Official Short-term Investments Thread

[secol]

Originally posted by Redlined_8000
Lol and my friends told me to sell MEG

http://calgaryherald.com/business/energy/meg-energy-announces-400-million-project-to-boost-oilsands-production
they're funding it by selling more shares. your friends would've saved you a $0.50 drop

[taemo]

Altagas stock dropped 5% this morning due to announced deal with Utility WGL, good time to buy some if you have faith with them.

[ickyflex]

Originally posted by taemo
Altagas stock dropped 5% this morning due to announced deal with Utility WGL, good time to buy some if you have faith with them.

Kind of sucks for them if they wanted to raise equity because it's already being discounted before they can even announce a price

[ercchry]

I can't believe the volatility on gold lately... huge swings

[jacky4566]

Originally posted by ercchry
I can't believe the volatility on gold lately... huge swings

I'm with rex here. Volatility indicates the bulls are slowing down. We are at a turning point down to 1170.

Also picked up some MEG @7.85. Like Apple i have courage they will succeed ! :rofl:

[SilverRex]

even though i would like to get back into Jnug if miners can correct lower. keep in mind, count wise, it would be uber bullish if miners manages to make a new high from this point on. it would mean price is at the beginning of a wave 3 advance.

fcx is also in a simiular situation. after 5 waves off the low 13s, the recent drop is wave 2 follow by wave 3 as well. although a bearish alt count would peg the recent rise as wave B bounce follow by wave C down to 12s. which I welcome as it would be quite a bargain to pick up more shares in fcx in that area.

natgas I am hearing two version. once is that we just had a wave 2 of 3 pull back and it is ready for another new high from here. but there are many that are anticipating natgas to draw back down to 2 or even lower. due to the volatility I am probably not going to do anything. the best approach is to wait for extremes and play the other direction.

for oil, I was expecting a correction from last week, the only question is where she will land. so far technically it bounced off near 50.00 which was the minimum. we have to see how she goes, I know MT price should have a date with 60-65 and top side 76. just have to work thru the current sentiment. would be nice to see the bounce in oil now a wave B as well follow by wave C under 50. I think oil in the 40s would be a good pickup for the next cycle towards 60 oil.

[KO22]

Invested into CCO 2 days ago, been really good to me. Uranium is on its way up

[SilverRex]

silver play update.

bought ndm.to (cost average at 1.39) now 2.87 up 106%
bought gpl 1.54 now 2.29 up 49%
bought usa.to 2.88 (reverse split) now 4.00 up 39%
bought ipt.v 0.60 (actually sold at 0.60)

usa.to has finally started to move, looks as though wave 3 has started on this one too.

bought all of these in the November/December period.

they make up 30% of my portfolio

[KO22]

^ teach me your ways

[littledan]

time to start up the beyond.ca hedge fund...

[KO22]

I'm in.

[killramos]

So anyone on here think there is a chance of RY splitting in the next, say, 6 months?

Been riding a position i picked up in mid September with pretty solid results for such a safe stock.

My theory is if it can break above 100 before may we see a split before July.

:dunno:

[SilverRex]

Originally posted by KO22
^ teach me your ways

my ways are simple. focus on a sector, look for value and add a little bit of technical analysis for entry then buy and hold. I am sure everyone has this down to a tee so nothing new under the sun.

Most would agree my bias is in metals. but recently the move in Uranium may also be a great sectors to play with the Trump administration as the back bone fuel. Might be tempted to get some skin in the game if it produces a significant correction perhaps to backtest the recent breakout

when metals corrected for 4 months and sentiment was beyond extreme bearish. I looked it as a buying opportunity. could I be wrong and if gold breaks under 1k my holdings could all be under water. I have to take a stand while one can use TA to pretty much show you anything you want, I have to pick a side and play like the last 4 months in metals was nothing more than a massive correction. The election throw a wrench in it causing an over extended rally in the US dollar.

If I am right about this the US dollar will be about to top or has already topped and the next move down will light another fire under the yellow metal.

