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The Tour Guide Of Valencia
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The Tour Guide Of Valencia

by The MoleJuly 11, 2019

My quant buddy Tony happens to be one of the most intelligent and hard working people I’ve met in my life. And before you quip that I should get out more often let it be said that I used to live & work in Silicon Valley until the Dot.com bubble burst back in 2000. So I have met my share of smart people and exasperating nerds.

Not surprisingly Tony has been trading the house down during the first two quarters of the year, and since he’s a fervent bachelor he decided to reward himself by embarking on a hedonistic tour through Europe that apparently involved a strangely lit Scottish castle.

After a stint in Barcelona Tony has now decided to top it all off by inviting himself to the lair for a few days. Which in turn means that I’m once again forced to play Spanish tour guide here in Valencia. Which I actually love to do – but NOT IN THE PEAK OF SUMMER!

I have no idea why everyone always insists on coming here in July or August – by far the hottest and most humid months of the year. I usually spend both months hiding out in the lair with the shutters closed and the A/C cranked up the max (on dehumidifier mode). Only to emerge out of hibernation in mid-September when it usually takes me a few days to get reacquainted to sunlight.

Northern European tourists in their natural habitat.

 

Why – oh why – doesn’t anyone come to visit me here in April or May when it’s a lovely 68º F (20º C) or perhaps during September or October once the roaming herds of overweight pink skin barbarians have returned to their frozen hellscapes in the North? Both spring and autumn are extremely lovely here in Valencia, but alas – for some reason everyone insists on coming here during the peak of summer.

Anyway, enough with the bitching. And to be honest I’m really excited to finally meet Tony in person as he’s only been a virtual friend up to this point.

So my E-Mini long entry was triggered during yesterday’s early morning ramp. My stop has been advanced to break/even, which may be a bit early but to be honest it’s time for this thing to get out of the gate. It’s summer – and therefore way too hot for silly games. Let’s git ‘er done.

Okay so I want you guys to take a peek at the 30-year bond futures for a second. The long term panel is actually quite fascinating in terms of how the recent two legs higher differ form the price action over the preceding year (and probably further back).

What stands out is the lack of realized volatility on the way up and although we are now obviously completing some sort of correction I find the recent mojo exhibited in the treasury bonds quite fascinating.

Of course on the short term side of things we are seeing quite a bit more whipsaw, which IMO suggests an attempt to shake out weak hands. Once a more convincing floor pattern is in place I would be very interested in accumulating a few long positions here.

My Dollar campaign has been stopped out ignominiously at the 1.5 mark. Very disappointing as this one had all the makings of a runner. On the upside however we may be painting an inverted H&S pattern and I’m planning on jumping back in after the 100-day SMA has been thoroughly tested.

More goodies below the fold for my intrepid subs:

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Public Service Announcement

Since I’m playing tour guide for Tony I won’t be able to post tomorrow. Which gives you plenty of time to watch a few episodes of my Price Action Masterclass (pimped below).

SHAMELESS PLUG

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

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

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

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

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


About The Author
The Mole
Mole created Evil Speculator amidst the chaos of the financial crisis in early August of 2008. His vision for Evil Speculator is a refuge of reason, hands-on trading knowledge, and inspiration for traders of all ages and stripes. You can follow him and his nefarious schemes at the usual social media waterholes.
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  • http://batman-news.com RacerXX

    Still laughing to myself remembering when you first moved there.

    https://youtu.be/CXpm7Dd14W8

  • HD
  • Julie 35 – 25 – 36

    Excellent comment Bonds Chief. Thanks
    JULIE

  • Julie 35 – 25 – 36

    GLD and SLV Inside days so going to take some profit SLV long The miners have really made a nice move
    JULIE

  • Julie 35 – 25 – 36

    $COTTON has come down to target 62.50 2nd target 60. Going to wait for close BAL (thinly traded)
    JULIE

  • Julie 35 – 25 – 36

    CAT Small bounce off it’s 21 ema. Posted yesterday looking for a bounce to a lower high to short. Also per chart previous thread AAPL very strong resistance 208 – 209 for a short
    JULIE

  • https://evilspeculator.com Sir Mole III

    Oh in Madrid? Those fuckers were playing this for hours on end near our apartment. To this day I can’t stand listening to Vivaldi anymore 🙂

  • https://evilspeculator.com Sir Mole III

    Where is everyone today?

  • HD

    Unless we get a news event or tweet this appears to be sideways at R price action.

  • Julie 35 – 25 – 36
  • HD

    I’m at the gym. Chest day. Got to catch up to you.

  • Julie 35 – 25 – 36

    UNP I may short this “Jack Poop” bounce into the upper down trend line Guys the Rails are weak with a rounded top
    JULIE https://uploads.disquscdn.com/images/1b7c0fc091e18cae022c6412f180ab6774d9ad1296298639045212228cd87165.png

  • BobbyLow

    Yep. The price action has pretty much sucked all week.

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

    believe it or not, TLT has ‘had it’s fun’.
    SPX may come roaring back ratio-wise.
    https://stockcharts.com/h-sc/ui?s=%24SPX%3ATLT&p=D&yr=3&mn=0&dy=0&id=p73150908175

    edit: IMHO, it’s significant, you can seen the median on this oh so tight envelope.

  • https://evilspeculator.com Sir Mole III

    Not sure what everyone is complaining about – we are at all time highs.

  • Julie 35 – 25 – 36

    Hi GG Again watch TLT at 130 coinciding with a possible top SPX SPX 1.272 extension 3015
    JULIE

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

    sure captain, in dollars

    have you seen it based in gold? eh?
    😉
    https://stockcharts.com/h-sc/ui?s=%24SPX%3A%24GOLD&p=D&yr=1&mn=4&dy=0&id=p57682223048

  • BKXtoZERO

    Where is VIXo?

