Official Short-term Investments Thread

[SilverRex]

AAPL

made a new ATH this morning, another confirming signal that the stock market isnt dead. still expecting new ATH across all sectors this years. using S&P as reference, once it hits above 3000-3200 I will begin to scale back significantly.

[Kloubek]

Icon

finally some signs of life this morning, we will see if this translate to anything significant
update: well earnings came out this morning, they met expectation and reiterating outlook unchanged for 2018 doesnt seem like a bad report other than the fall in revenue YoY

So pissed. I put in an order but it was 1 cent away. Then proceeded to go up 20%.

[SilverRex]

Weed

im still expecting one more higher high for this sector, this correction really test your patience. looks like a triangle breakout here, from experience, triangle breakouts are usually a terminal move. So this could be the last major up cycle before she finds a bigger top

https://s17.postimg.cc/taak3p8dr/Weed_05-07-2018.png

[SilverRex]

So pissed. I put in an order but it was 1 cent away. Then proceeded to go up 20%.

added another small tranche hoping this is a wave 2 pull back

- - - Updated - - -

been slowly re-entering cryptoshares. aftering selling BTCS @ 0.115 and BTSC @ 0.135 two weeks ago, bought back @ 0.082 last week and @ 0.095 this morning respectively

- - - Updated - - -

Oil

after reaching above 70 for a brief period I think we have a ST if not a MT topping. this should put on the brakes on energy shares that will see some whipsaw ahead. As show on this chart, I see a clear 5 waves up, expecting oil to backtest the blue box in the coming weeks.

https://s14.postimg.cc/63tyxre5t/oil_05-08-2018.png

[SilverRex]

gold vs dollar

despite dollar's recent surge which has nearly recover all of the losses going back to the Dec 11 peak. Gold is no where near giving back the same amount. I see this as extreme underlying strength. Either we have one more micro 5 waves down to go or gold may have completed (c) of (II) down as I am spotted 5 up and 3 down off the low this month.

I am still expecting May to be a breakout month for gold.

https://s14.postimg.cc/63tyy6m01/gold_vs_dollar.png

[cloud7]

Sold my CVE.to since I will be away on vacation for a little bit and will likely be out of range of reliable internet connection. Looking to do the same with my other oil stocks before I leave.

[SilverRex]

Weed

so far the triangle breakout remains intact and with a solid gap up today this could be wave 3 in progress. Leaf which I recommended when it was trading in the 17s, has now moved up nearly 50%.

[SilverRex]

Gold

looks like we finally go get our lower wave v of (c) in play. there is two channel support line intersecting just near 1290 so I will be starting to scale back into leverage once it makes a move lower to this level or beyond. RSI is nearly oversold from prior major reversal. count remains intact.

https://s31.postimg.cc/95m5dmme3/gold_05-15-2018.png

[SilverRex]

Icon

well been adding during the pull back towards 0.60, one can only think the bottom is in when it first touched 0.58 and I see a mini 5 waves up 3 down so far.

alt count is a possibility that this is just another wave (iv) bounce follow by one more push lower

https://s31.postimg.cc/xq2q2a56z/icon_05-15-2018.png

[SilverRex]

gdx/gdxj still looks like it can use one more wave lower. waiting for another drop before beginning to scale in

https://s31.postimg.cc/b0ncejey3/gdx_05-16-2018.png

[SilverRex]

while miners havent quite hit a lower low, gold appears a solid 5 waves down as well as tagging the 61% retracement level of the 1237-1365 move so I am going to open 1 Jnug starting position

[SilverRex]

ipt.v

one of my lesser silver junior. got in at 0.277 in December during the last intermediate cycle low and so far I spot 5 waves up and 3 down what could possibly be a perfect back test of the breakout line. hopeflly a good looking chart here means silver prices is about to embark on a good run.

https://s31.postimg.cc/ldce8c73f/ipt_05-18-2018.png

[SilverRex]

Mara

after selling above 2, bought back my position at 1.6, was hoping to get another position in under 1.30 which never came. count wise, 5 up and 3 down, doesnt look any better for a setup on the next rally. Most other crypto shares more or less looks similar. now we wait for crpyto coins to make the next move (breakout)

https://s31.postimg.cc/pvxkqcs4b/mara_05-18-2018.png

[SilverRex]

