RUSH.A and RUSH.B - Acquisitions in the works.Quick technical analysis on Rush Enterprises. This is a consumer cyclical trucking dealership. They are very dominant in this market space and currently in the process of acquiring 30 more locations. This is a good long-term portfolio addition. Because of the acquisitions coming in play, this could also lead to a quick short term profit as well for the swing traders. You can always add this to your watchlist and just keep an ion it for now, or choose to invest at its current stage. Always assess your own risk tolerance before getting into any sort of trade or investment.
Rush
What's happened to 'the Gold rush?This is a short screencast showing an excellent entry position. (this is not advice to enter a trade).
The gold market is holding it's breath I think. Keep in mind that generally Gold has an inverse correlation with Stock Markets in troubled times. I suspect that people are watching for a Halloween Effect, or something with the Stock Markets - so they're probably a bit anxious to jump on Gold. If the Halloween effect happens then price of Gold sinks.
But if the stock markets make a conclusive move south, I'm expecting RSIs to go on fire in the north direction. We shall 'have to wait and see' as Mr Trump often says. :))