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acestocksplayer

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Reply with quote  #26 
PROFIT TAKING ON NS.... Actually, I tried to sell my 2 calls yesterday when I noticed the chart was likely to give back gains, but the machines would not take my ask price....sure enough, it has pulled back some today and I exited at a lower price than what I wanted. Today, I sold my 2 calls of NS June $55 @ $1.95 a share...total proceeds of $390.00...my original purchases were at $1.50 on 1/17 and at $2.15 on 1/25....so, the gross profit on this sale was smaller than I wanted at $25....factor in 3 $7 commissions, and my net profit was only $4. Still, no one has ever lost money by taking a profit and my recent chart read was telling me to get out before it did become a loss. I made one new purchase today on a small penny stock....I will post that on the Penny Board.
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acestocksplayer

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Reply with quote  #27 
Well, I am still holding 2 NUGT calls....as I mentioned earlier, I was attempting to sell one of the call contracts to ease my exposure in front of tomorrow's Jobs Report, but they would not take me out at my Ask price....my thinking at this point is that I will probably suffer some pullback with tomorrow morning's Jobs Report, but the sellling may only be a one day event....

Then my NUGT calls may resume their advance on Monday?....only time will tell, but i will take my chances with 2 calls in my portfolio instead of one.

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Littleshark

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Reply with quote  #28 
Ok ACE ,,, Chart School Short Term Decision Point view / with ACE's XXX (but 50ema instead of 50ms ~ sorry) :

http://schrts.co/6bLUvx $GOLD ,,, try related NUGT & UUP ...

on "stocks members are watching now" board ,,, cmac said that http://schrts.co/CWrNQY PVG has been a strong performer ,,, did it just break out above resistance ???

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acestocksplayer

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Reply with quote  #29 
Quote:
Originally Posted by Littleshark
Ok ACE ,,, Chart School Short Term Decision Point view / with ACE's XXX (but 50ema instead of 50ms ~ sorry) :

http://schrts.co/6bLUvx $GOLD ,,, try related NUGT & UUP ...

on "stocks members are watching now" board ,,, cmac said that http://schrts.co/CWrNQY PVG has been a strong performer ,,, did it just break out above resistance ???


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$hark, I entered NUGT in your decision pt chart....NUGT almost clear of lateral resistance and RSi and STOCH show room to run....I am still worried tomorrow's Jobs Number will cause me some short term pain with NUGT. Thanks.

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Littleshark

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Reply with quote  #30 
OK ACE ,,, http://schrts.co/aO578L NUGT ,,, that is the chart I used Jan.2 in first post of the White Space emerging patterns board ,,, suggesting that NUGT was an emerging "cup & handle pattern" on Jan.2 ...

it seems that pattern is still in control ... look at the chart indicators ...

doesn't help you "short term" I guess ,,, just the "overall trend" that is in play ~ until it isn't any more ...

http://schrts.co/59a2lN UUP ,,, I pointed out the triple top abandoned island babies as each printed back then ,,, in mid Jan. I noted that the lower BB(20,2) green BB band was NOT rising up to support price ~ so the downtrend had good odds of continuing then ...

now I point out that price has found "temporary" support on the lower red BB(50,2) BB band ,,, so watch what price does next ...
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CMAC38

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Reply with quote  #31 
I want the weather to turn cold again and UGAZ to fill the upper 2 gaps. Course that highest gap fill would be a really nice payoff.  Thoughts anyone?
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Littleshark

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Reply with quote  #32 
cmac ,,, we are colder for 3 days ,,, but weekend back into the 20's above ,,, but then temps go back down - down - down after that on the 15 day forecast ,,, BUT the historically coldest part of the winter is behind us ... also ~ I for one locked in my propane cost back in August & just had my tank topped off in January with that contracted low price ,,, so "I" won't be buying any more propane until next August no matter how cold it gets ...

http://schrts.co/cwjdcQ UGAZ weekly chart ,,, with "inspect" vertical line ,,, find the price action during past Februaries ...
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acestocksplayer

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Reply with quote  #33 
Quote:
Originally Posted by Littleshark
OK ACE ,,, http://schrts.co/aO578L NUGT ,,, that is the chart I used Jan.2 in first post of the White Space emerging patterns board ,,, suggesting that NUGT was an emerging "cup & handle pattern" on Jan.2 ...

it seems that pattern is still in control ... look at the chart indicators ...

doesn't help you "short term" I guess ,,, just the "overall trend" that is in play ~ until it isn't any more ...

http://schrts.co/59a2lN UUP ,,, I pointed out the triple top abandoned island babies as each printed back then ,,, in mid Jan. I noted that the lower BB(20,2) green BB band was NOT rising up to support price ~ so the downtrend had good odds of continuing then ...

now I point out that price has found "temporary" support on the lower red BB(50,2) BB band ,,, so watch what price does next ...

____________________________________

$HARK, that was a.bold call back in January as the concensus was that the dollar would sfay strong in the new year.....I just heard that the dollar suffered its worse January in 30 years!

