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Disappointed in URRE Uranium Resources Inc Today

I sold URRE today near the close at 3.1433, my entry was 2.83 a few weeks ago.  That works out to about an 11% gain which is fine with me.  I consider myself to be  lucky to even have a gain on this stock as its recent moves have been

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Posted in Commodity Stocks
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URRE Uranium Resources Inc Near Resolution of Small Inverted Head Shoulders

URRE Uranium Resources Inc is possibly near resolution of a small inverted head and shoulders pattern over the last several weeks.  The volume today was also very robust north of 7 million shares but URRE was still not able to achieve a breakout from the 3.34 range. The stock still

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Posted in Commodity Stocks
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Still Long URRE Uranium Resources Inc but Nervous

I am still long URRE Uranium Resources, Inc, the uranium mining stock but I am a bit concerned that it will not be able to break out of the recent long consolidation.  Actually it already did break out of the down trend line of the consolidation, but it has not

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Posted in Commodities, Commodity Stocks
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URRE Uranium Resources Inc To Make Determination of Support Soon

Uranium Resources Inc URRE is very close to making a decision on whether or not to hold support at 2.65 in the coming days, perhaps as early as tomorrow. Today we see that URRE declines for the fourth straight day and is closing right near the low of the day’s

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Posted in Commodity Stocks, Stock Setups
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Uranium Mining Stocks and Spot Price Look Very Bullish Going into 2014

The Uranium spot price according to UXC.com is currently near 70 dollars per pound as of January 12, 2011.  I check the price occasionally and have been thinking about this sector for quite some time now.  I believe the uranium spot prices are updated every Monday but then released in

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Posted in Commodities, Commodity Stocks, Long Term Trading
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DryShips Inc DRYS Trading in a High Tight Pennant Formation

I did a write up on DryShips Inc DRYS triple bottom a couple weeks ago at a price of 4.06 indicating that it could get a move towards 5.  So far since that posting it has been up as much as 18% hitting a high of 4.79. It has been

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Posted in Commodity Stocks, Stock Setups
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DRYS DryShips Inc Close to a Confirmed Triple Bottom

There are so many buy setups right now it is not even funny.  A very long time ago I did a post on how DryShips Inc was headed for a triple bottom.  As it turns out the triple bottom never arrived.  Instead DRYS broke through the downtrendline indicated at the

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Posted in Commodity Stocks, Online Trading, Stock Setups, Technical Analysis
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BP plc (ADR) May Bottom Out Near the 23 to 24 Range

I just pulled up a chart of BP plc (ADR) and noticed that the stock is soon approaching an interesting supporting channel line.  This is the same method I used to identify the bottom in USO a couple weeks ago.  As it turns out I was one day early on

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Posted in Commodity Stocks, Stock Setups
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Gold Mining Penny Stock CVRG Converge Global Setting up for a MoonShot

Before I even begin to talk about CVRG let me say this.  CVRG is a PINKSHEET penny stock that is extremely speculative and has all the normal disadvantages that normally come with pink sheet stocks.  I consider penny stocks in some ways less risky than options because they do not

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Posted in Commodity Stocks, Gold Mining Stocks, Penny Stocks, PinkSheet Stocks
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TLR Timberline Resources About to Bust Loose and other Market Ramblings

The gold price move seems to be well underway now and today we saw the US Dollar Index have its worst one day drop since July 31st.  The dollar could be entering free fall mode for a week or two that forms some type of capitulation low.  Gold is overbought

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Posted in Commodity Stocks, Gold Market, Gold Mining Stocks
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