I like gold because the world is standing on a very dangerous financial footing, then when the legs get pulled underneath, the massive fiat and wealth will have to go somewhere. I just love the characteristic of it that it can protect my wealth and also a chance to prosper especially if we get a gold mania repeat of the late 70s, that would be a sight to behold.

[jacky4566]

What stocks is everyone looking at for Uranium?

[SilverRex]

I dopnt hold any at the moment.

but here is good read into the sector and holdings you can look at

http://www.theglobeandmail.com/globe-investor/funds-and-etfs/etfs/funds-that-would-benefit-from-a-uranium-bounce-back/article624138/

[ercchry]

Last I heard on uranium is that it's not going to go anywhere anytime soon? The Japanese issues are still happening, plus the people that need it apparently have huge stock piles

[Disoblige]

Gold looking to come back before end of the trading day. I might enter a position in miners before the weekend if it looks strong. Also keep in mind it's a holiday Monday for US.

[SilverRex]

interesting gdx is on the BoW list with 91mil, the longer miners consolidate at these level without breaking lower, the higher the probability the next big move is to the upside. that would mean wave 2 is completed and wave 3 is about to begin.

[SilverRex]

i think next week will be a key week for miners. it either needs to start aggressively head down for wave C (my buy zone is between 20.40-21)

but with the BoW on gdx today, it can also produce a head fake and still crash.

but if gold punches above 1206 and makes its move to 1240 sooner rather than later, then it can drag miners up eventually so as you can see in green. wave (ii) could already be done. so if a breakout occurs one can try to chase but have stops under 23

https://s28.postimg.org/xivkb1ost/gdx_01_13_2017.png

[littledan]

Any thoughts on cve:Kaly?

http://m.marketwired.com/news_room/Stock?ticker=TSXV:KALY&lang=en-US

[ercchry]

Gold is starting the week pretty strong!

[TYMSMNY]

ding ding ding. lets start the week off strong.

[jacky4566]

Originally posted by TYMSMNY
ding ding ding. lets start the week off strong.

Just flying out of the gates today. :rofl:
Even will all the news neither MEG or JNUG have moved.

[SilverRex]

selling my ndm.to on today's new high. quite happy with the 125% return on this position. Will buy back if a big correction unfolds otherwise going to stay out and free up some cash for other opportunity.

[secol]

Originally posted by jacky4566


Just flying out of the gates today. :rofl:
Even will all the news neither MEG or JNUG have moved.
it is a US holiday as somebody else had mentioned so that probably has an impact

[jacky4566]

Originally posted by secol

it is a US holiday as somebody else had mentioned so that probably has an impact
OH right. D'OH!

[KO22]

Whats up with the silver price? Just shot up before close

[jdmXSI]

Gold is up crazy big :nut:

Edit: since im a newb at this trading thing, would it be a good idea to buy jdst today or is gold still trending bullish?

[jacky4566]

Had stocks in AMD that tanked this morning. Triggered my stop @ 10. Not really sure why that happened. No news or recent changes. Oh well, at least gold is up!

[Disoblige]

Gold looking strong, USD stays weak.

JNUG may be closing high of the day or close to it. ;)

[ercchry]

Hopefully it takes out $1220 overnight and that's the catalyst for miners to finally pop!

[SilverRex]

Originally posted by ercchry
Hopefully it takes out $1220 overnight and that's the catalyst for miners to finally pop!

the 1200-1215 area is a very important resistance zone. a previously strong support turned into resistance, the longer we stay above this, the more bullish gold gets and it will open up the 1300s again. with 1240-1250 being the next major short term target

[secol]

likely will help gold bulls. the 1 hr chart on gold looks really nice since the low in mid december


http://www.marketwatch.com/story/trump-comments-on-too-strong-dollar-send-shivers-through-stock-market-2017-01-17

[SilverRex]

kgc has a neckline breakout and an invested head and shoulder pattern targeting above 4s. that is another 16% higher from this level. while not all charts have the same setup. can it be a bullish sign that miners have further up to go?

