Discretionary Trading
Now Reading
Cryptogeddon Is Near
265

Cryptogeddon Is Near

by The MoleFebruary 1, 2018

Cryptos across the board (and BTC in particular) are tumbling again after India is leveraging the current shake-out of weak hands to scare a few more suckers out of their positions. I don’t really understand why India wants its population to be poor and powerless but after relieving them of their gold holdings it’s now time to stomp on cryptos. Occasions like these should remind everyone of the fact that investing in crypto currencies should be done only after large corrections and which are then held on a long term basis, meaning years. Otherwise you are much better off trading the swings. Which is an exercise we here at Evil Speculator happen to be rather good at after many years of practice.

Given the current daily perspective we’ve got about 300 more handles before Cryptogeddon becomes a very possible scenario. Make no mistake, this chart is looking extremely bearish and a drop below 9200 ushers in a new phase in panic selling.

I don’t know about you guys but I love the smell of napalm in the morning πŸ™‚

Short term it’s starting to look pretty ugly. Check out that sideways triangle which is now resolving to the downside and the traditional target would be around the 9000 mark. IF we get a bounce a bit further down the line this cluster will most likely act as resistance plus the 10k mark has major psychological value.

The two big holdouts are ETH and NEO (which is a bit related) which kind of makes sense as they both are catering to the Đapp space.

Now over in equities I’m glad that I held off on any long (or short) positions as we most likely would have had our asses handed to us. Nice little bear trap there, but Moley don’t play that!

Our Dollar campaign is still coiling up – honestly at this point it’s still a coin flip but the fact that the BB is pinching and we haven’t dropped to the downside yet is a positive.

Soybean Oil still in good shape and our stop remains at break/even for now as we could see a bit more whipsaw.

I hope my subs caught that big spike low and breach on crude as it’s GO time! I just moved my stop to break/even and so should you. This is exactly the type of formation I was hoping for – excellent!

And last but not least our USD/JPY campaign seems to be following the script which means we get to move our stop to break/even or a little better. The snapback here could be massive and I’m super happy to have been able to hop on the bus just in time.

Shameless Plug

By the way, if you missed these or other recent entries then lower your head in shame and then head over to the sign up page to once and for all remedy your unfortunate condition. Evil Speculator Gold goes for less than the cost of a single E-Mini handle and if you enjoy trading it you may as well sign up for the Zero which includes Gold plus a continuous feed of our mostpopular market participation oscillator.


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

    Not sure if this makes me a contrarian to Mole’s Oil Long, but I am short $RB here:
    http://schrts.co/b1jt2q

  • ridingwaves

    crypto found 9199 and a small bounce…..yikes….

  • StockTalker

    Long +2 /YM avg 25970, damn. Dropped more than anticipated. 26.1k back test to go short again. Otherwise we have a significant correction in the works.

  • Yoda

    Hehehe, we gonna get another Rock n’ Roll day.

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

    thank you for the crypto update.
    very contemporary. Evil Spec should be part of every traders day.

    -GG

  • StockTalker

    Nice H&S pattern in place on the /YM

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

    Short now -2 /YM 26025, too much selling pressure.

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

    High Yield has spoken.
    http://stockcharts.com/h-sc/ui?s=HYG&p=D&yr=1&mn=0&dy=0&id=p26165655637

    Major indexes are indecisive and/or reddish.

    too early for an alarm??
    what the heck, call it a practice drill.
    πŸ˜‰

    https://www.youtube.com/watch?v=eVBPGZEVRH0

  • Yoda

    Ah, the old Das Boot scene. It’s been a while…
    πŸ˜‰

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

    got to break in the newbs.
    ;-D

  • Yoda

    I hope not. We need someone to take the other side of our trades πŸ˜‰

  • Mark Shinnick

    That’s the thing, it really happened ….a % significant trendline event after 35 years.

  • Yoda

    UNG could be a bounce play (long) at his level, before the storage data are out at 10.30am EST
    https://uploads.disquscdn.com/images/51a0cb3f881f9b25b12769936589df584f183c6f55f5e0c987007573c95bd79b.png

  • ridingwaves

    closed that gap also…
    OT-interesting gap down on GILD at open, now green…

  • Mark Shinnick

    covered my shorts for time being.

  • Yoda
  • StockTalker

    Things are going to heat up soon.

