Matt, I see that GDX

Posted by steve101 on 2nd of Dec 2023 at 10:55 am

Matt, I see that GDX had a DeMARK 13 on Friday. The RSI 5 is at 93 with no negative divergence. How should we interpret a DeMARK 9 followed by a DeMARK 13? 

Is it likely to pull back now? Seems like not a very good time to add to any mining equity positions.

Ionq looks interesting here. Will

Posted by morton7 on 2nd of Dec 2023 at 10:18 am

Ionq looks interesting here. Will post chart later

Research from LPL Financial (NASDAQ: LPLA)

Posted by rbreese on 2nd of Dec 2023 at 09:59 am

Research from LPL Financial (NASDAQ: LPLA) showed that the second half of December tends to outshine the first part of the month. The S&P 500 has gained an average of 1.4% in the second half of December in so-called Santa Claus rallies, compared with a 0.1% gain in the first half, according to LPL's analysis of market moves going back to 1950. Agrees with Matt and Steve looking for possible set back early in December. 

VIX:  all this “0DTE has

Posted by donkeyface on 2nd of Dec 2023 at 07:07 am

VIX:  all this “0DTE has killed VIX” talk… nonsense?  What say you.

Low VIX environment makes intraday scalping (my forte) quite difficult. 

Less than 2 weeks ago

ABNB Boom!

Posted by donkeyface on 2nd of Dec 2023 at 07:04 am

Less than 2 weeks ago ABNB short alert was sent out.  This was clearly the play… long that is. 

What a great day today

Posted by mundy on 1st of Dec 2023 at 09:58 pm

What a great day today with all my GDX, GDXJ, EGO, MARA RIOT and other long -term spreads paying off in a big way. Held some big losses until this past month's big move up!!! Thanks Matt for that monthly gold chart. Am still holding longer term positions but all now beautifully in the green.

Nice breakout on the monthly

Posted by steve101 on 1st of Dec 2023 at 07:40 pm

Nice breakout on the monthly Silver chart. How far, how fast? I went heavy into Silver miners on October 4th.  Tried to pick the highest beta ones in the run ups in 2010, 2016, and 2020 as the Gold divided by Silver ratio suggests its time for another run like that in favor of Silver.  Think this run goes until they take out their Feb 2021 highs. That run lasted 11 months. Longer holds at consequential turning points is my favored trading style. Thankfully it seems to have been a good move. The only one I don't like is EXK because they diluted their stock right into the lows to make sure they had enough capital to build the Terranova mine. Stupid management decision.  Got into CDE not long after I saw that 2.00 low compared to 1.98 in 2020 when Silver spiked down to 11.64 versus prices today on their monthly chart.  Bought all these below.

https://stockcharts.com/h-sc/ui?s=$SILVER&p=M&yr=14&mn=0&dy=0&id=p49817448586&a=1121677380&listNum=61

https://stockcharts.com/h-sc/ui?s=$GOLD:$SILVER&p=M&yr=14&mn=0&dy=0&id=p49817448586&a=1121677380&listNum=61

https://stockcharts.com/h-sc/ui?s=SILV&p=M&yr=14&mn=0&dy=0&id=p49817448586&a=1121677380&listNum=61

https://stockcharts.com/h-sc/ui?s=FSM&p=M&yr=14&mn=0&dy=0&id=p49817448586&a=1121677380&listNum=61

https://stockcharts.com/h-sc/ui?s=GATO&p=M&yr=14&mn=0&dy=0&id=p49817448586&a=1121677380&listNum=61

https://stockcharts.com/h-sc/ui?s=SVM&p=M&yr=14&mn=0&dy=0&id=p49817448586&a=1121677380&listNum=61

https://stockcharts.com/h-sc/ui?s=HL&p=M&yr=14&mn=0&dy=0&id=p49817448586&a=1121677380&listNum=61

https://stockcharts.com/h-sc/ui?s=CDE&p=M&yr=14&mn=0&dy=0&id=p49817448586&a=1121677380&listNum=61

https://stockcharts.com/h-sc/ui?s=MAG&p=M&yr=14&mn=0&dy=0&id=p49817448586&a=1121677380&listNum=61


yes i did as well,

ABNB Boom!

Posted by morton7 on 1st of Dec 2023 at 04:02 pm

yes i did as well, thx

RUN is living up to

BYON, CKPT, RUN nice as well

Posted by morton7 on 1st of Dec 2023 at 03:47 pm

RUN is living up to its ticker symbol, lol...

RUN is living up to

BYON, CKPT, RUN nice as well

Posted by morton7 on 1st of Dec 2023 at 03:47 pm

RUN is living up to its ticker symbol, lol...

Got lucky and sold my

Posted by rbreese on 1st of Dec 2023 at 03:31 pm

Got lucky and sold my QQQ puts when index pulled back to about even . 

SPX 5 min

Posted by matt on 1st of Dec 2023 at 03:19 pm

$SPX - Chart Link kind of a wave high wave b look? for sure if it loses that 50 SMA

VSCO, NRDS nice moves

Posted by matt on 1st of Dec 2023 at 03:15 pm

VSCO - Chart Link- very nice from the neckline entry

NRDS - Chart Link- NICE MOVE

MASI target remains around 100

Posted by matt on 1st of Dec 2023 at 03:14 pm

MASI - Chart Link- that said, logical stop now would be yesterday's lows

BLDR target remains around 145

Posted by matt on 1st of Dec 2023 at 03:12 pm

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