Weed

since the triangle breakout, Weed has be moving up nicely, my expectation that this entire correction is just another very large wave (iv) is so far intact. count has not changed. it should be in wave 3 of (iii) in progress. I would say key support now lies at 31.46, so long it does not break this, one should expect new highs soon.

https://s31.postimg.cc/xxn8i7ka3/weed_05-22-2018.png

[SilverRex]

oil

looks like it has finally topped, I may have slightly under estimate it's final wave v extension which pushed up a few more dollars but that is how things are, the expectation is the same from a major count. I hope no one was caught holding bte/Meg as wave 4 correction is fully underway.

if this is a 5th wave major top, then the correction will take us down to the blue box. However I have to consider another count variation (in orange) that it is very possible we only had a wave iii of 5 top which means we are experiencing another sharp wave 4 down follow by one more wave slightly higher. Either scenario I think in a couple of months we will eventually see oil crash back down to the blue box as a MT target. so those playing oil, you can risk what you will, personally I dont have any exposure to this sector, had I been I would have completely taken all my profits when oil was hovering above 70 perhaps maybe attempting a short position.

https://s31.postimg.cc/yfw7qwy8r/oil_05-25-2018.png

[SilverRex]

Bloc / BLKCF

just one of many crypto shares, and I think they are in a similar count. 1-2. 1-2. imo this goes well if BTC is to have bottom here and next week is the beginning of a new up cycle


https://s7.postimg.cc/p9e2zxrff/bloc_05-26-2018.png

[SilverRex]

Gold

dollar index just produced a swing high on the daily chart, this could be the beginning of a good drop in the dollar that should fuel PMs. Gold is right on the cusp of a breakout after a solid 5 waves down so either way I believe we are headed back to the 1320s which places a good risk setup here with a tight stop.

https://s33.postimg.cc/kps6malsf/gold_05-30-2018.png

[SilverRex]

spx

ever since spx had it's initial sharp decline back in early Feb, I have been expecting some type of triangle consolidation with a final breakout to the upside for yet another ATH. So far it has been nothing but corrective action thru out the last few months. While I would love to believe the worse is over and we got our 5 point consolidation with a breakout early May and s nice back test sub wave 2 and the coast appears to be clear for a very good run in the next couple of weeks.

I can still see a possible one final thrust down as an alternate count (E) but not breaking wave (C) below 2553.

My own strategy is that once spx breaks above 2875, I will begin to unwind all my investment slowly. The ideal target remains at 3200+

https://s33.postimg.cc/ip1n1hs7z/spx_05-30-2018.png

[Magic8Ball]

spx

ever since spx had it's initial sharp decline back in early Feb, I have been expecting some type of triangle consolidation with a final breakout to the upside for yet another ATH. So far it has been nothing but corrective action thru out the last few months. While I would love to believe the worse is over and we got our 5 point consolidation with a breakout early May and s nice back test sub wave 2 and the coast appears to be clear for a very good run in the next couple of weeks.

I can still see a possible one final thrust down as an alternate count (E) but not breaking wave (C) below 2553.

My own strategy is that once spx breaks above 2875, I will begin to unwind all my investment slowly. The ideal target remains at 3200+

https://s33.postimg.cc/ip1n1hs7z/spx_05-30-2018.png

Hey, just curious about your strategy with the SPX nearing those levels. I am holding a few similar stocks as you like MUX.TO and USA.TO, on a mid to longer term basis. Some of your Elliot wave related posts have indicated some decent gains could be made in the mining sector (with more weighted on silver) are you assuming with a large market correction you'll scale out of those and wait to re-enter them? Does that fit in with some of the long term Elliot wave communities outlook?

[SilverRex]

Hey, just curious about your strategy with the SPX nearing those levels. I am holding a few similar stocks as you like MUX.TO and USA.TO, on a mid to longer term basis. Some of your Elliot wave related posts have indicated some decent gains could be made in the mining sector (with more weighted on silver) are you assuming with a large market correction you'll scale out of those and wait to re-enter them? Does that fit in with some of the long term Elliot wave communities outlook?

personally it is true that the SM and PMs can both move up and down together, however keep in mind that the SM is closer to a top than a bottom and the PMs are closer to a bottom than it is near a top. While I have a plan to start backing out of the general stock market once all the indexes begins to produce new ATH, I think for the mining sector I will try not to get too cute with short term wiggles because the next breakout move could be very significant. I dont have a target for mux at this time, but from those following usa.to in another forum they were doing the math and arrived at price target of 20.00 and this is without silver prices moving higher.

