rjchilia123

rjchilia123 Updated 

Technicals Bulls technically in control of daily/weekly charts however, bears have a lot of resistance here we traded for months between 3026 and 2900. The most likely scenario is that we go sideways for a bit and eventually fall. I can’t say for certain if we are going up or down until I see a bull break above 2970 probably would want to see an impulsive break...

rjchilia123

Busy this weekend, I hope you all have a good weekend we have some action here that we need to get on top of

rjchilia123

Topping pattern on mostly everything right now, as you know I am one of the biggest Gold bulls out here but it’s over bought, broke down from uptrend, this is strong resistance in 1700s on paper charts and we are looking for a weekly higher low probably above 1550. Waiting for topping pattern to break down.

rjchilia123

The miners are overbought and due for a correction GDX great buy under $25 looking for higher low on weekly charts and possibly monthly. Overbought on daily 100% + gain in last month which is extremely impressive but it’s a due for correction in the short term and no one talks about these stocks but they are massive opportunities gdx at minimum over $100 in 2-3...

rjchilia123 Updated 

We broke down out of bearish rising wedge a leg up followed forming the a head and shoulders like pattern the best case I see for bulls is that we get maybe 1 more pop higher to best case just below 3200, but 2940 makes more sense for a top because it lines up with 61.8 retracement, possibly could pop bullish toward 78.6 retracement but based on this chart it...

rjchilia123

Set a stop at around 2950 roughly 3% downside to big upside. Keep in mind bears have control on monthly, bulls still control weekly, bears also have daily now which based on the breakdown will lead to weekly unless the bulls can pull a rabbit out of the hat here to be fair they do have the fed.

rjchilia123

Fed reiterated what we already knew qe, stimulus infinity. All this stimulus is getting the market really turned on. Couldn’t be more positive, as of right now economy doesn’t matter but if that flips we will see March all over again, my target of 3000 is almost hit. We will see if we continue higher than that. We don’t care either way we can will money...

rjchilia123

Looking for a higher low above $13.81, daily uptrend remains until we break that. Technicals look bullish here on short term charts. I expect the fed to deliver more good news on qe infinity and stimulus infinity this will likely get the metals moving up on Thursday. No real price discovery in the metals market Silver fair value adjusted to M2 monetary supply 17...

rjchilia123

Gdx overbought in short term. With that being said it can stay overbought for a while longer but it’s likely to hit along with metals in next wave of deflation. As I stated in last idea long term these are going way higher. Keep in mind don’t consider opening a short against this because you don’t know how long it will stay overbought you must wait for sell signal.

rjchilia123

With qe infinity, stimulus infinity, money printing, mass debt expansion nothing could be more bullish for Gold and Silver. Which companies benefit for this the miners. Oil is way down which lowers the cost to produce, at the same time we have Gold at making higher with a strong uptrend so these businesses are growing revenue at the same time shrinking business...

rjchilia123

Oil likely to go negative again. I saw a ton of young investors piling into uso and I don’t they understand how the fund works. I had a friend ask me he should but this and I told him no. First of all you can see over the long run the primary trend is down and I put a chart of crude oil on as well so you can see that it not only goes down faster than crude but has...

rjchilia123

Fed will likely kiss the markets ass again and double down on stimulus infinity and qe infinity. Qe infinity to continue, fed will continue to give cash to big Wall Street banks to buy stocks technical analysis is bullish not much else to say. My target remains spx 2940-3000 but we will see when get there if it’s time to short or stay long. As we lose jobs, I lost...

rjchilia123

Bitcoin appears to be bullish on the daily and weekly charts, bears solidly hold monthly down trend. short term bull break out

rjchilia123 Updated 

Stocks all over today I got out of my swing long spxl at $33. In order for bear market rally to continue they must prop up the market tomorrow Trump threatening Iran and Iran threatening back was done solely to prop up crude oil and the market. As I said yesterday 10 year treasury up stocks up , 10 year fell guess what happened. Anyway watch crude tomorrow and...

rjchilia123

Bulls still maintain control on weekly charts, watch 10 year yield so goes 10 so goes market, it looks like we will have at least one more leg up before the bear market continues. Small chance that tomorrow stocks fall thru the floor and break the trendline but I just opened a swing long today. Part of it depends on the close today but as of right now watch for a...

rjchilia123

Despite all the bad news this market has had a very impressive rally, mostly because of the amount of stimulus by the fed including giving cash to banks to buy stocks. With that being said fair value with s and p earnings would probably be around 1100 assuming they come in at $75 which is my guess with 15x earning 1100 is fair value now of course we’ll see what...

rjchilia123

We have 88/174 ounces of paper gold/silver being traded in futures per ounce of real gold/silver. So what happens if the dollar really starts to fall and these traders want delivery on their physical Gold/silver, they will moon just like oil fell to -$30 today gold will go up to like $5000 once these traders start wanting delivery. Those of you like me know how...

rjchilia123

I know someone asked why does the national debt matter, it’s never mattered before. Well the answer is that it doesn’t matter as long as interest rates don’t rise. The problem is they will rise. We have begun all these qe, negative interest rate, stimulus checks, bailouts, alphabet soup programs all inflationary. They all reduce the dollar purchasing power over...