THE UPDATE Mar 10
A review of Friday done on a Saturday and posted Sunday 🙄 I apologize. this started out to be a quick overview but turned into much, much more 😅. This is written over multiple sessions, so the style changes. Hang in there it may be worth the read 🤷 this turned out longer than I had planned, but my best ones often do 😉
Alright... I know, a complete bother. this iam guy 🔴 filling up Moomoo with his memes and junk 😆 so, what's more junk 🤷 I'll give this a go and see if moo all like it...
♤ THE INTRODUCTION
First, a little background. i notice i have more views, and therefore, i feel a need to offer a bit of background...
My posts are a story. I tell a story of the markets. They build off of each other. I do not see the markets as an arcade or a casino. I use them as one, but I do not see them as such. Arcades and casinos are meant to draw you in and hold your attention just long enough to keep you engaged while continuing to pour money in, the entire time advancing very little or most likely losing it all. And like most casinos i visit, I don't give money. I take money 😉.
I have several different accounts for different purposes. I have a serious retirement account, an aggressive retirement account, an aggressive leveraged account, a safe leveraged account, a fun account. I withdraw every time one of my accounts doubles (unless it's a retirement account). I withdrew for the 3rd time this year, soon to be 4. Last year, it was 8 or 9 times, maybe as many as 13 (I forget, I'm old 🫠). Sounds crazy but one retirement account finished up 1030%, that's up from 386% the year before and 169% the year before that. (I think those numbers are correct. Going off the top of my head, they're close)
anyways...
Rather than tell you what games are offered at the casino 🫴 I tell a story... It is a story of the markets...
As I make my journey, I share what I see and how I interpret it. I tell you where the trip is going. But like any journey, I can give you a map, a compass, and the destination. But the market chooses the path. In other words, time is the hardest thing to predict. Focus more on the destination and less on the route it takes to get there... In my former life 😄 if a contractor approached me with
"This bridge COULD span the distance and it MAY support the weight and we MIGHT do it on budget"
Then I would tell them they didn't have a contract 😆 But in the realm of finance, those are the only words allowed 😂 its a completely different way of thinking and writing for me. I do these posts because I like to help. I'm personally successful and offer free advice to anyone willing to listen. I have no children and no one to pass a lifetime of experience and knowledge to. i seek nothing in return...
shameless plug 🤣
Although I do ❤️ the moomoo rewards. If you have never ordered anything yet, they are of great quality. I'm shocked every time 😆 I want to know who makes their shirts 👕 and when they are having another "sale" on them in the rewards 😁 I just received the neck pillow and love it (more than my dog 🤣). I'm annoyed I destroyed the plastic tote it came in 😤
Doing these posts helps me to straighten my view and narrow my path. They help me to maintain focus, and they give me a creative outlet. No one ever sees my art or reads my works. I have no other media services and am actually quite technically "old" 😁 I do not blog or tweet or whatever else kids do these days 😆 I garden, I grow, i trade, I wander the woods and streets with my dogs like Caine 🥋😂
I live MY dream
************** 🎵🎵🎵
My garden is all overgrown, and the weeds are creeping up on my home,
Grass has grown over two foot high, and the trees are blocking out the sky.
French windows won't open any more - from the moss that's grown outside the door,
Hundred birds are nesting in the trees. It looks like a wildlife sanctuary.
Grass has grown over two foot high, and the trees are blocking out the sky.
French windows won't open any more - from the moss that's grown outside the door,
Hundred birds are nesting in the trees. It looks like a wildlife sanctuary.
But I'm not going to cut a single blade of grass. My garden will look just like the distant past.
Before the days of agricultural land, before the time when $BAYER AG(BAYZF.US$ poisoned the land.
When I leave this house, I'm going to stay, I'm forsaking my comforts to live another way,
Before the days of agricultural land, before the time when $BAYER AG(BAYZF.US$ poisoned the land.
