gghsusa

gghsusa Updated 

There are a lot of new traders getting wrecked. I'm sorry. Follow the trend. Follow price direction. Remember: The news is irrelevant. Follow price. Can you keep your money in the right direction?

gghsusa Updated 

This is the NEW YORK COMPOSITE INDEX. Please see my previous post just a couple of weeks ago about this drop and what to expect from here. Based on all the data I can muster to analyze, the correction is not over. It's possible that we rally and/or drift sideways into the election but this looks very concerning to me.. I keep hearing from too many people that...

gghsusa Updated 

I'm looking forward to the next correction. I see the potential for a drop from current price back to 2800-2900 in the s&p and a 40% chance that, IF that occurs, we could retest March lows.. seems unlikely doesn't it? Remember to expect the unexpected and look forward. Don't spend too much time looking in the rearview mirror at old news, trying to make...

gghsusa Updated 

I like BORR here technically. I might be willing to take a speculative trade just based on what my eye is seeing. I would personally consider setting several incremental price targets within this broadening formation.

gghsusa Updated 

You need to be paying close attention to the Dollar. We have some history written right on the chart if we'll just take a moment to interpret it. My interpretation might be different than yours but that's why we share our ideas.. and it would be a boring world if we all thought the same way. I don't watch the Dollar very often but I see very obvious price cycles...

gghsusa Updated 

The vix has a history of forming explosive price wedges. It wouldn't be a stretch of the imagination to say we're forming a new wedge here. Also, I suspect that we're on the verge of a new upward wave in volatility from here- it might just be a lower high in a new wedge. The market has gotten way ahead of itself and there are just too many new traders piling into...

gghsusa Updated 

I posted this idea last year and I've been amazed at how similar the giant broadening formation has rhymed from the 60's-70s. I have several other forecasts that involve at least a 50% retracement from the March rally and this helps to paint that picture quite well. Will the Fed step in more heavily if we have another sell off? Does history repeat and we break up...

gghsusa Updated 

I am seeing weakness in stocks with a loss of momentum and volume. There are several interesting red flags I'm observing at this time on many of my indicators.This is just one of many but it shows the percent of s&p stocks above their 50-day moving average. It can serve as a leading indicator and should be observed with a comparison of the index as well as a...

gghsusa Updated 

Is it so difficult to imagine silver going 10x over the next 3-4 years? That would put the price over 290 per oz. What about a 30-40x move to over 1000 per oz? I can make an easy case for triple & quadruple digit silver over the next decade just by looking at the silver : M2 money supply. The creation of our currency = inflation. While this inflation (expansion)...

gghsusa Updated 

AMD has been ripping. I have a love-hate relationship with amd. I owned amd in 2016 sub 7.00 and sold out in the noise in 2018. I should have listened to my Dad's advice of buy, hold, walk away. I think the bubble gets bigger and the topping pattern can last a while or even blow through top. What I see is tech wreck 2.0 forming but I'm not shorting this...

gghsusa Updated 

$gld $gdx $nugt $dust $jdst $jnug $gdxj $slv $sil I'm bullish on gold no matter what technical patterns are at play. This is an interesting pattern I've not spotted until the last few months. Looks like a legitimate ascending triangle and measured breakout. Will it break above and never look back or will it correct and land on top to test the triangle? ...

gghsusa

The silver to gold ratio is telling a story worth listening to. It seems to be telling us that silver is still incredibly cheap compared to gold and is closer to the floor than the ceiling in terms of value when compared to gold.

gghsusa Updated 

Keep watch of this ratio-We're looking like 1999 based on this ratio. Tech to go hyper before tech wreck 2.0? The recipe is slightly different but it's starting to smell the same. Even if this plays out, we should see the NASDAQ cool off & consolidate for a bit..perhaps we'll see some weakness going to the Fall prior to election with increased volatility in the...

gghsusa Updated 

$EWZ $EWZS $BRZU $BZQ I'm expecting more pain ahead for EWZ, Brazil market etf. No rule that says it's going to drop from here but I will be much more interested in going long if it drops to that lower trend. I'll be patient on this. Blue line is USOIL.

gghsusa Updated 

I am making up my own price patterns but I call this the apex vortex of that lower descending wedge. I've seen assets change direction sharply when price crossed the vertical point of existing price wedges (the lower abcde triangle). I expect a sharp up or down in TLT very soon. We could see a sharp drop followed by a sharp rally or vice versa.. I'm currently...

gghsusa Updated 

Study price in relation to stoch/rsi/ n weekly. The math is working against price despite price going higher. I interpret this as a warning signal

gghsusa Updated 

60min. chart- I suspect this divergence to push price down once again. Look for price to break hard out of this pattern (up or down). a great 5-7 year winner in my opinion.

gghsusa Updated 

$ung $ugaz $dgaz $boil $kold $unl $gaz I'm gearing up for the next cycle.I wouldn't be surprised to see a deeper flush. Be careful with leveraged ETF's even though they appear cheap. We don't know how low this can go..take a look at what happened to oil etf's as oil went to zero and below. what strange times we live in.