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Short QQQ to fill the gap


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#21 skott

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Posted 18 October 2019 - 09:44 AM

Compare QQQ to yesterday's chart

https://tos.mx/2A8xqm6

#22 skott

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Posted 18 October 2019 - 10:02 AM

NQ still has to break 7900, then 7800, 7700, 7600 and then test 7500 which IMO will break if/when we get there. If that breaks all
bets are on for the downside.

Let's see what happens

#23 skott

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Posted 18 October 2019 - 10:39 AM

while we wait for the market to tank let's look at the gold miners I recommended as long ago as June. MGDPF which is Marathon
Gold. It's up 100% since May 2019, and up 50% since June-ish. I bought @ 70cents now $1.27 Irving Resources,
Symbol IRVRF, I bought over a long period of 15 months accumulating between 50 and 70cents. It's now 1.82ish having pulled back from a high of 2.50 This is a super
strong buy at this point. Lab assays are backed up and because it's Japan just shipping ore out is a problem.so the stock has pulled
some. That is opportunity. This stock has a shot at $20-$40 US if the results continue being good. Novo Resources NSRPF up 16% yesterday.
Lion One Metals LOMLF 50cents in June been as high as 80cents. It's a strong buy/hold. They likely have 5-10 million ounces plus.

Edited by skott, 18 October 2019 - 10:58 AM.


#24 skott

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Posted 18 October 2019 - 11:07 AM

Decision time. I made mine the last three days. I'm in the money now. remember to click twice

https://tos.mx/7nFQTKz

#25 skott

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Posted 18 October 2019 - 11:08 AM

oh bTW, naz100 bullish sentiment on DSI reached 70 yesterday. that's pretty frothy. Short em if you got em

#26 skott

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Posted 18 October 2019 - 11:48 AM

https://tos.mx/y4ggDcE

Important floating support zone

#27 skott

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Posted 18 October 2019 - 12:39 PM

Prior support now resistance on 30 minute chart for QQQ. Low risk short entry here. but my short plate is full

https://tos.mx/LLwkAyf

#28 skott

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Posted 19 October 2019 - 04:45 PM

Too much corporate borrowing. Share buybacks,etc. They can't even meet the interest payments
https://www.dailymai...-IMF-warns.html

Edited by skott, 19 October 2019 - 04:46 PM.


#29 skott

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Posted 21 October 2019 - 11:35 AM

I thought this would be at least a fill the gap trade. I have to leave for work early today and the rest of the week I will be
totally out of pocket during market hours. Not sure if I want to ride out possible new highs and maybe a nice run higher. not much
time to think on this one. may have to decide after the close ATC

#30 skott

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Posted 21 October 2019 - 11:57 AM

There is a positive cycle bias for this week IMO. so we could go higher still before either a small or a big correction.