We have a Big weekend report, dealing with the BIG PICTURE, so let’s get right into it…
SPX – This is usually a topping candle, a ‘spinning top’ on the weekly. The markets have been very strong, so a pull back would be normal. We’ll see how this plays out next week in our daily reports.
DJIA – I have mentioned the move as resembling a ‘parabolic run up’. I was asked, “When do you think this will be the ‘end-the Blow Off top’? Please read the chart with its visual.
OIL COT – can you believe it. The OIL smart money shorts increased again.
WTIC #1 – We had our first down week since the break out. The COT indicates an ICL type pull back expected, and we are due, but Oil has been strong.
WTIC #2– A milder pull back may only back test that $60 area now, but we’ll have to wait and see.
NATGAS – I have not been trading NATGAS due to the constant choppiness. It is possibly trying to break free after putting in an ICL in December.
USD WEEKLY – The USD actually bothers me a bit here. Why? It usually has shorter daily cycles and as a result, it can put in ICLs at a shorter rate too, like 4-5 months? The last one was early September, so are we due for a stronger bounce? That said- look at the sell off from last January to September- it CAN sell off while bouncing around.
WE ARE LOOKING AT THE BIG PICTURE XME – METALS AND MINERS HAVE BEEN BULLISH FOR 2 YEARS NOW, THOUGH CHOPPY AT TIMES. We also have a new break out since the Dec lows.
GOLD COT – Golds COT climbed rapidly. If we get a dip into a dcl, it should drop a notch.
GOLD WEEKLY – The Big picture shows Gold heading for September highs. We had a doji candle and may get a dip into a dcl next week.
SILVER COT – The SIlver COT is rather neutral.
SILVER – The last 2 ICLs ran for 9 weeks, we are on week 5 – 6 if you include the lows. The last 3 weeks have been a sideways consolidation, possibly readying to break out.
MINERS BIG PICTURE
GDX – Personally, I feel that our first daily cycle was rather subdued, similar to the July run. We are still within this consolidation and I really want to see a break out from this sideways move. Let’s discuss this further…
HUI – The HUI also remains trapped in this sideways move. I would hate for us to stay inside of this move for another intermediate cycle and not break out until the next one ( May – June?), so we want a strong second daily cycle to follow this first one…
GDXJ – A break out certainly may happen during the 2nd daily cycle. Then the 3rd would probably show some strength too, as the buy the dip crowd would be encouraged. I CAN see this happening, and I’ll tell you why…
GDXJ – We just saw a ‘shake out’ at the apex of the triangle. The 2nd daily cycle could be the break out/ follow through needed. Also…
Lets’s take a look at some of the Leaders in the Bigger Companies- I ask myself, “Is this indicative of weakness or possibly the smaller Miners playing catch up?”.
BVN – Almost back at 2016 highs, this is a sign of strength to me. A consolidation that runs sideways for 1 & 1/2 years should have strong upside potential.
NEM – Newmont looks to be running to the 2016 highs too. If the 2nd daily cycle matches the 1st, it will be back at 2016 highs. Is that Bullish or bearish?
RGLD – Royal Gold already recovered the 2016 highs in the run out of the last 2 ICLs.
IMPORTANT TO THE BIG PICTURE- Just 1 more reason that I expect a bull run this year in precious metals. Compare USD lows & GOLD highs, and GOLD lows and USD highs. I am expecting the USD to sell off.
USD & GDXJ – In 2011, When Gold peaked, The USD bottomed & ran strongly as Gold & Miners sold off. Blue line = during a straight line run higher to the top in the USD, GDXJ sold off to the 2016 lows. I called that Gold bottom as an important Low in 2015, based on the YEN, USD, GOLD, and other areas. Now look at the chart.
I am very happy to have several new readers that signed up in December and January. I want to help them to see the VERY BIG PICTURE, so there will be even more deeper analysis below. It is a great review for all, so please take a look. For now, this is my current Big Picture View of the Markets.
~ALEX
OSTK – I have received quite a few emails now about OSTK. “I want to buy OSTK, I hear that its a great blockchain investment.” Yes, it is. That is fine, it has been very bullish, but first please ask yourself, “Can I personally handle this type of movement? ” In 5 days it dropped $20 in November. After bursting higher, it dropped $20 in December in 4 days! In January it hit $90 and then dropped $25 in 6 days. CAN YOU RIDE THIS TYPE OF MOVEMENT? If so- just buy the dip, it is making higher highs and higher lows.
