Since oil prices will definitely collapse with the fast approaching stock market collapse I plan on taking an intermediate term (1 month) short position in oil via the ETF that trades under the ticker USO. The initial leg of the short term sell signal is already in and will probably be triggered with the oil inventory report coming up at 10:30
The sell signal will be delayed if USO rallies strongly through 9.70 though. But that will only make USO an even better short. Now trading at 9.58 market.
Going to get a better short entry price here too. USO pushing thru 9.70 on teh inventory news.
7/20/17 update: A move to and thru 9.80 might delay this trade for a bit but stepping up to teh USO 8/18 expiry 9.50 puts at .18 as USO trades at 9.77.
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Stock&symb=uso&x=43&y=19&time=3&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11
7/21/21 update: This trade has now generated a 100%+ gain in 1 day. Taking away half the trade and looking to add to it on any rally higher."Obvious" upside target would be 9.55.
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=uso&x=55&y=14&time=18&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11
Fast approaching market crash? You mean the one you been spewing about for 69 weeks? Glad it's fast approaching now LMFAO
Me too. I'm getting tyyyyrd of 100% to 500% 5 day gains. I'm ready fer some "1000%ers." Why didn't you go long teh Q's whenst I closed out my initial short from 143.70 down assunder at $137? Too numb? ....or too dumb? Which is it? :-)
was too busy trying to figure out how to salvage the mythical gdtc, uvxy, vix trade. Nice wurk
VIX trade? My initial buy was $10 and it moved to $15+ within a week. 50% in a week isn't good enough for you? How's the ODP trade working out. Yeah, glad I didn listen to you but then again...when did I EVER listen to you? "Ave" price on VIX buy was 9.75, which will be more than close enough. I still haven't posted the options buy trade yet. "Maybe" I'll just moved it to $12+ right now so that you will be beitchin and moanin again becuz this Fri isn't "the" Fri eiteher...just to watch you "boohoo" some more.
pretty sure you called the collapse in QQQ 2.5 months ago QQQ short then you said june was not going to work so you went to july 21, now Aug 18? ok got it!
Yo! How come you didn't short GOOGL today in AH? Or even during reggy hours? Nice gain if you close it out right now. I should be getting Tessie back on her diet soon. I let her go because her birthday was just around the corner. Told her to eat anything she wanted for a week starting on her birthday...which was Sat. Here's a photo from the party. This is actually her second cake she ate that night.
Here's my "previous" short call on teh Q's.
https://steemit.com/qqq/@joejustjoe/6-9-17-qqq-s-vs-compx-update
Here's my buy to cover call as well as my buy call. I exited this trade early as I felt there would be one last restest of that low.
https://steemit.com/qqq/@joejustjoe/7-5-17-qqq-trade-blog
You can page down on my blog list to see what I said about teh RUT....that was one of the first spews I made here methinks. Why didn't you just go away until I finished to RUT off? You woulda saved yourself a shitload of tears.
Is BTC really up 1000.00 in a week?
Pretty close. The moneyrunners played the lemmings with the news that the "less damaging" solution to the slow speed of confirming transactions was teh most likely of the two options. Softfork (Segwit) over Hardfork...which of course will lead to a hardfukk up the ass with a baseball bat for anyone who bought the news. :-)
How come you didn buy DUST when I posted it. I told you to just stick with my golden silver trades. If you did just that it would "likely" put an end to your constant crying like a baby. :-)
nah it's the constant beating the crash dead horse for 69 weeks straight. Never materialized. Had you just went long and strong all those names you hate you could have retired instead of trolling folks the internet all day looking for a pat on the back. Fact!
damn is PCLN really over 2000.00 bitch might catch up to BTC.
I think AMZN would be a better short just becuz they already traded it to like $770 in the futures markets 2 weeks ago. I'll let you handle PCLN. My "intelligent" followers hopefully took my advice when I said >>> "I would refrain from any new short positions in AMZN, PCLN, NFLX, GOOGL until I finish topping the markets" I think I said that at my NFLX bored. Maybe one of my intellegent foloowers will stop by and "verify." Or maybe everybody who follows me is an idiot. Whata you think? :-) I can't believe the only trade I could pull off today was an XLF short....even after USO opened at 9.50 and needed only 9.55+ for me to add!! I suck!! :-)
Damn AMZN just pulled you tighty whities right down. Ill short that bitch here for at 1029. Wish me luck ill try to remove that phallus from rectum
Soooo, have you decided which one you want to "take over" controls on? NFLX? AMZN? GOOGL? FB? PCLN?...you wanna try AAPL? Ainn got it on my list yet. :-)
i already chose googl remember short at 977 and long opk at 6.13
Joe when you said you were in uvxy for the run to 16.80 back when uvxy was 12 were you talking reverse split price?
7/25/17 update: Not a sell signal here on USO but a very short term confirmed top on the move to 9.82 a couple of minutes ago. To me it's worth a 10 USO 9.50 puts at the eggzact same expiry >>> 8/18...for .15 market. I would cover these quickly if it dropped quickly. I'm still waiting for a very short term sell signal. Thus the half bet for $150 total instyead of perhaps twice that if teh signal materializes. Here's the setup.
