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.
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.
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 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.
Flipped this week to bullish
Posted by steve101 on 2nd of Dec 2023 at 03:57 pm
Flipped this week to bullish longer term pattern: https://stockcharts.com/freecharts/pnf.php?c=GDX,PWAAWANRRR[PA!E20,2][D][F1!3!1.0!!2!20
stockcharts.com
GDX | Point & Figure Chart | StockCharts.com
Create interactive Point & Figure charts for GDX customized with overlays, automatic trend lines, and chart scaling options to meet your analysis style.
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.
investing.com
LPL Financial Stock Price Today | NASDAQ LPLA Live Ticker - Investing.com
View today's LPL Financial Holdings Inc stock price and latest LPLA news and analysis. Create real-time notifications to follow any changes in the live stock price.
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
stockcharts.com
$SILVER | SharpCharts | StockCharts.com
Create advanced interactive price charts for $SILVER, with a wide variety of chart types, technical indicators, overlays, and annotation tools.
LFYT daily one that got
Posted by morton7 on 1st of Dec 2023 at 04:10 pm
LFYT daily one that got away.
stockcharts.com
LYFT | SharpCharts | StockCharts.com
Create advanced interactive price charts for LYFT, with a wide variety of chart types, technical indicators, overlays, and annotation tools.
IOT daily smoked them shorts!
Posted by morton7 on 1st of Dec 2023 at 04:07 pm
IOT daily smoked them shorts!
stockcharts.com
IOT | SharpCharts | StockCharts.com
Create advanced interactive price charts for IOT, with a wide variety of chart types, technical indicators, overlays, and annotation tools.
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
BYON, CKPT, RUN nice as well
Posted by matt on 1st of Dec 2023 at 03:15 pm
BYON - Chart Link-
CKPT - Chart Link-
RUN - Chart Link-
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
BLDR - Chart Link-