Official Short-term Investments Thread

[SilverRex]

TLRY

I can count 5 up and possibly 3 down. While typically I would like to see wave 2 reach down to under 40 or under. It has met the minimum 3 wave correction. Could potentially be a good set up here.

https://i.postimg.cc/qByhnyfb/TLRY-07-10-2019.png

[SilverRex]

Nio

Not only did it fill the 2nd gap (I was to chicken to wait for it), it also nailed the channel line down holding this stock back for months. You can technically call it a 5 wave up, but 3/4 seems shallow to me. Either it has completed 5 waves up or 3 up, no matter, I want to still see it drop back into the blue box with stop below 2.70 if this rally has any substance

https://i.postimg.cc/qv3ymYWr/nio-07-10-2019.png

[BavarianBeast]

Had to take advantage of the weak hands on GOOS and back into the game with one stock. 35.52 avg Lmao

Sold for 43.40, moved money into TCEHY @ 45.42.

[SilverRex]

Natgas

still waiting for it to breakout and hit 2.52+, looking like it has 3 waves up working on wave 4 correction. I might bail my UGAZ if I see it break below 2.31 then would expect lower low ahead. Otherwise, the plan is to wait for a 5th wave breakout, exit, let it correct back to 2.4 and buy back.

https://i.postimg.cc/FzJb22ZM/natgas-07-15-2019.png

[SilverRex]

Gold

as I posted 10 days ago, after a big breakout move, was expecting gold to consolidate sideways. this would be a wave 4 consolidation imo. 3 or 5 pt is yet to be seen, however we either still have wave D/E to go or possible D/E completed as my alt count. I am pegging 1381 as my major stop. If this goes, a much larger correction will take place because we are late in the cycle, any breakdown under 1381 should be a bad sign in the short term.

https://i.postimg.cc/tCvXfCkf/gold-07-15-2019.png

[SilverRex]

Gold

so far still looking good.

Natgas

bailed after it got close to my entry price. over all now looks like just another ABC move leaning towards it will head lower.

Nio

Almost ready to pull the trigger if it can head a bit lower.

[SilverRex]

Gold

what a great day yesterday. PMs are on fire and silver on rocket fuel. Strictly looking at gold, we may have our first wave 1 of 5 of this wave 4 consolidation breakout move. expecting a pull back possibly could hit as low as 1411, then launch. Will continue to hold all my position as long as gold doesnt break below 1381. even below 1391 will begin to question

https://i.postimg.cc/cL8W11qD/gold-07-18-2019.png

[SilverRex]

Havent seen this much strength in Gold/PM since 2016.

edit: taking leverage off the table Jung +50%, keeping the rest and scaling in some crypto shares.
gold 1400 is now the big support. will look to buy back if gold can head lower
picked up a position in TLRY with a tight stop

[SilverRex]

Gold

last week I sold all my leverage because it wasnt able to follow thru after it had an initial breakout move above 1433. Since it was not able to do this, it also did not turn 1430 into support which has now made the structure corrective in nature. With this a recount would be a leading diagonal.

I will be getting back in to leverage position if gold falls into the blue box. My line in the sand this week will be 1400. anything below would open up the possibility of a good size correction which I want to stay away from. The alt count would be a much larger drawn out wave 4 correction ABC. with 1382 being A, 1452 being B and C back down some where around 1382 or under.

https://i.postimg.cc/YSKDJ0Nc/gold-07-22-2019.png

[troyl]

TCW < $1.00 looks appealing. Averaging down.

[SilverRex]

usa.to

thanks to the announcement of Eric Sprott investing into this company, it will gain quite a bit of attention. count wise, everything looks good from the breakout under 2.7 back in May. we have now reached a critical resistance zone. Either this is the best place to take a small breather before further advance or it will blow pass this and corrections will be shallow.