  • Julie 35 – 25 – 36

    Hi BL SPX higher highs on weak volume spells distribution. Strong hands selling to weak hands
    JULIE

  • ridingwaves

    hunting momo rabbits….they let me back in at 16.80 following day..

    ridingwaves Mod • 3 days ago • edited
    SOLY is on fire, just how many women who have had kids want to erase celluite, tattoo removal in the cards…..
    broke out to 29, sold private placement at 14, has fda approval……16.74 and counting, could it run back to 30

    ridingwaves Mod ridingwaves • 3 days ago • edited
    scalped 1.80….waiting for reaction from folks who are now even when it hits 18.70, it pushes thru there and katy bar the door, thought they could get it to 16.20 area but momo too strong…..may the tattoo and cellulite removal force be with you….

  • BKXtoZERO
  • Julie 35 – 25 – 36
  • BKXtoZERO

    Gerb would find the one MA that touches the lowest low…..

  • BobbyLow

    I was talking about the day trading price action. As far as being at all time highs go, maybe the sky is the limit. However, I’m only thinking about trades one day at a time.

  • Julie 35 – 25 – 36

    Very important Guys Next week kicks off the big banks reporting. Going to be very interesting
    JULIE

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

    forget 80 & 160, blondie is misleading.
    188 is the way to go.
    😉

    https://stockcharts.com/h-sc/ui?s=%24VIX&p=D&yr=1&mn=4&dy=0&id=p24223396547

  • BKXtoZERO

    I knew it…. Gerb always gets his man!

  • BobbyLow

    Hey GG,

    After checking out UGA, (Gasoline) prompted by your comment yesterday, I found that it might be a decent trader for me. It’s had a really good run – about +$5 around + 18/19% since about June 19/20th. It might be too late for me to jump in now. I wish there was a Short sister of this thing to take the other side of when the time comes. (It might not be shortable due to relatively low volume.)

    In any event, I’m keeping an eye on it and thanks for the heads up on this one.

  • https://evilspeculator.com Sir Mole III

    True that.

  • Julie 35 – 25 – 36

    BL Very interesting when the refineries change their gasoline winter blend to summer blend. Very interesting follow up I believe there are minor shutdowns during the process Something else in the U.S. there has not been a new refinery built in over 30 years which I read about several years ago
    JULIE

  • BKXtoZERO

    a plant in Philly blew up and is offline

  • Julie 35 – 25 – 36

    EXAS Dumping Want to short a lower high on bounce Busts the 21 ema going to watch 110 ; 105 and 100
    JULIE https://uploads.disquscdn.com/images/618b06d79309faeb67717ee98bedf1bf044fa6b6b80752daeb57953a686a5836.png

  • Julie 35 – 25 – 36

    Disneyland yesterday The family has been offered a guest appearance on the tv show Family Feud lol Trips to Disneyland have been cancelled. Too much
    JULIE

  • zzezzezz

    Hey folks, been completely busy with our newborn the past 3 weeks, so I haven’t posted/read much here. I’m still long /ZC.

  • Ronebadger

    Let us know when to watch

  • Julie 35 – 25 – 36

    Hi Z Saw the picture you posted of your new addition Very nice Getting ready to go long $COTTON as it has come down to one of my targets 62.50
    JULIE

  • Rightside

    Yeah, but TYX >26 now

  • BobbyLow

    Hey Z was thinking about you recently. Congrats on your newborn! 🙂

  • Julie 35 – 25 – 36

    Let’s watch TNX and TYX at their 55 ema’s on bounce
    JULIE

  • BKXtoZERO

    Congrats!

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

    off to lunch.
    11:11 – make a wish

  • Julie 35 – 25 – 36

    CAT Still holding 21 ema Again want to short a bounce to a lower high 136.36 target for bounce if it occurs
    JULIE

  • ridingwaves

    auction demand not so good today supposed reason for sell off….what say you next thursday…..
    https://www.treasury.gov/resource-center/data-chart-center/quarterly-refunding/Documents/auctions.pdf

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

    congrats – 1st one?

  • ridingwaves

    out 1/2 🙂

  • BKXtoZERO

    VIX green. TVIX just poked green reversing gap

  • BobbyLow

    You snooze you lose. I was on the phone with IB ironing out some details on my new trading account while waiting for the banks to sync up so I can fund it and I missed a good short entry.

    I’ll still keep my account open with TOS for now but their trading fees on Micro Futures /MES are way too high. Swing trading with TOS is fine but day trading with multiple trades eventually got to me because after each trade I felt like I was getting unnecessarily whacked at a ratio of 4 :1 for each round trip trade cost. This ratio is even after I negotiated a dollar off of each round trip with TOS about a month ago.

    I’ve been working off and on with an IB paper trading platform for about a month and I don’t like it as much as TOS but I think I can make it work for futures. I called TOS as late as yesterday to see if there was any possibility if they would be lowering rates in the near future and the answer was no. After 20+ years, I said well, OK then.

  • BKXtoZERO

    IYR slipping. That has looked like distribution for a while now.

  • Julie 35 – 25 – 36

    BL I negotiated with Scottrade. They were bought by TD Ameritrade (TOS) and they have honored my negotiated rate
    JULIE

  • zzezzezz

    3rd one! 🙂

  • ridingwaves

    problem is the market might not dip down more than 3% the rest of the year…someone here mentioned a mid term cycle for this year was positive back in Jan. I believe…I scaled back on down move expectations,

    with low rates, could go lower, Reits should remain strong

  • BobbyLow

    I’ve successfully negotiated with Ameritrade and TOS a number of times on regular stock/etf trades but they just wouldn’t come down any more on Futures Costs especially the Micros. Their charges for futures trades are one of the highest.

  • Julie 35 – 25 – 36

    BL Checkout Robin Hood No fees for regular trading Not sure about futures. I have an account with Robin Hood too
    JULIE

  • BobbyLow

    Probably just a mirage with the DOW being so high overall but the DOW up +150 Points with the S&P and NDX in the Red.

  • Julie 35 – 25 – 36

    BL IMO Fight to safety with the DOW Common at tops
    JULIE

  • BobbyLow

    Thanks but I’m giving IB a try for day trading and will probably continue on with TOS for occasional ETF swings.

