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Saturday, September 21, 2024

Yet Another Awesome Trading Week in Tech Stocks & Gold miners - on the long awaited FOMC pivot - ends with an Explosive 15% Move in Natural Gas

Week before OPEX was great trading - read all about it - and low and behold; if this week wasn't just as good, thanks to the Federal reserve's big rate cut.

This was one of the best trading opportunities I've seen on a Fed announcement, since I started doing this - 15 years ago - but the ability to trade something like this accurately, only comes from much experience, and due diligence.  

I even called out the trades, ahead of time: 

1. Gold Miners

 Not only did I get the trade right, but I sold the breakout, for a killer swing trade:

I even warned traders - to sell the relief rally - ahead of time


2. Tech Stocks (I actually called out this trade several times because it was so gd obvious)

Lessons to learn from all this: 

  1. Market's can remain irrational for longer than you might think...
  2. Stay nimble
  3. Don't Fight the Fed
  4. (almost) Never attempt to sell into options expiration (Friday)

Of course most sectors remained pinned into - yet another rigged - Options Expiration, as we have seen so many times before, but one (big) exception to that rule, turned out to be in Natural Gas!

Friday's incredible 15% move in Natural Gas Goes Unreported  

I did give some hints to the latest moves in Nat Gas, but if you think I'm giving away my Natural Gas targets, you are about to be sorely disappointed... These are million dollar charts, and I'm not sharing. In fact half the reason I even bother blogging anymore, is to document my great success.

I did give out a lot of information, but unless you were paying close attention, you most likely missed it but there's much in depth analysis, I'm not giving away. If the hedge funds want my help they should make me a decent offer. I don't work for free, and their trolls get blocked.   

 More on Oil, in a moment, but first:

To Document the winning NatGas Trade - as of late  

 First I documented the bullish trend on NatGas


Then, I called a short term top in NatGas. Some might call this setting the bear trap, but the bears should know better [omitted expert technical analysis]... 

 

Then I called the reversal in NatGas

I did post a few short term Natural Gas charts; the following one confirmed the trend was still higher. 

 

Of course most retail short sellers in Natural Gas can't even read a chart, let alone trade something as volatile as Natural Gas, while at the same time trading several other markets.  

 The Bottom in Oil 

The only reason I mention the oil trade is that Oil & NatGas seem to run hand in hand, but I also want to point out how easy it can be to call a market bottom as the most recent bottom in Oil was. 

This one was easier than most 

To Document 

Sept 9th $66

Bottom was confirmed more than once 

 I even sent the White House a friendly reminder to refill the Strategic Petroleum Reserve

Of course I make this all look easy, but I tweet hundreds of charts per week, and even that is only 10% of what I'm seeing, on any given day.

As usual I'm not going to tell you what comes next, but I can tell you that my 401k money remains sidelined, until I see better opportunities. 

Fake News networks, reporting New market highs, and other nonsense, is only good for headline risk.

 Take Care, AA


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