Official Short-term Investments Thread

[ExtraSlow]

Anyone know what up with TOG today? Seems to have risen out of proportion to it's peers.

[secol]

Originally posted by ZenOps
OSK gold mine, whatta gold mine.

i don't follow it, but it's deep in the red now. what happened to it?

[bspot]

Is Questrade down right now? Or just me?

[jacky4566]

Originally posted by bspot
Is Questrade down right now? Or just me?

Nope. Its dead. I've noticed they have been having server issues the past week.

EDIT: Back now. Questrade outages never seem to last more than a several minutes.

[bspot]

well, I'll be curious to know if my BTE.TO order filled today. Lol.

[secol]

questrade still down for me

[SilverRex]

volume not to shabby on the breakout move on fcx today. could be legit
almost forgot tomorrow is earning. with higher cooper prices if they beat, this could run away.

and there she is 17+

xbi manages to close green. and miners also mounted a come back near the end. almost as if everything is poised to move higher tomorrow but I think some are a head fake. question is, which one

[Disoblige]

Gold 1197 support strong. Added one position in JNUG

[SilverRex]

well finally gold caved. was waiting for something like this weeks ago. will not see just how deep the rabbit hole goes if gold even can push much lower.

would like to see hold at least hit the 38% retracement near 1182

for fcx they missed their estimate and price tanked. dont think it changed anything,

looking at the chart, price appears to have backtested the neckline breakout. as long as it holds above the neckline and the 50DMA I will continue to expect FCX is working on some sort of extended wave 3. and the pull back is wave 2 of 3 of 3

[SilverRex]

well the DOW has crossed over the all important and psychological barrier of 20k looking back has anyone remember when I first taunting a bullish stance on the DOW after it began to recover back in March/April 2016?

the 7 year cycle low was suppose to create a flash crash but was halted prematurely, and the focus was to immediately turn bullish on the stock market in general

lets celebrate by revisiting a very old chart posted back in March 2016, once the neckline was broken, the buy zone perfect buy setup was to wait for back test. and then it was no looking back.

the street is still very negative and still calling for a crash. and all the retail traders are still sitting on the sideline waiting for the crash.

but so long this sentiment remains, the market will continue to grind higher and higher to the point where suddenly every joe realizes they are missing out and begin to chase.

it will be the chasing that will create the bubble (kind of like what happen to China), and all bubbles will end in a crash in dramatic fashion.

this is also the reason why so many stocks, tech, energy, financial, commodities are all painting wave 3 setups or already in one.

looking for the big one due to cycle timing and convergence to take shape in 2020, but until then, any flash crashes (e.g. Brexit) are all buying opporunities imo

[ickyflex]

Big deal from Altagas.

Might grab some shares tmr

[secol]

seems like the overall sentiment is that they overpaid?

[littledan]

CVE:ACB

Bought deal diluting shares announced yesterday. Missed my sell target of 2.75 the day before by 0.04

Think this will go all the way down to 2.25 this week? I've done well on this stock but was hoping to trade the swings on this stock with a position of 1000 shares as a learning experience.

[KappaSigma]

Sticking with my two permian players. Resolute energy and lilis energy. Up 50% on both.

[SilverRex]

Originally posted by SilverRex

so this was the expectation and count on gold posted on the 17th. and today, gold is moving to script. wave B was slightly higher but as i suspected, it was just a counter wave.

now we are looking for a landing spot. it has reached our initial buy zone. although slightly lower to tag the 38% level i may open my first jnug position in a while. typical wave 2 action hunts after the 61%, last year gold didnt pull back enough so i have to start scaling in my position now.

gold can also rise and create a down channel before the breakout if lower prices are still ahead.

[KO22]

Originally posted by KappaSigma
Sticking with my two permian players. Resolute energy and lilis energy. Up 50% on both.

Damn... After June 2016 Resolute shot to the moon. Wish I knew about that.

[Kloubek]

Originally posted by Disoblige
Added one position in JNUG

How are you feeling about that decision now? The last two days have been brutal.

I'm holding a small position through this, but not liking what I've seen.

[SilverRex]

bte has officially made a higher high and produced a swing low on the weekly chart. another technical confirmation the bottom on this correction may be in.

we also have 5 waves up either achieved yesterday or this morning. looking for a 3 wave pull back before the next leg up

[SilverRex]

when oil touched 55 at the beginning of the year I suggested oil was due for a pull back, the only question was if it would retest 50 or lower and any drop would be a good pickup.

so far it would appear the correction may have ended near 50. it would deem a successful backtest of the previous top (marked wave A) oil is a some what confusing when it comes to counts. but I incline to believe in 3 waves. so even if this is wave C we should see 60+ oil

so long oil remains above 50 and the 50DMA, the expectation now is a big move uptowards 60 oil

energy shares such as BTE is also lining up nicely anticipating the 60+ oil

[SilverRex]

if the stock market is ready to keep moving higher and the breakout above dow 2k was the nail in the coffin to ring in further retail investors, then the general rule would be everything rise while the gold/miner sector heads down as a case of risk off trading.

with that said, biotech may have completed a 1-2-1-2 and wave 3 is about to begin imo.

after completing 5 waves up as well, the wave 2 correction looks like it could be complete.

it is amazing how some rules never change. a typical correction normally retraces back to the previous wave iv range. look at how xbi shot up only to give all gains back to complete this rule. Truly amazing.