  • BobbyLow

    Well Mole mentioned “the hated rally” the other day. I can’t describe it in any other way other than something just doesn’t feel right.

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

    Explain Dow Diffusion please

  • HD

    Congrats!

  • zzezzezz

    Thanks all!

  • Julie 35 – 25 – 36

    Hi RB DOW Diffusion Index created by Martin Pring About a month ago Cyd and I discovered it We combine it with weekly $NYMO and it sure nails tops and bottoms of deep corrections.The Zero line is important too with turns I will find the parameters how it is calculated. Martin Pring is very savvy
    JULIE

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

    back from lunch. The cloud cover is a relief.

    Mole, such a wimp. Wha, “it’s hot”, whaaa.
    😉
    https://uploads.disquscdn.com/images/7ce721d4472fb57ea44ffe46265542c76182b465b9401eb47f0f997d0f15e331.png

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

    I go by percentages.
    Russell, leading down,
    then NAZ,
    then S&P
    then the least and most defensive DOW.
    -GG

  • BobbyLow

    Overnight Lows in the mid to upper 80’s. Probably a good thing it’s a “dry heat”. LOL

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

    yeah, 13% humidity. I think you would dry up and blow away.
    A/C works really good with dry. Drier the better.

  • Julie 35 – 25 – 36

    BL Sticker shock GG’s air conditioning bill. Pass the Rolaids lol
    JULIE

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

    not a problem. The electric company has an ‘average your payment’ program. spread it out over the year.

  • Ronebadger

    Yes, I know Pring a bit…he’s got different parameters for MACD, etc

  • Julie 35 – 25 – 36

    We have the same with Montana Power
    JULIE

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

    SPX Red Flag The gap up this a.m. sold into without making a higher high than previous day and appears to probably close below it’s open
    JULIE

  • Julie 35 – 25 – 36

    GG That’s called an ending diagonal very common for a 5th wave and a top
    JULIE

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

    I won’t argue with that.
    BPSPX is getting soggy. not that it’s a Zero god-like signal.
    😉

    https://stockcharts.com/h-sc/ui?s=%24BPSPX&p=D&yr=0&mn=6&dy=0&id=p98023446434

  • Julie 35 – 25 – 36

    GG The rally from 1st week of June is waning. As stated yesterday going to fall with it’s own weight with the low volume. No conviction GG When the institutions bail it should be fast and furious with the trap door opening wide catching the late comers and unsuspecting
    JULIE

  • Julie 35 – 25 – 36

    Guys SPX We have today what’s called a NR7 which means the smallest candle within 7 days. This can lead to a higher volatility move shortly perhaps tomorrow. Tomorrow is Friday which usually is neutral to positive. If tomorrow is neutral to positive we gotta watch Monday
    JULIE

  • BKXtoZERO

    Interesting….what methodology uses those terms?

  • Julie 35 – 25 – 36

    Hi BK It’s in my husband’s notes and quite accurate as it is a coil ready to spring
    JULIE

  • Julie 35 – 25 – 36

    Must now get back to work Everyone Have A Great Rest Of Day
    JULIE

  • BKXtoZERO

    Probably…..up

  • Julie 35 – 25 – 36

    IMO Down
    JULIE

  • BKXtoZERO

    Ask Cyd what the bookies have

  • Julie 35 – 25 – 36

    lol BK I will
    JULIE

  • BKXtoZERO

    She is a good friend. We pumped her for info on you and she held firm!

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

    EOD ramp

  • Julie 35 – 25 – 36

    One last chart $VIX Danger Will Robinson VIX spiking higher and SPX spiking Fear creeping in today https://uploads.disquscdn.com/images/05c9989caca349178bc7cfd6cb3dfd69e0c95e104cba765fdc5a648210d1ed0e.png This canary is chirping loud
    JULIE

  • Rightside

    Sorry for that short reply, for my lens , it is now is a short on trade duration, look back of a few weeks. 2 closes below 132.
    It’s still a long on a trend basis of a few months, above 127

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

    FAGIX over VUSTX.

    as hunched. Equities (FAGIX) may have not performed so well today,
    but it’s a cleaner shirt than VUSTX! (aka TLT)
    https://uploads.disquscdn.com/images/d147acc1d930fd35c47b36277c6e7011caf1761d28911c3dd22a3c044c7a5a8d.png

    remember – sometimes is not so much what you made, it’s what you’ve KEPT.
    😉

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

    I’ve been telling Julie, that TLT was too hot. hotter than Phoenix!
    LOL. and there it is.

    https://uploads.disquscdn.com/images/fa92e83622be57c7e1ec534dc2dbfafc79ae96dde4fc0b7d544d6041021e46e1.png

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

    haunting, and inspirational

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

    GG TLT down to target 130 Busts 130 then 126
    JULIE

  • Cyd

    Mr G What’s happening ? I am having a glass of wine with Julie looking at charts
    Cyd

  • Cyd

    Mr G We like VEEV on a pullback to 155. You have any lines @ 155?
    Cyd

  • Julie 35 – 25 – 36

    GG We like lines and you like curves lol
    JULIE

  • BKXtoZERO

    GET ME SOME FAGIX! he he he he

  • BKXtoZERO

    So do they rush into stocks now and ramp things up? or do stocks sell and TLT goes even more insane?

  • Cyd

    Good evening BK Julie has quite a few things on me too
    Cyd

  • Julie 35 – 25 – 36

    The futes are up but then again tomorrow is Friday. Something is going to give BK.Huge discrepancy between the bond market and Main Street versus Wall Street.
    JULIE

  • Julie 35 – 25 – 36

    BK Student debt ; 7 million are 3 or more months behind on car loans (sub prime auto loans) 50% of all homeowners are still underwater with homes from the housing bubble collapse.Main Street has problems BK
    JULIE

  • Julie 35 – 25 – 36

    Again 3015 is the 1.272 extension SPX 3047 is the 1.414 extension
    JULIE

  • Cyd

    3019 and 3048 are upper bollinger bands with 2 of 3 full stochs overbought. Also RSI now @70

    Cyd https://uploads.disquscdn.com/images/229284a696a775438241417f42ab78d4aa65af419ab8e7ae9eca18eabba15bfd.png

  • Julie 35 – 25 – 36

    GG and BK Cyd’s dad has an Omron BP monitor My BP is 125/78 and Cyd’s is 117/ 69 Looks like we are both going to be around awhile lol
    JULIE

  • BKXtoZERO

    Mine is low too but I have other health issues…. an attraction to tvix for one

  • BKXtoZERO

    yes but I learned long ago that the MKT isn’t about regular people…. no connection at all.