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

    La Nina is a cold mother for the east coast, San Francisco today in 70’s….
    were back in drought…..stupid Jerry Brown stopped rationing after one big rain year….should have asked RW about La Nina…

  • StockTalker

    Ah, avg 26040 now. wait for it. Still up on the swings

  • StockTalker

    Trying /NG again right here.

  • HD

    who moved my cheese?

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

    ..Elliot
    πŸ˜‰

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

    Nice chart!

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

    I try to contribute more than my awesome personality.
    πŸ˜‰

  • Yoda

    On the positive side you’ll get some nice weather while dying of thirst πŸ˜‰

  • StockTalker

    Appreciate it allot! Will be posting some charts with my swing trading setups if anyone would dare to join in. Not for the faint of heart!

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

    80’s in the desert southwest
    flip flops and shorts, FEB 01. seriously?

  • StockTalker

    /ZT pimple looks like it will pop.

  • HD

    ha, 60% of the time it works every time.

    TBH it feels different. New wave until proven otherwise. Still 2834

  • Yoda

    I look forward to the mini-ice age in the next decade:
    http://www.dailymail.co.uk/sciencetech/article-5215575/Plummeting-temperatures-cause-mini-ice-age-2030.html
    Long snowmobiles πŸ˜‰

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

    excellent! long deserts!

  • Yoda

    hey, with a bit of luck you may get a nice green lawn and flowers in your garden instead of rocks and yellow grass. πŸ˜‰

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

    XHB, other side of the BB
    where’s the fun in that?

    http://stockcharts.com/h-sc/ui?s=XHB&p=D&yr=0&mn=4&dy=0&id=p61160063003

  • BobbyLow

    Man! You guys have been a busy bunch already this morning. This Crypto business is fun to watch. . .

    My long oil position from yesterday is “movin on up” but long Gold needs to wake up. I added a long position in Oil Services OIH this morning and so far so good. Lots of smoke and mirrors out there but price usually leads the way through the maze.

  • Tomcat

    BL,

    Out of all traders here, I hate being in the opposite side of yours. S $RB

  • ridingwaves

    solar minimum is overdue….

  • StockTalker

    Dropping like a rock here.

  • Yoda

    same here

  • Tomcat

    Yoda, I just saw your NATGAS long post. Wanted to warn you as I posted yesterday, you are going against seasonality and bearish weather pattern development. GL

  • BobbyLow

    LOL Don’t forget we’re usually on different time frames. My swing trades are usually good for only a couple of days or so. For the month of January (5 Weeks including this week) I closed 20 Trades in energy and gold and put on 3 new trades between yesterday and today. So we both can be on the right side while being on opposite sides of trades.

  • BobbyLow

    I’m flattered πŸ™‚ but please see my reply to TC.

  • Tomcat

    BL, stop trying to sugar coat it πŸ˜‰
    I know how to take a punch remember….

  • ridingwaves

    you might be on wrong side here too….
    great entry L, took it on retest of breakout…

  • Tomcat

    I sure could be. I am actually not in the trade. I did short at 3.2 and covered at 3. But chart looks bearish to me…different lens I guess
    GL

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

    Just going to ride the day out, indices looking weak at this juncture.

  • Yoda

    The impact of the Sun’s activity on Climate Change is mostly disregarded because it brings an inconvenient truth at the debate table.

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

    In a “normal” year I’d agree with you about the seasonality, but this year is an outlier given that La NiΓ±a is affecting the global weather patterns. As shown below, the next 2 weeks forecast does not look bearish to me at all.
    Where do you get the “bearish weather pattern development”? News?

  • StockTalker

    26.1k is critical for bulls

  • Tomcat

    News? LOL
    See below…
    https://bluegoldresearch.com/

  • BobbyLow

    I really appreciate your compliment but I think you’re probably trading a lot slower time frame with fundamentals thrown into the equation and what you are doing works fine. I’m currently running at a 50% Win Rate which means that 50% of my trades will fail.

    I read the tape on a 30 Minute Chart. I post my trades in real time and post results win or lose in real time. But I don’t post my charts because I’m too lazy and because unless someone is able to read the price action of my charts in exactly the same way I do (especially for an exit), they will fail.

    But no matter which method is used, it still comes down to cutting your losses short, letting your winners run and most importanty, know exactly under what condition you will exit before your trade is made.

  • Mark Shinnick

    Nearing jdst/dust buys.

