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Check the POTN board.
The trial date for Vaccaro, Ruggeri and Berlly that had been scheduled for 9/30/24 has been postponed again. No new date has been set.
The trial date for Vaccaro, Ruggeri and Berlly that had been scheduled for 9/30/24 has been postponed again. No new date has been set.
And in other (somewhat related) news, the trial date for Vaccaro, Ruggeri and Berlly that had been scheduled for 9/30/24 has been postponed again. No new date has been set.
Genius, you are!!!
Good for you.
The bounce off the 9 EMA on the daily keeps me long.
The bunching of the 9, 21 and 50 daily back in Jan was a strong indicator once the crossover was clear. Golden cross on the daily happened just a couple of weeks later. I’m guessing that pulled in some players.
Saw the same thing on the weeklies towards the end of Jan and now there’s a chance at the cracking the 200 on the Friday print. If it does, I expect even more to follow along and get on board.
Really seems to me like our Washington friends may continue to drag their feet on things until 4/20. It’s only a little over two weeks away now so who knows? Maybe they are just trying to be cute? That’s only two more candles away. Lol
GL
Nothing wrong with taking a profit when you can, but right now this ticket is looking better to me than the other-although I’m still long both. A bit of a flip flop though, from used to look better there now looks better here.
One word - weeklies.
And don’t ignore that volume profile I posted a little while back. What’s above hasn’t changed, only what’s below has.
Bring it on! However it comes Uncle Joe will be sure to leverage it going into the election.
ETF is pushing after hours so we’ll see if it holds up.
The closing candle wasn’t great, the day (in a vacuum) looks ok but clearly at a resistance level.
I think it pushes through but we’re getting close to 4/20 now. I hope they’re not waiting for that…
True, but go out to the weekly and it looks better.
Regardless of what looks like may happen, without a confirmation it’s a no go trade. If the breakout comes then I’m ready, if not I’ll just sit on my hands or look elsewhere. All good.
Let's review how things have worked since 1/13/24.
Then -> https://investorshub.advfn.com/uimage/uploads/2024/1/13/hnfakTCNNF_1-12-24.JPG
Now -> https://investorshub.advfn.com/uimage/uploads/2024/3/19/jmxiwTCNNF_Review_1-13-24.JPG
Yeah, I'm good with that.
The more you learn, the less you know - I firmly believe that.
Ok, I'll bite. Here's what I see in the charts.
https://investorshub.advfn.com/uimage/uploads/2024/3/19/knlwzScreenshot_2024-03-19_210519.jpg ... pushing back (here) into a demand zone, while a slightly broader view is pushing the breakout. Tug of war? Seems like (some kind of) a move may be coming soon?
https://investorshub.advfn.com/uimage/uploads/2024/3/19/fgnxdMSOS_3-19-24.JPG
For those who might like a little help, here's something I didn't write https://www.investopedia.com/terms/p/pennant.asp
I look to see how the measured move aligns with the Fib extensions to establish targets. So, yeah, 13s seem quite possible to me in the near term.
FWIW, further out, once we make into the teens there's not much resistance in the range from ~16-18 so I expect to cut through that particular range very quickly.
GLTA
Got your freebie. I kinda know the place you mentioned. Pretty sweet.
I actually closed out my position today after a pretty nice gain. Needed to rotate into some other opportunities. I may come back in but we’ll see what transpires. I have no FOMO and will sleep well no matter what.
Still holding my leverage in the ETF so I still have skin in the game here, but really prefer that over holding the shares. Who knows, maybe it’ll get interesting again. There’ll be plenty of opportunities for good entries. All those bag holders are just itching to get out and they’ll generate plenty of supply zones to take advantage of. We’re not going to 200 overnight here.
Promises, promises. He sounds like a politician. Oh, wait….
I know from a personal second hand conversation this guy will say and do whatever he thinks people want to hear, especially if the truth is unpopular or not what his constituents want to hear. It’s shameful. Right now, they want to hear about SAFE passing, so of course he’ll take every opportunity to say so.
His actions, along with the other dysfunctional, delusional and gutless cohorts leave me little hope and why I’m with LCK. Sure, this is a Michael Burry kind of thing, but the opportunity cost is huge.
