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No it can't and It's only a matter of time before reality kicks in...IMO
Hey Ravi, Thank you for the kind words. I'm happy to hear that the GoodFellas board was able to help you achieve some knowledge and success along the way.
I wish you continued success in the future.
Happy trading!
same to you charliewho! CHEERS:)
Thanks kip, I'm sure I'll be seeing you around the hub from time to time.
All the best!;)
ATTENTION GOODFELLAS!!
I just wanted to let everyone know that I will be closing the GoodFellas board at the end of this month. It has been an amazing experience for me over the years and I have learned a lot from many "goodfellas" along the way. I have also made some good friends along the way and I'm grateful for that. I am very thankful to everyone who has contributed to the forum and has helped support it over the years. Unfortunately my time is very limited to posting on the HUB and I simply do not have the time to post or moderate a forum going forward. I only have a couple months left of full time trading and then it's back to business for me until the fall. I will still continue to post on the Hub in the meantime but I will post more freely on some other boards around the hub. No more moderating for me on IHUB...lol;)
Thank you all again for everything and I wish everyone the very best success with their trading. BOL to all!!
Best regards,
$tockfather
TVIX- Chart still looks good here. It's trading very healthy at the moment.
It's almost go time again for TVIX...imo
SPX possible triple top
TVIX- Ascending triangle. Higher lows being created.
When you compare the SPX chart with TVIX chart you'll see how TVIX should have fallen to recent lows in the 2.50's today with SPX at triple top but it hasn't.
TVIX is outperforming right now and watch how quickly it moves up when markets head south again...IMO
SPX possible triple top
TVIX- Ascending triangle. Higher lows being created.
TVIX- Anyone who isn't in this one yet, now is a great time to consider taking an entry...
Good entry zone 2.75 - 2.95 for the next wave upwards.
Target on the next push = 3.75 - 4.25 range
Risk vs reward is good right now. It may come down a little lower first, maybe to 50dma again but I think it will hold if it does. We really don't want to see TVIX fall lower than recent double bottom lows @ 2.58
Always set stops accordingly to limit your losses when trades don't perform as expected...
All JMHO
TVIX- Ascending triangle. Higher lows being created.
Yes great call on SPX and markets rising today, however it looks like a triple top is forming on SPX. Look at how well TVIX held up today with markets heavy in the green. If anyone has been paying attention they'll notice how quickly TVIX has been performing to the upside when markets move down VS its down performance when markets move up. This is a good sign. imo
SPX possible triple top
TVIX- Ascending triangle. Higher lows being created.
This should have bounced last month when it was around $2.00 but markets like to push everything to the EXTREME levels nowadays to throw most folks off...IMO
Yep, why I say don't believe everything you read.
EXTREMES is the word that best describes the US stock markets today!
Oh I'm definitely not doubting your knowledge of the markets. You have made some great calls in the past and there is a reason why I post on this board;)
I agree that Oil and UWTI was a no brainer play down at these ridiculously oversold levels. The markets have become increasingly unpredictable nowadays. Almost feels like something is in complete control pushing everything to extremes and opposites of what the majority is expecting.
Same game, but the rules have changed...IMO
AMZG= KABOOOOOOOM!!
Link Back;)
No I don't think it will take that long for NG prices to rise again. it's not all about cold temperatures, much more at play here...IMO
If you are worried about NG prices rising then UWTI is probably the better play and don't believe everything you read either. I read an article yesterday saying that oil is headed to $200 a barrel.lol
lol well the day is still young bro, lets see how the market finishes today and for the week. My last entry in TVIX was @ avg 2.90 so I am definitely not going to panic just yet.
I think you have forgotten that you said this same thing during the last 3 dip and rips, so this time will be no different...
The chart is still intact, higher lows are being created and 50dma has held beautifully along the way.
I will continue to buy the dips and sell the rips as long as this trend continues.
have a good day!
predicting NG reports are a crap shoot, however I do not expect NG prices to stay this low for much longer...
Short term it's tough to predict a bottom, they may push NG prices down to 2.00 before we see a turn around. Long term this one will be good down at these current prices, just like UWTI is right now with oil prices at low levels.
All JMHO
SALT- So do you still think this turd is not worth watching?
I did mention when this was down @ 1.50's that now was the time to be watching it again...
UWTI +8%
Chart is setting up nicely for another strong push upwards...IMO
ALERT!!UGAZ at 10:30 the weekly report comes out...Good luck to all playing it
Oh really! Good to know, thanks;)
UGAZ- Still having trouble bouncing lately. Surprised and disappointed as well. It will have its day soon enough. I don't see NG prices staying this low for very long...IMO
NADL-USEG-AMZG-MILL-KEG-REN-IVAN-BPZ- Oil/Gas stocks under $2 worth following...
NADL still one of my favorites
TVIX is holding up well in PM trading considering the futures. I don't think we see early morning gains last too long today. I'm still expecting market sell off to trigger very soon.
We shall see
UWTI @ 3.25 in PM trading;)
TVIX- gap down this morning as Futures are pointing up. I don't see early morning gains lasting too long...IMO
U.S. Stock Futures
S&P +13.00 / +0.64%
Nasdaq +18.25 / +0.43%
Dow +91.00 / +0.52%
RUSL- Looks like yesterday was the dip buying day. I was hoping for one more day of dip action but It looks like I'm going to miss the flip this time around, D'oh!
Just give us a rip to .15 /.20 range would be nice.
BOL;)
I'm surprised to see US stock futures up this morning.
Then again, I should always expect the unexpected in these crazy markets. Nothing does what it's suppose to nowadays. just think in opposite and you'll do just fine;)
U.S. Stock Futures
S&P +13.00 / +0.64%
Nasdaq +18.25 / +0.43%
Dow +91.00 / +0.52%
RUSL- I would wait to see how it opens tomorrow. Always stay away from any big gap ups with this one and if it gaps down again tomorrow I would considering buying in the $15's like last time...imo
TVIX @ 3.15 now in AH trading... Buckle up!
Tomorrow could be an exciting one
Trust me brotha, since creating lows in Dec, TVIX has been and will continue to be a good one to flip this year. much higher levels to come...IMO
$INDU continues to create lower highs(Descending Triangle) pattern in the making...IMO
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