GOLD & THE USD Chart #1 – Some have compared the 1993- 1996 sideways move in Gold to the current sideways move. I do see how GOLD looks similar coming out of that low, but then it rolled over. That raises the question with some, ” Is this the same set up, therefore indicating that Gold is about to roll over?”
That Gold drop in 1997 would be what happens next. In my analysis: I do not see this as a similar set up ‘time wise’, because the USD was bottoming in 1996-1997 and Rallied in to 1992 triple top ( upper box). In 1996 Gold topped as the USD bottomed. As pointed out before, currently the USD is breaking down.
To put your mind at ease, let me say in advance that I’m not picking on anyone here! 🙂 Someone in my comments section, an old friend, has posted more than once directly under my bullish comments about Miners that He feels that the Miners are in a bear market according to his charts. This raises questions among other readers, and I do have new readers with us too. So You too may have read where a reader has said to me a few times in the comments, “Until Alex proves to me that Miners are going higher, my charts say that they are in a long term bear market.”. Please understand that I’m absolutely fine with anyone being bearish Miners, but I was asked about my opinion and you pay for my analysis. Some of our newer readers want to see what I see that makes me so bullish. I will show my Bullish Big Picture again.
I have repeatedly said ( for 2 years now) that I believe the USD was topping, I had a special report devoted entirely to the YEN & GOLD correlation. The YEN bottomed, and Gold was likely putting in a very important bottom in Dec 2015. Now the USD has even broken down below the Sept Icl as expected, and that looks to me to be further ‘failure’ as the USD breaks down in the big picture.
Let’s me explain in detail how I view things again…
GOLD & THE USD chart #2 – The USD has ‘roughly’ 15 yr cycles peak to peak ( see magenta boxes in the upper level of this chart) . The USD has been in a decades long decline of lower highs and lower lows in this cycle. Notice that it topped in 1985 and Gold bottomed, then add 15yrs and USD topped in 2000, and Gold bottomed. Then add 15 yrs, and it started to triple top in 2015, and Gold bottomed in Dec 2015. Since then I have repeatedly stated that I expect years of a run out the lows in Golds Dec 2015, and years of the USD dropping down.
Conclusion: Gold bottomed around 1985, (Add 15 yrs) then bottomed again in the famous 2000-2001 lows ( add 15 yrs) and I think it put in a major bottom in Dec 2015. I expect Gold to run back to the 2011 highs once it gets going. THAT IS MY BIG PICTURE VIEW. Bear markets come and go, they start and end. I think the temporary bear market in 2012 to 2015 has ended.
NOTE: So back to the 1997 time period. The drop in 1997 came as the USD was at a low, and it was 12 yrs after Golds 1985 15 yr low. We are only 2 yrs after the 2015 lows, so I do not see it as a similar set up time-wise. 🙂
January 19th – Closing In 
January 23rd – Still Waiting
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Alex, thanks for the amazing work!! So much information to digest…great learnings. Will probably take the rest of the day to go through this a couple of times. Thanks for all your work!
Thanks Deshy,
And I do recommend going over it again. Even when I write them at night, I review them the following morning and am reminded of something that I wanted to keep an eye on, or it just triggers a thought when I look at the charts for a 2nd or 3rd time.
I myself will re-read this report Monday morning when I get up, just to refresh my thoughts before the market opens:)
As usual great report. What is the risk to load up stocks in the most depressed sector during capital loss season and wait for the next 3 months?
Low risk with potential profit. JMHO
Hi Roger, thanks.
I’m not sure that I am fully understanding the question, so I probably cant do anything more than throw a guess out there. The only thing that I can say is that the most depressed sector MIGHT not be at a bottom, so it could become an even more depressed sector over time?
Say for example that you decided to do this in the Miners bear market in 2014. You could load up on depressed Miners that dropped from $20 to $15, only them find then under $10 months later.
If that makes sense, I may not be understanding the question.
If it is a bull market, I am always fully invested during capital loss season.
