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Mid-Correction Crisis
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Mid-Correction Crisis

by The MoleMay 18, 2018

So I was catching up with the E-Mini campaign this morning and suddenly experienced a bit of an epiphany. Looking at the daily panel I suddenly asked myself ‘what the hell are you doing?’

Now don’t get me wrong, I’m not exactly unhappy regarding the fact that I was able to somehow squeeze out 4R+ in profits since the < 2600 lows early this month. But why do I keep expecting a directional move while we remain trapped in a sideways churn?

Well for one we are at a clear inflection point and given the prior gyrations odds have it that the bears are now going to throw another monkey wrench into the tape before it starts turning into a squeeze.

The VIX Sell signal I reported on yesterday is currently working in their favor and the window to strike is active until the middle of next week.

But obviously trading forward whilst always expecting what already lies behind you is a sure way of getting burned. Clearly volatility has been depleting over the past few months and that paves the way for more directional tape.

Timing all this however is next to impossible, to be frank. You just have to go with the swings as best you can. My volatility indicator suggests another swing higher looming on the horizon, and again we are talking realized not implied volatility here.

Translation: Anything can happen here and it probably will. Noise and price volatility produces uncertainty, confusion, and frustration among participants, which again leads to positions accumulating on both the bullish and bearish end.

One of them will end up getting squeezed and thus may at some point produce an outlier move beyond an important inflection point that once again shifts directional bias in one or the other direction.

This may sound a bit scary and error prone and it is. But it’s also where you need to get positioned if you enjoy trading break out markets. Which is my bread and butter when it comes to discretionary trading.

I don’t always get it right but when I do I am known to let my winners run. It’s satisfying not only from a monetary but also psychological perspective.

UVOL vs DVOL by the way has been weakening this week with the only exception being the Wednesday session. It remains to be as conflicted as most of us probably feel at this point.

Of course that exactly is the point as there lies profit in burning as many participants as possible during uncertain times. Once again, don’t hate the player, hate the game πŸ˜‰

The Zero has been insanely useful to me over the past few weeks and it continues to warn us of the various traps and tribulations we are faced with every session.

The big burn lower yesterday didn’t impress the Zero Lite (right panel) and seeing a turn on the dime in the late session came as no surprise to me. If you are an E-Mini trader but are not yet a sub then I suggest you remedy the situationΒ post haste.

Before I tend to my intrepid subs here’s a quick update on the Dollar. My early suspicion about the premature declarations of renewed Dollar weakness appears to have been justified.

Both the weekly and daily panel now suggest a run higher into about DX 94.5 where renewed profit taking will most likely take place. I wish I had bought that NLBL on the daily panel but after 10R on the big leg up it’s probably best not to get too greedy.

Yeah, you’re right Gordon – I can’t believe I just said that! πŸ˜‰

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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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  • Benson Burns

    What do you make of RUT back at record highs? This is where I’m most active and it just keeps advancing, to my M3 trading chagrin…

  • https://evilspeculator.com Sir Mole III

    https://uploads.disquscdn.com/images/ed8f786dd4a13d7284e89548babcd2e278630f6c23b214b6462f6da7a6266c21.png

    All time highs on the futures, I totally missed that. Looks like it’s ready to rock and roll. Should have played that one instead of the spoos.

  • Benson Burns

    It’s definitely interesting.

  • Edgy

    That’s one of the best cover pics………..
    …….
    …….
    …….
    …….
    …….
    In the world.

  • Ian Naugler

    POWER! MORE POWER!

  • ridingwaves

    a great place to be…more strength ahead…

  • ridingwaves

    opex today….be nimble…

  • BKXtoZERO

    Great Post Mole. Thanks for sharing. I too saw more dollar upside and have been waiting patiently for a “possible” low in metals to jump in on.

  • nirav777

    5 day sym triangle keeping this in the 12-28 range, but setup is there for bulls, else they will get smoked down to 04 maybe 2696

    https://uploads.disquscdn.com/images/45824bdfc5c8240ec76a27abd872aa865e36d894dd35467c3c928edcf3c689c6.png

  • bankwalker

    I tend to watch RUT as it will frequently lead the moves of the other indices.

