Now Reading
3K Mark Remains Out Of Reach
154

3K Mark Remains Out Of Reach

by The MoleJuly 8, 2019

Week #27 certainly lived up to its statistical promise and painted a positive week. But unfortunately it failed in delivering us the long coveted 3000 mark on the S&P 500. Which now may remain out of reach for the foreseeable future as the summer vacation season between July and August isn’t exactly famous for racking up record highs in equities.

The all time high thus far sits at SPX 2995.84 – less than 5 handles below SPX 3000. Consider for a moment the bearish sentiment that prevailed only a few weeks ago in early June. We’ve come a long way since then but as I pointed out last week, for various reasons investor sentiment continues to hate this rally.

Well if you’re feeling bearish then this may make you feel better. The next two months are pretty rough turf for equities. First we’ll have to make it through the low participation summer churn, which is followed by what is widely perceived as a bearish August.

The thing with August however is that it’s actually not that bad of a month. If you compare the up vs. the down months then you get to 16 versus 9.

Compare that to July, which stands at 14 to 11, thus actually more bearish on a percentage basis.

So what really ruins it for August is that when it goes bad – it really goes BAD all the way. But on average it actually scores better than July.

Campaign Updates

Crude unfortunately started to get squirrely and ruin what thus far looked like a great little break out campaign. Stop out occurred at 1.5R last week, which ain’t too shabby but I had bigger plans for this one.

The current formation looks interesting but given all that volatility I probably play it easy and wait for a breach > the 100-day SMA before considering a re-entry.

Copper is a goner at break/even and I think I’ll stay away from this one until I see a marked decrease in realized volatility. On a very short term basis however this looks like a perfect swing trading contract – assuming you can get a decent fill.

King Dollar is back on track and I just moved my trail to the 1R mark. If it manages to heave itself above 97.3 then we may in fact have ourselves a little runner here. Until the Fed of course stomps on it again.

As a side note: The EUR/USD looked like it was destined to rip higher a little over week ago but apparently news of Deutsche Bank reorganizing and slashing 20,000 jobs may have thrown a monkey wrench into that one.

Of course this has been a long time coming with reports galore over the years about problems at Deutsche Bank. The one question I have not seen anyone ask however is this:

How can you possibly fail as a primary dealer for the U.S. Federal Reserve?

Talking about being given every possible advantage and still striking out due to excessive greed and corruption. It simply boggles the mind. A fuck-up of this magnitude should be given its proper place in the Guinness Book Of Records.

Before I let you run, here’s a juicy setup:

evil_separator

It's not too late - learn how to consistently bank coin without news, drama, and all the misinformation. If you are interested in becoming a subscriber then don't waste time and sign up here. The Zero indicator service also offers access to all Gold posts, so you actually get double the bang for your buck.

Please login or subscribe here to see the remainder of this post.

SHAMELESS PLUG

In case you missed it last week: I am delighted to announce the official release of my Price Action Masterclass which represents a cumulative six months effort to produce a comprehensive tutorial on reading and understanding price action without the use of superfluous indicators.

This extensive series covers everything I have learned in nearly 20 years of interpreting price action for my own discretionary setups. You know, the same ones I have been posting on this very blog almost every single day since late 2008.

Please go and watch the first episode of my Price Action Masterclass which is accessible for FREE as a little appetizer. I am pretty confident it will entice you to go and buy the whole series which I am making available to my core audience here at Evil Speculator at an insane introductory never-to-be-seen-again low price of only $97.

Once Tony and I launch Red Pill Quants it will only be available at the regular retail price of $297. Meaning you are getting it for less than 1/3rd of the official price!

So don’t waste any time and buy the entire series right now while it is available at a highly discounted price.


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

  • https://www.linkedin.com/in/george-tyrakis-fia-79007226 Georgios Tyrakis

    Clearly 3K is a psychological barrier – I’m curious Mole, has anyone done work on price action around nice round levels like 1k, 2k, etc?

  • http://iberianviews.blogspot.com/ catracho

    I think the markets have been very contrary – new highs probably in the summer – just to go against the seasonality !

  • http://iberianviews.blogspot.com/ catracho

    Also maybe some switch out of US into Europe..

  • Ronebadger
  • evilasevildoes

    amzn jumped 13 but waiting for mid morning reversal

  • evilasevildoes

    gold intersting

  • HD

    Many traders do round numbers.

