April 25, 2017

TAKE PROFITS ON THE LAST SHORTED TRANCHE OF GOLD MINER BARRICK GOLD TAKING ADVANTAGE OF WEAK EARNINGS $ABX $DUST $NEM $GDX $NUGT $GDXJ $GLD $SLV

TAKE PROFITS ON THE LAST SHORTED TRANCHE OF GOLD MINER BARRICK GOLD TAKING ADVANTAGE OF WEAK EARNINGS $ABX $DUST $NEM $GDX $NUGT $GDXJ $GLD $SLV

This post was just published on ZYX Short Change Alert. 

The last  short sell  tranche of gold miner ABX is from $20.18.  It is trading at $17.15 as of this writing.  Our target zone to buy-to-cover for this tranche was $16 to $17.66.  Barrick Gold

What To Do Now

Consider taking profits on the entire 20% tranche from the last post right here and buy-to-cover.

Consider continuing to hold the remaining short ABX position.

Those not in gold miner ABX may wait for a short signal on the Real Time Feed.

Trades posted on The Arora Report Market Blog have produced unrivalled performance since 2007. 

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TAKE PARTIAL PROFITS AND RAISE PROTECTIVE STOP ON MICRON, ANSWER TO YOUR QUESTIONS $MU $WDC $AMAT $SMH

TAKE PARTIAL PROFITS AND RAISE PROTECTIVE STOP ON MICRON, ANSWER TO YOUR QUESTIONS $MU $WDC $AMAT $SMH

This post was just published on ZYX Buy Change Alert.

MU is long from an average price of $21.77.  It is trading at $26.89 as of this writing.  Partial profits have previously been taken as high as $29.60.

It appears that one or more  institutions are in possession of adverse information that is not yet public.  However we cannot confirm this at this time.

What To Do Now

Depending upon your account size and personal preference, consider taking profits on one-half of the position right here and put a protective stop on the remaining one-half in the zone of $25.43 to $25.68.

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