The same divergence can be found on a weekly and monthly basis going back to the previous low on January 2016. Looking for a pop over the 50ma. Bought with a tiny position here.
The earnings drop on 5/2 provided a backtest of a rectangular breakout and a bounce off the 200ma. I bought at 13.52, and based on the continued bullishness I am adding at 14.46. Breakeven stops. Target is the top of the rectangular breakout. Second target is the overhead trendline. That said, I would like to see this develop into a long term hold.
I have been watching this chart since the top, and have waited for it to correct. It has tagged the 50ma and is potentially rallying. BTCUSD is in an uptrend, bouncing off the 50ma. It could continue to correct/consolidate to the 200ma, but I am not worried about any decline. ETHBTC is in an uptrend, also bouncing off its 50ma. Fundamentally, it is more...
I believe SPWR and other solar stocks are putting in a bottom here. It is releasing fractal energy to the upside. (Daily and Weekly BB width rising as price rises) It has momentum (above all moving averages including 50wma) Last bounce was off the 200dma. It just reached overbought stochs, it is not too overbought on the daily RSI, therefore it has room to...
XBI breaking out of a rectangle, after breaking out of a triangle, coinciding with QQQ boucing off 50ma. Both targets are around $80 After watching this intraday I see no indication of slowing down. The trend has been very strong in the market, volatility is amazingly low, and hardly anybody trusts the market on a fundamental basis. Macro data continues to...
- Failed trendline break - Bearish engulfing - Possible ICL ahead for PMs - Tight stop around today's Fed action. Positions at 63.34, 65.26... tight stop. So far, made some lunch money. I really believe GDX/GDXJ makes new lows into an ICL. However: Anything. Can. Happen.
There is that tag of the 200ma and a little bounce off of it. 1h chart is well oversold so if nothing else I should get a small bounce that lets me raise stops to breakeven or close to it. It is still very risky, but that's the nature of the game. Buying a position here at 1.52, hard stop below the 200ma, ~1.45.
I have traded this both successfully and unsuccessfully in the past. It just looks oversold, it could be bottoming soon. There is a larger uptrend that hopefully resumes soon. Bought today 6.13, stop at 6 to give it wiggle room.
A few days ago I stopped out of a short miners position, but I'm still expecting an intermediate level decline in PMs. After that decline, it will be a very good time to go long. I will watch these carefully and may decide to short silver. I think the chance is decent for a consolidation then "one last pop", similar to the 4/13 candle. Then when silver drops,...
PLUG has corrected from its April burst in what appears to be a bull flag. It has allowed the 50 dma to catch to the price and 10 & 20 dma. Today it burst higher through all of them. Maybe the 3-year downtrend is reversing, resuming the larger uptrend started in 2013. Who knows? Just another small bet in the game. Bought 2.07, stop below the 10dma around...
- Precious metals are late in their intermediate cycle and a decline is due. - GDX has struggled to reach the 50ma, like it did in previous cycles, where it was rejected. - GDX, GDXJ, Silver, all have not supported gold's relative strength. - A stop run to the upside is possible, but is IMO unlikely at this timing. Buying GDXS, a 2x short, at 15.77, stop 15.00. ...
Here is an ascending triangle breakout over 6 years in the making. Daily shows a small rectangular consolidation, which allowed the 50a to catch up, and is breaking out again. Could be a decent long term hold. I bought yesterday at 30.67. Late to the party so smallish position.
If we disregard the scary looking nominal price, this BTC rally is just getting started relative to previous rallies on a log basis. - Most people believe it is currently a bubble, so sentiment has a ways to go. Plenty of buyers left. - On the Coinone exchange (South Korea) BTC is trading at over $4000 USD. - GBTC is trading at a very high premium, indicating...
I got stopped out of my previous SCO trade for very minimal loss. Trying again on this tag & rejection of the upper trendline, bought SCO $37.9, stop $36. It tagged the upper trendline and turned. There seems to be some OPEC-related news, hopefully that adds a bit of momentum to this leg down. It would be ideal if Oil's ICL is still ahead, and this pattern of...
The last week or two, I had bought NAK at 1.625, 1.73 and 2.02, all to sell at 2.215. The trades are marked by the arrows on the chart. It is a little too fast paced for my liking, however I made a lot of money so I'm not complaining. In this trading climate I have been extra cautious with my trades and so far I've made some decent change. It's close to a buy...
Medium term, CLF has been correcting for months. It may be turning, now, for another run up. When this thing runs up, it REALLY runs. Bought more @ 6.61 on top of my existing position (bought at 6.44). Setting a break-even stop under today's low. Hopefully, it may just pop and leave. If not, I get taken out with no loss. I have found this trading style to...
Made some good money shorting via SCO (2x short oil) from $52 Oil to $48 Oil. Today, it's made a counter-trend bounce and has been rejected at the 50ma. It also backtested the underside of that trendline. In addition, over the last 5 days rally in Oil, some related Oil stocks (XLE, OAS) has been very weak / lackluster. Other stocks have done better (AREX for...
I made a bunch of money with NAK on the ride up, then lost almost all of it on the crash down. The crash (30% down in a day) really shook my emotions which hasn't happened in a while. As a result I traded in and out and gave up another $1000 or two in profits. At the top I was gloating about 250% 1-year returns, so I guess I deserved to lose it. Overall, it...