When I leave this house, I'm going to stay, I'm forsaking my comforts to live another way,
Get my clothes from beasts, my food from limbs, my water from ponds, and have tramps for all my friends.
************
I go for several walks during the day. Today, while I was walking, shortly before close. I was having a conversation with myself, as I often do, and it occurred to me to have this conversation with moo. 😁 This is a jumble of my thoughts put into a post in between walks and slow cooking a berry cobbler in the Dutch oven with Trading Places on in the background and Steely Dan on vynl 😋 I don't proof read so forgive any errors spelling or otherwise. If you notice one (other than spelling, or maybe spelling if it's egregious) let me know.
So now. let's slide on down 🎵
♧ THE END?
You were very high
You were high
It was a cryin' disgrace 🎵
You were high
It was a cryin' disgrace 🎵
What a day! that was something, huh? 😳 Everything was going perfectly 👌 QQQ hit my 448 target on its way to 450, the NQ had passed 18350 on its way to 18500, and I was long and loving it ❤️ 🤑 we started to pull back, so naturally, I took profits. We declined nicely 38% from the move and had formed a 3 wave down. Momentum was good. We gathered a base, and I had just gone long again .... then went for a walk 😆 Yeah, that's how arrogant iam 😅 When I returned several minutes later, I sat down and saw QQQ had broken my base point and was heading lower. 😢 Panic SALE 🔥😆 Luckily, I made it out, losing only a couple thousand. 😌 ... The point is, Have we topped?...
Yes -...
This wave. 👏... BUT waves are like busses. If you miss one, there will be another one along shortly.
Here is Nvidia. on a 5 minute chart. The move today completely wiped out the entire week of buyers.
I knew going in we were going to have problems at some point today. We had passed 800 quickly and were on our way towards 1000. That was my high target. I thought we would get a pullback after 836 but before 1000. That was correct, just Sheesh. They took us almost right to my high target.
Here was a response from the night before when nvidia was riding up after hours.
just an FYI, I won't tell anyone what or when to buy or sell. I can only say what I am doing or will do. Or show my opinion on a chart.
This is what I was looking at, until I sold at 964 and never looked back. As a reference, red bad, green good, white is trendlines.
Here are Nvidia charts
We completed the cup. Good job! Nice work, Congrats, We'll done. Now sit back chill relax. Take a breather, and go on vacation (you just got all that new 💵 cause you sold, right?). Now we cool off. we pull back.That was one hell of a run. Now, let's sit back and let it collect new liquidity as it builds a handle. I will come back when the handle fills out.
Daily
let's come back and close that gap in the 600's.
OK, so that is Nvidia. How about qqq? And how could I have been so smart to sell Nvidia but so dumb to buy QQQ? 🤔
And here is what I thought;
It had broken above the mid bollinger, and the upper and lower bollingers were pinching (a move was coming), I had warnings but ignored them 🤦🤦🤦👉🤯
The Qs are done also. This is a bad combo if you ever see it
GAP UP - NEW HIGH - CLOSE LOWER
Where are we going next?
Down 😆
But not right away.
First they must rope-a-dope you.
I'm looking for another drop or continued drop to ~435 mwybe as low as 429 (that would be sweet), breaking the trendline and getting everyone and their dog to go short. Then we rip back up. To new highs?... I don't think so. ~444, maybe 445, maybe only 442 (nice car). And then the "BIG" drop. To 420 or 408. Possibly lower, we will see as the path unfolds.
Here is the daily chart. We have stayed in the upper trend. The last 2 highs failed to touch the trend - what does that mean? - it means the rate of advance has changed. The top is no longer straight up. It's more like a fishing pole, bending at the weight on the end.
Its ready to hook all the retail, and then MM is going to set the hook 🪝 on all the dip buyers and watch them run to the 442 level (or higher) before tiring out and unable to let go of the hook, eventually being reeled in and eaten.
