Yesterday’s AAII sentiment results shows the second highest tally of bears for the year at just shy of 40%. This is what I call the popcorn set-up.
As I’ve always said, happy to bet against pessimism and fear every day of the week.
With the FANG, Biotech and Semiconductor set-ups all in sync, hard to see much downside until we get a fast move higher.
Hope your week was as good as mine.
OA
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Gold. What a bummer. Can’t seem to go down
Don’t talk about my trades please. Heckle your own.
I’ve been in Jdst
Yeah, you sure killing it with that DGLD trade. Maybe you should add up to it.
You must’ve been the guy who put his whole account behind SNAP.
I am the guy who put his whole dick and balls into your mother’s bunghole
lol….these illiterate fucks can’t even get terminology right.
Ahhhh….the trolls are coming back, good to see!
OA, any interest in CEVA? Might be in the iPhone. Thoughts on its chart? Thanks
RDFN gap fill. UAL in the dumps. Bought UAL and looking to buy into RDFN here.
OA – Any prior IPO’s with similar setups to RDFN? Was looking at GPRO but its not quite the same
Can we talk about the oil names, specifically oil services and fracking co’s. Seems like these are beat the f down to lows seen when crude was sub -$30 yet crude has been in the 40’s all year. Wonder if there’s a rotation trade here. Year end tax selling might keep them down for the next few months but wanted go get your opinion OA. $CRR $SLCA $SN $WLL $APC etc.
XLF looks to be in a good spot. I took down some COF and GS last week.
hey “oa sucks dicks” if you’re going to be a douchebag,at least be correct. That said, DGLD is in the sweet spot to buy. Even us old trolls remember the JDST mega win from back in the day. Gold is a bucket of turds at this location.
OA is an arrogant douche bag of prime order, show-boating how his week was so great while conveniently staying silent on the hit he took on his short gold…. and further lambasting others no to talk about his trades. He can go suck a bag of dicks.
He has always highlighted the good while glossing over the bad. I remember SUNE was a big long term position he held that went to 0. I could name a handful of others. He’s an average trader at best and a horrible long term investor.
lol…then that explains why you still read?
I dunno, a couple of his stock longs have done pretty good this year just over a 2 or 3 month holding period. $SID, $ONCE, hell he’s even up on $SNAP. Some of those open positions pay for a lot of losers and leave you with a substantial net gain. Plus he’s killed it in some option trades. I took his $FCX and $CLF picks as big leap positions and they are presently quite green. You can get spanked in a sector etf or index etf or on index options just as easily as with stock. And some of these heavily shorted stocks pay nice interest if you’re in a stock lend/borrow program. He’s definitely better at this shit than I am. And in 2009 I made a ton of money with just stock. No options. Imagine what he can do in another 2009. We’re closer to another 2013 or 2009, not another 2014/2015. One thing’s for sure, shitting on the guy is not gonna make you rich.
Why don’t you stop being a troll and sign up for his service…..you might learn something rather than taking free advice and then complaining about it
I’m going to add up to my $dgld position tomorrow. Probably another 25%, leaving a small add if I am so inclined . If its down again I may add the whole 40% left because my stop will be a bit more conservative from higher gold prices
DGLD reminds me of UWTI It was a hell of a trade: http://www.etf.com/UWTI
How does this remind you of UWTI?
Anybody who actively trades – someone could pick a snapshot of his or her trades at different times to paint a good or bad picture. For example – the very start of this year – when BABA was in the upper-80’s/ low 90’s – OA said he looked at it as a great trade on the long side in the short-term and the long-term. In the short-term it popped at that time – and now in the longer term it is a little above 170.
The SNAP idea – when first presented – was great and I am happy to say I made some good quick cheddar and then fortunately did not try and make more cheddar from it. From what I saw – a lot of people who missed the first quick SNAP move higher – put on way too much risk figuring a continuation was a given and then became irate at OA once the continuation did not take place. If they had not put on too much risk it would have been an “oh well” trade rather than a “I don’t know if I can forgive OA for this one” trade. Plus – ironically – OA had caught the first move higher and so for him the fact it didn’t continue was not even such a bad thing whereas for those who missed the first move and then risked too much – of course it was much worse.
DGLD bullish? What am I missing?
http://schrts.co/R71cwp
Seems to be headed down to S1 to me. Could be wrong.
You’re missing plenty, I assure you.
$39.00 is a magnet, imo. We’ll see. GL
$36 area in the end most likely.
DGLD reversed:
http://schrts.co/yEXJBQ
Nothing “bearish” about this whatsoever
UUP…dollar weak
http://schrts.co/b6D29q
Holy shit. You going to be the reporter today? No position, just an opinion?
Correct. No position. I just saw the buy and took a look at it to see the setup. Like I said, I must be missing something. Did you see the monthly candles? The broke out of a falling wedge.