[SilverRex]

dollar

has the dollar finally topped? I see 5 down 3 up wave (3) about to start? we shall see

https://s33.postimg.cc/4lsdhhotr/dollar_06-05-2018.png

[SilverRex]

Mara

after 5 waves up in april, this wave 2 down has been pretty long in duration, after a false breakout, it is trying once again to breakout of this declining wedge for good. My hope is wave (ii) is in and wave (iii) is about to begin. Even a bearish scenario I would still like to see it give us a A=C measuring in the 2.4+

https://s33.postimg.cc/56du3layn/mara_06-06-2018.png

[SilverRex]

Oil

after oil topping last month, it hasnt quite hit the blue box but in the short term after a swing low being established, I would now expect a short term rally to perhaps close some of the gap near 70 before rolling over to finally land some where in the blue box. it is hard to imagine the correction would end just like.

https://s33.postimg.cc/f2mbcj71b/oil_06-08-2018.png

[SilverRex]

Leaf.to

those still following the Weed stuff, 2 months ago I suggested a solid company that was on a bullish breakout. It was trading around 17.50 at the time and I mention it is possible it would produce a shallow wave 2 which it did and never looked back. Now after 2 months, I sense we are closer to a top than a bottom and what appears to be 5 solid waves up now I am going to expect it to enter correctional back down to the 20-24 area. the rest of the sector may be in a similar hold pattern / correction, I think the fun will begin after 'this' correction completes. based on the EW projection leaf could move 5x-10x from current levels but timing wise, EW usually does not give timing, perhaps using cycle work is a better tool for that stuff.

https://s33.postimg.cc/63dvgqiyn/leaf_06-08-2018.png

[SilverRex]

bte.to

those playing the energy sector with bte. back in April I suggested the possibility that the wave iii is nearing an end and it would begin a wave iv correction. without changing any of the count and even where I placed the price target. I really was just throwing down a general feel of the range, and even im quite amazed at how close it moved. Those who was able to take profit and buy back lower would have been very nice, though nothing earth shattering. And so far it does look like the wave iv sequence ending here would look text book (still cant rule out wave ivs are tricky to time and the pattern varies. The pattern has a similar degree to that of the wave i-ii move. so now we shall see if it has legs to offer us wave V and enter a even bigger correction there after.

https://s33.postimg.cc/w5bb34otb/bte_06-08-2018.png

[Chandler_Racing]

Picked up some HIVE today @ 1.00. Will see if I caught a bottom or a knife.

[Magic8Ball]

Picked up some HIVE today @ 1.00. Will see if I caught a bottom or a knife.

Hive...sigh. Was just noticing the blood bath yet again. I was contemplating the same action, but for me in terms of averaging down yet again, where is this really headed? By far the worst performing stock I have on the go now!

[Chandler_Racing]

Two things will drive the price, IMO:

- The success or failure on the "best efforts basis" that Genesis Mining provides the data centres ($16.4 million of "assets" that were expensed).

- The price of Ethereum (Bitcoin holding the $6k level), as they held some $6 million at year end and a mark to market bump can be sizeable.

To answer, it could go up or it could go down... :D

[SilverRex]

Icon

it never broke the low set in May, so was it a truncated 5th? or a steep wave 2 or even a double bottom? after breaking the multi month down trendline, it is backtesting the previous neckline channel, I would like to think it is trying to get back to 1.00 considering if it doesnt, it will either be delisted due to failing to meet listing requirements or we will soon see a reverse split.

https://s33.postimg.cc/z2vx6vg5b/icon_06-12-2018.png

[tcon]

Leaf.to

those still following the Weed stuff, 2 months ago I suggested a solid company that was on a bullish breakout. It was trading around 17.50 at the time and I mention it is possible it would produce a shallow wave 2 which it did and never looked back. Now after 2 months, I sense we are closer to a top than a bottom and what appears to be 5 solid waves up now I am going to expect it to enter correctional back down to the 20-24 area. the rest of the sector may be in a similar hold pattern / correction, I think the fun will begin after 'this' correction completes. based on the EW projection leaf could move 5x-10x from current levels but timing wise, EW usually does not give timing, perhaps using cycle work is a better tool for that stuff.

https://s33.postimg.cc/63dvgqiyn/leaf_06-08-2018.png

Aurora buying them up, can't see them going any higher before the closing date.