Another excellent report with terrific analysis with wonderful.analytical charts to back up your beliefs. I think it’s obvious that the dollar is broken down and until it proves otherwise, has began another leg down. I, like you, think this will be tremendous for gold. Things can change, but until the charts prove otherwise, that’s where we are. I too welcome difference of opinions but my pet peeve is the statements of “my charts show”, or “a big drop is coming” without ever posting a chart where and why they show that. Just blanket statements without any substance to back up of why one thinks that. I actually enjoy everyone’s charts and TA even if I disagree. You do an incredible job at what you do and it’s shown repeatedly over the couple of years I’ve followed you. If I could give any advice to the new subs, follow Alex and learn all you can from him. The knowledge he puts out here is pure gold and well worth the costs alone not even including the gains one can make just following his advice. He’s the real deal folks, and he puts it out there everyday.
Well said Mr. Miller!
Wow Thanks Miller. I am truly humbled, and I appreciate your thoughts here.
I really do try to share my analysis and the reasons ‘why’ I am feeling that way, or seeing something as I do – so others can really benefit and learn from it. Thanks again!
Not only do you do an incredible job on the reports but you’re also available most everyday in the comments, updating, posting trade ideas and answering questions in real time. You go way beyond what one could reasonably expect for this kind of service. I’ve learned a tremendous amount from you over the years and my trading reflects that. (Hell I’m still sitting on gains left over from doubles and more made during the last bull run you took us through in the PM sector. Enough to have paid my annual fees alone. I sold initial investment plus profit and left free shares to ride) And the MJ gains were some of the best I’ve ever made. You deserve all the accolades I can give you and more, and I have nothing but respect and gratitude for what you do here.
Ditto to what Miller said so well. To anyone new here, if you missed it yesterday, Alex posted a round up of his basic lessons learned that he has shared…I have heard him say them many times over the time I have been here, but they were all together and all the things I am STILL trying to put into practice. I actually printed out a hard copy of this for my desktop this time! So here they are again from Alex himself:
“chartfreak1 Mod •
The Biggest difference in my trading came from learning not to ‘fall in love’ with a stocks, as they say.
So to sum it up, I would have a big basket of Miners ( Let’s just say that it was back in 2006).
I would read up on the companies, love the ‘future prospects’ and just love the company. If it started to sell off, I’d begin to hope or ‘wait’ for the good news, and the losses can really pile up as it drops for no apparent reason. The reason is obvious, Others are bailing out on me. 🙂
Most important lesson in my basket of miners became …
“Always cut your losers, there is always another trade!”
And that ‘other’ trade may be the same stock if it does turn around and recover & do well, but if the chart says that there is danger, I had to learn to cut my losses to keep the losses small and the gains bigger.
It is a hard lesson to learn and obey, it takes lots of practice. Once you sell a few & see how low they actually would have taken you, then you are thankful & appreciate it.”
Amen brother….
Thank for including OSTK. The recent lows have been rising so btd (buy the dip) might keep me from bbo
(being bucked off) 🙂 thank you for the weekender!!!
Thx Johnny- I have had a few requests for an easy low risk entry, but that thing moves fast in both directions. I just wanted to point that out and hopefully people get a chance to buy low (Sell high or ride it) 🙂
I’m heading out to be with some family & friends and see if there are any football games on today 🙂
Could be a tough one, and just so ya know – I still love all of my Florida readers out there.
Have a good Sunday all!
Sitting here at half-time reading your report. I’m a Giants fan so have to root against the Pats but I do wish you luck today :)!
You must be used to disappointment on both ends of that
-Giants Fans lately
-Rooting against the pats 🙂
Tru dat 🙁
Well- Been there, felt that!
When I was a kid, I was a Redsox Fan and a Pats fan, and the Yankees always dashed the final hopes of the season for the Sox. To us, It was the ‘Curse of Babe Ruth’ for years The Pats struggled a lot too.
I think for me, that was good conditioning for what may happen after the Brady, Belichick era passes. We just lost 2 excellent coaches as it is. I can already see the sun starting to set – lol
GoPats
Oh.. and good report.. I guess.
🙂
Thanks Alex. I love the BIG PICTURE analysis this week. That’s going to take a re-read or two!
I think someone mentioned a 2x or 3x miner that trades in Canada. Does anyone know of one?
HGU.TO and HGD.TO are 2x
Thanks Chap
Thanks for helping out Chap!
