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- Last Update: 22 January 2019, 13:27
General Market Commentary
Jan 17 Thurs 10 am > Good morning... ACB and TGODF sell kicked in this morning. Once indicators are violated, the sell must be given immediately. Not doing so could be a collapse like KSHB did on the 14th. So now the cannabis sector is correcting, or calling it getting 'smoked out.' Which ever the case, the year is just beginning. $NYMO at a high along with the pot stocks that were... Oil and metals flat this morning...
Missed the buy signal on NUGS so will let that trade alone... Virginia's chart list may have been taken down because of her new job. Don't know for sure. Will be out of town tomorrow....
Jan 15 Tues 2:50 pm > Another sell kicking in for ORHOF, for a chart gain of 45%. MJ also sold before closing for 28% chart gain. Gold break down? $NYMO rolling over with a few pot stocks...
Thanks Bob A. and Bob H.
Jan 15 Tues 11 am > Indicators on CRON just turned negative to a sell and a 30% chart gain. Never be greedy...
I have worked up a list of around 9 pot stocks. I will attempt this year, health withstanding to show buy and sell signals as they happen as the year unfolds.
Proverbs 3:16 Blessed is the man who gains wisdom, the man who gains understanding.
May 16 Wed The strength of the broad market has been super fueled by oil prices to its highest level in a year. During this time frame, the semi conductors and small cap stocks have also had a sharp upside increase. Today however, a bearish hirami candle printed on the $BRENT closing price. AAPL has made a chart high along with NFLX, printing a triple top. $VIX bouncing off a monthly low... $NYSE chart breaking down. More time will tell if a major top is in....
Jan 7 Mon > A few trading hints:
Regardless of which trading chart that one likes, it must make one succeed or perhaps it is the wrong trading chart to use... A good chart must be timely. The chart indicators must turn with the price. Picking the chart style is also important so that it also can help to reduce whipsaws. Once a trade is initiated, a stop loss, say 3 % is placed immediately. It will be moved up daily, providing there is a gain for that day. If the price drops from where you bought it, get out! Always remember Discipline and Patience.
Make this year a great trading year! I will try to show more buy and sell signals this year. Hope each will have a prosperous, healthy and happy year with God's blessings to all.
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