I am sure those shorting gold must be feeling the pinch. about time

https://s30.postimg.org/5b5r61yv5/kgc_1_17_2017.png

[SilverRex]

looking at gdx. either wave 3 is under way or this can still be a wave B bounce (due to the weak performance relative to gold)

wont be adding any more positions unless gdx can drop back to the 21 level.

https://s24.postimg.org/tvvpd4ts5/gdx_01_17_2017.png

[SilverRex]

GDX #1 on the SoS list todAY

http://online.wsj.com/mdc/public/page/2_3022-mflppg-moneyflow.html

If pattern continues it looks like tomorrow will be a down day for miners.

hopefully that means it could be the start of that much expected wave C low.

would like to rebuy a couple of jnug positions before she takes off

[Disoblige]

There were a few big sell blocks of GDX after-hours as well.

[SilverRex]

gold in the 1215-1220 is a major resistance zone. cant rule out one last effort to complete wave 5. appears we have an extended wave 3 structure. if my count is correct, i hope to see gold correct back down to the 1180-1200 area and a chance for miners to finally crack and gdx headed back to 21.

leaning towards a drop is imminent scenario due to the fact that miners continue to under perform. it made it to the top of the sell on strength list today. hopefully it has topped so i can get in on the cheap in the coming days.

first sign is gdx breaking under 23 tomorrow


https://s29.postimg.org/pqthi56ef/gold_01_17_2017.png

[Magic-8-Ball]

Originally posted by SilverRex


LABD is at 15.20

i aslo sold all my biotech at 42 2 days back. just didnt want the volatility with the Trump speech ahead and my focus is on gold now

Well...I was on holidays and missed my chance to get out in the 42's on my LABU. Any thoughts on where BIOTECH may be headed short term?

[ickyflex]

Brutal holding energy when the whole US Tariff news is ripping Canadian Energy lower

[SilverRex]

Originally posted by Magic-8-Ball


Well...I was on holidays and missed my chance to get out in the 42's on my LABU. Any thoughts on where BIOTECH may be headed short term?

originally my count suggest we are in a wave 1-2, and now 1-2 yet again. Not sure if Trump's speech (saying Drugs are too expensive) would change the outlook. but as you can see, ibb needs to break the bearish down trend line to open up momentum.

it could very well be similar to miners with a gap up above the red line. then you can have stops under it.

for the moment I continue to entertain this count with breakout to the upside. unless price starts to flirt under 272, then that is a warning sign. and definitely need to evaluate if it drops below 264

I hope biotech isnt one of your strong holdings. as it isnt as clear to count as some other sectors.

https://s27.postimg.org/w1tcxueg3/ibb_01_18_2017.png

[Magic-8-Ball]

Originally posted by SilverRex


originally my count suggest we are in a wave 1-2, and now 1-2 yet again. Not sure if Trump's speech (saying Drugs are too expensive) would change the outlook. but as you can see, ibb needs to break the bearish down trend line to open up momentum.

it could very well be similar to miners with a gap up above the red line. then you can have stops under it.

for the moment I continue to entertain this count with breakout to the upside. unless price starts to flirt under 272, then that is a warning sign. and definitely need to evaluate if it drops below 264

I hope biotech isnt one of your strong holdings. as it isnt as clear to count as some other sectors.

Thanks for the input. Following alongside some of your previous charts I liked the short term upside potential that I was seeing up to that ~300 IBB level. But Like many, I am wary about how things will shake out right off the bat with Trump taking over. I am OUT of Labu now for a bit of a gain, and a win is a win. hehe, even if I don't have have your same impeccable timing it seems!

