Pulled all my money out of the stockmarket today

[Ricboff]

Looks like gold may be setting up for another nice run very soon - - can be played using etfs like GLD and GDX
also expect an up move in oil and energy ( XLE - energy ETF ) very soon -- these are both short term plays.

GLD couldnt take out 123 is its first attempt, hit the resistance and came right back down. BUT its chart is still uptreading since dec 2016. A bounce off 120 would be real neat; bouce off the support and the 20 MVA (staying above it)


GLD

2 yr daily

.certainly a break thru 130 and its .......lights out....


fascinating that Gold has shown such strength



..................................................



boy oh boy, UGLY SHIT on the Nasdaq on Friday


qqq

1 yr daily

look at the VOLUME. Are you kidding me? The largest volume day in a year . wtf? Could not hold the 20 MVA. Massive selling on huge volume. Its at weak support. 136 is a level to watch closely

 

[Recon792]

Looks like it could be the big boys are starting to switch from tech to small caps --
nice rally in IWM at the end of the week while QQQ floundered.
Also think there is a rotation into energy going on at this time as well.

 

[Recon792]

today is FED decision day at 2pm regarding rate raise - - could see gold drop hard after the decision

 

[Ricboff]

http://www.marketwatch.com/story/fe...-to-shrink-balance-sheet-this-year-2017-06-14

rates raised yet again. ................................................update.........


PFF (ishares US Preferred shares)

1 year daily

to challenge $39 yet again, 3rd time is the charm?.......



meanwhile , citizens are shooting at Public servants......all under control?

 

[Ricboff]

VERY VERY ugly day for OIL. Its trying to hang on to its weak 1 yr support, 9.25 . WILD shit.

USO

1 yr daily

 

[Ricboff]

today is FED decision day at 2pm regarding rate raise - - could see gold drop hard after the decision

indeed, good call. USD showing strength

GLD

3 month daily

bearish engulfing pattern forming near the end of the day on high volume- not good for the short term. Gap begging to be filled at 118 ish. Once filled, approx 80% chance she pivots back up.......

 

[Ricboff]

same on GDX (gold miners)

3 month daily

dare i say VIOLENT bearish engulfing pattern..., gap at 21.50

 

[Recon792]

indeed, good call. USD showing strength

GLD

3 month daily

bearish engulfing pattern forming near the end of the day on high volume- not good for the short term. Gap begging to be filled at 118 ish. Once filled, approx 80% chance she pivots back up.......

yep Gold futures currently at 1266 - - I think this drops down to the 1240 to 1220 area or so over the next few days then should start an upmove to the 1300 area...Which means GLD may hit that 118 level soon

 

[Ricboff]

GLD couldnt take out 123 is its first attempt, hit the resistance and came right back down. BUT its chart is still uptreading since dec 2016. A bounce off 120 would be real neat; bouce off the support and the 20 MVA (staying above it)


GLD

2 yr daily






.certainly a break thru 130 and its .......lights out....


fascinating that Gold has shown such strength



..................................................



boy oh boy, UGLY SHIT on the Nasdaq on Friday


qqq

1 yr daily

look at the VOLUME. Are you kidding me? The largest volume day in a year . wtf? Could not hold the 20 MVA. Massive selling on huge volume. Its at weak support. 136 is a level to watch closely

today's candlestick will be interesting..............she's trying to hold the low of 2 days ago...........can she do it?.... She is BELOW the 20 DMA. 50 DMA is 139.15, does she close below that?

a 5% correction would put you at 136 (HUGE level to hold)

10%- $129

there is a gap at 132, great place for a bounce IF she continues to roll over.

 

[CoachCB]

Have any of you invested in RealtyMogul or RoofStock?

 

[Recon792]

Have any of you invested in RealtyMogul or RoofStock?

never heard of it

 

[Recon792]

Energy names like XLE / XOM / SLB started ramping up at end of day -- I think this will carry into next week.

 

[festeringZit]

I really dont like how alot of global events are shaping up and i forsee a rather large drop coming up 7-10% decline if not more. Being near all time records, i think i can get back in cheaper a few months down the line when things play out. I hope im wrong, but I have to go with my gut here

DJIA on 4/27 = 20,981
DJIA closing today = 21,384

So, it's gone up another 2% in less than 2 months. Trying to time the market is a losing game.

 

[TheFalls]

DJIA on 4/27 = 20,981
DJIA closing today = 21,384

So, it's gone up another 2% in less than 2 months. Trying to time the market is a losing game.

the worst part about a thread like this is that the op is hoping for a mkt drop to justify his move

 

[Ricboff]

indeed, good call. USD showing strength

GLD

3 month daily

bearish engulfing pattern forming near the end of the day on high volume- not good for the short term. Gap begging to be filled at 118 ish. Once filled, approx 80% chance she pivots back up.......

cheersgif..............gotta love engulfing patterns on high volume.


in this case , either short or use an inverse. I'll like to use 2x leveraged products. Once a gap is filled , 80% of time it likes to rebound. Greed kills.

 

[Ricboff]

USO just gapped down , blew past 9. Can she reclaim it? CAUTION in catching a falling knife


where's her floor?

USO


2 yr weekly

wow, gotta hold $8-$8.50

 

[Ricboff]

one last chart, ......

OIL of course affects the energy stocks, correlated.

XLE ( major stock etf)

2 yr daily

it gapped down. It's end of day candlestick will be interesting as will volume. Volume is a leading indicator. It's at a HUGE level; $64. Just gotta hold. It fills its gaps very well , historically. It gapped dpwn, meaning it has a gap to fill when she rebounds.


WILD WILD WILD times in the energy sector. Look at that downleg since early Dec 2016!!!!!! OPEC is cringing.....

 

[Recon792]

energy and oil name stocks rebounded nicely the last two hours of trading.
I think we see the oil / energy rebound starting tomorrow - maybe last a few days

 

[tanner12oz]

Uso is crap for tracking oil. It naturally detoriates..just the nature of the,way it sets up..oil is at 43 and uso is at like 9..when oil went to like 20 years ago uso was at like 30..these numbers might be off a bit but uso is considerably lower with oil considerably higher..like I said its just a shitty way to track oil

 

[Ricboff]

energy and oil name stocks rebounded nicely the last two hours of trading.
I think we see the oil / energy rebound starting tomorrow - maybe last a few days[/QUOTE

XLE has just gotten hammered since this new administration has entered. An approx 20% drop.

XLE

3 month daily

you're right , from yesterday's candlestick the buyers came roaring back. That's a hammer with a pretty long tail AND it reclaimed support. Bullish (keep in mind, a horrifically trending downward sector) Gotta a gap to fill to $66.



imo, long term i think OIL is toast.The days of $75 oil are long gone. Clean renewable energy is here to stay, more and more cars will run electrically. Of course the leader of clean energy, not surprisingly, are the Germans. 85% of the electrical needs are generated from renewables. How about that?

' By 2030, Germany hopes to have banned combustion engines altogether and, by 2050, it plans to have its carbon emissions at just 20 percent of 1990’s levels.'


.........leave it to the Germans