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Category Archives: HEP

TGOD And TGOD.WT Bearish Move Review

When an asset class goes vertical like TGOD has done after its IPO, then the people that were in the original IPO would be very rich! There is one big trick to all this as all investors have not made a single dime, until they have sold out. There were well over 2 million shares traded today and I bet many of the IPO investors are dumping to lock in their profits. The worst thing we can do is chase this bull market, but to wait until a good correction is visable.

I try to avoid single stock commentary but I can’t help it.  🙂 I show a “B” wave top in Minor degree as it syncronized well wth the peak in HMMJ.  TGOD could crash so deep that it will shock most participating speculators.  TGOD could retrace its entire IPO move if we are close to matching the HMMJ ETF pattern. No Price support is going to help us here if a 100% retracement is going to happen.

This is the warrant chart  for TGOD and the “B”wave top is just s reference point to the HMMJ pattern. TGOD.WT could fall well below $1.00 before it could be ready to bottom.

I’m sure TGOD is not inside the HMMF ETF, but it can still act much like HMMJ. Only time will tell, as to how well they will syncronize with each other. As far as I can tell from the HMMJ ETF is that we are correcting, but not finished at this point. Once I see a sufficient correction has taken place then a full set of 5 waves up should follow.  (5 waves in Minor degree)  Any trader should not miss 5 waves up in Minor degree, as that is the most exciting thing you can ever experience.

We are going to get swamped with good buying opertunities, but there are only a few that know how to catch a, “falling knife”, in a  “C” wave crash!

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CA:HEP Horizons Enhanced Income Gold Producers ETF Review

This is an income fund in Canada started back in 2010. 2011 was my Cycle degree wave 3 peak and what followed was a grinding bear market that looks like an impulse but in reality it is just another diagonal 5 wave sequence. All this may be hard to swallow for those staunch gold stock bulls foaming at the mouth, but I’m not here to make those emotional traders happy, as I will always try to supply an alternate idea about bear market rallies.

I call them fake runs at times, and the biggest and most important thing to know, is that all bear market rallies retrace themselves by 100%.  In mid 2016 I called for a correction in what I though was a bigger bull market still to come. What followed was another grinding sideways movement that seems to be going nowhere. All bullish corrections during that time had failed. When we apply a wedge to this section, HEP is getting bunched up inside the cone, and it must be forced to break-out. Break-out in what direction? Slice the top line first or slice the bottom line first?

Our choice comes down to two basic chart directions, up or down!  This pays a small dividend but I still would not touch this ETF with a 10-foot pole.  I do not give any specific buy or sell calls, as I can only forecast up or down my idealized wave structures. I may still be a bear now but I will turn very bullish when the time comes. There is always a chance that I can be wrong, but then the bull market will have to leave without me, as I refuse to jump into a trade in the fear of missing out. In 2008 most markets crashed together as gold/silver/gold stocks/oil and all the big markets headed south. If it happened once before, it sure can happen again. It would cost you about $2300 to find out!

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