UPDATE August 25th
Oh i have been waiting on this post for some time, for those that follow me I have said the rally could go to August 22 that was my target date and time is the hardest to pin point. I think we may see a little bit of a rally this morning maybe all day 🤷♂️ but then get 🐻 very 🐻 on everything NOT
Let me explain with charts...
*iam halfway through this and it is long, hopefully I stay awake. So
iam temp Bearish OIL but BULLISH long term, iam BULLISH GOLD/SILVER now and forever! iam BULLISH BABA you Dragon you, finally iam BEARISH NQ/QQQ + Mid-Caps and tech in general...
Back to my post- this is taking hours to complete, iam trying to be informative and "fun"? or at least interesting, onward-
HAHA!!! the NQ broke out hard as I was writing this $Invesco QQQ Trust (QQQ.US)$ here is my unfinished chart. I will skip this and go right to OIL, but first this is good this should burn out just as hard as it broke out hopefully 1 hour after open![]()
it had/has a gap to 321 I think we open with NQ around 13000 (there is no longer a 40:1 ratio![]()
) also QQQ around 315/316 then breakout to close the gap to 321, up from there and I believe it fails, I believe it fails no matter what but the higher it goes the harder it falls.
$Crude Oil Futures(JAN5) (CLmain.US)$ We had a big run. but guess what - HERES YOUR 2nd CRACK AT IT . Look at how far the candle gap is above the fast MAs and the trendline. Now notice how the fast MAs and the trendline are matching up at the SAME POINT - Amazing ![]()
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When oil reaches THAT POINT - BUY, BUY, BUY. Oil needs to cool off and retrace then it can BREAKOUT- big time.
You can pick your favorite oil stock or ETF (an ETF is a group of stocks managed by a professional in the sector, in this case various oil sectors). Here are some iam in. $Schlumberger (SLB.US)$
$VanEck Oil Services ETF (OIH.US)$ ETF mostly Schlumberger, Haliburton, Baker Hughes
$SPDR S&P Oil & Gas Exploration & Production ETF (XOP.US)$ ETF the big boys that everyone knows, Chevron, Xom, Philip's 66,
and because I'm a degenerate gambler at heart $Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares (GUSH.US)$ 2X BULLISH the XOP ETF. You don't need a chart it does what XOP does times 2.
GOLD/SILVER
Breaking out- iam glad I went on a buying spree yesterday (physical is ALWAYS the best way![]()
)
$E-micro Gold Futures(DEC4) (MGCmain.US)$ $SPDR Gold ETF (GLD.US)$ Spike or reversal, I think a spike, but see no reason why it wouldn't be a reversal.
Because iam a degenerate gambler $MICROSECTORS GOLD MINERS 3X LEVERAGED ETN (GDXU.US)$ in and out quick, 3X leverage on GDX and GDXJ
$Alibaba (BABA.US)$ 🐉Be the Dragon you are BABA!🐉I have been posting and buying BABA for a while and have started my MONEY Dance - and I dance well![]()
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The bad "News" timing was meant to take your shares from you not to inform you, now china is adding money (146B) to stimulate the economy, and BABA is introducing new material. BOOM
BABA already broke out, if you didn't know, it will probably pull back before open then explode up again - but we have broke out the gate
$Uranium (LIST2430.US)$ Pick a uranium stock any uranium stock I own $Denison Mines (DNN.US)$ $Energy Fuels (UUUU.US)$ $Uranium Energy (UEC.US)$
The price of silver and gold may fall, I will buy. There is an outside chance oil falls this would be on recession fears, the charts dont really show it. But it is a possibility.
The dragons are awakening- be prepared - be a Dragon protect what's yours. (that goes for stocks also![]()
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That was a lot, iam exhausted, As Always -
Good Luck ![]()
$Invesco QQQ Trust (QQQ.US)$ $ProShares UltraPro Short QQQ ETF (SQQQ.US)$ $VIX Index Futures(DEC4) (VXmain.US)$ $ProShares Ultra VIX Short-Term Futures ETF (UVXY.US)$ $CBOE Volatility S&P 500 Index (.VIX.US)$ $ProShares UltraShort QQQ (QID.US)$ $VanEck Oil Services ETF (OIH.US)$ $SPDR S&P Metals & Mining ETF (XME.US)$ $SPDR S&P Oil & Gas Exploration & Production ETF (XOP.US)$ $Energy Select Sector SPDR Fund (XLE.US)$ $VanEck Gold Miners Equity ETF (GDX.US)$
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Engineer, Commodity Buyer, Alert Bettor,
Tesla 🌬 Commodities BULL🐘 Precious Metals Dragon 🐲 and OIL Trumpeter 🗣🎺
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Buffalo : Do you think the Baba Dragon keep breaking the heavenly gate above 100 mark by the end of tomorrow or next week?
iamiam OP Buffalo : yes, I think we may narsai 100 today (not stay there but get there)
Mike Obama :
102619512 : what price can sell ?
warrior-sailormoon : Thank you iamiam
iamiam OP 102619512 : sell what?
iamiam OP :
sayno : Thank you iamiam![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Buffalo iamiam OP : You are super correct. The dragon finally broke the 100 heavenly gate. How long will it sustain?
iamiam OP Buffalo : for a while, we have a shot at 150-160, but 120 is almost a lock
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