The drop will be led by the leaders. Semis, AI, Cloud, Cyber Security, Housing. While the leaders fall, new leaders will rise.
excellent breakout from that triangle to new highs and a blow off.
teetering to a drop
completely broke the trend and failed the retest to get back in. we going down. Somebody didn't give enough to the campaign 🤣
the homebuilders
Maybe just a brief drop.
will get a bounce. I was going to put this in the new leaders, but after just glancing at the charts, I can tell it's going to be a dead cat bounce. (Why it helps me to write these😉). I wasn't going to show it, but now I think I will, if only to show you what I see.
Daily
after this bounce to ~180/185, it should fall "quickly"* back to 145 ish.
*remember what I said about time...
◇ THE ROTATION
Who will be the new leaders? 🤔
I DO NOT CARE ABOUT ANALYSTS OR NEWS, I READ CHARTS, THEY TELL ME THE NEWS BEFORE I READ IT...
The laggards and the little guys. When Tom Lee comes on CNBC and says, "Small Caps could run 50%" he may be right. But like anything else, YOU MUST BE SELECTIVE! because they must be in the correct sectors.
Know the sectors that money is moving to. I'm a macro guy. i do some long waiting. I have multiple accounts, but my main one is long holds. I rotate it slowly. Right now, I'm not rotating. I'M DONE. The die have been cast 🎲 🎲 and the path is set.
INFLATION 🔥 has been chosen.
HONEST TIME ⏲️ 🤣
By this time at night 🌙 I'm pretty high, my throat is dry, and I'm pretty high.
Steely Dan is still playing, and I'm looking at the charts before I write this next section... I'm going to eat some cobbler and come back. Here is my thought before I come back and finish. THIS NEXT MOVE IS GOING TO BE HUGE.
✌️ ❤️ 🖖
Most investors don't accumulate and hold sectors for years. Most rotate. And most do it through indexes and funds. In other words, the big crowd money doesn't care about something until it has a reason to care about something, and now, they have a reason to care.
Did anyone listen to the State of the Union????
Tell me, did Burden say anything that sounded like budget cuts?... OR ... did it sound like a lot of different ways to spend new money? He's running for reelection, and he's losing. He's going to spend your tax money on anything and everything to stay in power.
🔥INFLATION 🔥
MINERS & CRYPTO
Miners? iam, you've been saying that for years...
Why miners? why now?
Because the metals are breaking out
"Margin call gentlemen... You know perfectly well we don't have that in cash..."
Monthly
Weekly
Breaking out of the triangle. iam buying any pullback.
Monthly chart. oh boy, oh boy, oh boy 🥹
Weekly 🫀🥁
Monthly
Weekly
This my fellow mooers is a falling wedge. The big ol' wave came all the way back to grab some more passengers. It is crucial to understand what happens here so you can see it in the charts. This is an exchange. It is THE exchange. Those that bought at the top and that wanted out are out by now. those that held at this price in 2017 now must make a decision. Some panic and sell because they think they may get this one last chance to make a profit. Others, like me, BUY THIS. This has fallen back into my lap at 1030 dollars 🥹 its time to find all the banned Russian Ballerinas I can get my fingers on 😄 my friend just returned and brought me a nestling doll chess set. I asked where my ballerinas were 🤣
platinum later...
Monthly
My futures have been happy. in at 3030.
Weekly
looking for it to close the cup around 5000.
If new money is coming in, won't stocks run higher?
YES!
But not yet. At least not the same ones.
The new ones will run. The ones where money is going.
Where is the money going, and why?
INFLATION 🔥
With the money printer on and rates sustained (not going higher), inflation will run rampant. You'll see it in the commodities, and it feeds on itself. Do you know what makes silver more expensive? The cost of getting it out of the ground. The problem the world is facing with commodities is that we printed all this funny money and flooded it everywhere. Now, all that funny money has an expense to carry. If you want money, you have to pay a lot for it now, plus collateral. Instead of throwing it around like candy, they actually have to monitor and make sure it goes to something offering a greater return than the cost to borrow. It starts going to real things.
