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Time To Strike
247

Time To Strike

by The MoleApril 24, 2018

I think I’m going to have to see a chiropractor given all the whipsaw in equities over the past few weeks. But out of chaos often spring new opportunities which to most of course only become obvious in retrospect. Meanwhile a temporary spike in the Dollar has led to quite a bit of movement across our ongoing campaigns, so let’s work our way backward today:

If you were a sub last week (yes, I’ll keep rubbing it in) then I hope you caught the perfect long entry on the DX futures, which yesterday advanced to almost 5R in profits.

I’m now trailing at 4R hoping for massive short squeeze higher over the rest of this week. Realistically however we’ll most likely going to see a retest of the 100-day SMA near 90.2.

Almost a perfect entry on the USD/JPY as well just ahead of shifting into trending mode. It didn’t even look back once and I’m also trailing at 4R here now.

Once again however the 100-day SMA beckons from above and will no doubt except a bit of resistance.

My E-Mini campaign to stopped out at the 2R mark last week and that’s fine as I was expecting pushback once again near the 100-day SMA.

By the way don’t ask me why that one always works so well, I don’t see anyone else using it.

Silver is about to roll over and that’s where I would be taking profits had I not been stopped out at the 3R mark last week.

I am actually considering a re-entry in the July contract after it’s done doing its thing. Once I do I’ll make sure to post it for you subs first and then rub it in with all you leeches (too soon?)

And finally Bitcoin has treated us well over the past week and it’s time to advance our trail to the 2R mark. Once again the medium term SMA (guess which one) is right above us and I would expect that the easy ride is over which is why I’m tightening up a bit.

Okay, now per the title of this post I just went long the E-Mini futures as I very much like this very bearish looking formation on the daily panel.

If that triggered an acute bout of cognitive dissonance then I can’t blame you but fading my inner instincts is an approach that has generally served me well over the years.

Basically the bulls are now officially in trouble having been unable to overcome the 100-day SMA (yes, that one again – don’t ask me why) last week.

Continuation lower here may unleash forces which may propel us beyond the bearish event horizon, so the onus is on the bulls now to stop fucking around and get the tape back into gear.

Quite frankly speaking a short campaign at this stage probably has similar odds weren’t it for the fact that the bears continue to fumble near important inflection points every single time. It’s like betting on Rudy to finally nail a home run (to my non-european readers – look up Daniel ‘Rudy’ Ruettiger).

More goodies below the fold for my intrepid subs:

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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.
Enjoyed this post? Consider a small donation to keep those evil deeds coming!

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  • https://evilspeculator.com Sir Mole III

    I almost forgot to post the BTC chart – so reload this page please.

  • HD

    2688 was HWB the hit 2718-2657, and sellers(BOTs) crushed it.

  • ridingwaves

    Rudy was football movie. he finally gets in the game….a Runt paying for Notre Dame….

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

    whipsaw galore

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

    ClusterF*ck confirmed.
    well, at least I can dream I’m a Master analyst.
    😉

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

  • Mark Shinnick

    And.. atr noise in a failed retest of range high. Money and confidence has left the market.

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

    It wouldn’t be all that economic news would it?
    I’ve heard several people state that short term, news can shake things up.
    long term, just doesn’t really matter.

    https://finviz.com/calendar.ashx

  • Mark Shinnick

    It has context, such as either a rebasing of volatility or its incipient crush.

  • HD

    The housing data and consumer conf. were both bullish and sold. Clues.

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

    I was thinking the same thing.
    +1 for you. surprises to the downside.

  • Yoda

    and a Master Debater too…
    😉

  • HD

    Data and Iran news, orange swan, Too timely? Talk amongst yourselves.

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

    So I had QID for over a week, never pushed my stop but I sold it yesterday to free up funds as it smelled like sideways market….its in the green now…..stepping away for a bit, after a great early winter….back to back gut check losses…maybe go play with some sharks and surf…sounds like playing the market

  • Yoda
  • Yoda

    How about the 10 years’ yield breaching 3%?

