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.
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 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
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
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
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
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
$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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Thanks Steve! You've been hitting
GBTC updated view since my buy in the $24s I ...
Posted by fundamentalvalues on 22nd of Jun 2021 at 12:30 pm
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
Bitcoin and Etherium Daily Views Updated
Posted by fundamentalvalues on 22nd of Jun 2021 at 10:54 am
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
SPX 5 min going for the gap fill
Posted by fundamentalvalues on 21st of Jun 2021 at 11:59 am
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
SPX 5 min going for the gap fill
Posted by fundamentalvalues on 21st of Jun 2021 at 11:47 am
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)
XGD.TO Gold Stock ETF. Beautiful {H&S} bullish bottom reversal setting ...
Posted by fundamentalvalues on 17th of Jun 2021 at 10:47 pm
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
SLV Silver ETF. Currently major {Wave 3} is still subdividing. ...
Posted by fundamentalvalues on 17th of Jun 2021 at 09:15 pm
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
The gold bugs gotta be livid today, what a drubbing.
Posted by fundamentalvalues on 17th of Jun 2021 at 09:02 pm
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
Fantastic interview that is the fundamental argument for these amazing ...
Posted by fundamentalvalues on 14th of Jun 2021 at 08:42 am
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.