Alex is too polite to call me out by name, but as some of you know I am the “old friend” Alex referred to who said I’m personally long-term bearish on PM’s. I want to emphasize that my opinion is just that: an “opinion” not a fact or prediction. So take it for what it’s worth (not much). As I have said many times, Alex is the MASTER. For years I begged him to start a trading site like this so that others could benefit from his immense trading skills and thank goodness he finally did. Alex is a much, much, MUCH better trader than I will ever be so please follow his advice. I am! I am currently in JNUG because I agree with Alex that it looks bullish at least for the next few weeks. So that tells you I’m putting MY money where Alex’s analysis is. I hope I didn’t confuse anyone with my personal opinion on the long-term trend for PM’s. I am the first to admit that I have NO IDEA what’s going to happen long term. I never try to predict market movements more than 1-2 days in advance, and even then I’m often wrong. Good trading to all and let ALEX be your guide!
Well Steve, many new and inexperienced traders here take your analysis of gold and run with it, often disregarding Alex (or questioning him) because they THINK you are an expert when you clearly are not. Now that you know what kind of negative impact you are having on newer traders, perhaps toning down some of your sage advice would be wise.
Personally, I like to hear opposing views. Its healthy to not get too caught up in everyone’s opinion if they are all aligned.
As do I. But.im at a point where opinions really don’t.influence my decisions. I take everything with a grain of salt now that I am more experienced.
Yup, agree! Lets face it, none of us know which way the market is going to go!
Exactly!
And honestly- We can block anyones posts by clicking that arrow on the right hand side of their comment- It allows us to make it so we wont see their thoughts until we undo it.
I have had some people tell me that they use the ‘block’ feature to
block out someones comments that they feel confuses them or caused them
to over trade. I remember one person mentioning it in the comments here too. He actually stopped reading the comments for months, but then found the ‘block’ feature 🙂
It’s a personal choice available for those that would rather not see certain commentary
Its the button marked Maria!
who was it who we told to shaddap & use the block button if he found Maria too lewd? LoL
HA HA HA!!!!
Steve I believe you are the one that used the 9Ema against the 10Sma. And also demonstrated the mystery signaling shadows. I still use both of those. I know Alex is super, but I also appreciate you sharing your personal insight! Thank you!
Well, it wouldnt have been calling you out, because there isnt anything wrong with stating that you think they are in a long term bear, and I dont think that you are alone. I look at all charts posted , and I think I read every commens during the day ( I dont come back at night to read through, because they get a bit scrambled) – but I appreciate others opinions, and You Always put a disclaimer on your posts. You always seem to say, “this is just me, follow your own charts, etc etc “. It’s all good.
At times, you know that you post that right under my comment though, and so I get emails asking me to either prove things 1 way or the other. I think people are just curious when they ask me to show why I think MIners bottomed in a major way in 2016 , and why you post under my comments that you think it is in a longer term bear market.
Newer readers have no idea who posted what or even what I have posted over the years, so it made for a good review too. And who knows, MAYBE this weekend report will help you to see what I see too – lol.
Hi, Steve.
I have been here since the beginning and LOVE your commentary. You are very careful to point to Alex as the Master that he is.
Absolutely love all you folks here. Looking forward to another great year of learning, free speech and ideas.
Tonight my crypto portfolio is up some 40% thanks to Vechain. We’ll see what the morning brings.
I cant find Vechain where I look up the crypros, but all the other ones still seem to be dumping.
Is Vechain the only one you are in now?
CF, thank you for the OSTK analysis and thank you for another top-notch weekend report:)
Ur welcome – I had a pretty good number of requests after it was mentioned in the comments a few times.
It IS an uptrend, but it certainly has some large moves in both directions 🙂
That’s not Old! Old is when your mom took you to see Peter, Paul, & Mary sing Puff The Magic Dragon in 1963 & you were 8. Now that’s old! ( I don’t know who that could be but if I did….they would be old!) 🙂
😀
Love big picture view, thanks Alex
Thanks Steven
Thanks CF for the report
Hot start MJs
Was watching that CNBX sitting right on the 20sma.
