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Blood In The Streets
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Blood In The Streets

by The MoleFebruary 2, 2018

Time is of essence so if you don’t mind I will dispense with the courtesies and get right to the point. After follow up panic selling early in the morning Bitcoin just dipped below the $8k mark. Which means capitulation has either taken place or we are getting pretty close. We may be a tad to early here but the hourly is offering us a spike low and I just grabbed some BTC/USD with a stop < 7,900.

Caveat

This is an early lottery ticket in anticipation of a snapback as we yet have insufficient data and a medium term low many not yet in place. So place your bets accordingly which means small position sizing. If you don’t have a crypto account you can play the futures – e.g. CFE’s XBT or CME’s BTC.

ETH/USD got caught up in the shuffle but is snapping back hard right now. Way too late to get involved here at this very moment. Of course the fat lady has not sung just yet, which means we may still see a retest of the lows.

I’m not sure if that’s a bad print in Monero (XMR). If not I hope nobody bought that spike. I haven’t seen any other spikes like this one across my top 10 crypto currency watch list.

The entire crypto space continues to be in covariance. Pair trading crypto is the low hanging fruit here and that will be my next project. How many of you would be interested in receiving pertinent signals?

Campaign Update: USD/JPY is now officially on fire and I’m moving my stop to 1R, you may want to consider doing the same.

I was about to write off the long campaign in the DX futures but the old greenback just snapped higher and may just have a bit more mojo in it. However until 89.4 can be cleared we are still in a bearish formation, let’s not fool ourselves.

ZL futures unfortunately returned from whence they came and stopped me out at break/even. No big surprise here as the current floor pattern is still incomplete on a medium term basis. Better luck next time when things have evolved a little.


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

  • Mary

    stocks down …

    bonds down …

    gold down …

    go figure …

  • https://evilspeculator.com Sir Mole III

    WTF is everyone? Too exciting of a morning to sleep in! πŸ™‚

  • https://evilspeculator.com Sir Mole III

    One of those days. But it is desperately needed, as I have pointed out over the past few weeks. Things have gone completely out of control and everyone was chasing the tape higher. In the end the market is a zero sum game, let’s never forget that. Today separates the boys from the men (and yes, the girls from the women).

  • Edgy

    Watched the ES knee-jerk at 8:30, almost scalped a quick trade with finger over the button to buy at 2800, target 2808. Decided to just watch and now it’s back to 2804 from 2810. I got a feeling it’ll get momo’d to 2821 during the day.
    A close below 2802 is a solid red reversal candle on the weekly.

  • Tomcat

    So instead of adding to my Gold short, I had covered my existing position. Go “figure”

  • https://evilspeculator.com Sir Mole III

    That sell off may have more meat in it – don’t pull your trigger prematurely.

  • Tomcat

    Bottom in?

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

    Fantastic graphic.
    I had to pretend it was tomato juice to prevent losing my breakfast!

    BTC 7666 – why not?! sounds good to me.

    http://stockcharts.com/h-sc/ui?s=%24NYXBT&p=D&yr=0&mn=9&dy=0&id=p74231774539

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

    thanks!
    Bitcoin, it’s not a coin, and it’s not golden.

    https://i.ytimg.com/vi/he-U6sK4sC4/maxresdefault.jpg

  • Mark Shinnick

    Always wondered what that looked like.

  • ridingwaves

    someone had a number in 7K area for pivot, Yoda or HD I believe…

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

    I was taught a lot of pioneers threw up on the Frontier.
    πŸ˜‰
    https://disqus.com/home/discussion/evilspeculator/vix_buy_triggered/#comment-3722514714

  • Ian Naugler

    Mike Novogratz tweeted he was a buyer at 8k back when it was like 14k…patience pays off. What. A. Call.

  • HD

    NICE CALL YODA! Viva la fibonacci

    Yoda Mod Sir Mole III β€’ 19 hours ago
    a .618 fib retracement of the entire move up would be my next target for a long

    HD Yoda β€’ 19 hours ago
    $7600?

  • Edgy

    Yes, I’m at least watching for a retest at 2802 or even 2797. It’s a little more ugly today than yesterday, so I might miss it.
    Maybe a good time to watch the cryptos instead? πŸ˜‰

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

    Math GEnius. (1 – 0.618) * $20,000 = $7,640

    free of charge.
    πŸ˜‰

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

    20 TBond’s
    reaching the maximum range, unless it’s going to trend.

    [TLT]
    http://stockcharts.com/h-sc/ui?s=TLT&p=D&yr=1&mn=0&dy=0&id=p78828885860
    -GG

  • ridingwaves

    first time we had wage growth like this in 12 years, the fed will now try to kill that wage growth so the serfs remain in fear….

