MrJohnRoss' Account Talk

[MrJohnRoss]

Picked up some GDXJ this morning @ $35.39. Not the best timing, as we could see a short term pull-back, but this is for the long haul.

 

[MrJohnRoss]

The best Christmas present I got last year was one I bought myself...

VIPS @ $84.50. Up about 20% since purchase.

 

[JTH]

The best Christmas present I got last year was one I bought myself...

VIPS @ $84.50. Up about 20% since purchase.


View attachment 26745

That PPO looks primed for a breakout!

 

[MrJohnRoss]

... and in the interests of being fair, let me tell you about one of my stock purchase failures.

Bought QIWI on Jan 13 @ $54.49. This is a Russian payment system company that has been going ballistic all year. Finally got a pullback, and what looked like the beginning of a move higher, so I pulled the trigger.

THE VERY NEXT DAY...

The stock absolutely got crushed, as news broke that the Russian gov't was going to consider limiting payments across their borders, which would directly affect the revenues of this company.

UGH. Talk about a black swan flying in out of nowhere! Absolutely unbelievable. Sold for a one day loss of about -20%.

 

[MrJohnRoss]

That PPO looks primed for a breakout!

Yeah, looks like about a three month consolidation area. Now time to grind on higher for a while. Rinse and repeat for best results. :toung:

 

[rktect1]

Well at least you didnt buy best buy, right?

 

[MrJohnRoss]

Well at least you didnt buy best buy, right?

BBY was a hot stock for many months last year. The stock gapped down in Nov, and could never get above it's old high. That was a sure sign of trouble. Then it slumped lower for many weeks. The recent news was the final bullet to the head for this stock, although, just like JCP, there are ways to make good money on partial bounces.

 

[MrJohnRoss]

Picked up some CNIT this morning at $5.99. This will be my 2nd trade with this stock. My previous trade was a buy last Nov at $5.57, and a sell a few weeks later at $6.69, for a gain of 20%. Not sure if this trade will work out as well, but we'll soon find out.

 

[MrJohnRoss]

Dang! NUGT is up big time today, currently over 9%. Extremely short term traders may want to consider selling all or a portion of their holdings. The 2 hr chart shows we're near the top of the upper channel, which may be a good place to take profits.


View attachment 26748

(By the way, the system remains long.)

 

[MrJohnRoss]

wish you can give a signal to sell or hold those NUGT before closing time.

law87, this is for you:

System remains on a hold for NUGT and for URTY as we head into the close.

 

[law87]

law87, this is for you:

System remains on a hold for NUGT and for URTY as we head into the close.

I was going to buy DUST since it such a big move up for NUGT today, ussually they pull back a little after a big day.

 

[MrJohnRoss]

I was going to buy DUST since it such a big move up for NUGT today, ussually they pull back a little after a big day.

The gap up in NUGT may eventually get filled, so you may be right. Good luck with your trade.

 

[law87]

The gap up in NUGT may eventually get filled, so you may be right. Good luck with your trade.

I say that but I dint take the trade, I was busy so I lost track of time... I'm waiting for you to sell NUGT so I can jump in.

 

[MrJohnRoss]

System results:

NUGT remains a hold. Up +5.09% today.

URTY remains a hold. Up +1.76% today.

 

[MrJohnRoss]

It looks like a box of money, but take a second look...

 

[nnuut]

It looks like a box of money, but take a second look...

Wow that looks impossible! Such detail seems way over the line of believability.

 

[MrJohnRoss]

Dang! NUGT is up big time today, currently over 9%. Extremely short term traders may want to consider selling all or a portion of their holdings. The 2 hr chart shows we're near the top of the upper channel, which may be a good place to take profits.


View attachment 26748

(By the way, the system remains long.)

Looks like we're close to a sell signal with NUGT, but not quite yet. The system will never get you out at the exact top, so short term traders selling at extremes like the last few days would have been advisable.

 

[MrJohnRoss]

System results:

Despite a negative day for the miners, the system stays long NUGT by a hair. NUGT down -7.42%. We were due for a pullback after such a strong move higher.

URTY remains a hold. Up +1.47% today.

 

[MrJohnRoss]

System results:

NUGT remains a hold, up +7.67% today. Both GLD and SLV up nicely today, as are the miners. AGQ up +2.40%, and GDXJ up +2.34%.

URTY is too close to call, down -2.00% today. If I had shares, I would hold on for another day to see if we get a bounce higher in the markets. If we don't get a bounce soon, it may be time to re-think that strategy.

I do like what I see in the 2 hour charts of the S&P. The final candle for the day is a nice white candle that basically reverses the previous red candle. That's a good omen for a come back rally.

 

[MrJohnRoss]

Made a short term move to the F Fund for a few days. Mr. Market is curling down. Maybe this is the bottom, and it'll bounce right back on Monday, who knows for sure. But then again, maybe it's got a few more weeks of grinding lower. In any event, I'm going to temporarily step aside and follow my indicators. This kind of move bit me last year, but perhaps this time it really will be different. I'm going to follow my technical system, and leave "hope it goes back up" to others.