  • StockTalker

    Wow, BTC almost 9k

  • Yoda

    So far it’s a boring day. Hopefully after the close of the European markets we’ll see some action

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

    Derivatives, cancer of the Irrational Exuberance.

    https://www.coindesk.com/threat-bitcoin-futures/

  • StockTalker

    Ya, exactly when they started to tank

  • Yoda

    I wouldn’t pay 60$/month for that when I can get the same info with an update every 6 hours for free

  • Tomcat

    I am not a subscriber, but if you check their free section, there is a ton of data. Anyway, no point in arguing about weather. Price talks. Like I said, if I had strong conviction, I would have kept my short which I prematurely covered (see above). GL to you

  • StockTalker

    Amazing move here, just went red on the day after being up over 2R. Holding the coarse.

  • ridingwaves

    FIRE sector is key here, proxy right now for market…see XLF
    Nearing 130 on XIV here…inflection point now
    bought TVIX here…stop at 5.30

  • HD

    Found the cheese. Testing 28(34) fib pivot. 3rd time.

  • BobbyLow

    That’s Ms. Market telling us that She’s still in charge. πŸ™‚

    I had a big move up early and then went to flat and now beginning to rise again. We’ll see how it goes from here. . .

  • ridingwaves

    BTC under 9K…..cryptogedeon alert…..

  • BobbyLow

    I noticed that too. Can you imagine what buy and hold people who bought it at 12K or higher are feeling?

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

    XLF, it’s either a BTFD day, or the beginning of a LKGB.

    http://stockcharts.com/h-sc/ui?s=XLF&p=D&yr=0&mn=6&dy=0&id=p90297130909

  • StockTalker

    Yep, big shake out before the real one:) Can not complain, she will turn today. Still net short and plan on holding it. Time to rip the bulls balls off now.

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

    “It will come back, it has too
    πŸ™‚

  • BobbyLow

    “Famous last words” πŸ™‚

  • ridingwaves

    even these don’t do it justice but close enough
    https://www.youtube.com/watch?v=B5QxV2yyfGQ

  • BobbyLow

    Reminds me of my Groin Pull which has gotten worse BTW. I have to use a cane for the first 30 minutes of the day before it loosens up. The pain is pretty severe for the first few steps.

  • Mary

    XIV kinda blew right through that 130 “resistance”.

  • ridingwaves

    I can honestly say that after what seems like 1 year it’s finally backing off….big turn in last 2 weeks…of course I have been everywhere in the US and Canada it seems and not pushing it on any hikes, surfing etc…

  • BobbyLow

    I think this is going to be with me for an extended period. I’m hoping for as little as a few weeks but whenever I think it’s getting better the next day it comes back worse.

  • ridingwaves

    little overthrow, it could go to 133 or 136 if they want to run market up….

  • Julie

    Mary I thought there would be one more leg down
    JULIE

  • Yoda

    Not before hitting 7700

  • Mary

    There still might be. I just take my signals.

  • HD

    Bloodbath

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

    you sound like BobbyLow!

    XIV
    http://stockcharts.com/h-sc/ui?s=XIV&p=D&yr=0&mn=6&dy=0&id=p96915244473

    I told you had a shot. I got lucky, this time.
    πŸ˜‰

  • ridingwaves

    I was way to active for healing….thus 1 year of it…see if you can avoid overexerting and don’t stretch it, doesn’t to a bit of good

  • ridingwaves

    some excitement for VIX players is near….check your charts…

  • stovis

    Long /XBT at 9010

  • Julie

    XIV Daily chart bounced off the lower cloud boundary ; 89 ema and gap support. Now going up into 132.79 baseline (21) which IMO must get above. Shown XIV 60 min chart IMO make or break at 132.79 (horizontal blue line) JULIE https://uploads.disquscdn.com/images/d046d6c96c9684f72fe2fb650020ce2660def174bdd415cc70fc13b3c5b0a61f.png

  • HD

    Wifey got her first pay check under new tax cuts. They’re legit. I will fill cans with the cash and bury in the backyard. I have a feeling they will be coming back for it soon.

  • http://evilspeculator.com Sir Mole III

    Ah yes – they’re about to kick in now. Good to hear!