As I have mention from earlier post prior to the breakout, once breakout occurs, if this is the real deal bottom. we should not see usa.to breaking below 2.58 ever again. At least worse case scenario, not until it makes a new 52 week high. personally I will be holding this as long as I could. as at times, playing the swings could force me to chase the sector higher. I leave the adrenaline rush to day trading Jnug instead.

https://i.postimg.cc/fRjfbxFC/usa-to-07-23-2019.png

[SilverRex]

Gold

has dropped into the blue box. Potentially have bottom. getting back into 2/3 of Jnug
edit: breakout losing some steam. Possible miners still trying to produce a wave C lower. took a small loss with the fake rally. will add buy back if gdxj can reach in the 38-39 zone

[SilverRex]

GDXJ

so with the fake breakout this morning, took a loss but I have since bought back lower as it has entered the buy zone. Will add one more position if gdxj can muster enough momentum and hit the low side of 38. The plan is to hold until the fed rate announcement sell the news. I believe PMs one more 5 waves up to new high before a more significant correction takes place.

https://i.postimg.cc/mry4xtgc/gdxj-07-23-2019.png

[SilverRex]

GDXJ

So far it looks like wave C is in, however I will be watching the 39.43 area, if it breaks below this, I will exit my position and wait to buy back in the blue zone.
edit: exited my position given gdx which has a similar count/chart has broken it's support level

https://i.postimg.cc/v894ctng/gdxj-07-24-2019.png

[SilverRex]

GDXJ

took a small gain of 4.5% and exited Jnug yesterday after it broke the key support I mention. Looks like the drop back to the 38 zone is back on the table. Will buy back lower. Silver looking to drop back down to low 16 but shouldnt break below it.

Other positions

I also have TLRY/CRON/MGW expecting the weed sector wave 2 should be either completed or nearly completed.

added to BTCS/BCTS, MARA and HIVE recently due to suspecting BTC over all has produced a very clear A=C (ABC) correctional pattern. Will hold my positions as long as BTC does not break below 9071,

[SilverRex]

TSLA

i havent posted on TSLA before, and still wanting to take up a position but I still believe it is over priced. Ever since TSLA breaking below the 200 day moving average I am going to say we have already seen a full 5 wave move off the low in 2011. So my expectation is a serious decline which for some of us will be a fantastic opportunity to pick up for long term. With an immediate up trend line in the 16x, this could offer the initial big support/buyers jumping in for a quick gain. At best I only see TSLA having to back test the double over head resistance zone in the 255-270 area. Over time I want to see TSLA move down as low as the 60s. I may begin to scale in when it gets to the 115-140 area.

edit: to each their own. TSLA is definitely in a tough spot. I have a lot of technical traders expecting it to go down to 0 so the consensus is actually to short this one to zero. the 5th wave already looks like a failed 5th in EW terms. adding to the real possibility that TSLA has more trouble ahead even in a technical trading sense.

https://i.postimg.cc/PrK30KYs/TSLA-05-29-2019.png

Just a recap on TSLA, while the drop to wave A low ended at about 177 and the counter trend did hit the top of the resistance zone just a few dollar shy of 270 @ 265 then the shoe dropped today. It is difficult to say the top at 268 was wave B given how short the time it took for this counter bounce. So we may trade side ways for a while yet. The longer term projection is new lows ahead.

[phreezee]

What's happening with Canadian O&G equities today? All the oil indexes seem to be up.

EDIT: Maybe this? https://www.bnnbloomberg.ca/wisconsin-tribe-sues-enbridge-to-force-pipeline-removal-1.1291335

[BavarianBeast]

Dunno what your talking about bro it’s not looking good

[phreezee]

It's a blood bath, even though WTI/WCS is green. Line 5 lawsuit is likely the reason.

[dirtsniffer]

Is it wrong I hope line 5 shuts donw just so we can say watch ontario feel the pinch?

