UPDATE September 23
I was watching several internet and tv hosts saying the market was churning and to buy the dip, all wrong obviously.
Stay BEARISH friends. No need to catch a falling knife, or be a hero. If you still have stock - hedge it, it's not too late we are going way way DOWN!
The FED did one thing Wednesday, they finally convinced all the major participants that the market is going down a recession is eminent (duh we ARE IN A RECESSION, anyone saying different has a political reason so they are intentionally misleading) and the FED has no desire to slow down.
This is all just talk, it's the FED they are flailing and throwing speed bumps in front of a runaway freight train.
Not that it matters but here are some charts, I started early and fell asleep so they dont account for any premarket - as if that matters now ![]()
$Teucrium Commodity Trust Corn Fd Shs(CORN.US$ Food and energy are the sectors I will buy, energy not yet, corn is hard to get so I accumulate it.
If you follow me you know I started shorting this last week. This and CORN are becoming my largest positions.
My positions-
$USD(USDindex.FX$ Hit 112, I look for a surge up in the dollar and I will start watching gold and silver and when I see the dollar topping I will pounce on Gold/Silver
$Crude Oil Futures(JUL4)(CLmain.US$ This is looking for a bottom. It's Hurricane season and we have been quiet... I sense a H coming, which would be detramental to the oil and gas supply if it hits the gulf - that would be your catalyst, but I wouldn't be betting on it yet.![]()
$Uranium(BK2430.US$ Real clean energy, just waiting for my bottom.
Down the mountain I go, trade safely, be wise and as always
Good Luck![]()
Some only see the stormy seas, while others see the perfect wave
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iamiamOP : Nasdaq futures: I look for at least another 80 point drop before resistance. About an hour after open I will look to see where the momentum is going and see what I want to do with my calls today. Good Luck All.
rengoku : how high do u tink sqqq will get to? 60?
Markio1315 : I'm with you on First Solar.. which level would you think the support be?
Violets : glad you're here because I'm telling you one thing no one on TV tells the truth
UseBrainToWIN : dollar will stay strong, it's going through inflation now, US will stop printing money, holding stocks isn't a good option unless you are losing too much
日生人王 iamiamOP: You are so right about the support! I have taken all my profits on options, leaving SQQQ.
NinaL : What about fslr? Is it the top shape?
iamiamOP NinaL: fslr can go back to 100
Dons hobby iamiamOP: Dam I am great post my friend, I always appreciate you and I hope you know that my friend. I have a question, I have about 30K in slabbed silver and gold coins. More Silver than gold about 20K silver 10K gold.
I am going to keep them In was wondering what you thought about in your hand slabbed graded most MS 70 a lot of First day issues and High cameo relief coins. What do you think about the future of this kind of silver and gold I am ? Just wondering when you think because I value your opinion always my friend.
eldemoniodejaime : Nah go all in! Don’t be a … (jk) but seriously go all in!
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