Most people are focused on the resolution of the debt ceiling
debate, without thinking about what comes next. In 2011 the debt
ceiling debate was contentious, like it is now. The U.S. lost its
AAA credit rating. There was fear of recession prior to the deal.
Obama accepted a deal with extensive budget cuts. The stock market
made the instant decision that it didn't like the deal. The S&P
500 lost almost 20% in a few weeks. Gold and long term bond prices
rocketed up. Could history repeat itself. Some think so.
Huge losses in their bond portfolio. Net interest margin
squeeze. Shrinking deposits. If it's happening to them it is likely
happening to others, although this bank tends to be more aggressive
than most others.
This looks like a potentially important day to me. Rising trend
from October low broke down, recovered, and is now breaking down
again. There are a lot more experienced and savvy traders in this
community than me. I'd appreciate any comments that Matt, Steve, or
members might have.
Matt, I've never been able to find this NYMO histogram chart in
Stockcharts. Is there a setting for it? did you create it yourself?
how do I duplicate it? thank you.
So far nothing has been able to stop this rally, even today's
inflation print. Most major indexes are approaching
overbought, on daily charts, but they all have room to run up more
before hitting the tops of their bollinger bands. The QQQ,
SPY and IWM all got "9" sell signals on DeMark charts several days
ago and still hover near those same levels. the DIA got a "13" sell
signal in late November 2022. It's bounced up and down a bit
since, but is currently right back at that same level. I'm having a
very hard time finding anything to buy, but I've been pretty
unlucky with shorts. Therefore I'm just sitting and
waiting.
Matt, where do you see the DeMark 13?
I subscribe to the Symbolik website. I use Sequential and Combo 1b
and Combo 2b. I don't see a 13. I do see 9's on all three systems.
they appeared four days ago. I like DeMark, but i have found that
their systems are all slightly different. Thanks very much, Paul
Krsek
The community is delayed by three days for non registered users.
Everyone is focused on getting
Posted by pkrsek on 19th of May 2023 at 03:54 pm
Everyone is focused on getting a debt ceiling deal done, and not necessarily what the consequences of a deal might be for markets. Check out this article from Bloomberg.com. Then check out the charts on my earlier post. https://www.bloomberg.com/news/articles/2023-05-18/a-1-trillion-t-bill-deluge-is-painful-risk-of-a-debt-limit-deal?cmpid=BBD051823_BIZ&utm_medium=email&utm_source=newsletter&utm_term=230518&utm_campaign=bloombergdaily&sref=UXL02xVT
Most people are focused on
Posted by pkrsek on 19th of May 2023 at 03:14 pm
Most people are focused on the resolution of the debt ceiling debate, without thinking about what comes next. In 2011 the debt ceiling debate was contentious, like it is now. The U.S. lost its AAA credit rating. There was fear of recession prior to the deal. Obama accepted a deal with extensive budget cuts. The stock market made the instant decision that it didn't like the deal. The S&P 500 lost almost 20% in a few weeks. Gold and long term bond prices rocketed up. Could history repeat itself. Some think so.
Sensationalism sells!
Martin Armstrong's comments on Euro and Gold "All of this ...
Posted by pkrsek on 12th of Apr 2023 at 07:20 pm
Sensationalism sells!
Thanks for all you do!
Thanks to all contributors here sharing charts and information - ...
Posted by pkrsek on 10th of Mar 2023 at 04:27 pm
Thanks for all you do!
Huge losses in their bond
Banks/Financials
Posted by pkrsek on 9th of Mar 2023 at 03:38 pm
Huge losses in their bond portfolio. Net interest margin squeeze. Shrinking deposits. If it's happening to them it is likely happening to others, although this bank tends to be more aggressive than most others.
SIVB getting slaughtered today. FRC,
Posted by pkrsek on 9th of Mar 2023 at 02:01 pm
SIVB getting slaughtered today. FRC, KBE, XLF all down big. Wondering if this will be the trigger for a much larger retreat for the broader market.
This looks like a potentially
Posted by pkrsek on 7th of Mar 2023 at 11:35 am
This looks like a potentially important day to me. Rising trend from October low broke down, recovered, and is now breaking down again. There are a lot more experienced and savvy traders in this community than me. I'd appreciate any comments that Matt, Steve, or members might have.
JNJ got sequential and combo
Short NVDA
Posted by pkrsek on 24th of Feb 2023 at 02:28 pm
JNJ got sequential and combo 13 buy signals yesterday.
Thank you!
NYMO negative histogram also been playing out
Posted by pkrsek on 17th of Feb 2023 at 11:43 am
Thank you!
Matt, I've never been able
NYMO negative histogram also been playing out
Posted by pkrsek on 17th of Feb 2023 at 11:02 am
Matt, I've never been able to find this NYMO histogram chart in Stockcharts. Is there a setting for it? did you create it yourself? how do I duplicate it? thank you.
So far nothing has been
Professional Opinion RequestEveryone here has been doing this longer than ...
Posted by pkrsek on 14th of Feb 2023 at 03:41 pm
So far nothing has been able to stop this rally, even today's inflation print. Most major indexes are approaching overbought, on daily charts, but they all have room to run up more before hitting the tops of their bollinger bands. The QQQ, SPY and IWM all got "9" sell signals on DeMark charts several days ago and still hover near those same levels. the DIA got a "13" sell signal in late November 2022. It's bounced up and down a bit since, but is currently right back at that same level. I'm having a very hard time finding anything to buy, but I've been pretty unlucky with shorts. Therefore I'm just sitting and waiting.
Steve, have a great vacation!
Posted by pkrsek on 13th of Dec 2022 at 02:47 pm
Steve, have a great vacation!
DeMark 13 sell signal for
Posted by pkrsek on 1st of Dec 2022 at 01:41 pm
DeMark 13 sell signal for DIA daily chart on Combo, Sequential, and Combo 1B
Matt, how do you create
Nasdaq highs - lows
Posted by pkrsek on 25th of Nov 2022 at 01:43 pm
Matt, how do you create this chart? I'd like to be able to save it and follow it daily. thank you, Paul Krsek
My Irish grandparents used "Marlarkey" and
Unless that was the shortest Wave 4 ever, my guess ...
Posted by pkrsek on 15th of Nov 2022 at 03:13 pm
My Irish grandparents used "Marlarkey" and "stick in the mud" a lot
Matt, where do you see
Posted by pkrsek on 1st of Nov 2022 at 11:25 am
Matt, where do you see the DeMark 13? I subscribe to the Symbolik website. I use Sequential and Combo 1b and Combo 2b. I don't see a 13. I do see 9's on all three systems. they appeared four days ago. I like DeMark, but i have found that their systems are all slightly different. Thanks very much, Paul Krsek
Best bank in the U.S.
FRC
Posted by pkrsek on 24th of Oct 2022 at 11:10 am
Best bank in the U.S.
a flush next week would
SPX 2hr shows Wave v has 2 waves so far. ...
Posted by pkrsek on 14th of Oct 2022 at 03:28 pm
a flush next week would be great. Just get it done! thanks for all your guidance.
good perspective.
SPX Just as I posted this morning. Get em' short ...
Posted by pkrsek on 13th of Oct 2022 at 03:24 pm
good perspective.
Thank you. Good chart
Three hours to go, but at this point today $NYUD ...
Posted by pkrsek on 28th of Sep 2022 at 01:21 pm
Thank you. Good chart