  • ridingwaves

    silver looks to be in downside cycle, I sold out of small miner play, Not going to look at it until August…

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

    Solid analysis guys – well done.

  • bankwalker

    Hi Mole. Have you ever considered applying the zero indicator to /RTY or iwm?

  • BobbyLow

    Hey RW,

    I joined you on the Long side of Wheat with WEAT and /XW this morning. I’m a little late but I usually get in after a potential run starts and then get out a little after a run ends. A big fat (middle) of a run would be nice. πŸ™‚

  • Tomcat

    Very nice!

  • https://evilspeculator.com Sir Mole III

    Yeah, but it wouldn’t run much differently to be honest.

  • bankwalker

    OK thanks. I thought it might signal a little earlier as I’ve noticed that sometime RUT is the first to move at turning points.

  • Julie 35 – 25 – 36

    BAC covered short this a.m, bounce off the daily 21 ema for a small gain . Do not want to hold over weekend.BTW SPY Max Pain latest update 267.50 Shorted SPX at close Wednesday at 2722
    JULIE

  • Julie 35 – 25 – 36

    Chief Your $VIX sell signal …. You may want to include the Total Put Call Ratio. I use $CPC in conjunction with my $VIX signals. Chart is self explanatory with BB JULIE https://uploads.disquscdn.com/images/589bbc17733898bbebe1aaa4adeae67f06f840da0cea39c208c24dbff960daee.png

  • BKXtoZERO

    This tape is really hard to watch for me…. 2710-2720, 1 minute candles…. wondering if this is a MKT or a MKT maker? is it real? Like watching a glacier melt. I don’t even care who wins, just wish they would hurry up.

  • https://evilspeculator.com Sir Mole III

    If the tape upsets you or affects you emotionally in any way then take the day off. There is life outside of trading my friend.

  • ridingwaves

    Fed Daily Fodder- a daily chuckle on the idiots in the big chair.
    https://www.marketwatch.com/story/fed-official-banks-need-to-help-rent-burdened-customers-save-for-homeownership-2018-05-18

    banks helping poor people save for overpriced homes? The same overpriced dwellings you saved speculators and banks back in 2004 with your low rates and MBS buying spree. So PE and foreign PE could buy repossessed homes in bulk for pennies on the dollar to become rental overlords. Mr. Potter himself. Which led to this insanity on rent and home prices today

    Is there a way to legally shoot these evil idiots without repercussions? These ph%#$s need to be dumped in a river with concrete tied to feet….

  • ridingwaves

    for a while it was hanging on 6.66 and I was getting scared……

  • BKXtoZERO

    Thanks. You sure do know a LOT. You see everything. I feel sicker than usual today, I also got used to fast resolving MKTs, being frustrated with health makes it worse. Setting stop, walking away.

  • Julie 35 – 25 – 36

    SPX Today’s low and minor bounce off the Ichi Cloud conversion line (8) JULIE https://uploads.disquscdn.com/images/3f17655f5e270381d642b72fb234fa6ccf7926506b3b45c8d9205e74f312b8ec.png

  • ridingwaves

    just an observation, you climbed too far back into playing catch with the big boys based off your success of playing TVIX last 6 months, great to have confidence but you know how that works in the market…your new discipline is being tested…..go work on the back yard….better yet head up to Snoqualmie pass and feel some nature…

  • Julie 35 – 25 – 36

    BKX The market always provides entries and exits Never have to rush a trade or feel that you must trade. Always patience my friend. BKX Have A Great Weekend
    JULIE

  • BKXtoZERO

    You are dead on. These guys are artists and are getting back in their groove more. You guys specialize in this tape for sure. Have a good weekend all! I am OOOOT! small ding on 1R TVIX 5.4 to 5.17

  • ridingwaves

    they get me when I get cocky too…..it’s almost too noticeable to notice….you get my drift…

  • https://evilspeculator.com Sir Mole III

    Good choice. Have a nice weekend and come back with a fresh and strong mind.