[SilverRex]

Silver

Has the time for Silver to explode at hand? I think in the last 1.5 years during this prolong, frustrating correction that anything under 16 is a screaming buy imo. we have dipped under it twice. As you can tell as most also do that the consolidation will soon come to an end and it will breakout one way or the other. So silver is now just flirting the previous swing high, it will be very interesting to see what happens when this level is taking out or do we make another challenge to the rising channel neckline back under 16.3?

metals really need to show its hand this year, if technical break down shows up instead, then the bearish implication could bring us into an era where we could see silver prices become suppressed and trend lower for another 5-10 years. So all eyes are now watching this pattern

https://s33.postimg.cc/vst74zwhr/silver_06-15-2018.png

[Chandler_Racing]

ECB reducing QE to nothing by end of year.

Will likely mean bad news for equity markets although not sure it will be enough to cause a long time coming recession.

Should see trouble for non yielding assets as well

[BavarianBeast]

MTN - Vail resorts is going to kill it this year

[ickyflex]

sooo Baytex and RRX

Market not liking the deal

[Kloubek]

sooo Baytex and RRX

Market not liking the deal

Nope. Caught holding some BTE. Ick.

[bspot]

Back in PONY. The fib retrace of the big move up has me intruiged.

[SilverRex]

Icon

Did Icon produce a truncated 5th down? since it did not break the low back on May 3rd? Either way, I do see a good looking 5 up and following with 3 down. a good back test near 0.68-0.71 would be text book wave (ii), after seeing price breakout of the multi month down channel one has to consider a new up cycle has emerged.

https://s22.postimg.cc/w00mqkhgh/icon_06-19-2018.png

P.S took a quick peak at Pony and it has a similar pattern, 5 up and 3 down in progress as well.

[taemo]

bought couple more Icon yesterday, hopefully it keeps on going up, if not I might buy a couple more.

NFLX broke 400 today :eek:

[cloud7]

Nope. Caught holding some BTE. Ick.

I am looking to buy back in at some point after it's done dropping.

[RX_EVOLV]

Picked up some HIVE today @ 1.00. Will see if I caught a bottom or a knife.

Already down another 30% since then. Not even 2 weeks. Ouch.

[Chandler_Racing]

27% as of today, not a significant position so no worries.

Will likely enter into another position if we continue downward.

[SilverRex]

gdx to gld ratio

during the frustrating grind in the miners, if you look at the gdx to gld ratio, it actually broke out of a descending wedge miners are clearly over performing while gold made lower lows, miners did not and this divergence is pretty significant imo. with the pop this morning, we finally have some what of an impulsive action off the lows. now we sit back and see if it can get into a trend/cycle. 5 waves up and 3 down.

https://s22.postimg.cc/mvz3fw90x/gdx_ratio.png

[SilverRex]

gold

looks like a perfect text book 5 up and 3 down so far, unless is only a down with b and c to come. this could be the place for a nice move up for the coming weeks

https://s22.postimg.cc/c7izlcwgh/gold_07-05-2018.png

[Matty_10]

Been accumulating PONY at these levels, I’m thinking a nice run up in the anticipation of LNG Canada going thru in October. Anybody have any thoughts on LNG Canada and who else will benefit from it, Montney players?

[cloud7]

As a car guy, I have always been intrigued with automotive related stocks like automakers, car dealers, and even F1. I have been looking at ACQ.TO for a long time but have never pulled the trigger. I might do it after the latest drop in ACQ. It has been hit hard recently but I think it is good value at under $15 now. I will wait until the dust settles a little bit before buying in.

[cloud7]

Been accumulating PONY at these levels, I’m thinking a nice run up in the anticipation of LNG Canada going thru in October. Anybody have any thoughts on LNG Canada and who else will benefit from it, Montney players?