  • Julie

    XIV Daily chart The bounce off the 89 ema ; lower cloud boundary and gap support JULIE https://uploads.disquscdn.com/images/f00989f96cd5e5c0520cd13d4c9395d66b2040f4fa53a905e7fedf0dfd0c7d3b.png

  • BobbyLow

    Thanks for the info RW.

  • Yoda

    What’s your address?

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

    +1 for you.
    below my line.

    http://stockcharts.com/h-sc/ui?s=%24VIX&p=D&yr=0&mn=6&dy=0&id=p86789083166

    EDIT: “ended, the blow out has”

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

    golden cross near on VIX…

  • HD

    Unfortunately I was a silver bug and have many shiny coins. They make ok gifts.

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

    Remember that 2008 stimulus?
    let’s just say I didn’t lose it in a boating accident.
    πŸ˜‰

    http://www.cnn.com/2008/POLITICS/02/13/bush.stimulus/

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

    not buying it.
    show me the statistical advantage.

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

    reminds me of E*trade.
    I had something shrink to under $5 total.
    they wanted to charge me $25 to cut a check.
    account closed!

  • ridingwaves

    my nephews love em…..
    Silver will shine again….

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

    so that was *you* on the beach.
    https://i.ytimg.com/vi/izYHfZjg7c0/hqdefault.jpg

  • ridingwaves

    ahhh love my NKTR….150 in next 52 wks has 80% chance…

  • StockTalker

    About break even on the day, until tomorrow.

  • Yoda
  • Julie

    GDX Now looking for the bounce off the daily 55 ema to a lower high to short
    JULIE

  • BobbyLow

    This looks like a picture of my last few equity index trades and the reason why I don’t trade them anymore. I’d rather camp out where it’s safe in Gold and Energy Trades. πŸ™‚

  • StockTalker

    Stick to the plan, green now

  • StockTalker

    Just have to stick to your plan, green now

  • BobbyLow

    Yep. Me too.

  • StockTalker

    She is going to tank tomorrow:)

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

    please. enough with the #MeToo.
    LoL.

    17,700,000 traders have been reported a sexual assault since 1998.

  • BobbyLow

    Are you back in /YM?

  • StockTalker

    Never got out

  • HD

    28(34) you could almost make a living off it….

  • BobbyLow

    Wow! Now I understand about what you meant about going from up 2 R to Red. If you are trading what is considered a trend by your rules then you have to have the stomach to ride ups and downs until the trend is perceived by your rules as being over. I pretty much do the same thing but probably on a smaller scale with ETF’s instead of Futures.

  • Julie

    XIV pulled back 3 cents above 132.79 (132.82) up into the upper trend line of the channel in 3 waves on the 60 min chart shown below
    JULIE

  • ridingwaves

    DAX closed down, will SPX follow

  • HD

    Λ™Κ‡uɐᴉllᴉɹq ˙ʇɐΙ₯Κ‡ ΙΉoɟ pɹɐʍɐ β„²β”΄ΖŽ uɐ ʇǝƃ plnoΙ₯s ǝuoǝɯoS Λ™spΙΉΙΚΚžΙ”Ιq XIΞ› sᴉ Ξ›IX oS

  • stovis

    Out of /XBT

  • StockTalker

    You got it, ride the crazy train. There she goes:)

  • http://evilspeculator.com Sir Mole III

    BTC at 9011

  • Mark Shinnick

    reentered labd

  • StockTalker

    A break of 26100 gets the shit itself award. Now up 1R

  • Mark Shinnick

    “egg-cellent.” πŸ™‚

  • Julie

    HD LOL! I Hope you are having a taerg yad
    JULIE

  • Yoda

    lol

  • Julie

    RW DAX and RUT IMO are the canaries and chirping louder and louder
    JULIE

  • StockTalker

    8830, lol

  • Yoda

    a .618 fib retracement of the entire move up would be my next target for a long

  • Mark Shinnick

    May stand aside…see what happens with buy stop/.

  • Julie

    UNP I have an initial target 124.82 matching the rising daily 144 ema and the daily lower cloud boundary which is approx. two equal legs down
    JULIE

  • StockTalker

    Love to see BTC crater like that:)

  • Mark Shinnick

    Ream the idiots, disable the con artists.

