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Blood From A Stone
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Blood From A Stone

by The MoleAugust 14, 2019

One of the most difficult but crucial lessons I had to learn as a trader was how to pick your markets, and most importantly when to recognize that additional input in effort does not result in more monetary output, perhaps even to the contrary. As a general rule, attempting to force order and directional bias onto a volatile or even borderline chaotic market environment can only lead to frustration, stress, and in the end financial losses.

TL;DR: You can’t draw blood from a stone.

Don’t get me wrong – I appreciate your enthusiasm and my only contention is that it may be a tad misdirected.

NYSE volume reflects quite a bit of bot activity and I don’t expect this to change until the end of the vacation season. With less participation markets can be banged all over the place at the slightest mention of a China trade deal happening or not happening. Which incidentally is now occurring on an hourly basis.

Implied vol courtesy of the VIX continues to drag lower and given the chart above it’s not surprising that the ES futures have dropped back down overnight. Are we having fun yet? πŸ˜‰

The volume chart shows us landlocked between 2780 and 2940 for the foreseeable future. The daily candles on their own reflect a market capable of inflicting a lot of pain on anyone willing to stick their neck out and make large directional bets.

My advice: Take a few days off and enjoy the summer weather – perhaps spend some time watching the masterclasses many of you bought last week. Remember, depending on where you reside a cold winter is merely a few weeks away.

 

 


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

    REVERSE engines watching NDX 100 (current cash 7600 ish ) chart posted yesterday

    https://uploads.disquscdn.com/images/17a923c13a9a4a369906c165f422a0539d3ee36e7946d0ea354381bb03a882d1.png

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

    what’s the stick save tweet today gonna be??

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

    gc z19 27.3 res above that 1533.6 above that 1546.10 above that 1559.6 btw anyone shorting ES and look at longest bonds UB! premarket

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

    Now what? If it walks like a bear, talks like a bear and smells like a bear then in most likely a fricken bear,

    Mole makes prescient points about trying to trade markets like this. It’s even difficult to try to grab a few handles on a quick day trade of which the odds of winning become similar to Vegas with luck being key.

    Managed to salvage +1 R on my Long Oil position before Ms. Market takes it all away. About another buck down on /CL and I’ll consider going short. In the mean time it looks like another day sitting on my hands unless there’s a big turn around because even though I’m a MOMO guy, I’m not going to chase price today with it already 50 Points down.

  • http://www.quemango.com Herb InCebu

    These charts bring back memories of a lovely summer road trip that followed the meandering Shit Creek to its first major stop in Palookaville where everyone got off the boat for a fresh shit sandwich.

  • ridingwaves

    palookaville…..what a pretty place, organic shit sandwiches are all the rage….

  • Mark Shinnick

    gss has substantial support around here…2.75 area.

  • Mark Shinnick

    Vacuous … Nails today’s character too.

  • BobbyLow

    Funny thing is if I didn’t need to sleep, there’s a lot of money to be made trading futures during the Asian and after the European markets open. In recent days the major amount of moves have been made before the NYSE open asking us if we want fries with our shit sandwiches. πŸ™‚

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

    unless you have a massive social calendar, change your sleep window.

  • ridingwaves

    More inclined to run with the big boys in GOLD and WPM…..
    I think both are undervalued…
    management for GSS have been aloof it seems….bad management equals shorts love affair

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

    Nah. That would fuck up the quality of my life too much. It ain’t worth it. Besides, we should be able to get back to tradable days even if we become firmly in the grasp of Mr. Bear. Nothing in the markets are forever including Bull Markets, Bear Markets and anything inbetween.

  • BKXtoZERO

    he he he he he….ol TVIX looking sweet again.

    https://www.youtube.com/watch?v=FWGn_-MeuZ8

  • BKXtoZERO

    out TVIX 20.92 from 18.5 yesterday (edit he he he he)

  • BobbyLow

    Nice one BK.

    BTW, I was in High School when that song originally came out. πŸ™‚

  • ridingwaves

    Germany is dying, China banks are not trusting other banks on repos, Argentina is crushed…..
    still room for a bigger move down, all the cycles are accelerating down now thru October….

    yikes….tin foil hat is on…

  • BKXtoZERO

    and vixxy is a nice girl to dance with

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

    yes seems like it – use the tweets to sell !