[SilverRex]

GDXJ

was hoping to see gdxj hit the lower range of 38, but I did scale back in at the low near closing yesterday. over all it is possible another abc setup is done. expecting next upside target at 44 if counts remains unchanged.

https://i.postimg.cc/xTRzbGp5/gdxj-07-26-2019.png

[SilverRex]

Nio

still waiting patiently for that drop to low or under 3. Ideally want to get in just under 3.00, the gap in the 2.8x could be nice as well.

https://i.postimg.cc/3JM74L26/nio-07-30-2019.png

[SilverRex]

gdxj

So far getting in on Jnug at 76.99 was a good move. I have a 10% cushion. Will use that as my mental stop and see if miners either is close to giving us just a wave 1 of 5 breakout move. If so, then I am still expecting top side target in to hit 44. so using 10% for a chance at 30%

edit: what can you expect on Fed day. extreme volatility. I would have exited if I was watching it but was caught in the meeting. I am revising my short term outlook, and using gold at 1414 as my line in the sand. IF that breaks I will exit my leverage. For the time being, I am revising the miners as possible 5 pt wave E down in progress (or finished)
edit: exiting my leverage with a small loss. Will wait to buy back pending how far she corrects.

https://i.postimg.cc/rsjXF42y/gdxj-07-30-2019.png

[SilverRex]

Gold

last week I sold all my leverage because it wasnt able to follow thru after it had an initial breakout move above 1433. Since it was not able to do this, it also did not turn 1430 into support which has now made the structure corrective in nature. With this a recount would be a leading diagonal.

I will be getting back in to leverage position if gold falls into the blue box. My line in the sand this week will be 1400. anything below would open up the possibility of a good size correction which I want to stay away from. The alt count would be a much larger drawn out wave 4 correction ABC. with 1382 being A, 1452 being B and C back down some where around 1382 or under.

https://i.postimg.cc/YSKDJ0Nc/gold-07-22-2019.png

back to the drawing board. sticking to my 1400 gold and silver at 16 being very important levels. Scaling back in Jnug at the open. Will add one more position if correction extends further down. To me I would declare the breakout being dead if gold moves below 1360. For the time being, I believe it remains a buying opportunity.

[SilverRex]

What a roller coaster

I bought back Jnug at the open 66.51 today. And talk about 1400 gold being a very important level. It has broken yesterday's pre-fed news high over 1433. I cant help but compare gold to what BTC was doing earlier this year. Running Flats with a higher wave C low being in.

https://i.postimg.cc/CMQcKDGc/gold-vs-btc.png

[SilverRex]

usa.to

count remains the same to me after hitting dead on the channel line, wave 4 in progress. a bit shallow, if wave 4 low isnt in, we could be looking at a back test of 3 or slight under. Either way heavily dependent on the performance of gold/silver but I do believe wave 5 up to 6 buck remains on the cards.

https://i.postimg.cc/QdCft5s0/usa-to-08-02-2019.png

[O&G]

Bought some ugaz.

[SilverRex]

Bought some ugaz.

Good luck, maybe for a bounce. but when I posted on Natgas a few weeks ago, shortly after it broke a key support 2.31, I got out seeing it being just a corrective move up and new lows was imminent. If you follow NG seasonality charting, it bottoms at the end of Aug. I will also be looking to get back into NG (UGAZ) around that time frame.

[O&G]

Good luck, maybe for a bounce. but when I posted on Natgas a few weeks ago, shortly after it broke a key support 2.31, I got out seeing it being just a corrective move up and new lows was imminent. If you follow NG seasonality charting, it bottoms at the end of Aug. I will also be looking to get back into NG (UGAZ) around that time frame.

I usually dont hold long - try for intraday and usually on large drops. Example bought today at open when down 13% just sold now for 800 usd gain.

[SilverRex]

Gold

gold has finally reached or about to reach my major target in the 1480-1520 range. I will be taking profit this morning up over 50% from last week's low . I expect a good pull back once a top has been found and will be looking to buy back again.
edit: sold Jnug 102. this has been very rewarding since the run started in May. Gained nearly 200% from my original position. I swing trade Jnug, and still have my other core positions in usa.to, mux.to, silj, which are all well in the green.

