KIER MCDONOUGH
@KIERMCD
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Optimist, happy husband, private investor,retired hedge fund founder/PM, former IBD workshop instructor, and enthusiastic traveler
Joined August 2009
Amy Smith was kind enough to include me in her book with a number of other great traders & speculators
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“When I see a bubble forming, I rush in to buy.” ~ George Soros
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$SLV made a powerful move from this breakout in late November. What seems too high often goes a lot higher.
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“Without numerical fluency … you are like a one-legged man in an ass-kicking contest”~ Charlie Munger
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“Nothing so undermines your financial judgment as the sight of your neighbor getting rich.”~J.P. Morgan
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$GLD just completed a bullish triangle pattern after consolidating its strong prior uptrend. It’s already up over 60% YTD. A weaker US Dollar—since most commodities are priced in USD—is helping drive many commodity prices higher. #USDollarIndex #GOLD
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$COPX this copper ETF had a strong prior up trend, followed by a testy consolidation. Dr. Copper is said to have a PhD and economics so perhaps the good times keep coming.
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$MSTR this giant $BTC holder makes the first higher high after a handful of lower lows. This reversal pattern often moves very quickly as it catches many leaning in the wrong direction.
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$SLV silver breaks out of a bullish triangle pattern after consolidating a strong prior move. This looks like the Lone Ranger moment; Hi-yo, silver!
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$BTC posted a higher high this week after an extended move down. Now we watch to see if demand can continue to outweigh supply for the crypto king.
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$TSLA breaks out of bullish catapult formation after two recent buy signals-often a launching pad for higher prices.
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