JJMa

JJMa

Bull case back-tested twice now, an interesting if nervous day. Quad-Witching provided another back-test of local support near 3686 > Monday will be interesting, most likely up. Still looking to EOY at 3750-3860. Not a promise, but a guess at this point. However, RSI is now looking less strong while daily candle close looks decent and ending north of 3700.

JJMa Updated 

Not selling obviously, taxes at this point and conversion would not make sense for me, therefore I will add, but through QBTC - may also buy a little extra actual. Support by fib drawn from March to Now puts 19,000 as an ideal entry for adding, or for the very brave, starting a position in BTC when the correction comes. Corrections will always happen, BTC will...

JJMa Updated 

Not selling, but might be looking to rotate some coins that look to have no future into the grand daddy of crypto. Long BTC, buy on dips, and cut losses on garbage at this point. RSI looking like a decent correction has started, might not be too much, but hey, any decent dip is an opportunity. Will probably look to the evening or the weekend to do this. I can see...

JJMa Updated 

Broke the 20K barrier today > purchased a little bit of QBTC on the last half-decent dip, did not get the correction many were waiting for, which is why I just purchased near 17500 and I have a feeling we won't see 13K again > can happen but less likely now. Looking at the chart, we have to use previous resistance becomes new support, so any move down towards 20K...

JJMa

Not a trade, just an observation. Nerves must be a bit frayed at this point. S&P500 looking top-heavy, but still in green on the week, BTC just painted a new ATH, Gold has moved almost 100$ off the last low. Having a foreboding feeling as we have about 50 minutes till the last FED meeting of 2020. At this point, all we have really is hope that they have carefully...

JJMa

Just looking at the charts, and some thoughts. Tomorrow is the last FED meeting of 2020, gold traders will probably be adjusting last minute over the next twenty or so hours. That Head and Shoulders can come right back into play if traders and institutions don't like what they read or hear. Should gold go back below 1800, it might be time to consider the gold...

JJMa Updated 

I own this stock, and I'd prefer not to sell, I have to accept that price can move on technicals if there is a catalyst. Could be some tax-loss harvesting, vaccine troubles, insert reason here. RSI showing bearish divergence. Would prefer that the neckline is tested in the next month or so, at 20, which presents a good buy price to add, of course with the yield...

JJMa Updated 

Possible Bull Flag now in play Using 4 hr and Weekly USO has come down a bit, offering traders and investors a chance to pick up Energy Equities or Oil itself at a discount to last week's nosebleed prices. Next hurdle if 47.84 is breached with strength, would be 51.23, which is the 200 W EMA when looking weekly chart. I should not be switching time frames, but...

JJMa Updated 

Minor dip, and what appears to be a lower high unless prices move higher in the last couple of hours. Minor bearish divergence detected on the RSI. Ultimately I am long, got the shorting out of my system at the beginning of the year. Just looking to invest at better prices. We are overdue for a little bit of pain as well as illustrated by my previous idea which...

JJMa Updated 

Midstream linked Analysis KEY, PPL, to a lesser degree ENB Tracking some minor bearish divergence on the 4hr RSI, this is a supplemental analysis with regards to a study for KEY > trying to see if there is an overall pattern for the industry as a whole. I am not interested in looking for a sell on either of these, but I must report what I see. Thus far, both...

JJMa Updated 

Thought I published this yesterday, was thinking that the gaps on this might get filled. Not overly optimistic about a run down to 20.35, let alone the one below 20, compromising with an order for a few. Tiny starter position at 20.55 for 14 shares, might just say screw it, we may get get some more bearishness tomorrow or the next week, but as we close in on the...

JJMa Updated 

Nice uptick though, reinforces my conviction to have not re-invested all of my cash on a recent sale. Looking for some more discount prior to purchasing some more value in the energy space. In a way this is a trade, in a way not really. RSI looking constructive to the US dollar having a period of gains in the next few sessions. This setup is invalidated if DXY...

JJMa Updated 

Can't justify a crash without a catalyst, but perhaps we get some additional deals for Chanukah and Christmas, or perhaps it's profit taking under the pretense of those January credit card bills will be pretty steep. Not short, just looking to put more capital at a better price, as always. Possible catalysts for more downside pressure - more government harassment...

JJMa Updated 

Maybe twice, maybe, three times. Maybe it's a charm. A tiny part of my portfolio, been holding for over a decade, added in 2019 or was it 2018. RSI looking good. See if it wants to move above that 200 EMA weekly and stay above it, for once...Not holding my breath, but with oil on a bit of a bullish tear...hey pigs might be able to fly. Solar, Wind and all that...

JJMa

Do all gaps get filled? No, but sometimes it pays to have an order or two in, especially when the market is as it is - overvalued. PCI seems like a relatively decent instrument to harvest dividends over the long-term, but...as always, I want a better price. Not being overly ambitious in trying for the second gap, tiny position planned, but as always, I like to try...

JJMa Updated 

Looking to purchase Oil/energy equities, looks like USO has a slight negative bias and might break down from ascending wedge. Looking to purchase more oil/energy on a dip. I can see 43-44 on a correction. 100 EMA near 44 should cap losses, unless we have a news catalyst. Exxon and other energy names have moved up hard over the last few weeks, might be time for a...

JJMa

I don't play vol, meaning I don't bet on the VIX, but I do pay attention when I am looking to invest. Seems heavily discounted at the moment, and I'm not saying that a crash is imminent, but discounts might be around the corner. Probably nothing, but I try to get good returns, so having some dry powder on hand wouldn't be the worst thing to do with spare cash...

JJMa

hopefully before end of day, starting positions in QBTC for investment accounts, play money in USDTFSA and CADTSFA. Have actual BTC, but this I can hold in a tax shelter. Target below 200 MA on the 4hr for a starter position. May cut initial position size by half if price does not co-operate because the discount from ATH is still fairly decent.