Time 2:48

Stocks: MELI, SLT

MELI: This stock has hit the 14% target. The stock is at the top of the uptrend channel and is right up against serious resistance at $45. Time to take a gain just waiting for the close.

SLT: The stock has set up a good double bottom and is giving the same type of signal it did last year that led to big gains in the stock. The S/D rating is very low but I have noticed that most foreign stocks have low S/D ratings and most ETFs have high S/D ratings. There must be a reason for this. Also the group, copper stocks, are breaking out, led by FCX & PCU both with high S/D ratings.

Follow up:

IMCL: We sold the stock for a small gain. See yesterdays blog. This sale turned out to be money good as the stock has broken down today. Well Done!