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Bounces Happen
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Bounces Happen

by The MoleFebruary 12, 2018

Equities as well as cryptos are seeing sustained buying interest, which given the respective corrections over the past two weeks isn’t surprising. Bounces happen, especially after significant sell offs, and the main question in the minds of investors and traders is whether or not it can be sustained. I saw ZeroEdge claiming yesterday that Goldman had announced confirmation of a regime change in equities, and although I would generally agree I’m always a bit suspicious regarding anything that comes out of Goldman’s PR machine.

Thus it actually increased my confidence that at least a temporary reversal in equities was in play. And this would be a favorable time for it as week #7 is historically positive. But if you look at the remainder of the month and early March then at least seasonally speaking there absolutely is the potential for a larger take down.

If you swung by the comment section or if you caught my tweet on Friday then you may as well hold a few SPY calls. The futures weren’t an option for me – way too risky. And although I absolutely despise buying options on a Friday afternoon the formation on the Zero didn’t leave me much choice:

Those bullish divergences, both on the hourly and the 5-min panels, were absolutely text-book and way too juicy to pass up. By the way, if you’re not a sub yet and don’t want to miss out on entries like these moving forward then you hopefully know what to do. And here’s a link to the tutorial/intro page if you’re a naturally born skeptic and need more convincing.

Anyway, stop management is a bit more involved when it comes to calls or spreads. I usually use alerts on my futures charts (not the Spiders) and you have to increasingly account for theta burn of course. Meaning if I get stopped out at ‘break/even’ I’ll of course will have lost premium. As I used a debit spread (of course) at least I won’t be worrying about vega which I’m sure will get squeezed hard should we continue to ascend higher in equities.

By the way if you don’t understand why I would by a debit spread instead of naked calls after a spike in IV then you definitely need to swing by here more often πŸ˜‰

I mentioned cryptos in my intro and I also should show you a chart of BTC which is fairly representative of what’s going on in that space right now. Basically we’ve had an extended series of LHs and LLs which to up to this moment remains unbroken. And that is an important fact that bodes repeating. Until BTC pushes > 9500 we technically remain in a sell off formation. Once again bounces happen but it’s the follow up after the first leg higher that really matters. Should BTC fail to overcome this threshold and fall < its spike low at exactly 6000 (how cool!) then I’m afraid that we’ll be seeing quite a bit more pain in cryptos as well.

Quick update on our Dollar campaign which miraculously has survived the weekend. Seems like our trail was well placed and the short term SMA is now starting to push above it. Nothing to do here but wait and see – emotionally I’m still waiting for the big shoe to drop πŸ˜‰

More goodies below the fold, so please grab your decoder ring and meet me below the fold:

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Crypto Tease

After literally weeks of hard work I finally am able to pull large amounts of historical 1-min data from top-tier crypto exchanges like Gdax, Bitfinex, Gemini, Bitstamp and others. See my pertinent blog post from back in January. Anyway, I’m collaborating with a few quants on some internal projects the details of which I am unfortunately unable to disclose. But if you are attracted by the notion of trading crypto currencies this may spike your interest.

This is a backtest of a very simple strategy we put together to test a new crypto trading platform we are busy refining. That’s BTC tested back to 1/1/2015 running against a 1-min series. So a s…load of data and returns seem to be mindbogglingly consistent with only shallow draw downs. What freaks me out about this to some extent is that we literally threw this strategy together in one day by leveraging a few alpha factor concepts we extracted during our IV related research.

If nothing else BTC over the past years has been the proverbial paragon of risky high volatility and I would have not expected that throwing together a few simple alpha factors would produce a P&L curve like this over such an extended time frame. And by the way it does very well on other crypto pairs as well, which isn’t hugely surprising given the high covariance across the entire space. Clearly this is an area I will have to devote quite a bit more time and resources into.

Unfortunately I won’t be able to spill the beans on what makes this system tick. But if there is sufficient interest I may make a strategy like this available as a signal service at some point (email/jabber alerts only). So if you’re interested shoot me an email to admin@ and I put you on the list.


