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Have Your Cake And Eat It Too
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Have Your Cake And Eat It Too

by The MoleAugust 17, 2017

The old saying goes that can’t have your cake and eat it too. However that is exactly what the Federal Reserve is apparently attempting to accomplish at the moment, as chairwoman Yellen continues to assure that a rate hike is just around the corner, and this time it’ll absolutely be for real. Of course invariable by that date absolute economic perfection has yet to be achieved which naturally is why any meaningful hike in the federal funds rate continues to be looming just around the corner, in perpetuity.

Until recently the strategy has been to simply postpone rate hikes for the next time or to the next quarter, with only one or two actively voting FOMC token members in opposition. However now it appears that an internal rift of sorts has developed in that one side is preaching caution in a low-inflation environment while another worries over the price of delaying. So if you’re worried about the value of your Dollar savings and your purchasing power swirling down the toilet bowl then this news isn’t exactly encouraging. It seems that almost a decade of systematic fiat currency inflation has accomplished absolutely zilch. Yes, equity markets remain at record highs, but so are real estate and rental prices, insurance premiums, food prices, the number of college loans, car loan defaults, etc.

If I would decide today to close down this blog, abandon trading altogether, and go back to work as a software engineer then I would most likely be hired at the very same salary (outside of Silicon Valley) that I was able to pull right before the tech bubble burst in 2000, most likely with inferior benefits. That was 17 years ago and salaries effectively have remained flat in the tech and many other white collar sectors. If you are a blue collar worker you’re either screwed or are running your own shop working 12 hour days to make due. So much for quantitative easing and the impact it had on the U.S. economy, the housing market, the employment market, education, etc. We live in an epoch in which two parents working full time are barely able to buy a house and maintain a decent living standard. And every Dollar they are able to save for a rainy day continuously loses 2.2% on average each single year.

But why worry? I remain certain that one day in the not so distant future milk and honey will finally be flowing out of our faucets and genetically engineered ducks will begin to excrete golden nuggets. At which point Mrs. Yellen or her successor will undoubtedly feel confident enough to raise interest rates by one or two basis points.

2017-08-17_spoos_setup

Alright, enough of the bitching, we have some setups to attend to. Equities are hanging by a thread here and I give it a 70:30 chance that we’ll see a bounce today. However, that said – if the unthinkable happens equities would slide pretty rapidly from here. WHY? Because we had an exhaustion spike higher followed by a rapid slide, followed by a quick reversal which then begot a bit of sideways rub-your-hiney confusion. A drop from here has the lowest odds but promises a high reward/risk ratio.

So it’ll be a lottery ticket right here or until about ES 2470 with a stop five handles away depending on your entry. FYI after 2475 this setup is BUST and the bulls are once again in charge.

2017-08-17_TF_RTY

By the way although my position is only 0.25R I am splitting it between the TF, alternatively you can also play the CME’s RTY-09-17 which is still picking up liquidity.

2017-08-17_EURUSD

Another lottery ticket I’ve granted myself today is the EUR/USD. As you know I have been fervently hoping for a drop through that daily NLSL, which would be the signal that the Euro is finally ready to paint a meaningful correction. Which is exactly why it has very low odds of succeeding of course, thus I am long here 0.5R with a stop below 1.164. Note that little ‘scare the children’ stab lower which undoubtedly tripped a boat load of stops. Cheeky bastards!

2017-08-17_EURUSD_LT

The LT perspective remains to be extremely bullish of course, just look at those charts! And I’m pretty sure that those EUR specs don’t believe a single word of what came out of the FOMC yesterday. Odds support a run higher here unfortunately, as much as it pains me. Well, of course this one is easy for me as unlike you I live in Europe and earn in Dollars. So no matter which way it’ll swing – I win 😉

2017-08-17_copper_watch

Copper is now on my watch list for a long entry near 2.92 – my stop would be (you guessed it) below 2.87. This is a pretty nice retracement but I think copper can do better. Let’s hope it’s in the mood to humor my outlandish request.