NIO
it has also hit my buy zone this week and took a position under <3

[SilverRex]

usa.to

Sold my usa.to holding on friday just under 5.00, with a daily reversal hammer, I am going to take a chance that at least a very short term top is in. This entire breakout since consolidating thru out the first part of the year has been nothing but text book EW. While my current blue count is to expect a good pull back into the blue box to re-buy (remember corrections often goes back to the previous wave 3/4 range), if gold/silver keeps on tugging higher, this stock can still push higher in either a wave 5 extension or we have had an extended wave 3, and wave 5 still in progress. Either way, every thing looks quite bullish. Gold may still need to prove it self as it is now in a very interesting spot. Those who saw my gold daily chart a while back prior to the breakout and was still trading under 1375, I mention the bearish scenario. Gold reaching the confluence target and if gold puts in a multi month/year top here 1500-1600 and breaks below 1350. It could suggest we are looking a very large degree counter trend ABC (wave C up now) this will fuel a technical run to back test sub 1k. Those talk about 700 gold will all come back.

But for now I will trade this gold breakout like it's the breakout of the decade. Though I will be scaling back a bit as the risk/reward isnt as attractive as when gold was trading under 1375.

https://i.postimg.cc/rmV1wjbL/usa-to-08-12-2019.png

[SilverRex]

Gold

Well what do you know, I was already watching how PMs were significantly under performing 2 days ago, and surely this morning despite another new high over night, gold was hit very hard. count wise it does look like gold has just completed a near term 5 waves up. Is this an intermediate top? if so, then worse case is to see gold head back down to the blue box to reset sentiment hack even scare everyone away and declare once again gold is dead. As long as 1350 holds, will continue to play any drop as a major buying opportunity.

https://i.postimg.cc/SKJq7HCm/gold-08-13-2019.png

[SilverRex]

Nio

so after what feels like eternity price has finally reached my buy zone. It even hit the gap perfectly at 2.85. Now we wait and see for it to show it's hand. I have one position as a beer money trade.

https://i.postimg.cc/L6gpFQzQ/nio-08-13-2019.png

[msommers]

Thoughts on buying Boeing now? Holding for ~1-2 years or longer?

[Misterman]

Thoughts on buying Boeing now? Holding for ~1-2 years or longer?

I already made my money long ago on that one. But it does look like it's in a good spot right now. They're down around 80$/share from prior to Max8 issues. It should only be a matter of time before it returns at least half of that. And it does pay a dividend in the mean time. I don't know what sort of return you'd be hoping for? Personally I'd be looking for about 40$/share before I sold it again if I were to buy today. And that's only like a 12% return, which isn't terrible. It's just a question of how long you'll have to wait. If I knew I could turn that over in the next month I'd go for it. With the risk of having to hold it for a year, I'd be looking for better opportunities. A year is a long time to tie up capital.

[SilverRex]

Nio

added another small position on Nio with this dip

Weed stocks

all the latest bad earning is killing the sector, with the SM in correction mode, that does not help it either. the bottoming pattern from a few stock I track has now technically broken down. I have since exited all the speculative position amid they are quite small, I still dont want to hold them. Will wait and see how low the sector goes. and perhaps buy at an even greater discount.

NBEV

Still waiting for much lower prices. next major target is around 2.8. hopefully with the week MJ sector it can push this down further under 3 so I can begin scaling back in.

Usa.to

bought back half my position at 4.3, feeling a bit naked after letting go most of my gold/pm positions. Will add the other half if usa.to can complete the correction and hit the 3.5-3.8 area.

[SilverRex]

gdxj

while i am waiting for a good decent size pull back in the gold/pm sectors. my bullish hat calls for a chance pm may not be done here. there is a triple confluence of support just around 39 and we are abut to test that area. I may pick up a position with a tight stop to see if this becomes a reality.

https://i.postimg.cc/0yNs0s3V/gdxj-extension-08-16-2019.png

[SilverRex]

Gold

those still thinking gold can make a higher high before a real top gets in, then I suspect gold is in a final wave 4 of 5 consolidation. Either has already been completed back on the 13th or a 5 pt wave 4 (flag) bouncing around until one last thrust. if wave 1 was about 50, I will only expect the final top to land some where between 1550-1570.

even if gold has already topped during the sharp down move on the 13th was wave 1 down. given the slow rise after was 5 waves imo, I suspect at least a false breakout from this consolidation for another bull trap. So the confluence target for both long and shorts will be around 1528

gdxj, while it went under my 39 target, if you switch to gdx which is actually the main chart to follow, the same triple support area held beautifully. I will be using that as my mental stop, a lower low from here means I will have to abandon my (one more high) count and just wait for a much lower price.

