some new setups

Posted by matt on 1st of Aug 2020 at 11:30 pm

Don't ever forget to keep

Posted by goldnice on 1st of Aug 2020 at 08:19 pm

Don't ever forget to keep your eyes on the big picture in gold. As we approach the mystic level of $2000 gold please understand that any pull back from this level is either the {Handle} of a gigantic {C&H} setup or as this gorgeous chart indicates it would be the {Right Shoulder}.

Absolutely gorgeous monthly close in

Posted by goldnice on 1st of Aug 2020 at 08:03 pm

Absolutely gorgeous monthly close in gold. Breaking out of the textbook {Cup} setup. Any pullback from this level could be viewed as the {Handle} setting up. Chart from twitter legend "Northstar". I mean if silver gets back to $19 to backtest the breakout and hammer in a {Wave 2} bottom that would be a gift of a lifetime.

As silver awakens from its

Posted by goldnice on 1st of Aug 2020 at 07:36 pm

As silver awakens from its 9 year bear market and explodes through $20 we are also entering the strongest period of the year from a 40 year seasonality perspective. I have a few Jan 2021 SLV, GDX and CDE call options left and i plan to sell them in this window of time. My plan is to try and hold these option until mid Sept but because of the explosive nature of the gold and silver market we will see how i can handle the volatility and psychology. Good luck to all.

What are you trying to

Posted by amp43679 on 1st of Aug 2020 at 04:53 pm

What are you trying to say with this image? 

Posted by arun on 1st of Aug 2020 at 01:43 pm

Was the Zoom discussion recorded?

Hope you're right. I'm still a little upset I didn't sell some of mine in 2011 when it was around $50/oz, when gold was around where it is now, but I think at some point will be much higher than that, especially if the gold/silver price ratio reverts to it's historical average. With the printing presses running throughout the world w/o an end in sight, the sky's the limit for both.

Silver. Monthly Close. Looks like

Posted by goldnice on 31st of Jul 2020 at 10:37 pm

Silver. Monthly Close. Looks like the breakdown out of the {Parabolic Curve} was a massive fakeout "Bear Trap" as silver immediately re entered the curve and has hit the first initial $26 resistance area this week. Unbelievably there is no resistance until the next target at $37. Don't take your eyes off the 40 year {C&H} setup in silver.

SLV - SPY Ratio Chart

Posted by goldnice on 31st of Jul 2020 at 09:23 pm

SLV - SPY Ratio Chart {Monthly Close} This chart is telling me that the bull market in SLV relative to the broad U.S Stock Market has just started. The GLD - SPY ratio chart broke out of the parabolic downtrend in Feb 2020. Silvers 9 year bear market is over. 



DOCRF Daily Chart  - Pick up

Posted by EdZ on 31st of Jul 2020 at 06:49 pm

DOCRF Daily Chart  - Pick up in volume for CloudMD

It’s better to focus on daily charts first and then the 60 or 120 mins. Vice versa too much noise.
unless we want to get those gold laced red shorts that Elon musk is selling. 

EDZ Daily Link  - No relation. 

Posted by EdZ on 31st of Jul 2020 at 04:59 pm

EDZ Daily Link  - No relation.  :-)

Hi Matt/Steve, May you also

Posted by kevindeng0727 on 31st of Jul 2020 at 04:51 pm

Hi Matt/Steve, May you also look at PSTG for potential trade idea candidate?

Have a nice weekend everyone.

Check out ATOM ---- ATOMERA

Posted by dragontrader on 31st of Jul 2020 at 04:29 pm

Check out ATOM ---- ATOMERA -  potential cup and handle going into next week's earning.  Matt/Steve, can you please review?  

QQQ DVT 401k

Posted by matt on 31st of Jul 2020 at 04:05 pm

here's the image of the QQQ's with the same indicators I use for the SPX.

you can see the DVT's, the MA pinch a few days ago, and cycle buys a few days ago as well, also a cycle buy appeared yesterday

Wow, 190 point move in

Posted by racerick on 31st of Jul 2020 at 04:02 pm

Wow, 190 point move in NAZ futures last 3 hours. 

Happy with CARG. Bought it

Posted by lapri24 on 31st of Jul 2020 at 03:55 pm

Happy with CARG. Bought it today after it dipped, came back up, and dipped down slightly again but started to go up. Is that what "red to green" means?

here's some intra day examples

AAPL  Wow

Posted by matt on 31st of Jul 2020 at 03:49 pm

here's some intra day examples on AAPL someone asked me about: So using a 5 min, 3 min, 1 min look for BPT MA deluxe to pinch into the ribbons, then get your cycle buy on 1 min or 3 min - easy trades day trades. 3 trade setups intra day one in morning, mid day, and afternoon

Right after GS Downgrade

AAPL  Wow

Posted by iaranger on 31st of Jul 2020 at 03:41 pm

Right after GS Downgrade

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