Premarket Trading Report, 620am cst
UST 10 yr %: 2.38
JDST: 75.74/76.07 (Im in at 76.15)
still watching 113.70....heavy news day
CPI and Retail Sales at 730 am cst
2 FOMC today, Evans and Harker 8/1130 cst
sold JDST for a small loss
I'm tired of mapping out my plan prior and changing my mind to buy differently. Granted the winds are cross currents right now but damn it....enough already.
I have taken a red dry erase and written on the top of my laptop screen the following: "Buy JNUG Mon morn via LBO at 17.90. Do NOT buy JDST, set a lower JNUG LBO if it gaps down." I will see this at 445am cst mon morn as a reminder. The second part of the message is, "Set an LSO at 27 or sell before 3pm 5/26-DO NOT SELL BEFORE!"
19.20 is the current ceiling. I think it gets broke. 3 green candles in a row, will prolly see a red soon...that's the buy i'm looking for. this will be a 2 week hold, getting out a bit in front of the June FOMC 6/13-14 that still lurks...
have a safe weekend all
new one for me, like it
whoa....Ira talks about BITCOIN!!! No charts, just a mention and not a positive one IMO
ronnie super bear ish...3-4 months comes a 'meltdown' in gold
You got a link for that my friend? I'm obviously not questioning your honesty ('cause you da man!) but that's huge and I'm not seeing it anywhere.
Then again maybe I'm just hoping it's not true...
Edit- Nevermind... shit. https://www.cnn.com/2017/05/13/asia/north-korea-projectile/index.html
Just a test missile... they launch one every March it seems, but the world fusses about it every year. This year, their missile failed, so they launched a second.
NoK just won't let things calm...that dude has a king sized stirring ladle and can't stop. something about SoK elections, went 400 miles. not hearing anything about damage/death thankfully.
CNN I think it was, I'd ask for confirmation too...that whole area is a tinderbox waiting for a spark with huge implications.
Channel hopping waiting on the KS Nascar race....riding the couch while dealing with my first case of shingles...it SUCKS.
doing charting on GDXJ: (wish I could figure out how to post a chart lol)
GDXJ at VERY critical level, 32.60ish, breaking to close at 33 land and we should be green lit for a good short term run...31 land and it'll need to prove itself again.
5/31/16 low 32.60 closed 32.80, start there draw a horizontal line ... 11/14/16 32.80 low .... 32.66 3/7/17
Since I am planning a 2-3 week JNUG hold, I'm studying the hourly pretty close:
MACD turned positive 5/5/17....theres a little disturbance but no negative crossover (yet) end of day yesterday
IIRC for GDX we are watching 19, that's next
Not sure how this NoK info will play...logic says gold up, but applying logic these days leads to losses. Mo is clearly on JNUG's side so until proven otherwise, that's where I'm headed but I am looking for an entry dip. If I don't get the dip I will pay up and buy a position via layering in. I am so tempted by JDST tho, it's in my head...must....walk...away...
Silver is about to test $16.50 at the moment. I'm skeptical about Ronnie's analysis for this round of price movements, but we shall see!
not seeing much if any of a pullback at the 6am turn. usually there is a bit of a drop. went ahead and bought into my 2 week ish hold of JNUG, in at 19.08 and am prolly hi/early. chances of seeing 18low are 100% since i just bought.
i'm also skeptical of ronnie's viewpoint.
LSO set at 26.50
stop is 16
EDIT: not liking the UST 10 yr % and looks like USD/JPY might make a little run so i bailed for a .03 cent loss and will re-enter at a better number...gut was screaming in way too early so pulled the chute. um, yeah....totally not being disciplined
It all went wrong this morning...
Sold my jnug minutes before the run up began...watched it run, unable to play. But I did take a quick scalp on JDST for .99 per share when I was able.