I’d like to see if it holds as support. ( I sold 1/2 on the way up and want to add back in).
my core MJs look like they don’t want to go farther down but I would like to see a close at least above the 10dma
Yes,
And I was watching for a close above the 10sma on the BLOCKCHAINS too like RIOT, GROW, SSC, MGTI, etc before recommending them, and that is not happening
MGXMF is still playing out very well. I loved that wkly chart and felt that it would run from $0.80 back to that $2 area.
SO far it is already at the $1.55 area
Again very Good teaching ALEX, especially the 15 yr cycle….. thus good timing ahead of us.
THANKS a LOT !!!
Thx Geurt – I’m hoping that the 15 yr indicates Good times ahead 🙂
Abattis Partners with Vancouver-Based Craft Brewer to Develop Hemp-Infused, Cannabinoid-Rich, THC-Free Craft Beer
VANCOUVER, British Columbia, Jan. 22, 2018 (GLOBE NEWSWIRE) — Abattis Bioceuticals Corp. (the “Company” or “Abattis”) (CSE:ATT) (OTC:ATTBF) is pleased to announce the formation of a new partnership (the “Partnership”) with Faculty Brewing Co. (“Faculty Brewing”), a Vancouver-based craft brewery, to develop a hemp-infused, cannabinoid-rich, THC-free craft beer. Pursuant to a research services agreement between Abattis and Faculty Brewing, Abattis will conduct research and development activities related to the development of a hemp-infused, cannabinoid-rich, THC-free craft beer, or a line of such beers, for Faculty Brewing.
Wow, Beer-Medicine!
Wish I was in LABU before today’s open. Wow.
as do i…. however, LABU loves to gap fill.. so we may get entry again in some weeks lol
Wow- That looks like a break away gap that may not have to fill for a bit.
And I actually thought that you were in Labu for some reason. I think you discussed it last week
Gold starts off looking like it is going higher, and then sells off in the first daily cycle- it can be that sideways drop that brings about our DCL.
I would Love to see a DCL this week .
Can anyone see when SAND reports?
I show 2/20/18
Thanks
SO I SOLD 1/2 of my CNBX near the top. I wanted to focus on the Canadian Companies, since Sessions could cause a little resistance in the medical marijuana ( & especially recreation laws already passed). I still kept 1/2 of my CNBX, because I bought it when I recommended it down at 80 cents, so I am up very well on this one anyway.
Well, I added back 1/2 of that I sold on this gap fill .
1. It seems to be a trend line break
2. I think it has good volume within this first hr
3. It was sitting on the 20sma so far
4. The RSI is remaining above the 50% area
SO I view the pull back as reasonable and not quite as bearish as it could be. It just seems fairly low risk, higher reward
refresh
https://uploads.disquscdn.com/images/272128302b10fef28f6b6c08e3fc64bacf1ed6f43581a5a451311fa37cdd9953.jpg
Alex, what do you think of KSHB?
https://www.tradingview.com/x/FMdHG9c7/
I tried to buy this one on the way up a couple of times, but it just kept running & I wasnt going to chase.
Now I think that it is extended, too much for me to buy. It could just keep going, but that recent sell off may only be part of an a-b-c down, so I am not interested.
If you buy it, use a stop under the 10sma or 8 ema or something
Its been such a strong stock, and not going to get hit by Sessions. Its into Medical MJ containers, not the MJ itself. Buy and Hold
Well, it is above the 10sma ( And yes, it has been very strong).
If you are doing long term buy & hold, you could start a position and see how it goes
Same with HEMP
Yes, that one is actually closer to the base too. Like it broke out & MAYBE it is back testing the 50 & 200sma.
It hasnt quite dropped that far yet, but it may act as solid support if it does.
I had this company on my watch list, but I haven’t done any reading on them at this point.
Check out TBPMF- That is a nice break out to new highs ( I do not own this one)
Looks like FNV is getting it´s test of the 200 MA out of the way. I am sitting with everything and waiting patiently for pullbacks to add, or for the up trend to resume, so don´t see much to do today as yet. Will check back later.
At least it bounced a bit so far. If we get a solid sell down to a dcl in GDX/GDXJ ( They may just go sideways ), maybe it’ll do a quick shake out at the 200sma and recover. That might be a nice buy point.
Todays news seems to be that they acquired a new precious metals stream for $178 million
Maria started her vacation and is in Florida now. I wowndered why it was so quiet-
She should be waking up by noon 🙂
LOL … cant a girl sit by the pool in peace …. ;o)
shaZammmm!
