OILU Oversold Bounce 25% OpptyOILU giving us a buy signal on the daily timeframe for a bounce with a potential 25% opportunity based on previous price structure.
OILD trade ideas
$OILU #OILU hitting some Good volume noted , as it has been in lower base for sometime now ..no position yet as of today , but will jump on it at first green candle
Yep its Disgusting but Big Names will Surge Again in 2020Hypothesis: low interest rates; stable-ish economic data; accommodating Fed; Trump hyping Phase 2/3/4 trade deal and more QE will lead big tech names surging again in 2020 and part of 2021. With the trade 'war' at-least neutralized, this will help keep these big names more stable than what we saw in 2019 and lead the broader market higher.
FNGU includes: Amazon, Google, Tesla, Netflix, Apple, Baba, Nvidea, Facebook, Bidu and Twitter. Not in this fund, but semis (i.e. AMD) and Microsoft will have a good year once again.
From the above list, as painful as it is, I am bullish on all these names (fundamentally and technically via charts), except for Google and Twitter where I am neutral to slightly bullish. I expect Amazon, Facebook and Apple to surge 20-30%, with 30-40% gains on the top Chinese players like Baba and Bidu.
The dark-horse this year will be Facebook where I could see it perhaps gaining 30 or 40% in 2020. Amazon will also have a very good year.
If you haven't realized it by now, we are certainly in a big bubble, especially in technology (again, like in 2000) AND it will continue into 2020; if Trump wins again which is likely, it will continue into 2021 before coming to an end BIG time somewhere in, near or at 2022 (Elliot Wave theory).
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OILU and general crude run-upI like this ETF for 4 Reasons
1) The coldest months of the year are about to begin and the demand for heating should be strong until at least February
2) At $21 it still has a lot of wiggle room compared to its 52 week high of $36
3) OPEC and Russia have announced production cuts
4) Positive trade deal news is positive Energy news.
I'm expecting some major action going into the new year, tell me what you think!
Short-term Trade: OILU / USOIL Extremely Favorable Risk-RewardI don’t believe OILU will stay at the $14 level for very long and conservatively speaking I’d say a 50% swing higher is likely.
Depending on your strategy, you could cap your loss at 2% or whatever your risk tolerance is and then go in full on a breakout. Personally, I’d buy half or a third now and hold. If prices fall, potentially up to 7% or so, I’d accumulate more and once the breakout happens go in full.
FNGD: Hidden 3x Inverse No One Knows AboutThis is one of my favourite inverse leveraged funds that I prefer over the popular SQQQ . Why? This stock includes many trade-prone / recession-prone stocks in 10% equal weight comparisons: Netflix, Baba, Bidu, Tesla, Apple, Facebook, Twitter, Google, Amazon and Nivdea.
With the trade war and a recession and antitrust going around, these big giants will be hit hard over the next several months - more than traditional tech players.
The only other sector that may-be hit harder will be the semi's. However, I see semis with a rollover faster, but with the giants rolling over for longer.
This is not a well-known leveraged fund but is one of the best and is incredibly cheap right now.
My major target is at-least 50.00 by Q1 2020.
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Short-Term OILU TradeEntry: 17.50 pullback & 19.15 breakout
Stop Loss: 16.90
Exit: ~21.85. ~24.60 if you think USOIL will hit $59
USOIL 2 Week ForecastThe selling won’t be finished until we reach $50-$47 USOIL.
A selloff to $51 USOIL coincides with about $32 OILD
If we go below that, towards 50, towards 47, we could see $35+ OILD.
For those of you who happen to see this, I’m legitimately curious, how many of you saw this selloff in USOIL coming at $66??
What I’m doing:
Buy: anything below $28 really. 26 is good, 24 might not come but I’m gonna try for it. Sell or hold at $32, buy back/buy more on pullback to 27$, sell full @ $35+.
This is not investment advice, do your own due diligence.
OIL LONG IDEAI've been watching OIL for a while now. I think the time is now to get on board. Keeping it simple. The cycle timing is right. The MACD is above zero, the PSAR is positive and the long term trend line is broken. Putin meets with OPEC today I believe. I am buying OILU instead of GUSH because the markets keep selling off, which could drag GUSH down despite improving oil prices.
