Wishful thinking is not a strategy, best of luck

https://www.investopedia.com/ask/answers/042115/whats-best-investing-strategy-have-during-recession.asp#:~:text=A%20better%20recession%20strategy%20is,despite%20the%20prevailing%20economic%20headwinds.

PS. You used to provide good trades resulting in trending moves. Gold has been one such trade, really easy money. You may be able to offer trades when you see them. I am watching USD (EURUSD), /CL for a reversal.Grains should start trending but they have not: too many index short-only funds sell small pops and bury the price back down.

Indexes are not a good option for trending this year: they refuse to go down further, and do not go back up. I have not had much luck with them this year.

with futures you could close at any time you need to. However, EW suggests more upside because the move is clearly impulsive and wave 3.

Did a YOLO on a $1025 call so hoping NFLX opens up $110 Monday! Lol!

i decided to close out my gold futures long and go short.. randy is usually right even if it takes a couple days or more and why get so greedy.. this trade is due for a drop..actually long overdue

Correct. In the last couple of (video) updates on the VIXY, I highlighted my “re-entry” or scale-back-in zone which runs from this week’s low VIXY down to but not below the 52.70ish level.

The top of that scale-in zone coincides with the bottom of my bounce target/scale-back-in-short zone for QQQ that I’ve also covered in recent videos. Here’s that daily chart with the zone in purple (as well as the previous re-entry zone after T1 was hit).

Thank you !

NFLX major (L/T) sell signal to come on a solid break and/or weekly close below this intersecting uptrend line + 831ish price support (weekly chart below). Targets shown at arrow breaks.

Not an ideal form for a H&S on that daily of UNG, IMO, and more so, H&S patterns are topping patterns. As such, I don’t put much stock into them unless I see them forming after a prolonged uptrend. Nat gas is just coming off a major bear market bottom.

Well not exactly “still on” a buy signal. I recently highlighted the objective long entry on Treasuries (10 & 30 yr) when they fell to support & had the positive divergence on the intraday chart. That bounce was gamed & could have more to go when I look at the charts but my preference on Treasuries, due to all the headline risk lately, is to get in & get out quickly, mainly targeting relatively small & quick profits… a lot like what I’ve been doing this week with the /NQ & /RTY (index futures), mostly mean-reversion type trades (selling rallies into resistance & buying the bigger dips into support).

I closed out that short on /ZB I mentioned taking in the video today right about where it is still trading now (114’120). With the 3-day weekend coming up, I’m doing my usual thing of lightening up on exposure, even more so with the 3-day weekend & near-term obscurity of the charts.

My preference is to wait & see how Treasuries trade next week before taking another position, long or short.

I am happy for you, Randy. And thank you for taking time to respond.

Congrats on your gold trade but criticizing someone for not milking profits from a trend in any one particular security is just plain silly. Have you ever heard of a fund manager or well-known investor like Warren Buffett that caught ever security that had a nice rally/trend all the time?

Again, glad you have stuck with the trend in gold but I’m having very good year by swinging the shorter term trends within the longer-term trends of the metals (mainly silver & GDX), both long & short… plus many, many other securities (stocks, bonds, commodities, crypto, etc…)

Sure. Daily & 60-minute charts (with notes) attached. Not crazy about the breakout & backtest of that lower TL on 60m chart although the divergences that we in place at the short entry are still very much intact & even larger now as /HG approached interesting price & trendline resistance, thereby offering another objective short entry or add-on.

I am watching it like a hawk, and ready to cut a position on any further weakness in order to buy lower. 3295 is my line in the sand. However, 3500 is the next target. 4000 is a target for the rest of the year.

ive had gold futures since 1800.. i agree with your statement.. but everything does correct sooner or later and when it does randy will tell us how he predicted it.. leaving out the 200-300 point move up

Congrats junkie. but let’s keep it on the QT. talking about gains like that always comes back to bite you in the ass. I’m with you every step of the way.