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

    I have not seen any pertinent statistics but I do believe that they are being observed. Mainly because market participants do consider them as milestones, similar to commonly posted SMAs (e.g. the 50 or the 200).

  • HD

    This week is all about getting back in sync w SPX, trading uncharted prices is a pain. We do have summer rally TL and a few data points looking left now.
    https://uploads.disquscdn.com/images/c72e55b1f8601125a82733c32e30936bdb61ca4497030a1de5c54232842f87ee.png

  • BobbyLow

    We have 2 Days of Congressional Testimony from Fed Chair Powell on Weds and Thurs that could mess up intra day price action. It’s all about what he says about interest rates going forward . The institutions are addicted to free money.

    Edit: https://www.forexfactory.com/calendar.php

  • Julie 35 – 25 – 36

    Hi Chief Mad Max cabin Reasonably priced in beautiful area
    JULIE

  • ridingwaves

    The institutiions are addicted to free money, so are us commoners now…..the IV is permanent until it flat lines…

  • Julie 35 – 25 – 36

    BL How many times a year does the Fed Chair address Congress ?
    JULIE

  • BKXtoZERO

    short crude via DWT 6.46

  • ridingwaves

    BTC is in perfect place for gamblers…but with another city having to pay malware-hacker ransom via Bitcoin, Its days are numbered….

  • Julie 35 – 25 – 36

    Watching the same trend line
    JULIE

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

    I like the lower green line, with the LKG…we’ll see…

  • Julie 35 – 25 – 36

    RB IMO The key is Asia next trading session. The Buffalo Bill Center in Cody really cool
    JULIE

  • BKXtoZERO

    welcome back Julie!

  • Julie 35 – 25 – 36

    Thanks BK I too have oil on radar.
    JULIE

  • BobbyLow

    I don’t know for sure Julie but I don’t think it’s more than once or twice per year.

  • BobbyLow

    Saw a piece about a new lending wave for people to finance their weddings. Young people are able to do the financing themselves. Can you imagine a young couple of average means borrowing $25K for their wedding? What a way to start out.

    Debt is the way. Just borrow baby. . .

  • Julie 35 – 25 – 36

    Talk about an enigma . The Fed Reserve is a private corporation and not a government entity. Who are they as once I tried to find out and total obfuscation. Their 100 year old charter was up in 2013 and Congress passed their renewal with hardly any fanfare or attention. Hardly a word in the media or press Who in the Hell are they ?
    JULIE

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

    I can almost guarantee you they wear robes and masks.
    😉

    https://www.indiewire.com/wp-content/uploads/2019/06/Eyes-Wide-Shut-2.jpg?w=780

  • Julie 35 – 25 – 36

    GG If the Fed can print money out of thin air why can’t I ? Tomorrow a printing press on order and will setup in garage.!00’s and 20’s coming up
    JULIE

  • BobbyLow

    Welcome back Julie. 🙂

    We camped in Cody a few years ago and rode our motorcycle to Yellowstone a couple days in a row. We’ll never forget the 50 Mile ride to the Yellowstone entrance. Yellowstone was totally awesome and a great expericence but the ride to and from Cody was even better.

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

    oh but you CAN.
    just issue all the put or calls that you desire!!
    one caveat. make (damned) sure you can buy them back cheaper.
    OR ELSE.
    😉

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

    I was at SeaWorld, lunch for family cost $100.
    damned if the cashier didn’t spot it. “is that an old 100”?

    (why , yes, I suppose pre-2013 does make it OLD, LOL)

  • Ronebadger

    you Get me…

  • Julie 35 – 25 – 36

    Thank You RB A ride over Beartooth Pass @ 11.000 feet would be awesome too.Now open but we did not go over.
    JULIE

  • Julie 35 – 25 – 36

    RB and guys. The Snowy Range Scenic Byway in southern Wyoming is a beautiful trip also You are up almost 11,000 feet there also.Medicine Bow National Forest.Definitely a must only open several months in summer like Beartooth Pass MT – WY border
    JULIE

  • BobbyLow

    We rode Beartooth Pass over to Red Lodge. The year we were there the area had a lot of wild fires going on. The ride was a little smoky but still great. Had lunch at Red Lodge. Lots of bikes there.

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

    It’s been tough sledding to gain any sustained traction since the 9:30 Open.

