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The Lunatic Fringe - Trading talk.

Lancers32

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Second chance to buy yesterday's lows. Up in the air about it really.
 

Lancers32

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GDX up against the early May lows under $34.50.
 

Lancers32

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Major reversals going out on the lows of the week. Not good. Could get very ugly from here.
 

Tbonz

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OK. If you knew the casino was playing with a stacked deck would you play against them?
Lancers, you've been playing the game for much longer than I have, from the information you've shared you've figured out how the game is played.

When I look at an investment, I want to have as much information, charts, technicals, etc. the first thing I look at is where is the MOST money to be made in this trade, and then the easiest.

The market is rigged, you just have to figure out which side the house is on and you will be more successful than not.
 

Lancers32

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You can most likely make much more money playing the juniors than with something like SILJ but at this point I would rather avoid single stock risk. Unless Silver does a deep dive back towards $23.50 the risk/reward would favor buying extreme weakness next week. I don't think the daily bottom around Friday's close in SILJ holds but there is some support at $15.00 for starters. Big gap above $16.30. Gold might want $1700-$1725 so be careful.

$14.54 is the halfway SILJ $18.84-$10.24.



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Lancers32

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WTF is up with the speech impediment? The baw da?






751f29ad-47cd-4791-9506-d4b6b846b53e-KamalaHarris.jpg
 

Lancers32

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BTC slightly higher bottom 34.8K. I wonder if a further rally in the DX kills it. Dollar looks a bit overbought yeah?
 

Jodster

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You can most likely make much more money playing the juniors than with something like SILJ but at this point I would rather avoid single stock risk. Unless Silver does a deep dive back towards $23.50 the risk/reward would favor buying extreme weakness next week. I don't think the daily bottom around Friday's close in SILJ holds but there is some support at $15.00 for starters. Big gap above $16.30. Gold might want $1700-$1725 so be careful.

$14.54 is the halfway SILJ $18.84-$10.24.



View attachment 214835View attachment 214836
Ironically I’m looking at picking up more SILJ. Just a wild ass guess but you think it will dive to $14.50?
I had $15.25 as my option.
 

Lancers32

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I would bid $14.50 and watch for a spike low early Monday if we do open lower. Anyone's guess here really. Last couple of days it has not paid to follow early strength.
 

jelly

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S&P isn't looking so good. Negative divergence in the MACD and RSI.
Close below the 50-DMA on increasing volume.
Potentially a sign for a reversal here with more downside to come.
Unless they keep making it go up, of course.
SPY.png
 

Lancers32

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These jagbags find this $hit funny.

 

Zed

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Eying off the bunker.
BTC is currently nudging the top of its range harder than the bottom. If it breaks lower it will be spectacular but the short term bias appears to have shifted higher.
 

Lancers32

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Martin Armstrong is a very bright guy but someone needs to tell him you cannot collect unemployment if you quit your job.


 

Lancers32

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Sum Yung Ju no likee Bitcoin.


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Lancers32

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Metal up muted response by most miners.
 

savvydon

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I bought the dip and then watched everything drop another 5-10%.
We’re gun-shy and out of dry powder.
it’s gonna take baby steps to get momentum back...
I hit a limit order on some SLV 1/23 call options... just in case this thing takes a while.
 

jelly

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I hit a limit order on some SLV 1/23 call options... just in case this thing takes a while.
Me too. I think we want to give ourselves time at this point. Realistically, it could be another 6 months before we start moving higher.
 

Lancers32

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Me too. I think we want to give ourselves time at this point. Realistically, it could be another 6 months before we start moving higher.


Ya think? We have been correcting for over 10 months now I would say if we are going higher we won't be correcting for too much longer. Otherwise it's cooked.
 

Zed

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Eying off the bunker.
BTC is currently nudging the top of its range harder than the bottom. If it breaks lower it will be spectacular but the short term bias appears to have shifted higher.

A day later and we are giving the lower bound a harder nudge, short term looking weaker for now. Still no significant break.
 

Goldhedge

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FWIW

BITCOIN BEN - WE ARE WITNESSING THE BIRTH OF A NEW AMERICA, [DS] IS POWERLESS​

 

savvydon

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Lower today than Friday?
I don't know what the hell happened. I was dancing all around the limit order on Friday but it didn't fill. I didn't get back to the house until this afternoon but when I did it was filled.:don't know:
 

Zed

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Eying off the bunker.

dpong

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Sold FSM on Monday due to a 40% trailing stop off the highest price traded.

f4Iov70z.png
 

Lancers32

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Bitcoin breaks through the double bottom. Rallies are possible from the 20's but getting the feel this ends up like the Uranium play last bull. They take a long time to come back in any meaningful way. Standing aside everything. Long a handful of 2023 SLV calls no stocks nothing.
 

dpong

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My Weekend Trend Trader system sold 5 stocks on Monday after going to condition red on Friday -- because S&P 500 weekly chart closed below its 10 week moving average. Sold Chicos FAS (CHS) of which I had high hopes. Still about a 38% win.


qCZlu3a3.png
 

Jodster

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Bitcoin breaks through the double bottom. Rallies are possible from the 20's but getting the feel this ends up like the Uranium play last bull. They take a long time to come back in any meaningful way. Standing aside everything. Long a handful of 2023 SLV calls no stocks nothing.
Crypto's look to be heading to $22k? $18K? Peter Schiff thinks eventually $0.
I wanted to wade into the Etherium pond but I'm the kiss of death.
I asked Curtman on his thread, what he thought. He may be pro-crypto, but he's also balls deep into it. More pain to come...
 

Lancers32

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Crypto's look to be heading to $22k? $18K? Peter Schiff thinks eventually $0.
I wanted to wade into the Etherium pond but I'm the kiss of death.
I asked Curtman on his thread, what he thought. He may be pro-crypto, but he's also balls deep into it. More pain to come...


Be your own guru. Looks like a crypto bear market at this point no true support at this time caution is advised. Really.
 

Lancers32

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If you are adventurous you can buy SILJ under $15.40 with a stop at 15.
 

Voodoo

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My Weekend Trend Trader system sold 5 stocks on Monday after going to condition red on Friday -- because S&P 500 weekly chart closed below its 10 week moving average. Sold Chicos FAS (CHS) of which I had high hopes. Still about a 38% win.


View attachment 215173

Going to assume that it also sold Play then with the tighter stop?
 

Zed

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Eying off the bunker.
BTC over 30K is still in with a shot. JMO
 

dpong

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Going to assume that it also sold Play then with the tighter stop?
Still holding PLAY with stop loss = 39.38. [It was very close last week.]

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