rjchilia123

rjchilia123

I would like to see a rally up a couple bucks followed by bear follow thru.

rjchilia123

Looks like the early stages of an uptrend. I’m not particularly bullish on coal, like I am on Gold and Silver, but I think commodities are generally cheap. The downside to coal is the movement to clean energy but if the economy is bad going forward there will likely be less focus on clean energy. This etf has a lot of foreign exposure which is good for a falling...

rjchilia123

Look at some big names like Apple, amazon, Netflix, Tesla. Not full on sell signals just warning signs

rjchilia123

First time since February bearish Divergences. This is not a sell signal just a potential warning sign.

rjchilia123

I am ultra bullish on these Gold to 5k+ but this feels like fomo to me. This is the biggest gap between the 200 period moving average on the daily charts in many years. I definitely am not adding to my metals/miners positions, wait for a pullback. I know I thought a pullback might be coming sooner but that’s because I got in so early. We have cut thru every...

rjchilia123

Still sideways, unfortunately you can’t really trade the major indices for swing trades until the market picks a direction. So you have to shorten your time frame and trade less with lower volatility. Some of the other sectors/ stocks are still moving for tradable swing trades, I will get some posts out on sectors/stocks other than the S and P 500.

rjchilia123

Right now the stock is pricing in God himself coming down and forcing everyone to buy a Tesla going forward haha. If you are in this stock congrats might be a good time to take gains. I mentally can’t hold onto something that I know is a massive bubble. Tesla has the worse earnings among the automakers, yet it has the highest valuation. I think maximum bull case...

rjchilia123

I was on vacation last week, sorry I didn’t post an update, but basically the market is still moving sideways, we need a break of either key support or key resistance + some type of follow thru to establish a trend. With that being said, should the market crash? Yes highly overvalued. Will the market fall significantly, probably not because so much depends on a...

rjchilia123

I don’t care what happens until we break 3234 or 2932 it’s sideways, like I said in my week ahead we were either breaking down or entering some sideways. The current trend is sideways which means day trading only, no swing trades.

rjchilia123

We should get a good pull back soon, great buying opportunity coming

rjchilia123 Updated 

Technicals: The 10 year yield is in a downtrend, this is bearish. We broke every uptrendline no matter how you draw it (means we are either going sideways or dumping). Sell signals on the weekly charts. Macd bearish, stochastic rsi bearish etc. If we crash here we could see everything take a hit Gold, Silver, miners, commodities, foreign stocks, but the areas that...

rjchilia123 Updated 

Hertz to the moon, best comeback ever on the way. Just kidding, actually the current people buying are just bailing out the bond holders. That’s why they wanted to issue another 1 billion in shares. I’m not sure if the people buying know that in bankruptcy the bond holders get paid first and from what I can see in Hertz case there likely won’t be anything left for...

rjchilia123

We didn’t get as big of a pullback on Gold as I was hoping for, but Silver is overbought on daily, 4hr, 1hr, Gold has more room than Silver.

rjchilia123

Technicals We are waiting for high volume bear follow thru if we keep low bear volume we will look for sideways trading, if the bulls break above 3167 there is a high probability of record highs the bulls have enough room on rsi to get record highs. We saw aN initial weekly bear heiken ashi candle last week bears want high volume solid heiken ashi...

rjchilia123

We are taking another shot at the neckline. Remember our stop is $18.25 the last high. Remember Silver corrections can be mostly sideways which makes sense to form the right shoulder. Take a look at past corrections on Silver within bull markets, mostly sideways, even though on the last one (other than the irrational March dump) we dropped down 16% to 61.8...

rjchilia123

We backtested for a couple days along the neckline of the confirmed head and shoulders and as you can see today we started falling. $15.80 is a good target for a possible bottom to pull profits.

rjchilia123

Bears: All depends on if we break the 2936 low, with higher volume and the 10 year yield drops. If we break below 2910 I would look to short the next rally with a stop loss at 3170. Of course we have the fed promising to bail out markets yet again; now buying individual bonds, seriously is there anyone that they haven’t bailed out yet. Bulls: Want to see a...

rjchilia123

Possible long term inverse Head and Shoulders forming on Silver, we will have to see exactly how this pullback plays out with the short term confirmed bearish head and shoulders pattern.