  • StockTalker

    Lol, ya. My turn

  • Julie

    On stockcharts.com What is the symbol for bitcoin? I have not been following or trading the cryptos. I am like Warren Buffett if I do not understand it I stay away Thanks Guys
    JULIE

  • BobbyLow

    Once again, the API, EIA Oil Inventory Reports on Tues and Weds didn’t mean a thing other than for about and hour or so of Oil prices vacillating between being up and down. The bottom line is that it’s not the supply and demand of the actual product that’s important. It’s the supply and demand of oil contracts between buyers and sellers that control prices. And price told the story yesterday. After a surprise 6 Million Bl. build, price faltered for awhile but it didn’t take long to stabilize go flat and then turn green. This was a signal from price that over supply didn’t matter at least for that day.

    It also looks like our friends over at GS must have a large long position because they just put an $82 Target on Brent. . .

    https://www.cnbc.com/2018/02/01/goldman-sachs-raises-oil-price-target-topping-street-consensus.html

  • StockTalker

    That means sell:)

  • Mark Shinnick

    133.4 to 134.4 in prospect.

  • HD

    $7600?

  • BobbyLow

    For sure, but not for awhile. Don’t want to sound like a broken record but price will tell us when to sell. πŸ™‚

  • Yoda

    Yes in that region

  • StockTalker

    Yep

  • Yoda

    NG is bid

  • HD

    at this pace worth zero in 7 days

  • StockTalker

    Volume with it, I am long. A bit timid about it since a dollar rally is expected.

  • Julie

    SPX putting it in perspective consolidating on the daily 13 ema https://uploads.disquscdn.com/images/33748db7d438022ebf91fa0c4fedbdf308c461dc58e6fba9be2839cbb3e81be8.png Busts down thru two equal legs down looks to be the 34 ema Just saying guys JULIE

  • StockTalker

    Shorting /6E @ 1.25415

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

    SuperBowl coming up this weekend for you non-Yanks.

    https://en.wikipedia.org/wiki/Super_Bowl_indicator

  • Yoda

    and there goes GDXJ πŸ˜‰
    adding to long

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

    Priced In baby.
    The human condition to reason why *after* – is the ultimate sucker behavior.
    yes?

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

    $USD at 88.68

  • Yoda

    Don’t overthink it. NG has a mind of its own anyway.

  • Julie

    Yoda I am not trading GDX up Looking to short the lower high approx. 23.92 – 24.04 IMO watch GDXJ at 34.40
    JULIE

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

    I don’t have today’s close.
    but 87.30 is the old 88.

    http://stockcharts.com/h-sc/ui?s=%24USD&p=W&yr=2&mn=0&dy=0&id=p30310839249

  • Julie

    GDX an impulse down from 24.85 to the 55 ema (23.22) which was to the penny
    JULIE

  • BobbyLow

    Not a lot of science in this but it looks like there’s about a 67% chance of the market bears gaining control of equities if my Patriots win. πŸ™‚

  • Yoda

    will you reverse the trade if it goes against you?

  • Julie

    BL Go Eagles ! LOL !
    JULIE

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

    practically a West Coast team. har. har.

  • BobbyLow

    Funny thing is that you can’t get any faster stats than actual prices as they happen. All the other shit is after the fact. I actually saw a cause and effect (while) this was happening not after.

  • Julie

    Yoda No position in GDX currently. If I see an impulse up from 23.22 then will go long a corrective pullback
    JULIE

  • Julie

    GG Do you know the symbol for bitcoin on stockcharts? Thanks GG
    JULIE

  • BobbyLow

    Won’t hold this against you Julie. πŸ™‚

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

    Thanks GG
    JULIE

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

    get with the crypto-program girl!

  • Yoda

    Go Pats!

  • ridingwaves

    its loading in the sidebar next to comments at top of page courtesy of the king or Mole..

  • BobbyLow

    Sounds like a good move. Sometimes we can tend to make things too complicated instead of simply buying strength and selling weakness.

  • StockTalker

    Like 89 on the DXY

  • Julie

    RW Thanks I forgot about that
    JULIE

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

    Miner fools.
    Strength, Weakness, and I don’t really F’ing know are the positions.
    πŸ˜‰
    is it April all over again??
    http://stockcharts.com/h-sc/ui?s=%24BPGDM&p=D&yr=1&mn=0&dy=0&id=p90154533354

  • HD

    BTC DITD oversold

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

    hourly, daily, or weekly?

  • HD

    yes

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

    {chuckle}

  • Yoda

    Golden words here from you BL.
    Whilst trading is everything but simplistic, very intelligent people tend to do poor in markets because of a propensity to see things in a overly complicated way.

