Palpara Merchants

Substantive Finance

2 signals to buy

This week I see two signals: one in fuels cells and the other in gold miners.

Fuel cell stocks are showing clean break outs, but I see no reason why in their earnings. $BLDP was the first to break out when it traded at $10.75 in early June. Yesterday $PLUG followed in line. There is evidence of institutional buying in the volume but since the earnings show no improvement, I am keeping stops tight.

The other signal is in the gold miners. After a false buy signal from my proprietary indicator last week (which was immediately followed buy a sell signal the very next day) yesterday showed the first indication that a resumption of the uptrend is coming soon. It can come in fits so I bought a quarter position. Follow on signals will force me in to a full position as they come.

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