Two more exciting setups below for my intrepid subs:

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By the way in case you wonder, the featured image for today shows a very special type of Austrian style cake called the Sachertorte. As much as I love American style sweets, tarts, chocolate, candy bars, etc. when it comes to cakes and deserts you simply can’t beat either the French or the Austrians. If you ever have the good fortune of finding yourself anywhere in Austria, and especially in an old fashioned 19th century ‘Kaffeehaus’ (coffee house) in Vienna or Salzburg, then do yourself a favor and order a slice of Sachertorte with Kaffee (coffee) and Schlagobers (whipped cream). The latter goes not only on your tart/cake but also in your coffee. After which you will most likely feel tempted to buy a set of lederhosen and then permanently settle in Austria where you will slowly but happily die from obesity.


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 various social media waterholes below.
  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    Where is Austria? somewhere in between Italy and Germany.

    a place where Patton & the Seventh Army did unspeakable things I assume.

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

    I’m going to put the VIX buy signal several notches lower than Elliot wave, FWIW.

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

    If you ever get out to Indio, have a look see at the museum.

    http://www.letsgoseeit.com/index/county/rvr/indio/loc01/patton.htm

  • ridingwaves

    Patton most likely saved your ass from being a caged gerb, best not to become a sheeple, please don’t tear down his statue ok..

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

    SPX sentiment, it’s hard to see the weekly upside.
    and the reach down for the next rung?, is rarely (if never) stopped at.

    http://stockcharts.com/h-sc/ui?s=%24BPSPX&p=W&yr=2&mn=0&dy=0&id=p25553354469
    -GG

  • BobbyLow

    Patton did what he had to do.

    I can’t help but notice your jab at the statue controversy to which I’ll say I’m a white yankee living in the south and don’t give a rats ass about these statues one way or another. However, I am open minded enough to think that if I were black and decended from slaves, I might look at this situation a lot differently.

    Another thing is that the decision to take down the statue in Charlottesville, was made by the local city council and not the Federal Government.

  • Julie

    Hi BL I live in MT and do not give a rat’s butt either. One thing the pyramids were built by slaves too What’.s next tear down the pyramids….. I will fly to Egypt to see that …..
    JULIE

  • ridingwaves

    Isis and Taliban removed statues in their Daesh, Now a bunch of folks whom have never known slavery or been around anyone whom has been a slave owner are now effectively doing the same, a Daesh created by lemmings listening to the mostly BS news. 1984 comes to mind here and playing out as written by Orwell.

    Every record has been destroyed or falsified, every book rewritten, every picture has been repainted, every statue and street building has been renamed, every date has been altered. And the process is continuing day by day and minute by minute. History has stopped. Nothing exists except an endless present in which the Party is always right.”
    ? George Orwell, 1984

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

    Yeah right. We don’t need a stinkin democracy. And we don’t need 3 branches of government. All we need is our narcissitic president to just sling bullshit from the hip. Talk about lemmings.

    Regarding the news, if it’s not favorable news about Trump it has to be fake news. LMAO

    RW, I respect you too much to get into another toe to toe verbal battle about this asshole. You like him and I dont. I hope we can leave it at that.

  • Grant

    Re-Test has arrived. Vix buy shake out…. Market going to explode higer into next year!

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

    Bears showing some teeth today:)

  • ridingwaves

    BL you have it wrong, I didn’t say I like him. I didn’t say anything about democracy, which left America long ago, Corpocracy comes to mind. What exactly is the news? That a democratic mayor and democratic state provided a permit for a protest about removing a statue of what democrats created while allowing other hate groups to protest them opposite without a permit and ordering a stand down by the police? Trump didn’t do anything in that city this weekend. Where was Obama when BLM, Antifa and black panthers were all about killing police officers, destroying business and people lives. All I see is BS reporting appealing to a bunch of sheeple whom have little idea about how the system works.

