This is what is getting me. A whole bunch of BS. They say retail is taking over and I showed those charts. Perhaps this is the insiders way of holding up stocks while also finding someone to sellout to?
Thinking we are gonna digest some of the gains since mid-March...I have identified what seems like likely downside targets. This is predicated on our not taking out the recent $12 highs.
All the tech indicators are looking corrective although some like the MACD and TSI havent yet made a crossover.
I have been 2/3 in for past few weeks as I took off 1/3 - perhaps a bit early but no need for greed. I will be looking to redeploy hopefully not too far from the bottom of this correction.
I have begun researching what I think might be the best plays for the next move higher and SILJ will definitely be one of them. I currently have some AG which I also think might do well next leg (along with CDE). But - I prefer the ETFs as the risks are more diversified. I think a pretty significant inflow of money is gonna come into this ETF in the coming months. My only beef with this stock is that the longest dated option is Oct2020...no LEAPS are available on it...That gives me less recovery time if I make a bad entry...so I gotta do my best to nail an entry in this...
Crowded trades all over the place. While it closed higher the SPY sported a bearish candle. Needs confirmation but a new high near gap close close near the lows of the day isn't friendly. Need confirmation though.
Still loading here, got bigly bids at 15 now if it gets there. Larger float comparatively on this one....."boring"....until news starts hitting. Debt paid down, list of nice assets/ mines, clean share structure, dilution free.