UPDATE May 3rd
I'm going to do Nasdaq futures, QQQ, Gold, Oil Silver, UUUU, and IPI/MOS
There is always the possibility that I am wrong so I will share some strategies as I go, to play both ways.
Also at the end iam going to leave all the stocks Iam buying.
$Invesco QQQ Trust (QQQ.US)$ I got the selloff wrong, I thought it would sell Monday then rally. I'll take a rally Monday and Tuesday before a selloff. This is a BEAR MARKET and these are oversold, relief, suckers (I dont like that term because if you day trade you can make a bundle) rally's, and not sustainable in this environment.
There is always the possibility that I am wrong so I will share some strategies as I go, to play both ways.
Also at the end iam going to leave all the stocks Iam buying.
$Invesco QQQ Trust (QQQ.US)$ I got the selloff wrong, I thought it would sell Monday then rally. I'll take a rally Monday and Tuesday before a selloff. This is a BEAR MARKET and these are oversold, relief, suckers (I dont like that term because if you day trade you can make a bundle) rally's, and not sustainable in this environment.
$Energy Fuels (UUUU.US)$ That's a bottom, oversold, pushing the lower bollinger and landing on the trendline with a nice hammer![]()
Oof $Intrepid Potash (IPI.US)$ Bounce then drop We flew too high, now we have to come together with our Moving Averages and trendline. I expect a relief rally before a further sell down.
$The Mosaic (MOS.US)$ A sell down to the 100 (red)? after a bounce I think
$Micro Silver Futures(DEC4) (SILmain.US)$
Silver is back on!
3 days of being oversold, hitting that double bottom, and closed with a hammer on $iShares Silver Trust (SLV.US)$
Silver is back on!
3 days of being oversold, hitting that double bottom, and closed with a hammer on $iShares Silver Trust (SLV.US)$
Bonus $Sprott Physical Platinum & Palladium Tr (SPPP.US)$ Platinum & Palladium!![]()
Oh man that chart!!! A triangle within a triangle! ![]()
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*edit, I forgot oil and gold![]()
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I had the charts, just too tired![]()
(and no one called me out on it![]()
$Crude Oil Futures(JAN5) (CLmain.US)$ Oil doing oil (see any previous post). Now triangles can break down. And I may actually be temporarily bearish on this triangle to break down to $91-92 (only temporarily to let all the indicators cool down and MAs to catch up)
Triangles will break 99% of the time. If you would like to make money and be safe, and can understand option basics -
*buy a call and a put. when the stock breaks sell the loser and hang on to the winner until the momentum slows. Buy at the same strike or split them (buy an out of the money call and put, when the triangle breaks up sell the put, if it breaks down sell the call) this works but you must watch for the break.
$Crude Oil Futures(JAN5) (CLmain.US)$ Oil doing oil (see any previous post). Now triangles can break down. And I may actually be temporarily bearish on this triangle to break down to $91-92 (only temporarily to let all the indicators cool down and MAs to catch up)
Triangles will break 99% of the time. If you would like to make money and be safe, and can understand option basics -
*buy a call and a put. when the stock breaks sell the loser and hang on to the winner until the momentum slows. Buy at the same strike or split them (buy an out of the money call and put, when the triangle breaks up sell the put, if it breaks down sell the call) this works but you must watch for the break.
Gold $E-micro Gold Futures(DEC4) (MGCmain.US)$ $SPDR Gold ETF (GLD.US)$ +Miners
Iam waiting for the drop to accumulate more, I like gold for a breakout in the next few weeks, after this drop concludes.
*Also look at silver lead gold now![]()
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CLOSE THE HISTORIC RATIO (the historic silver to gold ratio is about 15 to 1. ie it takes 15 oz of silver to buy 1 oz gold - currently we are around 85 to 1!!!![]()
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Iam waiting for the drop to accumulate more, I like gold for a breakout in the next few weeks, after this drop concludes.
*Also look at silver lead gold now
Now way too early VIX and NQ, I will update after my nap.
$VIX Index Futures(DEC4) (VXmain.US)$ Looks like another mixed to bullish day. But looking for a breakout later.
$VIX Index Futures(DEC4) (VXmain.US)$ Looks like another mixed to bullish day. But looking for a breakout later.
$E-mini NASDAQ 100 Futures(DEC4) (NQmain.US)$ Longer trend bearish, short term mixed to bullish
IAM BUYING - PSLV, SPPP, SLV (options), UUUU, DNN, VIX (options)
iam really watching Gold, and an 1836 mark - that means miners also, a little more downside first. (IAM always buying physical)
As always good luck![]()
iam really watching Gold, and an 1836 mark - that means miners also, a little more downside first. (IAM always buying physical)
As always good luck
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BruceLin8 : A little confused. So you think Nasdaq will keep going up or down after Monday
扶不起阿斗 BruceLin8 : it's just a trade. up then down
iamiam OP BruceLin8 : up this session, probably down Wednesday, as of now
iamiam OP 扶不起阿斗 : yes, thank you![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
user77248281 : good to buy calls for slv today?
iamiam OP : made an edit and added oil and gold
iamiam OP user77248281 : oh yeah! good entries - go out to at least mid/late june and sell when this pops, don't hang on too long![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
if you buy june options sell them within 2 weeks or so.
user77248281 iamiam OP : based on your charts, whats a good call strike price for $iShares Silver Trust (SLV.US)$?
user77248281 iamiam OP : if better please share the plays![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
, need extra money to buy $Occidental Petroleum (OXY.US)$!!
iamiam OP user77248281 : I like the July 15, 23 call particularly but you could go safer and buy the 20-22 calls also I like that range. And if you'd like to be even safer do a spread and sell the 25 call.
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