  • BKXtoZERO

    Long TVIX again 21.1, looks like ES may be going down here

  • BKXtoZERO

    Short NUGT again via DUST 7.19

  • BKXtoZERO

    out flat. looks like pos divergence here for bulls but I gave it another shot at dropping further

  • ridingwaves

    nothing positive today, yesterday was a stick save….below 2700 possible by friday

  • BKXtoZERO

    back on 21.5. doesn’t look good for bulls here, should have bounced there

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

    It’s all going to hell. The only thing left will be androids and bees.
    lots of bees.
    https://www.youtube.com/watch?v=UXS8E4szcSc

  • ridingwaves

    I like Bees, official beekeeper…

  • https://evilspeculator.com Sir Mole III

    Bobby – if you’re bearish above a 1 or 2 week horizon I would completely support that. Most folks however get caught up in the noise.

  • BKXtoZERO

    out flat. got em for 2.4$ overnight

  • Julie 35 – 25 – 36

    UNG and Natty Gas channeling with higher highs and higher lows. Over and out
    JULIE

  • BKXtoZERO

    I dunno….. this looks like yet another rounding top set up to move lower. I want UGAZ at 10

  • Sp00nman

    This market is nuts. Yesterday with the strong move up, and completely negated today. I would think a retest of the lows ~2820 is in order at least. Looks like a solid trend day down no way I’d step in front of this train for a bounce.

  • BKXtoZERO

    last 8 days weak chop after that last rally was dumped. I think it is a coiling spring and I like it. So far I keep selling every little pop

  • Sp00nman

    Hope you are feeling better Sir Mole! Health comes first and if you don’t post for a little while I think we’d all understand.

  • ridingwaves

    2690 open gap, last gap standing
    yesterday was stick save, dirty one at that….6:45 AM sp minis had biggest volume in last couple months….very coordinated…..evil in some ways….

  • Julie 35 – 25 – 36

    Volatility favors a correction
    JULIE

  • ridingwaves

    the DAX took in the chin….
    I tried tweeting for same results, nothing, so I’m done…

  • Sp00nman

    Interesting target. A symmetrical lower target from the RTH move off the highs (~210pts) would put us to around ~2730 on this down move. If you factor in the AH move (~255 pts), that target is around 2690.

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

    Guys something that is really whacko Since March $TED has been all over the place trend less ? ? $LIBOR 3 since beginning of year has dumped ? ? Our Chief watches both and perhaps he can chime in at his convenience I am so swollen arm and hand and now lights out
    JULIE

  • BobbyLow

    I have a rule to not open any day trade until 10:10 in real time EDT. This is because when trading a 5 Minute Chart the 9:30 Openning Candle can often be misleading and I’ve found it best to wait 40 Minutes for the dust to clear. The ever increasing overnight price action has had me reluctant to jump in the direction of the trade when it appears that the majority of the move has already been made. I might have to rethink this because just looking at the price action since August 1st, there has been only one time when price would have hit my maximum stop loss of 12 Points and that was yesterday. If I had traded that loss and got right back in because it was still a viable short, I would have netted +11 Points on the day. Then let’s take today. If I had taken the short with price already down about 50 Points at 2879.75, as of this moment I wouldn’t have come close to being stopped out and be up +25 Points.

    During all of my backtesting I took these kinds of trades and rarely got burned on paper but found it difficult to do so in live trading. From this point forward I’ve just have to get back to taking all trades no matter what because nobody especially me has a crystal ball that says when price is going to reverse.

  • ridingwaves

    how’s the little one?

