3309 Drysdale Ct
Edwardsville, IL 62025
SPX 1h - closed right on a rising AVWAP and rising 200 after
potentially completing an ABC. Could be primed to launch on
took me a hot second to figure that one
I do think a close below VWAP, currently 4997, would be
(another) red flag. But, we have a long list of red
flags at this point and the market just crashes higher.
A lot of it is cash in money market funds that wouldn't be
appropriate in equities. Think about the cash hordes on the balance
sheets of just the Mag 7. That money sits in money market
funds and generates significant cash flow (these days).
OPEX pin. Market had its' mind made up before the day
I'm wrong if we close much below 5K.
SKEW - the crush continues today. I'm not the only one that is
noticing it. Got a lot of play in nightly newsletters
The Lawfare continues - "In addition to monetary penalties,
James is seeking to permanently ban Trump from New York's real
estate industry and sharply limit his ability to do business in the
state. She is also seeking five-year industry bans for Trump's two
adult sons, Don Jr. And Eric"
ETH - I wouldn't normally say something like this (you guys know
me) but I think the next 20% higher in ETH is easy money....and
100% to touch ATH wouldn't shock me.
Market is down .29%. Lol. I guess our standards for pullbacks
Do you have a similar one for ETH? This is the point in the
cycle it normally outperforms BTC.
If you're trading plan is to trade the daily and weekly
timeframes, having an idea about the macro overview and potential
catalysts can help you decide when a swing trade has a high
probability of working out. If you're taking a medium term swing
now with a 7% stop loss in place, your risk reward probably isn't
that great. But, if you firmly believed or had inside
information about 6 trillion potentially being deployed, maybe you
loosen your stops and average down. Shorter term traders have
less or no need for a macro overview.
SPX - nice move down. Don't know if we can maintain momo on
OPEX, but setting up for a potentially spicy Tuesday.
Here, here. We're seeing it play out right in front of us in the
stock market, but it's hard to spot when right in the middle of it.
I posted about this yesterday. Stan might be poaching my posts
My only argument would be that we have shifted to fiscal
dominance now. The Fed is the tail being wagged by the dog at this
Most of us haven't traded through a major inflationary cycle
before. We expect weakness because we're accustomed to the
deflation boogeyman. We're facing a different beast this time
around. We're literally crashing up if you look at it from a
standard deviation perspective, but we're used to crashing
I've heard the "sidelines" theory debunked by quite a few
people. Check out George Gammon or EuroDollar university on that
topic. Apparently, most of that is institutional and it's not going
anywhere near equities.
Most investors are all in, according to the stats.
SPX (Oanda) - interesting to me how this version has an ABC
look, but it doesn't pop out on the cash chart. Not sure exactly
why, so I set alerts for both. Haha.
Not getting the volume I had expected. I'm out.
Exactly. This is why there have famously been lines for bread in
hyperinflationary countries. People buy as much as they can today
because they think it's going to be more expensive
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