I have bought back all my usa.to this week as well Jnug near the close yesterday.

https://i.postimg.cc/9XL9NmZD/gold-08-20-2019.png

[SilverRex]

while im in the green, both GDXJ/GDX has now moved in a 3 wave (ABC) up off the low. I will be using the wave A top as my mental stop. If she breaks, I will exit my position. that is 39.42 on GDXJ and 28.38 for GDX

edit: exited my Jnug without any loss due to technical breach of prior wave A top unable to turn into support. The fed speech tomorrow will definitely move markets and can be a crap shoot. gold/pms looks quite weak. I will take my chances to buy lower if such opportunity presents itself tomorrow

edit: no gap down this morning on miners which was my fear for exiting yesterday. silver looks bullish. getting back into Jnug. will watch this carefully in case it turns south and bail

[rx7boi]

Doing pretty well with $SHOP. I think there's more long term potential so I don't plan on scaling back and taking profits quite yet but if it dips, I may increase my position.

Their fulfillment network looks to be promising thus far and should allow users to build their brands even more.

[16hypen3sp]

Doing pretty well with $SHOP. I think there's more long term potential so I don't plan on scaling back and taking profits quite yet but if it dips, I may increase my position.

Their fulfillment network looks to be promising thus far and should allow users to build their brands even more.

They have had a great year so far!

[rx7boi]

They have had a great year so far!

Definitely. It took a while for me to initiate a position but I'm glad I didn't wait too long.

[16hypen3sp]

It's a slaughter!

[SilverRex]

taking my 13% profit on Jnug. will re-assess next week as gold has hit the 1528 confluence target here. it could easily go both ways. Im not a fan of price action based on news/knee jerk reactions.
edit: no big pull back. despite gold at one point nearly gave back the 20 dollars surge over the weekend. silver remains bullish and I expect at least one more higher high for gold. Getting back half Jnug position for this last ride up befor a big intermediate cycle top. then we should expect a good lengthy correction
edit: gold has formed a pretty convincing reversal candle on the daily. while silver is very strong and is already breaking over 18. I feel the intermediate cycle decline is very close. the lack luster under performance in the miners is one sign I think I will just not play with leverage until I see another good low risk setup.

[SilverRex]

usa.to

with silver nearing a top (count wise), I dont expect usa to keep stepping much higher. I am now leaning towards my alt count that we have just completed a large degree wave 3. And now to see action grind side ways. This could offer a good swing trading opportunity. I will attempt to sell near 5 and buy near 4 and see how this plays out. Once consolidation completes, the next move higher should take us to 6

https://i.postimg.cc/FHw1gXXr/usa-to-08-27-2019.png

[SilverRex]

NBEV

has hit my buy limit order at 2.83

JDST

After pms/gold putting in 5 waves, took a small position to catch a short term reversal.
Aug 30: exiting my short. despite a strong dollar, gold/pm refused to tank. pm looks bullish. switching back to Jnug if gold can confirm by closing above 1533-4
adding back half usa.to here in case the consolidation ends with gold moving to a new high

edit:

ACB

took a starting position here after spotting a mini 5 waves down since aug 6

usa.to

sold all my holdings at 4.91 will wait for buy back

[SilverRex]

NBEV

after my last attempt in the 4.3x back in June didnt pan out. Was waiting for a new low. I mention 2.8 was a key level and my limit order kicked in at 2.83. So far we did get a reactionary jump off of it. Now we will see if this is the wave (C) low as RSI divergence has been spotted for each new swing lop. Even if this is not a major low, I can see at least a similar short covering rally like early april so at least it will be good for a good bounce here.

https://i.postimg.cc/XJPYGtNG/nbev-08-30-2019.png

[O&G]

Sold a bunch of ugaz today. Has been a great trade last few weeks.