  • https://evilspeculator.com Sir Mole III

    Woulda coulda – I have been there mate. Issue is that backtesting and live trading are two pairs of shoes. Know what market you are in and trade it accordingly. If you want to play the swings here you need to establish where the big firms are in equilibrium after hedging their short option exposure. These levels are easily visible by looking at an option chain – or you can use a chart πŸ˜‰

  • Julie 35 – 25 – 36

    You got it BL I take stops off the first 30 min.Amateurs open and pros close the market
    JULIE

  • ridingwaves

    Sometimes I sit and think and other times I just sit…..
    Satchel Paige….
    posted above pc

  • ridingwaves

    please don’t mention shoes, my wife will somehow find her way here

  • Sp00nman

    Good, she’s almost 2 weeks old and so far so good! Good eater, sleeper, and healthy. All you can hope for at this age. πŸ™‚ We’re definitely blessed. https://uploads.disquscdn.com/images/70ac3efc74447e18c8b0ef7a5fb51dfcfd8db20a65368e1d30de90bd69d56a4f.jpg

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

    Tony for example regularly trades within the first hour and so do many institutional traders. Amateur hour is relative. It’s more like you shouldn’t trade it if you’re an amateur. A lot of stuff that’s being taught to traders is outright wrong.

  • ridingwaves

    sweet, I became an odwalla green monster guy after daughter tended to like 4AM….ended up being one of the folks who got e-coli ……nasty it was….

  • Julie 35 – 25 – 36

    I will initiate a trade after the first 30 min within the first hour
    JULIE

  • BobbyLow

    You’re absolutely correct on the woulda, coulda. Where my decision process broke down was not following my own established rules of what kind of a trader I am and that’s strictly Momentum/Trend within the time frame I’m trading. And there was a clear indication that the momentum was down in a big way. I should have taken the trade. Jesse Livermore said it best (Paraphrase) “price can never be to low to sell or too high to buy”.

  • https://evilspeculator.com Sir Mole III

    In hindsight it’s clear. But this morning we could have easily ripped higher. Don’t beat yourself up mate – it’s a tough month to be a momentum trader πŸ˜‰

  • https://evilspeculator.com Sir Mole III

    Given that I don’t see any responses it seems that almost nobody understands what I posted here. Please take a look and let me know what you see….

    BTW, this will be covered in a future course on options trading which I’m producing on collaboration with Tony.

  • Ronebadger

    August so far…30min SPX. With channels and last kisses. You KNOW I like to have fun with colored lines…my wife took away my crayons that I marked my screen with years ago… https://uploads.disquscdn.com/images/3571e8321dfe7449436b0e57f912896044ac0de2a7c664f84455a5f335812830.png

  • BobbyLow

    Yes but doesn’t he make a shit load of trades per day on an automated basis? There are many scalps to be made during the first hour for a couple of points etc and at $50 per point, that can be quite lucrative if you know what you’re doing. OTOH, it’s not worth it for me to scalp a couple of points at $10 per point so I look for potential runs of more than this to be as productive as I can within my rule set.

  • Julie 35 – 25 – 36

    Wonderful SP Infant boys you must be very careful with She looks great !
    JULIE

  • Darkthirty

    Don’t follow Jesse too long, you know where that path leads… This IS NOT the market of 12 years ago!

  • BobbyLow

    Agreed. πŸ™‚

  • Darkthirty

    S’matter can’t read a 4hr chart?

  • Darkthirty

    Not seeing anything but bumble bees this summer……. No honey bees

  • Darkthirty

    786 flat off the high , so far

  • ridingwaves

    huge die off this year…..bad juju for humans….

  • BobbyLow

    Jesse Livermore died over 80 Years ago and most of his axioms that he established during his time are IMO very true today. The main difference between today and his time is technology. However there were robber barons and theivery going on during his time as there is today. It’s just that the thievery today is more sophisticated.

  • http://batman-news.com RacerXX

    Today’s tape made me think of this:

    “They say no”
    https://youtu.be/Lx7NwPreJpQ

  • Darkthirty

    Clintons got him

  • Julie 35 – 25 – 36

    Human emotions and tape reading is the same now as when Livermore was trading
    JULIE

  • ridingwaves
  • BobbyLow

    Absolutely Julie.

  • BobbyLow

    Oops you better be careful because the Tweeter in Chief could pick it up and send it to millions of followers.

  • Darkthirty

    I figured it was the poison happy jackoffs with their weedkiller. There are houses now where I used to make hay, lawn equipment running everyday of the week. Ugly…. Guess it’s time to move again……..

