Trend Technical Trader is an online service providing winning strategies in both bull and bear markets. Updates are Monday, Wednesday and Friday after markets close, with email notification sent to subscribers for each update.

Below is from Friday, March 10/23:

DJIA lost 1481 points this week, or 4.44%, more than validating our suggested hedging.

No change in the Weekly pivot.

SDOW closed at $30.03, now back in play as a hedge based on our entry at $31.75 in August.

BOIL, after a recent big rally, has dropped back below our entry and remains a “buy”.

Revival Gold posted its highest weekly close in over 2 years, without a push from news, unusually high volume, or positive markets overall.  That’s very bullish.

Keep these targets below in mind and funds ready.

Oil may have begun its next major swing higher.  We have Devon Energy – DVN targeted for its dividend (about 8% currently) and OXY Petroleum in the oil sector, to add energy positions, but these are not yet ideally situated from a technical perspective.

Berkshire Hathaway is back on deck. We’ve done well with it in the past, most recently booking a +15% gain in 6 weeks late last year. It’s the most “blue chip” and “value” stock there is, arguably 15-20% below fair market value at current pricing.

We expect, even hope, it’ll become more undervalued. That needs to happen before it’s an ideal swing trade candidate, however for those looking to enter or add to long term positions it doesn’t normally get much more than 20-25% undervalued and that happens during extreme market sell-offs.

Of course we’ve yet to see any extreme sell-off since March of 2020.  Last year’s selling was orderly, with no sign of capitulation. Yet.

We’re also looking to soon take a position or three in the helium space, plus have a great list of varied resource companies and dividend payers ready, and may add more natural gas exposure when there’s a renewed bullish setup.

For now stocks overall are consolidating, as expected, and the US dollar has begun what could prove to be a significant rally which would affect commodities and possibly many of our positions, so no rush to enter or add to long positions.

If there’s a significant sell-off we could repurchase LTRPA, FNGU, add more LTBR to uranium positions, and again buy companies paying high secure dividends (over 7%) – historically many of our best gains have come from doing so.

We remain open to all possibilities including the idea that the bull market (now 14 years running) isn’t over yet, meaning a new all-time high in the DJIA resulting in one of history’s greatest bull manias ending with one of history’s biggest bull traps and technical non-confirmations.

DO NOT be at risk of margin calls.

DO have cash reserves for other, perhaps much better, opportunities to come. Possibly the best opportunities in several generations if markets finally crash to end this cycle.

Be sure to maintain sufficient hedges in place to defend your portfolios against a “surprise” rapid, even sudden or overnight draw-down that when – not if – it happens should be no surprise at all.

Indicators

GTI (Gold Trend Indicator) : Bullish

DJIA Weekly: bearish, 34040  Moderately aggressive investors, trading or hedging on an intermediate basis, who follow the Weekly Indicator may find it prudent to be hedged or net short if the DJIA is trading below this pivot level. Reminder – we do not have a change to “bullish” or “bearish” unless the DJIA closes the calendar week above/below this pivot level.

DJIA Monthly: bullish, 34345  Conservative investors, trading or hedging on a longer-term basis, who follow the Monthly Indicator may find it prudent to be hedged or net short when the DJIA is trading below this pivot level. Reminder – we do not have a change to “bullish” or “bearish” unless the DJIA closes the calendar month above/below this pivot level.

NOTE : Speculators and frequent traders will prefer to use the Daily or Weekly Indicator as trading or hedging pivot points, while longer-term investors may prefer to consider only the Monthly Indicator.

Basket of  Open Positions:

HQD – BetaPro NASDAQ -2x Bear ETF

1/2 LTRPA – Liberty TripAdvisor

1/2 LTRPA sold at $1.64 February 09 for a gain of 48% in 3.5 months.

In 2020 on LTRPA we booked gains of 30% in 1 month and 46% in 1 month, both on full positions.

BOIL – ProShares Bloomberg 2x Natural Gas ETF

DML – Denison Mines

We booked a gain of 151% in 13 months on DML in 2021.

AEC – Anfield Energy

RVG – Revival Gold

1/2 CRE – Critical Elements Lithium (Canada)

1/2 CRE sold Feb 02/23 for a gain of 99% in 6 months making remaining 1/2 effectively cost-free.

CRE 2nd position closed for a gain of 34% in 2 weeks in November 2022.

SEA – Seabridge Gold (SA in U.S.)

SDOW – UltraPro Short Dow30

ACB (1/2 position) – Aurora Cannabis

1/2 ACB was sold May 19/20, for a gain of +132% in 9 weeks.

1/2 ACB was also repurchased and resold in Oct-Nov 2020 for a gain of 172% in 1 month.

Gold & Silver Penny Stock Basket

We have a selected basket of tickers trading in Canada on the Vancouver Venture Exchange, suggested on December 27 2019, that we find particularly compelling and had relatively low floats (number of shares outstanding) which should magnify potential gains if speculative capital flows into this sector.

Positions Recently Closed:

RBLX – Roblox at $36.31 October 03, sold $45.48 Oct 31, +25% in 1 month

GBTC – Greyscale Bitcoin Trust at $11.95 October 04, sold $10.12, -15% in 1 month

BAH – Booz Allen entered at $91.80 July 05, sold $112.00 Nov.10, +22% in 4 months

CRE – Critical Elements (2nd) at $1.76 October 25, sold $2.35 Nov.10, +34% in 2 weeks

HZU – Silver Daily 2x at $14.39 September 09, sold $19.92 Nov.14, +38% in 2 months

BRK.B – Berkshire “B” at $269.51 October 03, sold $310.81 Nov.21, +15% in 6 weeks

ULE – ProShares Ultra Euro at $9.36 September 28, sold $10.60 Nov.25, +13% in 7 weeks

FNGU – MicroSectors 3x FANG at $49.05 November 01.  Sold $58, +18% in 1 month

SQQQ – ProShates UnltraShort QQQ @ $43.01 December 05.  Sold $46.41, +8% in 1 week

TZA – Direxion Small-Cap Bear 3x at $30.10  Sold $36.99, +23% in 5 weeks

FNGU – MicroSectors 3x FANG at $43.00 December 23.  Sold at $67.80, +58% in 5 weeks

1/2 LTRPA – opened $1.11 October 17.  Sold 1.2 at $1.64 February 09, +48% in 3.5 months

ALDE – Aldebaran Resources Sold at $1.02 March 02/23, -19% in 1 week

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