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India covid stuff is likely

Posted by fredsaid on 6th of May 2021 at 03:58 pm

India covid stuff is likely just enough to get another consolidation before an even stronger push higher imo...   URA, PSX/OIL, GLD

Hopefully we get a lil pull back tomorrow followed by continued UP UP and away !!! Watching PSX and oil for queue for next consolidation but think once again as long as everyone on TV remains bearish all we can do is grind higher !  Till the FALL when we FALL.

UP UP & Awaaaaay !  I don't think the bears will make a killing till Q3 but who knows.

USDCAD has been tanking.  I

Posted by fredsaid on 29th of Apr 2021 at 11:09 pm

USDCAD has been tanking.  I have a vested interest in this trade since I need to turn about 75K US into CAD so I started selling it short at $1.28  It's at $1.227 now and taking on more water this evening .  It's been on a steady decline exceeding the USD overall decline.  I think we're getting close to a rubber band bounce like 1500 to 2500 basis points (similar to VIX BB) and may be last chance to sell the USD for some time when we get that bounce.  Does anyone think the greenback can go up in the face of rising commodity costs, rising oil, inflation, etc - especially against the CAD ?  I don't see it.. I think we can get to $1.15 so if we get up to $1.25 again take the trade and double down as and if it goes up !

Nope no split yet which

... so no split?

Posted by fredsaid on 29th of Apr 2021 at 11:02 pm

Nope no split yet which means we should get a good opportunity to buy back in.  I had a sell order in pre market at 3603 including outside market hours and forgot about it ... DOH ! No big deal i would have bailed at 3630 if I didn't.  3650 was a nice sell on the community !  Based on how other techs have acted and how stretched we are, I think a rebuy opportunity will most certainly present itself before we go up up and away.  ARKK community sold off hard after hours...not yet reflected in ARKK.

Holy Carap !

Hmmm... u don't say :)

AMZN blowout results 

Posted by fredsaid on 29th of Apr 2021 at 04:06 pm

Hmmm... u don't say :)  Still waiting for the split news that will really launch it.  Up up and away !

Count on the TV folks to give you the best contrarian calls!  Cramer was hesitant on AMZN today.  Likely means new high tonight.

PSX breaking out ?

Posted by fredsaid on 27th of Apr 2021 at 03:19 pm

PSX breaking out ?

Big full moon last night

Posted by fredsaid on 27th of Apr 2021 at 02:29 pm

Big full moon last night ... just in time for sell in May ???   Nahhhh.  Like I said last night, the TV folks appear to be getting more bearish which translates to BUY BUY BUY bullish !  Love the look of AMZN - potential split, Amazon day lining up for June announcment, UPS hits it out of the park (see AMZN is helping not hindering).

CNBC talking about 10-20 percent

Posted by fredsaid on 26th of Apr 2021 at 05:34 pm

CNBC talking about 10-20 percent correction ... should be up up and away in the short term !!!

...and another Friday rides into

Posted by fredsaid on 23rd of Apr 2021 at 03:55 pm

...and another Friday rides into the sky ... Is that 3 or 4 now ?

And exceeded !

I like it ... we'll look for a reminder in May ! ;)

Always is... The only thing you'll get from CNBC is when they ALL get bullish or ALL get bearish -> go the other way !  Given the technicals on the oil names PSX, XOM, CVX it looks like they want to go a little lower before they explode up ... this may co-incide with a continued push up in the FANGs early next week before earnings.  I've only managed to get 25% long in my 401 this week ... maybe we'll pull back some next week for more buying opps.  TSLA reports Monday - up $100 ?

But i thought the bear market wasn't supposed to start till next year and the big fall wasn't supposed to happen until the fall ...

I think ARKK may be

Posted by fredsaid on 22nd of Apr 2021 at 03:43 pm

I think ARKK may be ready to role over again ..

Consensus ?  Buy the Dip

Posted by fredsaid on 22nd of Apr 2021 at 02:52 pm

Consensus ?  Buy the Dip ? and hedge short term ?

Potential Inverse H&S forming on

Posted by fredsaid on 21st of Apr 2021 at 03:50 pm

Potential Inverse H&S forming on MARA and RIOT on the daily.  If accurate they should break UP by EOD tomorrow or Friday morning - likely to coincide with a Bitcoin rally back up to broken trend line.   Let's see.  I've been shuffling 4/30 calls and 5/7 puts.

No follow through on PLL

Posted by fredsaid on 21st of Apr 2021 at 11:04 am

No follow through on PLL :(

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