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About me It all comes down to risk management and patience.
Markets Allocation
50 % stocks 25 % commodities 25 % indices
Top Mentioned Symbols
SI1! 25% | 1 DJI 25% | 1 SLV 25% | 1 OXY 25% | 1
Venom08 Venom08 DJI, D, Short ,
DJI: DJIA stuck in a downtrend
5 0 0
DJI, D Short
DJIA stuck in a downtrend

With the rally last week, it seemed as if indices would rally to ATHs especially off the support TL that was hit on Wednesday. However, a seemingly intermediate-term bottom on EUR/USD means a falling dollar should send money out of the US markets and into Europe. I feel like this downtrend channel will hold and we're in for a decline leading into May. However, I ...

Venom08 Venom08 SI1!, D,
SI1!: /SI is an excellent long once it breaks above the 200dMA @ 18.43
7 0 0
SI1!, D
/SI is an excellent long once it breaks above the 200dMA @ 18.43

I'm quite bullish metals, but /SI needs to break and end above the 200dMA of 18.43. It's rejected it four times now which is bearish, but eventually it'll surpass it and that's when you should enter long. I'd hold off being long or short as you never know what will happen tomorrow. Watch Wednesday's FOMC meeting to perhaps be the catalyst that pushes it above 18.43.

Venom08 Venom08 OXY, 240, Long ,
OXY: OXY seems primed for a rally, I'm long from $76
12 0 0
OXY, 240 Long
OXY seems primed for a rally, I'm long from $76

I know it's an oil stock, but technically it looks primed for a rebound. I love the double bottom from 12/15/14 and 1/15/15 and there's been responsive buying recently. Also, the double bottom is from support levels on a regression channel spanning quite a ways back, so there's probable cause for longs to profit at these levels. There is also a positive ...

Venom08 Venom08 SLV, D, Long ,
SLV: Precious metals and miners are at a turning point. GO LONG
26 0 1
SLV, D Long
Precious metals and miners are at a turning point. GO LONG

I have been following and trading precious metals since their crazy run up in 2011. I have firm beliefs that the precious metals sector as well as the mining sector has bottomed out and that now is an excellent time to get in. For a while, price has had positive divergence with regards to momentum and this breakout of a long-term resistance TL stretching from ...

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