UPDATE for April 19
A great day! Yes I'm short on Nasdaq, but there are such better ways to make money (I'm only short because it was easy as I exited), I'm also up nearly 3X so it's easy for me to hold through spikes like yesterday (up - down but I still ended up). Anyways let's look at where we are.
So much winning!
Oil! $VanEck Oil Services ETF(OIH.US$ $Halliburton(HAL.US$ $Schlumberger(SLB.US$ $Crude Oil Futures(SEP4)(CLmain.US$
Oil futures. MACD rolled over to bullish, DMA is turning bullish, there is room on the RSI to run higher. Came out of the triangle breakout and is setting up on the 1 yr trendline (violet), I expect it to challenge the 10 yr trendline (purple)
Oil! $VanEck Oil Services ETF(OIH.US$ $Halliburton(HAL.US$ $Schlumberger(SLB.US$ $Crude Oil Futures(SEP4)(CLmain.US$
Oil futures. MACD rolled over to bullish, DMA is turning bullish, there is room on the RSI to run higher. Came out of the triangle breakout and is setting up on the 1 yr trendline (violet), I expect it to challenge the 10 yr trendline (purple)
I set up the play. I hope some got in. Haliburton reports in premarket. the play was HAL through earnings. 👀 triangle going into earnings🤑
HAL play
Then move to Schlumberger who reports Friday during premarket. 🚨👀🚨 Setting up nicely.
Or if you want the safe way. OIH
Showing the weekly to highlight the "legs" this has. I expect this to reach ~414 that is my target!
Showing the weekly to highlight the "legs" this has. I expect this to reach ~414 that is my target!
The move was then from SLB to CLF who also reports Friday premarket. As you can see, I believe its getting ready for a breakout and my target zone is spotted.
CLF is acting like an impatient child. It wants to just let loose and run (look at those wild swings) but it is wisely being held back, gaining momentum, preparing for a reason to run (earnings Friday premarket).
"The secret of steel has always carried with it a mystery. You must learn its riddle, Conan. You must learn its discipline. For no one - no one in this world can you trust."-
On friday, Lourenco Goncalves (CEO of CLF)
On friday, Lourenco Goncalves (CEO of CLF)
will get on the conference call and yell out to investors, shorts and Crom that he knows the riddle of STEEL! The Electric fires will erupt with molten steel where the men and machines form it into large coils to feed the hunger to build. The workers load the STEEL onto STEEL barges and STEEL trains, where STEEL pistons drive the STEEL motors delivering the building blocks of Industry! 🏗 🚂 🚢 ✈ 🚜 🚚
CLF will explode on the news as investors rejoice and cheer the return to the age of STEEL 🏗 🚂 🚜 🚗 🌁 🏰 🏫 🏭 (loud deep banging drums)
Or you can play the safe way with the Metals Mining and Energy ETF, which is on a breakout.
Gold! $SPDR Gold ETF(GLD.US$ $Goldex Resources Corp(GDX.CA$ $MICROSECTORS GOLD MINERS 3X LEVERAGED ETN(GDXU.US$ $Barrick Gold(GOLD.US$ Breakout above 2000 again, it refuses to hold above for now (Manipulation, there are companies losing billions and they're just slow bleeding it* this is a long story but decades in the making🤑)
Showing the weekly, I expect price to challenge the mid trendline and hopefully set up on it to challenge the top trendline.
Showing the weekly, I expect price to challenge the mid trendline and hopefully set up on it to challenge the top trendline.
GLD on the daily, showing the breakout from the triangle. I expect it to challenge the trend, and hopefully breakout from it.
Barrick Gold GOLD, one of my favorite gold stocks. Lots of room to run, setting up on a bullish pennant.
$SPDR S&P Oil & Gas Exploration & Production ETF(XOP.US$ Oil - Nat Gas, still going!
$Energy Select Sector SPDR Fund(XLE.US$ Energy sector: Oil, Nat Gas, Coal, transport, processors, facilitators. Forming a bull pennant, still running
$Intrepid Potash(IPI.US$ $The Mosaic(MOS.US$ Potash! Fertilizer!!!
IPI broke 120! now onto 140! it just keeps going!
IPI broke 120! now onto 140! it just keeps going!
$CBOE Volatility S&P 500 Index(.VIX.US$ $VIX Index Futures(AUG4)(VXmain.US$ $ProShares Ultra VIX Short-Term Futures ETF(UVXY.US$ VIX continues to go down against all bullish momentum, I have to believe this is so that institutions can unload covered calls.
VIX showing all the bullish signals with the slight bearish divergence on the MACD
VIX showing all the bullish signals with the slight bearish divergence on the MACD
VIX main (futures) highlighting all the bullish signals with a possible triangle formed (triangles generally lead to breakouts or breakdowns) if VIX breaks down, I expect it to go to the trendline before recovering to bullish again.
VIX just looks like it needs to breakout.
NASDAQ $E-mini NASDAQ 100 Futures(SEP4)(NQmain.US$ $Invesco QQQ Trust(QQQ.US$ $ProShares UltraPro Short QQQ ETF(SQQQ.US$
Working backwards from the daily. Weak bullish divergence forming.
Working backwards from the daily. Weak bullish divergence forming.
4 hr showing more bullish divergences, still looks weak.
Starting to turn bearish. A little early for me but let's see. There are some tech earnings tomorrow I dont expect to go well.
As always Good Luck![]()
and I will update throughout in comments as NQ moves towards open, as well as gold and oil updates, and soon STEEL updates.
and I will update throughout in comments as NQ moves towards open, as well as gold and oil updates, and soon STEEL updates.
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Engineer, Commodity Buyer, Alert Bettor,
Tesla 🌬 Commodities BULL🐘 Precious Metals Dragon 🐲 and OIL Trumpeter 🗣🎺
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Redeem 106 : You are shorting NQ now?
iamiam OP Redeem 106 : I always have been. I am not opening new ones.
Redeem 106 iamiam OP : As in future? Aren’t we going to retrace now?
iamiam OP Redeem 106 : no I short the actual QQQ, I am not worried about a retrace yet.
Redeem 106 iamiam OP : Ic..
Markio1315 : I bought $Schlumberger (SLB.US)$ in previous quarterly but it didn't move much despite earnings beats. Market kind of expected it so it ties strongly with oil price. Oil seems to be consolidating. I thought will have a relief rally for a day or two will need to monitor today's strength again. Thanks for your generous sharing.
iamiam OP Markio1315 : previous quarter is different, the market wasnt ready for oil, it still believed in tech and inflation was transitory and oil price spike was just temporary it was going to crash, it didnt know better. but Big money doesnt move early they move when its certain, and they are moving now. This earnings cycle is going to be movement, I fully expect some to crash because big money is funny that way, but not the ones reporting this week.
Milk The Cow : Very chim (profound)![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
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Shuseido : Market is so green today?
iamiam OP Shuseido : yeah, green, but not strong enough for me yet
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