  • https://evilspeculator.com Sir Mole III

    Do you guys play TVIX short, long, or both?

  • https://evilspeculator.com Sir Mole III

    Oooh so you are not a member, otherwise you’d know my full collection of kick-ass MOMO indicators. You are missing out Julie!

  • BobbyLow

    Unrealistically Low Rates are what ultimately made home ownership out of reach for many people. I was living in South Florida in 2004 and watched the same home I could have bought in 1998 for $130,000 rise to over $500,000 by 2007. Flippers made shit loads of money, Banks made shitloads of money, and housing prices are still way out of line 14 Years later. I was waiting to read somewhere in the article where people could begin saving $20.00 per week and get paid 1.5% interest tax free and in 25 or 30 years have enough for a down payment on a new home. But inflation would wipe that out so they still won’t be able to buy a new home. πŸ™

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

    @July – see below reg. CPCE.

  • Julie 35 – 25 – 36

    GG The CSCO short …. Yeah ! Did not play it but we had it nailed. JULIE https://uploads.disquscdn.com/images/29d7b133f5b737a8a204a2447fdad94c25a724fa177d7ff3fc0073e86454198a.png

  • https://evilspeculator.com Sir Mole III

    I lived in S. California and N. California between 1991 and 2012, so I saw it all firsthand. Complete insanity and right now home prices are right back to where they left off in 2008.

  • Julie 35 – 25 – 36

    Chief I will sometime today show you another version $CPCE chart that is Kick Ass ! Must get back to work now
    JULIE

  • BobbyLow

    Ain’t that the truth. One of the things I try to do is to stay as humble as I can be. Sometimes, I can feel myself getting cocky and a little arrogant. When this happens the market gods take care of it and slap me upside the head to bring me back. πŸ™‚

  • https://evilspeculator.com Sir Mole III

    Same happened here in Spain by the way and in Valencia home prices are now rising about 10% every fucking quarter. It’s once again completely out of control – another bubble forming.

    And what do we learn from that boys and girls? People in general have very short memories and almost nobody can resist a good old fashioned market bubble. Whatever you do, don’t be the last guy on the way out who’s left holding the bag.

  • BKXtoZERO

    ya, I have that same internal awareness. I am a bit of a joker so if there is joy, I can be a pain in the balls with some gloating but internally I know that marks a time to stop.

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

    more like ‘the one that got away’.
    no one’s going to believe that fish story.

    https://uploads.disquscdn.com/images/971050714e7ff54c6183aa07bbd24a31730966f303155b9f821117876f884c6a.png

  • Tomcat

    Looks like bears have something to look forward to in June.
    https://evilspeculator.com/statistics/?symbol=SPY

  • Julie 35 – 25 – 36

    GG We had it Bro and it got away LOL !
    JULIE

  • BKXtoZERO

    Short Crude, (Long DWT), 0.5R from 7.26 after giving up on VIX today. Have a good weekend all!

  • BKXtoZERO

    I follow a cycles guy and he has a low end of May/early June, also FED article I posted shows BIG bonds sales set for May 30th, last one was just this 15th and that was spiffy.

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

    I should have known better.
    RSI was not in the 70+ range.

    It was around the 55 range, and the “I’m so nervous I’m going to tighten my stop on long positions”, kind of thing.

  • ridingwaves

    I don’t know if their is too much room to short it now….I think I would short the UVXY or VXX before TVIX…

  • Julie 35 – 25 – 36

    U2 Bro! I am still short Texas Tea (very small position i.e. probe) Patience my friend
    JULIE

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

    and if I *really* knew this stock, I would have checked the earnings date..for volatility.
    (face palm)
    https://uploads.disquscdn.com/images/e84f30e6d60c3925a171b2cd6417a1792adb4bdd66428312e37b8887bba4a425.png

  • BobbyLow

    Another thing I’ve been seeing in my area are ads by Major Car Dealers screaming “If you have a job and $149.00 You Can Buy A New Car!” Here we go again. . .

