Bear Cave 2 (Bull Allowed)

Sort by newest Sort by date
Re: SMT

SPY daily: Ok, the gap filled, and back below the 10 dma.... Waiting to see if the BTDer's come in..... At some point we will have more sellers then buyers, but for now the FED remains a Big Player.

https://stockcharts.com/h-sc/ui?s=SPY&p=D&yr=0&mn=4&dy=0&id=p69116202623&a=1033706605
ST trading: Pair trade - SDS and SLV

Day trading: NUGT - (BTD this morning...we shall see if we get a ST bounce) I trade NUGT based on the GDX chart below. Oversold and still hitting the lower BB so it's like playing a hand of Blackjack to me. It's a beer Money trade.

GDX daily: Bottom line the trend remains DOWN! This is a counter trend trade and a small one. Long NUGT too. (Note TSI using 13 tagged (-51ish)
 

Attachments

  • a.png
    a.png
    42 KB · Views: 83
  • a.png
    a.png
    63.5 KB · Views: 86
Last edited:

Attachments

  • a.png
    a.png
    36.4 KB · Views: 68
  • sc (3).png
    sc (3).png
    63.2 KB · Views: 69
Last edited:
Re: SMT

This gold/silver action is bizarre. So many saw this as the most straight forward trade in 2021. It really makes me wonder now when everyone is saying yields are going to rise..
 
Re: SMT

One would think some SLV stops were tagged this morning. We shall see what the COT does next week for SLV. Was this a planned attack or just a move lower based on the dollar?

A stop was tagged for one of the guys I track... Waiting to see if buyers come in before the close.

A placed a AGQ day trade close to the lows..... Beer money size! Trading AGQ using the 2 hour SLV chart...... SLV looks really ugly right now!
https://stockcharts.com/h-sc/ui?s=SLV&p=120&yr=0&mn=2&dy=0&id=p61222535898
 

Attachments

  • a.png
    a.png
    55.2 KB · Views: 73
  • a.png
    a.png
    36.3 KB · Views: 76
Re: SMT

$USD/UUP/SLV: The move up for the dollar continues and my SLV trade continues to move lower. Since UUP tagged the upper BB, I'm going to hold my SLV shares and add a few more. I'm far from my max position of 10% for any index I trade. We shall see how this plays out, but stops are getting hit for sure this morning. Some of those shorting the dollar are probably covering this morning and pushing the dollar even higher. My trade is based on a move back down to the 10 dma before I say uncle on this trade. LOL..... Well, maybe! The last hour of trading should tell us who is selling this morning. The next COT data might give us a clue if this was planned. If the commercials increased short positions then that is worth noting.

Watching the 30 minute for a possible turn so I can add a few more shares. This trade remains a loser for now. The low marker of $19.83 has held so far. I added some shares a tad under $20.00ish
https://stockcharts.com/h-sc/ui?s=UUP&p=30&yr=0&mn=0&dy=10&id=p63706017419&a=1034463138
 

Attachments

  • a.png
    a.png
    34.2 KB · Views: 77
  • a.png
    a.png
    33.8 KB · Views: 76
  • a.png
    a.png
    28.4 KB · Views: 77
Last edited:
Re: SMT

SPY daily close: Well, I remain long SLV and even added a few more shares today. It's all about the dollar right now.....

USD daily: Day 18 since the last USD DCL.

USD weekly and a closer look at the weekly cycle data: USD tagged the upper BB so we shall see how that plays out. This could be the start of a huge move up for the dollar as we see a flight to safety. All of this is STBD.....

Still holding my losing SLV trade, but smashing below the $20.00ish low area is NOT what I wanted to see.

SLV weekly:
 

Attachments

  • a.png
    a.png
    34 KB · Views: 84
  • a.png
    a.png
    25.2 KB · Views: 79
  • a.png
    a.png
    43.9 KB · Views: 73
Last edited:
Re: SMT

VTI daily: Will we get another tag of the 100 dma on the VTI chart and then GO GO GO? It depends on who you ask.
 

Attachments

  • a.png
    a.png
    30.5 KB · Views: 71

Attachments

  • a.png
    a.png
    30.6 KB · Views: 80
  • 121350405-shocked-man-eating-popcorn-and-watching-movie.jpg
    121350405-shocked-man-eating-popcorn-and-watching-movie.jpg
    87.9 KB · Views: 79
  • a.png
    a.png
    31.2 KB · Views: 77
  • a.png
    a.png
    36.2 KB · Views: 78
  • a.png
    a.png
    34.8 KB · Views: 77
Re: SMT

SLV 30 minute chart: My SLV trade is still in play, but I have NO LEVEARGE now (AGQ) until I can see how this plays out. I don't make predictions in this sector. I just keep it small, and stay nimble until a confirmed trend is under way. We are not there yet...... In fact, there was lots of damage done moving below the $20.00ish area. We shall see how this plays out in the next few days.

