The indices were generally weak today selling off and then trading sideways. In the heat of earnings right now so there were some very active ticker symbols. But the rest of the market is hard to trade as there doesn't seem to be any follow through. Gold had a good day with the JNUG and NUGT (the gold ETFs) up about 8% today. They did back off from the resistance level. It looks to me like they are both going higher.
TLYS: Stock broke out of a base pattern today closing at $10.38, $0.02 of its high. It needs to break through $10.86 and then $11.25. But if it does then $13.50 is the target.
GIII: Stock I am short the stock from $28.18. It recently broke down and is heading lower closing today at $26.38. You can short on pops to $26.70 or breaks below $26.17. Price target $22.00
MIK: Another short I wrote about and I am short on a swing trade from $24.50. Stock continues to trend down breaking down below support at $23.00 but closing at $23.05. I would look to add to my short below $23.00 with a price target of $20.00.
NXTD: Stock has traded above a base it was building trading as high as $4.38 closing $3.98. It runs into resistance at $4.70 and $5.50. One to watch to look for a good entry level.
MTL: Watching for first Green/Red day to go short. It had trouble today with $5.00 being a resistance level for it. A move back to $5.00 and I will look to go short. As well a move G/R and I will look to short.
PEIX: Stock is a $.05 spread experiment. But the stock has moved above resistance levels and I would look to go long over $7.70. Price target $9.00
thanks...i really like your points of view...
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