    I just bought another car and I was talking to the salesman about this and he said he had one guy who tried to trade a car that was over $14,000 UPSIDE DOWN. (He owed $14,000 more on the car than what it was worth.) Nothing was learned from the 2008 fiasco or perhaps lessons were learned but they just don’t care.

  • Julie 35 – 25 – 36

    GG I too have Deer In Headlight Syndrome….. Always another trade. The real trade i.e. CSCO short will be the lower high. Let’s watch for a lower high and volume on a 50% – 61.8% retracement matching the conversion line (8) and baseline (21)
    JULIE

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

    good idea. just remember, it’s the strongest. the meat may be tough.

  • ridingwaves

    actually low rates caused deflation too, with half the nation on fixed incomes you were cutting off their extra spending money….but bankers made out like pigmen….

    the sheeple will panic when rates get to 6% on mortgages, it will be epic to watch from a far ….I think the fed is now trying to control their madness and know’s it a bubble but won’t say so, they are unloading MBS incredibly fast on their balance sheet….and they will keep raising rates until they get 20% decline at least in housing prices….specs be damned…

    were so in debt, rates have to go up to get t-bill, bonds buyers to float the deficit over next couple years….got popcorn…

  • ridingwaves

    read some interesting stuff on the latest extradition try of the catalan leader in belgium…..lots of fireworks in that country right now…

  • ridingwaves

    my flat is so overpriced right now I look at the latest estimate just to get a chuckle or 2….

  • Julie 35 – 25 – 36

    Remember Guys The Monday following OPEX has a bearish bias.Everyone Have A Great Weekend !
    JULIE

  • ridingwaves

    I’m in the industry and might have called the low on autos when GMAC now ALLY was rescued by govt. The govt. started the subprime ABS market again back in 2010-11 explicitly to increase auto production thru-put…

    Auto is a huge sector of the economy, it filters into almost everything.

    Far easier to start there and let housing ride behind that first wave of auto paper. By lowering tiered rates and credit standards they actually provided credit for the folks caught up in the great depression 2 via fico score destruction.

    It was a gamble that paid off again for the bankers….The upside down loans you speak of are everywhere…

  • BobbyLow

    I agree that raising rates would lower housing prices. I think it’s going to take some time though especially if the fed funds rate is only raised .25% every two meetings. But eventually it should happen.

    Speaking of mortgage rates, I bought my first home in 1967 at a 6% Rate but the home only cost $15,000. The next 3 homes I bought in the 70’s were with 7% to 9% Interest Rates. The most expensive of the 4 homes cost $36,000.

  • Julie 35 – 25 – 36

    Chief — BL — RW Great commentary below Guys on real estate. Also Chief stated people having poor memories. How many people remember the last Bear Market over 9 years ago esp the millenials . How many stockbrokers were around then. For Funsies when we were in Hawaii on vacation I visited a BACML — You would not believe what was discussed by the brokers in the office . I played the role of a Dumb Blonde ! ! They have no idea what they are doing just a bunch of salesmen. Not a broker in that office has seen a Bear Market. I asked if BAC had relative strength with the general market and ? ? ? Too much and people trust their life savings and retirement accounts with these idiots. Sorry for the long winded dissertation but it is only the truth
    JULIE

  • Julie 35 – 25 – 36

    USO Showed this chart and comment last night on previous thread JULIE https://uploads.disquscdn.com/images/d53e3952aefc2b03555df889d1e1c1c38a34a4a66b8ce882c62770288ee573a9.png

  • BKXtoZERO

    Enjoying myself now before heading out. Al’s best customer put downs: https://www.youtube.com/watch?v=IRCHBi0DRFg&t=238s

  • https://evilspeculator.com Sir Mole III

    It’s a slow motion train wreck. I choose to ignore most of it as I am already way too distracted with all the crap coming out of the U.S.