By the pool? We need a picture. Its above freezing here, still sucks. #hatewinter
EN OH
#CG
Wow – 4 minutes later and boom, there she is.
Hope ur vacation is a great one, filled with higher DCLs so you can just relax and enjoy 🙂
MACK’s movement is giving me hope for a move in MBOT soon… technicals looking pretty similar
I forgot all about MACKs base until you mentioned it Friday. I still own MBOT simply because it doesnt go below my stop under $1, but it sure does test the patience 🙂
my timing hasn’t been ideal on some of these BIOs either…
Yeah, I think the problem with MBOT (at least for me) was the base & set up looked great. Letting go when it did follow through and pop to the $1.40+ area was where I failed. I thought it had so much more potential that I let it POP & DROP more than once!
I dont usually do that, but now I just have it longer term until I get stopped out or some gains again.
Me too…so annoying.
My order last week on the 2 charts at the end of the report filled ( AEYE) , but it took an hour to fill it, and I had to raise the price to just finish the order.
I am also still in RNN – these were 2 trades to take while waiting for a drop in the Precious Metals market.
Currently Gold – GDX & GDXJ dropped and put in a little reversal today. They don’t really want to sell off a lot at this point.
Alex, as a training lesson, Id like to get into PAYC for a long term buy and hold. What should I look for as a dip to buy into? Looks like it pulls back to the trend line on occasion? I don’t want to miss out on 2 months of trading waiting (#nopatience)!
https://www.tradingview.com/x/oqOdwwxn/
That is a tricky one, because it is a good chart and it does have a tendency to drop down when it gets overbought, but this recent break out is pretty strong. Can it just run higher for a while and pull back later, but maybe not very deep? yes. Could it pull back soon as a back test? Yes.
So if I really wanted a long term buy & hold, I might even risk a small starter position in this area, and add on the dip if we get one. It is overbought on the stoachastics, so it could pull back, and I do think that the markets are due for a pull back – so you may get one then, but you said , ” # No Patience ” – so maybe start a position and add later?
refresh for a chart
https://uploads.disquscdn.com/images/852203d6396f3d7ac2266b0a1103523dc2fbac1868a135643833ac061edca3bb.jpg
Thanks Alex, Looks like it pulls back around the earnings release. Next one is 2-15. I may wait for that to see if I get a dip. Looks valid, Agree? Check the chart, The “E” on the bottom is the release dates.
https://www.tradingview.com/x/d3CfJt7T/
yes, it does look like it has pulled back in the past around earnings, not for very long though, maybe a shake out- so keep it on your watchlist
I was looking at CLF, STLD, GGB, etc to see if these were bull flags on the way higher ( holding the 10sma)
Check out AKS using the 200sma after making an announcement on a project today.
Dropped right to the 200sma, and was bought back up, now back over the 20sma. Interesting
OWCP found support at the lower trend line and is reversing. Seems to be a lot of support in the MJ sector around the 13SMMA except for MJNA….Yikes
https://www.tradingview.com/x/nniGh3Oo/
I see that NGTF is not pulling back after doubling/quadrupling. Added 2000 shares on top of my 1000.
Could form a bull flag – allowing moving averages to catch up – that would be good
I’ve had a stink bid in on this one but I doubt now it’s ever gonna hit.
It looks like it wants to drop to the 35 cents area to me
Damn youre good, Thats where my bid is at,.355 ,lol, I hope it does ,
Look how quickly it basically just went from $0.70 to $0.50. That was 2 days.
It could hit $0.40 tomorrow , by the look of that chart, but it has been a very strong surge from 10 cents to that 70 cents. A 50% pull back would be about 39 cents, 61.8 would be around 32 cents, and the 10sma is near 35 cents.
refresh
I think it could drop down there and still remain quite healthy.
https://uploads.disquscdn.com/images/2bce10a06d47fcdc47a1aed96e646d9907c79324bfc6387b995ed0d3b5000c35.jpg
AEYE taking off again, I see it up almost another 20%
MZOR (own this one) finally back in the green. ICHR (thanks to whoever mentioned this two weeks ago) making new highs. and I mentioned CYH on Friday. Added this Morning, looks to be breaking out of a bull flag – PT 6.00 for PT1
MZOR looks very good, good volume & the weekly also looks good
Thanks CF… I know this isnt a semi – but Im diggin SHOP here as well
Are you in it?
