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Post by radar on Jun 6, 2014 7:41:09 GMT -5
Aden's weekly comments are not too concerned about recent dip in metals; C rise may be at hand. "Keep positions." Regarding stock market.....continues to look bullish. Add DIA, QQQ's.
Maybe the train has left the station? |
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Post by simonsays on Jun 6, 2014 8:06:22 GMT -5
Payrolls appear to br an non-event so far. It's starting to look more and more like this will be a blow off top at some point. Glad I own some energy stocks. Yesterday was a day of notable breakouts for many stocks on the TSX.
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Post by simonsays on Jun 6, 2014 8:36:10 GMT -5
Stopped out of my Cameco trade from a week or so ago. Small loss. Nice rounded bottom failed.
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Post by simonsays on Jun 6, 2014 8:43:16 GMT -5
FNV closed at breakeven. This looks weak.
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Post by radar on Jun 6, 2014 8:50:01 GMT -5
FNV closed at breakeven. This looks weak. I like that chart! (Daily of FNV) |
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Post by simonsays on Jun 6, 2014 9:01:31 GMT -5
FNV closed at breakeven. This looks weak. I like that chart! (Daily of FNV) It is a nice chart, which is why I trade it over An ETF. :-) |
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Post by simonsays on Jun 6, 2014 9:02:15 GMT -5
In other news, I can't believe the VIX. Simply incredible.
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Post by radar on Jun 6, 2014 12:02:36 GMT -5
Options trader I follow looking for entry into GLD calls (probably next week)
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Post by radar on Jun 6, 2014 12:45:21 GMT -5
Options trader I follow IS BUYING GLD calls today July in the money.
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pkf
Junior Member
Posts: 52 
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Post by pkf on Jun 6, 2014 14:37:36 GMT -5
I like that chart! (Daily of FNV) It is a nice chart, which is why I trade it over An ETF. :-) The weekly is just a beautiful chart, but of course "weeklies" require extreme patience. On an another note, as I stated here last week, my condition for an equity short appears close to fulfillment. A Value Line close at or above 4525.50 will put me in "aggressively" on the short side. I will be risking approximately 2- 2.5% on the trade with an initial target of "one S&P close below 1872.83". Based on historical precedence, this target objective should be satisfied in a relatively short period of time. (1-4 weeks). |
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Post by radar on Jun 6, 2014 14:41:03 GMT -5
would be nice if July silver would close over $19
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Post by simonsays on Jun 6, 2014 15:04:22 GMT -5
I opened a NQ short at close. Couldn't resist.
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mp
Junior Member
Posts: 77
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Post by mp on Jun 6, 2014 17:38:23 GMT -5
Going back to this issue with neg. interest rates, I am seeing it as the ECB lending money to the banks and giving them extra (paying them to keep the money). If the Central Banks are giving money to financial institution and paying them to keep it, then why are the depositors getting charged fees up the ass...
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Post by daniel on Jun 6, 2014 22:53:36 GMT -5
Spitz.....(oops Platy). Your magic day approaches. Anything new we should know about??
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Post by platy on Jun 7, 2014 8:25:55 GMT -5
Spitz.....(oops Platy). Your magic day approaches. Anything new we should know about?? Monday Neptune turns direct, which is pretty reliable for at least a short term chance in both metals and stocks. Looks like it will be a high for both. Still expecting the 14th to be a major low for metals/high for stocks. |
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Post by platy on Jun 7, 2014 8:28:33 GMT -5
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Post by platy on Jun 7, 2014 9:19:32 GMT -5
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Post by platy on Jun 7, 2014 9:24:12 GMT -5
Merriman"On June 12 and 14, within the orb of influence of Mercury and Neptune turning retrograde, we find Venus in opposition to Saturn, and Mars square to Pluto. Venus rules partnerships and alliances, but in opposition to Saturn, there tends to be disappointments or unreasonable demands. But the greater concern is Mars square Pluto, which at the same time starts its translation to the whole Uranus-Pluto square, lasting through the end of June. This is a dynamic where a misdirection may be a cover up to an act of military aggression. Once again, it stirs up the natal charts of the USA and Russia. If too brazen and startling, it may also stir up the stock markets and precious metals markets of the world."
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Post by platy on Jun 7, 2014 9:44:42 GMT -5
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Post by simonsays on Jun 7, 2014 10:23:07 GMT -5
I trade off of a variety of technical indicators with some intuition thrown in for good measure and I must say that this market feels very weird to me. The behaviour of the VIX in particular suggests that something big is around the corner. That this action lines up with Platy's turn dates makes me even more cautious.
The problem I have is that I am going canoeing in Northern Saskatchewan on Thursday where there is no internet or cell coverage and I won't be back until Monday evening. This is the longest that I am ever away from the markets each year and it's occurring at what I suspect is the worst possible time. I will still have some market access on Thursday so hopefully I can make it work.
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Post by platy on Jun 7, 2014 11:49:50 GMT -5
Canoeing, how fun! I hope you have a great time!!
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Post by simonsays on Jun 7, 2014 20:57:36 GMT -5
Canoeing, how fun! I hope you have a great time!! It always is!   |
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