base metal charts. copper zinc nickel. all worth a look. lovely sight.
normal base metal stocks kzl pna mre pem all responding nicely. more in them but slight pullback now ready for next direction.
most stocks have pulled back from open but mte has consolidated at 32c level. volume building. and expecting another surge. sold some MTE last week at 32c and rebought at 29.5c when dow was red. best I could do. tightly held and trending up.
break of 32.5 would be nice but 35c would be convincing. should happen as long as dow stays sideways.
waiting now for possible US jobs data pullback and then review and hoping long again on key stocks.
OZL FMG BOW SLR all quality stocks. may pull back again but at some point these stocks along with kzl pna mre pem jml etc will rise and not come back. sell some keep some rebuy at next low. boring but safe trades
meo and mog are more exciting. keep on building and should get another spike in coming weeks.
REEs great run and happy to sit out and wait now.
REITs when they finally run then we can say we are having a rally. in meantime more consolidation?
not holding any buys from today. 4500 level is the line in the sand for my buys. existing holdings can run or fall back from here and just pump out the daytrades. next stop either 4000 or 5000+.
Buffett great post last week. didnt sell the panic last week and wont buy and hold the euthoria today.
