3309 Drysdale Ct
Edwardsville, IL 62025
I need a Trade Tweet to push the SnP down to 3090 and Gold up to
1500.. just enuff that Gold doesnt break upside symmetry.. wishful
thinking. Started small position in Funko.
TLT and HYG got the same kinda thing going on...
Everyone sees the charts but always great to see what's on
CNBFraud I haven't seen Cramer put any warning charts out.
Remember the last time I this pointed out when everyone on TV
was a bear we ended up with a 3 month rally. So far a
very bullish feel on the Tele ... just need them to push it over
the edge next week in celebration of new Apple highs tomorrow and n
it's 9th and final week. I'm staying short GLD through next week
then plan to flip the script... might be early as usual but it's
Good newsletter Steve! Can't help but notice the pattern
on the VIX. May - Aug looks exactly like Aug - Nov but with
bigger magnitude other than the close below bollinger business.
I think if we establish the close below business in the next
week or two while metals make their final low and everyone has
finished giving thanks, we're possibly in for a heck of a long on
the VIX and the December to remember event again (but this time
based on historical Quarterly results Matt showed earlier this year
may be worth another look ? - as I recall when we have 3Qs
up...it's most often a big Q4 down) and the table has been set.
Safer trade certainly looks like going long energy, staples
and oils in the short term but I need a home run.
Just dipped below
Where is the 9 day SMA on the SnP ?
Thanks Matt. I think when that 2hr ATR breaks 3100 (right
now) and perhaps we get one more higher low (the 9th one) that'll
be the break point and I'm hoping gold will be around 1440 to
coincide. Let's C.
Just that the weekly call option on AAPL has been a winner on it
every week like clockwork. Buy it Friday am and sell it a few
mins before close. Haven't seen that in a single stock that
consistently but you are right, could have bought any of those a
couple months ago and done great.
Simple case in point - AAPL every week or every Friday (take
your pick) for the past 7 weeks you could have bought calls and
made easy coin. I have a funny feeling this could happen 2
more times and would be confirmed by a proper tank in metals over
the next 2 weeks till Thanksgiving ; BA and MSFT are likely
candidates too. Then once everyone has given Thanks - boom
1st wk of Dec we get to that 8 day sma. The other possible
scenario, especially with the HK tension is that we correct right
now Monday-Wed... that way we'll have time to get giddy again
headed into Turkey day. The final scenario is that this BS
rally continues and there is a 3rd entry on the exhaustion.
Trump won't let the markets go down before election, as I've
stated before, but no way it can continue at this pace right ?
Like for the 1st time in history ? Naaaa ... people will die
in HK, China will be screwed, markets will correct but then we'll
rally into election. Let's C.
Me and my -$30k in Jan puts (read dumb ass Deep) hopes this
happens soon. @EdZ "long, arduous, or tedious" pain trade
Assuming it plays out, I'd be taking profits at 1440. JS it's
the safe play.
We need to remain cautious ... the charts that Matt showed
earlier this year with Q1, Q2, Q3 gains then monster pain in Q4 I
remember ... I was looking for it in Q3...didn't happen ... for
example what if the following happens : 1) Trump tells China to
take a hike (I really think this is going to happen again - see
ssffer's pump n dump) 2) Impeachment (which has no meritt) gets
some legs and it looks like the end for Trump (nonsense) 3) FAA
tells Boeing to go fly a kite instead of a plane. Those 3
could seriously rock Q4 so while 1400 looks juicy on GLD stay ahead
of the game. The problem is that very little other than core
trend uptrend is following the script... it's so easy to see both
sides. Better to be on one side with a tight stop. Thanks for
sharing mundy and thanks to BPT for having the best trading
I like the push higher scenario to get Gold down under 1450 ...
after that a nice 4-7 percent correction is beyond called for but
right before Thanksgiving ? I'm not sure Trumps gonna support
that. Looks more like we just keeping going higher and higher
while all the technicals go out the window at least till
Thanksgiving. Gold is my guide - when it drops below
1450 I'll take notice, when it drops below 1440 I'll buy it and
keep buying it all the way to 1390. In order for that to
happen this bull charge just continues for 3 more months - That's a
LOT OF PAIN trade. I hope I'm wrong. The other
thing which is a done deal is Trump will win...we all know he has a
gazillion Trump cards up his sleeve to ensure the stock market
stays up through the election (happy to enumerate if you
don't know) and if the market stays up that basically guarantees
his win. So while the metals swing up for safety so will the
market and it won't matter which one we're in.
one could say the same about OSTK...
That's what i was thinking but pretty much as soon as I posted
everything started going the other way (intra day any way)... looks
like we'll have to wait it out until the Greed index gets into nose
bleed territory before the metals reverse.
Full moon Gold looks to be playing out so far. We'd need
to see continued weakness on the indices throughout the day keeping
GLD afloat and maybe even green for the day. This would be
followed by new market highs on Monday and metals to take a big
third leg lower. Then full moon turn around Tuesday and you
can figure out the rest. If metals hold up today I'm planning
on taking SLV and GLD short positions for Monday.
So how low do you expect Gold to go ? I've seen some all
the way down to 1390 area but i'm thinkin more like 1435ish.
I've been thinking it for a while but now it seems clearer
that at least a short term market top could align nicely with a
longer term low for Gold. Also Tuesday is a Full Moon...
what is hod ?
TOO RIGHT ! I hope the futures can hold up so I can exit
longs in the am and double down on shorts at the open but the more
than likely scenario is "they' will flip the script around 4am.
Greed is getting up there P/C at .59 - What's the lowest
it's been ?
PAYS reports after close tomorrow.
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