    What I see is a narrow brush is being used to paint everyone whom voted for Trump as racist. I was on a flight last night, the only time I heard the N word was when the black man sitting 2 seats away on same aisle used it 15 times on the phone talking to his friend while waiting for us to pull into gate. I haven’t seen one person complain about the black man whom sold his own people into slavery. That is how it began. Plus every race has been enslaved. I’m calling up Teresa May to make sure they get rid of all of Edward Longshanks statues and markers. He enslaved and murdered many of my kin….

    I respect you also BL, I’m not here to argue but I have to say that everyone needs to think about this.

    What lies before us and what lies behind us are only tiny matters to what lies within us.

    Trying to change history be it bad or good is not something that should take place. Teach off it but don’t appease one side while condemning the other. The media is part of the corpocracy.

    funny I agree that Trump is an asshole, but that has been pretty much a common theme for presidents lately.

  • Mark Shinnick

    This makes sense. Maybe a extended slide begins with slow dribble not too alarming; its how thing used to go, and then accelerated.

  • OzarkHillBilly

    Yes, best to leave these politics aside here. I could add some nuance or another viewpoint, but I don’t want to digress from the purpose of Evil Speculator very much. Look at how the comment section went downhill at ibankcoin. Having said that, I do enjoy hearing everyone’s opinion, if politely stated. I believe we are possibly headed for years of political/social turmoil, regardless. Won’t really matter much who is to blame at this point; it’s more important to prepare oneself.

  • Ronebadger

    Where does it say that?

  • Julie

    OZHB Have any trades on ? …. I bot a small position USO this a.m looking for an oversold bounce
    JULIE

  • Grant

    Vix buy signal.

  • BobbyLow

    Still might be a tease. :) We’re about 1.5% off of the all time highs. I remember when in order to be even called a correction there needed to be at least a 5% reduction. But QE threw that out on its ear. Maybe this move has some legs but we’ll see what happens.

  • HD

    $SPX 2442. Interesting spot, rising S has held all year.

  • Julie

    Mark checkout GDX … Today’s high and low two level 3’s on the money 23.26 and 22.95
    JULIE

  • Ronebadger

    Typically, on the VIX buy signal spike, we don’t have VIX days like this…typically

  • Ronebadger

    I have a rule – Never hold UVXY overnight…I could sell 50 whole shares before the close yesterday….OOOPS….

  • Grant

    Since everyone knows about it, there will be a shake out of the weak hands.

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

    Zero showing absolutely all that we need to know to trade this day… nothing else to look at. I personally like to put it next to NDX & VXN as well for early divergences. These days are particularly fun when they get going….

  • http://evilspeculator.com Sir Mole III

    <>

  • Mark Shinnick

    Yes, that signal has worked but remember that signals may work more often than not…but not always. It would be an excellent trap.

  • Brishort
  • StockTalker

    Have to start somewhere BL:)

  • http://evilspeculator.com Sir Mole III

    Yes, actually I should have mentioned this in my post. I thought about this one this morning and then remembered that IF IT FAILS it’s extremely bearish. So this one could have legs potentially 😉

  • Brishort

    P.S. I am getting rusty at posting images!!! Anyone, is there an easy way with Jing to just get the image showing like Mole did below? Instead of the Screencast link I just did above.

  • Julie

    Doing fine Mole bot a small position USO this a.m looking for an oversold bounce.
    JULIE

  • OzarkHillBilly

    Well I’m obviously wishing I had gone short when I thought about it yesterday. I am also looking for an oversold (short term) bounce, but so far I’m glad that I’ve been patient today. No positions at this point but I’m watching closely to see what develops.

  • Brishort
  • OzarkHillBilly

    Better to be wishing you were in than wishing you were out. No positions at this time.

  • Julie

    Looking at this pullback GDX for a long entry. Gonna watch 22.88 — 22.82 If 22.82 is broken to the downside then approx. 22.61
    JULIE

  • OJuice

    For those interested, keep you eye on /CL. Pretty controlled stair step pattern down this week. Rough appearance of a wedge. Could be an opportunity for a long at some point in the next 24-48 market hours.

