I have found it very interesting that the ES is projecting a "leg up" which just happens to coincide with the FOMC meeting Wednesday, which I think afterwards you will see the metals gap up for atleast the next 2 days. With yesterday's buy I tripled my position in JNUG. yesterday at 17.95 to average down to $20.
As Sanford pointed out, it seems the crossovers are days behind so I am starting to jump on positions when I see the HMA's start to hook up or in the next instance down, at which point I will buy DUST.
Seeing that the metals are so volatile, the gains through the highly leveraged ETFs on up and down swings are substantial enough that I am probably just going to trade those and stay away from options since there is no time element associated. (i.e., even if I buy at the wrong time, the theta decay isn't going to kill me like it would on an option).
ballsy. They could easily smash it post FOMC. I think there is a good chance they will, but at the moment it is not just bullish, it is also a weekly buy and a buy on pretty much all the intraday frequencies.
I think the statement tomorrow will be extremely dovish. Like Greg said the other day, we are in an election cycle and they have self interest in getting Hillary in. I think they will mention tomorrow that there are no rate hikes on the table for the rest of the year.
OC15 I have some different inputs to tweak the indicators on Tradingview. Let me know if you want to try them. Be careful trading the metals market until after the FOMC meeting. I think we are truely coming to the end of King Dollar's reign. All kinds of crazy is coming.
' Hillary Withdraws' the smokescreen that will work world wide :) I got into Silver looking at the TV signals and the modified signals that Sanford has. Fingers crossed.
' Hillary Withdraws' the smokescreen that will work world wide :) I got into Silver looking at the TV signals and the modified signals that Sanford has. Fingers crossed.
I have found it very interesting that the ES is projecting a "leg up" which just happens to coincide with the FOMC meeting Wednesday, which I think afterwards you will see the metals gap up for atleast the next 2 days. With yesterday's buy I tripled my position in JNUG. yesterday at 17.95 to average down to $20.
ReplyDeleteAs Sanford pointed out, it seems the crossovers are days behind so I am starting to jump on positions when I see the HMA's start to hook up or in the next instance down, at which point I will buy DUST.
Seeing that the metals are so volatile, the gains through the highly leveraged ETFs on up and down swings are substantial enough that I am probably just going to trade those and stay away from options since there is no time element associated. (i.e., even if I buy at the wrong time, the theta decay isn't going to kill me like it would on an option).
ballsy. They could easily smash it post FOMC. I think there is a good chance they will, but at the moment it is not just bullish, it is also a weekly buy and a buy on pretty much all the intraday frequencies.
DeleteI think the statement tomorrow will be extremely dovish. Like Greg said the other day, we are in an election cycle and they have self interest in getting Hillary in. I think they will mention tomorrow that there are no rate hikes on the table for the rest of the year.
DeleteAT this point I think Hillary's health takes her presidency off the table. I think they will cancel the election.
DeleteOC15
DeleteI have some different inputs to tweak the indicators on Tradingview. Let me know if you want to try them. Be careful trading the metals market until after the FOMC meeting. I think we are truely coming to the end of King Dollar's reign. All kinds of crazy is coming.
They could definitely pull a black swan out of the hat with respect to that.
ReplyDelete' Hillary Withdraws' the smokescreen that will work world wide :) I got into Silver looking at the TV signals and the modified signals that Sanford has. Fingers crossed.
ReplyDelete' Hillary Withdraws' the smokescreen that will work world wide :) I got into Silver looking at the TV signals and the modified signals that Sanford has. Fingers crossed.
ReplyDeleteThey like to be misleading. So I think never hike means act like you will hike.
ReplyDelete