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

    are you guys drunk? VEEV? what would I be doing messing with Velveta at this time of hour?
    =P

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

    yeah, women want equal everything.
    How about dying the same time as men?

    Men should get SS at 63, Women at 73.
    LOL.

    edit: why do old men die sooner?….after the old nags, because they want too!

  • Julie 35 – 25 – 36

    Still have 1’4 positions long SLV and UNG Want to short UNP but no cigar yet CAT has attained my target to short a lower high and monitoring $Cotton is at my target also for a long
    JULIE

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

    SLV has been a dog for the past 15 trading days. I think you have some unjustified love for the stuff.
    😉

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

    How about a nice care package of WALMART?
    https://stockcharts.com/h-sc/ui?s=WMT&p=W&yr=3&mn=0&dy=0&id=p40324225735
    😉

  • Julie 35 – 25 – 36

    GG SLV has been accumulated Gotta be in the groove and know GG I have made some coin and my stop will take me out

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

    another word for groove? is rut. you should know about those.
    =P
    https://www.offroadxtreme.com/image/2015/01/stucktj_4.jpg

  • Julie 35 – 25 – 36

    You would think that tariffs would have an effect WMT
    JULIE

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

    a perfect example of news don’t fit the price.
    I mentioned this many moons ago about WAL*MART.
    given the screwy disqus, I will not attempt to find it!

  • Julie 35 – 25 – 36

    GG Checkout rival TGT A 5 week consolidation and about to breakout Let’s short em GG Just kidding lol
    JULIE

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

    so help me out here Julez. another gap up day?
    the 5 wave just keeps going? where is the end of the World?

    https://uploads.disquscdn.com/images/b7d49e98932f3e637cc08cc11852ce2f96a9549f0d871ed0b6d0d7516c5aac59.png

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

    Again for the umpteenth time GG SPX 3015 is the 1.272 extension. 3047 is the 1.414 extension. Upper bollinger bands shown with Cyd’s chart last night 3019 and 3048
    JULIE

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

    ok, now we are getting somewhere. I posted a 138% extension several days ago.
    couldn’t find a 1.272 online calculator!!

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

    GG Just keep watching price action VSA (volume spread analysis) reading the tape. Higher highs on weak or declining volume is distribution. Look what’s going on this a.m The gap up and the high today now has been sold into Go to the 60 min chart and check the volume pattern SPY The 1st hour weak volume on the gap up and the pullback from the high increased selling volume Tough sledding here for the bulls
    JULIE

  • Julie 35 – 25 – 36

    Also SPY now below VWAP
    JULIE

  • Ronebadger

    Bottom red line seems key

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

    almost every daily candle has whiskers. more art than science?

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

    That is not a bullish VIX
    JULIE

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

    the VIX is what it is. it does not necessarily determine SPX direction.

  • Julie 35 – 25 – 36

    It does if there is a divergence which is both going higher Has there been a lower low with VIX with the higher high SPX ? Nope
    JULIE

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

    How can you have ‘divergence’ if BOTH are going higher?

  • BKXtoZERO

    I took a hard look at a historical VIX chart for clues. For 1 thing Mole’s signal is less than perfect. VIX Buys have worked better than sells, also, many large moves in VIX were not preceded by some nice TA looking set up like a hammer etc. They just slowly started, so I don’t really look for TA. I look at ES and at general previous support levels (or areas of concern) of VIX.

  • Julie 35 – 25 – 36

    That is a divergence if both are supposed to go in opposite directions
    The only thing saving SPX is there has been an EOD ramp. That can’t persist too much longer especially overbought weekly and daily charts with the low volume
    JULIE

  • BKXtoZERO

    I wuz just going to say same

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

    overbought on the weekly. don’t trigger the Captain.
    check the Monthly. maybe RSI on the monthly is at 69%. or soon to be.

  • Julie 35 – 25 – 36

    The confirmation BK is the mid line 20 sma It must go above for the sell and below for the buy
    JULIE

  • Julie 35 – 25 – 36

    69 is close enough GG on the monthly. Also use RSI (7) If the monthly ; weekly and daily are above 70 on all 3 it is considered overbought
    JULIE

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

    dammmmmmm. I had a feeling.

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

    Bad stock of the Day
    Illuminati –
    https://finviz.com/quote.ashx?t=ILMN

  • Julie 35 – 25 – 36

    Guys This is my VIX bollinger band chart Similar to the Chief’s but with some differences. I invert the chart so it tracks with the VIX. % above and below the 10 ema is better combined with the bollinger bands. 10% above and below it’s 10 ema is a signal to watch carefully. NOW the mid line 20 sma very important You can see the failures denoted by the red vertical lines Again for a true confirmatio must get above or below the 20 sma with the 10 ema going above or below
    JULIE https://uploads.disquscdn.com/images/5b673f7a2b2e98a54332691308958afde742e07a8e8ab9f912fe0abaf34cc470.png

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

    given the volatility of the VIX, bollingers will give many (unnecessary) squeezy moments.
    Have you thought about using an 20 or 40 EMA envelope instead?

  • Julie 35 – 25 – 36

    No I haven’t GG As you would say Chart Puleeze ! lol
    JULIE

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

    Good God GG You failed to show it with the SPX … Combine it with the SPX … Get with the program GG lol
    JULIE

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

    I would have, but you said I was too slow. I didn’t want to be pilloried.