  • https://evilspeculator.com Sir Mole III

    Wow, some people really are horrible when it comes to their personal finances. And here I am zipping around with an electric scooter. Works perfectly in a small city like VLC and it costs me a few bucks in electricity. No insurance, no gasoline, no monthly payments, and it’s a hell of a lot safer than riding a moto or a car (we have a ton of bike lanes).

    Now if/when I move back stateside it’ll be somewhere in the boonies and I’ll simply buy myself an old Harley and ride that back/forth to the gym. You can pick up a decent one for $15k or something and it’ll last you forever.

  • https://evilspeculator.com Sir Mole III

    That exactly was the problem, it was a huge gamble that paid off in spates. Which is why we find ourselves in the very same spot just a decade later. Next time the banksters won’t be as lucky as there will be zero willingness/ability to launch another series of bailouts.

  • https://evilspeculator.com Sir Mole III

    Boy and I thought I was an old fart πŸ˜‰

  • BobbyLow

    People who began buying stocks in 2009-10 only know good times and what a run it has been . I know the feeling although it was only for 3 or 4 years for me because I began trading just as the Tech Bubble began to take form in 1998. Trading was about as easy as it gets in 1999 and 2000. I had visions of chauffer driven limo’s back then. πŸ™‚ OTOH, people who began trading in 2002 to say 2005 and survived learned how to trade when trading was not easy. I think they were better off because going from easy to hard took me at least a year or two to realize just how hard it was. . .

  • BobbyLow

    LOL

  • BobbyLow

    Julie, I love you and all that but I’m still long crude. Please stop jinxing my trade. πŸ™‚

  • ridingwaves

    Ally lowering tiered rates caused a ripple effect on other lenders whom to keep some yield had to lower there rates, lower risk models and wala here we are again. Low rates created more risk taking and risk models were thrown out the door in favor of get this-Volume, when buying paper in the 90’s I had to maintain a yield of 13% while keeping risk model below 4%….that today would be insanity as you wouldn’t see any paper flow thru, I’m waiting on the bad risk models to get an awakening….

    but bankers, lenders would love to have that yield now…..it would be better than any bitcoin

  • Richard Adler

    Thank you for the laughs

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

    it isn’t Julie, it’s your greed. (not that greed is bad).
    πŸ˜‰

    http://stockcharts.com/h-sc/ui?s=%24WTIC&p=D&yr=1&mn=0&dy=0&id=p01443653079

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

    weekly blows up your envelope so its not built for it….daily, go back 5 years and see the gap…74-75 spike is where my final 1/3 is gone….on moves down and north the envelope is not followed.

  • BobbyLow

    Ya but sometimes one must think “outside the Envelope”. πŸ™‚

  • Julie 35 – 25 – 36

    USO The bearish rising wedge and upper channel with the MACD and STOCHS rolling over.RSI @ 70 JULIE https://uploads.disquscdn.com/images/880d05baa1aa65b7b6b08cb9f0c7ad62e87aee93ea0464733b5a27b529937760.png

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

    weekly is for my subscribers.
    A Jedi thinks not on these things.
    https://uploads.disquscdn.com/images/74825bd5bac6aebee0d465691f7349863b654c9e7f3df34e3e8cb855f9cbfe23.png
    πŸ˜‰

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

    lunch time. I’m out. time for some Friday kale.

  • Julie 35 – 25 – 36

    GG Lunchtime in the Big Sky too
    JULIE

  • Julie 35 – 25 – 36

    DB One fugly chart. DB is a leading indicator …. Might be worth a trade long next reversing candle. A bullish falling wedge pattern RSI and MACD positive divergences. Target resistance matching the declining 21 ema and upper downtrend line. Going to try to catch it JULIE https://uploads.disquscdn.com/images/676d7d5dc67d23d03cc1fcba986c4cb12c286118b764f7a04a4437aa24a357d8.png

  • BobbyLow

    Might be a glutton for punishment but I just went Long Gold /MGC $1293.30

  • Julie 35 – 25 – 36

    DB Pattern recognition since the decline from January a selling climax and exhaustion oversold a pop follows
    JULIE

