Official Short-term Investments Thread

[bjstare]

looks like biotech may finally be breaking down, I'll probably look to get in tomorrow once LABD settles a bit (hopefully).

[bspot]

Originally posted by cjblair
looks like biotech may finally be breaking down, I'll probably look to get in tomorrow once LABD settles a bit (hopefully).

I got in today at $13.83. Seems low risk right now. XBI chart is riddled with gaps and lack of consolidation/pullback.

[SilverRex]

gold looking bearish this morning. unless it can recapture and stay above 1225 and especially 1228. this may be the final wave V down we are waiting for. gdx to 19.00-20.00

might as well get it over with. I have my limit order set

update: so far gold appears to want to breakout instead. false break down? again 1228 is the magic number for today

[SilverRex]

as you can see, gold is very indecisive of late. a breakout signal follow by a break down signal and repeating.

what this tells me is that buyers are starting to see value and beginning to cancel the selling pressure. so if there is another 20-30 dollar drop that would be a screaming buy imo. This is how under cut bottoms are formed and suddenly reverses fully...example look at CLF.

[bjstare]

Weird day today. I've been in and out of a couple positions on the long and short side of things, everything just wants to stay flat today. I'm sure things will eventually break one way or another, but it's a little unsettling haha.

[SilverRex]

drys was up massively but now down 70%. anyone has any insight to what is going on? I wonder if there is any potential for a beer money trade here

[secol]

Originally posted by SilverRex
drys was up massively but now down 70%. anyone has any insight to what is going on? I wonder if there is any potential for a beer money trade here

https://www.benzinga.com/news/16/11/...ncipals-office

http://cnafinance.com/dryships-drys-...ng-today/12194

sounds odd. but trade was halted, resumed. confidence shattered?

[SilverRex]

Originally posted by secol


https://www.benzinga.com/news/16/11/...ncipals-office

http://cnafinance.com/dryships-drys-...ng-today/12194

sounds odd. but trade was halted, resumed. confidence shattered?

already up 25% since I posted it. was really pondering when price was under 22 for a brief moment.

for gold, appears it is still struggling to maintain any moment and continuously rejected by 1228 area, which this morning now starting to look corrective with more downside potential

[SilverRex]

gold is coiling, will just have to wait and see if the launch is to back test the break down at 1240 or to make new lows towards 1200

[SilverRex]

one thing I am noticing, despite gold looks weak and nearly retested the low at 1211 (now 1216) miners are holding up relatively well and no where near the low from monday. I take that as the bottom is closer than one thinks.

[SilverRex]

just thought I point this out. using GLD fund to represent gold price. normally on any given day gold price and miners both move together. back in August when gold price continues to make a lower high, miners on the other hand was making higher highs. this was a divergence, and since we all saw what happened. it was a trend change. after 3+ months of correction where gold price and miners practically moved in sync. we have (imo) another divergence. gold price technically tested the low (may have even broken by a penny) yet miners are well off it's low.

another divergence? time will tell when we look back to this day if this was 'the' signal

[Vanish3d]

Rode JDST from 35 to 40.40 and now I'm out.

Might consider picking up JNUG at close if gold keeps going down

[bspot]

Anyone trade UWTI/DWTI?

Delisted in December.

I've been trying to trade more CDN stuff, as I don't love the idea of holding a bunch of USD at all time highs.

The 2x leverage on HGU/HGD and HOU/HOD is so relaxing compared to 3x

[SilverRex]

spotting positive divergence for gdx/gdxj in the closing minutes

[Disoblige]

Originally posted by bspot
Anyone trade UWTI/DWTI?

Delisted in December.

I've been trying to trade more CDN stuff, as I don't love the idea of holding a bunch of USD at all time highs.

The 2x leverage on HGU/HGD and HOU/HOD is so relaxing compared to 3x

Yeah, been doing a couple DWTI trades over the past couple weeks. Just sold my last DWTI position few moments ago and likely won't be buying anymore due to the news.

Eyes on gold entry if we test 1211 again and possibly entry into IIPR on Tuesday (first ever MJ REIT on NYSE).

[bspot]

Holding LABD, HOU, HGU. All 3 green to start the day, all 3 red to close. Bah.

[SilverRex]

so gold headed lower over night and did not quite test 1200, (1202.7) is a case of close enough?

this morning it has regain most of the sell off and is currently sitting right at a down trendline from the 1337 top (since Trumps election night)

MACD is showing positive divergence which is a good first sign. if gold can breakout from this trendline, then it will create very good momentum to perhaps test the 1231-1232 area which had held price down. Only question is, has the bottom been struct? or are we still looking at a wave 3 of V down to the 1160-1180 area which is the next major support.

personally I want to see gold price backtest the 1240-1250 area.

[SilverRex]

right now gold looks like it has 5 waves up off the low. and so far price has been rejected by the down trendline.

if the bottom has been struct, gold price should be retracing 3 waves, wave 2 pattern that should not break below 1207. as long as 1207 holds, I am going to anticipated further upside.

[SilverRex]

dang drys went from 10-20 dollar. halted now. would have been a great beer money trade

[el_fefes]

^ I was just gonna ask... up 84% today.