  • BobbyLow

    You’re firing up my inner bear RW. LOL

  • Mark Shinnick

    Generations of that conditioning since baby boom; very embedded belief system.

  • BobbyLow

    This is getting serious folks. Where’s Larry Kudlow?

    Joe Gatto from Impracticle Jokers: Larry!!! Larry!!! Larry!! πŸ™‚

  • ridingwaves

    Sounds like Rocklin to Lincoln near Sacramento, or Elk Grove to Lodi now
    used to do some great pheasant hunting behind my house, now all compact big box houses with no backyards and 30 yrs of payments

  • ridingwaves

    the millenials are going to puke, they have not seen anything remotely close to a bear market……in 2009 they were digging college loans….

  • ridingwaves

    you know me, Mr Bull, I’m downright bearish……buy the dip…..just kidding…
    scares me to think this way…

  • Darkthirty

    Read the tape all you want, get stripped by a tweet or a rumor. 27 pts SPX in 3 minutes, yeah, that happened regularly…….

  • BKXtoZERO

    My own time tested plan of operation is to sleep 1 hour into the open. I over traded at the open too often

  • BobbyLow

    Me too. I wonder if this is finally Primary Wave 3 that’s only about 9 years late? LOL

    Seriously though, I think it was a tell when it was decided that it was necessary to lower interest rates when rates were already extremely low in such a robust economy.

  • ridingwaves

    Tariffs are crushing China, 100X worse than here….we just don’t here it, media is controlled there.
    Europe is toast, literally and now South America is hurting, Japan is negative rate madness….US is safest but is that a contrarian trade in the making…

    funny, I’m typing this in hotel in Lynnwood, waiting a bit to go see some clients…i wonder if they will just talk about the nightmare in the markets….

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

    especially as they have been conditioned to think that a 700 point fall is a crash!! (DOW)

  • BobbyLow

    There have always been market shocks but to your point, the Market Shock by Tweet didn’t begin until Jan, 2017.

    But back to market shocks there have been numerous crashes small and large since the stock market began. In our lifetimes the tech bubble bursting and the housing Mcmansion Crisis are two of them but there was also a little thing that happened back in October of 1929 that began the great depression.

  • Darkthirty

    Gartman sell the market yet?

  • BKXtoZERO

    NUGT came back if you missed it earlier today. Move to 30 is what I am looking for

  • BobbyLow

    Agree on the closed society of China. I suppose the only thing we can do peronally at this point is not do anything stupid with our own finances.

  • Julie 35 – 25 – 36

    Hi BL will not show a daily chart The bounce beginning of August was exactly off the daily 233 ema Yesterdays bounce was exactly off the lower cloud boundary. Today’s open exactly below the 60 min cloud and VWAP https://uploads.disquscdn.com/images/da114d2e731f1f1cebceeda0379a9ff46a0eeadc93d57956c5993f14e0aa18b1.png Chart shown SPY 60 min chart
    JULIE

  • Darkthirty

    Had a system running 95% in 08, with anomalies considered, closer to 98%. QE and computer trading programs eliminated T/A and EWT for the most part. Hopefully you’re aware that Google, facebook, MIC stocks never went down because they were .gov entities. If you aren’t aware, you soon will be…

  • BobbyLow

    Hey DT I actually like you in your crusty ole way. But you are really out there with your conspiracy theories. Sorry but I’m not there with you.

  • Darkthirty

    Suicide, No?

  • ridingwaves

    I’ve got popcorn, actually popcorn money seems to flow here because myself and other folks I know have never had a problem. Gold has hit all time highs in 73 other currencies 2 days ago….
    http://www.gainesvillecoins.com

  • Rightside

    They are trying. Some funny business in /VX futures, numerous long wicks in the past hour

  • Darkthirty

    no problem, was fed the red pill at birth, it seems

  • BobbyLow

    I hear ya Julie. It’s hard for me to look any deeper than the last 5 Minutes on the S&P right now. This market is uber news driven and is so over extended (IMO) that these massive moves in both directions will be the norm until some of the major issues are settled. If we end up in an extended Bear we’ll deal with it and if the Bull is rejuventated we’ll deal with that as well. But for right now it’s just totally fcked up. πŸ™‚

  • BobbyLow

    One might think so but WTF do I know? OTOH, I don’t believe that Hillary was able to bribe the guards with sexual favors while Bill went in and strangled Epstien. πŸ™‚ Shit, I’d better be careful or some irresponsible idiot will Tweet this statement out too.