PONY had been very disappointing up until a few days ago. We will see how high it'll go and if it'll come back down like it always does.

[BavarianBeast]

I’ve been very bullish about suncor for the last several months. 30% of my portfolio is currently allocated to them.

Thinking $70 so won’t be a problem in the next 4 months

[s_havinga]

Thoughts on today's Bitcoin/ crypto jump? I took a few more positions in HIVE over the last few weeks.

[SilverRex]

Gold

thanks to Trump opened his mouth, gold is having one hack of a reversal hammer off the low (assuming it holds) and it is occurring within the ICL/YCL timing band. This is my revised count unless it still has a date to tag (touch below) previous wave iv near 1205.

sold some Mara/Hive after buying all the way down to 80cent/60cent area during the pooping, picked up some JNUG for fun.

https://s22.postimg.cc/qbzo0blox/gold_07-19-2018.png

[SilverRex]

Nasdaq

it has broken above the upper channel wedge line of this multi month consolidation. The previous drop was indeed a wave 3/4. Now the question is a fake breakout? or a real one. as long as we hold above the upper channel line, the longer we stay above it the bigger the implication. depending on how you count the wave (4) ABC back in Feb/April. if this is a real breakout, I want to in some consolidation for a couple of weeks for a shallow sub 2 follow by an aggressive mania phase for a final blow off top.

edit: alt scenario would be a false breakout which will be followed by a steep wave 2 pullback retesting under 7420

my own plan remains using spx as gauge. once it reaches the 3200-3500 zone I will begin to scale back all my positions including in my RRSP in anticipation of an ending top that would usher in a larger degree correction.

https://s22.postimg.cc/id0wwz3g1/nasdaq_07-24-2018.png

[SilverRex]

Mux.to

Finally mux is starting to gain some action. clearing the all important 3.10 resistance zone. Looking for it to eventually back test the upper down channel line near 4.20

https://s22.postimg.cc/cj07os1yp/mux_7-25-2018.png

[roopi]

FB misses and down 20-25% in after hours trading. I'm taking a shot at this now.

[suntan]

FB misses and down 20-25% in after hours trading. I'm taking a shot at this now.

Everything tech will get murdered tomorrow. BUY MORTIMER BUY!

[cidley69]

Hey SilverRex, what do you think of ERF? Its been on pretty steady upward trajectory for the last year. From a technical viewpoint, can it keep going up for long?

[Disoblige]

I put a decent chunk of GDXJ (~35%) into my higher risk portfolio. I'm okay with sideways actions over the next few months, just don't want JNUG and deal with decay. Now I just sit and see what happens.

[BavarianBeast]

I’ve been very bullish about suncor for the last several months. 30% of my portfolio is currently allocated to them.

Thinking $70 so won’t be a problem in the next 4 months

Nice earnings yesterday, oils going to $150 baby

[taemo]

FB misses and down 20-25% in after hours trading. I'm taking a shot at this now.

Sold my NFLX stocks and bought FB as well. curious to see how this performs in the next while.

[cloud7]

As a car guy, I have always been intrigued with automotive related stocks like automakers, car dealers, and even F1. I have been looking at ACQ.TO for a long time but have never pulled the trigger. I might do it after the latest drop in ACQ. It has been hit hard recently but I think it is good value at under $15 now. I will wait until the dust settles a little bit before buying in.

ACQ is at $10.05 this morning, which in my opinion makes it good value and has significant potential for growth in the medium term. The sudden drop last week was due to significant changes to management and the board, plus write-down associated with an acquisition of a automotive group in the US earlier in the year. If you are into buying the dips, this might be one of those opportunities.

[Disoblige]

Hmm... Question on my mind is.. When will gold bottom. For now, I'm hedging myself until 1180.

[max_boost]

When will weed stocks go back up?!

[A790]

When will weed stocks go back up?!

Haha yea I'm enjoying the rollercoaster... not!

I bet we'll see a spike whenever ON finally lets people buy the stuff.

[Disoblige]

Just looked at DASH again out of curiosity. Price is pretty low. Seems like one of those stocks where you just leave it and wait for the pop if you believe in Crypto but don't want to do much of the legwork in actual buying/selling.