  • http://gerb-reloaded.blogspot.com gold_gerb
  • evilasevildoes

    wow awesome Julie!

  • evilasevildoes

    you posting from there?

    thin air?

  • Julie 35 – 25 – 36

    RB In the 70’s Red Lodge was the site of a famous trial. The Red Lodge 5 who were Vietnam protesters.A class I had at U of O detailed the trial I was too young at the time to know anything about it
    JULIE

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

    you have *no* idea.

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

    Deutch Bank.
    this is when you know, you’ve got it dialed in correctly.

    https://uploads.disquscdn.com/images/fba40c3ccb52c7cf30b44d6506f4ca399d47151ee6a62beb5e95b272a652d42a.png
    *I have no current position.

  • https://evilspeculator.com Sir Mole III

    That thing is crazy. Cool location though as you’re half an hour away from Yellowstone.

  • ridingwaves

    SOLY is on fire, just how many women who have had kids want to erase celluite, tattoo removal in the cards…..

    broke out to 29, sold private placement at 14, has fda approval……16.74 and counting, could it run back to 30

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

    in response to Julie’s FED question about the charter.
    https://www.federalreserve.gov/faqs/is-the-federal-reserve-act-going-to-expire.htm

    “blondes can’t Google. will you help a blonde today?”

  • https://evilspeculator.com Sir Mole III

    “Who in the Hell are they?”

    They are the ones who wield true power, Julie. Seriously guys – I don’t think most people have no concept of the amount of old money that’s out there, hidden in plain sight. We are talking about Trillions being controlled by a handful of families.

    You can be upset about it and call it unfair. But if our great-great-great-granddad would have had half the moxie of that of the Rothschilds or the Rockefellers, we wouldn’t have to fucking work for a living today.

    People simply don’t understand the concept of inheritance and compounding. Which is something the elites understand extremely well and teach it to their progeny early on. It’s the running start that guarantees you a life of privilege while the rubes get to work for a living.

  • Julie 35 – 25 – 36

    Hi Chief I believe it was Thomas Jefferson who admonished to not let the banks have unbridled power ? / Thanks for the post Chief as it should be an eye opener
    JULIE

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

    and if I may add. some Governments have more money than they will admit.
    Budgets are talked about 100% of the time in public.
    But long term assets, now that’s the hidden deal. Here is a good link on the UK perspective. TLDR; governments have money.

    https://realitybloger.wordpress.com/tag/how-to-find-annual-financial-statement/

  • Nooneimportant

    you my friend are misinformed, you cant stop btc…..no one can…….in ten years when you wish you would have had a better thought to buy just a little….if you had any idea about how btc works you would have bought some years ago “its days are numbered” you my friend are ignorant in this statement

  • Julie 35 – 25 – 36

    Taking profits ADP Cyd pulled the trigger for me off the 89 ema. On the fence SPX today going to wait for the close
    JULIE https://uploads.disquscdn.com/images/32659d804c825f5c089be2edfb4db3d66cea81cfa68d25489d1f767323f62876.png

  • Julie 35 – 25 – 36

    SPX If we short this we need a target Initial target 2924 ? Anyone with additional ?
    JULIE

  • BobbyLow

    It’s always OK to voice opposing views on stocks or other financial instruments but it’s not OK to call someone ignorant.

    RW is more than capable to take care of himself but you need to know that we try to be as respectful of other peoples opinions as we can even if we don’t agree with them.

  • ridingwaves

    thanks for your lesson in nothingness….I get BTC more than you think, I ‘m in the Fintech space you sheep…I could care less about your blather….

  • ridingwaves

    Thanks BL, I’m old, thick skinned, damn sun and surf, heck throw me in with the surf and turf…

    no worries, I was pointing out that the feds will not take kindly to cities being held ransom and cartels-mafia etc using it as their go to currency

    I like the technology behind it as it will revolutionize some sectors especially F and I…

  • BobbyLow

    Mole,

    I’m sure you’ve noticed that some time ago Diqus tried to improve their system by condensing threads that have 3 or more replies. That in itself is not a problem but what is annoying about this is once a thread gets condensed there are no more notifications that there are new comments in the thread. On some of the longer threads (that are the most interesting) we have to keep opening more and more condensed “(Show more replies”) just to find more new replies. It’s kind of like a treasure hunt. A few weeks ago I found a thread on this subject by Disqus and I think only 1 person out of a hundred like this new format. Is there anyone that you can communicate with in Disqus to let them know how much this new format sucks?

