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Thanks Steve! You've been hitting some good ones too I've seen. Great calls

GBTC updated view since my

Posted by fundamentalvalues on 22nd of Jun 2021 at 12:25 pm

GBTC updated view since my buy in the $24s I posted on

I bought some of it when GBTC went to a discount to NAV on the wash down into $24s. Trailing up stops as it moves. Hit $26 so far. Let's see

ARKK, new high of day,

Posted by fundamentalvalues on 21st of Jun 2021 at 12:36 pm

ARKK, new high of day, near $120 now, still working higher 

4,219 is close enough for me, I'm out. Still have a lot of other good longs working if the market wants to work higher. Was a nice trade on the leveraged etf. 

4,221.86 was the gap I have written on my log. Great mover on this trade today, thanks for the heads up on it Matt! 

There is now a gap at 4,166.45, Friday's close on the downside in addition to others for reference. 

Taking the SPY trade, 1/3

Posted by fundamentalvalues on 18th of Jun 2021 at 04:57 pm

Taking the SPY trade, 1/3 position in the after hours in case I would need to add, got a better price than the close waiting a bit, figured it might drop some more on momentum into the weekend. Buying the 3x etf. Thanks for the heads up Matt, got the emails! Have a great weekend everyone! 

Update, just looking at the action, SPX filling that gap at 4,155.86 from a while back. There is another one at 4,115.68, let's hope we don't have to go there. 

SPX, the gap at 4,192.85

Posted by fundamentalvalues on 18th of Jun 2021 at 12:30 pm

SPX, the gap at 4,192.85 filled today, we touched the pivot point and 50 day here on support..gap above now at yesterday's close 4,221.86. Wonder if they grind it up there or if seasonality is just too powerful right now. We shall see, pretty mechanical so far and orderly

ARKK continues to perform against

Posted by fundamentalvalues on 18th of Jun 2021 at 12:26 pm

ARKK continues to perform against a tough tape

WPM (Wheaton Precious Metals Corp) I imagine would be the same, a lot of them bottomed in March , creating the head of the pattern. Thanks for sharing the chart patterns on those goldnice

Very nice day for SHOP,

SHOP Updated View

Posted by fundamentalvalues on 17th of Jun 2021 at 09:39 pm

Very nice day for SHOP, a top 5 holding in Cathie's ,ARKK fund. Nice call as a trade idea Steve! 

I would love to have a shot at some silver at $22s. Please tell your waves to make it rain   

Good day for us who

Posted by fundamentalvalues on 17th of Jun 2021 at 09:14 pm

Good day for us who own "ME" (23 and Me, Virgin Group/Richard Branson) formerly VGAC who closed its business combination and began trading as the new ticker . I gave it at $10 recently, closed at $13.32. I bought a large amount of warrants in the $1s. Massive move in those. The warrants positions have crushed the market and were total gifts when the spac market was brought down a while back. When the fundamentals are there, its often a confident buying opportunity. Risk/reward. 

getting more appealing now for sure now that they have broken down, simple asset allocation, risk/reward. I never buy on strength as these opportunities usually come in almost any sector/asset class you can think of..if not, then no fomo, always something else to look at that is a great risk/reward

The gold bugs gotta be

Posted by fundamentalvalues on 17th of Jun 2021 at 01:48 pm

The gold bugs gotta be livid today, what a drubbing. 

QQQ new highs! ARKK back

Posted by fundamentalvalues on 17th of Jun 2021 at 01:44 pm

QQQ new highs! ARKK back above the major moving averages. I'm looking for an area to trade out of some of my QQQ that I got on the March dip. May or may not be today. GL whatever you are working on

ARKK nice retake of the

Posted by fundamentalvalues on 15th of Jun 2021 at 06:23 am

ARKK nice retake of the major moving averages lately 

powerful statistics there, adding in the market seasonality we enter this week that Steve/Matt have discussed, and in an already extended market, it certainly puts caution in the forefront the next few weeks. Great share

Wow, I sold that one

WPG coiled

Posted by fundamentalvalues on 14th of Jun 2021 at 08:36 am

Wow, I sold that one in the double digits after catching a monster trade on it some months back. 

$SPX Here is a post

Posted by fundamentalvalues on 11th of Jun 2021 at 06:41 am

$SPX Here is a post from my trading journal as I prepare for my day/coming week(s). Thanks to Matt/Steve, all of the great posters here for their contributions, I appreciate you:

..time to consider where we are in the longer term view. March was an incredible dip buy and I had used seasonality to as a probability for that. The risk/reward was certainly much better for a swing for some months at that point. The market has been mechanical most of the year. June has a period now, it appears based on the last 20 years that experiences a few bad weeks it looks like around mid June until the end of June. So I've been preparing for that now as we rally here. 4,250 is resistance and another level measured at 4,270 if we would get there short term. 

We are also in the 60s on the long term RSI, so starting to get a bit hot in the short term. I'm not calling for a crash, though corrections are usually met with frustration as price action has taught the mind otherwise. If you are buying when the risk/reward is in your favor, it makes it harder to have that happen to you. Buying up here is much higher risk relatively. Pros are doing the opposite, including this one.

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