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acestocksplayer

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Reply with quote  #34 
Quote:
Originally Posted by CMAC38
I want the weather to turn cold again and UGAZ to fill the upper 2 gaps. Course that highest gap fill would be a really nice payoff.  Thoughts anyone?

____________________________

CMAC, I am typing from the mobile phone as I crawl into bed, so no charts before me now...but I did take a tiny profit on my NS calls on Thursday because the chart appeared to have topped and NS derives most of its revenue from Nat Gas....

But I also pay some attention to the weather forecast with nat gas....and the general outlook is average temps but above average rain and snow for the plains states and upper Midwest the next two weeks.....the average temps don't sound great for nat gas prices....but above average snow,and rain might mean flooding and I wonder what stocks might benefit or suffer from that? The travel industry might suffer or benefit from that, I suppose....like Park City, Utah might get a good snow pack? But floods in places like Minnesota or the Dakotas might cause hotel chains to suffer.....not sure how one would play that, though....but UGAZ might not be a beneficiary.

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Littleshark

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Reply with quote  #35 
interesting AAPL & MSFT news today ,,, find under their symbols if interested ... cash to debt stuff on both ,,, and AAPL may start making IPhones in India news ...


per UGAZ discussion above ,,, next week cold here ,,, but the following week shows all 34 to 38 above readings ,,, will be like a heat wave for us here ... snow banks should start to melt down ...
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Littleshark

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Reply with quote  #36 
Something new ,,, Trump said he supports coal during campaign ,,, new coal company (mined their first coal 6 weeks ago) IPO http://schrts.co/u5PiL5 METC $14.10 ...

coal ETF KOL http://schrts.co/lo9j07 ...

or search "coal" http://stockcharts.com/search/index.html?coal ... click on center chart to left of the symbols you like ...

P&F charts have NOT flipped positive yet ...
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CMAC38

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Reply with quote  #37 
ZGNX, looking to ride another up move.

http://schrts.co/LYCg2S  

Do your own dd and follow your own plan.
Thought I would put this here as due to volatility I post most everything on the 'under $3 board" including NUGT trades.
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acestocksplayer

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Reply with quote  #38 
Hi everyone....can't say much right now....a very busy day at the office for me....

I have been trying to add to my short position on HYG....

And also trying to take long position in ZBRA.....

Holding all current positions.....

I will check back in later. Thanks.

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Littleshark

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Reply with quote  #39 
http://schrts.co/1sl5Ns HYG ,,, http://schrts.co/LFZcMf HYG ,,, macd red/blk line -D & "possible" BC island top ~ to early to say for sure ... http://schrts.co/Rwzv2R HYG FAST2 view ,,, trend is still long ...

others may read those charts differently ...

rig count was up 17 again today ,,, but new sanctions against IRAN today made oil price pop early ... effect may not be long lasting ???

3 year weekly chart view http://schrts.co/14mVk4 $WTIC with HYG as black line behind price ...

Hope something in the charts is useful ACE ...
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acestocksplayer

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Reply with quote  #40 
SHARK, I am not sure what to make of the WTIC chart with HYG in the comparison, but on your first two charts in your last post, that HYG certainly looks over-extended....

My puts don't expire until St Patty's Day in March, so time is still on my side....I picked up 2 more $87 puts at a nice discount of 77 cents per share...I now own 4 puts so one could say I am controlling 400 shares.

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Reply with quote  #41 
I also picked up one $85 call on ZBRA for March 17 expiry at $3.40 per share....

ZBRA is a tech stock on the improve and they will report in less than 2 weeks....it looks to me like it is going to start bouncing higher off the 50 day,line by early next week.

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Littleshark

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Reply with quote  #42 
hey ACE ,,, I was playing with CMF(20) on cmac's chart on Penny Board ,,, look at http://schrts.co/Ct5w82 HYG ... place vertical "inspect" line on past highs before short opportunities ,,, look at the CMF(20) green bars back then ,,, but especially look at when accum/distri line turned down back then .... it just turned down today ... on a "Black Candlestick(BC)" ... happy shorting now by that signal ???

Usually A/D turns down after the top in ... but A/D turned down before the top on Dec.12 ... now the BC is above the upper band ~ never got that excess before ... except on Jan.4 - look what happened ,, and a little bit on Sept.6 - look what happened ... and now ??? - what "should" happen ??? ,,, good luck on your short ACE ...

>>> pattern odds are favorable based on all that ...

try your other past plays in the chart ~ to see if the pattern repeats consistently or not ...
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Littleshark

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Reply with quote  #43 
http://schrts.co/xHJshC KTOS ... & in cmac's chart http://schrts.co/3lZY6G ...
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acestocksplayer

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Reply with quote  #44 
I AM STILL SMARTING FROM THIS ONE....WOULDA, COULDA, SHOULDA...!

I have only myself to blame....and circumstances! If you look right at the blue arrow on the right side of the CRR daily chart under that $9.77 low....well, I sold my call contract on CRR right near that $9.77 point...

As my day job keeps me quite busy sometimes, on that particular day, I only had time to check in once during mid-day, and at that time of the day, the machines were trading CRR down to that 9.77 point....so, I came on line just as that was happening, and the price was off several points at that moment-- so, I instinctively sold it before the machines were gonna let the floor drop out....