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

    There was an interview with James Rickards, who stated they want this, and then will crank up the interest rate somewhat. Don’t fight the FED.

    https://www.youtube.com/watch?v=OWnVgumM5lQ

  • Ian Naugler
  • ridingwaves

    heck, I’ve been preaching here for last 6 months, JR is plagerizing me…..:)

  • HD

    Tuff crowd… $1000 bounce off that fib.

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

    yep, going to get tougher here me thinks…
    golden cross on vix could get some bears jumpy

  • Mark Shinnick

    May even be setting off a pattern.

  • Mark Shinnick

    labd objective several % more.

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

    The video is over a year old, you don’t have a case.

    https://www.youtube.com/watch?v=6r04gfWfRkE

  • Mark Shinnick

    Yeah, I went long Trump at from 9 to 11%. Never made a political trade before but that one seemed so EZ to see.

  • Edgy

    Oof, so much for a retest!

  • https://evilspeculator.com Sir Mole III

    Getting ugly out there!

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

    QQQ’s that’s a lot of momentum.

    let’s see if the line can hold by close.
    http://stockcharts.com/h-sc/ui?s=QQQ&p=D&yr=1&mn=2&dy=0&id=p40931848975

  • Mark Shinnick

    Wouldn’t it be nice? Snowflake de-crystallization ….would be amazing.

  • Yoda

    Glad to be in VXX this morning because my 2 other positions, UNG and GDXJ, turned into poo. Win some, lose some.

  • Mark Shinnick

    Where’s Mary’s stop?

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

    118.85

  • ridingwaves

    stays deep red thru close and monday should be follow up

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

    next thousand trades.

    We are managers of bad trades, the winners take care of themselves!

  • HD

    27(89)

  • Mark Shinnick

    Make sense to begin trailing that up a little?

  • BobbyLow

    Well that sucked. Stopped on Gold -.94 R Loss, Stopped on OIH -.84 R Loss and my Crude is flat and and hanging on by a thread.

    My only saving grace this morning was that on top of meeting criteria for exits, I try to allow my candles to complete and waiting for a 30 Minute Candle to complete doesn’t take too long so the pain is short lived. I have donated this week’s earnings back to the market and I hope it is appreciated. πŸ™‚

  • Mary

    no

  • https://evilspeculator.com Sir Mole III

    Not fun but it happens. Carry on and don’t let it affect your forward trading.

  • https://evilspeculator.com Sir Mole III

    hehehe – πŸ™‚

  • BobbyLow

    No hell no. πŸ™‚ This isn’t the first time something like this has happened and it won’t be the last. Although this can happen at anytime there is no way to predict when. I’ll just take my lumps and move on to my next set-ups next week.

  • Mark Shinnick

    I’d imaging this would be good BTFD zone but I’m really not a BTFD’r

  • HD

    2799. 10 handle pop off fib.

    HAGWE all.

  • Yoda

    The short treasuries trade has picked up steam lately, but I am now wondering whether it is getting a bit oversold as the move is morphing into a exponential curve.
    https://uploads.disquscdn.com/images/b11bcd81d00683464a1651b6ece78d10158b0dd7caca519836d1a260bd24e231.png

  • ridingwaves

    it would require digging but I might still be good, the last year flew by so I might be wrong on the meme discussed….inflation, they have to have it now….or the experiment failed…which it did anyway…

  • Mark Shinnick

    Nobody expects a surprize. Its been conditioned out now for generations.

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

    that’s what I was trying to say down below (TLT)
    {wink wink}

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

    My PIRS holding getting jumpy, added, I know I’m nuts…

  • Tomcat

    Going aLONG Gold here…

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

    High Yield Credit.
    I’m posting a screenshot. that Mandela effect yesterday – freaked me out!

    https://uploads.disquscdn.com/images/f00a78cade5e401ad1274ef6cf63b22779e78a82c6a4262a1f99f0a6fcb9bd72.png

  • Yoda

    Well either it starts to reverse soon or we may see a fall of the table type of event.
    I am not betting against the move yet but if I start to see an exhaustion move followed by a quick a strong reversal, I’ll buy me some TLT

  • Yoda

    agreed, markets usually do not bottom on a Friday

  • Mark Shinnick

    Knowing is all the difference πŸ™‚

  • Yoda

    I’d love to see one last exhaustion move down to 1322 before giving it another try

  • Tomcat

    A lot of patience is not one of virtues…

  • Mark Shinnick

    Gosh…things seem so setup…rates, Rydex long sentiment….spring seems wound so tight with hopium that no trends most have grown up with will change big.

  • Tomcat

    An entry I am eyeing for my IRA account is GOOG on the touch of the 50MA. Eventually I expect Google to become the biggest tech company together with AMZN.

  • https://evilspeculator.com Sir Mole III

    Putting my stop on BTC/USD to break/even.

  • Mark Shinnick

    What does stock price really have to do with that?

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

    The most rewarding trades are often the hardest ones to take from an emotional point of view.