  • RomPetr Oll

    Has the great dealmaker twittered something today ?

  • Julie 35 – 25 – 36

    I know BL My arm and hand are swelled up to the max from the operation and I am on meds and I am totally fucked up. It’s terrible I am on the sidelines until I feel better. Just one trade going longer term UNG long .It’s channeling and when it breaks the lower channel trend line then out Made a little USO long but did not short
    JULIE

  • BobbyLow

    If it’ll get above 2778/79, I might consider a long but that’s 20 Points away.

  • BobbyLow

    Sorry about your arm and hand Julie. Hopefully you’ll feel better soon.

  • Darkthirty

    That’s the most disgusting post I’ve ever read here…. almost got a visual……………

  • BobbyLow

    LOL

  • Darkthirty

    Surgery is like kicking ass in a bar fight. Fell pretty damn good the day of, and wonder who won the next! Just watch that your bandages don’t get too tight…Got a finger out so you can check capillary refill?

  • ridingwaves

    I think the battle between Trump Admin and the Fed is possibly overlooked right now…
    its a friggin knock down, get up fight…2 tidbits today
    Fed policy is White House’s β€˜biggest problem,’ says Trump trade chief Peter Navarro
    FED IS FAILING, SAYS TRUMP, AS GLOBAL RATES TUMBLE

    currency wars, who has been thru them? maybe they are a constant war..

  • Julie 35 – 25 – 36

    Hi D30 Capillary action is good. I am scheduled to be released tomorrow. Surgery of any type is not fun at all Thanks D30
    JULIE

  • Julie 35 – 25 – 36

    Trump is the one that appointed Powell
    JULIE

  • ridingwaves

    feels like a big vix spike coming..similar to the one that took out XIV…
    off to clients..gl in your trading

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

    FYI – Full moon tomorrow.
    he he.

  • Darkthirty

    I’ll have to ague with you on that! Just got an MRI scheduled for blown disc between L2-L3, paralyzed without 2800mg metaxalone a day. Surgery will be a blessed event, unless the surgeon errs…..

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

    go easy on the pain pills. tends to block things up. thin thing like you might not recover. your trades, that is. LOL.
    πŸ˜‰

  • Julie 35 – 25 – 36

    D30 Clarification Surgery of any type is not fun. Agree that most surgery is necessary
    JULIE

  • Darkthirty

    Uranus..

  • Julie 35 – 25 – 36

    Hi GG The pain medication is minimal. The antibiotic administered is making me nauseous and can barely stay awake.I am totally messed up
    JULIE

  • Darkthirty

    Embrace the pain, make it your friend, it will never leave you and only amplify with age! : D

  • Darkthirty

    RSI (5) target on $indu 60 minute is 5

  • BKXtoZERO

    Boy are longs getting killed…. I wonder how my wife’s investing is going…..up 15% this year so far for me

  • BobbyLow

    Didn’t want to push my luck and I just captured 9 Points on the short side after losing 5 Points on the short side a few minutes before re-entry. So I wound up with a net +4 Points. This is a tiny amount compared to today’s drop but I wanted to get paid something for watching this tape and thinking about what could have been all day. I feel better now. πŸ™‚

  • Julie 35 – 25 – 36

    D30 Have you ever used RSI (9) and RSI (30) ? When RSI 9 is below RSI 30 favors the bears and vice versa bulls
    JULIE

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

    that’s a Dopamine trap. “do something!”
    it will work until you F it up.

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

    that why I’m a believer in MA’s.

    which ma’s are a Chinese secret.
    πŸ˜‰

  • Julie 35 – 25 – 36

    HMMMM ! SPX 2841 seems to be a pivot
    JULIE

  • Darkthirty

    I noticed something while analyzing turns 20 years ago, still works today…

  • BobbyLow

    And how do you know that? I’ve studied price action on my 5 minute chart everyday for over 4 Months. I believe I know when the odds are in my favor to make a trade.

