gold
if the summer doldrums are true for gold, then I expect a further large scale consolidation before take off.
ultimately I do want to see gold break above 1263.87 before this cycle tops to open up further upside
gold
if the summer doldrums are true for gold, then I expect a further large scale consolidation before take off.
ultimately I do want to see gold break above 1263.87 before this cycle tops to open up further upside
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2019 IS350 AWD
20xx NX350 AWD
fcx
breaking out. if this is wave 3, fcx needs to turn 13.52 into massive support or risk this being just the 5 wave top with wave 2 back down to 13
bte
breaking out. if this is wave 3, bte needs to turn 3.55 into massive support or risk wave 2 correction not being done and this being wave b with c back down to 3.26
Last edited by SilverRex; 04-05-2017 at 07:55 AM.
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2019 IS350 AWD
20xx NX350 AWD
Hbc.to was my big gamble (don't like retail, don't know a lot about them) buying yesterday.
So far so good today on that gamble, but what a volatile stock...
Stupid crude build haha, momentum was so nice lol
HMMJ started trading today in weed stocks. I hold three common holdings SL, ACB, and APH. All are GREEN today!
Tap, Rack, BANG!
Yeah, brutal EIA. Almost took a bunch of profit this morningOriginally posted by ickyflex
Stupid crude build haha, momentum was so nice lol
ended up closing out my JNUG position at a loss just to get it off my mind. will look for re-entry on the next dip down to the low 6s
At this point, any possibility of JNUG/JDST crossing pathes would be in the high 9s range (before RS). It was 12's before. Talk about decay. Only winners is Direxion.Originally posted by b_t
ended up closing out my JNUG position at a loss just to get it off my mind. will look for re-entry on the next dip down to the low 6s
Fingers crossed that we see another 20-30% gain like the last time the FOMC released their minutes a couple weeks back
That being said, I will also be putting a stop in just in case around 6.70 depending where the price is at noon.
Last edited by jdmXSI; 04-05-2017 at 10:41 AM.
Volatility is quite large on days like this, so if in range, could easily take out your stop at noon before spike up, etc.Originally posted by jdmXSI
Fingers crossed that we see another 20-30% gain like the last time the FOMC released their minutes a couple weeks back
That being said, I will also be putting a stop in just in case around 6.70 depending where the price is at noon.
I know, that is why I want to wait until it is quite a bit closer to noon before I place the stop. That way it does not get unnecessarily triggered.Originally posted by Disoblige
Volatility is quite large on days like this, so if in range, could easily take out your stop at noon before spike up, etc.
SAN.VN. Looks like I can thank William Shatner for beer money this weekend. Cool 30% bump.
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oil
after triple bottom at 47. I remain bullish on oil and nothing has really changed. if the bottom is in. I suspect we may have completed 5 waves off 47 and so the typical move would be a 3 wave correction down to the 48.8-50 area.
the alternate count would be 5 waves completed back on March 31st. and the abc wave 2 is also done with now wave 1 of 3 done today and in a small sub 2 correction. if this is the case, then oil should not break below 50.62 and new highs will intermediate confirm this.
I have a small position in bte at 3.29 as it looks similar off the lows with 5 waves and sub 2 correction.
My line in the sand now lies at 48.8, below this I will exit my energy play and wait for further weakness.
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2019 IS350 AWD
20xx NX350 AWD
JDST is the way. Get in on the dip. JNUG may get low 6s or lower by end of the day. Sell before end of the day to be safe.
my last chart on miners, was expecting a breakout and retest sub 2 if gold was to make it above 1255 which it did.
so while the count looks similar. I may have to start considering the summer doldrums for gold being in further consolidation.
if that is the case, then the up move off the low is merely just wave (a), with (b) done and we are now in wave 2 of (c) up.
depending on how it reacts to the 23.60 if and when it does breakout, I may scale back my overall exposure.
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2019 IS350 AWD
20xx NX350 AWD
Gold's looking pretty strong. Probably good to start unloading now.
Gotta love FOMC. So unpredictable. Gold strength was key.
Hope all those in JDST got out safe and with some small profits.
RRX looking to maybe sell the company
looks like wave 3 of (c) up for gdx has started
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2019 IS350 AWD
20xx NX350 AWD
Aphria been killing it lately
Go Flames!