About The Author
The Mole
Mole created Evil Speculator amidst the chaos of the financial crisis in early August of 2008. His vision for Evil Speculator is a refuge of reason, hands-on trading knowledge, and inspiration for traders of all ages and stripes. You can follow him and his nefarious schemes at the usual social media waterholes.
Enjoyed this post? Consider a small donation to keep those evil deeds coming!

BTC: 1MwMJifeBU3YziDoLLu8S54Vg4cbnJxvpL
BCH: qqxflhnr0jcfj4nejw75klmpcsfsp68exukcr0a29e
ETH: 0x9D0824b9553346df7EFB6B76DBAd1E2763bE6Ef1
LTC: LUuoD6sDWgbqSgnpo5hceYPnTD9MAvxi6c

  • Tomcat

    BTFD is very much alive and in my lens intact. Until this crowd is taken to the woodshed, they are in control…

  • Tomcat

    Closing SI here because for some reason I don’t trust this bounce given the correlation with Gold.

  • http://evilspeculator.com Sir Mole III

    Is today a holiday of some sort or what?

  • Edgy

    It was a holiday in Japan today, but their day is long over.
    And Oh, the gyrations this morning!

  • Nate

    I believe it is in Canada anyways as I have some coworkers who are off πŸ™‚

  • ridingwaves

    No, but Shanghai close 15th 16th and 19th
    Hong Kong on 16th and 19th for lunar holiday….

  • Ronebadger
  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    Yo’ – that’s next Monday.
    http://www.when-is.com/presidents-day-2018.asp

  • ridingwaves

    Sellers still seem to be in control….I wonder if that gap at 2465 needs to be filled before any climb up

  • BobbyLow

    Mornin folks. I have no idea what Ms. Market will ultimately have on her mind today. But I’m still long Crude and OIH from Friday and picked up some long Gold this morning.

  • Ian Naugler

    Interested in the BTC program! Looks unreal!

  • HD

    Monday: budget deficit at 2pm. Wednesday: the CPI, retail sales, and business inventories. Thursday: jobless claims, NY/Philly FED, industrial production, and the NAHB. Friday: housing starts, building permits, export/import prices, consumer sentiment and options expiration.

  • Yoda

    attending to some chores

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    just watch that RSI 50. could be a dead cat bounce. if so, I know you’ll always do the right thing.
    πŸ˜‰

    https://uploads.disquscdn.com/images/345cc67a9c152c7d30e4c37600e17c2b999a4cb0f0ae41dba849240f4704f219.png

  • ridingwaves

    should I guess GLD?

  • Tomcat

    I think GG is right. I am not liking the price action on RB. Sold 1/3 of my position with 1.5R, but I may take a loss on the 2/3 if this doesnt start behaving soon.

  • Julie

    Hi GG The bounce so far up into the lower cloud boundary Possible up to 2702 or upper cloud https://uploads.disquscdn.com/images/a82dba423c198e6339888c7e31518b1ff8f6c51717fe21a92ceaf1ec7fe68dd5.png .boundary IMO another dump about to occur JULIE

  • HD

    Just curious, Was there an β€œofficial” news item to blame the 12% hit on?

  • BobbyLow

    Thanks GG. It wont take too long for me to get out if this trade works against me. I’m trading a 30 Minute Chart so signals come a lot faster and they bust a lot faster too. πŸ™‚

  • Julie

    Exactly BL If wrong not wrong long
    JULIE

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    you would be correct.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    your ema’s rock.
    have you considered ema envelopes?
    πŸ˜‰

  • Yoda

    we ignore news around these parts

  • Julie

    The miners GDX The bounce Friday at 21 the lower trading range 21 – 25. Must have a bullish close above it’s daily 5 ema at 22. The high today so far exactly 22 JULIE https://uploads.disquscdn.com/images/15bf2f38c0ee5b285a298ce4041b9d04e9050dccff18641d247a98405a7c95f4.png

  • ridingwaves

    kylie jenner named her baby VIX I think…

  • HD

    I used too also but am more flexible these days. A purely technical correction is an option.

