UPDATE May 6
I had to post this it made me laugh, and nailed today ![]()
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I periodically glimpsed flashes of charts (thanks Moomoo quotes page) and saw the carnage ![]()
$ChemoCentryx(CCXI.US$ . I won't even look at my retirement account ![]()
although when it's time to sell $ProShares UltraPro Short QQQ ETF(SQQQ.US$ I'll have to open it ![]()
but by then IAM will have a chart LIST and just like 🎅 Iam checks it twice and finds out who's naughty and who's charts are NICE.
On a day like today with everyone panicking, it makes me wonder if anyone listens. I don't care about temporary price movement. IAM HEDGED! On my week ahead outlook and tuesday update I said to buy the reversal of any spike, well I bought after the FED spike.![]()
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On a day like today with everyone panicking, it makes me wonder if anyone listens. I don't care about temporary price movement. IAM HEDGED! On my week ahead outlook and tuesday update I said to buy the reversal of any spike, well I bought after the FED spike.
I apologize in advance this will be short, too busy at work and my time is limited.
I'll do UUUU, CLF, QQQ, CCXI then futures on Gold, Silver, Oil, and close with VIX, NQ
$Energy Fuels(UUUU.US$ Uranium, do we hold? I believe so.
I'll do UUUU, CLF, QQQ, CCXI then futures on Gold, Silver, Oil, and close with VIX, NQ
$Energy Fuels(UUUU.US$ Uranium, do we hold? I believe so.
$Cleveland-Cliffs(CLF.US$ We broke down from the triangle, maybe an inverse head and shoulders forming for more downside, I said 25 was my solid bottom with a drop to 23 probable. Dont care I'll buy 23.
$Invesco QQQ Trust(QQQ.US$ $ProShares UltraPro Short QQQ ETF(SQQQ.US$ $ProShares UltraShort QQQ(QID.US$ ROAR, IAM a BEAR!🐻 it's still a bear market, do you believe yet? Tech is dead (not to say you cant make money off it) We have the bullish divergence on the MACD.
Could we get another bomb day like wed where we ran up (so I can buy my SQQQ and VIX again - it's a bear market everytime it runs up I go hard opposite)
Could we get another bomb day like wed where we ran up (so I can buy my SQQQ and VIX again - it's a bear market everytime it runs up I go hard opposite)
$ChemoCentryx(CCXI.US$ A biotech, with an awesome drug Avacopan. Just reported an earnings "miss"
OK let me tell you about projections and this goes for any stock.
Estimates are made by "analysts" but these analysts have positions so they have motivation to lie/trick/manipulate you *imagine that, someone lying about the market to take your money![]()
What they did report was a 515% increase in patient referral, 200+% increase in quarter growth, and positive results guiding positive outlooks for phase 1 trials. It's not about earnings when you just got approval it's about use growth and that is booming.
On a side note, IAM just made bank and has some "walking round money" and I'm looking at below 14 we have a strong range at 13.
When this long downtrend ends we begin the march up!![]()
OK let me tell you about projections and this goes for any stock.
Estimates are made by "analysts" but these analysts have positions so they have motivation to lie/trick/manipulate you *imagine that, someone lying about the market to take your money
What they did report was a 515% increase in patient referral, 200+% increase in quarter growth, and positive results guiding positive outlooks for phase 1 trials. It's not about earnings when you just got approval it's about use growth and that is booming.
On a side note, IAM just made bank and has some "walking round money" and I'm looking at below 14 we have a strong range at 13.
When this long downtrend ends we begin the march up!
$E-micro Gold Futures(JUN4)(MGCmain.US$ $SPDR Gold ETF(GLD.US$ and MINERS $VanEck Gold Miners Equity ETF(GDX.US$ $Barrick Gold(GOLD.US$ $AngloGold Ashanti(AU.US$ $Sibanye Stillwater(SBSW.US$ Long trend first, we are cooling indicators, relax, buy physical and hold for wealth.
JP Morgan - a real dragon. Hoarded gold then created the FED and made it illegal for regular surf citizens to own gold and what happened the govt took it all (and JP ended up with it imagine that![]()
) after they took it the price went up 3 times.
