3309 Drysdale Ct
Edwardsville, IL 62025
SPY - For now the SPY has found support at 61.8% fib.
GLD was certainly the Canary... i loaded up on SPXU on the GLD
spike. Question now is will this be a trend and see another
800 pt drop ? Matt/Steve - Down side target ?
SPY/SH 1X, SSO/SDS 2X, UPRO/SPXU 3X
Is SPXU a 1x or 3x ?
here's a visual representation of what I described below. So
some of these stocks are breaking out to new highs but their MACD's
are lagging the move. There's potential for a divergence to setup
unless the moves are strong enough to negate the divergence. Anyway
something to watch for in the coming days
yep that was a nice short. I don't know if it's looking to cover
now with this move down, my Tradestation program is currently
locked up wit this big sell off as Tradestation tends to get hung
up and overwhelmed on these market melt down days. I need to reboot
it sometime today.
RP - my observations on gold, especially on the stocks is that
many looked like they would find support near their rising 20 day
MA's, and of course the news helped boost and break many of those
out. Now on this latest move the ones making new highs will
have a big MACD divergence setting up, which they did not have on
the previous high. So that pullback over the last couple weeks
could have been something like a wave 4 and this as a wave 5. One
possibility could be many of these stocks make new highs but that
end with MACD divergence sometime later. But for now the sector is
clearly strong and looks higher in the short term especially as the
general market sells off
I looked through the PM stocks, posted some detailed
observations on the daily charts, sticky post at the top
Plus your old STRAP system was SHORT. Very well done
I sold everything Monday and set all week watching..this is
creating opportunities will just set pick spots when all my
indicators line up. Gold popped most likely will set new high here
but without me. I am looking to short GLD after this move . Cycles
are lining up for a top here as well as short interest most likely
will increase. Pick your spots ....
Can you imagine what would have happened had Uncle Ronnie had
Twitter back in the day?
yeah I mean guys that 5 min SPX all it did was form a lower high
and the MA ribbon pinched there, where it would likely fail. Good
now the way this market has been moving if you took a piss you
missed it. moves are fast and hard now. And now it's Friday,
so you have the weekend nervousness etc
yes, but it's too unpredictable to be relied upon :-)
Is there an indicator for the Trump tweet?
$SPX - Chart Link - you can see how the MA
ribbon pinched on that bounce for the lower high, was a good
Did the boys and girls in Jackson Hole come up with some clever
ideas about raising rates???
Now what happened? Trump tweeted.
Put/call ratio seems to be going back down
UUP - Chart Link
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