Thanks again!

https://s27.postimg.org/w1tcxueg3/ibb_01_18_2017.png

[Magic-8-Ball]

Originally posted by SilverRex


originally my count suggest we are in a wave 1-2, and now 1-2 yet again. Not sure if Trump's speech (saying Drugs are too expensive) would change the outlook. but as you can see, ibb needs to break the bearish down trend line to open up momentum.

it could very well be similar to miners with a gap up above the red line. then you can have stops under it.

for the moment I continue to entertain this count with breakout to the upside. unless price starts to flirt under 272, then that is a warning sign. and definitely need to evaluate if it drops below 264

I hope biotech isnt one of your strong holdings. as it isnt as clear to count as some other sectors.

https://s27.postimg.org/w1tcxueg3/ibb_01_18_2017.png

Sorry my last post got included in your response...

"Thanks for the input. Following alongside some of your previous charts I liked the short term upside potential that I was seeing up to that ~300 IBB level. But Like many, I am wary about how things will shake out right off the bat with Trump taking over. I am OUT of Labu now for a bit of a gain, and a win is a win. hehe, even if I don't have have your same impeccable timing it seems!

Thanks again!"

[Disoblige]

Wow, look at our dollar after the rates staying the same. I'm surprised.
Good thing all of my funds for trading is in US haha.

[SilverRex]

Originally posted by SilverRex
gold in the 1215-1220 is a major resistance zone. cant rule out one last effort to complete wave 5. appears we have an extended wave 3 structure. if my count is correct, i hope to see gold correct back down to the 1180-1200 area and a chance for miners to finally crack and gdx headed back to 21.

leaning towards a drop is imminent scenario due to the fact that miners continue to under perform. it made it to the top of the sell on strength list today. hopefully it has topped so i can get in on the cheap in the coming days.

first sign is gdx breaking under 23 tomorrow


https://s29.postimg.org/pqthi56ef/gold_01_17_2017.png

so far so good. gold resistance in the 1215-1220 area appears to ba A top. now gold has bounced off the 1200 level trying to regain the rising channel.

i am hoping this leg down is only wave A follow by a counter bounce then another drop under 1200.

it would be great if gold can move into a down channel like oil did when it first came out of the bottom at 26 and fell for 2 weeks.

looking for gold's next bounce to set the down channel

[SilverRex]

gold looks corrective this morning, if it starts to dive under 1200 towards a new low, it may be that it is still trying to complete the wave A down on it's 5th leg before a more meaningful bounce

as you can see gold clearly broken down from the rising channel backtested the breakdown neckline. and may have started the declining channel.

once it completes 5 waves down, expecting a better bounce follow by continuation lower

https://s29.postimg.org/7cm9as7af/gold_01_19_2017.png

[SilverRex]

GPL looks like consolidation is complete and ready to embark on a 5th wave breakout towards 2.00

seeing git continues to produce higher lows as long as it does not break under 1.71 i think it continues to look bullish

https://s23.postimg.org/m3pnzd0aj/gpl_01_19_2017.png

[SilverRex]

NAK/NDM.to

looks like it is nearing a topping process with MACD and RSI divergences starting to show up. it can still produce one more higher high but I think there will be more downside risk from here on. Already sold all my position in this company and waiting for a significant pull back to load up once again

https://s24.postimg.org/7jpg98a79/nak_01_19_2017.png

[SilverRex]

those still holding Meg.to a quick count from last time I suggested it was in a possible wave iv with one more higher high to go and as soon as this was achieved (v) it immediately collasped. I view that are now in a larger sharp wave 2 pull back (alternatively) unless we are in wave iv and I mis counted the extensions. Either scenario once it finds support, the next big move is up imo.

RSI is extremely oversold, a bounce is imminent regardless of trend imo.