  • ridingwaves

    that’s it in a nutshell

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

    SPX Finally today could be the close beneath the 21 ema and lower trend line . MACD below it’s signal line will confirm JULIE https://uploads.disquscdn.com/images/f0444de2eedf148ba26392be7f77dd1a776bdee610e095d66daa458ddc91db4a.png

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

    Like Scott said in the video, overlapping bear candles.
    I would *luv* to be bearish today, but I can’t swallow it.

    GG officially neutral today. If only I was near the beach.

    https://uploads.disquscdn.com/images/73eeb9645f762089063ad97e74135cb86b1957e35e7d04e93a21440ca3fc0203.png

  • ridingwaves

    nice chart, RSI confirming its a buy, the gap from 3-19 is killing me..glaring like sun on a windshield….

  • Julie

    Hi Yoda IMO last Fridays candle and volume very important i.e. nice momentum and volume
    JULIE

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

    glare. tell me about it, 99% sunshine state.
    never drive behind a Ford.

  • Julie

    GG IMO A retest of yesterday’s high and failure below it’s 5 ema
    JULIE

  • BKXtoZERO

    back on TVIX 7.22 for day scalp (again) stop ES 2672

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

    women! a few more words please.

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

    A (blank blank) means?….(finish the thought)

  • Julie

    GG SPX held the lower trend line and it’s 21 ema for several days (Friday and Monday) Your 60 min chart yesterday augmented mine. That was important support. Subsequently yesterday’s high was a resistance and today a close retest of the high and no cigar. All below the daily cloud
    JULIE

  • Mark Shinnick

    Looks like more objective potential beyond 7.5

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

    Hi BKX With this chop ya gotta be nimble and potential larger triangle SPX. The triangle is still in play as I have been stating
    JULIE

  • BKXtoZERO

    I am looking at larger picture and am still holding TVIX from 7.08, but I also day scalp as well. If there is one thing you can say about me is that I am not here to follow others, try to piggyback on trades etc…

  • Julie

    GG middle doji on left chart is a Rickshaw doji The doji center chart is a high wave doji denoting mass confusion LOL !
    JULIE

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

    You speak truth, wise one. My wife is especially guilty of too few words, and she wonders why I don’t understand what she’s thinking…

  • Julie

    BKX Julie’s momentum trade also works on all time frames I use it to scalp on 5 – 30 min or 10 – 60 min
    JULIE

  • Julie

    You are supposed to read our minds ! LOL !
    JULIE

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

    I did a Julie today…. I got up late and missed a better entry. Possible rally if 2660 holds

  • Julie

    I am up at 6 am market opens at 7:30 and I start work at 8 am So I can’t do anything until I get to work. At work able to trade . What is amazing at work is everyone trades and we use my computer. We all get our work done. Great job and love it
    JULIE

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

    I go in late so I have up to 3 hours to manage an entry before I go in to work.

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

    your face, the beard, or Zero?…
    😉

    (good video btw, put yourself out there) – I like the grin when you said Holy Grail.

  • https://evilspeculator.com Sir Mole III

    My face and beard are operating at peak efficiency – the Zero is looking pretty fucking bearish at this point. If we breach through yesterday’s lows then watch out below.

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

    one could try a long from current to vwap. I’m not that good. (or foolish)

  • Mark Shinnick

    Long tvix. Needs to prove itself pretty quick for my lens.

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

    Julie posted a triangle about a week ago..

  • BKXtoZERO

    The dumbest of the dumb bears is watching and more than ready SIR!

  • Julie

    SPX Very important the Ichi Cloud baseline (21) matches a 50% retracement and the lower trend line of a parallel channel which can now be drawn JULIE https://uploads.disquscdn.com/images/52554c17cea7adbd8b37dee3a1fcd5bc53773ed62ae7fc0924b00b7d64e51cbd.png

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

    Do you have a position?

