UPDATE November 22, TURKEY WEEK - GOBBLE! GOBBLE!
once again I started this post on Friday and never finished, I will leave it untouched and add to it. I am actually a little relieved I didn't post it until now, as I would hate to have someone go blindly into a huge news release tomorrow (TODAY). Because I could always be wrong. That said here we go- Long post lots of tickers -
There are still plenty of reasons to be BEARISH🐻 and plenty of time.
but why be bearish when it can feel so good to be BULLISH !!! Let's GO!!!!! Shake and Bake!
If you can't tell iam excited for next week (here is a secret, we could still go down, and I will continue to buy, but i think it's big UPs coming) US Thanksgiving is Thursday, so the markets are closed, and trading ends 2 hours early on Friday. With a shortened week and what I predict to be low volume I think the markets will run.
in fact, yesterday I called my broker, accountant, and retirement specialist - iam out iam leaving the market ![]()
a second retirement, and a shift back to my comfort and safety-
but first, an EXPLOSION! Everything is set up, just one problem. in order for me to move my retirement accounts, I MUST SELL! If you have not followed me, iam holding OIL, STEEL, ENERGY and some Pharma all at well over 100% gains (this is my area, I've been holding and investing for a long time) What a better time to sell than when they are near all time highs! and I know a secret - oil is topping, and by top I mean collapse, it's weird and only makes sense in a market view. But there is a shift coming, back into the beaten down stocks and away from the runners (oil, certain energy,small caps, but NOT nat gas, nat gas will run) oil is most likely going to drop, while oil stocks may get one more run, to let the last of the big holders out (yeah me), and the unsuspecting investors in.
*As a note I have sold my Oil and Uranium (Uranium stocks will fall but DNN will rise) and moved most of it to GDXU on Monday... i couldn't force myself to sell XME or CLF and some select others (CLF WILL RUN, and XME is a metals and miners ETF so why not hold and sell when I sell my GDXU ![]()
the charts are up to date -
$Crude Oil Futures(JUN4)(CLmain.US$ from last week
from today
$Schlumberger(SLB.US$ Keeps getting rejected off the trendline
$Occidental Petroleum(OXY.US$ Same as SLB
$SPDR S&P Oil & Gas Exploration & Production ETF(XOP.US$ All the bigs in this one, saves me a bunch of charts.
So knowing all this, I lined the timing up. iam selling it ALL! Switching to GDXU to run that up, where I will move to SQQQ for what should be an epic sell-off!!! and then iam out.
my post from early Nov, iam still sticking with it. I want to see an explosion up, followed by an epic sell-off and then it's time for a Santa rally
I predict this is going to be EPIC!!! the perfect crescendo! so for a moment forget all the reasons to be bearish
get in tune with the music, Big money has moved they have gone short through Jan (these are protections, but they will move the market, just not yet) and sold long calls. Here's the catch with that, who did they sell them to? MMs because most of the dumb money was going short. MMs don't lose money so they have got to entice you to buy them. how do they do that? by running it up! The calls are getting expensive on certain stocks.
FOMC minutes come out Wednesday at 2pm EST when most traders will be gone, remember, market is closed Thursday, I believe something, good or bad, will set of an algorithm... iam positioned for a "good" report - LONG! GO BULLS!!!... in this case I believe the algo gets set off up, and triggers algo shorts to start covering. This is contrary to many friends and fellow traders, some I look up to, but I know why they won't be bullish, they can't - not be bearish.
- And that is where I ended my post. Pretty high hubris, I know... So that is my theory and my LONG play (with my retirement account, I dont mess around with my retirement<s>![]()
) this is my account, no options only regular market hours with mandatory settlement period and limited investment (ETFs and some stocks above a certain cap) *that's why GDXU 🧠 leveraged ETF acts like options
Ok now the charts, and as I was updating my charts I noticed something, moomoo did most of the work for me ![]()
nearly EVERY stock I looked at had a signal on it, so let's look at them. I threw some different tickers in just because I wanted to see if my theory still holds up.
first up Rapid Fire energy;
$Antero Resources(AR.US$ Nat gas
$Laredo Petroleum(LPI.US$ nat gas
$Energy Fuels(UUUU.US$ Uranium
$Uranium Energy(UEC.US$ Uranium
$VanEck Gold Miners Equity ETF(GDX.US$ Gold miners ETF - I use $MICROSECTORS GOLD MINERS 3X LEVERAGED ETN(GDXU.US$ 3X leveraged BULL
Miners and energy done, let's look at some others-
$Ishares Iboxx $ High Yield Corporate Bond Etf(HYG.US$ "Smart" money, has been bullish
$Apple(AAPL.US$ Largest component of QQQ, SPY
$Southwestern Energy(SWN.US$ Another one that I hold in my retirement, I haven't sold yet.
$Union Pacific(UNP.US$ A transport, if you know DOW theory, it's that if DOW transports fall but DOW goes up, it's a false rally. That's not looking very false to me.
$Amazon(AMZN.US$ A beaten down giant
iam off to work, down the snowy mountain I go. Be safe, be wise, be careful and as always
Good Luck ![]()
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warrior-sailormoon : Thank you for ur great sharing. Stay safe
Golden_Spoon : iam, what is your criteria when you run your screener?
iamiamOP Golden_Spoon: those are pattern screeners, if the pattern appears it shows. you can set all kinds of criteria, I dont usually if I do its market cap
TinkerB3ll : Thanks @iamiamalways good to bounce off ideas from you
icezzz : Thanks bro iam. For tsla, how to do 9 counts ? any pattern or method?
iamiamOP icezzz: I would let moomoo do it, if you were to do it yourself it's a pain because you have to go 4 days back and each one has to be lower or higher than the 4th previous.
Mike Obama : happy Thanksgiving. be blessed!
iamiamOP : yes a sell down, take that morning steam out of the market, everyone take gains, and wait for news at 2
icezzz : Is it too late n high to buy GDXU now?
iamiamOP icezzz: NOOOOOOOOO
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