SLV daily: SLV remains below the 10 dma.

SLV weekly: Someone BTD......

I'm still Long SLV for a trade only.

For the record: I'm counter-trend trading as SLV remains in a downtrend on the daily and weekly charts. The 2 hour is on a buy signal, but that is about ST and day trading ONLY! SLV moved back above the 10 ma on the 30 hour chart..... That kind of trading is NOT for most folks.
 

Attachments

  • a.png
    a.png
    36.2 KB · Views: 73
  • a.png
    a.png
    36.2 KB · Views: 72
  • a.png
    a.png
    44.3 KB · Views: 71
Re: SMT

SPY daily: Now what? So far different from all the other dips we have had lately. A possible ICL coming our way? We shall see, and I will be watching. Waiting on my next siganl, and NO I'm not currently shorting any stock indexes.

Stocks Deliver Bearish Follow Through

We discussed on Tuesday how stocks lost the 10 day MA. Stocks delivered bearish follow through on Thursday.

Thursday was day 29 for the daily equity cycle, placing stocks in the early part of the their timing band for a daily cycle low. Stocks should break below the day 21 low of 4305.91 in order to complete their daly cycle decline. There are bullish divergences developing on the oscillators that often precede a cycle low. There is a chance that stocks will break below the day 21 low and form a bullish reversal, which would ease the parameters for forming a swing low. Still, we should wait for a swing low to signal the new daily cycle. In the Weekend Report I plan to discuss how stocks are also seeking out their intermediate cycle low.
https://likesmoneycycletrading.wordpress.com/2021/09/30/stocks-deliver-bearish-follow-through-4/
 

Attachments

  • a.png
    a.png
    123.3 KB · Views: 71
  • a.png
    a.png
    31.7 KB · Views: 70
Re: SMT

SPY/SDS/SSO daily: So "Free Lunch Friday" starts out with a move up. This chart has SSO and SDS on it and I do trade them on occasion in my ST trading account. We shall see how we close as we move into "Easy Money Monday". The Bulls will want to get back above the 10 dma if they can....
 

Attachments

  • a.jpg
    a.jpg
    188.3 KB · Views: 67
Last edited:
SPY daily: I guess it's time to put the 200 dma back on the chart for tracking. I'm not saying we will hit it, but we are getting closer. I'm looking to buy some SSO for my next ST trade using a stock index. For now I'm just watching the show, and doing some small day trades.


SLV 30 minute ST trading chart:

I'm still holding some SLV shares, but sold all my AGQ. A bunch of stops were hit when SLV moved under $20.00ish. Probably some of those same traders are buying positions back. We shall see what the SLV COT looks like after the close.

SLV daily: Hmmmmm... back above the 10 dma!
 

Attachments

  • a.jpg
    a.jpg
    187 KB · Views: 66
  • 121350405-shocked-man-eating-popcorn-and-watching-movie.jpg
    121350405-shocked-man-eating-popcorn-and-watching-movie.jpg
    87.9 KB · Views: 67
  • a.png
    a.png
    35.2 KB · Views: 64
  • a.png
    a.png
    36.1 KB · Views: 62
Last edited:
VXX 2 hour: How low will she go?

SPY daily: Just BTD - "Easy Money Monday is up next" I bought some SSO for a day trade. That means I don't hold overnight. A very nice bounce and getting close to the 10 dma again. The current market is great for ST trading, but some investors are probably saying WTHeck! The goal for the Bulls will be to close the SPY above the 10 dma..... LOL..... I will be going flat before the close. End of the month shopping is not for me to take MT positions. One would think Monday will be an up day..... If so I will trade what I see happening and not what I think will happen. Folks in TSP are unable to do that. It's best to have a Roth IRA for ST trading in my opinion. That way you can move as many times as you want, and you also don't have to worry about paying taxes on those trades.

10/01/2021 10:26:26 Bought SSO @ 119.0101

thomas
@VolumeDynamics

4h
BUY BUY BUY that Pelosi Hopium...
 

Attachments

  • a.png
    a.png
    18.2 KB · Views: 57
  • a.png
    a.png
    41.6 KB · Views: 57
Last edited:
You must log in or register to reply here.
Back
Top