Not trying to be a Richard…just don’t see the bullishness in DGLD here as it looks like it has much more room to fall. I know you have to be looking at something else and that’s ok
I do, however, hold a few calls in SLV. SLV looks great here Imo. Won;t post charts, etc. since DGLD is based on Gold and not silver. But they do usually go hand in hand.
The preponderance of trollish comments on DGLD has prompted me to take a position. Stop is set, now wait.
Wait. Just because someone posts a chart that shows the downtrend in DGLD makes them a “troll”? Weird.
I laid out my reasoning already. It will require more than 20 minute intervals to work. My time frame is weeks to months.
That makes sense. I did not know you were looking longer term. My apologies. Short term, bullish.
stay long now. get short later. probably the better play.
Tell us then, what signals the change?
This wasn’t about you; I called no one a troll. Trollish comments just mean a bunch of people ripping on the trade.
Chart showing the GLD breakout…knocked three times and BTFO. hard to argue this:
http://schrts.co/Tniruh
relevant to your discussion last night, it’s interesting that $AMBA stopped exactly at the largest bar of volume.
also added to $DGLD at $41.95. Room to top it off, but that’s it.
You will be able to get DGLD cheaper. Every intraday dip in gold and silver today is being bought and are sporting nice hammers of support. Very nice action and SLV calls continue to head higher. Nothing bearish about gold or silver here SHORT TERM whatsoever.
R1 is a magnet for GLD. Still room to run next week.
http://schrts.co/v6YQXU
For a stock buy, i’ve learned to not get obsessed with tapping the exact low. I just want to be close. Short term options are different, of course. But I’m just concerned with the opportunity to bulk up a position and not get left with a real winner and a 50% position on. I’ve had too many of those in the last 2 years.
If we probe the 30’s I’ll top off my position or go to 120% position. I don’t have any hard and fast rules because I answer to no one.
Sounds like a plan, TJ. I simply use the aforementioned charts as my guide. So far, so very good. GL
http://schrts.co/R71cwp
You’re most welcome.
No reason to be taking a stab at buying a falling knife until target are hit…that was my point.
Phil, if anything your furious commenting here is lending to my idea.
Look at this record low in the P/C ratio on Gold. Full blown retard money spent here.
If you understood volume profile, shorts are letting this close here to fuck you next week.
A little sell off to end the day I would not mind…. happy long weekend – make sure to unwind and relax.
OA – if you are looking for discussion points on a quiet friday AHWOA, I’d love to know if you think my beloved $GPK rescued itself, or if I’m still fucked. I’ve got until Dec with my calls, but I can still recover some premium now if it looks like we’ll be consolidating under balance for the next 6 months. Thanks!
Option, This is all I care about as I continue to hold calls. This is a very bullish chart and there is no bull trap being set that I can see on any timeframe. The higher SLV goes, the higher GLD goes because they are pretty much tied together albeit I think silver is the better play of the two. This is headed higher next week imo. Another nice bullish hammer today as it heads up to first target. Nothing of concern here right now,
http://schrts.co/JNRJUS
Phil, post me a 5 year chart of SLV and show me why this spot is bullish without any emotional ties.
Are you letting a five year chart tell you where this is headed next week? That doesn’t make much sense to me. I’ll stick with the charts I posted for the shorter timeframe moves.
Phil none of your fucking yammering has made any sense. This will all prove to be great show for next week.
These simple to read, clear and concise bullish charts for SLV and GLD make no sense to you? Today’s bullish doji’s for same make no sense to you? Interesting.
Mad lolz, so many…motherfucking lolz.
http://schrts.co/SA551C
Clear as clear can be short term. Have a great weekend OA.
Up close…strong move into the close.
http://schrts.co/3y7jP7
$AAOI – right here ?
http://www.mcoscillator.com/learning_center/weekly_chart/gld_assets_spike_higher/
Point being – risk/reward short-term favors gold shorts.
Point being…trust thy charts and don’t give so much weight to PC ratios to base a trade.
That comment was to point out what type of crowd is betting here. But you’re doing a really good job of illustrating this point.
OA – thanks for the awesome market insights and trades past two weeks. This was one of the best weeks of the year for me. Been building equity consistently all summer (not in a straight line, but I’m higher after each successive pullback than the last pullback since late April – with no delta hedges on – which is a very good sign). A very substantial part of that is off your stuff. It’s good to invest in non-correlated assets and diversify and a commodity or currency bet here or there is a great way to do that. I’d rather short gold here after a decade of Rush Limbaugh radio infomercials on buying the stuff for the coming nuclear winter. That concept and the technical line of price rejection here – to me its a bet that totally makes sense – and will probably work within a reasonable time frame of weeks or a few months. The yuan, copper futures, and FXI all look like the same chart for over a year. Amazing to me the correlation there. I wonder if weakness in any one of the three in the coming months might be what ultimately leads the market down. The work you do is especially hard – engaging with the public and with clients and yet still managing to come up with outstanding trades and investments. Have a great Labor Day Weekend!