  • StockTalker

    Now a break of 26k and drinks are on me.

  • Julie

    BAC Double top at 32.45 The bounce up from 31.85 is three waves. Adding to short probe on the shooting star candle on the 60 min chart
    JULIE

  • Mark Shinnick

    A important short term equities failure or retest here.

  • StockTalker

    Where? Who? What?

  • Mark Shinnick

    Well, I’m short.

  • StockTalker

    Good man!

  • Mark Shinnick

    …and often wrong.

  • StockTalker

    Watch carefully here, a shift in currencies should happen very soon.

  • Julie

    Who is buying the Banks ! Out of their minds. Overbought Monthly Weekly Daily They are nutso !
    JULIE

  • Yoda

    Gap down tomorrow me say

  • Mark Shinnick

    2790 zone appearing as the first objective.

  • http://evilspeculator.com Sir Mole III

    Come on people – let’s make it happen. I want to see 200!!

  • HD

    BTC! might do 9500

  • ridingwaves

    me thinks the treasury rates are starting to eat into bulls psyche….

  • BobbyLow

    Reversal and selling into the close used to be a sign. Maybe it still is.

  • stovis

    Bonds down, interest rates up, banks tend to go up with interest rates.

  • Mark Shinnick

    That;s how the exit door may end up getting closed…it may not be available to intraday traders, overnight short risk may need to be assumed.

  • http://evilspeculator.com Sir Mole III

    YO – long time no see πŸ™‚

  • Mark Shinnick

    Precisely, inevitable. A change in the Force.

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

    201!! sir

  • Yoda

    I bet you that the media is going to spin today’s sell-off on the announced release of the FISA memo

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

    Time. Check.
    rats.

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

    I’d reply, but you’d jump back on my ass.
    πŸ˜‰

  • stovis

    HEY!

  • http://evilspeculator.com Sir Mole III

    Hey guys – is everyone here subscribed to my twitter feed?

    http://twitter.com/evilspeculator

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

    INverse bonds are up. why do you have to be so negative!?
    πŸ˜‰

  • Mark Shinnick

    Important to recall the recency bias beaten into all these past few years is an anomaly.

  • http://evilspeculator.com Sir Mole III

    209 – it’s like back in 2010 again πŸ˜‰

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

    it’s no Fucking Sparta….yet.
    ;-D

  • http://evilspeculator.com Sir Mole III

    Damn it – I was having dinner and missed that one.

  • http://evilspeculator.com Sir Mole III

    Getting closer…

  • http://evilspeculator.com Sir Mole III

    How’s the market treating you? Guys – stovis is going waaaaay back – good to see him again.

  • Julie

    Shorted XHB yesterday at 45.49 failing at 45.73 ( conversion line and baseline (45.76) Taking 3/4 off expecting a bounce to a lower high then will pound it again
    JULIE

  • http://evilspeculator.com Sir Mole III

    I’m with the GOAT. Sorry Julie but football is football.

  • http://evilspeculator.com Sir Mole III

    Report to the lair for a flogging (we do have child care).

  • Mark Shinnick

    VOLUME HOLE below S&P ??

  • Yoda

    This rat has bolted through the door already

  • HD

    THAT was a $2500 DITD signal. IPA and donut time!

  • http://evilspeculator.com Sir Mole III

    Chart please – I can’t pull it up on my end right now.

  • Julie

    Looking for TNX to go down
    JULIE

  • BobbyLow

    Oil is on fire and at HOD. Gold is at HOD and OIH is green.

    It’s only the first day but February is keeping pace with January. This must be the middle of the night and I’m in the middle of a dream . . . πŸ™‚

  • Mark Shinnick

    Lack capacity.

  • Mark Shinnick

    Damm cliffhanger.

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

    calm down, it’s Month Begin, still a looney time.

    let’s see if there is follow-thru.
    (I like that UGLD did go green)

  • Yoda

    lol

  • Julie

    My only crap trade BAC Darn Banks !
    JULIE

  • BobbyLow

    Nah I’m going to enjoy this while I can. πŸ™‚ There have been way too many times when everything I touched in the markets turned to shit. And like Scott used to say there are easy trading times and there are hard trading times. Hard times will come soon enough.

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

    don’t hold back. dam.
    Dam.
    DAM
    say it, DAAAAAM!

