These are time when people feel like the world is ending.
It won't, there will always be something there on the other side,
although the banksters will have probably stopped out and scared
out 50% of the crowd. This time might be different, but not
likely.
But lets just deal with the M2 money supply drama.
Fed didnt start keeping track in the current way since 1959,
so claiming that money supply as M2 guarantees a depression and
double digit unemployment is disingenuous, and extrapolation back
to 1870 is questionable and best and certainly no proper way to do
it.
Look at M2 a different way....the actual amount out there, not
the rate of change.
I put your chart on AI and said analyze this chart from
Matt....and it said....Great question — and yes, this chart looks
like it includes a hand-drawn annotation labeled “reverse
divergence” on the MACD, presumably by Matt (possibly Matt from BPT
or a similar analysis community).
Let’s clarify what reverse divergence means in this
context.
For those who have never Grokked the MACD Crossover, and the
MACD Divergence, I put together a discussion, in particular for
Amazon. In 2022 there was true MACD Divergence and
then a big run up. Now we have a MACD crossover, but also
having just bounced out of a trashing of RSI14 oversold. Its
at my blog....and a discussion of whether this is a buy, without
the divergence, I am thinking of a scale in, give it some room with
stop below the trendline, half size position.
This is an international chemical company that pays annual
dividend around 7% (they have lost a bunch of value, so that makes
the dividend look higher). Quarterly, and they just
went Ex so you ahve to wait almost 3 months, but in 2022 and 2023
they did a bonus May dividend
Is this a low risk entry?
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Launching off Matts gold miners,
Posted by steveo on 6th of May 2025 at 03:47 pm
Launching off Matts gold miners, here is 5 with low AISC (cost of production, 1 ounce) All In Sustaining Cost
Got in late, stop loss
BTU very nice
Posted by steveo on 6th of May 2025 at 03:27 pm
Got in late, stop loss at 14.30 doesn't feel like much room, but we shall see. This one could run quite a bit.
LOL I don't understand any
On CNBC last 9 day rally was a set ...
Posted by steveo on 6th of May 2025 at 10:47 am
LOL I don't understand any of the columns except the first.
It's kind of an ugly
Posted by steveo on 6th of May 2025 at 10:19 am
It's kind of an ugly wedge, with a perfect backtest, LOL ES aka SPY
Still short as all get go, buy to cover orders set for a "blow off bottom"
yep, catch a wild swing
Market has taught me last few weeks if you are ...
Posted by steveo on 1st of May 2025 at 06:27 pm
yep, catch a wild swing and be gone, for better or worse.
what to do on EVLV?
follow up on trade ideas I've put out
Posted by steveo on 25th of Apr 2025 at 06:28 pm
what to do on EVLV? Wait for pullback, or chase it up?!
I got in at 13.5,
WGMI nice 50 MA next
Posted by steveo on 25th of Apr 2025 at 06:26 pm
I got in at 13.5, not perfect, but nice, can set stop to prevent any likely loss
oh my the mother of
Haven't seen a drop like that before: https://stockcharts.com/h-sc/ui?s=CGTL&p=D&yr=0&mn=8&dy=0&id=p17753287713&a=1953016287&listNum=59
Posted by steveo on 25th of Apr 2025 at 06:24 pm
oh my the mother of all failed breakouts.....
rsi 14 is overbought, but
WOW! Gold futures tagged $3500
Posted by steveo on 22nd of Apr 2025 at 04:13 am
rsi 14 is overbought, but in the past some parabola took a year to play out. Sorry for the formatting
MetalPeriodPrice MovementPercentage IncreaseDuration
Gold2025~$2,000 → ~$3,400~70%Few months
Gold2010–2011~$1,100 → ~$1,900~73%~1 year
Silver1979–1980~$6 → ~$49.45~724%~1 year
Silver2010–2011~$17 → ~$48~182%~1 year
Palladium2016–2022<$500 → >$3,400
580%
~6 years
Its at support, so why
SPXhttps://schrts.co/IzuPADqS daily close is super bearish fwiw
Posted by steveo on 19th of Apr 2025 at 03:24 am
Its at support, so why super bearish?
Any thoughts on tradestation?
Posted by steveo on 8th of Apr 2025 at 02:06 am
Any thoughts on tradestation? I already have think or swim for charting purposes, would Tradestation provide some advantages?
LOL hope my Temu order
President Trump ramped up pressure on Beijing on Monday, threatening ...
Posted by steveo on 8th of Apr 2025 at 02:02 am
LOL hope my Temu order comes in
Fear is the mind killer,
Posted by steveo on 7th of Apr 2025 at 03:18 am
Fear is the mind killer, stay calm and trade what you see in front of you, this may be a great opportunity.
These are time when people
Posted by steveo on 7th of Apr 2025 at 03:17 am
These are time when people feel like the world is ending. It won't, there will always be something there on the other side, although the banksters will have probably stopped out and scared out 50% of the crowd. This time might be different, but not likely.
But lets just deal with the M2 money supply drama. Fed didnt start keeping track in the current way since 1959, so claiming that money supply as M2 guarantees a depression and double digit unemployment is disingenuous, and extrapolation back to 1870 is questionable and best and certainly no proper way to do it.
Look at M2 a different way....the actual amount out there, not the rate of change.
Comments?
God always wins
Silver absolutely smashed
Posted by steveo on 7th of Apr 2025 at 03:11 am
God always wins
I put your chart on
For those who have never Grokked the MACD Crossover, and ...
Posted by steveo on 21st of Mar 2025 at 11:36 pm
I put your chart on AI and said analyze this chart from Matt....and it said....Great question — and yes, this chart looks like it includes a hand-drawn annotation labeled “reverse divergence” on the MACD, presumably by Matt (possibly Matt from BPT or a similar analysis community).
Let’s clarify what reverse divergence means in this context.
so deska....a lower low from
For those who have never Grokked the MACD Crossover, and ...
Posted by steveo on 21st of Mar 2025 at 11:34 pm
so deska....a lower low from the Aug 2024 crash and spike up
For those who have never
Posted by steveo on 21st of Mar 2025 at 10:31 pm
For those who have never Grokked the MACD Crossover, and the MACD Divergence, I put together a discussion, in particular for Amazon. In 2022 there was true MACD Divergence and then a big run up. Now we have a MACD crossover, but also having just bounced out of a trashing of RSI14 oversold. Its at my blog....and a discussion of whether this is a buy, without the divergence, I am thinking of a scale in, give it some room with stop below the trendline, half size position.
Hawaii Trading -- Original Charts and Theories, Seeing Farther, Seeing Without Deception: MACD and MACD Divergence, Is It Time to Buy Amazon?
AMZN intriguing to me into next week - some call ...
Posted by steveo on 21st of Mar 2025 at 09:12 pm
This is an international chemical
Posted by steveo on 21st of Mar 2025 at 09:02 pm
This is an international chemical company that pays annual dividend around 7% (they have lost a bunch of value, so that makes the dividend look higher). Quarterly, and they just went Ex so you ahve to wait almost 3 months, but in 2022 and 2023 they did a bonus May dividend
Is this a low risk entry?