Comments include: AEM, B, BOOT, CNR, FNV, GE, GFI, GM, HCC, METC, MMM, MO, NEM, PHM, PM, RGLD, WFRD, & WPM.
| AEM Agnico-Eagle Mines Ltd. ($163.49) - Precious Metals - AEM was down more than 8% Tuesday amid a broad pullback in precious metals. AEM gave an initial sell signal sell signal when it broke a double bottom at $170 and continued lower to $162, where it now sits against support. The outlook for the stock remains positive as it is a 5 for 5'er. |
| B Barrick Mining Corporation ($31.68) - Precious Metals - B fell to a sell signal when it broke a double bottom at $32. The outlook for the stock remains marginally positive as B is a 3 for 5'er; however, from here, the stock shows no additional support on its chart until its bullish support line at $19. |
| BOOT Boot Barn Holdings Inc ($190.53) - Retailing - BOOT broke a double top at $192 for a second buy signal and better its September chart high as shares rallied to $194. BOOT is a 4 for 5'er that ransk within the top half of the Retailing sector matrix. Okay to consider here on the breakout or on a pullback below $190. Initial support lies at $184, while addtional can be found in the $162 to $164 range. |
| CNR Core Natural Resources Inc. ($85.94) - Oil - CNR fell more than 6% intraday on Tuesday and gave an initial sell signal when it broke a triple bottom at $88. The outlook for the stock remains positive as CNR is a 4 for 5'er and ranks in the top quintile of the oil sector matrix. From here, the next level of support is CNR's bullish support line at $83. |
| FNV Franco-Nevada Corp. ($194.33) - Precious Metals - FNV fell to a sell signal Tuesday when it broke a double bottom at $200. The technical picture for FNV remains modestly positive as it is a 3 for 5'er, but ranks near the bottom of the precious metals sector matrix. From here, the next level of support sits at $186. |
| GE GE Aerospace ($306.36) - Aerospace Airline - GE broke higher today, completing a triple top buy signal on its default chart. The stock has been a high attribute name for quite some time, and remains a name to have focused exposure on within the stock sleeve of your industrials portfolio. We have support offered at $292. |
| GFI Gold Fields Limited (South Africa) ADR ($38.64) - Precious Metals - GFI was down more than 11% Tuesday amid a broad pullback in precious metals and gave an initial sell signal when it broke a double bottom at $39. The outlook for GFI remains positive as it is a 5 for 5'er and ranks in the top half of the precious metals sector matrix. Beyond the current support at $39, GFI shows no additional support until $23. |
| GM General Motors ($67.11) - Autos and Parts - GM broke a double top at $63 for a fourth buy signal as shares rallied to $67, matching the stock's all-time chart high. GM is a 4 for 5'er that ranks within the top third of the Autos and Part sector matrix and is accompanied by a yield north of 1%. This rally brings shares into overbought territory, so those seeking to initiate expsoure are better served look for a pullback to the lower $60 before considering. Initial support lies at $55. |
| HCC Warrior Met Coal Inc ($64.99) - Oil - HCC fell to a sell signal and a negative trend on Tuesday when it broke a double bottom at $64, where it now sits against support. The negative trend change will drop HCC to an unfavorable 2 for 5'er. |
| METC Ramaco Resources Inc ($41.74) - Oil - METC gave an initial sell signal Tuesday when it broke a double bottom at $44 and continued lower to $41. The outlook for the stock remains positive as it is a 5 for 5'er that ranks first of 52 names in the oil sector matrix. however, given the magnitude of Tuesday's move its RS characteristics could deteriorate in the short-term. From here, the next level of support sits at $31. |
| MMM 3M Company ($163.81) - Chemicals - MMM returned to a buy signal Tuesday when it broke a double top at $162 and continued higher to $164, where it now sits against resistance. Tuesday's move adds to an marginally positive technical picture as MMM is a 3 for 5'er that ranks in the top third of the chemicals sector matrix. From here, support sits at $150. |
| MO Altria Group Inc. ($63.75) - Food Beverages/Soap - Shares of MO broke a double bottom at $63, moving to a sell signal for the first time since April of this year. The 4 for 5’er continues to trade in a positive trend and is still acceptable to hold here. Initial support from the bullish support line is at $58 with traditional support starting at $57 then $53. |
| NEM Newmont Corp ($86.49) - Precious Metals - NEM fell to a sell signal Tuesday when it broke a double bottom at $89. The technical outlook for the stock remains positive as it is a 3 for 5'er and ranks near the middle of the precious metals sector matrix. From here, the next level of support sits at $85. |
| PHM PulteGroup, Inc. ($124.35) - Building - PHM broke a double bottom at $118 for a third sell signal as shares fell to $116. This will also violate the bullish support line, which will drop the stock to a 3 for 5'er trading in a negative trend. Support for the stock now lies at $112 and $108. |
| PM Philip Morris International Inc. ($152.00) - Food Beverages/Soap - Shares of PM fell Tuesday after releasing earnings and guidance, seeing the stock move to its fourth consecutive sell signal. However, the 4 for 5’er still trades in a positive trend and maintains long-term relative strength, making it acceptable to hold for the time being, especially with it nearing extremely oversold territory. From here, previous resistance at $134 - $132 could act as future bounce points while the bullish support line lies at $130. |
| RGLD Royal Gold Inc ($186.19) - Precious Metals - RGLD fell to a sell signal Tuesday when it broke a double bottom at $190 and continued lower to $184, where it now sits against support. RGLD maintains an acceptable 3 for 5 TA rating but ranks 30th of 30 names in the precious metals sector matrix. |
| WFRD Weatherford International Plc ($67.13) - Oil Service - WFRD returned to a buy signal Tuesday when it broke a double top at $66. Tuesday's move adds to an already positive technical outlook as WFRD is a 4 for 5'er and ranks in the top third of the oil service sector matrix. From here, support sits at $62 and $61. |
| WPM Wheaton Precious Metals Corp ($96.17) - Precious Metals - WPM was down more than 8.5% on Tuesday amid a steep sell-off in precious metals. The stock gave an initial sell signal when it broke a double bottom at $102 and continued lower to $95. From here, the next level of support sits at $91. WPM is a 4 for 5'er but ranks in the bottom quintile of the precious metals sector matrix. |