  • BobbyLow

    No problems RW.

    As usual, I can agree with a lot of what you said and some not so much. But if everyone agreed with each other all the time about everything it would be strange indeed. :)

    One of my best friends in NC was born and raised here and has a large Confederate Flag pasted on the back wall of his garage. He knows that some of my views are not aligned with his and some of his views are not aligned with mine. After living here for 10 Years, I have a better understanding of why he thinks the way he does and vice versa. This kind of understanding is probably as good as it’s going to get and that’s OK. We joke about this all the time and have a genuine respect for each other. I wish that there was a lot more of this kind of mutual regard to go around.

  • Brishort

    https://www.screencast.com/t/UEZPynyNh
    Mole, Re copper: by the way I would tend to disagree on any long. Copper feels much more at an extremely significant resistance on the weekly than anything else. 3 will not be overcome on the first attempt, and there is no way telling if it could even exceed if. I would be very careful with any long on any metal actually right now, even from a short term trading perspective.

  • Julie

    OJ I bot a small position USO this a.m looking for an oversold bounce … so far in the money. Positive divergence 60 min chart MACD and RSI Bot the bounce down to 9.54 on the button which is the weekly 8 conversion line. 9.48 is the 50% retracement
    JULIE

  • http://evilspeculator.com Sir Mole III

    FUCK!! Terrorist attack in Barcelona, Spain – on Las Ramblas which is a huge shopping promenade in the heart of BC. Just last weekend three Chechens kicked a young Italian to death near Barcelona as well.

    Things are getting dicy here in Spain. Julie – know a good spot in Montana for the old Mole 😉

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

    Like that everywhere bro.

  • Ronebadger

    I’m going to be in Valier in a few weeks…I’ll let you know. About 1.5 hours from Canada in case things crap out in US

  • Brishort

    https://uploads.disquscdn.com/images/59371a3e53ab6ebd5f2b88c80193eb6014fcd46fbf2a1684e577527668fb8ec8.png IMHO, I would be very careful on any oil bounce, looks much more like a LKGB set-up to the previous trendline… 6 hours chart enclosed

  • http://evilspeculator.com Sir Mole III

    Not in flyover country just yet.

  • Julie

    Yup Missoula or Bozeman Chief !
    JULIE

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

    Watching like a hawk with a tite stop . I do not like the decreasing volume on the 60 min. Could fail at 9.68 which is 60 min baseline and intersection of a downtrend line Brishort I use parameters 8,21, 55
    60 min chart JULIE https://uploads.disquscdn.com/images/7e73d5f7dd1b3b67e57bb47c606d6a9a3a78204852a7fb31540c4a00a3da7e74.jpg rt

  • http://evilspeculator.com Sir Mole III

    http://www.elmundo.es/cataluna/2017/08/17/5995d32d468aeb0d4c8b45b7.html

    That asshole used to live in France but recently came to Spain to kill infidels it seems.

  • BobbyLow

    When you lived in CA, I can imagine the time zone might have been difficult for NYSE hours. What about the east coast? You don’t have to go too far south to avoid really bad winters.

  • ridingwaves

    It won’t happen in Montana, they got some guns and folks that no how to use them..

  • ridingwaves

    I like Helena…and anywhere in between bozeman and billings, bozeman to helena

  • OJuice

    My eyes!

