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You Think a Bank Going Up 18% in 1 Day is Normal? LOL No.We saw a hilarious 7%+ rally in the last 25 minutes in the US indices and Canadian markets but that's all it will end up being - hilarious. This was nothing more than a mega algo pump for cheap short accumulation and this will come home to roost in a likely Monday and Tuesday historic bloodbath. I mean lets be honest, do you really think a Canadian bank could legitimately pop 18% in a single day? That my friends is what we call a total joke. Please visit my ideas below to see what I believe will happen, why and the timing. Overall, we will see VIX shoot past 90 and financials and energy sectors will get completely obliterated (amongst the entire market). We are about to witness a historic crash like no other with the years of malaise like the dotcom bubble, but the 50% severity of the financial crisis. - zSplit
TSX:TDShort
by PaulDeep19131
5
A clear view of Brent Crude Good evening traders, I hope all is well today I'll be taking a look at Brent crude it looks like we have broken a period of consolidation and we shall continue trending upwards I've entered a few trades on a small account I realized that I have entered a bit late but thats alright as I could see Brent crude continuing to go up from this point forward, also I personally like to wait to enter into my trades a little late to make sure that my analysis is correct. Let's see how much I could get the small account up to by the end of this week! I'll also be sure to post updates of the account by the end of the week. Please leave a like If you agree with my analysis or leave a comment with your view on Brent crude. Have a wonderful day all, and if you ever need help with forex shoot me a DM I would be more then glad to help you out! :)
TVC:UKOIL
by Shahbazalyan
Austral Gold: Junior's Time to ShineLooking at Junior Gold as the next big market to trade, obviously due to rising gold and silver prices, but I like this company for a few reasons. Obviously being in South America the local currencies are trash (EM FX at record lows) so costs will likely remain low, especially if oil remains relatively cheap. Recently margins have begun to grow due to rising gold and I think there are companies like Austral that are in an interesting position because they are too small to be bought buy the large ETF's due to their purchase rules, yet they are unlocking significant value for shareholders. Currently the company is raising capital for drilling/exploration activities at their existing mines at $0.08 offering only to existing shareholders, so I don't think the dilution will really hit the market. I think this offers a trade opportunity with an interesting risk/reward profile. As long as this negative-interest bond madness continues we can expect gold to continue rallying higher, which means the margins at the miners will swell! ETF's can't touch these until they get bigger so the time to aquire shares is now before the gold market as a whole is revalued much higher than it is today. Highlights: - Existing Guanaco/Amancaya operations providing cashflow near Yamana Gold's El Penon deposits ( June 2019 AISC < $1000, gold at over $1500 currently) - Exploration potential in both Chile and Argentina (existing reserves assayed at $1300 Gold) - Rising silver prices while Casposo silver operation on-hold (reserves in ground gaining value) - Austral can produce lots of silver, meaning a big drop in the gold/silver ratio will leverage the margin expansion faster than gold producers alone. The company has some debt, which obviously poses a hurdle, but repayments are going well with the recent increased cashflow. Mineral reserves need to expand so expect drilling and associated costs, there is a deal offering to existing shareholders to fund drilling this year. Looking technically there have been 2 other historic buying opportunities at these levels, and the market seems to be close to a potential breakout of the falling wedge pattern. If you zoom in on the last year the stock has traded in a range and despite the thin volume there is a potential cup + handle formation holding just below the 0.09 level. I'm obviously bullish and have a long position. Please comment if you have any thoughts on AGD/AGLD. GLTA.
ASX:AGDLong
by UnknownUnicorn4409175
17
S&P/TSX Composite Index can test Minor Resistance LevelsWhen we look at Canadian instruments during the Autonomous LSTM Adaptive period: We see a cheapness in both stock markets and currency. Even though I have a positive opinion about the target, let's try it out in small quantities and leave more position size in case of a second try on negative scenario. This analysis can be more risk-free with the following parameters: Position Size : %1 for Index Futures or Small percentage of Portfolio Risk/Reward Ratio = 1/1.99 Stop-Loss : 16911.75 Goal : 18032 NOTE: The unapproved short signal is the leading indicator of volatile movements. So let's be careful. Let's leave more room for the second attempt, which, when the circumstances are in our favor, let us gain much more of our loss. Regards.
TSX:TSXLong
by Noldo
$CGC potential buy opportunity coming upTicker: $CGC CGC had a huge bear day, closing near the LOD on Friday. It was very correlated to $SPY on Friday and I won't be surprised that it will continue to be that way if the market dumps. Hourly time frame is in the oversold area, but I will be patient to enter if the market is dumping. I will look for a potential entry this coming Monday if we dump hard. Anything over 19.02 is a daily HL and in the long term, the bulls still have complete control. Watch the volume this upcoming week as it will be a key indicator. Daily bull flag is negated due to Friday's bear action, but I will look for a equilibrium pattern with a HL above 19.02.
C
by DerekTradeEZ