  • Darkthirty

    Scuttlebutt says you were shooting a 454 casull

  • Darkthirty

    VWAP 20 pts north of here 2874 ES

  • BKXtoZERO

    Best Indian place in Kirkland WA today. Celebrating tvix at Royal India. https://uploads.disquscdn.com/images/39bfd249a04daa4201c4b5dabac5346bb45c02cdcd2a69ef9d77bf24f02df835.jpg

  • BobbyLow

    I don’t want to say what that looks like. πŸ™‚

  • BobbyLow

    There’s a long shot to make it but it’s probably getting too late in the day to try and make hay with it even if it gets there?

  • BKXtoZERO
  • Darkthirty

    Dog ate too many bones at once…………

  • Darkthirty

    mama san

  • BobbyLow

    FWIW, here’s an example of what I look for as a tell in price action. From 3 PM until 3:05 PM the E-Mini Price rose 13 Points. This rise was more than sold off in the folowing four 5 Minute candles (20 Minutes) So trying to catch a run to the upside is futile when every rise in price has no follow through and get’s sold.

  • BobbyLow

    Looks like pudding of some kind?

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

    yes low?

  • BobbyLow

    I might add this time of day get’s even more dangerous because I believe as traders and Bots begin to unwind positions.

  • BKXtoZERO

    Mango chocolate and keer

  • Julie 35 – 25 – 36

    BL MACD 5,34,5 any time frame below it’s center line favors the short side Above center line favors a long
    JULIE

  • Mark Shinnick

    That tea looks great.

  • Darkthirty

    Damn daytraders!

  • BKXtoZERO

    Many doubters here on 3X Indian food.

  • Julie 35 – 25 – 36

    Yes the final hour and esp the last 10 min
    JULIE

  • BobbyLow

    As indicators go, I think MACD is one of the better ones and it’s good that you can put it to good use. My charts are almost Buck Naked now and I don’t have too many things to think about. But the bottom line is having a system that works. You’ve been successful doing what you’ve been doing and that’s all that matters.

  • Darkthirty

    Ow can ave any pudding if ya don’t eatcher meat!

  • BobbyLow

    LMAO

  • Darkthirty

    EDT

  • Julie 35 – 25 – 36

    What is important BL is observing where the bulls will defend Today SPX cash 2841 is important Yes price action and reading the tape is paramount
    JULIE

  • BobbyLow

    So since the 13 point up on the 3 PM five minute candle there were 4 candles down for 22 Points then a 15 back up candle and an 8 range flat, 7 range flat and a 9 point range flat. This is why I said I didn’t want to push my luck earlier. I wouldn’t want to hold $10 per point through this never mind $50 per point.

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

    let’s see if anyone wants to go long overnight…

  • BobbyLow

    Just opened a 1/2 position Short Oil via SCO

  • Julie 35 – 25 – 36

    Yes BL Caution is warranted Yesterday’s consolidation was overbought 2936 on the 60 min and today’s consolidation SPX cash at 2841 is oversold on the 50 min
    JULIE

  • Julie 35 – 25 – 36

    I may short USO below 11.21 Will post if I do
    JULIE

  • BKXtoZERO

    NUGT weak close.

  • Julie 35 – 25 – 36

    The nurse just took my blood pressure 119/72 She checked Cyd’s too 117/ 70 I should be released tomorrow She just did Grizz 128 / 82
    JULIE

  • BKXtoZERO

    What about weight and size measurements?

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

    clearly, the gauge is broken.

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

    Grizz has a gun 9 inches long, and weight 3 lbs.

    Dude!

  • Julie 35 – 25 – 36

    Weight 5 lbs above high school graduation
    JULIE

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

    hey, bullemia is *not* good for you.
    just sayin.

  • Darkthirty

    Drop down to a 1 minute the nuances are amplified..

  • http://gerb-reloaded.blogspot.com Gold_Gerb
  • Sp00nman

    Sorry to hear Julie. Hope you get better!

