$SLV makes a nice long, on silver futures. The gain is not tremendous, but it seems "safe" (A word I loathe using, but will). With Au trending up, Ag should match it after it finishes this bottom out -- It's down 0.5% pre-market and may fall a full percentage point, at which entrance can be considered. This won't knock the socks off a thing - but who flicks...
It seems the run $USOIL went on during the first half of Monday's session met its resistance, as written, around the 41.5-41.65 mark. It is below that right now, and it might not even test that point today. Watch for the dip below 41. It is this trader's OPINION (IDEA) that $USOIL has strong support at the 40/barrel mark, which it has not for the last many...
$GUSH has so much latent potential in a healthy economy and is a top ETF in any energy investor's choices. To call a previous annual high back to reality would bring a rapid gain to all positioned in this ETF which is managed by Paul Brigandi. He basically put a package (assembled) today that *nearly* matched one of the emerging stocks in the oilfield arena:...
Well, FIB retracements were shattered to pieces with the BULL RUN $USOIL experienced on Monday's market open. The only thing that makes any sort of sense here is to target a relative previous high as a potential early exit point. Of course, LBRT's high upside looms higher than this focus at 9.81, but there's already a sizeable profit on the entry point for this...
The relative high post-COVID SZN (Defined by March 20th to the present time) can now be played as a LONG... The support @ 40 is much stronger than in previous runs, and perhaps the manipulation of trends by heavy day trading has now promoted the buy points. Note: That is pure speculation. But isn't everything? Good luck out in this jungle. -BDR
The chart is fairly self-explanatory. FIB traces seem useless with the volatility on this table. Two exit points: 1st: 1/3rd position exit 2nd: Full exit Happy trading and whatnot, I reckon. BDR
$LBRT re-tested a previous trough @ 6.44. It found some good support at that line, but it is now starting to dip below it. We are thus targeting 5.6/s as the rough area for it. Considering a top out was previously called at 10.44... this is a 100+% ROI on a mega-long-swing. That said, be patient w/ entrance and also with exit -- if you like "quick results," this...
Liberty and the oilfield industry is taking a hit: This looks at two previous dips that could be realized soon. We will be watching to see if LBRT gains support at any junctures and figuring out some support lines later in the trading week. This is mostly a willfully cautious projection of two dip points that would make GOLDEN entry points to $LBRT to swing a...
We were eyeing Sept lows w/ $SPY but it might just go even lower. Go start charting the re-entries to make them post-Nov 3. This is exactly as expected, but perhaps "EVEN BETTER" w/ all positions pulled at Monday's market close. I'd say good luck, but luck has nothing to do w/ thriving in a bear market: SO JUST GO FIND THOSE CHEAPIES soon. Is my best "ADVICE"...
Gold fell below support recently of its upward trade channel, but there is signs it could be returning to that trend as the overall market shows its signs of weakness. Wait for it to break the previous support and enter any long positions there. Also, not actual advice, etc. -BDR
AMD has not fared well since earnings and looks to be about to re-test a previous low. Exit should have been at least mostly executed, but it isn't too late because this is going to fall further. It has room to. Happy trading, GL, not advice, etc. -BDR
AOSL is consolidating and has been for the better part of the past two-weeks. The formation of a handle to a cup dip is certainly present: For better or worse. The S&P is struggling throughout Monday's trading session, but AOSL still has all the makings of a MEGA-LONG. 17+ should be realized in due time, but the market has to begin to show better strength for...
Buy the dip. The bounce-back should be substantial with a longer swing. Right now, $HAL is plummeting and $USOIL still lingers sub-40. -BDR
IIVI was cited as a LONG with a strong upward trend in its trading channel, but it has since failed the support line of that channel. For this trader at least, that represented a partial-exit from the position. That is not advice, but the decision was made to shorten my position on II-VI even as it has only descended a still-significant 1.59% on the trading day...
The S&P has taken a major hit today, down over 2%. The question remains, with a plummet, where it will find support. The range targetted for a SHORT is shown by crossing the Sept. low. This is no endorsement of that movement, but merely something of a "WHAT IF" and a potential look at the eventual bottom-side if $SPY fails to find support this week. As of right...
There is a major gap in AMD's chart and now we wait to see if it CONTINUES To fill it. $AMD is up 0.62% today and the trace through this correction could last all week. Just a quick touch here, with some chart work to show the reason for thinking of potential exit points to claim some profit. The volatility was high last top-out with a bit of a short squeeze that...
Liberty has been rising while OIL has found a massive resistance over 40/bar. In the period oil has traded sideways, $LBRT Has rose: This is an overall very good sign. Ultimately, the oil must return to 60+ per barrel but it is nowhere close, and the entire oil trading industry lingers in this cesspool created by a pandemic, a scare of impending crisis - and...
A great earnings report by Liberty may be mitigated in effect by $USOIL falling below 39/bar as of just before this week's market opening. The overall weakness of oil could cap any rises LBRT may have incurred from a potentially good earnings report. That's a thought, anyway. There is nothing else to add to this. LBRT is down pre-market and it might be a time to...