[SilverRex]

usa.to

despite silver making another new high, miners in generally are not showing strength. I am taking my 5% profit on usa.to and suspect the attempt for a triangle breakout now will fail and a larger drawn out correction/consolidation will continue. Will buy back lower

Nio

the drop today was not what I wanted to see, was a bit bias even though the previous rally in Jun/July looks like a clear ABC up (which generally suggest it is corrective). taking a small loss and will wait for a lower low to buy back.

NBEV

no change. Still holding my position, could be a 1-2 count here. even if we get a lower low, I think it will quickly be bought and create a + divergence. the Weed sector is weak however I feel we are closer to a significant bottom then we are at a top.

Jnug

got back in on friday. Still in the green. Will move my stop to gdx 30 / gdxj 41.75 if I get knocked out, its fine. no loss, but worth a try. I think upside is limited to gdxj 44 and gdx 31.5 so I have to wait for better risk/reward setup

[SilverRex]

Fr.to

using first majestic silver as clue. its running a leading diagonal and should be ending quite soon. one more high tops. then down she goes. waiting for a big sell off under 12. However keep in mind the low off Nov 2018 appears to be a 1-2, 1-2, which means the sell off now would still only be another larger wave 4 correction with higher highs to come.

https://i.postimg.cc/RF828gvJ/Fr-to-09-04-2019.png

[SilverRex]

APHA

already have a position in ACB.to, added another position on APHA this week shortly after it broke the down channel line under 8.50, looking for a A=C move back to double digit. or perhaps this could turn into something bigger

https://i.postimg.cc/XJfM5n4s/aph-09-05-2019.png

[SilverRex]

glad I sold all my pms

looking at gdx, the last line in the sand (if there is still one more high to come) would be the 29 area. Will attempt to pickup a position here if this area gives way, then a much larger intermediate degree (which I am waiting for) will have started. Will also scale back into usa.to accordingly

edit:price finally hit 29 and under. Took a smaller position here to see if miners can still put in one more higher high. not going anything large as the risk/reward isnt as favorable at these levels.

https://i.postimg.cc/43kMB0fK/gdx-09-05-2019.png

[SilverRex]

acb.to

beside APHA, also took up a position in acb last week after spotting a 5 waves down.

Gold/Silver/PM

after 5 waves down, regardless of trend we are due for a good bounce

https://i.postimg.cc/s2wd0Bnv/acb-09-06-2019.png

[SilverRex]

usa.to

latest news has it that they are rebranding their name as well as announced a significant increase in gold reserve. looks like they are not going away any time soon.

After selling above 4.8, decided to scale back in at the close yesterday. was hoping for a low under 4. But with price re-capturing above 4.45, my alt count is now considering a potential 1-2 (potentially something more bullish)
edit: spoke too soon. miners looks quite weak even when gold was up on the heels of a bad job number. will add if usa.to gives me 4 and under

https://i.postimg.cc/mDgbBP8F/usa-to-09-06-2019.png

[SilverRex]

CGC

though I dont have any position those into the Weed sector or playing cgc, the chart is a very text book ABC. need to confirm low with a micro 5 up. may grab a tranche on the wave 2 pull back.

https://i.postimg.cc/YSPjjNZw/cgc-09-06-2019.png

[SilverRex]

gold/silver

both metals have completed 5 waves down, im expecting a counter trend bounce until Fed's next rate decision at FOMC in about 10 days. Then begin another big drop lower than what we saw friday to finish an ABC count. I expect one more wave higher in the sector before a very significant correction begins.

edit: picked up Jnug and fully scaled back into usa.to for play the oversold bounce or counter trend wave B move