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

    Agree with you regarding the Fed.

    KInd of reminds me of Gold Bugs of years past. I often think of an old trading friend who quit the equity markets and was so convinced that Gold was going to the moon and beyond that he put everything he had into it. This was a few years ago when Gold was approaching $2,000 an ounce. . .

  • BKXtoZERO

    I am waiting in FED meeting Wednesday….kind of expecting another weak high. Already holding some tvix from lows. I had a bunch that I left on by accident pre holiday but it worked out well. Holding.

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

    scalped 1.80….waiting for reaction from folks who are now even when it hits `8.70, it pushes thru there and katy bar the door

  • Julie 35 – 25 – 36

    BK I am sure you are not the Lone Ranger in that regard. I have done that too Now I keep a journal and log
    JULIE

  • BKXtoZERO

    DRV….Amazing when these 3X ETFs reverse split…the chart adjusts backward. In olden times Monks had to divide each day by longhand and recreate the charts :

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

    just allows REIT investment arms to short it more….PE and Hedgies are probably on the dial out list for most REIT fund managers or CFO’s to ring up for more shorting….

    I think you might get some action if Fed holds steady or just 1/4 pt interest. REITS are definitely affected by fed rates on capex calculations…

  • BKXtoZERO

    So then it is about time. Great!

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

    yeah, just watch out for a grind, like in late March/April.

  • https://evilspeculator.com Sir Mole III

    Yeah it sucks but I have been so swamped with editing my System Building Course that I can’t spend much time on anything else. IF you can find out if there is some setting in disqus admin then I’d be happy to help out.

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

    I searched all around to see if there was a way for me to contact them about this issue but I kept running into blank walls. However, I did find the orginal comment thread about this change from 3 months ago (that they have sinced closed). Apparently some asshole thinks it’s a still a great idea to shove this feature down everybody’s throat without the option of opting out even though probably over 90 percent of users hate it. I don’t know what more I can do.

    https://blog.disqus.com/introducing-collapsed-replies?utm_source=motd_home&utm_medium=web

  • ridingwaves

    once the engineer said move ahead, programmers forgot about opt outs and opt in buttons…….its final…..hard to get change from a system like this with so many users and message boards embedded….

  • BobbyLow

    The biggest problem was that it wasn’t broke but they fixed it anyway.

  • BKXtoZERO

    Julie….I am watching some Montana BigSky girls volleyball at the Indian restaurant. Cute gals and they look pretty tough.

  • ridingwaves

    that is how software jobs are kept……I can’t tell you about all the SAAS UI changes that rendered working software as rudderless…..got to keep those highly paid folks busy

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

    I’d chime in. SAP is rather UI-less. and even those Germans can’t get it straight. A swiss watch with never ending software updates.
    Sooo glad I’m out of that sector.

  • Julie 35 – 25 – 36

    I am sure you wish it was beach volleyball BK lol
    JULIE

  • BKXtoZERO

    The shorts are already pretty short..any shorter and they would be a reverse ETF

  • Julie 35 – 25 – 36

    I play volleyball and softball. Cyd plays lacrosse and softball. Were on the same softball team. Second base is my position and Cyd outfield
    JULIE

  • BKXtoZERO
  • Darkthirty

    Symmetry on correction initial target is 2965

  • Darkthirty

    Weren’t they laundering $ for el chapo?

  • Julie 35 – 25 – 36

    Grizzlies are UM in Missoula Bobcats are MSU in Bozeman.Then of course Lumberjacks are NAU in Flagstaff.AZ NAU plays MSU in football this year in Bozeman. We will be at the game September 28 Go Bobcats !
    JULIE

  • Julie 35 – 25 – 36

    GG’s team NAU Lumberjacks Go Bobcats
    JULIE

  • http://gerb-reloaded.blogspot.com gold_gerb
  • BKXtoZERO

    That is why both teams have such cute gals….they are both from Montana

  • Nooneimportant

    It’s obvious your old, you think btc can be stopped by the feds…tell that to the 288,000 transactions that happen daily on the chain…

  • Julie 35 – 25 – 36

    One year Playboy Magazine did a Girls from Montana
    JULIE

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

    All banks launder. Just don’t get caught.

    They will pull Deutche, just like building No. 7.
    and the evidence will be destroyed.