Makes a 50% retracement to where the hand is.Just dropped too much. The producers will get the price back up, regardless of demand- for the most part. All bets off if we have a depression type scenario though.
If two birds were an entire species & the stone was a meteor: DUMB excited I actually found something I could get long on & not have to worry about sitting on it. I'm one of (maybe a handful?) of people that will actually describe how/why oil has the potential to see $100 (more-or-less, but potentially more) a barrel. This one is interesting, so it deserves a lecture. To start, the price of oil is less of a market supply-and-demand type concept. Humor me.
Unless it's analysts & "professional" investors who either A) don't wana "spook the market" or B) are just, completely clueless as to just how influential the story behind oil is in the type of market we're in; not in general, but currently. I'll start off easy, that way retail / "professional" investors (you oil traders out there too) don't get too ahead of yourselves. In 2008, when crude hit $144 a barrel, it wasn't because there was UNDER-supply of oil that created OVER(whelming)-demand. Right? The majority of oil-price-predictions I've heard sound plenty alike. The majority summed up: "US supply of oil is at record highs", "dollar strength will cut demand for oil", "Saudi's will increase production to make up for Iran's decreasing production", all that. If you agree - feel free to enlighten me 1) why oil is @ a 4 year high (there's more-than-enough supply, right?) or 2) If the dollar really IS that strong, why did oil make a bottom in 2016 - the same time the dollar index topped out? I mean, the economy is booming, the fed is tightening, & we have a fed funds rate 5x fucking higher than we did in 2016 - what does it take for a FX USD bull to put some bread on the table? I haven't even begun shoving shit in anyones face / hopes / dreams of a bull market yet, so hear me out.
It's ironic to me that the dollar started it's solid ass run going into 2015, because if I remember it right, I was a senior in class on twitter reading about how the government was shutting down (first time I ever heard of that). Come to find out - the U.S almost defaulted on its debt (& then the dollar surges? lol). Nonetheless, the dollar surge leads to oil plummeting ($108 -> $44). Not long after (Feb, 2015), US imposes sanctions on Russia (since Russia = one of largest oil exporters, the demand for Russian exports was supplied by "stable" U.S growth instead). Something to note - this is the same time GDP on an annual basis breached 5% for two quarters in a row (In case you ever wonder why Trump begs for lower oil prices, even though we have tHe HiGheSt sUpPLy oF oiL) <- it's because there's no demand for our fucking greenback. But check me out because markets work how markets will work, we saw that in 2014-2016 when our dollar surged without interest rates having to flinch. Rather than factor (say, the strength of) the dollar into oil, lets factor the supply-&-demand of oil to see how that potentially impacts the USD / inflation / interest rates. If you didn't know about the U.S becoming the #1 exporter of oil in 2018, you do now. But if you think that's impressive, you'd probably be mindblown @ the fact that U.S production of mining crude oil is officially the highest it's been since the 70's!!! Not the 1975 stagflation era, or the 1973 oil embargo, just, the couple years right before it!! Just thinking about it - it's, really actually something that makes me uncomfortable to think about; oil strength led by dollar weakness would be normal in a downturn, really. Dollar weakness led by oil strength, I mean. It's surreal to think about. But I'll explain why (I feel like I'm about to shit on my own life)
At this point, I'm confident that 0 people I've heard comment about the fed hiking interest rates (despite the lack of inflation data to suffice) actually understand even slightly, the concept of credit, especially in the form of interest rates. I'll make this quick, but summed up, this is the avg belief:
1) "Inflation = higher prices"
2) "Higher interest rates = stronger currency = lower prices (inflation) + higher unemployment"
3) "Lower interest rates = weaker currency = higher prices (inflation) + low unemployment".
This is common sense:
1) You go into a car dealership, you pay $25,000 cash for a brand new 2018 Prius. No debt = no interest payment.
2) You open up a business w/ help from a business loan. You increase the price of your goods because A) You think that'll help you compete with walmart B) Interest rates are rising - you need to pay more $ on your debt
3) Obama inherited a recession, increased taxes, cut spending, almost defaulted on Bush's debt because he didn't agree w/ the spending plan, had 3 quarters of 4+% GDP growth, and year after year - decreased the amount of debt the U.S owed globally.
