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Post by huh on Oct 6, 2016 11:36:36 GMT -5
GDX has both a H&S downside target and a gap fill 20.05-20.15. Only bullish on it now if it breaks >23.74 before then. However, if/when it does hit that low target, it could see a massive run as high as a little >32 Huh-- if you don't mind my asking, what is that low target you're referring to? Thanks. The 20.05-20.15 H&S target/gap fill. Can't be bullish until it tags that, or breaks >23.74. But in the meantime it could easily pop to ~23.51 here to fill the daily gap and test the FIB from yesterday's afternoon high. |
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Post by huh on Oct 6, 2016 11:39:21 GMT -5
I'm thinking once the market sees this final blow-off move, the set-ups will be:
Short indices/individual names (many already showing 30-50% down or more, FTSE is already showing a 40% pullback)
Long VIX
Short oil
Long Gold/Miners, at least for a little while (gold to ~1500, GDX to ~32)
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Post by huh on Oct 6, 2016 12:00:38 GMT -5
So who's next to buy TWTR? Maybe a resurrected Lehman Brothers? Short TWTR against 23.75 Doh! Breaking higher. Next resistances 25.00 and 27.60. If shorted TWTR and want to capture short term gains, use a stop now if rises >20.21 |
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Post by huh on Oct 6, 2016 12:05:41 GMT -5
Adjust the GPRO target down to 17.60's. If hit, the swing trade would still be good for nearly 20% GPRO Upside target hit for ~19% gain FIBs worked poyfectly in GPRO.  |
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Post by huh on Oct 6, 2016 12:13:00 GMT -5
Market still stuck in super slo mo I see  |
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Post by walnut on Oct 6, 2016 14:24:38 GMT -5
Went ahead and sold tomorrow's puts for the short VXX I have, this too slow this week.
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Post by dino on Oct 6, 2016 15:50:32 GMT -5
I'm thinking once the market sees this final blow-off move, the set-ups will be: Short indices/individual names (many already showing 30-50% down or more, FTSE is already showing a 40% pullback) Long VIX Short oil Long Gold/Miners, at least for a little while (gold to ~1500, GDX to ~32) Long VIX Short oil Long Gold/Miners Those are the three I'm eyeing, FWIW.... Gold futures almost there... |
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