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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.
Needless to say, the high we struck last week leaves a lot to be desired as a completed wave v, which I mentioned yesterday. But, we have to take what the market gives us, and I now have to view wave (iii) as complete with that less than a desirable structure, as well as coming up a bit short of the ideal 1.618 extension. But, this is now how I am forced to count it.Yes, there are other interpretations as well, but I think this is the cleanest of the choices.
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