I think any price here down to the 6.50 area is a great buy. I will be a bit concern if price closes below 6.50 so that is where I will draw the sand.

this is also on the assumption that we will see 60-70 oil this year. If that continues to play out, then the next wave 3 of 3 would push Meg to test the all important 13 area which imo is a major resistance.

https://s27.postimg.org/k1wrn50ur/meg_01_19_2017.png

[joegrang]

Any one with thoughts on Nat Gas? Thanks in advance

[SilverRex]

I know some one asked why BTE has been under performing despite MEG made significant strides. Sure it could be various things behind the scene but all I look at are just the charts. and it feels as though BTE may have shot up too fast too soon when it hit 9 last year hence it takes longer to consolidate. Where as Meg had more upside due to less of a runner compare to BTE in 2016.

my current bullish count is that BTE is in some sort of extended wave 3 meaning the current move up is only part of a major 5 wave move. (i) of (III) so far the pull back is steep but also typical of wave (ii) and the 61% lands it at 5.39 so just a tad lower to go.

like MEG RSI is heavily oversold, I expect a bounce soon.

If BTE takes out the previous low under 5, then yes the entire count or structure will have to be re-evaluated. Until such a time, and see how similar BTE and MEG or the energy sector is moving in tandem, I am not expecting a break down at this time.

https://s23.postimg.org/wrwygtuff/bte_01_19_2017.png

[SilverRex]

took a stab at BTE.to, bought at 5.39 1 position. (have some extra cash to play with after selling ndm, ipt and no Jnug position.

will see how she goes

[jacky4566]

Originally posted by SilverRex
took a stab at BTE.to, bought at 5.39 1 position. (have some extra cash to play with after selling ndm, ipt and no Jnug position.

will see how she goes

Wall street bets? Haha.

Are we expecting a gold spike with the inauguration of Trumpasaurus? He wrote his own speech so you just know he is going to say something stupid.

[Vanish3d]

Originally posted by joegrang
Any one with thoughts on Nat Gas? Thanks in advance

I'm betting it's going down so bought some DGAZ last week. So far it's just up down up down

[Kloubek]

Originally posted by jacky4566
Are we expecting a gold spike with the inauguration of Trumpasaurus? He wrote his own speech so you just know he is going to say something stupid.

Hehehe. So true.

[SilverRex]

well this is it people.

the expected bounce for gold/miner is here.

looking purely on gdxj, if there is still the expected wave 3 of C leg down, the current area should make a good rejection. If miners continue to stomp any higher it would begin to ring in a bullish tone.

MACD has opened up so there is a hint of momentum yet RSI is over bought. Then again if this is a bull market, it can stay over bought for some time.

https://s23.postimg.org/qsoto1mfv/gdxj_01_20_2017.png

[SilverRex]

gold is also in a similar pattern, except I can see a fake breakout to trap longs which is a higher wave B before the wave C leg down begins.

however if a breakout does occur and looks convincing then watch the 1209 level. as long as a breakout does not follow by breaking below 1209, then the move could be legit and we will be looking at new highs coming.


https://s29.postimg.org/rwhazo7tj/gold_01_20_2017.png

[Disoblige]

1209 doesn't look like it will survive before the end of today. Such a big selloff from half an hour ago.

[SilverRex]

Originally posted by Disoblige
1209 doesn't look like it will survive before the end of today. Such a big selloff from half an hour ago.

yup looking like a good fake out. still waiting patiently for jnug in the 6s even 5s

[Kloubek]

I am holding JNUG, and almost sold at 9% gain today. Kinda wish I did now that it is back down.

[Disoblige]

I think there will be other chances to sell in the 9s, but these are meant to be traded, so I would take any opportunity I get to profit.

15 minutes, stop the pain!

Edit: Gold closes above 1210 for the weekend, and futures close at 1209.50. Not bad, actually. Let's see what happens Sunday evening/Monday morning.

Edit: Gold opens positive and USD/JPY gaps down. Dollar index also down. Looking decent for bulls for now.

[ickyflex]

Canadian Energy just been getting ripped the past two weeks, down every single day

[secol]

inverted head and shoulder on gold? seems to look pretty strong and GDX still heading upwards

[jacky4566]

Originally posted by ickyflex
Canadian Energy just been getting ripped the past two weeks, down every single day

Your telling me. Another 4% down on MEG just this morning.

