And I'm going to warn you like I have been warning everyone else...if this trades thru $420 and you don't sell every single coin of every single crypto you currently own...it'll be "gone!" the money. :-)
Working its way into "mildly oversold" again so you "must" assume a rally is coming. If they panic out instead...let em shit their pants. I'll be there for you at the next "realistic" buy point. But again, don't lighten up on a further rally and you WILL be sorry. You can use GBTC as your guide or check with my updates. 297.00 is the current target low. That's 25% less than now. If it transfers over to "acutal" bitcoin...I'll call that "panic" before it even happens. :-)
I think your analysis is valid. Thanks again for this.
Looks like NiKE reports here after the bell? You ready for a "dramatic" decrease in the waste of $$$ allocated to both professional and amateur sports endorsement contracts? I haven't been following it as closely as UA, and I know UA eventually makes a new low. Let's see if NKE gets dumped on. It's a short if it rallies.
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=nke&x=58&y=18&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
Just figgerd I'd look at the list of earning reporters to see if I can "guess" one right. :-) NKE "holding steady" at 53.50...after a brief uptick in the first few minutes of after hours trading, caused by the green horn fresh out of Yale handling the NKE trading account at Jay P. More Gone >>> "You can't screw NKE up, son. No way, no how. We'll start you off there" says Jamie Dimon :-) Wish him luck, Greg. His job depends on this earnings report....gulp! :O
GRRREAT errrnuns out on NKE but it's "struggling" at 55.00. I'll call it an "after hours" short to 51.70 from $55.00...spot dead on. Let's see.
@joejustjoe I have to say I am very impressed with your take on the markets, I am looking forward to hearing from @traderglen as well.
I don't think TraderGlen gives much market commentary. I "earned" my "troll" status becuase I do.:-) Btw, no need to thank me for my work on today's UA rally...as "promised." it's what I do. :-)
I going to hold UA and USO most likely until the end of the trading day, but we shall see. Nice work Joe.
I'm focusing on the sexy VIXens today. I'm already long the VIX to $11 by 7/21. I am "expecting" UVXY to trade to a new 52 week low. I am "targeting" the 8.55 area as a long term buy and hold price. It can actually be bought and held right now but...I'm a "perfectionist" I guess. :-)
You have guts I will say that. I am sure you will do well.