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

    talk about Grand Tetons.
    LOL.

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

    Bzzzt.
    Times up.

  • Julie 35 – 25 – 36
  • Julie 35 – 25 – 36

    D30 I have 3015 which is 1.272 extension if higher
    JULIE

  • Julie 35 – 25 – 36

    EDIT 3015 if higher
    JULIE

  • Darkthirty

    A=C@ 2965 Run an ES channel from 6/1

  • Julie 35 – 25 – 36

    On sidelines SPX As our Chief says cash is a position too
    JULIE

  • Julie 35 – 25 – 36

    GG WFC Very possible Cyd has your number @ 48 especially with the rejection today 144 ema It’s going to be your turn for the cheesecake lol
    JULIE https://uploads.disquscdn.com/images/0fef73b3c53b4e63cec98345bd91e7a612681182d99da92360eda2c66c3f9632.png

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

    oh yee of little faith. now apparently I helped out on some soybean thing (ask Cyd). So I have one crowfree get out of jail card waiting.
    ;-D

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

    preferably in the prone position….right BK?

    https://i.ytimg.com/vi/u5BMl5lZeFg/hqdefault.jpg

  • Julie 35 – 25 – 36

    Hi GG Yee of masterful soybean intellect. We talked about it when I got back and Yes you indeed helped her develop a soybean trading strategy which we will implement. Thank You kind sir.and concerning the get out of jail card No need as you are on top of soybeans.Now what about fertilizer Mosaic MOS Looks like it’s embarking on a run Would the Master suggest buying a pullback? Thanks GG for everything We appreciate very much your acumen
    JULIE

  • Julie 35 – 25 – 36

    GG MOS Up to exactly the holy grail 89 ema and pulling back. Now at the 21 ema This “Jasper” is on our radar Support approx 23
    JULIE https://uploads.disquscdn.com/images/438ceb18872844f7486f045a6b700d579c141a9e05c5c1c9622d9af47217f80e.png

  • Darkthirty

    .Gov doublespeak………

  • Darkthirty

    SDNY was looking to seize the little guy’s assets. Going to have to open a can of worms to do it……

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

    How can I compete against the Holy Grail?!

    MOS is a NYSE stock so my DOW template should work.

    https://uploads.disquscdn.com/images/35e570d1ff77826fe8622ec8ddd12715b45803281c393d3f8c6d1fadf4084f40.png

    a big move was missed today. You should have been on my fibfan email list. LOL. a whisker high in Feb, and 3 lower lows. Beautious!!

    23.33 lower blue line may put up some support.
    -GG

  • Darkthirty

    Maybe Jackson….

  • Darkthirty
  • Julie 35 – 25 – 36

    GG I feel it necessary at this time to digress for a minute and discuss your dilatory response time to reply. Your at times excessive tardiness to reply to pertinent questions must be rectified immediately. There are those of us who are at work and require a specific answer without your gross ill response time.or complete gross negligence Time is of the essence GG This is akin to a man that has had way too much to drink and unable to ….. ! Laughing so hard I am crying
    JULIE

  • Julie 35 – 25 – 36

    My reply is above lol
    JULIE

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

    I told you it was going to be a big week

    dilatory – hey Cyd, add it to the ‘list’. LOL

  • Julie 35 – 25 – 36

    Cyd and her mother and father are having dinner tonight at our home.Her family is great as they are as dear to me as my own.My husband took him fishing today and tomorrow they will be working on a tractor
    JULIE

  • Darkthirty

    1K people allegedly hold 40% of bitcoin, seems not much different than USD?

  • Ronebadger

    Public Service Announcement: VIX Sell Signal Step 3 completed today. Let’s see what happens next…stay tuned…

  • http://gerb-reloaded.blogspot.com gold_gerb
  • Julie 35 – 25 – 36

    GG Natty https://uploads.disquscdn.com/images/5e6d324dbe4442df9f26c752b938c5c602c0a3f2da33a45bc1badcb6afcc2676.png Gas has an up day tomorrow will probably buy some UNG Weekly down to support ; weekly 3 bar reversal candle ; MACD crossing above it’s signal line with PMO bottoming and a Stochs buy signal going above 20 We will see what tomorrow brings
    JULIE

  • Julie 35 – 25 – 36
  • http://gerb-reloaded.blogspot.com gold_gerb

    when you have a chart like that?…..turn on the LOG.