  • Julie

    Helena is nice too A lot of recreation and outdoor activities …… The Unibomber’s cabin was in Lincoln MT … Just northwest of Helena. A very good friend’s family home was adjacent to his ! Unbelievable as they seldom saw T K . He would ride a bike around and go to a small library in Lincoln almost daily and kept to himself.
    JULIE

  • Julie

    RW Wyoming too !
    JULIE

  • ridingwaves

    trust me BL, I’m not a fan of the system in place and whom is in place today and yesterday. I do think that we will never see a non politician as president after this. The elites are scared, you can feel it. Distractions are going to become a lot more common is my guess. Looting of the average american citizen no matter the color underneath these distractions will continue in earnest. this 2 party system is perfect for looting…bankers love it…

  • Brishort

    Hello Julie!!! If you allow me a recommendations: Oil being a global product traded 24h, IMHO you must have a chart that is 24h. You are missing too many subtleties of the international movements, excesses, etc if you only follow the NY time zone with USO. On the following chart, the two lows (red arrows) to make the trendline were outside normal hours. You would therefore have a different blue line on your own chart I think.

  • StockTalker

    Crooks are there robbing, you just do not see it yet.

  • Brishort
  • Brishort

    And how your same chart looks on mine but with full 24H pricing session on the hourly https://uploads.disquscdn.com/images/22c9ce702340f3427673eec9414cd8339904874bf4e015085cbd77ad3c16c476.png

  • http://evilspeculator.com Sir Mole III

    More updates regarding the attack:

    https://politica.elpais.com/politica/2017/08/17/actualidad/1502984144_099524.html?autoplay=1
    (in Spanish – en español)

    At least 13 dead. The white van driven by the attackers drove about 530 meters along Las Ramblas (about 580 yards – about four 1/2 football fields). 64 people are being treated thus far. Bystanders are currently being evacuated (not that anyone would stick around). Terrorist warning is in effect. Apparently there were two attacker, both Moroccan nationals who came from France.

  • Julie

    The most wanted person in the U.S. living next door to you for 17 yrs. WHAT THE F#$% !
    JULIE

  • Brishort

    BobbyLow !!!!! always nice to see you around!! Are you still trading the black gold?

  • http://evilspeculator.com Sir Mole III

    Yeah, W. Coast was really tough. I hate to say this but I don’t really care this much for the East Coast. Too much rain!! I’m very much a nature boy. Yes, I know there’s a ton of beautiful nature in NY State, Tennessee, Louisiana, etc. but how could it compare with Montana, Wyoming, etc.? 😉

    But yes the timezone would be better on the East :-/

  • http://evilspeculator.com Sir Mole III

    Hey, is that cabin available? Smack a satellite dish on top of it and we’ve got ourselves a make shift evil lair.

  • BobbyLow

    I used to think the same way Brishort but then I realized that on any time frame other than the Daily, I was charting a vehicle that traded 24 hours but was trading UCO or USO etc. that traded 9:30 AM to 4 PM. Therefore, I adjusted my strategy/approach to be in sync with the actual hours I can trade. I don’t know if this can make sense to anyone else but me but this is what I do.

    I use the same approach with Gold. I used to chart /GC but this also trades 24 Hours per day. So I now chart GLD because it trades 9:30 to 4 just like I do.

    There will always be a problem with overnight gaps but I found that regardless what I charted it wouldn’t make any difference to my exposure because I wasn’t trading /CL or /GC and have the option of getting stopped out during the night.

  • ridingwaves

    RIP to the victims and praying for the injured….
    Innocent folks caught in some twisted religious ideology…
    this sucks..

  • Mary
  • BobbyLow

    Hi Brishort great to see you back as well.

    I’ve been trading the Yellow Stuff as of late. Black gold went into an extended quasi shitty period for me where price action got pretty whacky. So I jumped from the frying pan into the fire with gold miners and then eventually went into gold. That’s not to say that I won’t go back to black gold or the miners at any given time but for now I’m dating gold. :)

  • StockTalker

    Bet they have more guns in suburban cities now.

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

    You’re shittin’me
    😉

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

    back from lunch, S&P -28 points?

    https://www.youtube.com/watch?v=ejorQVy3m8E

  • BobbyLow

    There was also some links on this website to articles on how to turn peanut butter into diamonds. Wow! I didn’t know this was possible. :)

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

    Yeah…unwinding with no particular panic….just relatively steady slopes.