  • http://evilspeculator.com Sir Mole III

    February is historically the fourth weakest month of the year for SPY. See the full (and exhaustive) stats page http://evilspeculator.com/statistics/?symbol=SPY

    https://uploads.disquscdn.com/images/0a3b5ee75d3d3fb132a03b6d88dc33385079944230ba7fa7703cdc38d0f77fea.png

  • Julie

    DAAAAAM ! ! ! GG I put in a couple more exclamation points
    JULIE

  • BobbyLow

    Yeah we have to toughen her up a little. πŸ™‚

  • stovis

    Trading mostly futures – treating me well. Missed shorting bonds though.

  • stovis

    It is at a multi-year high.

  • stovis

    You’re right – I should be more positive!

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

    it’s an omen. I expect more oldtimers to show.

    if StainlessSteel Chicken shows up.
    close shop and sell the website name.
    πŸ˜‰

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

    CAT Holding at the daily 34 ema and a minor support. Not shown on chart is the 55 ema matching another support ; upper cloud boundary and lower Keltner channel. Looking for a drop to the 55 ema then a bounce to a lower high to short. Now a bullish close above the Ichi Cloud Conversion Line (8) at 166.26 will go long with a 173 target Plan your trade and trade your plan https://uploads.disquscdn.com/images/b8f79b90ef0d4fe2ef07cf97948b37ec0cd1fc47cfa4392462d9cfd12d09e827.png Shown CAT daily chart JULIE

  • http://evilspeculator.com Sir Mole III

    Today’s candle low gets broken and Kansas is going bye bye.

  • http://evilspeculator.com Sir Mole III
  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • Julie

    Hi Mole Doing great A lot of posts today The boys are getting lively. So are us girls
    JULIE

  • HD

    This just got DM’d to me. Keep saying EW doesn’t work and I’ll keep pointing out wild coincidences. πŸ™‚

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

    As Mutti used to tell me as a kid – if you don’t have anything nice to say, don’t say anything. But I’m tempted… lucky for you it’s my bedtime soon… πŸ˜‰

  • Ian Naugler

    Orders on Bitmex at 82xx, 81xx and 79xx…lets see if she wants to bounce.

  • stovis

    Short /CL at 66.05

  • Wave_surfer

    deine Mutti ?
    sehr schΓΆn
    HD’s comments remind me of your ‘ticking the dragon’ post and accompanying video

  • Mary

    What is your reasoning? Previous strong resistance at this level?

  • Wave_surfer

    I am torn because it looks like interest rates may continue to climb and bond prices continue to fall, but it also looks like it may be the end of the move and it may reverse anytime.
    Is it a mark of maturity that no longer feel ‘certain’ about any move and realize that at any time, anything can go either direction.

  • Wave_surfer

    Does anyone else have any thoughts about interest rates and bonds in the middle and long term?

  • BobbyLow

    “Is it a mark of maturity that no longer feel ‘certain’ about any move and realize that at any time, anything can go either direction.”

    FWIW, I haven’t felt “certain” about any move for a long time. IMO, feeling certain about future moves of the markets is a way to eventually become broke.

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

    look at 20/30 year charts. nothing lasts forever. cash is becoming trash, and the rise of cryptos is a tidal shift IMHO. The bankers will get their inflation, people will get more digits, and government will take credit for solving the problem they created in the first place. There is nothing new under the sun. Vanity, Vanity. a chasing after the wind.

  • Yoda

    Hehehe. Wise man.

  • Yoda

    LOL @ cryptos

  • http://evilspeculator.com Sir Mole III

    As I said above… πŸ˜‰

  • http://evilspeculator.com Sir Mole III

    Tickling the dragon if I recall correctly.

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

    Oops. It was a typo when I didn’t type the ‘L’
    Ya, I meant it feels like HD is ‘tickling the dragon’

  • Mark Shinnick

    Easy: A 35 year-significant trendline was broken in rates. Everyone is on notice.

  • Wave_surfer

    Well, for a 35 year trendline, it really needs to be drawn with a log y-axis and for my charts, several have not touched the line yet, let alone broken through.

  • stovis

    Covered /CL this morning at 64.49 for +6R. ($1.56 on a 26 cent stop)

  • stovis

    My setup which is a combination of a condition on a four hour chart and conditions on a fifteen minute chart. Took a while and got close to my stop, but ended up +6R.