3309 Drysdale Ct
Edwardsville, IL 62025
Funny you posted this. Didn't the SP500 bottom at 666 back
in 2009? See how God does here.
From Sentiment trader - yesterday they reported that Call
options are at the highest in 22 years. The % of stocks
above their 200 day MA is almost 70%. Intermediate tops are
usually formed near these levels. Now I just wait for the Bow
to take on some water. Like fishing for the big trophy fish.
You have to have the right tide, wind and current set up.
Then you match the bait and set your drift so that you come
into their structure where they are hiding.
Low Beta Gold and Silver trusts (CEF and IAU). These are
good if you cannot stomach the highly leveraged ETF's that are 2x,
3x, etcc.. Good for building large positions.
China has Corona virus contained. Just imagine what they
can do for Measles, Mumps, Rubella and Ebola. The future is
bright - Stock market will never go down more than 5%, and no more
Futures up tonight, I guess the one day of red was an
The Impeachment is just another circus show. No teeth and
a waste of tax payer money. People need healthcare, jobs and
be able to support there families as the disparity of wealth
Retrofitted old planes and tried to overcompensate for the
faults with computer software program. Hundreds dead and CEO
leaves with Millions in compensation. Seems fair.
Great Story. If I can have a fraction of that success in
the SPY system.
We started noting the spread between Smart Money and Dumb Money
Confidence over a month ago. And yet it continues to remain
stretched. Saying this is unusual is a major understatement. The
50-day average of the spread is nearing -60% for only the 2nd time
ever. Even though it triggered as sentiment recovered out of the
last two big bear markets, the Backtest Engine shows the S&P
still declined over the next month both times.
If there was any doubt about the persistence of buyers, then
there shouldn’t be after the past few weeks. They’ve
shrugged off worry after worry, and pressed stocks to yet more
all-time highs. Even buyers sometimes fret that maybe things are
getting out of hand. Nobody wants to feel like a fool for buying at
the top, and when we see remarkable price action like this, it
starts to worry even die-hard bulls. Remarkable it has been. For
the first time in more than 20 years, the S&P 500 has moved so
much, so fast, that it has closed above its upper Bollinger Band on
a daily, weekly, and monthly time frame. Not even the biggest
momentum moves of the past two decades can brag about that.
No Doubt. You cannot lose. Just keep backing up the
truck. Just got back from my Companies NSM and every body had
stock picking advice. I have never experienced this in all 10
years I have been at these meetings. So my take away is -
they are all right and I must buy all stocks that are recommended,
even ones that have negative earnings because one day they will
make a profit.
Commercial traders still have large short positions
MBOT breaking out of the wedge.
Not sure what to think of those tattoo's. Not going to
look too good when you are in your 70's (sagging Bull and Bear).
I used to live right near that big Bull statue down in
Battery Park City right on the Hudson River. It was a fun 4
years down there. Never had the itch to tattoo the Bull
And that's a wrap. Another $80 million put to work.
Look forward to seeing how much is going to be printed for
tomorrows open. I need to get into the ink
eye opening. You kind of new it always existed but the
article maps out all the players and the specific relationships.
I love how it says "might need until April". My question
why do they need to provide massive amounts of liquidity in the
repo markets? And why April? Something smells really
The jaws of death as they call it. My feeling is people
are caught off guard and get some hard selling beg of next week,
shake out weak hands and Bears come out and short the market hard
thinking this "is it" but then another then one more blast up
to fry all short positions (I like the first chart scenario).
Now as we always know - Price is key.
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