Rick is not particularly optimistic at this point.
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Interesting musical duo, Franky!
I just Bought GDXJ and think we’ll get at least a decent rally before we have to worry about $25.
Hi Matthew… is GDXJ oversold now technically?
Hi genesys, only very short term -5min, 30min, 60min etc. Trading JNUG/JDST or options based on the 5-10 minute chart can be very profitable.
oh.. ic.. you’re talking about day-trade.
For now, yes, but buying some amount for the longer term right now makes sense too, in my opinion —especially for the selective stock-picker. Significantly lower prices are not a certainty.
Longer term genesys Id wait to at least after fomc. I expect lower prices,
Man.. you’re good.. I checked that since the time you bought… now you already make some money.. :D.. good for you man!
A little luck never hurts. By the way, I am short SPY again as of this afternoon.
Yes matt is good at picking bottoms but remember he is a minute trader and gets out before you even know it. For longer term like i suspect you want id wait till next week.
Thanks Glenfidish… I sure wont follow Matthew as I cannot do minute by minute like that… I’m not sure if I will jump after fomc too as it seems Fed will not change anything fundamentally…. maybe after nov 30 when swiss vote.. what do you guys think…?
The setup turned turned less favorable and am no longer short SPY.
I can’t disagree Matthew al the best !
Matt,
I personally would have waited for gdxj to hit its 52 week low. That’s a minimum target on my indicators and a very obvious one. If im wrong then i will admit to it.
All short squeeze indeed. Rick. I remember this went on for longer than many thought possible at earlier stock market tops and trying to time a top, at least for me, is a matter of luck. But I’m pretty sure its coming.
You better start PRAYING BOYS ! https://www.youtube.com/watch?v=vNRwrC-B5AU