Category Archives: Hot Stocks

Caution: Gold Miner GDX Daily Cycle Top is In

GDX had 18 weeks selloff since mid August 2016.  It finally bottomed on 12/20/2016 at 70.7% retracement of the entire advance it made in 2016.  It is currently in the 3rd week of the new weekly cycle.  It is 12 days into the daily cycle.  The top @ 23.35 made on 1/5/2017 met 38% retracement resistance of 23.63.  The top is in.  We expect

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AMD Multi-Year 2010-2016 Breakout

AMD has been a fabulous turnaround story in 2016.  AMD was once facing existential threat.  The new CEO has turned the ship around.  The street has done a good job in explaining why the chip sector has further room on the upside.  This chart shows in numbers how far AMD will go.

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Six-year Old Drug Sector Bull Market in Correction

The drug sector rallied straight from the March 09 low to August 2015.  This is the sector benefited the most from the last four-year cycle.  The leadership has been lost to the present leaders.

It is in correction phase that has more room on the down side.  It only corrected 38% of the 6-year bull market.

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The Top Performing Stocks from Leading Sectors

During the past rally, the leading sectors are banking & industrials.  The leading sectors from the previous cycle have been rotated out of leadership positions.  The following stocks have been selected as representatives of each of the leading sectors.  It’s very encouraging to see the two stocks from the chip sector.

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