  • Julie

    Hi GG ema envelopes is definitely something I will experiment with Thanks GG. Many years ago my husband discovered that the market and stocks move in Fib esp fib exp moving averages. Also to use fib numbers in indicators which I do The bounce Friday was within one point of the 233 ema and look how close the Tuesday’s bounce was off the 144 ema
    JULIE

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • Julie

    GG USO checkout the importance of fib exp moving averages 21 — 34 and 89 JULIE https://uploads.disquscdn.com/images/20fe6e73796fec33079bc6563a972d43ec4e437f8dad35d763d09078b579133c.png

  • BobbyLow

    About the only “explanation” I’ve seen is that “the fear of interest rates going up is the key driver behind the sell off”. Personally I think that’s a bunch of bullshit and that the real reason is that it’s a long overdue correction after an almost parabolic run-up.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    alright, well ..when your ready.. πŸ˜‰
    revision to mean will be waiting.
    [USO]
    http://stockcharts.com/h-sc/ui?s=USO&p=D&yr=1&mn=0&dy=0&id=p14479490311
    -GG

  • sutluc

    Only in BC.

  • Tomcat

    I thought the MM was selling the VIX/products liquidation as the excuse. But I remember them pointing to the yield on the 10y as well. Whatever sticks to the bullchit wall I guess.

  • BobbyLow

    It would be too boring if it was reported that “The market sold off today because there were more sellers than buyers”.

  • Julie

    Yes sir GG Check this out GDX weekly with the weekly 233 ema (fib exp mov averages can be used on all time frames) The Ichi Cloud with fib parameters included Right up into the weekly 233 ema and upper cloud https://uploads.disquscdn.com/images/f1681f32ddf187f9d07e47737c505a0d66430f0590872e3a5d69f4ec6fe5c5f7.png JULIE

  • Tomcat

    Agreed. Truth is often too boring. Plus they get paid to “find” the reason, even if they have to invent it at times

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    no where for a year. when it finally moves, watch out.

    meanwhile, I just watch the weekly. weekly support HELD today IMHO.

    http://stockcharts.com/h-sc/ui?s=GDX&p=W&yr=3&mn=0&dy=0&id=p17352111333

  • Tomcat

    If I remember correctly GG called for 2666. Well we are a few ticks away. Nice call

  • Julie

    Exactly GG the weekly support held. Refer to GDX daily chart above Up into the daily 5 ema exactly (high so far today 22 and the 5 ema 22) Must have a bullish lose above 22 Then You probably have guessed that Julie will buy. Probably on the 30 min chart with a bullish candle closing above 22
    JULIE

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • Julie

    TC GG does great Also SPX right up into the Ichi Cloud lower cloud boundary in SPX daily chart below. We all contribute and put our knowledge to work sharing which is what everyone does here we can beat the bots JULIE

  • Julie

    Everyone the bounce Friday exactly off the 233 ema (refer to SPX daily chart below) The bounce Friday was also contained by the weekly 55 ema Now if it does go higher than the lower cloud boundary and GG’S 2666 Watch 2680 and 2702. NOW the weekly conversion (8) is 2702 matching the daily baseline (21) also at 2702 and close to the daily upper cloud boundary Shown SPX weekly chart JULIE https://uploads.disquscdn.com/images/15d60f9fbe83fff0b29e25586866f5312404126e76711416c583f733b20e1ee5.png

  • ridingwaves

    and whom knows which way the spx wind will blow during opex week, before 3 day weekend, China market closure etc…..

    VIX still pretty high, hasn’t broken thru the 50sma on hourly chart yet….

  • Julie

    EDIT Please refresh as I had a misstype weekly conversion line (8) at 2702 not weekly baseline (21)

  • Julie

    SPX daily chart shown again The daily baseline (21) matching the weekly conversion line (8) (weekly chart above https://uploads.disquscdn.com/images/a82dba423c198e6339888c7e31518b1ff8f6c51717fe21a92ceaf1ec7fe68dd5.png ) at 2702 Notice Friday’s bounce exactly off the daily 233 ema

  • HD

    $SPX now has symmetry with last weeks rally +133 and alternation.

