goodguy

PRO
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Last visit Joined 2 years ago USA
Markets Allocation
48 % stocks 19 % indices 3 % commodities 30 % other
Top Mentioned Symbols
USOIL 24% | 47 IWM 12% | 24 DXY 12% | 23 SLV 6% | 13
goodguy goodguy PRO NG1!, D, 14 hours ago
NG1!: Natural Gas. Looking it over. How it looks to me.
146 4 7
NG1!, D
Natural Gas. Looking it over. How it looks to me.

Natural gas is such a great clean source of energy. A favorite for homes. Likely someday will power cars as well. Hard to believe longer term it will not become more expensive. But currently clearly in a shorter term downtrend (down about 5% today so far). Looking at the daily chart it looks like we have already had a 5 wave up move and are now are in a abc ...

goodguy goodguy PRO AAPL, W, Long , 5 days ago
AAPL: AAPL   Looking positive to me
57 0 6
AAPL, W Long
AAPL Looking positive to me

I've taken a small long position. Apply your own approach.

goodguy goodguy PRO IWM, W, Long , 8 days ago
IWM: IWM:  Working on a target.
52 7 10
IWM, W Long
IWM: Working on a target.

I was happy to see IWM break up. (see link below). Looks to me the 143.5-147 level is a reasonable target. Feedback always welcome. Have a great week.

goodguy goodguy PRO IWM, 120, Long , 12 days ago
IWM: IWM:  breaking up soon?
28 2 5
IWM, 120 Long
IWM: breaking up soon?

Whether you call this formation a triangle or a bull flag I think likely it will be breaking up soon. Watching for breakout.

goodguy goodguy PRO EU1!, W, 15 days ago
EU1!: EURO: Is it ready to bounce?
20 0 4
EU1!, W
EURO: Is it ready to bounce?

You folks trade the currencies much more than I. Wonder what you think. I am thinking the dollar may get a bounce then big fall. Just trying to plan ahead. Could use help from the pros.

goodguy goodguy PRO ETP, D, Long , 18 days ago
ETP: One to consider for your IRA: ETP
37 3 7
ETP, D Long
One to consider for your IRA: ETP

Limited partnership with 10.8% yield. Has broken long term downtrend line. My target is around 57-60 based on 2 methods. Could use uptrend line as stop. Process by your own approach.

goodguy goodguy PRO YM1!, 120, Long , 19 days ago
YM1!: Dow Industrials: triangle consolidation.
49 0 7
YM1!, 120 Long
Dow Industrials: triangle consolidation.

Here is the way I see it. Generally (but not always) when prices rise into a triangle they rise coming out of it.

goodguy goodguy PRO TRQ, D, Long , 20 days ago
TRQ: F/U on TRQ
15 0 3
TRQ, D Long
F/U on TRQ

Cup and handle.

goodguy goodguy PRO GLD, D, a month ago
GLD: Getting a correcion in precious metals and metal miners?
51 0 4
GLD, D
Getting a correcion in precious metals and metal miners?

If this holds to the close with reversal candles for the day would expect we likely will be in for a correction giving us a great buying opportunity.

goodguy goodguy PRO TRQ, D, Long , a month ago
TRQ: TRQ: another one to watch and consider.
16 0 3
TRQ, D Long
TRQ: another one to watch and consider.

Process your way. But I like it. IFFF my count is correct may break out up. We'll see. http://seekingalpha.com/article/4025845-turquoise-hill-set-soar-next-year

goodguy goodguy PRO WPX, W, Long , a month ago
WPX: WPX Energy.  One to cosider.
25 0 4
WPX, W Long
WPX Energy. One to cosider.

Take a look. Process your way. Take care.

goodguy goodguy PRO DOWI, D, Long , a month ago
DOWI: Longer term view of the Dow Industrials.Chart #2.
104 3 5
DOWI, D Long
Longer term view of the Dow Industrials.Chart #2.

I don't think the soon to be President Trump excitement is yet over. Based on EW structure, pattern projections and parellel channels I think we may well see a Dow of 21000-22500 before this bull dies. See previous chart posted today. On the daily chart I give the level where wave 5 = wave 1 which is a common relationship. Also note the big spike in volume ...

goodguy goodguy PRO DOWI, 2W, Long , a month ago
DOWI: Follow up on my long term view of the Dow Industrials.2 charts.
120 7 4
DOWI, 2W Long
Follow up on my long term view of the Dow Industrials.2 charts.

9 months ago I posted a long term chart (link below) suggesting the top may be in using a Fib fan (one fan that I have tried where most of the major turning points actually seem to relate to the fan). In that chart I showed another option of continuued up move. That up move which we are in now seems likely to me could go up to the next fan line level which is ...

goodguy goodguy PRO BABA, D, a month ago
BABA: BABA:  One to watch.
94 0 6
BABA, D
BABA: One to watch.

Chinese company. Idea come from another trader: forker (link below). Good example of a positive reversal followed by a bullish divergence on the daily RSI before the recent rise in price. We now have a bearish diverg on the 2 hour with gap below at the .618 level. Would not be surprised to see a return to close the gap. If so I will enter long with a longer term ...

goodguy goodguy PRO SIL, D, Long , a month ago
SIL: Changiny my view of the precious metals miners.
61 0 5
SIL, D Long
Changiny my view of the precious metals miners.

With what looks like a reversal in the US dollar yesterday I am reevaluating my view of the miners.In both the GDX and the SIL there has been a .62 correction and the shorter term down trend lines have been broken. There has also been a "measured move" down indicated by the down arrows. Although we have a negative reversal in the RSI, the RSI has jumped up and ...

goodguy goodguy PRO SLV, D, 2 months ago
SLV: SLV: Silver Updated target and posible course.
90 0 5
SLV, D
SLV: Silver Updated target and posible course.

Often after a long term bullish rise (as occurred in silver upto 2011) there is a slow time of consolidation from the overbought condition before the next and often final burst up. Sometimes this takes the form of triangle (contracting or expanding). With that in mind I thing we may be going to form a multi-year side ways triangle in silver. Just a guess. If this ...

goodguy goodguy PRO XNG, D, 2 months ago
XNG: Natural Gas Index: possible course.
76 1 3
XNG, D
Natural Gas Index: possible course.

I know nothing about the naural gas market. I do like charts. One year ago I posted a chart on the XNG suggesting the bottom may be in. (see link below). It was when the index was around 392. It turned out to be correct. I don't follow it often but I thought I would take a look again. Here is the way it looks to me. With the bearish divergence in the daily RSI I ...

goodguy goodguy PRO DXY, W, 2 months ago
DXY: Some thoughts about the GDX, precious metals, and the USDollar
70 2 5
DXY, W
Some thoughts about the GDX, precious metals, and the USDollar

There has some short term bullish action in the metals and gold miners even as the US dollar has continued to rally which to me is longer term quite bullish. It suggests to me when the dollar finally makes a correction or changes course we could possibly get a great rally in metals. The DXY has passed the .618 level which suggests to me it will likely continue up ...

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