  • BKXtoZERO

    I just had mine taken too. 128/78 and that is after PIGGING OUT at the Indian place. Seeing sleep doc rt now

  • BKXtoZERO

    The report card from most of us guys here is old and cubby but that doesn’t stop us from dreaming!

  • Darkthirty

    IF the close was c of B of 2, symmetry says .618 retrace of 1, to complete 2, C would target 2997 or so

  • Julie 35 – 25 – 36

    Built for comfort BK .. Nothing wrong with that
    JULIE

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

    Macy’s.
    Julie likes straight lines.
    πŸ˜‰

    https://finviz.com/quote.ashx?t=M

  • https://evilspeculator.com Sir Mole III

    Today’s session opens the door on some real ugly scenarios. Yuk… then again, volatility can be fun πŸ™‚

  • Julie 35 – 25 – 36

    Hi Chief SPY selling volume today confirms the move down
    JULIE

  • BKXtoZERO

    Now you are catching the spirit Sir! It’s FUN! You will feel better!

  • Darkthirty

    This is my rifle, This is my gun, …………

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

    NDX weekly cash – key 7300 and that uptrend line (black) – break that and fireworks begin..fib targets https://uploads.disquscdn.com/images/8ad16dbe8388145f2a4f69c7500ff445bdca1d5bf11f6ac6c55a69e32fe47302.png

  • BKXtoZERO

    The next big problem comes when the bond market fails. Perfect that it is ramping now….it will be ground zero. Corporate bonds too. Keeping sharp eye on TMV

  • Mark Shinnick
  • http://www.quemango.com Herb InCebu

    And she’s buying a stairway to heaven…

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

    got lucky on the 2817 target

  • Mark Shinnick

    Then the piper will lead us to reason…

  • ridingwaves

    WMT to the rescue….this market is toast….

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

    trying some TMV bond short at 9.99. I will paint any car for 99.99

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

    for those outside the US who don’t have a Frickin clue what you just implied.
    πŸ˜‰

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

    put some lipstick on this pig.

  • Julie 35 – 25 – 36

    UNG A nice move today up into 55 ema Going to take profits and leaving 1/4 on
    JULIE

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

    did they discharge your feline @ss?

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

    nice Julie… I sold early but made good use of funds w/ TVIX.

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

    DB, ATL.
    when a bank fires a bunch of it’s employees, and the stock *still* goes down?…

  • Julie 35 – 25 – 36

    Hi GG In about 30 min They are getting a wheelchair as all people with surgery must leave in a wheelchair Crazy
    JULIE

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

    yep. been there. Had me wheeled to the front curb.

  • Julie 35 – 25 – 36

    $SPX Yesterday an intraday consolidation approx 2841 A consolidation to go lower ? Quite often the case.Thoughts anyone ? Perhaps a retest of 2822 low If so let’s watch volume on a retest if it occurs
    JULIE

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

    that equities rubber-band, is really stretched far IMHO.
    I speak of distance from the median. Nobody mistake me for an uber-bull.

    https://uploads.disquscdn.com/images/9cd7973e2e3368702b985a982e9e15a756eee9ec042b59a3d24a2c15be07e9c5.jpg
    (equities too cheap, treasuries too expensive)

  • BKXtoZERO

    TMV baby…. bond buyers will ask what they just did buying all that crap

  • Darkthirty

    Shoulda kicked ya to the curb

  • Darkthirty

    Didn’t need earl if you did business with bert weinman

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

    even that CougarBond, 2 year, is look too hot.

    https://stockcharts.com/h-sc/ui?s=CBND&p=D&yr=2&mn=4&dy=0&id=p71120572161

    edit: but perhaps, this guy is a lesson in trailing stops. not targeting an upper limit.

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

    one more leg lower possible – then a consolidation or rally – depends what this fall is! some indices oversold short term – but this price action resets everything

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

    Well, it’s that time of Year to review Platinum vs Gold.

    as you may have forgotten, Julie said we’d all get rich last Summer on that rich man’s silver.
    unfortunately, gold has outperformed.

