Hi all, daily update for stock market jdst can be bullish atm, strong uptrend forming nicely , if brk above resistance red line a bo can follow . Due to my busy schedule , i may not able answer questions. NOT trading advise either. ##ATM=the ideas valid for ~<hour. ### ideas for day-trade swing ### ##upper line is resistance over=bullish, &cross under =bearish.
But its January. So watch out for breakout above trendlines...
$nugt $dust $gdxj $jnug $jdst $slv $gld Renko is not playable in published ideas so I'll update this chart. My last post got little attention and I've been warning people about a sudden drop in gold, silver, miners. We're setting up a new buying opportunity but how low does it go? I would like to see GDX between 28-32. Hold fast.
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I am wildly bullish on the miners and precious metals over the longer term but I suspect another corrective leg down. GDX has been forming a giant ascending wedge from 2013-2020 and just broke out of that pattern this year. The drop in March was just a small piece of that puzzle that flushed a lot of new & experienced traders out of the trade. I pointed out...
Another stock that's in my portfolio is JD.com (NASDAQ: JD), the national e-commerce giant second only to Alibaba (NYSE: BABA) in gross merchandise volume. It did remarkably well in the first quarter, when China saw its first economic contraction since the government began reporting statistics. It did even better in the second quarter as the wheels of the economy...
$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? ...
We have 3 major trends that will collide next week. Should get to 1800 next week, then bounce off the primary wave for a healthy correction. But you never know with gold these days. Its quite bullish. If it breaks out of the primary wave, it will go exponential.
The Spring season ends within a few weeks. Golden bulls and bears are about to go head to head for season champion. Bulls will surely win next season, but this season is still close. Bears have a chance for a final round comeback. Bulls will try to go for the kill this week with a break out of H(1) wedge, while bears try to extend the match to the larger H(4)...
Short $GDX 34.53 SL 37.49 (-8.6%) TG 12.40 (+64%) Regular Flat ABC Pattern w/ Divergence
Again, this is a draft. Will not be updated. Get updates at: or cut and paste to address bar '
This is the continuation of GOLD CRASH REBOOT posted Friday 5/22. Price action today (5/26) demanded a new map. I also feel like this keeps the knife sharp. My updates (and writing style) will make more sense if you read the last piece first. After running through my regression sets, this is what keeps up coming up almost 60% of the time. Nothing else above...
Shorting GDXJ from $37.17 with a target of $27.86 to $30.00. --------------- I believe that with markets potential to fall we will likely see another round of weakness, even if briefly, for the miners and gold in general. The potential for more profit taking or selling for margin have been greatly increased with the rapid rise in GDXJ over the past week and with...
Price has broken our trend line and touched a strong area of support around 1680s. We will be looking for sell entries only if price breaks and hold below 1680s. If price holds the current area, we can expect price pushing back to 1730s
Potential bear trap in the way the Fibonacci line has a very tight price range between Fibonacci lines. Leaving support resistance zones kinda indistinguishable Risky buy