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On the flip side, HEAT kills batteries also, especially the life cycle. If you live in AZ TX and park your car on black asphalt when at your workplace...better save up for replacing that $15-25K battery in a few years.
Didnt add anything this AM. Will watch and see. Looking at GDXU/NUGT for the next cycle up. Not a buy yet just a watching.
Same with possible KOLD buy.
I added some FNGU at the close. may add more Thur AM.
22% SPXL
14% TQQQ
8% FNGU
44% invested 132% leverage.
Sold other half of BOIL. Hit 50% ProfitStop. Ave trade +18.64%. Loading up for next trade. KOLD?
SPXS stop taken out. No new posistions
Long 22% SPXL 14% TQQQ
Long BOIL however Im about ready to sell it. Today's LOD will be focus on Wed.
Cash IS a posistion.
So far the SPXL 60 has held above the KCL. trying to fill gap? If it does and keeps moving, then my last short will stop out.
Moved stop to just below Y's LOD BOIL. Purple line is 50%PS. (50% profit stop), If we get near that point then might just take the bird in hand.
BOIL
This might not mean much, but next weeks Mon-Tue forcast lows went from mid30s to 15 F in less than a day. Central Texas
I ended up long 22% SPXL and net 0 on Qs Conflicting signals.
Gotta go with the charts. But Im concerned on possible w2/B countertrend rally here.
That is on my daily watch list along with the 8-14 day version. I was reading somewhere that the end of Jan was warm up but maybe thats changing.
BOIL is not for the faint of heart for sure. From Friday's HOD to the low premkt was a mere 16% drop. Ive learned not to panic and I held. The price has been moving opposite to premkt most of the time recently. We have different rules...mine being more aggresive but Key is that we follow them.
I did move up my stop from BE on 2nd half of pos. to blue rectangle zone. view: BOIL
Thanks for info. I have primarily been watching TNX for yields, and TLT/EDV for prices. I will add /ZN to my futures watch list since it is a 10yr price. I agree the 50Fib/Oct22Low looks like a good place price to find support.
Hi DC, nice to hear from you. You have a fine weekend yourself!
Will be interesting to see how far the 10yr retraces the high or even exceed it?
Good deal! It is not always easy to get the bid price, but you waited it out and scored.
ISM, DurableGoods, Factory Orders up next @10
I think the rate cut expectations are overblown. Market thinks we will have seven (now six) rate cuts this year. FED itself says three.
Overall I think the interest rates will go down next two years. But not as fast as market forecast presently.
Next few weeks rates probably keep going up until next meeting. I bet FED wont cut until summer. Anything can happen of course.
I remember watching a video and I saved all my workspace screens. So when I get converted my current TOS get lost?
whatever streetsmartedge is, I dont have and never seen before.
I need to check my trade log, that might be my record on length of a swing-trade. It was nice and clean stayed above the 10ema until last couple of days.
I had 2 TQQQ similar trades but got bounced 4Dec But got back in 8th. Actually did better on those.
Got stopped out of the SPXL trade, lasted 63 days. No shorting until M65 turns over this chart.
SPXL
Those were ex-div days. The difference in price should be the div amount.
we are in w3 (see chart) tgt is about 35. that is a 1.618 Fib of w1. Doesnt mean it stops there, that just happens to be a common Fib. possible to go 2.000,2.618 or higher. On commodities you can get away with trading below the 200ma.....opinion. maybe use the 50?
BOIL
I ended up taking 3 shorts 1 SPXS 2 SQQQ. still got the long SPXL pos. with stop below LOD. So I guess im net 0 on the S&P side of things.
lot can happen between now and close, but looking to put on some shorts.
Still holding a SPXL pos from 2Nov. 62 day swing trade...LOL
Im looking for a close below KCL(20ema)
SPXL
Sold 50% of BOIL pos @ +15.54% hit target #1, letting 2nd half ride for now. Might put tight trailer stop on it though.
I sold one of my TQQQ pos. But not quite ready to short just yet. based on your chart looks like short. Your using the M12 XO with RSI and Breadth reversals looks like. I need the M659010 signal line to turn down on QQQ
It going to be a wild ride with our "political heroes" returning next week to DC. CRs/Budget stuff, Ukraine, Israel funding. Lot of things to bounce the market around.
BOIL was up almost 11% until it wasnt LOL
Happy New Year everyone! Looking forward to expanding our trading accts.
Like Duma, my idea of parking money is different. For me, I need a near 100% chance of leaving the parking lot in better shape then when I first "parked"
That said. With interest rates going down TMF probably a good place to be. Too risky for my LT acct. Ive been accumulating TLT and EDV in LT accts. Will sell when I believe Interest rates will rise significantly.
EDV
Great trade! My plan is to accumulate up until the halving in May 2024, then hold for another year maybe. While I dont expect 100 fold moves that have happened in prior halvings but I dont think it will go down, fluctuate yes, and I will be buying the dips. My ave price in RIOT is $10.08. My next buy will be in MARA or BITO.
or actual bitcoin.
Ive traded these things for a good while now. Check out BIL,FLOT,MINT,GSY,NEAR, and there are others.
BIL and SGOV are the most stable. As the 1-3mo interest rates fall, SGOV and BIL return will fall accordingly.
2yrs ago BIL and SGOV paid near 0% So not worth it. Back then I was in GSY and MINT.
You have to be careful of the longer maturity ETFs as they will drop in price when interest rates rise.
Last day of trading for 2023. market might by bouncy with low volume.
I doubt I will make any new trades, just track the ones I got going.
Long SPXL, TQQQ 2 pos, BOIL
BOIL got good report. draw down more than expected -87 vs -79.
maybe this will get us moving toward our targets.
Weather outlook looking colder as well.
Looks like a good entry at the bottom of channel. Im watching 60min but need more work before buy sig.
UVXY
Yes, setting up nicely.
UVXY
Looks like its back online. Getting 27th (today) data now.
I have most of the charts on TOS, but not all. Time to catchup.
Mine not updating either. 26Dec Tuesday last data.