Technicals are about to break down on the sector weeklies which doesn’t bode well for the near term. Now the discussion from our ‘leaders’ is about November which doesn’t really surprise me. Uncle Joe will need a boost and that would be an opportune time to gain some momentum. If it passes too soon people will forget by the time they get to vote. The masses have short term memory.
Huge opportunities elsewhere for sure. Show me the money.
Sentencing hearing for Yosef Biton has been moved to May 14, 2024.
I have no insight to how the legal system operates.
Sentencing hearing for defendant(s) Svorai and Taieb has been rescheduled for June 27, 2024
Sentencing hearing for defendant(s) Svorai and Taieb has been rescheduled for June 27, 2024
Sentencing hearing for defendant(s) Svorai and Taieb has been rescheduled for June 27, 2024
I like the bounce out of the 70s area. Really want it to hold above the pennant breakout on the weekly, but looking better here rn than that other ticket.
It was overbought for a few days and the rumor mill on X about news out of Washington didn’t materialize.
Going to be oversold soon enough.
Yeah, a little deeper than I was expecting but not surprising given the overbought.
Still looking to summer so not sweating it.
Doesn’t look like it. If I was a skeptic I’d say the MMs were pushing it lower so they could get a better entry. But we know that’s not true and it never happens. LOL
It was a good retest of daily demand zone from 1/31. All good.
I meant overbought.
Yeah, it’s not a good look but I’m really looking out further, towards summer. We can be oversold for quite some time, it’s happened before like I mentioned. Lower volume today works.
I’m picking up hints from various places that give me some pause on the shorter time frames. Still focused on the longer term for now; trying to sit on my hands here. Not looking for an exit, or trade, here.
Yep, I was thinking the same thing. Would open things up nicely.
Thanks. I’ll check it out.
Tuck these away for future reference. They may come in handy when reviewing as price approaches the various gaps.
https://investorshub.advfn.com/uimage/uploads/2024/2/2/ba[srJUSHF_2-2-24.JPG
https://investorshub.advfn.com/uimage/uploads/2024/2/2/miutlMSOS_2-2-24.JPG
Ok. I’ll try.
What time is happy hour? 5:00 ET?
Yes, definitely wouldn’t suggest going into options unless you’re comfortable taking on that risk. Whole different game.
Enjoy the ride!
Look at the BBs on the monthly for your 3 tickets in this sector. The spring is just winding up. I’m not going anywhere now.
I took some June contracts on the ETF several weeks ago and may add more for Sep. Just waiting for a good entry on that.
There’s a ~10:1 correlation here with that other ticket and still moving together so not seeing much difference between one over the other which is what you would expect from a sector driven move. There’s just not enough volume here to smooth things out so things are a bit more challenging because it looks so erratic. That said, there was an analyst perspective not too long ago that JUSHI would be one the tickets that would benefit most from S3 (part of the reason why I re-entered here). The other one has FL+S3 going for it. So slightly different catalysts here.
I wouldn’t be surprised to see the EMAs ‘catch up’ a bit here. The sector confirmation yesterday in the daily was good to see. Need some follow up to confirm now. Weekly prints today.
GL
Solid. Stick to the basics and your plan. All good.
Buy the rumor, sell the news, or another gap-n-go?
IDK. Still sticking with my weeklies for now.
Volume profile on ETF has a nice gap in the teens, but the measured move on the weekly C&H takes you right into that resistance ~15. Once that clears there's not much in the in the teens until you get close to 20. I'm looking out to June there, maybe Sep.
Yep, and I'm a fan of the leverage that that ETF offers.
I think it's going to be a good summer.
So let's review. Five days after the confirmation and we're at ten.
25% in five days. The charts work for me.
Certainly does look like it, but the weekly was oversold for about two months on the big run up. C&H weekly about to breakout on the sector ETF. The hype has finally got this thing moving, or at least wound up.
Personally I think the volatility is just beginning. Nothing wrong with locking in a gain, but the overnight risk profile is vastly different now so I’m adjusting my tolerances accordingly. I’m really focusing on weeklies now to help take out the noise of headline days like today.
You know what to look for. Stick to your rules and you’ll be fine. Even if you miss a move there’s no reason you can’t get back in again.