ISO, no bounce in MNG, but EENC has
MNG ain't coming back today; it doesn't seem...EENC took a dive down toward $7. Had I been feeling lucky I guess I'd taken a swing, but being out felt too good to me...Notice this weakness is coming on increasing volume, looked like the close might be toward the upper end of the day's range, but less certain now...
Best thing that can be said about the miners is that this decline is on light volume. Sold short some HMY early as this week's lows look to be in trouble come Tuesday barring any events over the weekend, of course, and then I'm hardly sure..
Starting to look over at the general equity side of things...FDRY in the semi group seems relatively strong and BBY has a good pattern. Positioning for a quick bounce once the war starts....Bush seems destined to go it alone if necessary.
EENC
stockcharts.com[h,a]dbcayiay[dc][pc50!c200!c20!c13!f][vc60][iut!Ul14!Ue12,26,9!Ug!Lb14!Lh14,3!Ll14!Ld20!Lya7,14,28]&pref=G
FDRY
stockcharts.com[h,a]dbcayiay[dc][pc50!c200!c20!c13!f][vc60][iut!Ue12,26,9!Uj[smh]!Ug!Lb14!Lh14,3!Ll14!Ld20!Lya7,14,28]&pref=G
BBY
stockcharts.com[h,a]dbcayiay[dc][pc50!c200!c20!c13!f][vc60][iut!Ue12,26,9!Ub14!Ug!Lb14!Lh14,3!Ll14!Ld20!Lya7,14,28]&pref=G |