  • Mark Shinnick

    I’m into more liquidity; never messed w crypto.

  • Yoda

    Mole can you post one of your volume chart for the spoos?

  • Ian Naugler

    Oh I’m in!

  • Tomcat

    Market cap? Number of shares x price…no? I am looking at >1T for both

  • ridingwaves

    no cryptos for me….abalone shell currency and I’m in…

  • kim

    sp 500 has some serious topping signs πŸ™‚ haven’t watched that stuff for few weeks….

  • ridingwaves

    277 SPY perhaps a bit of overthrow would test partial breakout full breakout retest 269 SPY final destination?

  • Mary

    MOLE banking coin on BTC …

  • Tomcat

    Some “declassification” turned my “precious” from red to green…

  • BobbyLow

    /BTC Futures are 5 Ticks = $25 and $21,498 Margin Per Contract

    That’s waaaaaaay to rich for me. I back tested a couple of ETF’s that were a somewhat facimile of Bitcoin and the numerous morning gaps were not a good fit for my game.

  • Mark Shinnick

    Maybe track sh to a buypoint. I think we had a decent shot at that yesterday.

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

    another veteran comes out of the shadow..

  • Mark Shinnick

    Check out sh

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

    huh?

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

    Mole, would you ignore a clear positive divergence on the 5 min Zero on a day like today? I did not get the Trend day alert btw.

  • kim

    what is sh?

  • BobbyLow

    Oil coming back a little too. πŸ™‚

  • ridingwaves

    I see money flowing into bio which made me move stop on vix L

  • Yoda

    You entry looks goods. Jumping back in.

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

    Good liquidity sp short.

  • ridingwaves

    did u get S out

  • Yoda

    Damn right, but prevail we will

    Mwuahahahaha!

    ;-]

  • BobbyLow

    That was a good move. I might get back in at some point today myself. I just need a little more convincing with MOMO. πŸ™‚

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

    yes I did … NEXT!

  • Julie

    Hi GG I took 3/4 off XHB yesterday Still have a full position short UNP Nice BAC down about 0.75%
    JULIE

  • Yoda
  • Floyd

    I’m in with LTC…which follows BTC pretty closely. It’s just faster and cheaper.

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

    TBT,
    taking some off the table. I don’t trust Ms. Market’s smiling at me.
    https://uploads.disquscdn.com/images/09c827dcb10cea5b72f5b2b6c9be6d30571b86983abb1334b5b0abb6d796a8dc.png

  • Yoda

    Yes I am a Buddha in disguise

  • Julie

    Hi Yoda You may like CCI (10) in addition to your RSI
    JULIE

  • Julie

    Great Mary Good job !
    JULIE

  • Julie

    SPX I posted this chart yesterday showing a consolidation and a possible move down to the 34 ema. However I did not show a lower trend line. https://uploads.disquscdn.com/images/489cd00aaf43ad1fa9a519258b173be5bf58785051093600d2ed96d49088a6e1.png Included in this chart is a lower trend line matching the 34 ema which would approximate two equal legs down JULIE

  • Mary

    I’m not banking the (BIT)coin, Mole is!! LOL

  • Yoda

    LLO!

  • Yoda

    Interesting… It resembles the RSI but with more pronounced divregences

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

    Yeah That is why I like it Yoda You can also draw trend lines on the CCI. For time frames 60 min and above I use a setting of 20. 30 min and below I use a setting of 14
    JULIE

  • Mark Shinnick

    118.80 zone pretty damm good battleground.

  • Julie

    Yoda and everyone IBB coming down to it’s daily 34 ema and a gap support. Possible bounce at this level. Included in this chart is CCI(20) with trend lines CCI is a great tool with trend lines JULIE https://uploads.disquscdn.com/images/964ab2220e7ab5c65480c7e68827b885ae5d8fdc0e0736d86b220af6f7d32139.png

  • ridingwaves

    so far so good…man I’ve been all over this move….yeehaww…

  • Mark Shinnick

    Payback

  • ridingwaves

    took 1/2 of volatility, might reenter on push up…vix painting 19 on monday…

  • BobbyLow

    Crude is almost all the way back now. It’s not bringing oil companies back with it because of the downside of equities in general. Oil has a mind of it’s own and is helping to soothe my wounds from this morning.

  • ridingwaves

    putting floor in for equities for now

  • Julie

    Bitcoin EOD yesterday Coming down to lower channel and daily 144 ema JULIE https://uploads.disquscdn.com/images/8505fb0a9445e4f8f04fb230df65b29981f0da1a1483cecb0d6d04efed8e521b.png

  • BobbyLow

    LTC? Is this the correct symbol? And this follows BTC? I just looked LTC up and found this from Yahoo Finance:

    “LTC is a self-administered real estate investment trust that primarily invests in seniors housing and health care properties primarily through sale-leaseback transactions, mortgage financing and structured finance solutions including mezzanine lending.”