[ickyflex]

Originally posted by jacky4566


Your telling me. Another 4% down on MEG just this morning.

All because of this bs BAT.

20% chance of happening so potentially not a bad opportunity to pick up some beaten companies. Whitecap looking good under 11.

[SilverRex]

Originally posted by jacky4566


Your telling me. Another 4% down on MEG just this morning.

if you look at the last chart I posted on Meg, the sweet spot is between 6.50-7.00

bte hit my buy range so I opened 1 position. I will buy Meg if it falls closer to 6.50

[ickyflex]

I think I'm gonna snag some WCP in the next few days

[dandia89]

Originally posted by ickyflex
I think I'm gonna snag some WCP in the next few days

why is it dropping so much and why do you think it'll recover?

[ickyflex]

Originally posted by dandia89


why is it dropping so much and why do you think it'll recover?

All Canadian Energy is tanking as a result of Trump indicating a potential border tax + just general Trump uncertainty. They've been taking a bigger hit before they are held by more funds who have been dumping into this news.

I think it'll recover because I don't think the BAT is targeted to Canadian producers especially because US Refiners are made for heavy crude vs light oil from shale. I think the BAT is an attack at everyone else.

So I would suspect in the coming months that will all clear up and once Trump indicates Canadian O&G is fine, then you would see people jump back onto the Canadian Energy sector equities

My thoughts anyways

[KO22]

Bought NDM(NAK) just before close today for the fun of it as I saw the article 30 mins before saying they have Trump's backing for the Pebble project (2nd largest mine in the world or something), and holy hell, the afterhours volume is insane right now. At the moment up 13%..

[ZenOps]

OSK gold mine, whatta gold mine.

[SilverRex]

miners have an uncanny similar situation like March 16 whereby a refusal to break lower and the consolidation is leading to a breakout. a possible T1 pattern?

gold down 5 dollars yet miners are hanging on to their gains. appears to be quite bullish imo

[SilverRex]

fcx also breaking out as expected. still looking like wave ii of (iii) is completed and this breakout is now wave 3 of 3 which 'should' be a powerful one.

the alt count could still suggest a flat abc still the possibility of 12-13s but at this point I would only consider this if price begins to trade below the breakout neckline. The only concern that may add to the bearish view / count is that this breakout lacks volume

looking for 20-24 dollar to start taking my profit.

https://s24.postimg.org/pp3qfks5x/fcx_01_24_2017.png

[SilverRex]

so far my position on bte.to @ 5.39 is somewhat decent. price is finally coming out of oversold.

hopefully it can break above 5.93 to create a weekly swing high hence producing a bullish reversal engulfing candle that could very well mark the bottom.

still gunning this count being 1-2, 1-2 which explains why bte isnt exploding in comparison to Meg.

Meg .to didnt quite hit my buy zone near 6.50, it got as low as 7.01, which imo is close enough for any correctional target.

however the stock market as I have been hearing alot of people expecting the shoe to drop (or correct significantly)

if that is the case, it may hinder the performance of the energy shares. A falling stock market will definitely add fuel under gold shares though.

another scenario is that big money will want to unload at the top, hence wont surprise me if the market pushes for a fake breakout DOW 21k, spx above 2.3k to trap longs. then this will bold well for energy shares.

https://s27.postimg.org/llkypr0o3/bte_01_24_2017.png

[SilverRex]

after selling my labu at 42. will try again bought a position at 35

also dryship massive record volume on the sell off today. my last beer money is pretty much a loss. but threw another one into the pot for kicks and giggles.

[Disoblige]

Originally posted by SilverRex

gold down 5 dollars yet miners are hanging on to their gains. appears to be quite bullish imo
I love it when this happens. Sold all JNUG at $9.60 this morning.

At this point, I'm not even considering JDST unless it's under $17 to anticipate that oversold bounce. I do think there will be a big psychological resistance of $10 for JNUG though.

Starting new position in JNUG if it hits the high 8's-low 9's region, and starting one in JDST if $16.99 or lower.