Funny how charts predict news. N.Korea tests h bomb….breakout in gold and silver last week will run next week. Take a look at gold and silver plays. Tuesday the PM’s fly higher
https://stocktwits.com/astruzynski
Japan bans ICO’s and the N Korean blowback is really heating up. News filled weekend that will give silver/gold even more fuel on the heels of last weeks major breakouts. Again, funny how charts predict news. Shaping up to be another strong week for the PM’s as predicted by last weeks BO.
Haha. Wow. Gold. Guess we were all early to get short
Yeah, ouch. Half a percent.
https://www.bloomberg.com/news/articles/2017-09-04/mobius-foresees-cryptocurrency-crackdown-sparking-a-rush-to-gold
Half percent?? Haha. How about from your originally buy? You wish only half percent
Stop narriating my trade you fucking cocksucker. Don’t act like you even belong in an intelligent conversation.
Planned out 3 buys on the way down for a multi-month hold. 2 down and a weak move in Gold during the process. I’m capable on my own here, but thanks for your concern.
Agree with OA that multi-month very different than shorter term trade. I am only concerned with week to week/day to day timeframe. Until we get a blowoff top, big dap down opening on volume, the trade is to stay put and ride it. My SLV call options are only focused in this week for now. Looking good.
This is why you don’t use a five year chart to predict what GLD will do this week. Still scratching my head on that call. Table is set for higher prices with a gap up. Pardon my yammering LOL
For the fifth Fucking time, this isn’t a one week trade. So yes, stop incoherently repeating the same shit.
But on Friday you said, “If you understood volume profile, shorts are letting this close here to fuck you next week.”
And then you followed up with, “Phil none of your fucking yammering has made any sense. This will all prove to be great show for next week”
You really should learn to “own it” when you make such bold comments like that. I showed you clear charts for my reasoning of continued upside this week. I ask you, who turned out to do the “fucking yammering” on Friday? It was in fact, you.
I only commented because you wouldn’t shut the fuck up.
Oh, got,it. Why did I know you would come up with an excuse like that? LOL
Gold BREAKING THE FUCK UP AND OUT AGAIN THIS WEEK. Tried to show you t.he charts but you “couldn’t understand them” per your own comment. Sorry they were above your head! 😉
Keep the winking and your charts to yourself faggot.
I feel like I getting punked by Corky Thatcher here. This is so gay.
Your an angry little Elf, aren’t you? You put yourself here with that silly “look at the five year chart” to predict next weeks trend yammering. SLV futures up .87% champ for a continued gap and go from last weeks mulrimonth breakouts. You’re whining like a little bitch now. Man up
How you missed the major trend line breaks to the upside in both silver and gold is nuts. Head scratcher for sure.
Phil, go fuck yourself. Seriously. Nobody cares.
Good lord just get a set of pom poms and a skirt and cheerlead every penny grossman. And stop getting chubs all excited
No need for pom poms when I still hold 247 Sept SLV calls 🙂
Can someone ban this Grossman clown? wtf
Right?
Like what the fuck? Read this whole thing from the start. It’s the most bizarre read ever.
What is so bizarre about it? Because someone merely offered a different opinion from yours and backed it up with simple to read charts? Interesting.
The only thing bizarre is your reaction to it. Enjoy “the show” this week. Shorts going to get a good flogging again. In your case, a well deserved one.
The Fucking Yammerer
We agreed on comment two that we are trading on different time frames and analysis but you’ve been spinning in fucking circles since.
Just shut the fuck up and go bother someone else for fucks sake.
Not true. After we agreed on different timeframes, it was you who said the only reason gold was closing strong on Friday when I poin we it out was because the shorts were gong to fuck bulls and had I understood volume profiles, I would see that. When I posted the charts showed continued strength for next week, you told me to look at the 5 year charts and I called BS. Finally, you replied that this week will be a good show. So there yo have it. You were furiously telling me how wrong my short term charts were.
Now you backpeddle and say you were only talking months. So whimpy. What happened to the good show this week? You don’t seem enthused about that now, champ.
Simply put, you should not have popped off so vehemently about what was going to happen this week. Made absolutely no sense whatsoever.
Shut the fuck up already. Go start our own blog if your so god damn intelligent. Nobody cares about you
Phil, shut the fuck up. This is so unbecoming of you. Gold is up one percent and you’re jerking yourself off into a near coma. The week will play out as I said and you’ll still be jerking off for no reason.
Phil Grossman is the reason I’m buying DGLD.
Unfortunately, he’s been right the last 2 weeks
NOBODY ARGUED HIS TRADE TWO WEEKS AGO YOU FUCKING NUT SACK. WHY ARE YOU SO FUCKING RETARDED?
http://schrts.co/7NnkDi
SLV calls up another 40% this morning. This is a great show indeed. More to come. Simply refer to the charts I posted on Friday. There’s one for DGLD as well so you know where it’s headed. You’re welcome.
OA or anyone – thoughts on TECD down 27 after earnings a couple days ago.
Not my wheelhouse to buy things people are panic selling. Good luck.