UPDATE October 14
warning: meme heavy, ![]()
I'm in a good mood.![]()
It is that simple.
BOY WHAT A DAY nearly doubling some of my accounts in one day ![]()
.
$Invesco QQQ Trust (QQQ.US)$ How I see it going.
A better view. I won't know the late Oct low until I see the next high ![]()
I like the 250-240 range ![]()
but then the Santa rally...
$USD (USDindex.FX)$ the dollar is like Nelly...
That is all of the "important" information, in the very likelihood I fall asleep, but I will try to go until I can't.
I sold ALL of my short positions INCLUDING SQQQ (at nearly the bottom 68) and went long in OIL STOCKS, CORN (still), and TQQQ, later in the day I bought SNAP and CLF (after nibbling on positions during the morning)... In my retirement account that was OIH, XLE and GUSH. In my IRA it wass TQQQ, DNN, UUUU and CORN. in my fun and serious accounts it was SNAP SLB & CLF BKR. My SLB and BKR (oil suppliers) already doubled in a day. SNAP & CLF I bought near the end of the day.
$Teucrium Commodity Trust Corn Fd Shs (CORN.US)$ The "news" that China was buying corn from brazil was a trick to get your shares, the truth is China has a terrible corn harvest (along with Russia, Ukraine, US midwest) and they are buying from anyone... It's a commodity it's boring, if it rises 2% in a day that's a WOW, but in a few months (or sooner ![]()
) my bet - this is near 40 if not over or well over!
WHAT'S MY FAVORITE SEASON?
-
That's right EARNINGS SEASON!
$Cleveland-Cliffs (CLF.US)$ It is time
you knew the meme was coming!!! Oil could go down and the oil companies will still run into earnings. $Crude Oil Futures(JAN5) (CLmain.US)$
$Baker Hughes (BKR.US)$ I chose BKR because it was lagging while the others rocketed, today it rose 5.48% outpacing most other energy stocks.
the shorts I closed
$First Solar (FSLR.US)$ Probably has a little more downside but too volatile for me.
As always
Good Luck ![]()
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Engineer, Commodity Buyer, Alert Bettor,
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ReStart Hope : Good to hear that you are doubling your account in a day! Good luck! I am at few % higher as I am still learning where the market wants to go
Nevertheless, a green day is better than red day 
iamiam OP : watch us sit at 11079 near open, that's the breakout on NQ
iamiam OP : 87.19 on oil, 269.14 on QQQ
iamiam OP : bollingers are pinching/squeezing and pivot points are widening it's going to be a fun day! good luck everyone - off to work
Cat army : U r the master
Thelord : Is QQQ still going to rally?
icezzz iamiam OP : How long rally will be?
iamiam OP Thelord : it's trying - the HYG is trying to go up but the dollar is strong. it's a fight and the market is waiting.
iamiam OP icezzz : hard to tell, I expected a face ripper but chop was not totally out of the cards because of options expiry. I will know better when today closes.
iamiam OP : dollar could breakout, which would be bad but it looks like its rolling over.
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