[SilverRex]

gold

with gold selling off, this marks a pretty good correction now underway. I expect we have seen 5 waves down and with silver touching off a rising channel line near 17.7, couple with divergence on MACD/RSI. I do believe we will begin a counter trend rally wave B up. possibly setting up a large right shoulder top leading into FOMC day, then another lower low to come

https://i.postimg.cc/qM5RG61p/gold-09-10-2019.png

[SilverRex]

Natgas

ever since I got out of 2.31 in July expecting a lower low (2.039) I was hoping for under 2< to load up, this never came. Which is fine, no one can pick the absolute bottoms/tops. So with a decent runup and breaking the down channel line, we are now back into an intermediate up cycle. My confluence target is to see it reach as high as 3.5 about.S So any good pull back would be seen as a buying opportunity.

https://i.postimg.cc/4yW5kL77/natgas-09-10-2019.png

[O&G]

Natgas

ever since I got out of 2.31 in July expecting a lower low (2.039) I was hoping for under 2< to load up, this never came. Which is fine, no one can pick the absolute bottoms/tops. So with a decent runup and breaking the down channel line, we are now back into an intermediate up cycle. My confluence target is to see it reach as high as 3.5 about.S So any good pull back would be seen as a buying opportunity.

https://i.postimg.cc/4yW5kL77/natgas-09-10-2019.png

Dont really see much chartting on NG. This is more seasonal. Bottoms out in shoulder season and now ready to bounce. Im hoping for 1 more pullback to get back in.

[SilverRex]

Dont really see much chartting on NG. This is more seasonal. Bottoms out in shoulder season and now ready to bounce. Im hoping for 1 more pullback to get back in.

yes Natgas seasonality chart shows a low in end of Aug.

[SilverRex]

NBEV

Now formed a perfect 5 wave diagonal off the low. I think I will add/double my position if I see 3 or below for wave 2. Stop below 2.8 is my plan.

https://i.postimg.cc/s2VnBmxT/nbev-09-11-2019.png

[BavarianBeast]

Tomorrow will be interesting for North American energy stocks!

[ExtraSlow]

The brave man will wait until lunch and then short Oil.

[phreezee]

Sell sell sell

[BavarianBeast]

I'm holding, nothing quite like a war to make money on oil stocks.

[killramos]

I'm holding, nothing quite like a war to make money on oil stocks.

+1

[phreezee]

Bought the lows and the prices at open were insane. Christmas in September.

[cloud7]

I am holding what energy stock I got for now and see what happens.

[arcticcat522]

Now I'm only down 30% on my OG holdings.......yaaaaay

[BavarianBeast]

Oh BABY!!

V12 lambo here we go!

[killramos]

Thank god for TFSA’s.

[S-FLY]

Thank god for TFSA’s.

I think you mean thank Jim Flaherty and the Conservatives.

[taemo]

sold a small position on some energy stock for 150% gain last week, could have made more if I waited today.
https://i.kym-cdn.com/entries/icons/original/000/008/154/toosoon.JPG

[msommers]

+150% is still a huge win!

Good day across the board. Baytex did well

[sexualbanana]

So youre all saying I should hold onto my stocks in Cenovus? Woke up this morning to good news from the stock. I normally sell at this price and wait for it to dip back to $11.20 or so like it usually does (I've done this about once a year), but it sounds like some of you think it'd be better to hold on for now.

[arcticcat522]

Hold at least till the end of the week.

[roopi]

sold a small position on some energy stock for 150% gain last week, could have made more if I waited today.
https://i.kym-cdn.com/entries/icons/original/000/008/154/toosoon.JPG

Care to share which energy stock this was with a 150 percent return?

[phreezee]

Energy stocks giving back some gains today. Could probably play a range this week for a quick 3-5%.

[taemo]

Care to share which energy stock this was with a 150 percent return?

BNP, bought some at around 0.48 and sold at 0.74

[killramos]

Marth, that’s a 54% return lol

Still a good job.

[BavarianBeast]

$1.20 would of netted you a 150% return.

Not very worried about the pullback today, expected.

