The rumor is the CDC is announcing the resumption of the cruise industry to resume business in July, CCL heading towards $40 to previous support turned resistance. Bought $30 Calls Jan 2022. Lets see what happens. VERY SPECULATIVE
MJ has been in a descending wedge since the run up in February. I think it will break the wedge sometime next week with a short term price target of $30.
SLV looks like it is about to go much higher on a long term chart. The rounded curve of the chart makes me extremely bullish. I will be buying Jan 2023 $28 call options around $3.60 come Monday 5/9. I am choosing to buy long dated options because I want to give this plenty of time to play out. I am thinking 10x on this trade given enough time. Once the SLV price...
We are oversold on a 4 hour chart and I am expecting a retest of previous resistance around $300. There is going to be massive resistance at $300. If we can close above $300 and take out $320 I will be adding to my position. Closing above $320 will signal the start of the bull run at least in the short term.
Using the Tom Demark Sequential System on the daily chart we look to have a 1 to 4 Day correction to the upside toward the area of the breakdown/previous support after a full 9 Day count to the downside. Also the selling looks exhausted on the rsi. Once we get close to resistance I will be putting in a stop loss to preserve profits. I do think this is not the end...
Once XLF closes above trend line on weekly chart and opens Monday 2/15/21 higher than Friday's 2/12/21 close I am expecting a breakout. I will be buying September out of the money options around $34. Right now they are $1.20. It could possibly 3x in relativity short period of time. If it is rejected at trend line it could be a triple top and get slapped down...
This is the idea of Peter Brandt. Follow him on Twitter.
"Pending a close above .3038 the diamond bottom will be completed with an initial target of .4691 $XRP" Peter Brandt
XRP is in a text book Diamond Pattern. I will be adding to my position once XRP closes above the resistance line. I already entered back at the .28 cent area and have a partial sell order...
Bitcoin is has been stuck in a descending channel since August and does not look like it will break through any time soon. Look for one more lower low before the next halving BULL RUN. I am not currently in a short position, I might enter one if Bitcoin retests $8,000. That would be my best entry point, but might be too late for that. Just my thoughts on the...
Bought in today for a short term hold on Money Gram Stock around $4.45, symbol MGI. I think there is a possibly to retest the recent high of $6.69. There is speculation this quarters earnings will be a bullish sign of good things to come ahead. Watch for a SELL THE GOOD NEWS EVENT ON NOV 1rst when earning come out. Tom Demark Sequential System on the daily...
Sandstorm Gold is a LONG TERM trade I have entered. Sandstorm Gold is on track to hit $100 Million dollars of annualized revenues in 2020 with more mines coming online. I am HODLING for the long haul. Of course with some loose stop losses once I am in some good profit. I think we can see 2x gains over the next year, unless the Gold price gets destroyed or their...
Looking for a breakout of this rising wedge to new ALL TIME HIGHS. My target is 3,300 or close to it then going to close my position or keep a tight stop. Do all time highs in the S and P make sense with the Global slow down, manufacturing recession, Dow Transport crashing, isolationism around the globe, China economy slowing.... no, but greedy investors are...
XRP/BTC is bullish. Going to test the .00004 area (previous resistance & support). Good area to have a tight stop loss and take some profit. If it breaks that then a test of .00005 is likely )previous resistance support). If that breaks then .0008 will probably be final resistance for maximum gains. Keep moving your stop losses, capitol preservation is key in a...
XRP looks like it might test and break through an over year long descending triangle. Looking at the weekly chart Tom Demark Sequential System we have a Green 2 candle trading above a Green 1. We can safely assume 1 to 7 more weeks of upside. If XRP breaks above the resistance line we can expect a test of .50 and after that a little less than $1. I will be keeping...
Bitcoin is looking like it is heading back towards its breakdown of $9,000 area. According to the Tom Demark system BTC is on a Green 1 on the daily, if tomorrow is a Green 2 then we can expect 4 to 9 days of upside. The RSI is also looking like it is heading in the right direction. I went long at $8,200 with a target of 9,000, with a tight stop loss once it...
I have a buy order at .2155 and going to sell ASAP with some profit! XRP fell out of a triangle and is going to test previous lows. Buy the dip, but keep a close stop loss, things could get UGLY QUICK!
Litecoin is breaking major multi year support at .007. Short, but beware the bounce. Might be best to wait until Lite Coin goes below .006 to make sure support is broken.
Bitcoin in descending channel looking like it will test $7600-$7,900 before pre-halving bull run! Definitly a good time to add to your position in the high to medium $7k range. According to the Tom Demark Sequential System on the Weekly Chart it is very likely we will have another 1-7 weeks of downside with a target at the previous support of $7.6ish.
Fed will cut rates by only 25% on Wednesday and will be a sell the news event. Expect the Dow Index to retest previous resistance around 26,550. We are also on a 9 Weekly come Monday on the Tom Demark Sequential system, so expect next Monday to start a 1 to 4 week correction, then HIGHER. SHORT THE FALL , BUT BUY THE DIP! STOCKS ARE GOING TO GO HIGHER TO NEW...
