Short Term Trading Weekend Lounge: 1-3 Feb, page-19

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Sector

35,472 Posts.

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01/02/19

20:45

Post #: 37305324
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Originally posted by 952i: ↑

@SectorThought I'd wait till weekend to respond.

Some random ramblings.
Markets still looking better, I think feds were smart in holding rates, ofc the inevitable will happen eventually which will be catastrophic but looks like they're pushing the bull market into overtime Powell wants a victory before handing over the reigns. Gold vs USD went nuts, Gold vs AUD doing okay too. DOW holding up, would really like a pullback but its being incredibly stubborn, yields took a smack from feds tone.
Commodities looking much healthier.
I'll try get some charts out to back these ramblings in near future.

In general market optimism continues but I could see the PTSD/Cautionary tone in markets as quarterlies were released, lots of shakiness and selling any sort of hiccup.

GCY as you mentioned was hesitant. RMS still my big player pick and it made a good comeback from this mornings sell off from aftermarket qtr release. RMS is stretched however will need to pullback and settle itself soon.
My second favorite gold developer EAR popped off today and got me happy but was sold off aggressively in the span of 30minutes lol.

As for charts posted on wednesday,
EXU - broke out into new highs, RMS releasing another subholder notice (I haven't read it yet but noticed an increase in shares).
SFG - Confirmed supply today from that pop off and sell-off
WGX - Sold off
BAL - This one interests me alot now. Day after it broke out (Thursday) noticed alot of a milk plays get some serious volume. BUB, KTD, A2M, JAT all at the same time. Fundies playing with them maybe? A2M my favorite setup of the lot.

The rest of the charts nothing's really changed.

Anyways HAGW all.
Cheers

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Commodities,
I mentioned a look at Zinc/Lead and Nickel turns last week...worth watching for strength.
I'm liking all 3 for now...but still monitoring.

yes, RMS may be overbought after that 45% run, but I did like the 2020 forecast, and RMS have been ones to overdeliver so i think that's the main reason for the comeback from initial reaction...GCY did the opposite, so the hesitant call is appropriate, but won't sell, even though I've given back my gains since early DEC .

have a look at KAR fundamentals, I'm getting pretty bullish Karoon is looking at double bottom (maybe today) with 82c low.
and 88.5 high finish. I'm not set, but hopefully I get a chance soon to fully load.

XAO Value at posting: 5,935.3
7 Upvote

0 Great analysis

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