Monthly Archives: April 2017

CEFL in Extreme Overbought

Ok, CEFL is now hit 80 RSI…and the ADX is overbought. Doesn’t mean trend is changing but proper trade management says lock in some of the $1.00 in gains on the 2nd lot of 1000 shares. I am selling 55 shares to raise basically $1000 in cash.  I am staying long 1945 shares until price closes below the 20 day simple moving average. Been a great month trading high yield. Very profitable.

cefl42717

 

Trouble in gold market?

Something a foot, gold continues to climb but junior mining stocks (gdxj) are dropping but large cap miners (gdx) have gradually climbed. We have a disconnect. In addition to the apparent divergence RSI hit 74. I sold 1/10 my UGLD position to lock in some this 10% profit on this trade. 

Bonds continue work as hedge I’m long TMF up about 8%, chart looks good stay the course. 

Oil is up but oil stocks have divergenced. Similar to gold and the miners. 


Junior miners