    So, looking at the ratio. If you have a mine full of gold, perhaps you should think about trading it for some (unloved) platty. The speculation being that gold has nearly topped.

    https://uploads.disquscdn.com/images/d4e994d0950b9b5d53ffb343b18b440348a5e5361c36c84b4716408a9e87debd.jpg
    -HeisenGerb

  • HD

    Been following the OPEX week rules for a while now. Big down day, TAT(what a beauty), Wednesday did have a whip involved, appear to be getting our flat day today which exponentially increases the probability of _________ for opex! I’d do the study GL

  • BKXtoZERO

    You are such a tease!

  • BKXtoZERO

    The look on my face says it all!

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

    I don’t see any buyers, where’s the BUYERS!?

    this could get ugly.

    https://uploads.disquscdn.com/images/eaeee72afa0c7b204752e93922cee9df106b5b69435ab485884ca1e87140fb0f.jpg

  • BKXtoZERO

    Ok…out of my bond short thesis with a small ding on daily sized position. 9.99 to 9.68

  • Julie 35 – 25 – 36

    Stopped in Cheyenne for lunch 80 mph speed limit in WY No speed limit in MT Gonna crank it up on the Interstate Guys If you go there get there Only in WY and MT Denver to Bozeman 700 miles
    JULIE

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

    I wouldn’t do it. something goes wrong, you are already in a medically compromised situation.
    πŸ˜‰

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

    GG Grizz is keeping it 70 mph 2018 Dodge Ram 3500.4 X 4 Cyd will too
    JULIE

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

    SPX 2831, off to lunch.

    put in those the stub bids! GG moves markets.

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

    gawd, guaranteed roller-over. but the deer won’t stand a chance.
    πŸ˜‰

  • Mark Shinnick

    Bot 9.489. The thesis is sound….markets…a different story :/

  • HD

    Lol. New profile pic. I can’t see you on a MC now? Did you write the rules down last month? The month before? Not the first time I’ve gone over them. GL

  • BKXtoZERO

    I got back in after seeing that spike. 9.67

  • BKXtoZERO

    I need to copy next time.

  • Mark Shinnick

    That hit an accelerated TL for me…but those fills in fast conditions are not skill.

  • BKXtoZERO

    If China were to sell now would be a great time. What really happens….who knows. Unless they weaponize it like CB gold sales timed to do damage. If I had bonds and wanted my money back this works right here.

  • Mark Shinnick

    Against the majority of the planet’s populations, no question the goons put out of work as Commies during the 90’s have weaponized the banks.

  • BKXtoZERO

    Out of DUST flat after being up 4%. Aaaaarg.

  • Sp00nman

    I’ll take “down” for $100 Alex. πŸ™‚

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

    Firework Friday up or down..?

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

    Just went short CL

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

    I know nothing.

    *Nothing*.
    ROFL.

  • BKXtoZERO

    Ya…I am enraged 24-7. Today is was weasel wanker gold bugs taking out my stop and wiping 4% gain. I am triggered.

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

    You always post the prettiest charts lol. Very interesting support, thanks.

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

    Thanks,
    We try to keep it classy here at EvilSpec.
    πŸ˜‰

  • BKXtoZERO

    He is the eyes of Evil Speculator.

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

    https://www.youtube.com/watch?v=8IEQpfA528M

    Does the Devil have blue eyes?

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

    Time Check. that’s it.
    close up shop.

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

    A tip – trading dividend stocks.
    If something happens to the Dividend, there’s a reason.
    Don’t fall in love with the technical signals.
    https://uploads.disquscdn.com/images/a45bbaf3d2b67661a398a5100bde5b383640948b2a654eeff19d0f6c19521cfe.png

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

    80mph speed limit in WY?? Throughout the state?? That’s insane!

  • Darkthirty

    Looks like a turd of a turd on deck……..

  • http://www.captainboom.com/ captainboom

    I’m in Gillette, WY for the Pyrotechnics Guild International’s 50th Anniversary convention. I’m a big fan of the 75 – 80 mph speed limits out here. Thought about you as we went through Billings last Friday/Saturday, on the way back from Yellowstone with the grandkids.

    Thought about Mole when they did a big mascleta. Someday I’ll have to get to Valencia to enjoy the festivities there.

    If anyone’s close enough and has the time, the grand public display is tomorrow night. https://www.pgi.org