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Happy new year stocktraderva! I'm actually banking more off markets when red right now so I would like to see more red days ahead.lol
I wish you luck with all your trades as always... Good luck!
UWTI- Yes I agree it can make up ground very quickly once a bottom has been made but I do not see the rush to jump in UWTI when oil is currently in free fall mode. Predicting a bottom or a bounce with oil prices at the moment is anybody's guess. It's always best to wait for a better bottom confirmation like with JNUG when it bounced off double bottom @ $18 and closed above the 10dma and then the 20dma and is now gunning for the 50dma next. I have much better success buying on the way up once a bottom has been formed VS buying on the way down trying to catch a bottom. I've learned over the years that I really don't need to be the first to catch a bottom. When the time is right and this is ready to bounce/reverse I will be ready to bank some $$$$ when it does...JMHO
I do hope oil gets a bounce soon and all who are playing UWTI right now can bank some $$$$
Good luck!
UWTI RECORD VOLUME: HUGE RED VOLUME BAR TODAY SCREAMS CAUTION!! (closed at the LOD as well)
Whatever works best for you stick with it buddy.
Good luck!
IMRS- This one is holding up very well ATM. It hasn't really pulled back like I had expected so far...
CHOP- Q3 Earnings announcement reminder tomorrow. There was unusual volume last week that could suggest some loading up before the ER.
Oversold extreme low float earnings play with good upside potential!! IMO
JNUG +12% above $30 and going for 50dma next...IMO
Kicking myself now for selling @ $23 from $18.90 entry:(
Buying UWTI right now is like trying to catch a falling knife.
I do not recommend doing this, especially with oil prices in free fall mode.
UWTI could go much lower if oil prices reach $40 per barrel or even lower like many speculate could happen.
I hope you get a small bounce before if it does continue to drop that low.
I'm on the sidelines for now watching and waiting patiently for a better bottom confirmation. No denying how oversold it currently is on the chart but if oil continues falling so will UWTI...IMO
BOL
Yeah but don't hold too long if markets begin moving back up. Like you said, watch the 50dma today and see if where it closes. have a stop limit placed to protect your gains always. I'm betting on the DOW to at least test recent lows on this dip and possibly put in a double bottom.
We shall see...
If the $INDU does not manage to close above the 50dma today then I'm expecting to see it drop further and test the 200dma next and put in a possible double bottom. Take a look at the Full STO and MACD on the daily chart, plenty of room to pullback here...IMO
Also if oil prices continue falling to $40 or even $30 like many expect, then NO WAY can the markets stay up at these levels if it does. Perhaps we are finally seeing what is the beginning of a much needed and long overdue correction in the markets.
Time will tell
Fear & Greed Index
Stock Price Breadth = Fear
Stock Price Strength = Fear
Market Volatility = Fear
Safe Haven Demand = Extreme Fear
Market Momentum = Extreme Fear
Junk Bond Demand = Extreme Fear
http://money.cnn.com/data/fear-and-greed/
TVIX +18% What is your target or exit strategy at the moment?
I think if we get a run to 200dma I will be exiting most of my current position (entry @ avg 2.44)
Dow plunges 300 points as oil falls below $50
http://money.cnn.com/2015/01/05/investing/stocks-market-fall-oil/index.html
It's quite the sobering Monday on Wall Street as many traders and investors return from their holiday hiatus.
The Dow plunged over 300 points in mid-day trading as stock markets around the world fell sharply.
What's going on? The main culprits of market jitters these days are falling oil prices and the souring global economy. Crude oil now trades at about $50 and even dipped briefly below that level on Monday -- another psychological threshold for the market.
Experts now predict oil could go as low as $40 or even $30 a barrel. While that's great for U.S. consumers, who are enjoying gas prices of $2 or less not seen since the worst of the Great Recession, there comes a point when sustained low prices begin to really hurt energy company stocks and jobs in the U.S. and other countries around the world
Yeah it's definitely one to consider playing with Obama signing more executive orders that will tighten up cyber security going forward.
The internet as we've known it( a free for all) is coming to an end...IMO
TVIX- HOD @ 3.00 let's see it bust through it today...
IFON-Daily and Weekly Charts
SALT- Very disappointing as new all time lows were created today:(
Still in the "dog house"... What's it going to take for these bulk shippers to run???
MSTX- daily & weekly charts
Thanks for heads up, good luck!
good news + good chart set up = possible breakout on the horizon
IMO
Good luck!
PLEASE STOP SPAMMING YOUR OTC PLAYS ON THIS BOARD.
Have you not even bothered to read the boards name?
First and last warning!
Happy trading & BOL
AMDA- Good news indeed! Watching this one closely with great interest.
JNUG- I really should have held my 18.90's entry a couple weeks back but the swings were a little much for me to handle recently.
run to the 50dma very likely in the short term...IMO
Just look at how oversold this is on the weekly.
UWTI- Oil continues to plummet... Why I am staying away from this one until we get a bottom confirmation with oil prices...
We could see oil reach $40 maybe even $30 this year before putting in a bottom.
IMO
TVIX- No plans on selling the gap. With oil prices continuing to fall sharply I expect the markets will follow.