  • Mark Shinnick

    We’ve seen some rotted floors already.

  • Tomcat

    Missed your charts Julie

  • ridingwaves

    just went thru it, defcom 4 in play….
    Monday is not looking good. might have to rebuy L vix

  • Mark Shinnick

    Your friggin fast with the keyboard.

  • Wave_surfer

    long?
    You don’t think that is a corrective bounce?

  • Tomcat

    I don’t like this market…

  • Mark Shinnick

    …as in ominous?

  • Julie

    Yoda GDX possible bounce at this level (1) support zone (2) 89 ema (3) upper cloud boundary (4) oversold Stochs 13,3,3 Now very important you can see how important the daily 5 ema is Quite often I use the daily 5 ema as a filter. i.e. must close above or below Now the 34 ema corresponds to the 5 ema 60 min chart ; 65 ema 30 min chart 195 ema 10 min chart Also the 144 ema on a 60 min chart closely corresponds to the daily 21 ema https://uploads.disquscdn.com/images/593968250176c6e1c51a31c2810b7cda2b6fc03bbc959df780f2e5ae8651ab93.png JULIE

  • ridingwaves
  • ridingwaves

    NKTR is a beast

  • Julie

    Hi TC have not seen you in awhile Doing great and hope you are too
    JULIE

  • Julie

    Hi RW Is that Mavericks ? Fair surfing Pacific City OR BUT ocean way too cold and must use a double wet suit
    JULIE

  • Tomcat

    Closing my eyes and shorting CL here having covered 3/4 of my RB

  • Tomcat

    Some good days, some bad days. Today has been great…over 5Rs booked and riding rest…

  • Yoda

    Tape is just being walked down with zero stress

  • Julie

    Great TC Let er rip !
    JULIE

  • https://evilspeculator.com Sir Mole III

    We may be looking at a stop out here on BTC/USD.

  • ridingwaves

    were here, inflection near, overthrow down to 275 could be in play…
    you guys thought I was hit by my board when first posted….:)

  • https://evilspeculator.com Sir Mole III

    Those are the most dangerous ones – a slow drip drip drop (see yesterday) which does not produce exhaustion. Which means the bots have switched into inverse mode.

  • Mark Shinnick

    Orderly

  • https://evilspeculator.com Sir Mole III

    Sorry Yoda – I didn’t see this as I was busier than a one-legged man in an ass kicking contest. To answer your question: I always wait for the Zero signal to rise > 0 and a spike low being in place.

  • ridingwaves

    vix 19 on pnf chart
    XIV 95 on breakdowns

  • https://evilspeculator.com Sir Mole III

    https://uploads.disquscdn.com/images/6a2a5fa829832f5853071e87dbcb00317cd929fe0614478d7da5308550d06747.png

    I may have been fooled there for a few minutes, but it was stuck right < VWAP and I may also have held off until it was breached. On days like these, e.g. strong sell offs, you don't want to step underneath a falling sword. Always make sure you have price confirmation. VWAP breach is another positive when everything else is still pointing down.

  • https://evilspeculator.com Sir Mole III

    Yoda – see my answer below please.

  • CandleStickEmUpper

    I just got stopped out on my futures contract. O well, it was worth a shot

  • https://evilspeculator.com Sir Mole III

    At break even I hope?

  • CandleStickEmUpper

    lost about $500 points on 3 contracts

  • ridingwaves

    should bounce here…weekly vix resistance here, monday better to break it…

  • Tomcat

    Well I ended up closing my L $GC at 1340 bc I “sensed” a reversal. But if I am being honest, it was pure dumb luck…

  • Floyd

    LTC is litecoin. That’s the coin’s symbol. One of the few cryptos that can be bought on coin base with usd.

  • Mark Shinnick

    Maybe around here we tend to be more lucky.

  • https://evilspeculator.com Sir Mole III

    Duuuuude… I told you guys to not chase it up. Are you on my twitter feed?

  • Tomcat

    LTC belongs to LTC properties inc according to IB. Is that the ticker? A futures contract?

  • CandleStickEmUpper

    no, but I’ll get on it now!

  • Tomcat

    My CNBC news app flashed something along the line of House and Orange Puppet had declassified a memo, that is when my GC & PL positions turned green

  • Tomcat

    Don’t know, but what I do know, is that seems like record msg count when markets are down. Does this suggest more bears than bulls???

  • BobbyLow

    Salvaged a +.41 R Gain on UCO so after a big tease I wound up only slightly positive for the week. I suppose that’s better than a poke in the eye with a sharp stick. Unless things change big time over the next hour and a half, I’ll be going into the weekend all cash.

