Hydrogen and Chinese companies may be worth keeping an eye on

[Triplethought]

Electric powered trucks just don't work. Cars? Sure maybe but trucks have too much mass. Good luck getting a loaded truck over Donner pass (California to Nevada) on battery power. The Chinese have recognized this and are betting on Hydrogen. It's probably way too early to invest (and I'm not sure I trust investing in chinese tech companies) but a trend worth keeping an eye on.

https://finance.yahoo.com/news/blue-pri ... 00526.html

[MarkD]

Been there, done that...

https://www.washingtonpost.com/archive/ ... 2ac467435/

It has some challenges in terms of safety.

[Triplethought]

Been there, done that...

https://www.washingtonpost.com/archive/ ... 2ac467435/

It has some challenges in terms of safety.

Yes, it's been discussed for 35 plus years. Nothing new. I just think Musk believing he can power heavy trucks with batteries is a joke. S something else has to emerge (maybe better batteries but I don't think so)

[Yodean]

Hydrogen fuel cells are something to keep an eye on. Also, on a technical basis, platinum has turned bullish, at least for now. I have established a small core position in PPLT, and plan to slowly build this position on dips. PPLT allows me to easily play the platinum and potential hydrogen fuel cell trends simultaneously, and as it is a USD-denominated asset, also plays into (to me) an imminent USD rally (I am a Canadian citizen - I think Canada is going to have a horrible 2021, personally, with the loonie dropping like a stone).

Of course, if the USD rallies, then platinum will most assuredly go down, as well, so there's that.

Lol, if investing were easy, everyone would be rich. I keep reminding myself that 90% lose for the 10% to win.

[Triplethought]

Hydrogen fuel cells are something to keep an eye on. Also, on a technical basis, platinum has turned bullish, at least for now. I have established a small core position in PPLT, and plan to slowly build this position on dips. PPLT allows me to easily play the platinum and potential hydrogen fuel cell trends simultaneously, and as it is a USD-denominated asset, also plays into (to me) an imminent USD rally (I am a Canadian citizen - I think Canada is going to have a horrible 2021, personally, with the loonie dropping like a stone).

Of course, if the USD rallies, then platinum will most assuredly go down, as well, so there's that.

Lol, if investing were easy, everyone would be rich. I keep reminding myself that 90% lose for the 10% to win.

I was staring at the USD chart recently and got "scared" because of the dollar decline trying to understand if the USD was going in the toilet. I like your perspective that given the decline it's time for USD to rally against the other 6 currencies including Canada. It might be worth buying a little UUP since it's gone down so much. The question is does the USD keep going down because of monetary stimulus (printing money) or does it rally against the other currencies. I'm no currency trader so I'm just not sure.

[Yodean]

@dmc: I believe some variation of the "USD Milkshake Theory" will play out:

https://youtu.be/PWVRWUkm54M


I don't think anyone can be completely precise with respect to the timing, of course. FWIW, I've been accumulating a large position in UUP, and plan on accumulating more on dips.

The above video is only 14 minutes; if you find it interesting, there's a ton of other ones that are longer and go into more detail about this "Milkshake Theory" by Brent Johnson.

[stefk]

""The company has confirmed it will plough about $6.35 billion into the set-up of 1,000 hydrogen refuelling stations across the country over the next four years, which will have a combined 200,000 tonnes of annual capacity.""

https://smallcaps.com.au/sinopec-strate ... r-by-2025/

sinopec, oversold on the monthly chart.

[SOL]

We stick with our forecast that the USD will rally as every currency is rotten but the US holds power in three areas for now. World's reserve currency, strongest army and best AI companies for now. So the likely outcome is that the USD rallies and all other currencies drop. I will be looking to go long futures shortly but that is a high-risk trade. Don't follow me unless you can handle violent gyrations.

[Yodean]

So the likely outcome is that the USD rallies and all other currencies drop. I will be looking to go long futures shortly but that is a high-risk trade. Don't follow me unless you can handle violent gyrations.

@Sol: may you tell subs when you go long USD futures? I don't partake in futures but it may be helpful for subs to know. My suspicion is that the USD will mount a serious rally once oil tops out in its final spike up (we may be close to that point now), and this may coincide with a drawdown in the equity markets in early Q1 2022.

[Investor87]

We stick with our forecast that the USD will rally as every currency is rotten but the US holds power in three areas for now. World's reserve currency, strongest army and best AI companies for now. So the likely outcome is that the USD rallies and all other currencies drop. I will be looking to go long futures shortly but that is a high-risk trade. Don't follow me unless you can handle violent gyrations.