Edit: Well, gold under $1210 and JNUG doesn't look too appealing right now lol.

[SilverRex]

xbi is really hard to count so I wont even bother. with a rounding top which can be difficult to overcome. all I know is typically rounding tops are topping patterns but the fact that this rounding pattern is at the bottom of the down cycle that started in 2015 tells me there is a higher probability it will do the opposite.

looking back, as long as biotech continues to produce higher lows without exception of the big sell off prior to the election, that was an intermediate decline. and since price has been consolidating what appears to be a 5pt triangle. I got into LABU which is a great re-entry and hoping we are near the end of wave E with the next big move to the upside.

RSI is also near oversold so that will help.

https://s28.postimg.org/ksq74d5st/xbi_01_24_2017.png

[SilverRex]

this is a quote I particular like

“In this business if you’re good, you’re right six times out of ten. You’re never going to be right nine times out of ten.” – Peter Lynch

;)

[SilverRex]

gold/miners finally started moving down. if the same pattern continues, it could simply be a backtest of previous breakout and would mean it is a good opportunity to get back in.

personally I am still just going to wait on the sideline considering I have more than enough asset in this class to profit from if the breakout move continues.

but looking at gold's breakout move and pull back in 2016 has somewhat of a similar action with gdx in 2017.

if miners follow the same script, then this move up is only a wave B follow by a wave C drop to break the rising channel.

if this does unfold, then I will be enticed to pickup some Jnug

https://s30.postimg.org/6fg2bdh1t/gdx_vs_gold.png

[SilverRex]

My ideal scenario is to see the stock market breakout to new highs drawing in everyone even your next door neighbor along with their grannies while gold/miners correct like it has ran its course and beginning to look bearish again.

this will give me the opportunity to unwind biotech and energy then put the funds back into gold/miners when the stock market reaches A top and collapses.

[ExtraSlow]

Anyone know what up with TOG today? Seems to have risen out of proportion to it's peers.

[secol]

Originally posted by ZenOps
OSK gold mine, whatta gold mine.
i don't follow it, but it's deep in the red now. what happened to it?

[bspot]

Is Questrade down right now? Or just me?

[jacky4566]

Originally posted by bspot
Is Questrade down right now? Or just me?

Nope. Its dead. I've noticed they have been having server issues the past week.

EDIT: Back now. Questrade outages never seem to last more than a several minutes.

[bspot]

well, I'll be curious to know if my BTE.TO order filled today. Lol.

[secol]

questrade still down for me:banghead:

[SilverRex]

volume not to shabby on the breakout move on fcx today. could be legit
almost forgot tomorrow is earning. with higher cooper prices if they beat, this could run away.

and there she is 17+

xbi manages to close green. and miners also mounted a come back near the end. almost as if everything is poised to move higher tomorrow but I think some are a head fake. question is, which one

[Disoblige]

Gold 1197 support strong. Added one position in JNUG :thumbsup:

[SilverRex]

well finally gold caved. was waiting for something like this weeks ago. will not see just how deep the rabbit hole goes if gold even can push much lower.

would like to see hold at least hit the 38% retracement near 1182

for fcx they missed their estimate and price tanked. dont think it changed anything,

looking at the chart, price appears to have backtested the neckline breakout. as long as it holds above the neckline and the 50DMA I will continue to expect FCX is working on some sort of extended wave 3. and the pull back is wave 2 of 3 of 3

https://s24.postimg.org/yuwrh5c1h/fcx_01_25_2017.png

[SilverRex]

well the DOW has crossed over the all important and psychological barrier of 20k looking back has anyone remember when I first taunting a bullish stance on the DOW after it began to recover back in March/April 2016?

the 7 year cycle low was suppose to create a flash crash but was halted prematurely, and the focus was to immediately turn bullish on the stock market in general

lets celebrate by revisiting a very old chart posted back in March 2016, once the neckline was broken, the buy zone perfect buy setup was to wait for back test. and then it was no looking back.

