hockeysniper

The only green stock in weed sector, although its extraction company. MACD crossover up and I think it can run for another day or two. VFF beat earnings, so the whole mj sector could be green 1 or 2 days. May 14th has more earnings from mj companies.

Weed looking weak on daily, broke down pennant. Waiting for USA banking vote, moved down on CRON earnings past 2 days, CTST had bad earnings too. Will wait for 50% Fib retrace and see if markets roll over. Good luck!

DXY - weekly, start position in metals. Gold and silver. Hitting resistance of $97.51, RSI was OB. $Nugt $hgu $slv watch for fomc coming up. They might turn hawkish with todays economic data. NFP jobs miss, but unemployment down to 3.8 % and hourly earnings up...Good luck!

DXY weekly, possible head and shoulders. FOMC Tomorrow will send it lower? Powell said 2 raises this year from previous 4. I think they keep dovish tone, until economic data is better. Consumer sentiment was 120, compared to 124. Oil looks really good, gold has quite a run already. I am in 1/3 pos $UWT and $Nugt. Sanctions against Venezuela could be bullish for...

WTIUSD - Inverse head and shoulders? DXY and FOMC catalysts next week. Watch for break over $54.50 on WTI and target .618 Fib level. Depending on FOMC statements on rates, DXY could get saved here or go down more. EIA report Jan 23rd build of 7 Mboe vs 1MBoe expected build. Good luck!

Weed - RSI Overbought, hitting previous resistance at $65. I was wrong with my short at $58 level. Short interest went up 4x from jan 1-16th, shortdata.ca. Earnings is Feb 14th, so I am on sidelines and will wait post ER. If spy breaks over 270 next week, weed can go higher! FOMC is Jan 30th. Holding $TGOD shares from 2.99. Safe trading!

Weed - Hit .618 Fib level, pull back for higher low. Look for back test $54.62 on 4 hour chart as support. RSI overbought, good news about hemp facility in NY. I will wait for support level to buy more shares. Picked up some TGOD for long hold last week at $2.99. Good luck!

Spy upper trendline and fibonacci .618 about to meet at $270. I think with Banks beating ER, Dovish Fed and china news has pushed market to short term bullish. Look for earnings next week with MSFT, Goog and Amazon to decide future direction. I took profits before spy $260 and lost some profits. FOMC meeting Jan 30th, Happy trading!

$weed looking for pull back on daily chart , RSI OB, Fib level closed right around .382 level or $50.80. Looking for consolidation and higher low, volume is not bullish and $spy is hitting resistance at $259. Tech Earnings next will set market direction. *own canopy shares, $nbev calls and bought $pyx feb calls friday. Shortdata.ca for short interest information....

Short GDX, Gold. Hitting $1280 previous resistance, 50% Fibonacci level. $GDX has hit resistance and cannot close above $21. Sold my nugt from 2 weeks ago. Now bought 1/3 of $dust for swing. January, markets may rebound, so metals go down. Will wait and see, Happy new year!

Bullish XAUUSD with close over $1260, FIB Level at .382. Looking for back test of 200 MA, $1252 or so. Trump news and gov't shutdown could push gold higher for next month. FOMC said 2 hikes in 2019, instead of original 3 and they will be data dependant. GDP data out Dec 21. I am in $GDX Jan $20 Calls and Jan $QQQ 152 puts. Bearish USD to .95 or lower in next 2...

DXY watch for short position, hitting .618 Fib level. If it breaks above $97.86, do not short. RSI is overbought and has not gone over on weekly chart. Probability favours short for 1-2 weeks, Buying GDX and Oil, WTI oil is oversold too.

Short apple for earnings, Beat EPS and miss revenue target. I have been following big Tech earnings for past 3 yrs. Apple has missed revenue previously in Q3 in 2016. They raised EPS and revenue guidance last Q. Global economy is peaking, so Sales will miss. Alot of companies reporting this Q saying tariff issues could cause problems for 2019. 5% move based on...

Weed - Sitting on 618 fib level, possible 200 DMA target by Earnings date Nov 14th. I think it chops here until earnings, then further down side to 200 DMA. Could form bear flag on daily chart in a few more days.

Bullish DXY, Breaking above Aug 13th close of $96.13. If it closes above that today, the .618 fib level is next target. Bearish Precious metals $GLD $slv until Nov 7th FOMC, Rate hike could send dxy down, as thats what trump wants.

Bullish gold, Flag on daily chart. Fib level .238 $1225, Possible US vs Saudi arabia tensions. QQQ and SPY barely holding 200 DMA. FOMC Nov 7-8

Bearish USD, DXY rejecting .5 Fib level for 5th time. Look for bounce in $xme $gld stocks. Next FOMC Nov 8th, 98% rate hike projected

Bearish USD, DXY rejecting .5 Fibonacci level .for 3rd time. Short term, Buying precious metals $XME $gold stocks.