MrJohnRoss' Account Talk

[MrJohnRoss]

Where is the bottom?

Just got a chance to look at GDXJ a little more closely. As expected, it's heading down today. My decision to get out paid off, as the up-move was a counter-trend rally that didn't last long.

I have trouble posting charts while I'm at work, but I did look at the Fibonacci levels on the daily chart. Based on the Dec low of 28.82, and the recent high of 44.60, we might expect a pull-back as follows:

$38.60 (35% retracement)
$36.74 (50% retracement)

My guess would be to fill the open gap that exists from about $39.50 - 38.50. So a Fib retracement down to the $38.60 level would almost take out that open gap, Therefore, we may see a low near $38.50-38.00 on this wave down. Watch for Stoch and PPO to begin heading higher before squeezing the trigger on the buy side, along with a possible double bottom to watch for.

 

[MrJohnRoss]

AAPL had a nice turn-around today, and broke the down-trend line that's been in place since Feb 19. Big buyers look to be stepping back in.

 

[MrJohnRoss]

Sold off perhaps 40% of my stock portfolios this morning. I held plenty of Chinese stocks, which have been trending down, and many high flyers I track are curling over to the downside. That being said, I did pick up some Rexahn Pharmaceuticals (RNN) at $1.19.

Not sure we have much gas left in the tank. No sell signal for the S Fund yet, but we're getting closer...

Holey Moley!

RNN (up +10%) is on a rocket today!

Would you sell, or would you hold? Hmmmm...

 

[RealMoneyIssues]

Holey Moley!

RNN (up +10%) is on a rocket today!

Would you sell, or would you hold? Hmmmm...

Can't go poor taking profits, but if it turns and you make it an investment... well, you know how that goes. How much more do you think it will do, whether the market goes UP or DOWN???

 

[GUCHI]

THATS WHAT I'M TALK N BOUT.....

AAPL had a nice turn-around today, and broke the down-trend line that's been in place since Feb 19. Big buyers look to be stepping back in.

 

[MrJohnRoss]

Can't go poor taking profits, but if it turns and you make it an investment... well, you know how that goes. How much more do you think it will do, whether the market goes UP or DOWN???

RMI, I've done some due diligence, and RHH looks like it's got a lot going for it. I usually only trade the technicals, and could care less what a company does. However, from what I've read about the company it has a great pipeline of drugs in various stages that are lining up to possibly produce some blockbuster cancer fighting weapons. The company could go big, or, very likely, could easily be bought out by a big pharma. Either way, I think the stock has a lot going for it in the longer term. We shall see....

 

[RealMoneyIssues]

RMI, I've done some due diligence, and RHH looks like it's got a lot going for it. I usually only trade the technicals, and could care less what a company does. However, from what I've read about the company it has a great pipeline of drugs in various stages that are lining up to possibly produce some blockbuster cancer fighting weapons. The company could go big, or, very likely, could easily be bought out by a big pharma. Either way, I think the stock has a lot going for it in the longer term. We shall see....

No doubt, it really depends on why you entered the trade, what your target price is, and your money management scheme is... you have put in a break even stop, right?

 

[MrJohnRoss]

A rather nice day for the markets. Raked in another tidy pile of cash.

System results:

DUST remains a hold, up +1.37% today.

URTY remains a hold, up +1.65% today. The uptrend line for URTY/TNA is absolutely phenomenal, and I lucked out and timed the buy point almost pefectly.

S Fund and C Fund both up nicely. One more trading day left for Feb. As Tom's charts show, seasonality is good for the next few days, so maybe we'll rake up a few more piles before it's all said and done for this wave.

 

[MrJohnRoss]

Just looked at the autotracker. Puzzling to see the top 50 almost all in the F Fund. Only 6 are 100% S. Hmmm... Once again, I ask the question... do they know something I don't know? Quite possibly, but I still like my long position in S. Here's hoping they stay in F another few weeks. I'll honk and wave as I pass them by. Even MaStA's getting ready to break into the top 50. Yowza.

 

[MaStA]

Just looked at the autotracker. Puzzling to see the top 50 almost all in the F Fund. Only 6 are 100% S. Hmmm... Once again, I ask the question... do they know something I don't know? Quite possibly, but I still like my long position in S. Here's hoping they stay in F another few weeks. I'll honk and wave as I pass them by. Even MaStA's getting ready to break into the top 50. Yowza.

lol! What's that supposed to mean? :embarrest:

 

[MrJohnRoss]

lol! What's that supposed to mean? :embarrest:

Don't know how you did last year, but my returns were sub-par. Not very often we get bragging rights.

 

[MaStA]

Don't know how you did last year, but my returns were sub-par. Not very often we get bragging rights.

I am already over half of what my last year return was.

Sent from my SAMSUNG-SGH-I317 using Tapatalk

 

[MrJohnRoss]

Wow. Just wow...

The Asahi News Network has posted video of MtGox CEO Mark Karpeles' Tokyo press conference admitting all 850,000 Bitcoin — worth nearly half a billion dollars — held by the exchange are gone, and that the firm is filing for bankruptcy.
"We have lost Bitcoins due to weaknesses in the system," the France-born Karpeles said in Japanese according to the AFP. "We are really sorry for causing trouble to all the people concerned," he said, before bowing deeply.
MtGox was once the world's largest Bitcoin exchange. Federal investigators in both Japan and the U.S. have launched probes into possible criminal conduct there.

Read more: MtGox Bankruptcy Japanese News Video - Business Insider

​

 

[RealMoneyIssues]

Wow. Just wow...

The Asahi News Network has posted video of MtGox CEO Mark Karpeles' Tokyo press conference admitting all 850,000 Bitcoin — worth nearly half a billion dollars — held by the exchange are gone, and that the firm is filing for bankruptcy.
"We have lost Bitcoins due to weaknesses in the system," the France-born Karpeles said in Japanese according to the AFP. "We are really sorry for causing trouble to all the people concerned," he said, before bowing deeply.
MtGox was once the world's largest Bitcoin exchange. Federal investigators in both Japan and the U.S. have launched probes into possible criminal conduct there.

Read more: MtGox Bankruptcy Japanese News Video - Business Insider

​

I could EASILY disappear with half a billion dollars... why did he come back...

 

[nnuut]

I always thought Bitcoin was FUNNY MONEY or funnier money, or sucker money!

 

[MrJohnRoss]

I could EASILY disappear with half a billion dollars... why did he come back...

Yes, seems to me there are plenty of layers of this onion that need to be peeled back to find out the real truth.

 

[JTH]

Bitcoin is the new gold...A good rule to live by is never to trust ones and zeros, if man can invent it, man can break it...

 

[MrJohnRoss]

I always thought Bitcoin was FUNNY MONEY or funnier money, or sucker money!View attachment 27358

You know you're in the bubble stage when you start getting emails and advertisements on how to make "big money" using Bitcoins. Anyone else getting those offers in the last few weeks?

 

[MrJohnRoss]

Bitcoin is the new gold...A good rule to live by is never to trust ones and zeros, if man can invent it, man can break it...

Wait, isn't that how the gub'ment prints THEIR money??? :blink:

 

[MrJohnRoss]

Now that AAPL has resumed it's uptrend, TQQQ is really rocketing. AAPL had been to TQQQ like trying to drive the car with the parking brake on. Glad we got that cleared up.