  • Julie 35 – 25 – 36

    OH GG .. TLT at 130 support a target and possibly stabilizing Gotta watch this close https://uploads.disquscdn.com/images/905837ffa467dec914b8cf70fe4a09573c39d2409da8af0acd2584734fcfd6d0.png Guys. TLT moves up from here will put pressure on equities
    JULIE

  • Cyd

    Tar and feathered more like it Dropping in for a quick one.
    Cyd

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

    ok, time to get back to work. I’ve got some serious sh!t to do.
    what an exhausting week back from vacation.

    I leave you with a chart from 7 whole days ago. Cheers!
    https://uploads.disquscdn.com/images/a10857039d5f2eb81c49c2bdde866709cf115b171d4b2f7c1dffe6aba2bd2025.png?w=600&h=454

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

    a quickie! ;-D

  • BKXtoZERO

    Loving ALL the VIX charts….. Vix post by Mole, everyday should be about the VIX!

  • BKXtoZERO

    Pretty lame for a “Free Money Friday”. I guess you have to wait for the last 3 minutes.

  • Julie 35 – 25 – 36

    Yup BK Typical Friday neutral to positive
    JULIE

  • BKXtoZERO

    Gold is making interesting pattern, some things say top, but the persistence says it wants more. no position

    https://uploads.disquscdn.com/images/91e64ec7876c756671a1e27238ae322978897fb98d3cdb9d9cdd4dd0f1fb85f8.jpg

  • Julie 35 – 25 – 36

    Yes CAT at my 136.36 target and setting up for a possible lower high to short. All it’s gonna take is for SPX to correct. Same with UNP at 175 resistance
    JULIE

  • Julie 35 – 25 – 36

    SLV Yes retaining 1/4 long UNG going to take profits going out remaining 1/4 long UNG widow maker and overbought at 55 ema and resistance Going to watch for a possible pullback UNG to re enter long
    JULIE

  • Ronebadger

    Well, we got this action going on….”Fun Friday With Colors”…. X marks the spot. 2 charts
    https://invst.ly/b8wpt
    https://invst.ly/b8wq8

  • Darkthirty

    Appears to be 4 or B, with upside to follow

  • Darkthirty

    Wave Wanker!

  • Darkthirty

    “having a bottle of wine, one glass at a time” FIFY : P

  • Darkthirty

    iv of V

  • Julie 35 – 25 – 36

    Guys We must watch UUP here at the 21 ema and 38.2% retracement. A bounce here would hinder the PM.s I have only a 1/4 position long SLV and will bail in a heartbeat if UUP bounces
    JULIE https://uploads.disquscdn.com/images/58aa48844bbc5ecb2a9c71901916a7e7c959e5d887af104238118cc384ad45ba.png

  • BKXtoZERO

    leaning bullish too

  • Julie 35 – 25 – 36

    High flying VEEV true to form bouncing off it’s 5 ema We have a 185 target
    JULIE https://uploads.disquscdn.com/images/8d7c5a5fa2a663e5c87d975d2dbf29be968a3c2e16f4ddc8bafc169f4ef5215d.png

  • Julie 35 – 25 – 36

    Hi D30 I am thinking same either a 4 or B It could truncate if greenback bounces
    JULIE

  • Julie 35 – 25 – 36

    SPX No ramp yet EOD especially last hour. They possibly may not be able to do it. It could be selling going into the weekend
    JULIE

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

    circling back round, like Haley’s comet.

    Zzzzzzz.

    ain’t never gonna stop Julie.
    https://uploads.disquscdn.com/images/3579b9fc896b2937438bcabe0ecb4803a4a76797c08c7728f4249f43cf1b84e2.png

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

    How about…now.

  • BKXtoZERO

    added little tvix at close here 14.51

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

    RB They pulled it off
    JULIE

  • Ronebadger

    NOW, we are here (ES after hrs)
    https://invst.ly/b8xk5

  • Julie 35 – 25 – 36

    CAT With a trend day exceeding my target by 2 bucks
    JULIE

  • Julie 35 – 25 – 36

    DE same action as CAT Bouncing off 21 ema and nice advance this rally beginning of June Actually both with cup and handles
    JULIE

  • Julie 35 – 25 – 36

    My original thought CAT and DE A V bottom going too far too fast BUT looks like I am wrong with their respective bounces today.
    JULIE

  • Julie 35 – 25 – 36

    Everyone Have A Nice Weekend
    JULIE

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

    bye!

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

    as in April, so are we now.
    this is not a bear, if you are a closet bear, my condolences. I’ve been there.
    The bearskin rug btw is from Knott’s Berry Farm, CA.
    I think it was killed in a tragic roller coaster incident.
    😉

    “News don’t matter”, “gut feeling don’t matter.”
    let the chart speak to you. let lessons learned, speak to you.
    -GG
    https://uploads.disquscdn.com/images/49802349c99c861091d87b6b159f54ca36cccdc5a44d1864a55056076dcdbb8f.png

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

    take a break, relax, and enjoy the view.
    https://www.youtube.com/watch?v=Kctz1ipo84I&feature=youtu.be

  • BKXtoZERO

    yes… I may have to come out of the closet. Gut feeling is even getting diminished.

  • Cyd

    When the bond market and equity market collide since the rally from Dec 2018 it’s advisable to be cautious.The bond market is sending a very strong signal along with an inverted yield curve.People here trade both ways and Julie and I set targets and look for reversals in both directions
    Cyd

  • BKXtoZERO

    Problem is that as manufactured as stocks are they can at some point force money out of bonds to chase stocks.

