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Optimally I'll be out of it in a week. But time will tell.This quote is hidden because you are ignoring this member. Show Quote
Gold
A good bounce off 1319.x, this entire down move could be viewed a just wave (A) with the potential of a counter rally follow by wave (C) down towards 1310. If this happens I'll buy back my other half in Jnug depending on how low she corrects.
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2019 IS350 AWD
20xx NX350 AWD
GOLD
looks like gold has completed wave (B) 3 waves up. expecting another down move to wave (C) some where in the 1300-1310.
taking my profit on Jnug after another 9% rise will buy back low again.
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2019 IS350 AWD
20xx NX350 AWD
Wish I jumped on Dollarama after either of last week's dumps. It went up 11% today!
im surprised with Gold's resiliency breaking away from old pattern of fake breakout and fall. This breakout move could be real. above 1350 bullish below 1350 bearish. Line in the sand here. I trade leverage for short term swings, if I missed this breakout move might have to look for the next swing low to get back in. I did however manage to get myself back into strong core position in various miners for the long haul.
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2019 IS350 AWD
20xx NX350 AWD
Anyone getting into CHWY today?
Even though they'll be paying down debt of petsmart.
In a week?This quote is hidden because you are ignoring this member. Show Quote
Somebody needs to learn what ETF decay is.
Dude, on leveraged ETFs, you have to clear your position by the end of the trading day.
GDX / GLD Ratio
important chart as breakout = miners outperforming gold price. While I expect we are in the wave 3 breakout phase. Those waiting for a pull back, the only saving grace is that it will get rejected here right at the channel line as a sub 1 of 3 of 3. A chance we could get a pull back to backtest the low on Jun 10. Then the real 3 of 3 of 3 breakout starts.
With this, I am not going chase leverage. But if opportunity arises, I will surely jump back in
Last edited by SilverRex; 06-14-2019 at 08:21 AM.
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2019 IS350 AWD
20xx NX350 AWD
Natgas
its hanging on by a thread running along the parallel channel on the daily (red line), interesting the pattern looks similar to the May pattern. which suggest we could still see another low ahead. Time will tell if this is the case or we get some sort of upside wave 3 breakout (green)
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2019 IS350 AWD
20xx NX350 AWD
...
Last edited by Sugarphreak; 08-18-2019 at 05:16 PM.
Apparently so. Good thing I'm done with it already.This quote is hidden because you are ignoring this member. Show Quote
Im only playing with beer money. I have no problem holding this despite it broke the previous low at 2.55. (if I had a large position) I would have either reduce or sell when it broke 2.55 and get in lower. Right now its in no mans land. could head lower still but first sign is to re-close above 2.55 follow by 2.80.This quote is hidden because you are ignoring this member. Show Quote
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2019 IS350 AWD
20xx NX350 AWD
To be fair though, MJ stocks have been more volatile than a lot of these 3x leveraged ETFs in the past year and more.This quote is hidden because you are ignoring this member. Show Quote
speaking of MJ stocks, based on the charting of various shares I track, this sector is ready for the next upswing.This quote is hidden because you are ignoring this member. Show Quote
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2019 IS350 AWD
20xx NX350 AWD
anyone holding painted pony still?
Volatility isn't comparable to decay of leveraged funds.This quote is hidden because you are ignoring this member. Show Quote
More than 1/2 way to $300 now. Funny I was talking to my friends about BYND a couple of months ago over lunch but we all didn't pull the trigger back then. If it does get to $300, it is not too late to get in now.This quote is hidden because you are ignoring this member. Show Quote
yupThis quote is hidden because you are ignoring this member. Show Quote
_____ASP______
current ski quiver:
park, all mtn 181 ON3P Kartel 98
park,all mtn: 181 Armada AR7
big mtn, pow: 185 Armada JJ
Gold
looks like this is the real breakout. New multi year high achieved. Breaking 2016 high. Gold/PM is full on bullish mode. every dip is now a buying opportunity for months.
It even took out the 2014 high
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2019 IS350 AWD
20xx NX350 AWD