  • Tomcat

    BL, not sure if you are long Gold and if you are, you seem to be trading at a pretty fast time frame, but this chart looks awefully similar to the price action back in September:
    https://finviz.com/futures_charts.ashx?t=GC&p=d1

  • HD

    But Jerome Powell started 2/3? Maybe Janet was taking profits. πŸ™‚

  • Julie

    SPX in addition to the targets listed below 2680 and 2702 and GG’s 2666 with weekly and daily charts The daily declining 55 ema is approx. 2705 JULIE https://uploads.disquscdn.com/images/72ce6192999376d3ff796a9d7bca41c3308f05263dbc2f791ffd43a058e7fd03.png

  • BobbyLow

    RW, after about 6 weeks or so I finally broke down and am now waiting on a call from Orthopedics for an appointment. I need a second opinion after my self diagnosis from “Dr. Google”. πŸ™‚ I’m beginning to think that it might be arthritis on my hip joint. There has been absolutely no improvement whatsoever. I can make it through the day as long as I load up with ibuprophen but when I wake up during the night and try to walk or get out of bed in the morning, I’m hitting #10 Pain Levels.

  • Julie

    The latest COT Report GOLD the commercials have reduced their net short position 2 weeks in a row JULIE https://uploads.disquscdn.com/images/5347b48d64fe3519fe18d44adec7d749e08b802f05bc45362021911b4d98ff4f.png

  • ridingwaves

    good luck, mine made a little comeback after a hike…..aging groins are a pain…..:)

  • Tomcat

    Have you traded based on this info before?

  • Julie

    You bet TC I always look to see what the commercials are doing
    JULIE

  • http://evilspeculator.com Sir Mole III

    And how do you define its edge? Do you have any statistical information you could share?

  • Tomcat

    So based on the previous statement: commercials have reduced their net short position 2 weeks in a row
    What does that tell you?

  • BobbyLow

    I don’t know. he looks awful grumpy. πŸ™‚

    https://www.marketwatch.com/story/a-powell-put-for-the-stock-market-dont-even-think-about-it-2018-02-05

    His boss who shall go unnamed said that interest rates were way too low before Jan 2017. But that was then and this is now. . .

  • Julie

    SPX Must have a bullish close above it’s daily 5 ema.at approx. 2653.93 Very important GG’s 2666 and the daily 5 ema matching the daily lower cloud boundary shown in daily charts posted below JULIE https://uploads.disquscdn.com/images/87040d539a8e0979b3c58ecec228585f414578cfcb21f284825fccead59b09f0.png

  • BobbyLow

    Thanks.

    Perhaps the worst it could be is that I’ve got “Hip Osteoarthritis” and have to go bionic with a new hip otherwise as we’ve previously discussed there isn’t much that can be done.

  • Julie

    Sure Chief and TC Observe the very high commercial short positions last September and Gold dumped. Also the very low commercial net short positions last December and Gold advanced The increasing short positions in January and now the decline The commercials always maintain a net short position https://uploads.disquscdn.com/images/744c54ea298b1b694c05054d24a5ebda16c828b2c435236589af94f4f23e1309.png JULIE

  • HD

    He wants a p-value not lurking variables. πŸ™‚

  • Julie

    Going back further The very low commercial net short positions July 2017 and checkout the advance JULIE https://uploads.disquscdn.com/images/7b3edd54af84044c090a3e49e7df1801047cc60d659b444ab722117b6fbf19b6.png

  • http://evilspeculator.com Sir Mole III

    Comment of the day :-))

    But yeah – exactly. what I am trying to drill into everyone’s head is that a small collection of occurrences are meaningless. If you believe that the COT reports offer you an edge then define an pre- and post condition and test those conditions in the context of these reports.

    For example you could use the institutional and speculative interest as a value and then correlate that with how much the market moved x days prior. Throw that into a scatter chart and you quickly see if there is covariance or if there is none.

  • Tomcat

    For me that seems to be a lagging indicator. perhaps an indicator that the bottom or top is forming.

  • http://evilspeculator.com Sir Mole III

    See above darling….

    Does anyone have historical data on the COT reports? If so then they could easily be put into context with ensuing market movement three days one week one month later.

