What did you short?

Silver futures.

I jumped in the inverse ETFs for SLV and GLD early morning. Will wait and see what happens next hour but it was time for a pull back here.

PDEMDHC said:

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I jumped in the inverse ETFs for SLV and GLD early morning. Will wait and see what happens next hour but "it was time for a pull back here".

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Really?

Not that I'm not taking advantage of the dip.

However...

If the LBMA and COMEX traded potable water like they do silver, we would all die of thirst before they allow real price discovery. There wouldn't be enough fiat in the world to buy a glass of water. Sounds like hell.

TTUArmy said:

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PDEMDHC said:

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I jumped in the inverse ETFs for SLV and GLD early morning. Will wait and see what happens next hour but "it was time for a pull back here".

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Really?

Not that I'm not taking advantage of the dip.

However...

If the LBMA and COMEX traded potable water like they do silver, we would all die of thirst before they allow real price discovery. There wouldn't be enough fiat in the world to buy a glass of water. Sounds like hell.

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Some of us are watching for setups in stocks that operate in the water management arena.

Heineken-Ashi said:

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TTUArmy said:

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PDEMDHC said:

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I jumped in the inverse ETFs for SLV and GLD early morning. Will wait and see what happens next hour but "it was time for a pull back here".

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Really?

Not that I'm not taking advantage of the dip.

However...

If the LBMA and COMEX traded potable water like they do silver, we would all die of thirst before they allow real price discovery. There wouldn't be enough fiat in the world to buy a glass of water. Sounds like hell.

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Some of us are watching for setups in stocks that operate in the water management arena.

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H-A: I opened a position in CGW about 18 months ago in this space, and would be interested in your thoughts in this one going forward. Up 14% so far, so lagging the market by a bit - I like the segment, but is there a better alternative out there for long-term investment?

I don't really have anything reliable. It's an overlapping mess off the 2022 low. I can consider it topped and can also consider it trying to reach $70-$75 range. Either way, the risk outweighs the reward here, as breaking the lower gray line is going to have it target $40 again.

Closed short. Great day.

Of course he did. I spent my morning buying Feb/march SLV calls. Got out of my end of January Friday. Bought my first before opening texags whoops

Some of you are going to say..



with this one. But for a long-term play, I'm not sure you can have a more ideal setup than where ARM is right now. You will nearly 2x your position just getting to the breakout level. You will nearly 3x at ideal profit taking zone, and 7x at ideal upside target. This is a multi-year play, possibly even 5+ years.

Congrats to all who succeeded in this sideways mess. I stayed away as nothing was clear. But through all of that since July 2024, it's been in correction mode followed by Wave (1) of [3] build up mode. This is where the smart money enters an initial tranche. If we get 5 waves up before the breakout zone, followed by another corrective move to a higher low, the smart money will go in HARD. By the time retail and dumb money figure out its time to ride, ARM will be over $225 and possibly higher.

Considering it is hovering over the level I would ideally use a stop, I'll just tell you to watch closely. We really don't want to break too much below the 61.8% retracement level for (2), or this risks breaking down the impulsive path that is so incredibly ideal at this moment. But invalidation isn't until under $79, which is around a 25% drop from here. So just watch closely and I'll update if this starts to look unreliable.

Add to the 26 list

Took an initial position here with stop a bit below your 61.8% level

El_duderino said:

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Took an initial position here with stop a bit below your 61.8% level

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That's tight and would require bottom to be in. We're trying to buy at prices that looking back a year won't ever be seen again. Probably need to give a little wiggle room. I'm using under $98 as a stop, but you could always get stopped and then try a buy again if it gets to my stop. Multiple ways to skin a cat.

Exactly. I get stopped out no sweat I can just re enter

early this year I rotated out of ARM ~160s into PATH low teens just on gut feeling, has worked out so far but we'll see

Can't tell if POWL has one more lower then run up or what it wants to do. Looking at the 3 year chart, I feel like it will go down more before new highs. Any thoughts? Looking to buy under $300 right now if it goes there.

giddings_ag_06 said:

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Can't tell if POWL has one more lower then run up or what it wants to do. Looking at the 3 year chart, I feel like it will go down more before new highs. Any thoughts? Looking to buy under $300 right now if it goes there.

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Personally, I think POWL will hit $275 again because they're currently in their weakest quarter of their fiscal year. If it breaks $275, then it might spike lower but be ready to pull the trigger. That said, you won't get hurt buying it at these current levels if you don't have time to watch it.

Heineken-Ashi said:

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Some of you are going to say..



with this one. But for a long-term play, I'm not sure you can have a more ideal setup than where ARM is right now. You will nearly 2x your position just getting to the breakout level. You will nearly 3x at ideal profit taking zone, and 7x at ideal upside target. This is a multi-year play, possibly even 5+ years.

