Official Short-term Investments Thread

[SilverRex]

WEED

while the entire MJ sector pretty much move together, ACB is a bit more bullish than the rest. Weed is still stuck under the down trendline as well as the previous h&s neckline. having price to close above 30 and remaining above it is pretty important if it wants to gain momentum. over all I am leaning towards this being a bullish ZigZag ABC correction.

[SilverRex]

ASFX

ive got another speculative suggestion. Not sure who played this one back in 2010-2012. was just a penny stock then. one of my failed trades and in 2012 it declared bankruptcy. So I thought it was dead weight. interestingly in the last few months I noticed pp action so I looked it up and apparently the short version was that the company was able to satisfied it's debt obligations and now tries to get out of bankruptcies. If you think about it, why would you do that? I think there may be some sort of value for a debt free shell company that could be acquired or reverse merger to take place. feels like the current price range is being accumulated. I have no crystal ball and not an expert for companies emerging from BK state. Maybe someone here can shed more teaching on this.

I think this makes another good speculative play. throw some beer money at it and see what happens. Be warn though if you are not prepare to lose it all, dont take my advice and jump in blindly with your life savings. this is not what this is about. No matter who is giving trading advice, always analyze for yourself the opportunity and make your own case.

[SilverRex]

gdx

looks like 3 wave is finally completed, wave 4 underway. we need to see a higher high to seal the bottom

[SilverRex]

gold looks likes its in a leading diagonal pattern off the low, this could point to a drop which may just coincide with miners's 5th wave top completion now a 3 wave correction begins.

update: gdxj is very close to breaking yesterdays high, if this happens then wave 5 hasnt quite finished. if this is the case going to reduce my position in anticipation for a drop

[el_fefes]

Bearish article on PONY https://seekingalpha.com/article/414...tlook-strategy

[SilverRex]

Gold

charting this to show the 5 wave leading diagonal. expecting an abc to backtest the 1317 area so we could potentially have a false breakout right now.

at the same time, one has to also entertain the possibility of a real breakout with a shallow wave 2 down already completed.

[Disoblige]

Anyone playing HMJR tomorrow or 15th? Whenever it debuts?
I wasn't sure what opening price is going to be.

[SilverRex]

acb

My current expectation as long as 10.50 holds, the entire MJ sector is working off some sort of 1-2, 1-2... 1-2 again. breakout imminent? I hope so. for those holding this stuff. bought another tranche acb with mental stop

[SilverRex]

Here is a good analysis I thought I share

"The market had its worst week in more than a year – after hitting a 52-week high.

My friend Jason Goepfert of SentimenTrader.com looked back at every time this had happened before in history.

He was looking for one specific condition: the worst week in a year, occurring immediately one week after a 52-week high. It occurred only 10 times in the past 90 years.

Summary: After 1 month, 100% of the time the market was higher

After 3 months, 100% of the time the market was higher.

After 6 months, 100% of the time, the market was higher.

See a pattern? I like those odds.

Supports my 85-90% confidence that this is a wave 4 in stocks, with higher highs coming."

[SilverRex]

FR (Majestic Silver)

Yes I am bias and Silver is where the money is going to be. just no one know when that day will finally come. My name has nothing to do with why I trade silver but then again I have always loved the color and it was when I had my first silver WRX. (those that remember)

anyways while I dont hold any stock in this one. the big picture looks promising. a Giant 1-2 within a 1-2 count. pretty bullish to me (long term), could still produce a lower low under 6 bucks, but see how good it mirrors the previous (1-2) setup. all I can say is, I feel we will witness something big with silver in the years ahead. The question isnt about one's ability to predict the future, rather, if you are positioned accordingly to be able to thrive on any scenario. if metal prices gets dragged down in some financial melt down like 2008, do you have cash to take advantage of the panic. If silver was to suddenly explode 10x due to an over night government reevaluation like the 70s, how will you feel the moment you wake up receiving such news.

Silver is by far the most under valued asset I have ever seen. with silver production I think that may have already peaked. a cost of 900+ dollars in order to recover silver from devices which results in silver being thrown away. all I am saying is, everyone should have some sort of exposure to silver regardless if you are a gold bug or not.

[SilverRex]

gold/gdx
so far gold is still lingering at that down trendline. a breakout could be Ro4 to the upside. Miner's abc.wave 2 correction could be shallow here

[Disoblige]

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Silver is by far the most under valued asset I have ever seen. with silver production I think that may have already peaked. a cost of 900+ dollars in order to recover silver from devices which results in silver being thrown away. all I am saying is, everyone should have some sort of exposure to silver regardless if you are a gold bug or not.

You work for JPMorgan? lol. They're hoarding silver like crazy. Perhaps it will pay off in a year or so.

[Disoblige]

Back in JNUG woot woot. 14.20

[SilverRex]

Gold

well I wish scripts were this easy every time, unfortunately not. lets just enjoy this while it is working. I was expecting a false breakout from the leading diagonal pattern and price to back test 1317 for wave II, it came within .27. doesnt get any more perfect. when EW works its beautiful.

​​​​​​​wave 3 under way.. with the false breakout hitting as high as 1337 that could also be marked wave 1 of 5 of 3. Now wave 3 of 5 of 3 imo

​​​​​​​

[SilverRex]

gdxj

it was indeed a very shallow wave 2 correction. wave 3 underway as well for miners.

[Disoblige]

HMJR low volume, I think a lot of people either are having trouble buying it or don't know about it.
I can see it just fine on my end. I have a 9.99 order but that likely won't hit today.

[SilverRex]

Mara

this one has continue to be pressured under the falling wedge. with the potentially to finally breakout today. it is now or never

[SilverRex]

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Gold

this is my ideal scenario. Will it just breakup already... the suspense is killing me.

How many remember this chart back on Jan 4th. cant help but think how well EW guides you when things line up. I even wished for a false breakout before the correction becomes real once it finished wave 5 off 1344. The wave c of (ii) came down to the prior wave 4 range pretty much dead on. Am I bragging here? sure why not, feels pretty dam good when things move on cue like this. One has to argue so what it is, technical analysis or was it news driven. Intraday swings are noisy but big picture is what matters I am more of a believer of technical analysis over news, not that certain news event dont matter but it will alter and change the technical picture anyways. I am sure my luck will stop and I will have to pass the torch to someone with the hot hands, until then, I hope this sector even the SM in general continues to prosper. In short, bond crash, insane money flowing into all asset classes. SM, PM and even crpyto will all challenging their highs in time.

[Disoblige]

Over half my cash I was holding for potential weed went into JNUG. 14.20 and 14.99. I love averaging up

[bigbadboss101]

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Over half my cash I was holding for potential weed went into JNUG. 14.20 and 14.99. I love averaging up

Dang, and I sold yesterday at 13.8x.