What REAL things is money going to?
Let's go through Burdens forecast of where he's sending your tax dollars.
1.) War. Yep, we got lots of them. He's like Oprah on the war front. "You get a war, and you get a war, EVERYBODY GETS A WAR!"
the war machine gets funded
The generated charts are Fridays action and my charts are the Weekly.
2.) INFRASTRUCTURE & ELECTRIFICATION (whether you like/ want it or not). He was talking credits and building out electric infrastructure. Electric Infrastructure... who all agreed to use whose charging system?????????
Daily
Honestly, I sold it today. I made a small profit, after I sold it I regretted it. I wanted to free up some cash so I could enter some more future positions. We will see how this goes. right now, I'm upset about it. This is a revisit of the 2000s for CSCO. The US has been and will continue and accelerate the spread of networking to more and more communities in the "flyover states." Propaganda must be spread 😂 This should make new all-time highs.
Monthly
Weekly
Daily
Daily zoomed in
Monthly
Please 🙏 notice the patterns. You will see the same patterns over and over. train your brain to see them. Patterns correspond. What happens on a 5 minute chart happens on the hour chart happens on the daily and the weekly chart. It ripples up and gets distorted in the same continuous pattern.
Monthly
See the patterns repeating????? 🤓
Daily
Completed the cup. Ready for the handle pullback. Otherwise called "The loading zone" 🚚
3.) Pharmaceuticals. NOT providers. Discoverers
like
Monthly
Weekly
Daily
Daily zoomed in
I sold my calls for 5X. iam waiting, watching. ~143 on a pullback to reenter.
A little flyer I have been accumulating for a while. They own a lot of patented pipeline drugs. I'm betting on a buyout or major approval 🤔
OIL
Monthly
This is where it gets weird. Oil is tied to the dollar. So it is going to go down. But something is amiss. Because that's going to be a fake out before the breakout to monster numbers 😒
Weekly
Daily
While oil may swing, oil companies, especially small an madcap should run.
the kings in the oil industry
the main holdings are
Weekly
Daily
Weekly
Daily
I'm not even going to draw lines. Can you see that it is breaking out?
It's a cheaper version with similar holdings
Same, can you see that breaking out? it just grabbed all that liquidity in that huge zone. Now it doesn't need anything. It has all the fuel it needs for a massive move.
♡ MY POSITIONS
What I've done. What I'm doing. What I plan to do.
I have a general rule..... All rules can be broken, and hard rules leave no room to maneuver.... but one of my general rules is to not buy on Fridays... Normally I sell on Fridays. Mondays and Fridays are sell days. Wednesday is buy day, and Thursday is confirmation buy day 🙌... Today I bought. I bought a lot. There was blood in the water
and iam what iam
and I do what I do
Daily
How much lower do they think they could push this? Who is going to sell? Are they going to drive it to 15 again to scare me 👻 oooohhh, I'll buy more. This is such a no-brainer 🧠 it hurts.
Weekly
just accumulating
Monthly
Weekly
Weekly
I made a mistake instinctively buying this. This has a lot more downside to around ~4.80.
Weekly
I have a long history with them 😂 a go to buy for me. Long ring the silver mountains!
FUTURES
my futures position... I sold my
at 4005 🤣 and I'm waiting to reenter
at 18380
I'm getting ready to add to
let me show you how I do it. This is not advice. It's probably wrong and requires a lot of margin. But I trade early losses, heavy margin requirements and sleepless nights for massive gains and an eventual ✌️🖕 to the other end of the trade (bankers).
Platinum futures move 5 dollars every .1 dollar. It is currently around 900 dollars. so if it goes to 901, that's 10 points. 901.1, 901.2... for 10×5= 50 dollars. if it goes to 910, that's 500 dollars. Inversely at 890 and you need 500 more dollars for margin requirement. Hence, the heavy margin losses at first as this swings 50 dollars.