May get 10k shares or so for fun and forget about it.

[Disoblige]

When will weed stocks go back up?!
CGC looking pretty good with that 4 billion dollar investment.

Edit: If CB bought at a premium of $48.60/share, it's currently under $40 right now. I wonder if it's worth going long on this. Hmm!

[bigbadboss101]

When will weed stocks go back up?!

Your ACB had a nice jump this morning.

[SilverRex]

Gold

havent been posting much lately due to the busy summer months. but with the recent breakdown in gold/miners, here is my update. ever since the fail breakout in march it has resulted in a extended and painfully long correction. It has also failed to hold the rising channel line that started from the 2015 bottom in July. the multi-year trendline that it broke last July is now being tested again amid still trading below it. Even seasonal gold analyst are all calling this breakdown what it is and now we are begining to see those 725, 950 gold price target all coming out the wood words again.

Surprisingly, while the paper prices are being sold, the physical market remains stable.

most here probably be more interested in the miner sector which I will get to just a sec. the US dollar appears to be topping out, whether this is only a short pause for much higher action or the beginning of something big remains to be seen but at least that should give PMs some relief. I suspect the key zone now lines in the 1240-1260 range. This will be the confluence target area where both longs and shorts will make their next big decision. Shall we ever get here, this will be a good place to either exit or reduce your exposure or perhaps even consider hedging or shorting. Gold probably wont turn bullish again until this area can be beaten to the upside. and this breakdown more likely than not has pushed out the timing band for a significant move up to the fall/winter months.

https://s22.postimg.cc/ar8uvnn35/gold_08-17-2018.png

[SilverRex]

gdxj

Again failure to breakout as resulted miners now being taken to the woodshed. now a much clearer count. the entire consolidation in 2017 was merely a very larger 5 pt triangle wave (B) and now wave (C) wave Cs are usually the scariest move of all. can usually shake out most investors. Now that it has officially broken below wave (A) of the 2016 low. Yes price can reverse here and produce an undercut low which can meet the requirement of wave (C) and we can go up from here. But I now lean towards price extending down to the blue box and worse case scenario it has every indication to hit as low as 20-21 in the coming weeks or months to complete this giant ABC wave 2 bottom.

Major key now is at 33.94. It will only turn significantly bullish only if price can get above this, until then. think bearish PM.

https://s22.postimg.cc/bi66eou4h/gdxj_08-17-2018.png

[Disoblige]

^^ Yeah after hedging with JDST for a few days (used 3x just to match my GDXJ position), I am outties and now in AG instead. Got a bit lucky there but I was watching the support levels just in case it went back to 1179 as it seemed to be a magnet.

Bought AG at $5.09 yesterday. Holding onto that instead. Go silver company!

[SilverRex]

Weed

I have always believed Weed was the better looking chart and was more bullish than the other 2 ACB/APH. Count has not changed since a quick 5 up and 3 down back in March and resulted in a new ATH. we continue to see 5 up and 3 down patterns which remains bullish with this kind of wave structure. as long as it doesnt close below 30, I think much higher prices are ahead still. the uber bullish is either we are layered in multiple 1-2s which will result in multiple 5 wave structure to the upside, or even a bare min play, I expect two more 5 wave structure to the upside each producing a higher high. If your holding this one, then keep holding it.

https://s22.postimg.cc/hpm5sts6p/weed_08-17-2018.png

[SilverRex]

spx

it has also been a while since I last posted an update to the general stock market. I continue to use spx as a leading indicator. Those that remember, I pushed in the remainder of my funds during the dip when spx first nose diveto 2500 in Feb. since then I expected this to be a pretty good size wave 4 consolidation pattern. which once completed, will result in the resumption of the uptrend and onto new ATH. we are almost there. my big picture plan remains to find a place to exit between 3000-3200 before the next sizeable drop. The current count is uber bullish and as long as we dont close below 2800, momentum will continue to mount to the upside.

keep in mind, once we get to the 3200-3400 territory it can get very tricky. the right catalyst could crush it back down to the 2500 area (below wave (A)) that is how Elliot wave works back to the previous trading range. For the time being I dont see this scenario unfolding until 2019. once 2019 comes, my mentality is to begin scaling out and saving up for a 20-30% drop or perhaps even more.

