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stiv

09/15/19 6:47 PM

#765 RE: No-Quarter #762

Hope things are well NQ and thanks for the updates. Interesting info. I was hoping to catch a re-entry into UGAZ but didn't take advantage. On the other hand, I did take a good position back in oil on Thursday, UWT. It's going to be a volatile week it seems after the events in the ME. Also have a position in gold (NUGT) but down last week on that one. I thought the cloud top might have caught it but hoping the cloud bottom did the trick. Futures are starting to bubble up. Good luck this week.






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No-Quarter

09/23/19 11:51 AM

#781 RE: No-Quarter #762

This morning I sold UGAZ@$19.10 and bought DGAZ@$105.00

I bought UGAZ@13.50, so I realized a ~41% increase today ;)

This morning the histogram jumped over the zero line.

I typically wait for the black line and red line on the PMO chart to cross for confirmation, but I felt good enough about this to act today.

Since charting tools are momentum based, I typically use the Slope chart as an early indicator, not for confirmation.

Yes I know, I should ignore all the social media chatter, all the television pundits, all the news letter prognosticators, and trade only based on the charts....so this may come back to bite me.