Chart Request...

I was asked to look at some miners including HL, UXG, EXK, URRE, TGB and DNN.

I haven't been able to take more then a quick look at the others, but HL I did look at. I feel this is a bounce and probably not the start of a new uptrend. The others I can't say the same for until I get more time to look closer at them. Here's HL's charts.

 This first daily chart is from Worden's new TC2000 (version 11 of TeleChart) if you need an excellent charting package CLICK THIS LINK. So what we see here in yellow is the volatility getting extremely wide, this is indicative of a top. The Heiken-Ashi candles used here are signifying an indecision candle which often is a short term reversal, but note how the red candles walked the lower Bollinger Band, that's pretty extreme downside action.

 Here's the daily candlestick chart, note where the volume spikes are. In the white box yesterday we saw a doji or morning star which is a common short term reversal candle and today we saw the reversal. MACD doesn't look good and I'm using a long setting to filter out noise, you may want to try it (settings:  26/52/3 exponential).

 Here's the daily 3C chart, in green we have price confirmation, in red negative divergences/distribution. I also included TSV 55-another long term setting that few people use, but it reduces the noise and lets you see something that most people won't. The red square around 3C is a leading negative divergence.

 The hourly chart reveals distribution in a top-like setting.

 The 30-min chart shows some of the accumulation leading up to today's move up. These events are not random, they are planned days in advance. You must understand that about this market, it is choreographed ahead of time, the outcomes are often known well in advance, this is due to inside information, leaks and just a much better flow of information. How many of us can have lunch or play golf with the CEO of a major company? However, we can often see what their doing.

The 5 min chart shows the accumulation yesterday at the morning star-lateral trends like that of a morning star produce nice even buys at low volatility guaranteeing those who are buying a low price. Often in the 1-5 minute timeframe it is market makers and specialists accumulating for their accounts as they have often filled the bigger accumulative order as seen above, so in a sense, they are front running the move.

The accumulation i fairly significant. Because of this, I feel we may see another day or to (maybe more) of upside. We need to watch for the unwinding of that long position and at that point this may make for a good short trade.