the street is still very negative and still calling for a crash. and all the retail traders are still sitting on the sideline waiting for the crash.

but so long this sentiment remains, the market will continue to grind higher and higher to the point where suddenly every joe realizes they are missing out and begin to chase.

it will be the chasing that will create the bubble (kind of like what happen to China), and all bubbles will end in a crash in dramatic fashion.

this is also the reason why so many stocks, tech, energy, financial, commodities are all painting wave 3 setups or already in one.

looking for the big one due to cycle timing and convergence to take shape in 2020, but until then, any flash crashes (e.g. Brexit) are all buying opporunities imo

https://s30.postimg.org/4qwgyoq0x/dow_3_25_2016.png

[ickyflex]

Big deal from Altagas.

Might grab some shares tmr

[secol]

seems like the overall sentiment is that they overpaid?

[littledan]

CVE:ACB

Bought deal diluting shares announced yesterday. Missed my sell target of 2.75 the day before by 0.04 :facepalm:

Think this will go all the way down to 2.25 this week? I've done well on this stock but was hoping to trade the swings on this stock with a position of 1000 shares as a learning experience.

[KappaSigma]

Sticking with my two permian players. Resolute energy and lilis energy. Up 50% on both.

[SilverRex]

Originally posted by SilverRex

https://s29.postimg.org/pqthi56ef/gold_01_17_2017.png

so this was the expectation and count on gold posted on the 17th. and today, gold is moving to script. wave B was slightly higher but as i suspected, it was just a counter wave.

now we are looking for a landing spot. it has reached our initial buy zone. although slightly lower to tag the 38% level i may open my first jnug position in a while. typical wave 2 action hunts after the 61%, last year gold didnt pull back enough so i have to start scaling in my position now.

gold can also rise and create a down channel before the breakout if lower prices are still ahead.

https://s29.postimg.org/fuk4n87if/gold_01_26_2017.png

[KO22]

Originally posted by KappaSigma
Sticking with my two permian players. Resolute energy and lilis energy. Up 50% on both.

Damn... After June 2016 Resolute shot to the moon. Wish I knew about that.

[Kloubek]

Originally posted by Disoblige
Added one position in JNUG :thumbsup:

How are you feeling about that decision now? The last two days have been brutal.

I'm holding a small position through this, but not liking what I've seen.

[SilverRex]

bte has officially made a higher high and produced a swing low on the weekly chart. another technical confirmation the bottom on this correction may be in.

we also have 5 waves up either achieved yesterday or this morning. looking for a 3 wave pull back before the next leg up

https://s27.postimg.org/aw1hqpg4j/bte_01_26_2017.png

[SilverRex]

when oil touched 55 at the beginning of the year I suggested oil was due for a pull back, the only question was if it would retest 50 or lower and any drop would be a good pickup.

so far it would appear the correction may have ended near 50. it would deem a successful backtest of the previous top (marked wave A) oil is a some what confusing when it comes to counts. but I incline to believe in 3 waves. so even if this is wave C we should see 60+ oil

so long oil remains above 50 and the 50DMA, the expectation now is a big move uptowards 60 oil

energy shares such as BTE is also lining up nicely anticipating the 60+ oil

https://s29.postimg.org/iwuztqsfr/oil_01_26_2017.png

[SilverRex]

if the stock market is ready to keep moving higher and the breakout above dow 2k was the nail in the coffin to ring in further retail investors, then the general rule would be everything rise while the gold/miner sector heads down as a case of risk off trading.

with that said, biotech may have completed a 1-2-1-2 and wave 3 is about to begin imo.

after completing 5 waves up as well, the wave 2 correction looks like it could be complete.

it is amazing how some rules never change. a typical correction normally retraces back to the previous wave iv range. look at how xbi shot up only to give all gains back to complete this rule. Truly amazing.

https://s28.postimg.org/3sjytjpvh/xbi_01_26_2017.png