"AG is basically positioned for the perfect storm." Nate Bear, Lead Technical Tactician, Monument Traders Alliance The S&P hit all-time highs on Friday, then promptly sold off into the long weekend. But while everyone's taking profits and worrying about September being historically brutal for stocks, AG is sitting pretty at $9.20 - just 30 cents from its 52-week highs. Look, I'll be honest with you - I'm a self-confessed trading addict, and when I see a setup this loaded, it gets my blood pumping. We're talking about a stock that's crushed the market by 6x this year (+68% vs. the indices' +10%), and it's STILL coiled for another leg higher. Most traders are looking at this thinking "too extended." Me? I'm thinking this is exactly where you want to be when the macro winds are shifting in your favor. What AG Actually Does (The Boring Stuff) AG is First Majestic Silver Corp - they mine silver primarily in Mexico. Not the sexiest business in the world, but here's the thing - with inflation still running hot at 2.9% core PCE and the Fed expected to cut rates in September, precious metals miners like AG are sitting in the sweet spot. Lower rates make holding non-yielding assets like silver more attractive, and inflation concerns? Well, that's exactly when people start looking at precious metals as a hedge. AG is basically positioned for the perfect storm. Why This Technical Setup Has Me Excited The Daily Squeeze (This Is Huge) When you get a daily squeeze, you're looking at sustained consolidation on the daily timeframe. Think about it - all that buying and selling pressure gets compressed into a tighter and tighter range until something's gotta give. And when it breaks? Man, those moves can be violent. A daily squeeze means we're building energy on a timeframe that actually matters. Not some five-minute noise that'll be forgotten by lunch, but real institutional-level accumulation. Stacked Smaller Timeframe Squeezes But here's where it gets really interesting - AG isn't just showing a daily squeeze. We've got squeezes stacked on the 130-minute, 60-minute, AND 78-minute charts. This is like having multiple springs coiled at the same time. When they all release together? That's when you get those moves that make your month in a single day. |
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