Lithium May Go Out with Periodic Bang

To follow-up on a recent blog post, lithium (LIT ETF) has been on a tear this year and may be ripe to conclude 2017 with a bang rather than a whimper. 

And SQM, one of the major lithium-related players, a Chilean ag, looks as enticing as any on the long side with earnings not until around Thanksgiving. 

On the SQM daily chart, below, you can see price threatening a triangle consolidation to the upside as we speak. 

Elsewhere, I see HMNY is snapping back hard today. I expect tons of volatility here, especially with this pullback still possibly playing out. But it will be a setup we are stalking early next week.