  • Julie 35 – 25 – 36

    BL Yes ! $GOLD Bullish ascending triangle Down to confluence of weekly 89 and 144 ‘ ema’s ; Lower rising trend line ; fib retracement confluence ; oversold IMO a longer term trade and do not get run off Shown $GOLD weekly chart. Looking at $GOLD this week and thinking same as you. Again IMO patience and do not get run off Just saying BL. Also daily chart not shown oversold and a bounce off it’s daily 377 ema ( 377 is a fib number 144 + 233 = 377) Initial targets 1314 and 1320 then reexamine https://uploads.disquscdn.com/images/c3360a600c4015189482890bfe3c3283fdd7d8c7826e2e81725d59a535a96195.png JULIE

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

    $GOLD daily chart 377 ema matching the weekly 89 and 144 ema’s oversold like weekly chart JULIE https://uploads.disquscdn.com/images/ce6c9c717d0fe4f799cf9002af51cc3fcae1dd00e8413ff96aa4fb0d26dbe57a.png

  • BobbyLow

    Thanks Julie.

    I usually trade shorter term trends and must honor my stop when it happens. Of course I would love to see a shorter term trend develop into a longer term trend and if it does that would be great. We don’t have a short term trend yet just the budding possibility of one developing. In the mean time if nothing develops or my trade goes bust by my rules then I’m out and it’s on to the next thousand trades. πŸ™‚

  • bluprint

    whats the call/put ratio on acxm? rumors swirl and last night a bear literally walks on campus.

  • Julie 35 – 25 – 36

    The “Hell” with the Bulls esp. the Oil Bulls .. It’s the turn of the worm !
    JULIE

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

    You talkin to me? πŸ™‚

  • Julie 35 – 25 – 36

    GLD A bullish candle closing above it’s daily 5 ema and lower gap resistance and Julie is long and gone ! JULIE https://uploads.disquscdn.com/images/991159c37ee35fdfb094f3e78331c3914171dee80d674327da00f75c481c6617.png

  • BKXtoZERO

    checking in, what a small range day on op ex…. whoever is accumulating or distributing KNOWS what comes next, I don’t. Nice launch point for 2750 or tankarooski. I left a small token VIX play but no idea. Good luck any weekend holders.

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

    BL LOL ! Have A Great Weekend Bro !
    JULIE

  • BobbyLow

    Just an FYI that Wheat Futures closed only 50 Cents below the HOD. I expected a little profit taking just before the 2:20 ET Close but it didn’t happen.

  • BobbyLow

    You too Julie. πŸ™‚

  • bluprint

    by the way that is extremely unusual here. i ride my bike to work on nice days. ive lived in this county my whole life. there might *technically* be bears, but mostly not right in town!

    i mean…a bear. came in from the highway. i mean he might be at my house next!

    i mean, i don’t know how much bears have to do with trading…

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

    real Bears come into urban locations when wild terrain is unproductive or lack of water.

    In case you’re not trolling, a bear description link.
    https://www.investopedia.com/terms/b/bear.asp

  • Julie 35 – 25 – 36
  • bluprint

    no we really got an email from security with the camera shot. and i’m serious it might be technically *possible* but this is hilariously unlikely. no droughts or anything abnormal with wildlife. spring might have been a tad more dry that usual, no rain-outs in softball this year but not no rain…

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

    it’s a sign then.
    πŸ˜‰

  • ridingwaves

    needs to stay above 6.73 in the interim, could go all the way back down to 6.50 if it wanted to and still be bullish. About ready take off…chart is looking sweet and getting better the longer above 6.50

  • bluprint

    tbh my biggest concern is whether i’ll find one in my yard next or hit one riding my bike. i’ve got a couple english mastiffs but never thought i would need them here!

    but i couldn’t help but post that here….just too funny.

  • ridingwaves

    going to look hard at IDRA this weekend. Short term move to 2.50+ could happen in next 3 weeks…

  • https://evilspeculator.com Sir Mole III

    Have a good weekend everyone.

