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O87 trade ideas

GLD - GOING TO $120 WITH STOPS ALONG THE WAY, STARTS MONDAY0. As always read all my other notes on AMD and such. This is related. 1. GLD is done. No time for explanations tonight. Went massively long on all out performers Friday AMD (More), AAPL (MORE), CRM (MORE), ADBE (MORE). 2. We are above to start a new Bubble Upwards. People need cash to chase this bubble. AMD goes to $100+ soon. 3. GLD we went short heavily on Friday 10th of January. We are holding short and adding to $120. 4. I had this idea once before, based on fund flows, but I was a couple of weeks early. China signing, and earnings, cheap money, Feb, Trump PUT, and China, USA, and soon Germany Stimulus and Bubble Time. 5. GLD may be SUB $100 before this ends...
AMEX:GLDShort
by drchelsea1
7
GLD - BEARISH ASCENDING WEDGE / PORTFOLIO REBALANCE / SELLOFF1. I don't normally post about Gold, but I will personally be dumping mine tomorrow and buying more AMD and AAPL. Time to chase the real winners, and drop the hedges. 2. Confirmation: - GLD selloff (of course) - TVIX, VXX, UVXY selloff - SMH++ - AMD / MU / TSM ++++ - VIX - Complete Breakdown 3. You can make the GLD negative interest rate argument all day long, and election madness, and Trump whatever, but GOLD is up big this year, and that is exactly what I would dump to chase the MELT UP STARTING TOMORROW. HAPPY NEW YEAR.
AMEX:GLD
by drchelsea1
1
GLD - Perking Up!GLD is starting to perk up and the second of the flag patterns on this bull run looks to be ending and starting the next leg up. Look back to the prior bull run from 2009 to 2011 and you will see 6 such flags (and maybe more). The impulse leg that started this summer and ended in September took out three prior green peaks and over shot the fourth peak (yellow) before consolidating back at the highest of the three green peaks. The impulse leg that appears to be starting now should make it to at least the orange peak before some backing and filling is necessary. To confirm the current impulse leg is legit, I would like to see a close above $143 on GLD. MACD and RSI very favorable. 2020 should be one heck of a ride. Fed on hold and low interest rates should be favorable to gold and other commodities. Inside the metals space I like GDX, SLV. PAAS, and NEM as long term plays. Miners showing solid strength and both PAAS and NEM have been very strong the last month. I would trade NUGT at very overbought and oversold conditions for those that need the extra juice. Outside the space I like RIG and X as log term holds and I also like SIEN and VSTO but the latter two still have to convince me they are legit. I expect big things over the next 12-18 months for these stocks, There are some watchlist items as well including CWH, AOBC, and maybe good old GE and M. Can't predict the future but I much prefer the charts of the names mentioned than those of AMD, AAPL, SMH, and all of its ilk. Only time will tell but a reversion to the mean appears to be upon us and long overdue. Merry Christmas traders!
AMEX:GLDLong
by BobbySpa
2
GLD/SLV - Ratio revisitedGLD/SLV ratio is starting to roll over. Looks like a rally in gold and silver is finally coming. A break of the bottom support line and I suspect that we will see 7.50 as a first level of support. Remember this ratio falls as gold and silver rise primarily due to silver's ability to outperform on a percentage basis as gold has a law of large numbers issue going on. Looks like we are getting close. This chart follows the overall market fairly well when you look at the NYSE. Market can't rise forever. Continuing to be patient.
AMEX:GLD
by BobbySpa