  • Cyd

    Very true BK Let’s watch NYSI It must retain 500 to sustain a rally and going below 400 is associated with corrections. We apply a 10 sma and using it with $BPSPX you can time very well
    Cyd https://uploads.disquscdn.com/images/069d310e9ff9612ff3bf1648ce286d8c3ec80c3edd9aa810e59a4fc7ad1edd13.png

  • Cyd

    SPX stocks % above 200 sma @ 75% warrants caution as does the weekly DOW Diffusion Index @ 25 along with weekly $NYMO @ 60. I showed the Diffusion Index and $NYMO in a recent post
    Cyd https://uploads.disquscdn.com/images/ede2379fe43d49d4c66c6c48e854009fc4c70cc9d59b508aa05b148906a52d2d.png

  • Cyd

    A correction can https://uploads.disquscdn.com/images/52573b120cf64a4a64150cabe297f809147b9bf8d559c069e0e937b9b23e6b0f.png occur at anytime. Also we have targets SPX 1.272 extension @ 3015. 1.414 extension @ 3047. Previous chart SPX upper bollinger bands @ 3019 and 3048
    Cyd

  • Cyd

    $TRIN 10 sma below 1.00 also Caution warranted with above https://uploads.disquscdn.com/images/9432bea2ee7bed486aedc1b5d026e0641d752a70808413142d051ceb5aa5ddce.png charts
    Cyd

  • Cyd

    Total P/C ratio below 0.80 is dangerous for the bulls. A discrepancy exists along with the $VIX not making a lower low with SPX making a higher high. This chart along with $VIX is indicating fear creeping in the market
    Cyd https://uploads.disquscdn.com/images/c31ecdd253ec832051f80958f73ea4bb646d1eec8e02f7245c0303cacdc7e9f6.png

  • Cyd

    Also above chart 10 sma of $TRIN is rising really showing caution Observe mid March forward with SPX rising and 10 sma $TRIN rising Also refer to Total P/C ratio below for discrepancy also

    Cyd

  • Cyd

    The gurus are saying to the moon along with EW enthusiasts calling the rally from June 1st a wave 3.A wave 3 has strong and increasing volume which is not the case SPX recent daily candles not confirming a wave 3 either or a moon shot. As Julie has pointed out and I concur the only thing going on is stick saves the final hour which can’t occur forever We have our short candidates already lined up for a correction

    Cyd

  • Cyd

    Active Investment Managers have increased their exposure this week Watch 90 or upper bollinger band. Getting close with CNN Fear and Greed Index @ Greed
    Cyd https://uploads.disquscdn.com/images/8d86b955e89bcfc97d1f3d12539d08de25146e69b0ee9153f74401317eed50d2.png

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

    just let the Market tell you when the up run is over.
    trying to time it, while maybe possible, is becoming tiresome.

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

    that 90 level is ‘astute’. (take *that* Julie)
    But remember 2016/17. It stayed up there 3 months!

    even then, price kept climbing in 2017.

  • BKXtoZERO

    Step on my back 19 times and by the 20th time I begin to catch on.

  • Cyd

    Mr G when a multitude of things line up it pays to be alert. I am just showing things to be cautious. Yes the market always leaves a footprint and those watching closely always benefit
    Cyd

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

    She and her husband are taking my mom and dad to the Missouri River headwaters today just west of Bozeman at Three Forks MT and the Lewis and Clark Caverns a few miles south of Three Forks
    Cyd

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

    oh, I hope they don’t fall in. I bet the water is still freezing cold.

    Maybe they’ll run into Bigfoot.
    https://wp-media.patheos.com/blogs/sites/780/2019/05/STOCKYETI.png

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

    if they do fall in, hypothermia is a risk. Grizz doesn’t pack dry blankets in the vehicles from what Julie tells me. 😉

  • Cyd

    My dad is a history buff especially the Wild West and having a great time. The Jefferson River – Madison River and Gallatin River come together at Three Forks to form the Mighty MO (Missouri) The Jefferson River was where the famous Colter Run began.Julie worked at one time for the Bureay of Indian Affairs and knows all about it.So you can figure out what is going on today LOL
    Cyd

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

    it can’t be good.
    Why in the World would they put a river called the Missouri in Montana??
    that’s just whacked.

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

    ..they have this river that flows through the Grand Canyon, and half way around the great State of Arizona, and they name it after those pot smoking dam liberal Coloradans!?!? I’m so triggered.

  • Cyd

    The Might Mo is the longest river in the continental U.S. and ends at St Louis MO

    Also the famous Madison Buffalo Jump is near Three Forks too that is where the Indians ran the buffalo off a cliff Can you imagine the Yakity Yak when they are there Good God Mr G You would not get a word in edge wise between dad and Julie
    Cyd

  • Cyd

    You can see why i am staying home today LOL
    Cyd

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

    to walk around at home eating popcorn in PJ’s.
    LOL.

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

    Is HD on your short list Mr G ? Were watching CAT @ 144 – 145 VEEV @ 185 and UNP @ 175

    Cyd

  • Cyd

    Julie is sure that EXAS has possibly completed a climax run and looking to short a lower high on a bounce Weekly chart indicates she could be right
    Cyd

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

    It’s on the list. call me a fool. I like shorting high flying, priced to perfection, my god we’re all going to be rich stocks.

  • Cyd

    We try to pick them off too and do pretty well doing so. Identifying a climax run is actually not that hard using the weekly and monthly charts

    Cyd

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

    Mr G we look at institutional selling especially JP Morgan and Goldman Sachs When they sell or liquidate certain stocks you know the run is about over. Another one is when JPM and GS issue upgrades on certain stocks You know they want out and selling to the crowd
    Cyd

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

    EXAS is extremely difficult IMHO.
    why? on the weekly, you only get two red candles.
    maybe three.