Nope, But Id like to be… If u green light it… lol
Well, it has had a nice run, formed a large cup -like pattern, but it is overbought on a daily.
It may break out & run, could form a handle , could pull back. I cant tell.
It dropped sharply in October & again in December, so whats to say that that won’t happen again. Might want to research it and see what the problem was then.
It has been a nice run since September & long term may be good, but short term – tough call.
The WEEKLY look rather excellent. It could break out & run .
Thanks CF – Ill keep it on watch… Im liking alot of the bigger boards right now while we wait on the DCL in miners… I really like SQ, SHOP, NVDA, MZOR and ICHR…. I even like UA for a quick cpl day swing. IMMU and IMGn look good.
My CYH entry frmo 5.25 is doing nicely as well
ICHR – we were talking about Semi conductor bullishness. It may have been Kathleen that mentioned it first.
ON, CY, MU, ICHR, and that’s right BAY – AMD-
still following that giant pattern $9-$10 to $15, repeat – repeat 🙂
refresh
https://uploads.disquscdn.com/images/4f593bea403811d9bb3128f1edcf0b9e5530f397e2d33eae78c68eb23eafd890.jpg
Seems like a great options play if it keeps it up,
TD Ameritrade extended trading hours on its platform starting Monday to 24 hours, five days a week for several popular exchange-traded funds.
Too bad we missed the LABU rocket at 4 am.
took a toe hold back in MJs…CANN CNAB CNBX
CF – how do u feel about OAS and such.. Looks like its trying to break out.
I’m neutral on it at this point.
It is under the 200sma and I expect Oil to sell down , so it may not have what it needs ( yet) to break out.
It did break above the 200sma 3 times already & failed each time- so I am neutral
GBHPF tagged the 34 dy and seems to be reversing…ISOLF tagged 50 day and slightly below…watching to see if it reverses here…emmbf seems to be reversing….LBUY almost tagged 34 dy and might be reversing here…watching it….watching HEMP hoping it’s moving up from here…so many charts to study!
But who knows with these…..so don’t go by what I think……..:)
POTN just keeps going….I sold last week…..
unbelieveable
Did POTN really go to almost $0.00 then bounce back to $0.40 the same day? #nicegainstimedright
I saw that long candle but not when it happened…..so….? I’m assuming it must have …maybe a glitch in the system on Friday? But it only shows up on a 3 month chart for me…I don’t see it on a 5 day, 10 day – looks like it didn’t happen according to those charts…..
That 1 yr daily chart (When I only use the 200sma) is a pretty chart
I see it on the daily chart
https://www.tradingview.com/x/0VR5jrU4/
hm, I guess my daily charts leave something to be desired….have to start looking at other charts from time to time more than I do….
My charts only show it on a daily. It happened Friday, but if I use a 1 minute or 5 minute 15 minute, etc – it doesn’t show up on my charts
Could be a Mr. Myagi chop stick
Well that’s not good – haha. Doesn’t that indicate future price .
#UnlessUrBuyIsThereAheadOfTime 🙂
LOL, I was thinking same thing…that means future price is gonna be…..falling quite a bit!
Think I’ll start cross referencing…..:)
Nice move in MGXMF today.
I still own it and I love the recent volume. I was originally thinking that I’d sell if it got to $2, due to the 1 yr 3 month weekly chart, but I’m not sure if I’ll sell it all or sell some on the way, etc.
So far I still own all that I bought.
A Little more and it will be a double. Also love the product. It’s the future.
And every time this happens, I always wish I bought a bit more, so this time, because of the high Volume spike and that pause of a flag above the 50 & 200sma, I decided to add. I figured I would sell the amount I added on the way up, but I’m changing my mind with the steady volume coming in.
And- I STILL wish I grabbed more 🙂 refresh
https://uploads.disquscdn.com/images/17928848a475152b0e8a301bfef02ab2843d75818eb4b39a8ad22fc9c576b9e9.jpg
Alex, thanks for answering my #1 question- you really got to it on Friday- whether to add to miners right away or wait out for a DCL. I have limit buys already poised just a bit below. Should get there soon and hopefully take off upside!
