Official Short-term Investments Thread

[SilverRex]

as for oil, it held up extremely well post Yellen last week, but stock market in general still feels like it wants to drop into a daily cycle low correction. so oil be be under pressure (or it may actually help lift the market back up)

as you can see, while it broken the short term down trendline and created a swing low for an initial buy signal. it can still move into a a larger correction with a slightly lower low and the top last week has constructed a new down trendline.

I expect once the US dollar tops, Euro bottoms, oil will make a higher high >49 to complete this 5 waves.

[SilverRex]

here is a decent article for the metals and to put last friday's Yellen into perspective.

http://seekingalpha.com/article/4002...de849&uprof=52

[bjstare]

[bspot]

Anyone's broker still not updated for the recent splits/reverse splits?

It shows the current JNUG price but my pre-split quantity. Makes my recently decimated balance look even worse

[buh_buh]

Mine hasn't updated

[SilverRex]

Originally posted by buh_buh
Mine hasn't updated

same here,

i would have scale down my leverage when Jnug was up 15%

anyways looks like fate has decided for me to wait this one out

[Vanish3d]

Originally posted by buh_buh
Mine hasn't updated

mine finally did today. It was confusing to trade the last couple of days.

[Vanish3d]

[SilverRex]

well gdx finally made a lower low as expected. the only question is, have we bottom? or we have a bit further to go?

I would like to think we are very very close. does look like we have 5 waves down for this final wave V of A/C wave.

I would like to see it begin to rally would be ideal, not sure if we have to wait until the NFP or not. it will be nice to see gdx have the chance to get back to the 29-30 area to form a right shoulder and give us longs a chance to scale down or re-balance our portfolio

[Disoblige]

Oh man, bloodbath.

Such a gamble with the NFP numbers though. But if numbers are 180k or greater on Friday, you can almost guarantee a panic sell, which could be a decent entry at that time. On the flip side, depending on how much under 180k the job number is, we may see a big spike before profit sell off.

[bjstare]

[asp integra]

Go Teck, just sold for a 28% gain!

[bspot]

^Spare a change for JNUG holders?

[SilverRex]

im tempted to sell my core miners and switch to Jnug

[SilverRex]

sold 30% of my core miners and bought JNug at 16.6

gdx at 61% retracement of the 22-31.7 run as I have said critical support for miners to remain bullish is 25.5-25.75, taking a stab at this is the bottom, regardless if trend change I expect a powerful bounce either this week or the next

[Disoblige]

Originally posted by SilverRex
sold 30% of my core miners and bought JNug at 16.6

gdx at 61% retracement of the 22-31.7 run as I have said critical support for miners to remain bullish is 25.5-25.75, taking a stab at this is the bottom, regardless if trend change I expect a powerful bounce either this week or the next

Pretty ballsy. I respect the TA, but sometimes that just goes out the window when people panic sell due to news. Gut feeling is telling me to wait until Wednesday/Thursday as the pain might not be over yet.

[SilverRex]

Originally posted by Disoblige

Pretty ballsy. I respect the TA, but sometimes that just goes out the window when people panic sell due to news. Gut feeling is telling me to wait until Wednesday/Thursday as the pain might not be over yet.

I know what you mean and wont argue with so many news coming out, it could grind lower still. The best trades are the one hardest to pull the trigger. I have a plan to scale down but have learn from experience to only buy low and sell high not the other way around.

[Meback]

Every position i ve been putting in just keeps getting destroyed. Whether its in oil or gold. Was thinking about picking up shares of pot at close yesterday..... well lets just say nothing is going right for me.

[SilverRex]

as much as I want miners to bounce here and stay strong, this can still be a final wave iv of V of C bounce.

if gdx gaps down tomorrow, I am going to convert another 30% of my core to leverage

[SilverRex]

pending any surprises on the oil inventory report this morning (of course it could also surprise to the upside) I think oil at 45.3-45.5 area is a perfect support to complete the wave iv bottom. 45.5 is also the 50 day moving average.