  • Julie

    TC IMO Leading not lagging
    JULIE

  • Julie

    How about this Chief Take the open interest and compare the commercial net short position with the open interest and derive a value of their position in percentage terms
    JULIE

  • Julie

    That is what Tom McCellan does
    JULIE

  • http://evilspeculator.com Sir Mole III

    See guys – you are all operating from a state of chaos. First up you need to define whether or not there is covariance/correlation. Some sort of scatter chart or you can run statistical tests, the latter is more involved and often outside the capabilities of retail traders. But a simple scatter is easily done via a bit of leg work.

    THEN you are able to determine whether or not it is in indeed lagging or not. Otherwise you are all simply guessing what’s going on and what’s worse you are basing your guesses by looking at a handful of occasions.

    Now that I’m spelled it out for you, do you start appreciating how crazy it all sounds? Not a winning recipe for success.

    But Mole – i have used them for years and I can make them work. Well, perhaps it’s not actually the COT (or whatever else you may use). Maybe it’s something completely different based on how you interpret the COT reports.

    This is an extended topic of course which both Scott and I have covered extensively over the years.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    it’s a moving average. 2668.55 now.
    don’t pin that evil number on me, that was soooo last week.
    πŸ˜‰

    http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p89111932961

  • http://evilspeculator.com Sir Mole III

    It doesn’t really matter how you slice and dice the numbers. You can combine commercial shorts with OI or you can test each alpha factor separately. If your hypothesis is that the combined value may be a superior alpha factor, then yes do that.

    Once you have that column in Excel you need to grab a pertinent price series and project forward several days, a week perhaps, maybe a month. So if A2 has the Oct. 15 20010 COT report val you chose then B2 needs to have a future price x days/weeks away.

    Then you run a scatter chart and post it here πŸ˜‰

  • Julie

    GG 2668 it is LOL !
    JULIE

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    I look forward to your COT statistical analysis.
    πŸ˜‰

  • Julie

    GG SPX up into the lower cloud boundary If higher let’s watch 2684 and 2702
    JULIE

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    .need a full reverse on the BPSPX.

    EDIT: the last big dips took a month to recover.
    http://stockcharts.com/h-sc/ui?s=%24BPSPX&p=D&yr=3&mn=0&dy=0&id=p09490938857

  • Tomcat

    News headline last week: S&P/DOW is down X points because the 10 year rate is up x%
    News headline this week: S&P/DOW is up X points because the 10 year rate is up x%

  • Julie

    TC I do not read the news as there are explanations daily as to why the market did this or that.. Tech bounces this day because AAPL announced this and down the next day because AMD is being sued for patent infringement. Price action is what I follow
    JULIE

  • Tomcat

    Yes, Julie, as we have discussed many many times before. Price is the only truth.

  • BobbyLow

    That looks like it came from CNBC. I haven’t had that network on for many years but these types of opposing occurances having the same explanation happened all the time and their credibility went to 0.

    I have to admit that I still check the news from time to time but purely for entertainment purposes.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • Tomcat

    This was a direct notification from CNBC RT app. I do not watch any financial networks but I do like/use the app because it gives your real time quotes and its free.

  • Brishort

    Divergence on the Zero plus GG 2668…. interesting times. Retracements from previous moves also very advanced or completed.

  • HD

    The news often marks Time. And I can quantify that easily.

  • BKXtoZERO

    You brought the whip out today..

  • Julie

    I posted this chart on previous thread (Friday thread) EXAS today is advancing JULIE https://uploads.disquscdn.com/images/f1469f80ee9b1c8076675bf2e646ef0e8dd2f344a8838f322fad5f88cec9869b.png

  • Brishort
  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • Julie

    BAC Friday a bounce near the daily 89 ema and lower Keltner channel Today looks like a bullsh close will occur above 30.90 JULIE https://uploads.disquscdn.com/images/43e34bf2fd577432829d7aef75dc5797b2135d5d0f25a44a64c5be1ff1552def.png

  • ridingwaves

    vix is still honoring the 3 hourly Afternoon candles around 25.88 from 2-07 as support.. a break of those could push it to 22.25

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    forget the close.
    open tomorrow will be key IMHO.
    we can’t foretell the future, but we can plan for it, right?

  • BobbyLow

    Out of long Crude at BE.

    FBOW, I’m not going to rely on Hopium.