  • Cyd

    The weekly candle print yesterday EXAS UGH

    Cyd

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

    I’m surprised you gals don’t just short before earnings on some little no name companies, and never look back.
    😉

    https://stockcharts.com/h-sc/ui?s=AMRX&p=D&b=5&g=0&id=p05178567245

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

    Mr G EXAS unable to get above the 3/4 raff regression and approx % above it’s weekly 89 ema with weekly volume dropping I thinks she is right. But only short a lower high as her husband has insisted Not until then
    Cyd https://uploads.disquscdn.com/images/7b90cb86bb8b283ef9869bc07233f5bf9f0a0186b0b8275f28af9fdd317143f0.png

  • Cyd

    I will talk to her about that That is IMO a great idea. One great thing about Julie she listens and is completely open to suggestion. I like it

    Cyd

  • Cyd

    Mr G What Grizz has taught us is every stock has a pattern If you dissect the pattern you can become very wealthy. The market makers behave a certain way on all stocks and you observe the pattern recognition you are one up
    Cyd

  • Cyd

    Relative strength and relative weakness is another one that he has pounded into our heads. We look for both
    Cyd

  • Cyd

    She had a 118 target and was close the 7/4 The rule of 7’s
    Cyd

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

    wealthy enough to afford a Montana heating bill? I’m so in.
    😉
    https://uploads.disquscdn.com/images/727a51f9829bbffe49b0f93e4031e30bda6ffdca3cfdba68206f6e0f22405263.png

    unless something radical happens, price will hit a ceiling soon. That doesn’t mean it’s a top. You can see the double taps in 2018. takes about a month between taps.
    BL didn’t like my August call, and he’s right, sh!t happens, but 80% confidence here.
    -GG

  • Cyd

    You have the pattern down SPX with your envelopes Good job EXAS every major correction down to it’s 89 ema pattern recognition I have dinner ready when they arrive back which should be shortly
    Cyd

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

    Julie speaks of impulse moves. I believe the impulse moves – move to critical boundaries highs, lows & medians..

    thnx.

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

    enjoy the dinner. 20 years from now, it will be precious.
    I know mine are.
    a pile of family spaghetti awaits me.
    L8ter.

  • Cyd

    Yes there are impulsive and corrective moves. The mistake the wavers do is trying to identify them as wave 1 wave 3 etc. Wrong just observe what is in front of you at the time.EXAS weekly chart below you van see the corrective moves down to the 89 ema Don’t look left just what is currently playing out
    Cyd

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

    edit: oh – ps the envelope is a harmonic with 89.
    😉

  • Cyd

    Mr G If you are up and checking the Great Blog Julie and Grizz have gone home and my mom and dad have crashed Pattern recognition that Julie and I have spotted. IRBT 44% of float shorted Mr G Since the last two years weekly chart a pattern of higher highs and higher lows and wedging

    The bears are a very savvy crowd and usually get things right with a heavily shorted stock. They do the due diligence required on fundamentals

    Here is our pattern recognition the weekly 89 and 144 ema. It either holds the 89 ema or just a fraction below. If it goes down further then the 144 ema holds Now at the 89 ema and weekly lower cloud boundary which is also pattern recognition as you can clearly see The weekly MACD also pattern recognition along with the stochs 13,8,5 If it does drop to the 144 ema it is also a lower uptrend line

    Now a positive close daily above the weekly conversion line @ 91.29 could be the straw that breaks the camel’s back for a hellish short squeeze.Pattern recognition implies the weekly stochs to go to 80 on a rally and MACD up to it’s resistance. What a nice ride this could be Mr G
    One thing we must watch if this occurs is we keep raising our stop if the present market rally now has limited upside as we think it has. A great secondary short is always the completion of a short squeeze Observe the weekly cloud is thin with present price offering minimal resistance Julie and I thnk we can pull this one off Keep on your radar now or 144 ema https://uploads.disquscdn.com/images/2663863788d71df02c7c612e8a11c4e7c04c9e3e4825d952be2b5753c7931713.png

    Cyd

  • Cyd

    Mr G here is the daily chart showing the consolidation and double bollinger band squeeze This unit is ready to explode Now the lower 55,2.5 band equals the weekly 144 ema and lower trend line @ 81 if it does drop as explained in post and chart above

    Parents have crashed So I mean Fuck ! lol https://uploads.disquscdn.com/images/4ab903e8e99e6a6ffa3da96ccc27e491c4a7becbacd41b6f3477098924dffe98.png

    Cyd

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

    that is one volatile stock. it gives no warning. just – BooM!

    https://stockcharts.com/h-sc/ui?s=IRBT&p=D&yr=2&mn=0&dy=0&id=p95308135296

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

    Remind me to check-in on the $USD at Thanksgiving.
    what a meander-er. (HWB!)

    https://uploads.disquscdn.com/images/5ca9aed01c729af6ecdd0edb071dbe584262aba982136e248acdf97901c898d8.png

  • BobbyLow

    I’m in agreement that stocks, commodities and even indices can have individual personalities. Market shocks can effect them all in similar ways but under “normal” trading activity, the individualness of each entity can track different enough so that when using TA, one size does not necessarily fit all. JMNSHO 🙂

  • Cyd

    Good afternoon BL What is interesting is to go back quarterly and see what a stock does several weeks before it reports earnings. There are no secrets on Wall Street as somebody knows something.The institutions that have very large positions are tipped off by someone in the know
    Cyd

  • Cyd

    GS reports earnings tomorrow before the bell Observe the similarity before the previous reporting 6 months ago. Prior to the mid April reporting it advanced also but the market was setting up for a pullback Cyd https://uploads.disquscdn.com/images/27a6dbf5f925289dc9ff6668c7e25f8f31d46f3d0c30d482550b7f21147751d6.png

  • Cyd

    Now is the market setting up for another pullback and GS follow suit as in April ? Or will GS pop and go sideways like Feb and March ?
    Cyd

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

    ..had lunch with a family member, nearly 90 years old.
    Now he wants to get into stocks? where was he at Xmas?
    (face palm)
    anecdotal evidence. the top is near enough.

  • Cyd

    Julie came across three bio stocks with recent insider buying CALA TGTX and ABBV

    CALA a capitulating gap down to a double bottom eliminating the weak hands.A nice advance filling the gap @ 21 ema. Presently a 50% pullback to a support.4.29 is a strong resistance We usually do not trade bio as one failed clinical trial or any negative news and you can be foo fooed We may buy with a positive close above 4.29

    My family is burned out today so everyone is just relaxing https://uploads.disquscdn.com/images/72d423d780a5fd5223bd65e69c5d49f7b4bf1b5060ee9f1d76a324d65c9cae6e.png

    Cyd

  • Cyd

    LOL Mr G My mother is worried about her cholesterol The doctor told her at her age to eat anything she wants
    Cyd

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

    send her this – so many lies out there!!!

    https://www.youtube.com/watch?v=C6SVB99mJHA

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

    I had a Kale/blueberry smoothie for breakfast, so I am an Expert.
    LOL.