  • BobbyLow

    Have a great weekend. Be back at em Monday.

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

    oh, *that* kind of IDRA

    I thought you meant drone racing..
    https://www.idra.co/

  • Julie 35 – 25 – 36

    I got out of my BAC short too early . There was bounce earlier this a.m. off the confluence of the daily 21 and 55 ema.s and covered for a profit. Oh well Did not want to hold BAC over the weekend. I am holding SPX short over the weekend. Shorted at 2722 close on Wednesday. Also retaining short probe USO Everyone Have A great Weekend ! Now back to work
    JULIE

  • BobbyLow

    You too Mole.

  • Julie 35 – 25 – 36

    You too Chief Thanks for everything
    JULIE

  • Julie 35 – 25 – 36

    Julie’s Yield Curve Exit Indicator …. Not updated to include today. The 5 ema has crossed below the 21 ema If and when the Slope goes negative with the bearish ema crossover —- Put crash helmets on …. Gloom and Doom ! It will be curtains. Crash helmets available at local motorcycle dealerships ! JULIE https://uploads.disquscdn.com/images/6efde0c07696d24dcb52900818b82e606dc5b4c8c528c249ff69dc3ce26d6f42.png

  • https://evilspeculator.com Sir Mole III

    The Slope is always negative (insider joke).

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

    Two more rings.
    1.0 and 0.764
    more trivia than tangible. I’ll keep an eye on it.

    https://uploads.disquscdn.com/images/b54ec641d653e626ffac3487e2f2ce57f293e412272a366a962222e6a2ad02d3.png
    “maturam speculationis”
    -GG

  • Julie 35 – 25 – 36

    CAT Looking to short at two horizontal resistances (blue dotted lines) JULIE https://uploads.disquscdn.com/images/473448db28db28836749bb5c660c4ae6ad6b76fbd59793735bbd0d8386eb9385.png

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

    The weekly $NYMO is in limbo + 60 is overbought – 60 is oversold. Combine with both stochastics overbought and oversold JULIE https://uploads.disquscdn.com/images/0144fd6eae2e68d5ccda43aa559e84975c44e2dc6341fc6cef993b447d33aa4b.png

  • Julie 35 – 25 – 36

    Chief I have even another $CPCE chart that I will present on Monday that will make you green eating Spanish tortilla
    JULIE

  • Julie 35 – 25 – 36

    GG WFC The weak bank was a short (still is) First a bullish falling wedge pattern with positive divergences down to a support zone. The positive divergences usually means a trip higher to the 55 ema or higher. In this case the 89 ema. Up into the top of two parrallel channels with a corrective ABC pattern. Also into the upper Keltner channel and a resistance zone overbought It attained the minimum 38.2% retracement but could go higher. Let’s watch for a bounce off the 21 ema or the minor lower channel . The lower channel approximates a 50% retracement JULIE https://uploads.disquscdn.com/images/d9697b78d7aaffac14c8448d0d6ab7a99d00fff0206c735e6cb275c187a608eb.png

  • Julie 35 – 25 – 36

    WFC Weekly chart corroborating the daily chart WFC up into the confluence of the weekly 21 and 55 ema’s. Approaching overbought stochastic 5,3,3 but not 13,3,3 so the potential exists for it to go higher Shown WFC weekly chart Also looks llkes an impulse down from the February high easily seen on the daily chart JULIEhttps://uploads.disquscdn.com/images/08d8d5ed047cd0024ed9b3b80a2c523fdf1c12c6156a1c7c5631bcefc255f25d.png https://uploads.disquscdn.com/images/08d8d5ed047cd0024ed9b3b80a2c523fdf1c12c6156a1c7c5631bcefc255f25d.png

  • Julie 35 – 25 – 36

    WFC Weekly chart confirming the bearish downtrend i.e all 3 indicators below their center lines. RSI 26 below 50 ; MACD below it’s center line and Full Stochs 50,3,3 below 50. The 4th the bearish crossover of the 17 ema below the 43 ema JULIE https://uploads.disquscdn.com/images/d608148301d309383172422ee814385f1c16568ec02ba3ada12c31f753c35a39.png

