rjchilia123

rjchilia123

Silver is an even better buy than Gold at these levels both I believe are in a bulls market Gold appear to be heading to 1600 and Silver has a lot of catch up to do.

rjchilia123

Gold is nearly the cheapest it's ever been historically speaking we have only priced in 40% of US monetary base. The whole world has extremely low interest rates. The US will be going back down to 0% possibly even negative. The US will have QE/inflation 4 which will be bigger than 1,2, and 3 combined. The US has massive trade deficits and ballooning national debt,...

rjchilia123

If you are not currently involved buy at an impulsive move above 2960, short an impulsive move below 2820.

rjchilia123

Could we have seen the all time highs for this expansion? Definitely possible. Trump delayed Tariffs until December yesterday sparking a huge rally. followed by an even bigger sell off today the key levels are 2950 for bulls and 2828 for bears an impulsive break below/above will be the winner my bet is the bears based on the indicators and today. The DOW appears...

rjchilia123

So far we have fallen much more impulsively than the 10% May drop. We may be forming a potential Bear Flag or we could be forming a larger counter trend rally to around 2940. We have only seen small bullish candles if it was a bottom we would likely have seen a much larger Green candle Tuesday or Today. I heard many mention the May low, I believe this will be a...

rjchilia123

The bulls want to see us close today above 3013 and make new highs over the next week for bull case. For the bear case we need to close today below 3013 with more downside Friday and next week. Based on right now at 12:07 EST the bear case is still in we will see how we close.

rjchilia123

I was a little early with my previous short ideas and we have only gone up a .01% from where I initially said to short on July 17th, but we have finally gotten sell signals with trend-line break and bearish engulfing I think it will likely be at least a 5% correction my likely target is the May low. I am open to going lower than the May lows or not as low, but as...

rjchilia123

The fundamentals on Gold are still good so I am not expecting a deterioration, I think at most we undo the last breakout.

rjchilia123

I posted a similar idea on SPX but QQQ has more upside potential to this short trade. Short trade on QQQ set stop at 194.34 from now this would give you just 1.5% downside with 11.1% upside 7.4-1 ratio. We may be forming an equal low to the May low otherwise I will post an update if the technicals indicate the correction ending before hitting, or overshooting...

rjchilia123

Short trade on SPX set stop at 3013 from now this would give you just under 1% downside with 8% upside 8-1 ratio. We may be forming an equal low to the may low otherwise I will post an update if the technicals indicate the correction ending before hitting, or overshooting the initial 2744 downside target. 2984 to 2744 -8%

rjchilia123

The bulls had a good attempt at new highs but it appears that they will be unsuccessful. Cross below 9338 is confirmation of a double top.

rjchilia123

We seemed to break out above the flag today after the FED confirmed rate cut which is bullish for Gold. The volume on this bull flag is perfect, you can see volume was moving higher on the flag pole, then dropped on the flagging, and is now moving up on the flag pole up. Confirmation is above $135 my measured target is $140.22. From here that is roughly a 5% gain...

rjchilia123

The heroine addict (market) seems to only care about this rate cut and stimulus from the drug dealer (the fed). For example: last Friday we had a better than expected jobs report which is good news because good jobs reports indicate a good economy, yet the Dow fell over 100 points because it may hurt its rate cut chances. The heroine addict only cares about...

rjchilia123 Updated 

Set a stop at $205 (2.5% downside) likely drop to $175 support (12.5% upside) and potentially put in double bottom. Similar to Msft, Nvda, Spy, QQQ and many other stocks are likely to have a correction especially from all time highs. Apple is a great company with solid fundamentals so I would be careful shorting. They currently have had bad news with Jony Ive...

rjchilia123 Updated 

Microsoft has good fundamentals that it has likely priced most of those in at least in the near term Msft broke trend, appears to have a topping pattern along with a bearish engulfing candle on the daily candles, I can see a clean Bearish rising wedge and measured it out. It will likely over shoot the measured target for one of the support lines. The moving...

rjchilia123 Updated 

Fundamental Analysis Oh wait there are no fundamentals to justify the amount bitcoin has increased, just a bunch of people buying hoping bitcoin will go to a million so they can buy a Lamborghini. Technical Analysis Broke trend is a potential sell signal. Bearish Engulfing Candle confirms trend break sell signal. Additional downside confirmation of bearish...

rjchilia123

I was long on Nvidia from $140 Sold at $166 after seeing Bearish Engulfing and trend line break. RSI overbought on 1 year, 50 Period MA crossed below 100 and 150 for confirmation of new bear trend. As a note this stock is already very beaten down so this most likely will not be a long term trade.

rjchilia123

FUNDAMENTAL CASE Gold has been in a 6 year bear market and has started a bullish trend. With an inverted yield curve and a US Recession likely, Gold becomes attractive. Last Recession Gold nearly tripled over a 4 year period. Gold has just broken out of the resistance level and all the central banks are buying. The fed cutting rates, a recession, quantitive easing...