Congrats to all who succeeded in this sideways mess. I stayed away as nothing was clear. But through all of that since July 2024, it's been in correction mode followed by Wave (1) of [3] build up mode. This is where the smart money enters an initial tranche. If we get 5 waves up before the breakout zone, followed by another corrective move to a higher low, the smart money will go in HARD. By the time retail and dumb money figure out its time to ride, ARM will be over $225 and possibly higher.

Considering it is hovering over the level I would ideally use a stop, I'll just tell you to watch closely. We really don't want to break too much below the 61.8% retracement level for (2), or this risks breaking down the impulsive path that is so incredibly ideal at this moment. But invalidation isn't until under $79, which is around a 25% drop from here. So just watch closely and I'll update if this starts to look unreliable.

Add to the 26 list

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Thanks for the reminder because I had it on my focus list but haven't had the time to focus on it. I too like it at these levels because I see limited downside but considerable upside at these levels. I'm a buyer.

ARM as a long term buy and hold at this level?

or only a short term play?

LMCane said:

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ARM as a long term buy and hold at this level?

or only a short term play?

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It's literally in the first sentence

Heineken-Ashi said:

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LMCane said:

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ARM as a long term buy and hold at this level?

or only a short term play?

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It's literally in the first sentence

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so super short-term then?

Another for the 2026 list (that could take through 2027). PTEN

We have a potential completed ending diagonal (C) wave off Sep 2023 high. Ending diagonals tend to reverse back to their point of origin within the same amount of time that it took them to complete. Should the bottom be in, your ED reversal target is $12.60 - $16 range, so 2x+ potential from here. With a stop below the low, you have about $1 of risk per share against $6-$10 of reward per share. Breaking the upper gray trendline is first source of confirmation the low might be in. Nothing impulsive off the low yet unfortunately, but good R/R. This one is not a sure thing, as I am still short to mid-term bearish on crude.

Long RDDT. Stop just below yesterday LOD and targeting ATH/breakout to $300 so minimum 4:1 r/r

Heineken-Ashi said:

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LMCane said:

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ARM as a long term buy and hold at this level?

or only a short term play?

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It's literally in the first sentence

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So by long you mean short? Thats the same way I describe....things....

Talon2DSO said:

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Heineken-Ashi said:

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LMCane said:

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ARM as a long term buy and hold at this level?

or only a short term play?

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It's literally in the first sentence

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So by long you mean short? Thats the same way I describe....things....

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"long term buy" means you pick a date out far in the future and buy it then.

UNH looking for another breakout. Stop just below last week low and target of $392

Pretty lame Santa Claus rally so far.

Any chartists care to look at $BABA? The daily/weekly looks like another pennant breakout any day now. But if you zoom out to precovid, it did the same and failed then on a multi year decline. Looks like this will be the same third pennant formation stairstep, so make or break time any day now.

$RKT with a C&H nearing resistance.

Ag CPA said:

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Pretty lame Santa Claus rally so far.

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At what point is Santa a no show

jamey said:

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Ag CPA said:

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Pretty lame Santa Claus rally so far.

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At what point is Santa a no show

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When you've been naughty.

Tax Harvesting Season Ags we all did very well this year thanks to some of the experts on this thread. Thank you for all you do!! This message is not to throw stones whatsoever, rather it's to ask what's prudent to cut bait on in order to reduce capital gains for 2025. For me it's;
CRCL -57%
SMR -37%
TTD -37%
FIG -17%

My question to the crew, hold on or cut bait?

Merry Christmas and Happy New Years to you and your families!

HoustonAg_2009 said:

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Tax Harvesting Season Ags we all did very well this year thanks to some of the experts on this thread. Thank you for all you do!! This message is not to throw stones whatsoever, rather it's to ask what's prudent to cut bait on in order to reduce capital gains for 2025. For me it's;
CRCL -57%
SMR -37%
TTD -37%
FIG -17%

My question to the crew, hold on or cut bait?

Merry Christmas and Happy New Years to you and your families!

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If I were your broker then I'd say sell to offset your gains and minimize your tax liability. I'd buy all back after 31 days except TTD provided they stay in this range. If you'd rather look for some opportunities then we can do that too. That said, I would wait until after the new year to see how the market reacts. Personally I'm waiting until next week for the same reasons with the exception of $WING. If it sells off pretty good tomorrow because of others doing tax loss harvesting, then I'll buy my 3rd tranche. If it doesn't then I have 2 entries already below it's current price.

Is saying that you would cut bait with TTD for good? Or am I reading that wrong?

Prog Makes complete sense… will likely do so. I'm riding WING wave also, so thank you for your guidance on that pick! And I'm very happy to hear your mother is in better health… happy new year!