  • Cyd

    My last checkup the Dr told me I was in excellent health as is Julie and her husband. There was a test for arterial inflammation and I had zero. He informed me that was the big one and not cholesterol and the lipids
    Cyd

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

    the video talks about inflammation comes from sugar.
    way to go!

  • Cyd

    WFC reports on the 16th before the bell
    Cyd

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

    all the more reason to be out.
    homey don’t play that (oops, surprise) game.

  • Cyd

    Yes GG I will be out .. Honey not homey I like honey better. Mole calls Julie Sweetie and I believe you have too We like it lol
    Cyd

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

    well, if you didn’t know, it’s from a long time ago.
    I don’t want to be the Market’s clown.
    https://www.youtube.com/watch?v=Z6EsNyIRG-g

    affectionate terms are risky business, I don’t want Grizz assaulting me.

  • Cyd

    Mr G Her husband is the most mild and soft spoken man in the universe. If she did not put the snafu on him I would have. i have told her that a million times lol
    Cyd

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

    not to worry. If she fell into a raging river once, it will happen again.
    LOLZ.

  • Cyd

    They raised his nephew too along with their own two.I am Aunt Cyd to all three The nephew is a senior at MSU and really wonderful. Grizz and him do things for me with my house. He mows my lawn and does all the yard work.You couldn’t have a better trio There two are successful and he will be too All three no drugs no getting into trouble college grads etc..

    Cyd

  • Cyd

    Mr G I forgot to tell you. A new word last night at dinner TACITURN lol
    Cyd

  • Cyd

    Just relaxing today I have next week off too vacation

    I am going to restate the 1.272 extension SPX 3015 1.414 extension 3047 Two upper bollinger bands daily are 3019 and 3048 Friday’s high 3014

    Deteriorating NYSE market breath from previous week courtesy Barrons

    Week ending July 12 Previous week
    Adv 1,683 2,042
    Dec 1,384 1,013
    New hi 449 440
    New lo 87 58

    Also important Insider transaction ratio 55:1 The most since July 2018 Readings 20:1 and above bearish
    We have our short candidates ready to roll
    Next week be careful as 3015 target (1) met
    Cyd

  • Cyd

    SPY and SPX very close to upper trend line SPY volume much to be desired
    Cyd https://uploads.disquscdn.com/images/c3e3e50cb5b640e6c989335fb376036cbbc63577c24dbf113ddc15212378eb7a.png

  • Cyd
  • Cyd

    Let’s watch Citigroup C tomorrow as they report An expanding triangle up into a resistance zone. Friday’s price action dismal a gap up sold into basically stalling mid range. The higher volume implicates churning
    Cyd https://uploads.disquscdn.com/images/476c90a9eac8b39ab0f999f8cb6af2ba6c888234ba8fdfa04be2ca9e7c2986ff.png

  • Cyd
  • Cyd

    Not across the Pacific HSI and SSEC dumping Let’s watch Europe especially Germany
    Cyd

  • Cyd

    Mr G with this upcoming week being opex it probably will be difficult pricing anything in ?
    Cyd

  • Cyd

    Mr G i went to the grocery store today and flipped open Barrons. The insider sales ratio this last week 55 :1 Most since July 2018 It’s going to get whacko with bonds – equities very soon if not this week
    Cyd

  • Cyd

    Mr G The low volatility from mid June is going to give way to increased volatility Always does a sure thing
    Cyd https://uploads.disquscdn.com/images/3163809cc194d988a92a1ba025b44e5e542b21886544afd01c24575952de68fb.png

  • Cyd

    Presently the futes are flat lining
    Cyd

  • Cyd

    Looks like the China markets are bouncing back along with the Nikkei up
    Cyd

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

    me thinks you are over analyzing, over observing, over obsessing.
    but what do I know?
    😉

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

    drink a glass, go out and observe the almost full moon.

  • Cyd

    Yes I have a tendency to do just that. Julie would say foibles lol

    Cyd

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

    well,let me tell ‘ya a story.
    I was there myself. 2011/2012 or so.
    a man on this forum who I wasn’t too crazy about boiled it down to this.

    “at some point, you just have to take risk. there is no crystal ball. have your setups, trust in them, manage risk, trade the tape. that’s all you can do”.

    -GG

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

    BTW, I think I made a most excellent call on /YM
    don’t ya think?

    just look at how the RSI breaks out of the trend-line!
    😉

    https://uploads.disquscdn.com/images/04e51d62f31f0b12e2d0e96eac827a9459c4d68fd59cdc18f55cbc484124d393.png

  • Cyd

    That is what we do GG We have our setups Read the tape Risk management and go for it Sometimes you hit home runs Other times base hits If wrong not wrong long
    Cyd

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

    I called that last bottom before it happened.
    Julie gave me a pat on the back for spotting it.

  • Cyd

    Mr G Exactly Very smart As you have noticed we also use trend lines on indicators. Also you can use fib retracements on RSI and MACD which we do
    Cyd

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

    Shhhhh. ancient Chinese secret. Julie already told me.

  • Cyd

    Yes GG Excellent
    Cyd

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

    Iron sharpens Iron.
    at some point, Mole will close the blog and we will all be Billionaires.
    😉

  • Cyd

    Trend lines on CCI are tremendous. Time frames 60 minutes and above CCi (20) 30 minutes and below CCI (14)
    Cyd

  • Cyd

    If your platform allows insert 21 ema on RSI (14)
    Cyd

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

    meh. Over dramatic compared to the RSI, hence more false signals, IMHO.
    🙂

  • Cyd

    Also if you are able to 21 ema on OBV and ACCUM/DIST
    Cyd

  • Cyd

    What is really important for pattern recognition is PPO with a setting 1,21,1 You can see what % above and below the 21 ema where most likely a reversal will occur Alos same with 55 and 233 ema’s longer term
    Cyd

  • Cyd

    Using all 3 together and all are at their respective % above or below Unbelievable

    Cyd