  • BKXtoZERO

    Nice, I have been in and oot…. buying back (I hope)

  • Julie 35 – 25 – 36

    Understood you are correct
    JULIE

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

    natty is heavily correlated with manufacturing.

    not so much heating houses.

  • BKXtoZERO

    I got me some….. always looking to jump on w/ more though

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

    oh, just glanced at the futures.
    ouch.

    https://finviz.com/futures_charts.ashx?t=ES&p=m5

  • Julie 35 – 25 – 36

    GG Cyd wanted to know if you are out of WFC ?
    JULIE

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

    nope.

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

    clinging to a 114 SMA – such is life.

  • Julie 35 – 25 – 36

    Yup It will be interesting PM’s tomorrow
    JULIE

  • Julie 35 – 25 – 36

    GG Copper is on a long term lower trend line . Inflection point
    JULIE

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

    getting ready to touch 2.60

    after that, well – recession of 2020!

    https://finviz.com/futures_charts.ashx?t=HG&p=w1

  • Julie 35 – 25 – 36

    GG I meant support not lower trend line
    JULIE

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

    sorry, I can only remove support with one hand.
    (snort)

  • http://gerb-reloaded.blogspot.com gold_gerb
  • Julie 35 – 25 – 36

    GG The wave overlaps corrective not impulsive. Bonds along with COPPER spell trouble. Banks aren’t doing anything either. I have read some gurus saying the Banks are going to breakout. Sure with the volume KBE
    JULIE

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

    well, let me know how it turns out.

    the dollar weekly did a full HWB reversal, so the whole gold/silver/copper/miners inflation explosion is a fantasy for now.

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

    ps. do not look at platinum. (snicker)

  • Julie 35 – 25 – 36

    GG There isn’t always a negative correlation between the metals and greenback This could be one of them.
    JULIE

  • Julie 35 – 25 – 36
  • http://gerb-reloaded.blogspot.com gold_gerb

    the last 15 months,
    the dollar generally up.
    Commodities (CRB) generally down.

    https://stockcharts.com/h-sc/ui?s=%24CRB&p=W&yr=5&mn=0&dy=0&id=p55425324320

  • Julie 35 – 25 – 36

    Yes when commodities are dropping the worst place to be is energy and materials
    JULIE

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

    2011? oh, yeah that’s when I should have sold my barbaric gold for those silly dollars! (silly me)

  • Julie 35 – 25 – 36

    GG Grizz says that GOLD is pricing in a possible war
    JULIE

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

    can neither deny nor confirm. But I do remember the ‘sudden peace’ of Kim Jong. I mean, WTF? one quarter is B-2 bombers, and the next it’s Kum-Ba-ya!?!?

  • Julie 35 – 25 – 36

    Iran will be Kum-Ba-Ya
    JULIE

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

    ps. I also remember 2014, Russian/Ukrainian conflict. made some money off that peak energy situation. and then, collapse, into 2015.

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

    not sure how. but turn on the headline news. and then trade the OPPOSITE.

    https://miro.medium.com/max/960/1*ziE_Gof9UCAMHXA5WpzVNg.jpeg

  • Julie 35 – 25 – 36

    Iran is messing with the wrong guy. They is gonna find out real quick
    JULIE

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

    one last chart:
    [TLT]
    how far can a run to safety go??

    https://stockcharts.com/h-sc/ui?s=TLT&p=W&yr=5&mn=0&dy=0&id=p75495770918

    Night.

  • Julie 35 – 25 – 36

    Good night GG
    JULIE

  • Scott_CA

    This short article is interesting since WFC has a chart similar to the above.

    https://marketrealist.com/2019/06/banks-reward-shareholders-after-stress-test-results/?utm_source=yahoo&utm_medium=feed&yptr=yahoo

    A back of the envelope calculation shows the banks mentioned in the article are buying back about 10% of their capitalization, ~$100BN, although over a period of time. That might do a little something for their charts.

  • Darkthirty

    That dude is actually supine…..

  • QUANTO

    GBPUSD trade if anyone into fx trading.
    https://quanto.live/2019/07/09/gbpusd-turns-focus-to-1-2310/

  • https://evilspeculator.com Sir Mole III

    I used to love trading cable but with the whole BREXIT trainwreck it’s become nearly impossible.

  • QUANTO

    its basically price action. we dont look at noise of brexit too much.