How and Why Bitcoin Could Drop
It’s not just the SPAC’s, EV’s, Alt-Energy’s, Solar’s and Biotech’s whose bubbles have popped. Even AAPL and TSLA popped. The tip of the mania spear, Bitcoin, looks like it just popped. Bitcoin struck a high of 64,895 in mid-April. It has a projection to just below 40,000. Rounding the high to 3 digits and anchoring […]
Continue Reading -->Options In Play – All Eyes On SPY
While leading the charge higher this past month, SPY has moved through the top of a long-term channel. Now, after a small retracement, the big question is what comes next.
Continue Reading -->Gold Following Through
Over the past few weeks we’ve penned several articles pointing to precious metals finally being in a position to rally. Precious Metal Stocks, Finally In a Position To Rally Golden Rules of Time, Price & Pattern GLD Forecast On Tuesday morning, I called an audible long intraday on JNUG (a triple long ETF on GDXJ). Gold miners erupted […]
Continue Reading -->Flamingo Low
I love flamingos… in the stock market. These are spike double bottoms within the context of a stock that has been flying. The pattern often plants the feet for a new upleg. NTLA left a second Bottoming Tail at key support on Tuesday and we used it as a long swing idea in the Hit & […]
Continue Reading -->Buy the Dip Tripper
“Got a good reason for taking the easy way out.” – Day Tripper, The Beatles The level of belief by the public that the market is a one-way buy the dip trip is rivaled only by the extreme of the frenzy and schizophrenia that currently grips investor behavior. Allow me to explain. Despite Climax Runs […]
Continue Reading -->Options In Play – A Sympathy Trade Week
Earnings season kicks into gear the next few days but it’s still hard to determine whether options will get rewarded. That’s why sympathy trades will be in focus.
Continue Reading -->The Market Is Speaking
“My expectation is for a relatively sharp decline at some point this week…” We wrote the above in Monday morning’s report. The Square of 9 posted on the Hit & Run Private Twitter Feed is one of the factors underpinning the idea of a downdraft. Any reversal from this time frame must be respected as […]
Continue Reading -->GLD Forecast
The following daily GLD for 2021 demonstrates the unique magic of the Square of 9 Wheel. GLD struck an important high at the beginning of the year at 183.21. The Square of 9 below shows that 180 degrees down from the January 5 pivot high is 157. Purple is 183 Blue is 157 GLD turned up from […]
Continue Reading -->Two Trading Mistakes That are Holding You Back
So you think you’re doing everything right but STILL can’t boost your P&L? It doesn’t matter how well you read charts, understand market trends, or how many newsletters you read, you’ll never be successful if you keep making these two mistakes. When I started trading, I had to learn these things slowly, the hard way. […]
Continue Reading -->How to Write the Perfect Trading Plan
When the market turns unstable, what do you do? Panic sell? Seize the moment and start gambling? If you want to wade through the treacherous waters of a volatile market and come out with your P&L — and your dignity — intact, you need a trading plan. Creating a trading plan can help you reset […]
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