down to 3741.10, small chance of bounce/bottom at 3762.00 |
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12:54 |
MSFT’s failure to hold 508.00 is bearish. |
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12:55 |
GDXJ, currently around 72.46, is close to minor but compelling HP support at 71.78. |
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12:58 |
Bitcoin has been going perversely countertrend so often that perhaps it’s in the grip of the same nitwits/thieves who are animating Copper? |
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13:00 |
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13:03 |
AAPL, tied with Disney for America’s least innovative large company, was close to a new record high before this correction hit. If it doesn’t turn from 249.65, that would imply more slippage to as low as 241.97. |
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13:14 |
TSLA, a lifetime buy-and-hold, has stalled precisely at p2=444.16 of D=520.79. (daily bars, A=182.00 on 8/5/24). |
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