very well said there @hitman ! thank you for taking the time for your reply here it's much appreciated. yep i agree with you 100% there as well ... it looks like we got a little taste of that volatility pick up today ... these next couple of weeks will be really interesting. glad to see you're still around! really enjoy reading your input in here. keep 'em coming. hope you have a great w/e
It's time for metals and volatility. There are a few things brewing and if they come through capital will start moving to ASIA. So pay attention to whats going on Globally the next 3 months big fortunes can be made.
Update for next 2 weeks 04 Nov high Vol 08 Nov same 10 Nov to 16 Nov H VOL, This date is key 14 Nov major Panic.
My outlook for the US economy, Tuesday 08 Nov and into 2017. If Trump wins the market will see new highs and this will happen if he follow through on cutting corporate taxes(15%) for the doubters on this go back and research past elections and market history. If Hillary wins good bye markets and good luck to the USofA economy so cash is king as of tomorrow, I am long gold, long volatility and short DB. Disclaimer do your due diligence I could be completely wrong.
VIX will settle down today but tomorrow high and then on the 14 Nov major panic, I wish I could have sold some of my VIX call options around 2:00am oh boy that would have make some massive massive gains. My calls are good for another week so I'm will sell some of it and ride the freebees. GL all.
Here is food for thought in the early 80's a democrat who became a republican went on to become president from 1984(Ronald Regan) guess what happened to the DOW? Do your homework folks and good luck with your trading choice.
I am short Gold till about 970 - 980 then I will switch and go long, look for high IV today then panic tomorrow. 21 and 22 Dec high IV. 19970 is the resistance in DOW once that is broken then 20K will be taken out and DOW heads higher I said in the Brexit thread that they DOW will go higher cause money will flow into the USA markets so here we are with the DOW closing in on 20k. 21K yes I said it 21K could happen in 2017.
Since the 20k level wasn't printed what is likely to happen is a correction and all bears will come out of the woods and the correction will be their kiss of death cause a the move to 21K will begin. I'm short a few European banks and Gold. Happy New Year to all taking a peek in.
20,000 broke today. All Bears time to reposition yourselves the Bulls are at the gates getting ready to run, if you are in denial then say good bye to your portfolio and here comes your worst nightmare. Whatever resistance you see it will be taken out by short covering see you Bulls at the 23000 print.
Things are starting to get really interesting politically in Europe and a lot of $$$ can be made, providing you don't pay attention to all the noise from some of these BS news-reporters/analysis. Here is a few things to look into some head figures in the political arena in Europe is now saying that the USA might cause the EU to collapse so watch for the US$ to soar. Looking at the DOW I will say it again when it blast off bears are going to get some serious constipation it's only 11 days since a new US president took over and this is where the mistake is been made by most investors/traders cause they seem to forget it's only 11 days and we are getting a lot of noise. I'm still short GOLD and now long US$. Do your own research I'm only responsible for my actions not yours.
I'm now long gold to about the 1270/1275 range then will go back short, Asia is back from celebrating so we will see a small pop in Gold which started today. This week and next 2 weeks we will see high volatility in gold due to the mess thats brewing in Europe(Frexit,Nexit and Grexit) GOLD is not ready for prime time, this is where I believe the trap is setting up…. the pundits are telling the masses go long so be careful out there. I'm only responsible for my actions not yours.
Resistance on the DOW is around the 20160 area once this is breached look for the move to 23000 central banks in the EU is shaping up for a major breakup in April if the DOW get past 21150 in April due to the collapse in the EU then the march up to 23000 is unstoppable. I took a position in gold on Monday at the open and will be looking at an exit point before the close Friday this could happen today base on my 3 day rule. I think this little upside that we are seeing in gold is a trap cause gold is still in a downtrend. I still believe that we will see a move to the downside in GOLD to about the 1000/970 level then a swing to higher highs.
20504.41 todays close now the DOW needs to get pass 20505 this week and a February close above 21387 and we will see higher highs until the French elections in April / May. So April / May might be a turn down period leading up to elections and depending which party get elected then a clear direction will emerge.
pay attention now to the DOW the week close was above the 20505 there are those who are still in denial of what's happening and sitting on the sideline although smart money is moving into this ride. February close will determine whether the move to 23000 is on its way.
The correction started since the DOW broke the 20690 level on the closing this should continue into April/May period. Gold rallied for 7 days passing the 1241 the major resistance is at 1335 with minors at 1270 and 1290. The change may come in May where the DOW should start back its climb upward.