GOLD!!! ![]()
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1830 is my back up the truck zone. 🚛 because I'm ready to load it
$Micro Silver Futures(JUL4)(SILmain.US$ $iShares Silver Trust(SLV.US$ $Sprott Physical Silver Trust(PSLV.US$ Silver - and if a quote by an evil banker about gold wont stir you, how about the opposite side
HOLD
OIL $Crude Oil Futures(JUN4)(CLmain.US$ $VanEck Oil Services ETF(OIH.US$ $Schlumberger(SLB.US$ $Halliburton(HAL.US$ $Occidental Petroleum(OXY.US$ $NOV Inc(NOV.US$ $ConocoPhillips(COP.US$ (just opening a position, I have a personal history with COP and so there is some "brand loyalty")
Last week I said look for oil to breakout this week, I even drew it out - well.
"But the stocks went down"
What do I say about the market - it doesnt matter it's the charts, and the charts don't lie, oil stocks were going to drop - so what - the stock drops but the underlying goes up and your nervous??? Iam hungry![]()
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"But the stocks went down"
What do I say about the market - it doesnt matter it's the charts, and the charts don't lie, oil stocks were going to drop - so what - the stock drops but the underlying goes up and your nervous??? Iam hungry
Ok the ones most care about
$CBOE Volatility S&P 500 Index(.VIX.US$ $VIX Index Futures(MAY4)(VXmain.US$ $ProShares Ultra VIX Short-Term Futures ETF(UVXY.US$ VIX, I love the FEAR![]()
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The fact this didn't run to 35 (it should have) makes me think this either goes down and the market gets relief, OR more likely they wanted room left to storm up again (daily is not overbought).
$CBOE Volatility S&P 500 Index(.VIX.US$ $VIX Index Futures(MAY4)(VXmain.US$ $ProShares Ultra VIX Short-Term Futures ETF(UVXY.US$ VIX, I love the FEAR
The fact this didn't run to 35 (it should have) makes me think this either goes down and the market gets relief, OR more likely they wanted room left to storm up again (daily is not overbought).
$E-mini NASDAQ 100 Futures(JUN4)(NQmain.US$ Do we get relief? the charts have bullish divergences on the hourly charts, it lines up with a VIX cool off, do I believe its strong - NO 🤣 Big money doesn't want to own any of this, and when they buy heavy options I noticed something on Wednesday, They aren't even holding options past 2 days, they don't want any part of being long, and neither should you.
Bollinger "squeeze" coming. at open???![]()
I will try to post an update but no promises today, too busy. Just remember if the market runs up, you can play it but be ready to hedge and play the drop, because its coming.
As always Good Luck![]()
As always Good Luck
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LuckyPiggie : wow .. now its too high . up 18%
SpyderCall : Nice options plays. I need to connect with you on some swing trades. How long do you usually hold? I stick to short term usually. Especially in volatile times.
Fat Veg 7890 : So the drop in NQ and tech stock is coming?
Is it time to load some gold stock as well?
iamiamOP SpyderCall: it really depends, I have SQQQ in my retirement account I've held since November.
, SLV 25-30, and various miners.
Options - if they are short dated, like the May SQQQs I don't hold past 2 days, if i want to keep it i will roll it. i have longs I've held over a year, but they are deep ITM now.
That's my general rule buy long OTM but what I believe will be deep ITM so for example I was buying CLF 12s, X 16s, OXY 35, MOS 35 a year ago, I'm buying UUUU 10s, DNN 2, GLD 220s
Short term I buy what will not go to 0 or drop over 50% in 2 days and has a high delta to cost (I want the best bang for my buck without a total loss)
I hope that helps, if you want more info keep it coming, I may not respond right away but I'll get to it.
iamiamOP Fat Veg 7890: gold is in my range that I wouldn't say no to anyone who wanted to buy, that being said I think it can go lower.
will it? i dont know, at 1830 I'm buying everything, gld miners, derivatives, physical anything I can.
Tech WILL go down more
today? I don't know, but it will.
let me give you some examples Apple 125, Microsoft 270, Amazon sub 2000 that will tank the Qs and spy. Why I dont short SPY they have energy and oil stocks, the Qs are all tech.
Fat Veg 7890 : Apple at 125?! Sure a not? Thats going to be a bloodshed.
iamiamOP : haha, NQ looks like is breaking down, while QQQ already made the move down, we could still get an oversold rally, but at some point this is going to be oversold for days sucking in gamblers, speculators and eager beavers playing the inevitable bounce... Then once it wipes out all the weak and leveraged long holders and the gambling speculators it will reverse.
iamiamOP : down the mountain good luck all
Fat Veg 7890 : Down to all time low for Nasdaq?
rawrrrbucks : Really!!!!! You think CCXI down at 13?
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