4) Trump inherited a _____ economy, turned it into a bull market, cut taxes, splurged on the deficit, we're now in a bear market, & he blames the federal reserve because he has to pay money on his debt. But meanwhile, since unemployment is LOWEST ITS BEEN SINCE 1969, THE FEDERAL RESERVE HAS 0 REASON TO SLOW DOWN ON HIKING RATES, especially if the deficit grows by 17% within 3 quarters of his 2nd year.
This is getting too long, I'm done. There's more but, fuck it. I got annoyed just thinking about all this. But here's a graph that shows US crude production since 1969. If this doesn't rhyme with stagflation I mean, it fucking rhymes with stagflation idk what else to say.
fred.stlouisfed.org
Crude Oil ETF OILU - Long OpportunityAs you can see in the chart, OILU 3x Crude Oil ETF is approaching the bottom trendline on the log chart. Usually we'll see a bounce here, if not, keep your stop loss close.
$FNGU Full Moon FunThis one is dedicated to all the nonbelievers -- anyone who might doubt the influence of the moon on our everyday psychology and our everyday lives. Anyone who might not see the utility of basic observation and pattern recognition of 'natural cycles' like moonphase.
Now some may ask why might tracking the moon work? Well, if you are a patron of mine I have written a brief summary of and also sent out the verbatim pdf that the FED published on how 'otherworldly' events can influence the markets by way of mass psychology .
This chart may serve as an example. As we approach the full moon humankind's sleep quality will decrease and stress levels will increase. As people's fear and stress rises, there presents a buying opportunity at the peak of fear and potentially oversold levels ... the full moon! As the new moon approaches humankind's sleep quality increases and stress levels decrease. As people's fear and stress fall, there presents a selling opportunity at the height of confidence and potentially overbought levels... the new moon!
I present to you: $FNGU a 3x leveraged fund that tracks the daily movement of the FANG stocks; because this is A) a 3x leveraged 'bull' fund and B) related to some very popular stocks for daytraders ($FB, $NFLX, $AMZN, $GOOGL), we can more easily catch upside moves related to exploiting these daytraders at their peak fear levels and then selling back to them when they are at their peak of confidence.
This chart may serve as an example of the use and abuse of mass psychology as it relates to moon cycles, but there is more to this chart than moon cycles alone:
As we can see the current price is between the TS and KS of the ichimoku system. Finding prices between these levels can sometimes be considered a 'value area'. Some other potentially long bias signals are the fact that we may be able to catch the 5th and final wave of the Elliot wave count presented here. We also see that a 'clone' level of the X-C-D modified schiff pitchfork has been respected as support so far. The last long bias signal I will mention is the Japanese candlestick pattern that has appeared: a bullish harami.
I am proposing a trade that has ~13% downside risk with upside gain potential of ~50%; allowing for ~3.5 dollars of profit to be gained for every ~1 dollar risked (3.5:1)
Manage your own risk
GL HF
xoxo
Snoop
OILU Reaches Bottom of 12 Month TrendlineOILU (3x Leveraged Oil ETF) has reached the bottom of a 12 month trendline. Given the age of this trendline it's likely to hold and we're likely to see higher levels. This should be an easy one to trade with a tight stop.
$OILD - Climactic Selling Volume & Gap FillRecord long net spec oils and climactic selling into support and previous gap. (Not sure how that was there.. Clue? at 24.50) Oil overbought and torched.
HIGH RISK/HIGH REWARD FANG 3x inverse ETF set upThe US market has been volatile of late. This is the risky 3x inverse ETF. Looking for a pull back to sub 40 before a potentially big bounce with the tech stocks showing weakeness
OILU Loyal Oil GainsOver sold OILU, it came completely of the vitamins. It may have a small pull back followed by some very loyal gains once it starts pushing past the EMA line and a more solid conformation of a reversal the bulking phase will begin from 38.50 to around 45
OILU Shifitng to the upside 4 hour Time FrameOn the 4 hour tame frame, OILU has been making higher highs and higher lows over the last week. Momentum has just shifted to the upside again so looking for a initial price target of 24.50.
WTIU (USOIL ETF) LONG Big lot in 16.00 out 22.50 around WTIU etf, im in here looking to get out in about two weeks im all in, in my stock account