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

    Better lucky than good
    πŸ˜‰

  • Julie

    Hi GG took 3/4 off UNP short coming down to the 89 ema with approx. two equal legs down and oversold. Will retain 1/4 over weekend and cover remaining 1/4 if and when a bullish close above the daily 5 ema. Very nimble here GG and doing great
    JULIE

  • Floyd

    Sorry, no. I don’t mean to confuse. It’s not a futures contract and it’s not traded on the stock market. I mean litecoin the actual digItal asset. https://coinmarketcap.com/currencies/litecoin/

  • Yoda

    good bots πŸ˜‰

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

    shoutout SPX 2777

  • Edgy

    Maybe just volatility gets us all excited?

  • Tomcat

    In some other news, this hit my feed earlier “A father of three daughters who were abused by Larry Nassar went after Nassar in the courtroom this morning” and guess what, the police wrestled the FATHER…

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

    fantastic. let’s keep it together guys.

    plan the trades, trade the plans.

  • Tomcat

    Could be…

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

    long MGTOW.

  • Julie

    Closed remaining 1/4 short XHB Down to 89 ema ; lower cloud boundary ; support zone and oversold The decline looks impulsive and will reshort a weak https://uploads.disquscdn.com/images/4d6820a49ea18b0734179d3fb029f0da1265ad9bf0b922083eba1b2d6f5dba4e.png bounce to a lower high JULIE

  • ridingwaves

    should have let the dad take him out back and shoot him in the head…why keep him alive….

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

    I was going to say “let your winners run”. BUT, than tends to work better on the long and slow upside.

  • Julie

    Yup GG We all can I know it Great bunch of guys and traders
    JULIE

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

    great blood letting starts below ’70’
    [BPSPX]
    http://stockcharts.com/h-sc/ui?s=%24BPSPX&p=W&yr=5&mn=0&dy=0&id=p34026304719

  • BobbyLow

    Sometimes “sensing” something is a result of experience seeing the same thing happen more often than not after certain things happen and then reacting to it. It sounds like you’ve had a great week and deep down you know it wasn’t luck. The true test is keeping good records and knowing whether or not you are making money over time. I use measurements of Average Positive Expectency and SQN to smooth out my performance for a “report card” on how I’m doing etc.

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

    UUP weekly.
    the dollar refused to roll over.
    there is some divergency between price and the RSI.
    all this excitement makes me….suspicious.

    http://stockcharts.com/h-sc/ui?s=UUP&p=W&yr=2&mn=0&dy=0&id=p74534327976

  • ridingwaves

    golden cross on vix daily…just saying….:(

  • Tomcat

    The guy had to APOLOGIZE…I mean you cant make this chit up
    What has this society turned up to

  • BobbyLow

    Man that looks good and I would still eat that sub knowing that those green peppers would kill me later. πŸ™‚

  • Tomcat

    You think it was the dollar that killed the bonds, PMs, equities today??? I very much doubt it

  • Julie

    SPX coming down to the 34 ema and lower trend line. Pattern recognition RSI possible bounce at this level JULIE https://uploads.disquscdn.com/images/e84b4ba9d06db4f654645d0ae54ac0e452b2d45323f74126ee662ace1bfc2be0.png

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

    No. the dollar fell all of 2017. the Bonds & Interest rates have been playing games for decades.

  • Tomcat

    I was referring to today’s action. Long correlation is there, I agree, but today had little to do with the dollar

  • BobbyLow

    No problems. πŸ™‚ I found it.

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

    maybe not, might hit 19 today….selling pressure unreal…Sushi and Sake tonight for sure
    https://www.youtube.com/watch?v=VuAZTWGfQTs

  • BobbyLow

    Haven’t seen a bloodbath like this in a long time.

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

    Great add GG You can add anytime GG Excellent reverse trend line Bro. I have always gone the other way Learn something new from you every day Thanks GG
    JULIE

  • Tomcat

    Define long time, I am sure you have seen this a LOT

  • Tomcat

    Would you be surprised if this all reversed by next Monday???

  • Ronebadger

    not ALL of it…

  • BobbyLow

    Nope

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

    My envelope on the VIX is golden.
    see the pullback and rocket launch?
    oh – Yeah. EDIT: overhead resistance becomes support

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

  • Tomcat

    Can you do a correlation between the market and no of comments?

  • Julie

    TC SPX so far a corrective 3 wave move down with two equal legs I am looking for a bounce. If lower watch 2748
    JULIE

  • Tomcat

    You got it Julie

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

    I think so.
    anybody willing to pay for it?
    πŸ˜‰

  • Julie

    There it is the F%$#&^ bounce off the 34 ema and lower trend line 40 min left. I knew it. The bulls are not about to give it up
    JULIE

  • BobbyLow

    At the time I made my comment the DOW was down over 600 Points and a little more than a 2% hit. As a percentage there have been larger down days. But the shock value of this number is pretty severe to the masses. As far as “Long Time”, my memory might be faulty, but the market whacks or “scares” while the Bank Bailout was on and then off etc back in 2009 comes to mind?

