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Last Tuesday afternoon, hours before CAVA (Cava Group) was scheduled to report Earnings, this is what I posted for MPTrader members:CAVA reports Earnings after today's close. Approaching the news, CAVA is circling 61, a full 40% beneath its April 2026 high at 98.79, amid an unconfirmed new corrective low at 60.21 yesterday (8/10/26), leaving CAVA positioned for a "buy-the-news" setup (the opposite of a sell-the-news setup in a name that is up 30% to 40% approaching Earnings).
Hecla’s Best Quarter Met Cooling SentimentOn August 4, Hecla Mining (HL) reported the best financial position in its nearly 135-year history. The company retired $263 million of senior notes and ended the quarter effectively debt free. They hold $483 million in cash and still have an undrawn $225 million credit facility available to them. Free cash flow more than doubled year over year to $136 million. And cash flow from continuing operations was up 61% to $175 million. The list continues.Lucky Friday set a quarterly silver production record at 1.5 million ounces. Revenue came in at $334 million, up 52% from the quarter a year ago.
While the market finally began the rally we wanted to see to the next target overhead, the manner in which we seem to have rallied is leaving a bit to be desired from a structure standpoint.As a purist, I would view the rally today as completing the 3rd wave within wave (3) of v of (iii). That means we need one more rally to complete just wave (3) of v of (iii). But, something looks off about the structure.So, for now, I am going to remain a purist and expect another rally to complete wave (3).
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