This is the entry post from July 10th, we saw some very interesting signals on what had just been a short term selling climax, which makes it easy for smart money to accumulate on the cheap and in size, exactly what they need with their position sizes without ever alerting anyone to what they are up to as few people who are stopped out ever consider who’s taking the other side of the trade, still we need good signals giving us strong objective evidence that the shares were accumulated. For MCP, there were nearly a dozen charts in the “charts” post, but here’s the gist of the signal in one chart.
Again, one chart doesn’t do our analysis justice, but to sum up the reason for the entry, here’s DUST’s positive divergence/accumulation Friday, one of the reasons we entered.
DUST accumulation Friday afternoon, this was in line with a broader pullback expected in GDX/NUGT which we will be buyers of when the signals come in.
Here’s today’s exit post for DUST at an +8% gain for a single day.