But, as you can see, the price bottomed on that lower wick....and notice that the price never fell out of the channel (flag)...

Normally, if I have time to come back and check my broker account near the end of the day, I will let it go and wait to see what might happen by the end of the day....and on that day, the machines had brought CRR back up to finish at a very benign level right near the 13 EMA line...in fact, the candle for that day finished with a hollow body, indicating it finished higher than the previous close...quite frankly, the machines head-faked me quite well that day... [redface]

And then look what happened in the following days...CRR gapped up and is still going higher...my $50 loss on that CRR call woulda turned in to about a $250 to $300 profit if I had not allowed them to head-fake me like that....

But an important lesson for all swing traders and longer term investors is not to panic when there is some volatility at mid-day...

CRR Daily Chart

[image]   

 

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acestocksplayer

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Reply with quote  #45 
VISA (V) had a break-out of a cup-n-handle base on Friday...it was a gap breakout...following its earnings report...

Notice that the XXX entry signal was in place for several days before the breakout, but the signal also required patience and fortitude by a trader to stay with the trade even as price slid back in the handle phase....

The patient trader would have recognized that it was a handle phase and would not have panic-sold....that's easy to say, but not always easy to execute when one is staring at potential losses in the heat of the moment....and a good point about being sure the trader has belief in their understanding of the charts....

V Daily Chart

[image]   

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acestocksplayer

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Reply with quote  #46 
IT'S BEEN A LONG TIME SINCE I HAVE SEEN THIS, BUT THE BARRON'S INSIDER'S TRANSACTIONS RATIO HAS BEEN RUNNING IN EXTREME BEARISH TERRITORY FOR THE LAST TWO WEEKS NOW...  [rolleyes]

On occasion, I have seen the ratio spike to over 40 or 50, but it usually lasts only 1 week...this time, it's stayed up close to 50 two straight weeks....a 49 (this week's ratio) means that for every $1 purchase of shares by insiders, there are $49 of shares being sold by insiders.

You CAN'T time the markets off this signal (and therefore, it hardly counts as a trading signal), but what it does tells us is that the corporate insiders are not seeing much value in the stock market right now, but they do see plenty of opportunity to sell out to the retail crowd (via mutual funds, 401ks, IRAs and pensions, as well as individual investors) while prices remain elevated....

Though we can't time a SELL signal from this, what can be said is that if there is not much value in taking on new positions, then what's left to keep this market propped up? It's something to think about, at least...

Barron's Insider Ratio Chart ( found at this link )

[b-insider] 


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Reply with quote  #47 
BARRON'S MAKES A NEW PREDICTION THAT KING DOLLAR WILL DROP IN 2017...

They make some very interesting points as to why the general public is likely wrong about a stronger dollar in 2017....

I can't go into all of the reasons here, as you will have to read it for yourselves at...

http://www.barrons.com


But suffice to say that one of the reasons they give is that it's simply a crowded trade, and crowded trades often provide the tinder to move a market downward because of all of the pent-up selling demand....

Among other things, I am still holding two NUGT March 10th $11 calls...and the chart finished very encouragingly on Friday by pushing beyond the 100 day resistance line on Friday...this despite a farily robust Jobs Report!

NUGT daily chart

[image] 



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acestocksplayer

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Reply with quote  #48 
Here's KTOS again...I posted this chart back on February 1st, but so busy on Friday, I totally missed the pop....

But it is still early in the new base breakout for this critical small cap military defense company stock...I might still have a chance to jump back on board...???


KTOS Daily Chart

[image] 





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Koog

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Reply with quote  #49 
Ace ... Going back thru some previous lists, i came across THM ...
While charting using several different charts, one that is my TripleX version.
I see a nice set-up in several different charts. Even in a TripleX chart....Take a look ....

http://stockcharts.com/h-sc/ui?s=THM&p=D&yr=0&mn=6&dy=0&id=p93385394638

My guess is you can see more in this type chart than myself....Just curious
I feel like the setup is one that looks to be promising to rise....
 
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Littleshark

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Reply with quote  #50 
I modified and extended your chart Koog ...

ACE ,,, WATCH http://schrts.co/JHr0kJ ERII now ... rising up from a higher low inverted H&S bottom ,,, resistance above ,,, but price finding support on the 10ema ,,, so a watch in case this gains momentum ...

http://schrts.co/4aYLnY count back 10 days ,,, back end action should help 10ma to keep rising as support for higher prices ... count back 20 days ,,, count back 50 days and you get Nov.22 ... if get higher prices next week ,,, back end effect and front end effect will make 50ma not go any lower ... if ...


Koog's mention above ,,, http://schrts.co/3i0Z4C THM ,, price finding support on the rising 10ma ~ not getting pulled down to the lower 50ma any more ... count back 10 days & 20 days & 50 days(Nov.22) ,, and all those average lines are going to get "back end" effect help at rising because lower then current prices will keep dropping out of the back end of each average line ... so the bears are going to have to fight rising average lines if they want to pull price down ... I wouldn't want to buy PUT's on that bet ... 200ma is rising also ='s less strength as overhead resistance ...
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