Thread: Bear Cave 2 (Bull Allowed)

SPY daily: ( C Fund) The Bulls will want to hold above the 200 dma if they can. For me, I be looking for a DCL so I can add to my VXF position.

VXF daily: (S Fund) Almost a (-25%) move down from the November high.....

VTI daily: (Combo of C and S Funds) Remains below the 200 dma.....

EQX daily: My gold miner trade not doing well due to Fed Speak - Rate increases coming.

EQX testing the August low marker, and made a slight undercut. Looks like more pain for the Gold Miners today. The charts remain very ugly as we move lower....

Long EQX and GDXJ

EQX and GDXJ 2 hour Beat down chart: We "MIGHT" be close to an oversold bounce..... We shall see how it plays out. I added some more shares during the morning beat-down. I continue to scale in and see where this goes..... I don't use stops when trading GDXJ at these prices....


https://stockcharts.com/h-sc/ui?s=EQ...3&a=1103829665

EQX/GDXJ daily: EQX now down arounf (-35%) since its November high......

Both remain in a downtrend!

Long GDXJ, EQX and VXF.

Well I didn't pull the trigger on GDXJ, right when I was going to, someone dumped 167,000 shares of it. Got cold feet after I seen that. I still want to get in, but gonna try to time bottom better. Not sure when that is though.

Originally Posted by Babkock

Well I didn't pull the trigger on GDXJ, right when I was going to, someone dumped 167,000 shares of it. Got cold feet after I seen that. I still want to get in, but gonna try to time bottom better. Not sure when that is though.

It's never easy especially when trading in this sector, and that is why I scale in using small tranches. I also keep positions smaller in this sector. I'm currently down around $700.00 on this trade, but I will not be selling. Only adding if GDXJ continues to move lower. I have NO IDEA when GDXJ will bottom. Many will tell you never to add to a losing trade or catch the falling knife, but I do that in small tranches when trading this sector.

The Trend remains down for the miners as the dollar moved up sharply today.

GDXJ is down around (-14%) from its high 6 days, and around (-21%) since it's November high....

GDXJ daily chart after the close: Ugly! In this sector I really like to buy when there is blood in the streets and traders are throwing in the towel. I think we are getting closer, but that is STBD and just a guess based on what I'm seeing. Looking for an oversold bounce....

Take Care!

Long GDXJ, EQX, and VXF

Gold and the dollar daily: Gold back below the 200 dma again..... UUP spikes up and gold moves down....


Gold update: Failed breakout

https://blog.smartmoneytrackerpremium.com/

Still Seeking A Bottom

Stocks printed their lowest point on Monday.

Monday was day 33 for the daily equity cycle, placing stocks in their timing band for a DCL. While stocks did form a swing low on Wednesday, they remain contained by the 200 day MA. With the 10 day MA converging on the 200 day MA, we will need to see a close above both the 200 day MA and the 10 day MA to signal a new daily cycle.
https://likesmoneycycletrading.wordp...king-a-bottom/

VXF daily: Day 16 since moving below the 10 sma on the daily chart -( a sell signal). VXF is now down around (-16%) since moving below that average.

Bottom Line: The trend remains down as SPY and VXF ( C and S funds) try to find a bottom. VXF remains very oversold under its 200 dma.

LOL..... Where is the oversold bounce? A guess the long white candle on Jan 24th was it..... So far that marker has held and its still possible that was the low of this move down. We should know in the days ahead. TSP accounts that are in cash, with NO MOVES left, will soon get 2 more as stocks try and bottom and we get a possible a possible tradable oversold bounce. Don't expect it to get easier. I think these huge swing will continue for the rest of the year. Look at the 1929 to 1931 chart below. This market in valuations is closest to that historical time frame.

Long VXF, EQX and GDXJ Another gap down and more pain for my miner positions.

Adding GDXJ this morning around $37.00ish - which is about the current price..... Limit orders in to add additional shares as we move lower. GDXJ testing the October lows.

My cuts are getting deeper as I add!

GDXJ and VXF: I wanted to point out why I started buying GDXJ and the miners once GDXJ moved below $40.00ish. Note how GDXJ and VXF move close to each other on the chart. I expected the miners to get an oversold bounce when VXF does. LOL... WHEN? If I would have used my trend-trading system I would still be in a cash position. However, I didn't and I'm now into a losing trade trying to get even, but adding as most keep throwing in the towel. That is what us True Contrarian's do, and that is how I trade GDXJ and the miners. You can bet Steve as adding very small bites at these prices.... The more blood in the streets the more sellers we are seeing. Why is that good? Because many will buy shares back after we bottom and start a new trend to trade.

https://twitter.com/TrueContrarian?r...Ctwgr%5Eauthor

For now the trend remains down.... I sure wasn't expecting VXF to get this oversold without a oversold bounce. It has been a real bloodbath for such a short time frame. The warning signs were there for sure. Is this an ICL or YCL for stocks? Maybe it is.....

We shall see how it plays out..... For now the Bloodbath for small caps and the miners continues.....

I added some more GDXJ shares @ $36.75


On this chart:

GDXJ= Candlesticks
VXF = Solid purple line

EQX daily: What a blood bath....

Long EQX to early, but keep in mind the position is small and I continue to buy small tranches. The cuts are getting deeper for my first tranches....