UPDATE July 20
Long time no post, I hope everyone is doing well, both mentally and in the market.
The market has been a giving tree for me, but mentally I need to sleep![]()
My rally finally broke and had that big day, 301 is my rally top, could it go higher - absolutely, it's my top and I started short positions today near close (not sure when I filled but I filled)
First off the dollar, the dollar is pulling back fueling this rally. $USD (USDindex.FX)$
The market has been a giving tree for me, but mentally I need to sleep
My rally finally broke and had that big day, 301 is my rally top, could it go higher - absolutely, it's my top and I started short positions today near close (not sure when I filled but I filled)
First off the dollar, the dollar is pulling back fueling this rally. $USD (USDindex.FX)$
the dollar has been rallying driving other currencies down, now a brief reprieve before the crushing blow with a rally higher. Can the fraudulent FED do the impossible and land this crash?
Here is a chart showing the exponential economic curve with FED liabilities - the FED is selling liabilities right now, it is shown on the chart when the curve goes "sideways", when they start to print the money catches up with the exponential growth curve again (without the money printer how will the economy grow![]()
). On the chart the very first sideways move is QE1
Rule #1 nothing goes up without coming down - it's gravity.... Especially an exponential curve!![]()
Rule #1 nothing goes up without coming down - it's gravity.... Especially an exponential curve!
What's going to happen when prices are sky high but inflation is down - because it's measured y/y m/m so as inflation goes from 9 to 10% that's only a 1% increase when it "reverses" and goes from 10% to 9 and they say they are winning are you going to feel better, or are you going to notice the 9% inflation went up ![]()
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$E-micro Gold Futures(FEB5) (MGCmain.US)$ Gold is back on the menu for a relief rally 1800'ish. This is an inverse dollar rally - ride and exit stocks, find and hold physical.
Silver ETF $iShares Silver Trust (SLV.US)$ I showed the gold futures and now the silver ETF, it saves me a chart, the ETFs follow the futures. Rally to 19'ish $Micro Silver Futures(MAR5) (SILmain.US)$
Uranium $Uranium (LIST2430.US)$ Pick a uranium stock any uranium stock, heres a few $Denison Mines (DNN.US)$ $Energy Fuels (UUUU.US)$ $Uranium Energy (UEC.US)$
HAHA it's back, TRADE ON!!!!!!!!!!!!!!! - for now
$Crude Oil Futures(JAN5) (CLmain.US)$ I said buy oil after burdens middle east visit, I predicted that will be the oil low.
Breaking the downtrend on the daily. And bounced off the 200MA
$Crude Oil Futures(JAN5) (CLmain.US)$ I said buy oil after burdens middle east visit, I predicted that will be the oil low.
Breaking the downtrend on the daily. And bounced off the 200MA
Weekly to show the long trend
$VanEck Oil Services ETF (OIH.US)$ It's been a while since I posted OIH, big rally coming!
$Schlumberger (SLB.US)$ Reports earnings on Friday premarket!!!
Let me share with you the secret of STEEL.... DUN, BUM, DUN...
the secret is that when the dollar falls steel rises.
The bigger secret is that when recessions and slow downs hit - steel rises, it falls then rises. This is an older chart and we have dropped from the rise at the end of the chart
The best secret is that when economies collapse steel rises equal to the currency collapse - people will always want and need real physical tangible things and steel is the strength of building materials. (in the collapse of the weimer republic steel bedpans were used as trade)
The bigger secret is that when recessions and slow downs hit - steel rises, it falls then rises. This is an older chart and we have dropped from the rise at the end of the chart
The best secret is that when economies collapse steel rises equal to the currency collapse - people will always want and need real physical tangible things and steel is the strength of building materials. (in the collapse of the weimer republic steel bedpans were used as trade)
$Invesco QQQ Trust (QQQ.US)$ This has legs on the weekly, could it rally longer and higher than 301, sure yes the weekly is pushing it, but I believe this falls and falls quickly and suddenly. As I said I started some short positions, sold some calls (iam ok losing those shares if the rally does call them away) and entered my VIX- finally! I sat patiently through hundreds of alerts.
But first the Q
But first the Q
$ChemoCentryx (CCXI.US)$ My previous posts analysis holds.
Way early futures, doubtful I get to update, but maybe. $E-mini NASDAQ 100 Futures(DEC4) (NQmain.US)$ I believe the Nasdaq will sell down going into open where it will probably rally (if it goes from overbought to oversold overnight)
$VIX Index Futures(DEC4) (VXmain.US)$ little triangle for a little breakout overnight?
That felt like a lot, that took a lot. As always
-Good Luck![]()
-Good Luck
Some can only see the storm. But there are those that see the perfect wave.
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Engineer, Commodity Buyer, Alert Bettor,
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Moooooo888 : Thanks for sharing
. Be waiting so long for CCXI 
TinkerB3ll : Yeah OIL!!! Let’s go!!!
TinkerB3ll : XME worth buying?
Imso : means uranium miners is a strong good entry buy now it won't affected by FED meeting next week for a huge drawdown again?
icezzz : Thanks for ur TA.
iamiam OP TinkerB3ll : I like it short term. XME should have a decent return. It should run close to 50 maybe a little higher or lower, then probably a drop off to below where it is currently, maybe well below (the final leg down is going to be awful). I wouldn't hold anything too long - taking profits is never bad... Hope that helps
iamiam OP Imso : they should have a good rebound but I wouldn't hold very long, the market is going to turn down again soon.
TinkerB3ll iamiam OP : Always good to check in with you kudos to you
Jason Jason8 : So you think uvxy's decline is only temporary?
iamiam OP Jason Jason8 : yes
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