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=uso&x=54&y=14&time=3&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11
7/26/17 update: Being impatient and not waiting for the actual sell signal on USO will cost me some time premium on this trade. But the trade itself will only get better as price moves higher. The inventory report will likely move price looower if it is a bearish for oil report. I would "rejigger" on that move lower if given the chance to do it. The actual high that now needs to be breached before new short entry is made is 9.96...not this opening high of just over 9.90.
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=uso&x=52&y=17&time=18&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11
I will take one hundred shares of DWT here at 28.25
You frgot to add >>> "...and at least another 100 shares as soon as today's low gets taken out." :-) naaah, "maybe" you will get a rally high enough to generate some chachingo. That's "likely" the probability as you wuz just 30 minutes ago spewin about how I farked up the USO trade. That's ALWAYS been a good sign in the past. :-)
7/26/17 3PM EST update: Both GDX and SLV got rammped big time as the compooters broughtthe dollah down in a heap...to a new 52 week low that needs to be breached. It won't get done today. USO is still an "add to" going into the close but it needs to breack 10.01 and can easily run to 10.05 with no new technical damage getting done. Only other "potential" buy is the VIX on a pullback to $9. Now at 9.41. The charting service I used just blacked out as UVXY was making it's new low moments ago. Here's USO and also the VIXen chart for the queen of the sexy VIXens.
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=uso&x=60&y=18&time=3&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11
VIX
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=vix&x=52&y=12&time=3&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11
7/28/17 update: Fookin Focusing on the oil trade this morning and it looks like teh 8/18 expiry 9.50 puts are still going to be the way to go. USO now at 10.10 and needs at least 10.15 to signal this sell. My low end target is actualy 9.00 so playing for the 9.50 strike on what is even right now a .08 bet makes thisn a "potential" 5 timer at least.
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=uso&x=55&y=12&time=18&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11
Update: Sell signal triggerd right at 10.14 but I figgerd I'd wait til it saw 10.15. That gets the 8/18 expiry 9.50 puts at .07 market. "Hopefully" this is a "set it and forget it" trade now. I wont be adding in the very short term if it now shoots thru 10.20 as that will delay things. Sell signal should be visible on that last chart I posted. Go and try and figger it out. You don't "need to" becuase I say it to you in a way that you don't even need to think. "Thinkless" stock trading...you lazy and CHEAP bastages. :-)
OK, it is "likely" too late for this disclosure but since the volume in the USO put options I outlined has soared from about 83 contracts to now over 1000 contracts I will make my disclosure. I generate zero gain finanshilly from posting my marekt commentary. I "expect" no compensation. And I do not even consider compensation earnt via what this experiment in social stupidity that is steemit pays me. So anyone who follows along with me and acts on it...you are on your oooown. I'm just showing peeps how to use sentiment indicators to "maybe" predict price movement. Nothing more. :-)
I appreciate all the time in you put in your spews ect. ( I'm just showing peeps how to use sentiment indicators to "maybe" predict price movement.) Thank you
Thank me "if" you actually learn how to guage things. Because if you do it will become waaay more fun than playing video games. I'm glad I never latched on to that bad habit...video games. Being able to tell the markets what to do next as a video game?...now THAT's a shitload of fun!!! If I can develop a game by Xmas I will have that on the shelves at Walmart also. Kind of a $19.95 version of "beat the machine".... Buy the video game first. If you can beat the machine then I will just give you a machine for free. :-0 Both items "tentatively" set for Xmass release altho I just thunk up the video game idear just now :-)
Is 10.15 still the sell signal or did you move it to todays price of 10.28? Nice wurk
Thanks. In acknowledgement of your stupidity I will try and limit my overall gain in this trade to 500%. :-)
Oh and that SLV short...gotta feel for your mom when she does the laundry. Two tone tighty whities. She gonna think you are at chipotles
Don't ferget to add another 300 UGAZ at 9.50. :-)
Added 100 more 10.36
See you at 9.50, this last fart went right THROUGH your shit! LOL
Ill cover my XBI short from 81 here at 77.30.
Im going to take my apple trade off here at 1.45. Bought at .65 lotta cha-ching here
Nani boo boo. I did better than yoo hoo on "behind the scenes" trades. How's that SVXY short from 92.50 workin out for ya btw? Oooh well, "coulda, shoulda, woulda" but now you will just hold for what...$210+? What a dummass you are. Keep holding teh GOOGL short too, idiot.
8/2/17 update: USO "probly" gonna run to 10.35..ish on the oil inventory report. HODL the short!!
8/17/17 premarket update: USO needs to see 9.30 or so for me to start doubling my $$$ on my USO 8/18 expiry put options. I'd start scaling out in 1 or 2 sales of those puts with my target still 9.00...spot dead on.
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=uso&x=27&y=17&time=18&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11
8/22/17 update: The "final" result of the USO venture was a complete loss...which could have been at least mitigated on the Th before expiry...but all trades were "lotto ticket" bets and to me it didn't make sense atall to start paying additional commish costs.
Guess you forgot your final results of slv puts eh? 100% loss...glad i could help. Sukka