I have my eyes on the 200dma for now
BOL
The Worst IPO Of 2014
Worst IPO: Amedica (-88.2%)
Amedica Corporation (NASDAQ: AMDA) earns the dubious distinction of 2014’s worst IPO. Amedica is a medical technology company that specializes in spinal implants. The company holds patents on their Valeo silicon nitride spinal fusion line and is working to add total hip and knee replacement products in the future.
After withdrawing their IPO application back in 2007 because of “market conditions,” Amedica initially lowered its projected IPO price range from $10 to $12 down to $8 to $10.
When the company finally went public in February, IPO shares were priced at $5.75, well below any of the previously expected ranges. The stock opened trading at $6.16, but by the end of the first day was down to $5.39.
After surging as high as $9.37 in its first couple of weeks of trading, Amedica stock began to slowly bleed for the remainder of the year. On the heels of a recent SEC filing to issue eight million shares of stock, Amedica was trading at $0.68 at time of writing.
IPO investors are down more than 86 percent.
Runner up: North Atlantic Drilling (-81.8%)
Offshore drilling company North Atlantic Drilling Ltd. (NYSE: NADL) could not have picked a worse year than 2014 for its IPO.
North Atlantic’s IPO priced at $9.25 back in January, in the middle of the predicted $8.50-$10.00 range. As late as the beginning of September, shares of North Atlantic were trading above $10, and IPO investors were enjoying positive returns for the year.
However, when the price of crude oil collapsed in the second half of the year, the price of North Atlantic Drilling stock fell even harder.
The stock’s recent price of $1.65 represents an 80 percent loss for IPO investors and early open market buyers.
As these two companies demonstrate, newly-public stocks are typically extremely volatile in the first year of trading and can be very risky bets.
Very true nowadays! To beat the "machines" we have to think like the "machines" lol
My trading has never been more technical and robotic like it is today.
They should change the title "day trader" to "hour trader" because of how quickly gains are made and lost daily in today's markets...IMO;)
I was also stopped out for a small loss with my last pre-mature entry. The BRENT chart not really showing that a bottom has been made with OIL yet.
Chart indicators are in way oversold territory but it can still continue lower.
It's still too hard to predict a bottom at the moment. Watching closely and waiting patiently for the right signals to re-enter UWTI.
Keep me posted if/when you decide to buy again.
Also watching UWTI like a hawk down here but I really wouldn't look too much into the chart technicals with these type of plays. The direction of UWTI all depends on the direction of the price of oil, that's all you need to know!IMO
For now UWTI continues to create new all time lows as oil prices continue creating new 52w lows. I definitely like it for when oil stabilizes and puts in a bottom, however if oil drops to $40 or even lower then this will fall much much further and possibly even need to do a R/S if oil prices get down that low.
Time will tell... Maybe next week we get some kind of bounce?
Yeah so am I Donis, but It's not the first time I'm surprised with a TVIX close.lol
It was a good flip in the 2.80's and 2.90's for entries in the 2.30's and 2.40's
I got a little greedy and didn't capitalize on flipping this one correctly. Anyway that's always easy to say after the fact. it's hard to predict anything one hour to the next when markets are choppy like this.
Still holding but I have lightened the load. Let's see what next week brings us...
have a good weekend!
I agree with your sentiments SK and I will definitely be taking advantage of the next decent dip with JNUG. Keep me posted if/when you decide to play again.
Cheers!
TVIX- I spoke too soon and like usual with this POS I was too quick to celebrate.lol
ChopFest markets to kick off the new year!!
Still holding but I was stopped out on half my shares on the afternoon pullback.
CHOP- Very unusual volume recently heading into Q3 ER next Tues. It looks like some loading was going on. Big drop off in volume today and back to normal tells me the loading is complete. Keep your eyes on this one next week;)
VGGL +20% on volume & price explosion!! ok what am I missing here? Looking for news!!
I know the short interest is high, around 40% I believe. Hmmmmmmmmmmmmmm
Yes it's usually a positive sign. thanks for sharing and good luck!
Yes sir! TVIX closed out 2014 on a high note for me and has kicked off 2015 on a positive note as well. I'm in this one heavy at the moment as I'm expecting to see markets take a dip to start the new year. I'm looking for a possible retest of recent lows and a double bottom on the DOW.
We shall see, my TVIX target 3.50-4.00 range on this current run up...
I have a few Gamble Plays at the moment,CHOP-COCO-WTSL- I'm in light.
SALT- I'm still holding and still really like the chart set up. I will give it a little more time.
RUSL-JNUG-TVIX-UWTI My focus to start off the new year is swing trading/flipping some of my favorite ETF's. I have been doing very well with them lately and as long as they remain volatile I will remain focused on trading them;)
Waiting with great patience for Oil prices to stabilize and put in a bottom. there will come a time to bank nicely when this happens....IMO
Have a great first day of trading as well
BCLI- Nice one! I haven't seen any posts or alerts on this one before:(
Not that I'm really playing many Bios these days anyway. Good luck with your plays:)
VPCO- Any reason this one is moving today. Anything I should know???