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

    sell the fear, trap them over the weekend.

  • Tomcat

    Sure, I will pitch in. Do you accept BTC?

  • ridingwaves

    yummy, all out…buy back on push up
    ridingwaves StockTalker a day ago
    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

  • Ian Naugler

    Gerbilcoin

  • Julie

    A picture is worth a 1000 words Great week !JULIE

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

    a cougar jumping like that, never gets old

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

    You too GG.

  • Julie

    You too GG
    JULIE

  • ridingwaves

    bot kicking in at 275.65 spy

    edit ruh ohhhhh

  • Julie

    Chief and Everyone Have A Great Weekend. Go Eagles on Sunday
    JULIE

  • BobbyLow

    I don’t know it looks like DOW and SPY closing at the LOD ?

  • Julie

    RW Do surf Mavericks ? If so Fantastic
    JULIE

  • Tomcat

    I am ready to take a swing at 2755, lets see if we get there.

  • Wave_surfer

    It has been so long since we had a strong down day, it is hard to remember them. hehe
    If there is a strong down day on Friday, does it tend to continue on Monday?
    Do people sell because they don’t want to get caught in a larger draw down? Or after fear settles, do they see it as an opportunity to BTFD? Or is there no consistent pattern?

  • kim

    nice, roger that, can’t short right now, some stupid citizen identification recheck, but it’s a long way down πŸ™‚

  • Julie

    GG The leap of faith !
    JULIE

  • BobbyLow

    Have a great weekend everyone and Go Patriots! Win or lose, the Pats have had a great run. But just https://uploads.disquscdn.com/images/0d4d4148fe11758d9ff6e82fcfb36f4c4c8c3e62cebfbe09b1daa9e422904e7e.jpg maybe the Flying Elvis will win Number 6.

  • ridingwaves

    no, too old and now a egg shaped Aipa like board in nice waves is all I need…long rides are better than speed at my age

  • BobbyLow

    You too Julie and don’t worry if Philly Fans burn the city down, you’ll be safe in Montana. πŸ™‚

  • Tomcat

    I must vote this down, hoping for an Eagles victory

  • ridingwaves

    carnage…but profitable for me πŸ™‚

  • ridingwaves

    I gave him an up vote for his team alliance but agree, go Eagles, can’t have them breaking tie with 49ers and Steelers..

  • Tomcat

    Well he FINALLY posted something for me to disagree, so I flagged it πŸ˜‰

  • BobbyLow

    No problem most of America wants to see any team but the Patriots win another SB so soon. I had season tickets back when the Pats were horrible and everyone loved us.

  • Tomcat

    True, most prefer the underdog.

  • https://evilspeculator.com Sir Mole III

    NOT gonna happen. The GOAT will take it again.

  • https://evilspeculator.com Sir Mole III

    Keep dreaming…

  • BobbyLow

    Yep it’s human nature.

    I do have to correct something that Candle Stick said the other day. He said that the only people who want the Pats to win are from the tiny little state of Massachusetts. MA is the 15th largest state by population. And I think he failed to realize that it’s not the Massachusetts Patriots, it’s the NEW ENGLAND PATRIOTS which it’s combined population is 2 Million people larger than the state of PA.

  • Julie

    BL Check this out GDX An impulse down to it’s 144 ema and lower cloud boundary. Oversold . Positive divergences 60 min chart MACD CCI and RSI. I was looking for a bounce slightly higher at a support level and the 89 ema. The 89 ema is almost the same as the 144 ema. Now a principle of the Ichi Cloud is that the cloud acts as a magnet and sure enough exactly down to it and a slight bounce Now looking for a bounce to a lower high https://uploads.disquscdn.com/images/23f1dcd03b12f7ba10047a7ec211c11c3bde1e816e03b4c5eede5b93599c4ef6.png JULIE

  • ridingwaves

    rocknroll…much needed correction…all is good..
    https://www.youtube.com/watch?v=mipc-JxrhRk

  • BobbyLow

    LOL

  • Julie

    You Too BL
    JULIE

  • Julie

    GG May I remind you that cougars are the most stealthy creatures on the planet. Nearly impossible to catch one let alone see one Lol !
    JULIE

  • Julie

    BAC Finally Sheesh 60 min chart a breakdown of a lower rising trend line. Note the negative divergences MACD and CCI. Now down to the 60 min 89 ema and a support. The 60 min is now oversold The thin black line (34 ema) corresponds to the daily 5 ema and Yes now below it.The thicker black line ( 60 min 144 ema ) corresponds to the daily 21 ema and a lower channel trend line. Moving to the 10 min chart possible positive divergences setting up MACD and CCI. Now a possible bounce at this level 89 ema and support zone to a lower high. If a bounce does occur here then watching for the bounce to fail at the confluence of the declining 21 ema and 8 ema or the 34 ema which is again the daily 5 ema Also a possible backtest of the broken trend line. If no bounce here then watching for the bounce at the rising 144 ema (daily 21 ema) matching the lower channel trend line. Shown BAC 60 min chart JULIE https://uploads.disquscdn.com/images/91378125fe115a7c0c8d7fc2d8143caaa0ab8c388cebb1c052f7527d61232fe4.png

