tangman

tangman

I've been trading Canadian Marijuana stocks in the last few weeks, with mostly lots of profit. Today, they have pulled back from exploding higher, and are offering a good point to buy. - ACBFF, APHQF, SPRWF bounce off 10ma. - OGRMF bounce off 50ma and trendline. - THCBF bouncing off 200ma. If the sector rally is intact, it should just go from here. However,...

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My recent plan has been to buy QQQ & EEM below the 50 and ride the "BTFD" rally. I was totally distracted (by marijuana stocks, and by my new infant) and missed this last dip below the 50. I missed out on a big rally day, but I after reviewing it, I decided to chase (bought two days ago, 11/16). - Day 1 of a new "20-30 day cycle", it should rally for at least...

tangman

Uranium has long been a sector I avoided, but today's news might change that: a company (Cameco) is dramatically cutting production. In addition, on the URA chart I see a long term triple bottom with small stop run. The 50 wma has also flattened out. I don't like to chase a day like this, but it has not given up anything since the morning. Taking a...

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I stopped out of my last attempt. Admittedly, it was a bit early. It wasn't a big loss. This time: - RSI overbought - Stochastic turning down. - Distance from 10 & 50 ma. - Strong resistance level. - Intermediate cycle still due for a decline. Looking for a decline to the 50ma. It could go all the way to the 200, but I probably won't be trading that. Buying...

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An uptrend channel has formed since biotech broke out from the ascending triangle, using the same lower trendline as the triangle. Today, IBB is rallying off of oversold RSI, as well as lower trendline. In the past, such oversold RSI has lead to decent rallies. Bought LABU (a 3x etf) here. Stop below today's low.

tangman

Yesterday, I wasn't sure if the lower trendline in ETHUSD would offer support. Today, there is a little more evidence that it does. - Lower trendline of long term bull flag - Currently right at 50 dma - ETHBTC could be bottoming - Buy ETH here, fairly close stop (10% of position value) Having sold my bitcoin at $7100, I now have some cash to play this in my...

tangman

Selling my position that I bought @ $2700 here. It poked at the upper trendline for a few days, now looks like momentum is stalling out. Timing is about right for a decline. I believe it will visit the bottom trendline before resuming higher, target about $5000. I will attempt to re-purchase there.

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Recently, marijuana stocks have been consolidating recent gains. Today, marijuana stocks once again, rallied. My position in TWMJF (largest by market cap) is doing well. I was waiting/hoping these would retreat back to their 50sma. Then, I bought TWMJF on 10/20 on the small rally. It has bull flagged since then. Today, it burst higher. I (cautiously) added...

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I closed my last trade on Oct 20 and caught the top. I have been waiting for EEM to drop to the 50 or overshoot for a heavy buy. It has bounced without tagging the 50ma, and same goes for the NASDAQ. I believe this is a sign of strength. Perhaps stocks around the world are entering the parabolic phase of the bubble. I, for one, am starting to feel "left...

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- Two recent strong rallies - Bouncing here on the 50 dma and trend line backtest. - Down to test 50ma and long-term downtrend line. - This could continue correcting to the 200 dma. Taking a starter position. Stop below 50 dma.

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Oil seems to be making lower highs each intermediate cycle. It's about time for the current intermediate cycle to turn downwards. It's rather close to recent highs so this offers a decent risk-reward for a short position. Buying SCO here, stop @ at the 9/28 high of $52.60 in oil. In SCO this is tight, about $1 or 3% risk. I don't really have a strong opinion...

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I believe this stock has good chance of rising to its 200dma, possibly overshooting it as it has done so in the past (pink arrows). - Recent small bull flag. - Rising MACD. I bought yesterday when I spied it rising out of a strong looking bull flag. I doubled up on it today on the +15% burst. Target is 200dma or slightly higher (at least 33%). Stop is @ breakeven.

tangman

Each time in the past, Where the 10dma crosses above the 50dma, It is a resumption of the uptrend. Marked here with arrows. This is an excellent risk-reward entry. Ride it higher, or stop out below the 50. I happen to have no spare cash, or I would add here.

tangman

Yesterday's Fed meeting is what gold needed to drop down to tag its 50dma. It also tagged a significant support line. If this is a bull market, these levels will not be visited again. A stop can be placed below these lows. My miner positions are IAG, GOLD (randgold), KL (kirkland lake), GSS. All are performing very well today.

tangman

I bought at a poorly timed $2700, and just sat when it dropped below $2000. (The advantage of small positions.) Now I'm way up. Wish I could trade in hindsight. Studying its chart some more, I think it just put in a "midpoint" consolidation on this leg up. Simply based on this pattern, my bet is it reaches the next yellow line ($6,800) before putting in a few...

tangman

I have been slowly accumulating precious metal miners over the last month or few for a medium term trade. Some look good, some look bad, but I am being very cautious and patient. This one seems to be just waking up. Yesterday, a break above the 50 ma. This morning, a quick test and bounce off of it. Buying here with a tight stop below the 50ma. 1.74 or so.

tangman

Gold & silver have delivered an impressive rally out of what is now considered an ICL. Now well through their first DC, it might be too late to go heavily long precious metals. That said, many silver stocks like EXK, AG, GPL still linger at the lows. If the sector is bullish these offer better risk. I like the consolidation action in GPL, I believe it is...

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I like CLF, X, and AKS here. These industrial stocks are all in the process of bottoming. That said, they are volatile and risk is high. Now that CLF has gained the 50ma, I would like to see a new shakeout low and recovery, like what it did in Oct, 2016. X is, I believe, the most stable ride owing to its higher market cap. It is not as overbought as the...