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It’s been a fun morning so far. I had the kind of trading I love, which is to move from position to position, tighten up the stop where necessary, and move on to the next one. Most of my shorts are down, and my long positions (precious metals) are doing great.
Gold has completed the triangle I’ve been yammering on about endlessly, which is a tremendous victory. On to lifetime highs, folks!
I have three large, long positions, and I’d like to share the medium-term and long-term view of each.
The first, gold, completed its right triangle continuation pattern, and I’m pretty excited about where precious metals are going to go next week.
While hunting down stocks for my prior post (Thinner Winners), I stumbled upon some powerful stocks which, over the long haul, seem well-poised to keep grinding higher.
No, this isn’t about The Traveling Wilburys. It’s about a company called Super Group Holding Company (SGHC), which apparently is an online gaming/gambling company. The chart looks very good as a speculative long position.