  • Julie

    BAC Chart below please refresh as I had some typos
    JULIE

  • ridingwaves

    Monday will be red…2700 looks like stop
    we closed 666 down today…

  • Julie

    BAC Daily chart printing a bearish engulfing candle with increased selling. MACD a slight negative divergence and rolling over crossing below it’s signal line. The close today was below it’s daily 5 ema and Ichi Cloud conversion line (8) Also a slight negative divergence RSI Shown BAC daily chart JULIE https://uploads.disquscdn.com/images/b60906b98ae96897cddb70a0845a5e0cd055bacf5c2d3d0bd2fba01db0a35c7d.png

  • https://scottphillipstrading.com/trade-setup Scott Phillips
  • CandleStickEmUpper

    I said the entire nation wants the Eagles to win except for the state of MA. With that comparison , New England is still a tiny blip of fans!

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

    looks like you’ve got a handle on it.
    πŸ˜‰

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

    This one may be for Julie, but can apply to any of us traders.
    Stock Buy Backs
    Hate a Company? Hate the stock?, think it’s going to tank?, make sure you aren’t fighting a buy-back program!

    https://www.fool.com/investing/2017/12/28/bank-of-america-has-bought-back-290-million-shares.aspx

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

    worried about your 95% HODL?
    It’s Saturday, don’t you have some chores to do?
    ;-D

  • Mark Shinnick

    Sp500 has about 570 billion in margin debt WIL5000 around 600 billion. More here:
    https://www.yardeni.com/pub/stmkteqmardebt.pdf

  • Mark Shinnick

    Cool team, was with my uncle their defence coach then to see my first Superbowl ’85.
    He was on the 60’s Colts team, he died of frontal lobe dementia. The sport is a killer.

  • BobbyLow

    “Entire nation” is an extremely broad brush and pretty much a bullshit statement unless you want to use that phony ESPN poll. Also there’s probably a few Viking Fans who want the Eagles to lose after getting full beer cans thrown at them at the NFC Playoff Game in Philly.

    I’ve watched almost every single game the Patriots play and they travel extremely well. I’m always amazed at how many fans are cheering for them at away games. So even though I can agree that a majority of football fans would like to see someone else win other than the Patriots, I don’t believe it’s as extreme as you think. I’m not seeing a lot of love for the Eagles outside of Philly and they’re playing the underdog card up real good except 4 or 5 points is not a big underdog.

    In any event, whatever happens tomorrow happens and life will go on.

  • Julie

    Hi Scott Bitcoin may be worth trading a bounce. Down to it’s daily 144 ema and lower trend line of a parallel channel. Oversold. Positive divergences RSI and CCI. Triple positive divergence MACD histogram Shown $NYXBT daily chart JULIE https://uploads.disquscdn.com/images/c50c86775e70c24e45f14d647238102061add960fb00e6d5b2978de0bdcb04ef.png

  • Julie

    Hi GG I am aware of those buybacks. Also CAT buybacks Thanks GG
    JULIE

  • Ian Naugler

    And yes on the chores…damnit!

  • CandleStickEmUpper

    Agreed that there’s probably not too many Eagles fans outside of the Philly vicinity. Steelers fans seems to be everywhere however. By the way, BTC is up. .Weekend dip buyers are out

  • Julie

    Hi GG INTC a failed breakout above 47 even with strong volume on the breakout. Filled the gap and closing below it’s daily 21 ema and baseline (21) INTC now approaching oversold and must bounce at the confluence of it’s daily 55 ema and upper cloud boundary Shown INTC daily chart JULIE https://uploads.disquscdn.com/images/bbd017ef54163f2e72102b724c1cf7789191d64a28bd67a3541f73cf6c668268.png

  • BobbyLow

    Wow! I just Googled your uncle. Adding to the overall danger of head injuries of the game is that playing as a Pro in the 60’s meant that they definitely had no such thing as “Concussion Protocol”. If a player got knocked out, they just went back in as soon as they woke up.

    This must have been a great experience for you. It was the Patriots first SB but they really got smacked down by the Bears. Talking about an underdog, the Pats were the first team to ever make it to the SB as a Wildcard and the spread began at 15 and got down to 10 by gametime. We lost by 36 Points. πŸ™‚

  • https://evilspeculator.com Sir Mole III

    LMAO

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

    GE..
    I’ve managed to aschew myself from the falling knifes.
    I have an idea when the time will be right to the up side.

    https://uploads.disquscdn.com/images/a68e7f4c9f935619217e0ec7740b6e45417b13c4d634e29e29aba1a4b56f0db6.png

    Like Arnold Rothstein, I’ve learned – well.
    https://www.youtube.com/watch?v=auVyi9lVYhA

  • https://evilspeculator.com Sir Mole III

    That was a great series by the way.

