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iamiam wrote a post · Jul 6, 2022 04:41

UPDATE July 6

It's been a long time since I've done a post, or is it just me? I try to stay engaged with the community, but it's difficult, my time is stretched and I will spare you any other details
It's been some wild weeks but the important thing to remember is that THE TREND IS STILL BEARISH there could be a bull rally this week maybe into next, but the trend is BEARISH, bull rally's are a good time to sell calls, take profits, hedge positions, enter short positions and/or buy the bull rally for profits (I prefer to do this with leverage, either options or leveraged ETFs).
Well that's my strategy and it's built around my analysis and theory that the market will have two bull rally's by September when the major selloff "crash" will occur. This selloff will take EVERYTHING with it, (then Metals, Oil, and other commodities will have a strong rebound). iam holding short until September, while playing the bull rally's
iam also LONG $Alibaba(BABA.US)$ (that's a new position for those that follow me, so I will include it in my charts) iam also opening a position in $Direxion Daily FTSE China Bull 3X Shares ETF(YINN.US)$  so I will also include $Hang Seng FTSE China 50 Index ETF(02838.HK)$ in my charts.
Ok here we go starting it off with OIL!!! Here is the thing with oil, the price of oil can go up down or stay the same - it will have little effect on the price of gas, the price of gas will remain high and climb higher, oil refiners are operating at near 100% and can not refine fast enough to produce enough gasoline to cool the price. Now that being said, what do the charts say.
$Crude Oil Futures(JUN4)(CLmain.US)$
UPDATE July 6
UPDATE July 6
UPDATE July 6
Back to what I said about the price of oil having little cooling effect on gasoline price, that is because the refiners are operating at near capacity, so they are making a lot of money right now. That doesn't mean they wont get sold off with the market (they will), just know they have tons of money on hand - earn tons of money and will continue to make money into the future so when the "bottom" hits these are my favorites because they never lose profitably eventhough their stock value drops. (these are ETFs you can look at their holdings to see individual stocks)
$SPDR S&P Oil & Gas Exploration & Production ETF(XOP.US)$
UPDATE July 6
UPDATE July 6
UPDATE July 6
GOLD/SILVER - Buy! Buy! Buy! PHYSICAL!!! have it, hold it, hide it, hoard it!!!!!
UPDATE July 6
As for the manipulated paper market, let's take a look.
$SPDR Gold ETF(GLD.US)$
UPDATE July 6
UPDATE July 6
Silver has been acting like an industrial metal, with a big selloff (like copper)
When the market "crashes" Silver will separate and act like the precious metal it is. $Micro Silver Futures(JUL4)(SILmain.US)$
UPDATE July 6
UPDATE July 6
The future of energy in a truly green planet - Uranium.
Uranium has sold off hard with other energy. This is because they will recover the quickest, they have risen the highest recently therefore had a long way to fall and a short time to do it, in order to ready for a September(ish) turnaround. $Uranium(BK2430.US)$
UPDATE July 6
UPDATE July 6
Potash - Another commodity getting crushed. Demand is there - supply can't keep up - and supply lines are jammed up - When this all settles out and markets come to a consensus on a recession with a commodity super cycle (near September) these will be off and running again. *Nothing just shoots up without corrections, so when these go don't FOMO and there is no need to hold forever - take profits however you can (I prefer to sell calls) - this actually goes for any stock.
Enough blab - charts
$The Mosaic(MOS.US)$
UPDATE July 6
$Intrepid Potash(IPI.US)$ Rebound to close the Moving Averages- just so they can separate again 30 is my bottom target. that is almost near my average (24)
UPDATE July 6
Fear - let's see where volatility is, this will take off - *September 'ish, until then $VIX Index Futures(MAY4)(VXmain.US)$ $CBOE Volatility S&P 500 Index(.VIX.US)$ $ProShares Ultra VIX Short-Term Futures ETF(UVXY.US)$ 
UPDATE July 6
UPDATE July 6
Since I'm doing a full post to make up for lost time I must not forget my baby, my favorite, my future... $ChemoCentryx(CCXI.US)$
UPDATE July 6
it's science
UPDATE July 6
UPDATE July 6
Where is King Dollar at . The dollar is important for multinational business and foreign currency. $USD(USDindex.FX)$ climbing to 109, this should be bad for multinational companies as the dollar continues to route other currencies.
UPDATE July 6
$Invesco QQQ Trust(QQQ.US)$ Remember the overall trend is still BEARISH 🐻 but bear markets have the wildest and sometimes violent upswings.
UPDATE July 6
UPDATE July 6
UPDATE July 6
$Alibaba(BABA.US)$  Triangle forming, triangles can break both ways, with the Hang Seng looking to breakout I could see a false breakout on BABA before a breakdown to better align the Moving Averages
UPDATE July 6
$E-mini NASDAQ 100 Futures(JUN4)(NQmain.US)$ Daily is strong, hourly has turned over bearish, 2 he is starting to turn. Do we get a red day? Certainly a red morning, but can the Daily trend rule out and end the day green? I think so, the market wants and needs to go up - just so it can go down again, but we need a rally.
UPDATE July 6
UPDATE July 6
UPDATE July 6
OK that was a lot, I got through a bunch but I'm sure I missed a ton.
Stay savvy, own physical silver and gold, grow your own food (whatever you can), and hedge your assets.
UPDATE July 6
I'm posting memes to make up for lost time since I can't post them from work - haha - a great quote from the evil banker.
As always Good Luck
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iamiam
Engineer, Commodity Buyer, Alert Bettor, Tesla 🌬 Commodities BULL🐘 Precious Metals Dragon 🐲 and OIL Trumpeter 🗣🎺
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