$RIGP Breaks Out to the Upside, Handing Us a 24% Open Gain

Here's a stock I recommended to $10 Trigger Alert subscribers on October 1.



(updated chart)

I recommended RIGP because of the double bottom. Also, it paid a fat dividend that looked fairly safe. And I thought the oil market was due for a turnaround (due to bullish action in both oil and Exxon-$XOM).

All these things turned out to work in our favor. Now, RIGP is breaking out to the upside. Of course, we'll have to see where it ends the day, and anything can happen (including reversals!).

Good luck and good trades to you all. And remember, you can ask me anything in my Scutify.com chat at 1 pm Eastern Time on October 7 (today). The link for that is  https://www.scutify.com/premium-scuttles.aspx…

I Receive a Letter From a Brain Surgeon

I recently joined Scutify.com. No sooner did I do that than the SPAM started. 

Here's one: 

HELLO I AM A RETIRED BRAIN SURGEON AND ACT AS A PRIVATE INVESTOR TO SOME CLIENT IN THE UNITED KINGDOM RANGING FROM TOP BUSINESS PERSONALS SERVING AND RETIRED ARMY. COLONEL,LIEUTENANT-COLONEL AND TOP GOVERNMENT FUNCTIONARIES WHOSE PRIVACY IS SHROUDED IN TOPMOST SECRECY. AM SEEKING FOR INVESTORS / START UPS WHO NEEDS TO EXPAND THEIR BUSINESS. I HAVE 50 MILLION DOLLARS TO INVEST IN ANY PROJECT .IF INTERESTED OR ANY OF YOUR CLIENTS, PLEASE GET BACK TO ME. MY EMAIL IS mott2015-2016 (rest of address deleted to protect the idiots*).

My Reply:

Dear Sir and/or Robot:

While I won't reply to you on Scutify, I'm glad to do it here on my blog. 

I notice that despite being a "brain surgeon" ....

• You write in ALL CAPS. A brain surgeon can't figure out the caps lock key, eh?
• Punctuation is mysteriously misplaced. Meanwhile, at least one necessary word ("I" at the beginning of a sentence) got bored and wandered off.
• Perhaps we are lucky more is not lost in that stream of not-quite consciousness.
• Seriously, I read your all-caps paragraph three times before I figured out what you were trying to say. 
• Brain surgeon indeed. Listen, sir or robot, we've already got one too many brain-damaged brain surgeons in America, thanks very much. 

To that point, I suggest you address all further communication to the website Ben Carson for President. He's badgering me for money, too. I'm sure you and Dr. Ben have lots to talk about.

Sincerely, 

Sean Brodrick

*Not you. That other guy

Ask Me Anything ... on Wednesday at 1 pm

I'm hosting a live chat on Wednesday at 1 pm Eastern Time on the website Scutify.com. Scutify is like Twitter for market gurus and analysts; a big difference is that you can make posts longer than 140 characters.

Anyway, you're invited to the chat. You can either make your own Scutify account -- it's free. Or you can bypass registration by logging in with your Facebook, Google+ or Twitter account at: https://www.scutify.com/login.html. It should be fun.

The direct link to my chat is HERE: https://www.scutify.com/premium-scuttles.aspx?q=5611df1fb6d377204473250e

I'll talk to you on Wednesday. You can look for my chat under the hashtag ‪#‎AMA‬ (Ask Me Anything).

Silver Rallies, and Silver Standard ($SSRI) with It!

We've had Silver Standard Resources in the $10 Trigger Alert portfolio for awhile. Nice gains on this one. And they could get bigger. Hark! A breakout looms nigh!



(Updated chart)

Should we grab gains now or stay? Just kidding ... I think precious metals look good here. We'll stick around. But like Sandstorm, it could take SSRI some time to work through overhead resistance. So be patient.

Sandstorm Gold ($SAND) tests Its Downtrend

We added this position to $10 Trigger Alert recently. Nice rally up into resistance.


(Updated chart)

This could take a while to work through that overhead resistance, but be patient. I think the best is yet to come.

Mind you, gold is down slightly as I write this. If gold is down, why are gold miners up? I think I know why. Do you have a theory?

Japanese Yen Breaks Out to the Upside

As I mentioned earlier this week, the Japanese Yen has been consolidating, and looked poised for a breakout. I was expecting a breakout to the upside but cautioned that you should wait until the breakout actually happened before buying. Let's look at today's chart action ...

(Updated chart)

Look for confirmation of the breakout on Monday. If we get it, then the yen (as tracked by the FXY) could rally to overhead resistance at 89. That's a huge move in a currency.

We'd have to see what happens then.

Have a great weekend. I hope you were on the right side of gold this week.

When Are Investors Most Bullish?

I found this on Stocktwits.com. This shows how investor sentiment (on average) changes both by the hour of the day and during the day of the week.

Stocktwits' conclusion: "investors were most bullish when the market was closed."

Something to keep in mind when you're going to buy, and when you're going to sell.

There's a lot more at the original article.