Whether we break up or down, I expect a move of about $4.82. High-side target of $30, low-side of $16.
From my blog: It looks we could see a correction in the US stocks too. We’ve been seeing it in other markets already. But don’t be mistaken, I think this could only be a correction within a secular bull market. I don’t want to be calling for a 2008 style crisis yet however it can always evolve into something bigger. There is an interesting rotation happening...
Top it all off with a hammer daily candle. Let's go
With broad market volatility ramping up over the past week here (see VIX, VXN, RVX), premium sellers can afford to be picky here, since the board is alight from here to Sunday with implied volatility ranks in the 70's for ... well ... a ton of stuff. For earnings, my eye is on AA and NFLX with nearly ideal rank/implied metrics for volatility contraction...
GDX VANECK VECTOR stands in front of a large rise. Your exchange rate can practically doubled. Therefore, gold miners' stocks are a good investment. The exchange rate increase can be achieved by building a triple wave structure. The first correction can start at 29 usd levels. Its size is 0.25 D1 ATR. Next, the second wave structure could be built with a target...
Well I havnt done gold for a while now but it appears to me that a nice setup to go long is presenting itself. This ICL has been stretched but that just makes me more confident that I have a safe Jnug play here. I am not about to try to guess what kind of wave count we are in. However, If we have started our move down into the larger C wave then this move up...
A double Zig-Zag in the (c) – wave would achieve a measured move equal in length to the (a) – wave.
Although both FDX and ORCL announce earnings tomorrow (Monday) after market close, the underlying with the implied volatility metrics I generally look for in a volatility contraction play are present in MU, which announces Thursday after market close. With a rank of 82 and a 30-day of 60%, the 70% probability of profit 39/52.5 20-delta short strangle is paying...
XAUUSD is bull basing and traveling in wave 3. I'm expecting it to target 1265-1270 for short-term. Cheers!
Monthly log channel. $GLD $GDXJ
Looking at what's left of the trading week post-Labor Day ... . AVGO (announcing earnings on Thursday after market close) is the only fairly liquid underlying that interests me for an earnings-related volatility contraction play (rank 57/30-day 37). The 63% probability of profit Sept 21st 200/205/235/240 iron condor pictured here is preliminarily going for 1.65...
$gld $nugt $dust $gdx $gdxj $jdst $jnug $dxy Strictly based on technicals, gold has a lot of room here over the next few months
Attempting to put more pieces of the puzzle together, considering my ideas on the miners recently published, from what I have seen over the years, B / X waves or alike (as potentially marked on the chart with a black line) usually have a subsequent opposite move in price at the end of such a wave. Therefore, the move in gold from 2016 low would have ended with a...
Same as my recent ABX, GDX chart. PAAS appears to be playing along nicely with a sideways consolidation with classic text book decreasing volume, as well as other indicators looking encouraging, so would expect another pump higher regardless of wave count (either impulsive or corrective). HOWEVER, I have also seen breakdowns from these forming triangles, which I...
Appears to me that for years there was a sideways consolidation, which bottomed in 2016. Then a strong move up, therefor the following questions: 1. Is this a new bull market and we have had W1 and are now (ending?) W2 at the 76 fib retrace level? 2. If not, have we had a strong upward A, now in B, yet to come strong upward C to break A highs? 3. An X wave of some...
Gold miners have taken a hit with metals and broke a multi year support. I will be looking to enter a short around the kijun. 1. Price below cloud 2. TK cross bear 3. Bearish cloud 3. Lagging span below cloud.