Tried to go to work..uh uh..this shingles thing has gotton so much worse, in real pain. Went to doctor. Now have a mandatory 2 weeks off since I see patients and my boss doesn't want me at the office...i showed her the rash, way bad and super painful. Thankfully I took out Aflac a few years ago...it jsut paid for itself with a mandatory 2 weeks off
Since i'm going to be able to focus on trading I'm not going to do the hold game. Looking for entry either way
No excuses and no interuptions...it's time to make some trading money and turn Shingles into a blessing. Also have my Home Inspector test Saturday, bonus study time....this all assumes I am able to function cuz this is way painful
was in JDST at 75.43, sold it at 77.22...flipped back into JNUG at 18.05...hit my 17.90 target....100% position
I feel for you my friend. I'm sitting here recovering from Achilles' tendon surgery and thought I was hurting, ow I just feel like a wuss! So sorry you are going through this, but you certainly have the survivors attitude of turning a negative (shingles) into a positive (concentrate on trades)- well done, and best of luck! I'd h/t you many times if I could.
Sliced through silver .50s and .60s like buttah. This sh*t is going to $18, no problem.
Tony, you are the first person that I have heard of trying to turn "shingles into a blessing." Good for you!
I'm trying to make lemonade out of this...candidly this sucks. However, the time given can be a gift if I play it right. I haven't had 2 weeks to focus on trading ever. Not that I can do much else since just moving is painful. Basically I'm sititng on the recliner with laptop, water, tv...for 2 weeks, ugh...I'm gonna go stir crazy cuz just sitting is not something I'm good at. My wife and I decided it would be best for me to cancel the test for Home Inspector since its a very long test and in a very controlled testing environment...no way I could sit in a chair for 3 hours, and I'm pretty foggy....best to reschedule it.
Achilles is no joke Pining, hope you feel better and get mobility back soon
Back to trading:
USD/JPY 113.70-85 is proving to be a good level to watch. UST 10 yr % at 2.34 is a good level to watch also.
Still in 18.05 JNUG, trying to let my positive position run some before I get out for the day....currently 18.60ish
WT you're right, silver is looking very good here...the 1 hour especially. I like the successful back test of 16.62 on the netdania 1 hour
EDIT: 35 minutes to the close, rang the register at 18.72....no clear indication which way it goes the last half hour.
gold survived the 6am turn but another attack forming...usd/jpy 113.70 ish is the area to watch, battling right now
in jnug at 18.97...now that im home lets see a repeat of yesterday's action please
sold 18.97 jnug at 19.06...didn't like the open
back in at 18.85 jnug
EDIT: Sold JNUG at 19.00, in JDST at 72.96
don't like the struggle, JNUG seems to be losing, it's not reacting well to upticks
whew, ugly morning. sold the JNUG position minutes before it ran to 19.40 ish, in the process 72.96 JDST dipped down on me, I sold at 71.19, bought it back at 71.70, sold it at 73.65, later bought JNUG at 18.97...then got sick...have been fighting nausea bad with the medicine they gave me...have to quit taking it. missed very little it looks like tho, it's gone crickets since.
EDIT: sold JNUG at 19.18....in JDST at 72.33. Trying to ride the mini waves /// edit crashed and ate sand. need to stop for the day i'm too sick to focus.
GLTA, be safe
So I'm in the middle of the Pacific. Got married on this trip. Frikkin awesome with 40 of our family and closest friends. Woot.
Also up 7% on the x2 Silver Bull. Not in any hurry to sell. Plan to retire in next 3 yrs is totally on track.
Well yesterday was a total bust. I still made a little coin but wow was I sick. Tramadol pain killers are hard on the stomach, don't ever take them. It got in the way of my trading most of the day. yuk. So far I'm up 2.5% on the week though so I can't complain. It's moved into my eye...damn Shingles. Time for the antiviral drops. I may be out for longer than 2 weeks, bummer. Aflac doesn't start paying until 2 weeks so now the pressure is really on to trade well.
Last night JNUG went out at 19.55 aftermarket.
I'm alert and wide awake at 0430 watching the action. In JNUG at 20.31 premarket. Expect to see a big breakout but will trade the waves as best as I can.