Here is why I'm in platinum
Monthly
Weekly
Daily
Daily Zoomed in
Here is my trade
I sold all my positions on that big spike. I don't like big, sudden spikes. I think it was around 928. I'm waiting for it to finish coming down. It has come down for liquidity. I would like to see one more drop. but will enter a position after futures open. My guess is that it gaps up because it closed above the mid bollinger, and they are pinching. When it cools, I will enter a starter position. Remember, I can absorb losses to start. My stop out is 910. That arrow I drew is not correct. I believe it will go up, drop back down, and remain in this zone, picking up liquidity before it breaks out. You can wait for the breakout. But I choose to hold and add positions at lows. When the breakout comes, I can sit back in the easy chair and watch my account grow.
for shats and gaggles, here are some pennies that the group is in...
Weekly
Weekly
If you like this idea, let me know. Encouragement is nice, rather than always throwing flashlights into the darkness, hoping someone finds them.
♤ ♡ IN CLOSING ◇ ♧
Taking a quick account, this post took me roughly 19 hrs. it is now Sunday morning, iam sick, and one eye is swollen. Looking at screens doesn't help 😁 I'm pretty happy with this post. If you like it, let me know, and I appreciate the feedback. If you have any questions, feel free to ask, and I will try to answer the best that I am able. I also have a group that I'm too active in 😂
this is a link to my story that moomoo did some time ago. it just gives a little glimpse of my background.
Be Safe, Be Careful, Be Wise
and as always
Good Luck ![]()
The best advice I could give is to grow and raise as much of your own food as possible. or find access to it. NOT A STORE. More of a co-op. Eat healthy, don't eat out often, and don't eat packaged foods. Get a little extra when you do get food. Store what can be stored and leave it stored (don't eat it if you don't have to, build a food stockpile). Invest in stocks. INFLATION PROOF stocks. Make your assets at least keep up with inflation. On that same page, convert as much paper money into real assets as possible. In this order. Land, Gold (this is a general term for gold silver platinum, palladium, oil, copper), Stocks, and always trade up when given the chance, this especially means within the Gold term I mentioned. These 3 items level out with inflation. I will be able to trade the same amount of gold for land, but in paper dollars, it will be much, much more.
🎼 My back to the wall
A victim of laughing chance
This is for me
The essence of true romance
Sharing the things we know and love with those of my kind
Libations, sensations
That stagger the mind
A victim of laughing chance
This is for me
The essence of true romance
Sharing the things we know and love with those of my kind
Libations, sensations
That stagger the mind
You say it's a crazy scheme
This one's for real
I already bought the dream
So useless to ask me why
Throw a kiss and say goodbye
I'll make it this time
I'm ready to cross that fine line 🎵
This one's for real
I already bought the dream
So useless to ask me why
Throw a kiss and say goodbye
I'll make it this time
I'm ready to cross that fine line 🎵
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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Engineer, Commodity Buyer, Alert Bettor,
Tesla 🌬 Commodities BULL🐘 Precious Metals Dragon 🐲 and OIL Trumpeter 🗣🎺
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Taurus27 : Thank you for taking the efforts to share with us your thoughts. Do rest well .
101633546 : thanks for the UEC update!
TinkerB3ll : Rest well and enjoy the rest of the Sunday evening.
SL99 : I've learned a lot. Although I still don't know much about pictures, I will try to slowly learn to understand them. Thank you so much for sharing and spending time
tpearly : Much love kind sir! Thank you for your thorough insights, poetry, images, and chart patients. I took a lot of screenshots to study on the desktop as I'm reading this on mobile. Like many others, we look forward to your insights. Christ bless you.
SL99 : Do you think Nvida will continue to fall on Monday?
Kvin : Thank you for the post.
iamiamOP SL99: all day? no at some point it will bounce. it will find the 5 MA at some point.
iamiamOP Kvin:
SL99 iamiamOP: Should I sell it or keep it when it reaches 5mA? I'm so sorry for so many questions, I'm a newbie
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