Surprised the US Govt shutdown didn’t have more effect on the market 1 way or another either.
I dont remember my answer 🙂 I hope it was good.
Basically, I would make sure that I own something, and I expect a dip , I’d add on the dip.
If we dont get a deep dcl, add on the break out. I was looking back at 2016 – and you can’t see a dcl after 1 month really, so I want to be invested in case things just take off higher.
CF what should we looking for on MGXMF paid .92
FRLF starting to pop a bit
Did you say starting? I see it up 50% – lol
The company name is …… freedom Leaf . THAT is a classic
lol, yeah, true…….:P But…a 3 yr time frame……:)
I had NWKRF on my list this morning to watch and get…yeah…..didn’t get in….up a bunch now….
Some of these MJ stocks do look ready to start moving higher.
I am seeing a bit of interest in EMMBF, and CNBX has an interesting look (As mentioned below this morning with a chart, and I added back what I sold near the highs) . TBPMF as mentioned this morning is doing very well today .
Some of the others seem to have a bit of volume increasing, which could mean a bit more of a move tomorrow- so we’ll see.
I can’t tell if they are really ready to go or not. ATTBF & SPRWF seems to have a bit more volume coming in, ATTBF filled a gap, MAYBE breaking above a downtrend line too?
Tomorrow may be interesting in this sector if the selling has dried up ( I expected a bit more oversold on the stochastics though, but it is not necessary- it does seem like sentiment has died down enough).
Tammie has mentioned a couple not on my list that Popped.
And there goes that TBPMF again! It was $1.26 & up 20% when I was writing, just rocketed up again, now up almost 30%
LDSYF tagged the 34 day…maybe trying to reverse here?
I changed it to LDSYF….not LDSYS
agree, seeing sam ethiing
Let’s hope JNUG closes green:)
Closed CYH. 5.25 to 5.94 on this day trade
It looks good- you closed it out?
CNAB popped, but it left a gap now.
NWGFF also almost looks ready to break above the down trend line. I thought that it would tag that 50sma so I never bought it back. I loaded up on that one under 5 cents- Now I’m completely out but long ago when I bought it, I said I’d ride it to $1 🙂 Funny how that changed, but now I feel like it may be time to get back onboard
Yeah, I’m out of NWFGG too…but looks like Friday it tagged the 34…..several seem to be reversing there….it is looking good there isn’t it….
I closed out a portion on the day trade. I bought 10 (yes only 10) shares of NFLX at the closing bell in anticipation of ER beat. 227 – Just sold that in After hours for 246! Lol now i wish I went much heavier
You need to change your name to the ‘ Scalp Trader’ 🙂
Can I? Lol how can i change it. I dig that! “The Scalper”
I think that you can just click on your own name,
That gets you into disqus. Click on your name again, and find “Settings” to change your profile info
Techumseh.
Wasnt that a native chief?
Just noticed THCX.V/HYYDF Hydropothecary broke out today. Nice:)
Hi Kathleen, I bought THCX a couple of weeks ago and it is performing well. Another MJ stock to check is VFF.TO or VFFIF OTC. It also looks like it want to leg up higher. https://uploads.disquscdn.com/images/73d59a9d7abf93525e932b3524e91120d778e346b589ea719b226957c98fca44.png
weighting now 80-20 silver/MJ…..if we see a real MJ breakout I will go to 50-50…….looks promising CF, if you have time for a couple MJ charts/suggestions that would be great for manana
Well, as noted below, I am not seeing a lot of solid set ups, I am seeing signs that they could be starting to set up.
Increased volume, less selling, holding 13 or 20sma, but they should regain the 10sma to be convincing.etc –
so this does not really make a low risk entry since many could still drop below to their 50sma, etc.
I was just making observations, and saying that tomorrow could be interesting or worth watching.
I added to my CNBX, but that was because I bought a lot lower & sold higher and am not worried about the possibility of further downside to the 50sma- but it might go there.
Yeah roger all that, thats why I am keeping it light. I will go heavy if things really break out
Yes, I am going to mention it in the report– kind of a few ‘Things to watch for”.
I added to 2 that I own, but I’m not exactly sure if they are ready to go.
Tuesdays report is released