gghsusa

gghsusa Updated 

When in doubt, zoom out. Sometimes we miss the forest for the trees when we fail to take a step back. Open your mind to a broader range of data. There's simple math working behind every trend, of every candle, on every timeframe. Make a habit of studying those monthly candles every so often. It will allow you to see things you previously hadn't. Take a look...

gghsusa Updated 

I'm observing some interesting trends on this NDX renko chart. Take a look at my lower wavetrend indicator and the simple, yet remarkable, patterns that exist. This chart goes back 10 years but I really want you to focus on the giant ascending broadening wedge (aka megaphone) from 2018 until now. I see this area as a potential pivot but we're just as likely to...

gghsusa Updated 

I've been watching XRP for quite some time but I just became interested into this drop on the 'bad' news. In my opinion, it smells of a classic shakeout. I wasn't surprised to see it tank after this weekly pivot signal flashed weeks ago (see lower wavetrend indicator). I do not have a bias toward crypto currencies, and yes I see XRP as a currency, NOT a...

gghsusa Updated 

In my history of trading ideas, you'll see I was very bullish on TSLA in April-May of '19 when it was hated. I actually bought shares below 190 (PRE SPLIT PRICE, SO UNDER $40 EQUIV. TODAY!). I bought the bottom. I specifically remember cnbc and many others hating on tsla and I knew something was up. I bought it but didn't hold like a real investor should. I...

gghsusa Updated 

The Measured move of this triangle has been reached. I had a good strangle trade on IWM with calls/puts purchased before election. Strangles are terrific strategies when you know a big move is coming and the leverage of options can 5-10x or more in these type of moves. I'm now hoping for a pivot down in the market.. it could be mild- I don't know. We could melt...

gghsusa Updated 

The GOLD to SPX ratio currently looks similar to 2001. Where were you 19 years ago? I know where I was and I was clearly not buying enough gold! Hindsight is clear.. or should I say 20/20? Seeing as history tends to rhyme, precious metals look like the better deal over the next decade- especially if you hold them in your possession.

gghsusa

The market is getting heated. I eased into JWN below 13 with long term call options but I did not expect it to go bonkers so quickly. I scaled out. I'm hoping to see the market cool off some and look for more discounts or retracments. JWN might keep going- I don't know but I buy into fear, not fomo. (renko chart not playable in published ideas)

gghsusa Updated 

Gold has entered the pivot zone. The hard metal is always a hold to me personally, but it helps to study the charts to get an idea of the algorithmic driving forces and other oddities. In this case, I couldn't help but see this Nov Nov Nov trend and the math behind the madness. The pattern suggests it'll be supportive. Watch it closely the next few weeks. We need...

gghsusa Updated 

PRICE vs MOMENTUM forming a compression divergence. Notice the lower indicator and the trend on both sides. Price has been broadening the last few years while momentum/strength has been compressing. This is a hidden bull diverging into a massive bear divergence with the potential for a 3x touch here soon. Hidden divergences are historically weaker than regular...

gghsusa Updated 

Gold looks like it's about to make a new leg higher but will it also drop 5-7% first? The dollar and gold tend to create very distinctive price cycles if you know how to look for them. Renko helps to see these price cycles and time seems irrelevant to them. I am seeing a cycle low in the works now but I'm not sure if it's complete yet. I will venture to say...

gghsusa Updated 

I've scripted my own early warning indicator. This system has provided very accurate warning signals the last few years as to where potential tops were forming. There are several occasions where it detected changes weeks or even months ahead of trend changes. Occasionally, it's a little too early at providing these signals. I can't reveal all my secrets but I...

gghsusa Updated 

This year has been one of the best to be a (smart) trader. We've had absolutely historic opportunities and I'm sure there's more to come. This little ascending wedge (abcde) could be creating an opportunity for a strangle (long & short). I have several strategies I follow for the other indices but I will occasionally play a strangle where I can see it going...

gghsusa Updated 

$nugt $dust $gdxj $jnug $jdst $slv $gld Renko is not playable in published ideas so I'll update this chart. My last post got little attention and I've been warning people about a sudden drop in gold, silver, miners. We're setting up a new buying opportunity but how low does it go? I would like to see GDX between 28-32. Hold fast.

gghsusa Updated 

Natural gas has been under pressure for quite some time. As a whole, the energy sector has been beaten down severely and is historically cheap. I do not believe this will last. We can certainly have another big drop and even take out March lows but I wouldn't count on it. There are some BIG BIG BIG changes heading our way and we will look back on these days...

gghsusa Updated 

Is the market breaking out or still correcting? I can make a case for 5 waves up from March with a correction that potentially started in September. This could also be the start of wave #5 which puts price a good bit higher. I cannot determine that yet- price would need to drop hard very soon to convince me of a continued correction. There's just one red flag on...

gghsusa Updated 

I am wildly bullish on the miners and precious metals over the longer term but I suspect another corrective leg down. GDX has been forming a giant ascending wedge from 2013-2020 and just broke out of that pattern this year. The drop in March was just a small piece of that puzzle that flushed a lot of new & experienced traders out of the trade. I pointed out...

gghsusa Updated 

I really like US STEEL down here. I've had my eye on this one for some time but the trend is still technically pointing down. Following the price direction and watching strength/momentum is key. I can speculate and say this is an excellent buy (I think it's fantastic).. However, the trend is still pointing down even though I see value here. Notice the hidden...

gghsusa Updated 

Any good trader or investor will tell you to buy low and sell high. Unfortunately, the masses tend to do the opposite- either because they follow the crowd into popular stocks/assets or they like something too much and make it personal (they believe strongly in something). In my opinion, the best way to actually measure value is to compare it to something. We...