adventurous51

adventurous51

The above are for education and entertainment only. They must not be interpreted as investment advice nor recommendations. Trade at your own risk and mostly, trade safely and keep safe! Cheers!

adventurous51

I am trying a new combination of indicators on my TOS platform for swing trading. Right now it reads RED/Bearish for SPY and DIA but not yet for QQQ. It will be confirmed at the open tomorrow. I will let you know. When I back test this indicator, it seems pretty reliable. Let's track it in the next few weeks... The above are for education and entertainment...

adventurous51

If today sees a week session, I would think we might be in a case of "Sell in May and go away!" The market gaped up last night but the job reports coming out at 8:30 will be telling a lot as to what direction the market may take in the next few days!

adventurous51

The sentiment on gold and gold stocks is way too bullish for the short term. I am not a bear and I am bullish on gold mid to long term but gold has to flex lower to get the power it needs to get past $1800. If the stock market ) rolls over, which I think it will, gold will not escape the selling pressure. Then it will bottom and be ready for the sky rocket move...

adventurous51

We have had a very warm winter so far. January / February forecast call for much cooler weather after the first week of January. This gives you enough time to position yourself for that pop. Personally, I am March using BOIL calls wih 9$ strike price for this trade. Disclaimer: The above are just my opinions and should not be construed as trading advises.

adventurous51

Baring a false new.s or hope on trade with China, this is going down. Just my opinion....

adventurous51 Updated 

With the Greed index at the top and the pattern on this chart, JNUG should be on your watchlist. When this takes off, it will be a very nice move! money.cnn.com

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Disclaimer: The above is just an idea for your entertainment, not a trading advice!

adventurous51 Updated 

I think what we saw in the last few days and what we might continue to see for a few more days can be characterized as exhaustion pops. This is just an idea, not financial advice. Trade at your own risk.

adventurous51

Gold is forming a bull flag, Bonds are also and equities market show signs of topping and exhaustions... Just an idea, not a trade advice ...

adventurous51

Everybody expects the FED to lower rates by 25 bp this week. But ... : - The markets are near all time high - China US are talking - Brexit is almost surely pushed Ok some indicators are softening but with uncertainty lower (still very present but lower) what if they would decide to pause instead? That would be highly unexpected and that would create a...

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Disclaimer: The above are just my opinions and should not be construed as trading advises.

adventurous51 Updated 

SPY is topping, forming a double top. This looks very good for TECS I own January 20th $24 calls. Looking good... What will be the trigger? - Trade negotiation between China and US could derail - The BREXIT's faith to be determined this month - Europe' s and Global economy are weakening - Earning season starts and we are in an earning recession as of last...

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Ok, we did not get CRAZY Wednesday but a massive drop is still in the cards. Unlike what I thought, the FED would surprise the market with a no cut, they delivered the expected to the market. However, like I said, that was all priced in. The markets had a very muted reaction on Wednesday and started to go down Thursday. Not a typical reaction from a rate cut....

adventurous51 Updated 

Why would the FED lower rates on Wednesday? My view is they will adopt a wait and see position for the following reasons: - Relations tensions between China and US have cooled off - The BREXIT might get a pause to be postponed after October 31st based on the UK law passed last week - Inflation is starting to show signs of possibly coming back slowly - The rate cut...

adventurous51

That was a nice close! :) Here is the way I see the paradigm the stock market is in right now: Based on Powell's conference this afternoon, the FED does not seem to see the urgency to reduce rates. I am not even sure they will drop the expected 25bp everybody counts on at the next meeting. Even 25bp would not likely be enough to reassure the market anyway. So,...

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Just a bit more compact and possibly ... who knows a bit more powerful? ... Just a thought...

adventurous51 Updated 

Bought TECS calls expiring January 2020 and UVXY Calls expiring September 30th . Don't flinch if they drop. Just wait and cash in when they pop! I'll update weekly. Use only risk capital. Target 1 for TECS is $21 and target 2 is $30 UVXY Target 1 $50 and target 2 is $75 Because they are options, reduce your position and be patient. I set no hard stop on...