Long
GG - LONG on Metals and Miners
Closed the gap and breaking out of a consolidation area - headed to new highs?? Looking for a metal that is not too far into a trend...
Moving averages on
GG are heading upwards in a nice trend. My stop will be the 20 EMA which is below the current supply area. 1st target = $13.04.
Compared to
NEM, ATR is less volatile on this one.
Entry tomorrow morning.
Also watching
COPX and 
SCCO for copper play as well.
GDX = $$$ add shares on pullback. 
USO looking attractive as well.
Risk here is a false breakout and overall plummet of general market as this straight up rally may end drastically in SPX.
Moving averages on
GG are heading upwards in a nice trend. My stop will be the 20 EMA which is below the current supply area. 1st target = $13.04. Compared to
NEM, ATR is less volatile on this one. Entry tomorrow morning.
Also watching
COPX and SCCO for copper play as well. GDX = $$$ add shares on pullback. USO looking attractive as well.Risk here is a false breakout and overall plummet of general market as this straight up rally may end drastically in SPX.
Trade closed: stop reached
Hit stop today - all out. Name of the game.
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