  • Tomcat

    Ended up being a chit trade. Oh well. Next.

  • BobbyLow

    Just what I thought. LOL

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    “next thousand trades”

  • Julie

    Correct GG
    JULIE

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    ok.
    2 possibilities.

    1) opens higher, and gap fill occurs.
    2) opens same as close, 6 days of nowhere turns into short covering squeeze.

  • BobbyLow

    Like GG said one of the “next thousand trades”. Ironically, I’m up about 1 R on OIH. But that’s being pushed up by overall equities. I’m pretty sure I’m going to close this before the COB today. With all the recent volatility, we could be just as easily down big tomorrow.

  • Julie

    Hi BL Gonna buy a little USO with a 12.45 target Posted this chart on Friday’s thread JULIE https://uploads.disquscdn.com/images/664e544e50ec3eb24000bb99894f834e534beca9168a517d82391e3c36d47afb.png

  • ridingwaves

    with vix so elevated during opex week, caution should be applied across the board….

  • BobbyLow

    That’ll probably work for you Julie based on your lens.

    We have different approaches to entries. I’m moving a little faster and what little MOMO I saw to the upside between Friday and earlier today went away. Another thing is that my entry on Friday was a flyer and not based on my entry rules. There was just not enough buying strength for me to hold. If the situation changes, I’ll re-enter. OTOH, if /CL get’s back into the 58’s and hangs around there for awhile, I’ll also consider going short again.

  • BobbyLow

    Closed OIH at + .71 R

    Still holding Long Gold

  • Julie

    Ideally BL I want to throw the kitchen sink at USO with a lower high. This will be a short term trade up to 12.45 target . If reached that could be the lower high
    JULIE

  • Julie

    Agreed RW
    JULIE

  • BobbyLow

    Good luck Julie.

  • ridingwaves

    SPY rubber meets the road area per my lens is around 271.50 which is near your SPX level you mentioned for bull move to hit resistance. Right now SPY is having some issues with that 2-6 hourly candle top at 265.60, will have to gap it up…

  • ridingwaves

    its a good buy right now….
    BIO is getting a bid…

  • ridingwaves

    just pushed vix under 50 on hrly, first time since 1-29

  • Julie

    BL USO weekly chart It could go down to 11.61 which is the weekly baseline (21) My stop will be below 11.61 Notice the weekly conversion line (8) is 12.47 matching the daily 12.45 Shown USO weekly chart JULIE https://uploads.disquscdn.com/images/d9567a12805d880912affc8dc40741325d25f1bd306803326fcf27cfc54063ce.png

  • Julie

    Thanks RW Agree with you
    JULIE

  • BobbyLow

    I’ll even try to make it simpler with a macro guestimation. If we continue with huge candles in both directions a couple of times per week, we need to shake hands with Mr. Bear. If we go back to nice neat small upward trending candles, we can welcome back Mr. Bull. If we go with small candles in both directions on a journey to nowhere than we can say hello to Mr. Indecisive. πŸ™‚

  • ridingwaves

    SPY liking week 7 so far

  • Julie

    SPX above it’s daily 5 ema ; lower cloud boundary and 2668. Now the 50% retracement matches the 2702 . The 61.8% retracement matches the upper cloud boundary JULIE https://uploads.disquscdn.com/images/15dc1663a0f4e857a14172deac903953cd9a1cb74804a4a3a91440b48aaedfdc.png

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • Julie

    Bot some GDX
    JULIE

  • Brishort

    Julie, nice recap. Fully in agreement with the key facts you presented as the most relevant to witness right now.

  • Julie

    Thanks Brishort
    JULIE

  • Julie

    Let’s see how SPX closes needs a close above it’s daily 5 ema
    JULIE

  • Nate

    Sheesh it is so awesome to have the Zero to go a long with the price action. What a great day banking coin with the Zero giving me no indication to dump my long from Friday. I suck at trading, but maybe with Mole’s tools even a dummy like me can make some $$$.

    Thanks Mole, the Zero has paid for itself 100 times already and I’m not even highly levered . . .