If one manages to catch this swing, it would be golden. because after the next major low establishes. lets just say 2500. I would then expect the final euphoria phase of a 2500-4000 in a short time span 6 months? for a blowoff top. This will be the mother of all major wave 3 top which will then usher in a multi year bear cycle giving us a multi year if not even a multi decade low back to 1000. am I the Harry Dent trying to predict the next major secular crash? Not really, I only see every low as an opportunity to swoop in. I would not want to short the market but will try to time it in such a way to take advantage of a significant correction takes place. I am sure many can only dream of jumping in both feet during the 2007 crisis which our next generation will never remember.

https://s22.postimg.cc/3qc4ue5dd/spx_08-17-2018.png

[max_boost]

What's the general feel / direction of the market? Are we gonna go sideways for a bit?

I've been dollar cost averaging my positions but debating if I should just accumulate some cash for a bit. I am 98% invested right now.

[taemo]

weed stocks popped yesterday :nut:
might buy some on the next dip.

Also 98% invested right now, added BABA on my portfolio while on sale last week, hoping it pops after the quarterly release later this week. Either way a med/long term investment for me

[max_boost]

Nice comeback for MJ stocks. Now what? Lol

[meeiu]

SPY ATH this morning!

[Disoblige]

Looking for some healthy consolidation with WEED, CRON and ACB this week. Looking to load up when the time is right. I wouldn't mind loading some ACB again before Friday close to get in on the Australis shares/warrants.

[J-hop]

I entered a small position in WEED last week, it has shot through the roof, but can it sustain this for much longer?

[SilverRex]

Oil

back in June I mention shortly peaking above 70, it would begin a consolidation and drop to the previous trading range 3/4 I was expect an ABC and C would target the lower end of the blue box. While we got our wave (B) bounce which actually made a new high, wave (C) is now on the verge imo of being completed without reaching the the blue box. if oil does not collapse soon, it will begin to turn bullish. So far it clearly looks like this correction could be a running flat where wave (C) is higher than wave (C).

so hold onto your hats, with oil making new highs, this will support the Stock market melt up scenario.

https://s22.postimg.cc/4ubi8nnn5/oil_08-23-2018.png

[Disoblige]

Yum yum yum, silver and MJ up today. Very curious on Diageo partnership. I am increasing positions in ACB and CRON.

[max_boost]

Very yummy across the board. What now? Lol

[max_boost]

I sold my WEED. I can't take this. It has jumped way too much lol I'll take the profits and wait for a dip. :dunno:

[J-hop]

I sold my WEED. I can't take this. It has jumped way too much lol I'll take the profits and wait for a dip. :dunno:

Yea I’m still in, small position so I might just see how it plays out. It’s been insane this last week!

[max_boost]

Wow. Another up day for MJ stocks. I'm sitting on the sidelines :cry:

[BavarianBeast]

covered puts on WEED, fer sherrrr

[SilverRex]

Weed is on fire, truly has the best chart of the big 3. 200% off the low in Feb and virtually doubled in less than 2 weeks. When it moves, it moves.

hard to say if the run is about to end.

but looking at ACB, I see it has only touched the upper wedge line. which can be a topping area. I see 5 waves up. if this is text book, I would now expect pull back down to the 7 dollar range before the next major move. Will this be the leading indicator for the sector? who knows.

However if it gaps up tomorrow instead then this will be a signature wave 3 move in progress and we may not see the 7-8 dollars again at least for a very long time.

https://s22.postimg.cc/jl189mt6p/acb_08-27-2018.png

[BavarianBeast]

MTN - Vail resorts is going to kill it this year


:hitit:

[SilverRex]

Hive.v

when hive made its 5 waves up in July, I sold most of my holding at .99 and since bought back at .68. While some other crypto shares has made new lows. it is encouraging hive hasnt. and until it does, I will still view the last 5 up as wave (1), (2) has been completed and now the big test is upon us this week. this down channel line has been holding hive down since Dec 2017. closing above this will certainly get things going again. After all, I am while crpyto coins are bottoming or seeking a bottom, once this is done or may have already been done, I expect they will make new highs in the coming year. So positioning for it now begins.