  • https://evilspeculator.com Sir Mole III

    This still isn’t Sparta!

  • Julie

    GG Have you ever used the extensions 1.272 – 1.414 – 1.618 – 2.0 ? That is how I nailed GE at approx. 15.80 for the bounce The present extensions are 15.38 — 15.16 — 14.84 Ok the present break below the low 15.80 (Jan 22) could be a false breakdown indicated by diminished selling volume. The declining trend line may intersect approx. 15.38 JULIE https://uploads.disquscdn.com/images/ebe2a63c9938fd8349486540066884754c4c3577952081ed9e544635e176fc99.png

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

    No Rest for the Wicked.

    Getting ready for Next week.
    ..Just in case things get serious.
    https://uploads.disquscdn.com/images/fd3f9af0a096eb315a2f61aae965a5a7fafc7a386b8dbc5881bc7ea79377b74c.png

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

    it’s a series!? I thought it was a single movie.

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

    you definitely have The GIFT.
    but I have my pride.
    πŸ˜‰

  • Julie

    Hi GG I hope you are having a nice weekend I replied to you in several posts below. I think we can nail GE for a bounce
    JULIE

  • Julie

    GG GE Positive divergences RSI and CCI. MACD nice histogram positive divergence JULIE https://uploads.disquscdn.com/images/e186c81b88857b9bc3c182fe57dd11f72699364af7755030320ab20b514a8233.png

  • Julie

    Mark A high school friend of my husband played for the NFL Colts and Buccaneers. At a reunion he said that if he had to do it over again he never would have played football at all. He was a great all around athlete and recruited for baseball and basketball too. He said that he should have played baseball
    JULIE

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

    nice.
    but need some capitulation like mid-November in both price AND volume!! IMHO.

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

    Q: How did the blonde die at the baseball game? A: She drowned during the wave.

  • Julie

    GG Your chart closely matches my chart below i.e. expected bounce We is on the same page Bro !
    JULIE

  • Julie

    GG Was her sister with her ! lol !
    JULIE

  • HD

    Ha! nothing personal but the last time you contributed to the crypto conversation I think you said it was a “gold rush” and just trade the break outs. Quite a waterfall since then and now this chart. Interpret as you see fit.

  • Julie

    GG I think GE has had the capitulation and now a shakeout to rid the weak hands. High volume lows are usually retested and bullish on less volume. The present retest of the Jan 22 low on way less volume. IMO a shakeout now occurring
    JULIE

  • Julie

    Guys The trade shortly is short Texas Tea and long the Greenback
    JULIE

  • Julie

    XOM On Friday a high wave candle denoting a very high level of confusion . Unreal The advance after the open was contained by the lower uptrend line and the Conversion line (8) and baseline (21) with both at 86.15 with the actual high 86.01 The decline stopped at it’s daily 144 ema and a strong support level. There were negative divergences RSI MACD CCI forewarning of a failure of the wedging Now is the bearish kiss off the lower trend line going to lead to lower prices ? Friday was a response to XOM reporting earnings A lot of confusion JULIE https://uploads.disquscdn.com/images/1378dae1b59093aad32d7aade8ff415694f2aebeccf37d93b5aed257f892de5d.png

  • Julie

    XOM 83.80 is a very strong support. A bearish close below 83.80 and a possible decline to supports 82.40 and 80.25
    JULIE

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

    I’ve previewed most of the SuperBowl commercials.
    I await the Illuminati symbolism reviews.

    We will prevail
    https://uploads.disquscdn.com/images/95fe7a002d0adbfcd14291dd82b39b1fb0aaa42f9fd27d2ed59010f8bcb9c427.png
    -GG

  • https://evilspeculator.com Sir Mole III
  • Mark Shinnick

    Yeah, When uncle Don Shinnick bagan showing signs few mentioned the accumulated damages from the sticks/collisions. Its indisputable ; this is a bloodsport I don’t see how its business is insurable.

  • https://scottphillipstrading.com/trade-setup Scott Phillips

    Well for a start I consider mental flexibility to be a GOOD THING when trading. If the facts change I change my mind?

    Secondly I traded my crypto account up 330% (while the BTC price tanked from 19K to 13K) and then cashed out (and told everyone else on my list to do the same)

    I trade SYSTEMS not stupid opinions. I trust my systems to keep me safe. Sometimes it works, like this time, sometimes it doesnt

  • https://scottphillipstrading.com/trade-setup Scott Phillips

    And captain douchebag, before then I had 38 consecutive winning breakout trades.

    I’ve never had 38 in a row before. And probably never will again.