Official Short-term Investments Thread

[SilverRex]

Originally posted by Vanish3d


Nice call

sadly the perfect plays are usually the ones I have the smallest position size. same with Natgas, havent been wrong once since I started trading it the last few weeks but has always been only a 5% stake

[SilverRex]

if this is the start of something big, gdx at 23.10 and gdxj at 38.10 must hold. otherwise it only confirms it is still looking for a lower low.

[Vanish3d]

and out

[Disoblige]

Still on the sidelines on the miners for me.
Mester will speak at 10:45 am and she is a huge hawk.

Then there is George, but the kicker is Brainard (dove) again but that happens after markets close.

So I may put a small position in before Brainard talks and hope China can also boost the market come Monday. JNUG could very well be red in the afternoon, so I'm guessing around $9.50-9.75 area would be my entry.

Edit: Huge dump. Just waiting to see now. Should have jumped into JDST.

[SilverRex]

this could be the divergence swing low for the perfect reversal. despite gold down 8 dollars from being up earlier, miners are hanging around and slightly gaining ahead. this is a very good divergence

[SilverRex]

Natgas is on fire, sold too soon, but small stake so not much to be excited about

[Vanish3d]

Originally posted by SilverRex
Natgas is on fire, sold too soon, but small stake so not much to be excited about

I'm still holding a medium stake. Thinking of selling it now and buying back lower

[SilverRex]

gold make a lower low, miners did not. I personally think the counter trend bounce is starting here.

[SilverRex]

Originally posted by Vanish3d


I'm still holding a medium stake. Thinking of selling it now and buying back lower

I read one technical study that Natgas is in an ED(ending diagonal) pointing to 3.20

[SilverRex]

I think a bottom is near for miners, looking at Kinross here, it looks like a very clear 5 waves down and we are in the final 5th of V (C)(II) imo

if this is a counter trend bounce, then we get one more lower low between 4-4.5. So either it had bottomed today, or we get one more drop.

if kinross (along with the rest of the sector) is ready to make new highs, then the obvious evidence is to see price close and trade above 5.50

[el_fefes]

Into JNUG at 10.50 ish

[SilverRex]

re-entered gpr.to (GPL) at 1.54, sold earlier in the week and buying back lower.

[SilverRex]

http://www.zerohedge.com/news/2016-1...pummelled-week

[bspot]

I've learned to never get too excited about gold prices overnight, but 1260 just got taken out already

[bjstare]

Oil price jump on API draw down. Does this mean we should sell before the real (opposite) Eia results are out on Wed?

[troyl]

API not out until Tuesday afternoon.

[Disoblige]

The oil rally today appears to be based on Putin saying Russia is open to supporting OPEC freeze/cut.

Oil rally so far has been majorly based on speculation. My bet is it will crash down hard if OPEC cannot deliver. But at the very least, they bought themselves time until the end of November.

[bjstare]

Originally posted by troyl
API not out until Tuesday afternoon.

right, duh. nevermind me, still recovering from the weekend I suppose. haha

[SilverRex]

so long as gold does not close below 1250 which would suggest lower lows to come, I am still expecting a bounce back to the 1275 area. 1300 if momentum and news supports it.

those who follow CoT readings, they are still very bearish and could still paint gold hitting the low 1200 area to really push out all the long traders. So prepare for the worse of scenario

[littledan]

Originally posted by littledan
anyone jumping into any cannabis stocks? I'm doing very very well on cnsx:sl and acb. got in to sl at .355 and acb at .90

... I highly recommend you guys at least look in to each of these...

SL @ 1.40 and ACB @ 2.30