Do you think that a USD rally will affect the price of gold?

[SOL]

So the likely outcome is that the USD rallies and all other currencies drop. I will be looking to go long futures shortly but that is a high-risk trade. Don't follow me unless you can handle violent gyrations.

@Sol: may you tell subs when you go long USD futures? I don't partake in futures but it may be helpful for subs to know. My suspicion is that the USD will mount a serious rally once oil tops out in its final spike up (we may be close to that point now), and this may coincide with a drawdown in the equity markets in early Q1 2022.

I will post a note here. It looks like the USD will consolidate or trend sideways for up to 4 weeks. However, the time factor is not what I will be focussing on. I will most likely deploy one lot into futures around the 90.90 to 91.50 ranges. if it hits 90 I will deploy probably 2 to 3 more lots. As I stated stocks, futures and some parts of life are just a game. I don't get emotionally attached to a given outcome. So do not follow the move into futures unless you can deal with a lot of volatility.

[SOL]

We stick with our forecast that the USD will rally as every currency is rotten but the US holds power in three areas for now. World's reserve currency, strongest army and best AI companies for now. So the likely outcome is that the USD rallies and all other currencies drop. I will be looking to go long futures shortly but that is a high-risk trade. Don't follow me unless you can handle violent gyrations.

Do you think that a USD rally will affect the price of gold?

Generally, Gold drops when the USD rises. However, if it does not, it will bode very well for gold in the long term and set up the base for Gold to challenge the 2400 to 2550 ranges faster.

The interesting part is our indicators are now in trading in the oversold ranges (for gold) and they could move into the extremely oversold range in the near future. This suggests that Gold might deviate at some point in time and start to rally in tandem with the dollar.

We have a simple formula we wait for any sector or stock to trade in the extremely oversold ranges before we jump in, as long as the trend is positive. So if I see the stock/sector is trading in the extremely overbought ranges. I no longer pay attention to it. I wait patiently for it to pull back. I don't want to use my bandwidth to focus on unnecessary stuff lol

[Budge]

We have a simple formula we wait for any sector or stock to trade in the extremely oversold ranges before we jump in, as long as the trend is positive.

In the futures market, in general, it does matter what the trend or sector is because, given the leverage, you make money going both ways. Get into the rhythm/cycle, you stay in the position both up and down (provided you have enough margin to carry the position and deal with drawdowns).

Sector focus is not important. Look at the metals: on a monthly chart silver looks to be a better long side play and copper short side but if you get it right you play the trend side more aggressively and the the reversal less so, but you stay in the play and make money.

In the 1990s, I'd trade anything if it had good volume, good oscillation and fairly regular cycle. Didn't care what sector or what the news was. The numbers were the numbers. Copper was usually a good market to trade. Had a fairly regular cycle about 40 days low to low. I'd been short for a few days but reversed and was now long. At day's end, ran my chart and it was looking as if I'd need to reverse at open. I left it a bit late the next morning to open my feed. Damn! My really profitable position has shrunk.. a lot. Immediately went short a bunch of contracts and can say I was in on the Sumitomo copper crash of 1996.

[chippermon]

In the 1990s, I'd trade anything if it had good volume, good oscillation and fairly regular cycle. Didn't care what sector or what the news was. The numbers were the numbers.

Same here. Once you found the rhythm of the market you just felt so tuned in but it had to be trending markets for me. In the 90's I focused on currencies (German Mark), the mini and 30 year Bonds. Did not pay attention to news at all. It took a lot of time though and effort. Getting data, placing orders, etc. My how times have changed. I found it enjoyable.

[AstuteShift]

In the 1990s, I'd trade anything if it had good volume, good oscillation and fairly regular cycle. Didn't care what sector or what the news was. The numbers were the numbers.

Same here. Once you found the rhythm of the market you just felt so tuned in but it had to be trending markets for me. In the 90's I focused on currencies (German Mark), the mini and 30 year Bonds. Did not pay attention to news at all. It took a lot of time though and effort. Getting data, placing orders, etc. My how times have changed. I found it enjoyable.

That’s what good traders do mostly. I used to focus only on IV rank, gamma and option trading, ignoring the trend since it involved just on pre earning straddles and strangles (buying) and getting that gamma spike. Any crash or roar wouldve just amplified that gamma. However the only downside is frequent trading, the stress it brings.

The best trades are the ones that feel awful at first since you’re alone in it but the trend tells you what’s next and that is what matters. It’s very soothing and relaxing once you get in that trend only mode