Official Short-term Investments Thread

[SilverRex]

im surprised with hnd's run I thought the 4s to 7s was impressive already lol

[tryingtobebest1]

so it did hit 8 like you were saying will it hit 9s?? Anything new with it??? I cannot belive that HNU doing 52 weeks low everyday!!! SR i think we should switch! LMK

[SilverRex]

as long as oil doesnt crank about 85, I think its time to short oil instead

for the moment, im expecting hod to get back above 10 dollars

[SilverRex]

well the expecation that the dollar is after the 38% to 61% retracement may potentially be finished. dollar has every right to make a move higher now. though we still have a neckline holding us back, one more surge then we can put away the low at 79.50

I was hoping it would retrace towards 78.50, but I cant argue if the dollar decides to go higher sooner.

This week could be important as the dollar signals higher

[SilverRex]

dollar contiunes to move like it is breaking out

watch out the DOW may be finally ready to fall

gold have one more hurdle, a neckline if broken, will bring her down towards 1070 area

oil too will collasp from here if the dollar indeed continues north of the boarder

[SilverRex]

depending on how over bought it is right now, the dollar may have hit a short term top if that is so, then I expect a bit of a cosolidation then bust out next week

of course if the dollar doesnt stop and breaks out the last trend line holding this thing down, I still expect stoch to reset and a retest of the same area. Might want to sit back and relax wait for a bit more confirmation and jump in on the next pull back

[Neil4Speed]

Any of you guys know what the drop in ECA.TO might be attributed to? It seems to be getting hit overly hard with the retreat in Nat Gas recently. Its down about 8% to the OG index.

[max_boost]

Falling Oil & Dollar will put pressure on the markets to follow suit? You said the Dow may fall, assume so with the TSX as well?

Where do you see the Dow and TSX going?

I'm sitting waiting to jump on HSU and HXU.

[SilverRex]

Originally posted by max_boost
Falling Oil & Dollar will put pressure on the markets to follow suit? You said the Dow may fall, assume so with the TSX as well?

Where do you see the Dow and TSX going?

I'm sitting waiting to jump on HSU and HXU.

some one from the financials tells me we are expecting a pull back in the market, as far as how much I can only gauge it as it falls and if it does fall.

the one thing that might or might not happen is gold, when the market does dive, the cyclist is calling gold to explode peaking in april. I dont know if this is where gold becomes parabolic or not. technically I am still waiting for it to fall, but I guess if gold suddenly takes out the high into 1160-1200 area, then its time to jump in for a fun ride

[Zenshi]

nm

[e36bmw///]

nm

[mr2mike]

I've tried that move before... go from HND and run into HNU right away hoping to catch the flip on the big run on the opposite stock.

IMO, it's not a smart thing. Been burned that way. It doesn't work that way and it's not just a correlation of the opposite. I would expect HNU might rise a little but I think it would be safer on the side lines and wait for the right point to hit the HNU.

If you're a day trader, I think it can be done but I don't have the software nor the time to watch it that closely. Good on you, if you can. Don't want to discourage, just sharing what I've learned.

[e36bmw///]

nb

[SilverRex]

as mention last week, it appears the dollar has finally completed the wave iv correction and is on the early stages of another advance. I now expect buying on dips is the right thing to do, if we use the wave i as a projected target, the dollar should find its way towards 83+ with 82.6 being a initial overhead resistant area.



with a stronger dollar, one can only assume a weaker gold as well, technically it also points to lower gold prices this week, with gold about to break down from the H&S neckline near 1100, it too will target a sell off towards 1060-1070 area which will be the ultimate test for gold bulls if there is any hope of a higher gold price on the horizon. if gold then takes out the 1040s, all bets are off




oil too completed its 5 wave top and is now beginning what appears a correctional phase, however so long 85.05 is taking out to the upside, I continue to expect oil to find its way lower. it may require oil to break below about 75 to ensure a bigger selloff for oil in the near future. But as I suggest last week as well, if oil suddenly turns around and takes out 85.05, then this may open oil towards higher prices. I recommend if you've already shorted oil in 82+ area start setting your tops either above 85.05 or at break even to reduce your risk.

[e36bmw///]

nm

[s_havinga]

So I have never set a stop limit before and I just want to make sure I do it right. I am with waterhouse.

If I go to the Ordering Stocks page, Set the Action to "Sell on Stop" and then set my stop limit, it will only sell if the stock drops to that value right?

edit: Never mind, turns out google can be pretty helpful...

[Meback]

whats going on with Oil. HOD went from a 4% win down to nothing.

[s_havinga]

Dunno but I took SR's advice and got out at break even. I think I am gonig to sit on the sidelines with HOD / HOU until it is more clear which way it is going to move.

[cosmok]

Originally posted by Meback
whats going on with Oil. HOD went from a 4% win down to nothing.

Has more to do with the US dollar as the health-care bill passed and the dollar reacted negatively; this pushed equities and the market back up. As long as we stay within ranges the upward momentum for the USD stays intact.

[PeterGTiR]

Do you guys still invest in stocks or is it all Horizons Betapro ETFs now?

I'm holding STP.V, Southern Pacific Resources. I bought it late last week at 0.97 based on my basic technical analysis...