  • Julie 35 – 25 – 36

    I do not watch tv I read charts and make money LOL !
    JULIE

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

    How would you like to work in the Wells Mortgage division?
    that’s a promising career.
    πŸ˜‰

    https://www.zerohedge.com/sites/default/files/inline-images/wells%20mortgage%20apps%20q1.jpg

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

    GG Finishing up dinner and dishes. The Chief is going to scold me for a little wave wank but ….. FFTY (IBD Innovator Fifty Fund) A breakout of the triangle. I was able to redraw the lower trend line marking the completion of the E leg of the triangle and a triangle mid line. An impulse up now from the end of April low (hammer candle) with the 3rd wave being the breakout. Wave 4 down retracing 38.2% and retesting the upper triangle trend line. Now pattern recognition indicates a possible small move higher to complete wave 5 of the impulse. Note (pattern recognition) the previous RSI moves to 70 and the MACD able to rise a little farther (horizontal dotted blue line). A confirmed completion and expected pullback will occur with the break below the trend lines on the CCI (20) Strong possibility of retesting the January high approx 37. That would be a double top.But …. The recent impulse suggests a corrective pullback then a resumption of the advance. Let’s watch how the pullback develops for an entry if you wish. The breakout of the triangle implies an advance also JULIE

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

    GG It would be nice if FFTY traded more shares
    JULIE

  • BKXtoZERO

    Mole will be washing his eyes out with bleach AND harming puppies Julie.

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

    GG https://uploads.disquscdn.com/images/55956d5b05ef8e0582702615da5766475992107c1ac2618a9c887d27b1d9ac23.png GILD Remember Buy a bullish close above the 5 ema Target approx 69 meeting the declining 21 ema ; lower trend line and lower gap window JULIE

  • Julie 35 – 25 – 36

    Ronebadger The retracement for the consolidation.high ….. 61.8% of course JULIE https://uploads.disquscdn.com/images/1c29ff119108170292741d4990ba30c92c76404ad0f1089d385915c42c6df64b.png

  • Julie 35 – 25 – 36

    TTD Guys We gotta nail a pullback What a breakout with momentum and volume JULIE https://uploads.disquscdn.com/images/fd6d134d76a920e4085f90d3bb1d82e6acfecafb95785b5436b16a9249f16b62.png

  • Julie 35 – 25 – 36

    WOW Guys! TTD Daily chart right up to upper Raff regression It pulls back now we watch the levels shown. We can nail it guys ! JULIE https://uploads.disquscdn.com/images/1569dd69a877d8e30960b74c9509472d8e153110be6e2b06983dc84cfe7a9667.png

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

    ES opens Sunday … up 18 … in first 5 mins

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

    There’s an old saying chap.
    “You can lead a Hobbit to water,..”

    http://www.en.etemaaddaily.com/pages/entertainment/filmtv/9746ianmckellen.jpg

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

    GG I saw that . What a sad occurrence .
    JULIE

  • ridingwaves

    I would have never left my friend to be eaten by a cougar, even it it meant death. Ever…..

  • Julie 35 – 25 – 36

    RW Me Too !
    JULIE

  • Julie 35 – 25 – 36

    RW EXAS Friday an important close above a resistance. Also daily chart a bullish ascending triangle may possibly be developing. Oversold. High volume highs are usually retested April 27 JULIE https://uploads.disquscdn.com/images/105d70e8a5090c7312988f0f0922e8bdb7c7c7f4c603eeb6b145ac976de03a2c.png

  • Julie 35 – 25 – 36

    EXAS Weekly chart At upper cloud resistance and overbought. 53 — 54 is going to be tough La https://uploads.disquscdn.com/images/60c4a0ef71d4fa3c58bd16a8f611ed91c721cc433306f5dcf1c8107972030412.png st week a hanging man candle JULIE