[JDMMAN]

What are people's thoughts on ACB at the moment? Get out @ even money or continue with a long hold?

[roopi]

What are people's thoughts on ACB at the moment? Get out @ even money or continue with a long hold?

I don't follow this stock but I would get out at even money. I'm sure you will be able to get back in lower. A company that keeps issuing shares is garbage IMO.

[phreezee]

WTF, 70% restored? https://business.financialpost.com/commodities/energy/oil-plunges-on-report-saudis-may-soon-resume-70-of-lost-output

Ride is over unless you are expecting an all out conflict.

[BavarianBeast]

I wouldn't trust anything SA states.

[ExtraSlow]

I wouldn't trust anything SA states.

Yeah, you can't trust what they say, or really any of the projections. The only truly reliable data is backwards looking.

[BavarianBeast]

Trumps probably giving them pressure to keep prices down until war is declared. Just my conspiracy.

[roopi]

Husky refinery has been over a year since a fire shut it down and these guys are ready to go in 72 hours? I don't believe it.

[ExtraSlow]

The brave man will wait until lunch and then short Oil.

Just quoting myself here. I'm a genius

[killramos]

Husky refinery has been over a year since a fire shut it down and these guys are ready to go in 72 hours? I don't believe it.

Amazing how quickly you can build things when you control the regulations eh?

[phreezee]

Just quoting myself here. I'm a genius

:rofl: double meat subway!!

[ExtraSlow]

:rofl: double meat subway!!

Hah, I didn't make that trade. I don't make any trades. Too broke for that.

[SilverRex]

get ready for some FOMC fireworks...

[Disoblige]

What are people's thoughts on ACB at the moment? Get out @ even money or continue with a long hold?
Get out. A company with revised guidance and still misses target? That is terrible.

[SilverRex]

Gold

right now gold continues to look corrective and so my primary count is to see a wave (B) top some where between here and or up to 1533. then another sell off towards 1484 and under would be my prefer scenario. I managed to take a position last week with Jnug at 64 and taking profit this morning in anticipation of a near term topping. Mind you if gold manages to break and closes above 1533, then it becomes a bullish implication and a higher high may yet still be possible targeting up to 1590-1600. yet, I have ride this up wave since May long enough and so its time to wait for a better entry price in the coming weeks.

Natgas, taking a stab at natgas after seeing 5 waves down.

NBEV, correction has exceeded my expectation to the low side. new low may be coming, exiting with a small loss to buy back much lower.

usa.to fully scaled back in to this one under 4, will now see if the side ways action continues

https://i.postimg.cc/52HMv9DM/gold-09-23-2019.png

[SilverRex]

doubled my position in JDST when gold hit 1533.

so far so good. will try to hold this one as long as I could looking at the very lease for miners to break the sept 13 low.

[FunWheelDrive]

doubled my position in JDST when gold hit 1533.

so far so good. will try to hold this one as long as I could looking at the very lease for miners to break the sept 13 low.

Funny, I just did the opposite, started entering positions into Silver and Gold mining company's today

[SilverRex]

Natgas

Natgas is in a major up cycle. my medium term target is in the 3.50s. Looking to buy on the corrections. So far Natgas has given 3 waves up and has topped in the short term. It has formed a down channel. I have taking one position around the current price. If I see 2.3-2.4, I will double up my position

https://i.postimg.cc/fyvN3syt/natgas-09-26-2019.png

[SilverRex]

gdx

looking at gdx, we so far have 5 waves down and 3 waves up. (B), I am expecting a drop to some where in the 24-25 area for the wave (C) bottom. Will be holding my JDST until I at least see gdx break below wave (A). This is my primary count. If gdx invalidates and takes out the wave (B) top, then obviously this means this setup has failed, I will have to exit and turn bullish immediately. the 24 area is also near the 200 day moving average and gap left on the daily chart.

https://i.postimg.cc/jSs64mPK/gdx-09-26-2019.png

[SilverRex]

GBTC

taking a stab at 9.44 looking for bitcoin to find a short term bottom around here and start a bounce