Crypto share will need to lead this sector if a significant bull run is to again resume.

https://s22.postimg.cc/ocp1efpj5/hive_08-27-2018.png

[SilverRex]

gdx

it would appear miners's recent up move is also in a similar 3 way corrective structure A=C If this is so, then I expect miners to give one final thrust to the down side

https://s22.postimg.cc/czpgzydcx/gdx_08-28-2018.png

[BavarianBeast]

covered puts on WEED, fer sherrrr


55% gain and the funs just begun

[SilverRex]

acb

so after 5 waves up, acb did top out at the key upper wedge resistance line. now couple with negative MACD, imo sub 2 correction has begun. we have our first wave A down, min is to reach the blue box just under 8 bucks. but keep your powder dry we could get down as far as the mid 6s due to the gap left behind and the 61% fib support. with this structure I would say this sector will now enter correction mode as well.

with that said, if acb suddenly breaks higher above wave 5, then this will be uber bullish because it will kill this count and we are off to the races in the heart of a powerful wave 3 surge.

https://s22.postimg.cc/tfxxjzcch/acb_08-28-2018.png

[Disoblige]

On standby to accumulate some big 3 and/or CRON once consolidation occurs. Maybe anytime between tomorrow and Friday, I'd like to see anywhere between 10-20% correction.

[SilverRex]

Hive.v

well, it did it, closed above the 9 month long down channel line. Is it big deal? sure. but the only concern I see right now is the lack of volume. a couple of more days closing above the line is equally significant. perhaps the earnings results today will rectify this one way or the other.

https://s22.postimg.cc/bav305hrl/hive_08-29-2018.png

[SilverRex]

Looks like wave b up is underway in the MJ sector

[Disoblige]

Looks like wave b up is underway in the MJ sector
I don't think I would have the balls to short this sector, I'd use them as a hedge at most.

TLRY is so crazy. Most my MJ in APH, ACB and CRON. I just bought some MPX today at $0.99 as a speculation bet on earnings.

[SilverRex]

Blok.v

ever since it broke down from the triangle wedge I have since abandon it, now that it has a solid 5 wave up from the low, one just had to consider the possibility of the start of the next major up cycle. I will probably throw some beer money at this at the open if this is in fact wave (2). cant rule out another low, yet I hope the move to 0.57 early in the month was steep enough to invalidate the alt bearish count. I see this as a giant A=C pattern with the triangle sub ABC in the middle. I think more technical buying will occur above 0.61 and an explosion above 0.83.

even if BTC was to dip back towards 5k, I actually want to see crypto shares to begin to diverge from the main coins if they are to lead this market in the next major up cycle.

https://s22.postimg.cc/sd4gfx4r5/blok_08-31-2018.png

[SilverRex]

Cron.to

those into MJ, while the ACB, APH and WEED appears to still be working its wave b up, cron clearly has already moved down into its wave (c). text book wise, it still needs a wave 4 and 5 down. the previous range between 10-11.50 appears to be the perfect stop for it to land as well as hitting the 61% support. that would be a great place to go long.

https://s22.postimg.cc/pzmior5pt/cron_08-31-2018.png

[Sugarphreak]

....

[SilverRex]

MJ sector is hotter than I thought, looking at CRON and WEED, both have exceeded what a corrective wave b up should be and now forces the last drop as just a mild ABC correction and a new wave cycle in fully underway.

[Sugarphreak]

...

[J-hop]

MJ sector is hotter than I thought, looking at CRON and WEED, both have exceeded what a corrective wave b up should be and now forces the last drop as just a mild ABC correction and a new wave cycle in fully underway.


Yea wish I had a bigger position on WEED. I personally expected it to hit $60 and hold but it’s blown through that

[civicHB]

anyone contemplating getting into AMZN at these prices?

[SilverRex]

Gold

well miners so far coming down to to a new low as expected, yet gold hasnt come close to making a new low. Divergence? Regardless of the over all trend I think in the short run, gold appears very corrective and looks like it is about to launch into either a wave (C) up or if it is bullish a wave (3) next to challenge the 1240-1260 area

gdx made a new low, could still have one more mini up and a lower low for a more permanent bottoming.

https://s22.postimg.cc/wifww6dkh/gold_09-05-2018.png