  • Julie

    SPX closes 1 pt above it’s daily 5 ema ! Too Much ! Bulls keep it going !
    JULIE

  • http://evilspeculator.com Sir Mole III

    EXACTLY. I never ever follow that stuff, haven’t for years. Works for me – will work for you the same.

  • http://evilspeculator.com Sir Mole III

    Be afraid… be very afraid…

  • Mark Shinnick
  • Julie

    Did not buy USO perhaps tomorrow or not at all Ideally as previously mentioned I want to short a lower high on a bounce
    JULIE

  • http://evilspeculator.com Sir Mole III

    Glad to hear it but take it easy. These days are easy reads on the Zero and you haven’t been through sucky days yet when participation is conflicting and there aren’t any strong clues. Or days when the signal is almost flat and you don’t really know what’s up. It’s important that you go through a period like it before you develop full confidence in reading participation properly.

  • http://evilspeculator.com Sir Mole III

    Oh and watch the videos in the Zero section. You will thank me later.

  • Julie

    Nate You are not a dummy.
    JULIE

  • http://evilspeculator.com Sir Mole III
  • http://evilspeculator.com Sir Mole III

    QUIET YOU – he was about to buy another subscription!!

    πŸ˜‰

  • Nate

    Trust me, I know it’s much harder as I’ve been destroyed in the past. It has just been nice to be able to take advantage of such easy reads! Thanks for keeping me grounded πŸ˜‰

  • http://evilspeculator.com Sir Mole III

    That’s a minimalistic chart if I ever saw one!

    Well, no surprise there. But can someone tell me where the fuck the money is flowing?

  • Mary

    If I told you I’d have to kill you.

  • Julie

    Chief I meant that he is not a dummy buying another subscription
    JULIE

  • Julie

    Chief I do not care a rat’s butt about the news.
    JULIE

  • Edgy

    Ugh, freaking grind! At least I made money… And I’m at Disney today!

  • Mark Shinnick

    Wherever it happens to be, its doesn’t seem to go too many places. https://uploads.disquscdn.com/images/e7829a0b8fb14e514674fcdec38cc9b1009bc7a064d858564397dd7e56f611c9.png

  • http://evilspeculator.com Sir Mole III

    May be worth it… plus I make backup copies.

  • Julie

    Observing SPY volume IMO a dead cat bounce
    JULIE

  • Julie

    If SPX goes higher tomorrow going to watch 2684 or 2702 then a retracement. Upon completion of retracement then a final leg higher Then a Dumpus Aurielious
    JULIE

  • Julie

    2684 not 2864
    JULIE

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    When did the Ford weekly bottom?
    Son-of-a-biscuit!

    http://stockcharts.com/h-sc/ui?s=F&p=W&yr=1&mn=0&dy=0&id=p75422476439

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    {face palm} a dyslexic blonde.

  • Julie

    GG F A definite impulse down from 13.48 I kept my short probe. Let’s watch for a bounce to a lower high target 11.84 and 11.67
    JULIE

  • Julie

    Yes GG I have trouble with numbers. I am fortunate that I do not have trouble with letters I must double check and triple check numbers
    JULIE

  • Julie

    Must edit 11.84 not 11,48 11.67 is correct
    JULIE

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    I’m pretty good with numbers and letters.
    36DD.
    see?
    LOL.

    see ya tomorrow.

  • Julie

    CHK Setting up for a short squeeze ?17% of float is shorted. Weekly chart oversold with CCI (20) below -200. Positive divergence MACD RSI at 32. Price down to lower trend line of a parallel channel. Daily chart 5 ema at 2.94 and a resistance 2.95 Going to watch CHK on the 30 min chart for a possible entry Shown CHK weekly and daily charts https://uploads.disquscdn.com/images/4fbf963fd664fcd17ebb4efc3dda7cf215d69ad7147f9625cce0d018db4b077a.png https://uploads.disquscdn.com/images/dc6739793f7ae098911dac850c219dba37697244dfa978538f7b5d72a96588c2.png JULIE

  • Julie

    CHK Daily chart the consolidation measures approx.(1) 4.5 – 3.5 = 1 (2) 3.5 – 1 = 2.5 The approx. 2.5 target has been reached
    JULIE

  • Julie
  • http://evilspeculator.com Sir Mole III