  • Ronebadger

    There are a number of companies that do this …

    http://www.lifegem.com/

  • CandleStickEmUpper

    I like having 4 seasons. Keeps life exciting instead of same old boring scenery of CA

  • Julie

    SPX Does not hold here upper blue horizontal line then perhaps lower blue line which is gap fill and close to intersection of lower parallel channel line SPX 60 min chart 60 min chart oversold. Just saying .. https://uploads.disquscdn.com/images/96969d7994d03ceae400a9b653ee1f21b0964b1db13a826e88cd08fa8ac757d7.jpg
    JULIE

  • StockTalker

    Been short and holding my nose:)

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

    Well, like I said to Nyquilhammer the other day.
    55, and it’s time for some serious consideration.

    [$NDX]
    http://stockcharts.com/h-sc/ui?s=%24NDX&p=D&yr=2&mn=0&dy=0&id=p39214854266
    -GG

  • Julie

    Great trade Stalktalker
    JULIE

  • Julie

    SPX daily chart Gap fill is approx. with the 89 ema and 2400 support will intersect the rising 144 emaJULIE https://uploads.disquscdn.com/images/c6fe3da6a2b901e9d3c7fff80c2ecba088f76c4beb8eaf501b651b60e3c98a85.jpg

  • Julie

    Mole and Everyone I am going on vacation commencing tomorrow for 2 weeks ….. Be back in 2 weeks Everyone be safe . Thanks Mole and Everyone !
    JULIE

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

    Have a great time.
    Don’t bother with the solar eclipse photos, they’re all over the NET.
    😉

  • Julie

    GG Thanks for everything !
    JULIE

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

    …might just be perfect timing….never seems to fail for me at turning points :)

  • BobbyLow

    Have a good time Julie and remember that the market will still be here when you get back. :)

  • Julie

    Mark GDX Watch the Levels. Watch 23.40 level 2 and 22 82 Level 2 Today’s high 23 .26 and low 22.95 were level 3. A failure at 23.40 and resistance 23.46 IMO would be a short and below 22.82
    JULIE

  • Julie

    Thanks BL!
    JULIE

  • HD

    that 13 EMA weekly broke, first time this year! Quantifying the B wave talked about last week that would be max 3 days.

  • OzarkHillBilly

    And probably better, after Labor Day.

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

    For any of you energy fans, you might want to see this one.
    it’s a little old, but you get the picture.

    no falling knives for me, not yet! he he.
    Have a Good evening.

    https://uploads.disquscdn.com/images/2154f934cf84271c097c77b047036e6d2a88d7b08946b40a9f2b4a71facc9ae3.png
    -GG

  • http://evilspeculator.com Sir Mole III

    Enjoy! I hope you’re not going to Europe 😉

  • http://evilspeculator.com Sir Mole III

    Doesn’t help them now. Better border controls may have done the trick, but that’s not politically viable anymore these days.

  • http://evilspeculator.com Sir Mole III

    Ha! 80 degrees nine months of the year, does NOT get boring. Especially when I was swimming in the pool while you guys were scraping ice off of your windshields.

  • Julie

    No we will be at our MT home and at Custer’s Last Stand for the eclipse. Currently working in Beaverton OR a suburb west of Portland . We have a 2nd home in Aloha OR adjacent to Beaverton
    JULIE

  • http://evilspeculator.com Sir Mole III

    “Now a bunch of folks whom have never known slavery or been around anyone whom has been a slave owner are now effectively doing the same”

    THIS ^^^^

  • http://evilspeculator.com Sir Mole III

    That’s the sad state of Western civilization (U.S. and Europe) – people have been so polarized that they are unable to engage in political dialog. And you all know what usually follows next. But alas, not that anyone is going to listen, this shit will have to play out. With a bit of luck I’ll be long dead when shit truly hits the fan. Après nous, le déluge!

  • http://evilspeculator.com Sir Mole III

    Sounds like you’re off to a great summer vacation. ENJOY

  • http://evilspeculator.com Sir Mole III

    GG – with Julie gone you will have to pick up the slack here, sorry.

  • Ronebadger

    uuuhhh, Trend Day… AND, if the VIX stays where it is right now (15.51), then we have negated the VIX “Bye” Signal… we will back to Step One, above the BB.

  • OzarkHillBilly

    I love the smell of capitulation closes, on Thursday afternoons, before monthly options expirations.

  • Mary

    I think the SHTF will happen sooner than you think and be over rather quickly. It will be messy.

  • ridingwaves

    well, this was bound to happen, most likely their are 1000 or more sleepers whom entered thanks to some agenda…

    getting more and more like the movie
    Children of a lesser god without birthing issue…

  • CandleStickEmUpper

    Lol ok ok, the sub freezing temperature days do suck sometimes. But were ahead in coat fashion.

  • Mary

    It amazes me how the people that want border control are currently vilified.

    Have you noticed the subtle shift in the media against ‘nationalists’?

    The current battle is not between left and right. It is nationalists vs globalists.

  • Julie

    GDX A quick nimble short listed below in a reply to Mark Then a pullback t0 22.68 very strong support level and a level 3. Other supports for a pullback are 22.64 and 22.61. The technicals look good with the 5 – 21 and 55 ema’s in a bullish alignment and price above the 233 ema. Three things to watch and be aware of which are bearish for the gold miners (1)’$BPGDM has a negative crossover (2) $GDXADP 50 sma below 0(3) $GDXUDP 50 sma.is below0
    JULIE https://uploads.disquscdn.com/images/dd3898a8ce633faf339271efd4834793c152f57a9a1ed8928dcc4b78e3220032.jpg https://uploads.disquscdn.com/images/9931e7657abddb96a8768ee1664943c4a3b9179232be8ea29bac379cf4a4c4ae.jpg https://uploads.disquscdn.com/images/ceb5933f25d314e1da271e3f729107891e1a247adec7b2cdcc2fe626dd27f4e7.jpg

  • Julie

    I had to edit …$GDXADP and $GDXUDP 50 sma’s are below 0 which is considered bearish
    JULIE

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

    Thursday have been such big movers this year, or at least it *feels* that way.
    If I was a quant, I would hunt that rabbit down.
    But not today.

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

    Son of a B!@#
    I knew it was too good to be true.

    Bikini photos on the rise, don’t go far guys.

  • ridingwaves

    they just filled that gap after hours…
    ridingwaves Sir Mole III 7 days ago
    still an outside chance for MM’s to hurt more folks with run to 242.40 area but it will need some heavy lifting from Kim vs Trump
    in bears favor, earnings season is winding down

  • Ronebadger

    Yup, back to VIX Step One

  • Mark Shinnick

    I went short miners near the close. Holding short from earlier fas, qqqq, sds, sdow.

  • Mark Shinnick

    …but it seems only a modest unwinding of most of the day’s typical slope. If its for real, maybe even volatility can be held in check with this relatively modest slope, perhaps only accelerating near a support objective.

  • OzarkHillBilly

    You’re right, it’s not exactly capitulation, but rather wishful thinking on my part. The acceleration is something to be aware of.

  • Mark Shinnick

    Stopped out of miners…important because things like that tend to happen at turning points.

  • Mark Shinnick

    Should tvix remain supported here it should eventually launch out pretty well, otherwise this move fails to raise volatility beyond the other day. It may be the character of thies broader move in equities, volatility does no have to rise much.

  • bravenewworld2011

    Volatility expectations 2 months out is less while SPX makes a new low. Near the bottom? I’d like to see SPX touch 2417 first.

  • HD

    pretty clean looking ABC from 2491, C=A 2422. Any OPEX dip buyers?

  • Mark Shinnick

    Mostly scaled-out of shorts.

  • Mark Shinnick

    Should this be the real deal, the BTFD crowd should be helpful in providing another reentry opportunity.

  • HD

    they gave 2 chances to buy 2422. Have a good weekend.