  • Julie

    2635.65

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

    I’m sitting on my hands,

    Bears…SPY 262 if it’s going to happen.
    (yes, based on 2016 lows)
    http://stockcharts.com/h-sc/ui?s=SPY&p=D&yr=2&mn=0&dy=0&id=p10809894460

    -GG

  • BKXtoZERO

    Gravestone, or maybe the rare “Cremation” Doji

  • Julie

    Mark Now Short
    JULIE

  • BKXtoZERO

    Go with your own thoughts! (they work better)

  • Yoda

    Bulls’ failure today is going to leave a mark

  • BKXtoZERO

    I smell a p i c i n i c basket full of bear goodies!

  • ridingwaves

    96 billion in treasuries without indirect buyers stepping up should…

  • Julie

    GG Now watching SPX 2635.65
    JULIE

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

    Even a blind chicken finds a corn every once in a while 🙂

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

    dam, I got a meeting in 30 minutes. focus. foCUS.

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

    Do some runs to the bathroom GG with ipod in hand
    JULIE

  • HD

    Should we review the EW count from Friday 🙂

  • BKXtoZERO

    as Mole says… even a blind chicken sometimes finds corn :-0

  • https://evilspeculator.com Sir Mole III

    You guys are just all trying to piss me off today, aren’t you?

  • Darkthirty

    Might get that RSI 5 on $indu 60 minute today

  • Darkthirty

    But, but, 3 domes and a peaked house with batwings and head and shoulders……..

  • Julie
  • BKXtoZERO

    I am lucky, I am in a locked, key coded laser lab by myself.

  • Darkthirty

    Us EWT retards ALWAYS have our helmets on………………

  • Julie

    There actually is a bat pattern on a .886 retracement which would be the April low
    JULIE

  • kudra

    Is this the moment where “investors” discover they paid an inflated price for their FAANG stocks?

  • Yoda

    This new bearded style suits the site well. A bunch of ol’ pirates stealing coins from the Crown

  • Darkthirty

    I’ll feel like a white man at Berkeley if you don’t catch hell for that!

  • Julie

    As the leaders struggle NFLX and AMZN double tops and FB …. Not good
    JULIE

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

    I for one am aiming at maximum barbarian.

  • Julie

    Chief The revolution has begun ….. Just joking Chief. Hope you are feeling better
    JULIE

  • https://evilspeculator.com Sir Mole III

    Scott sez it and I get shit for it – go figure. I’m out…

  • https://evilspeculator.com Sir Mole III

    Not here. The more politically incorrect the better.

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

    No. Awareness after denial usually takes longer.

  • Yoda

    with some luck you may get back some cents on your 3X bear trade

  • Mary

    Hi Julie.

    What, exactly, is a Julie momentum trade?

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

    At least it’s not butter.
    😉
    {GG ducks}

  • Julie

    BAC Love it A failure at the cloud and 55 ema YEAH ! BAC a proxy for the Banks JULIE https://uploads.disquscdn.com/images/d3b61a3f96fb2ec14b4e7144bc9b30e6632a3835187b1d8c6a1be7ccba7842bb.png

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

    ouch, time out, back to your side of the ring.

  • Darkthirty

    Excepting the THEORY that shall not be named……..

  • kudra

    it does sting, but he’s on point. you’re not supposed to hang onto the 3xers. They either work or they don’t, and u gotta exit quickly when they don’t.

  • HD

    The method shouldn’t matter as long as it’s effective.

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

    Here it is again…. My Fence Post Turtle chart. Wait for everyone else to think they have something, and short it. Working great this year.

  • Julie

    USO Pretty sure my short (probe) will work A retest of last weeks high on less volume and failing Today’s low the 5 ema. Will add to short with a bearish close below the 5 ema Guys patience always pays with a trading plan JULIE https://uploads.disquscdn.com/images/f24b03b39674c678f22daf3df435dc335b85e47d2b030cbfb1402203a8a35e78.png

  • BKXtoZERO
  • HD

    A fresh round of dip buyers would really be nice.

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

    Everyone freaks when I change my Avie.
    WTH, it’s been Years.

    Roar!

  • Yoda

    I truly hope that he make back some of the coins lost, and that he stay away from 3X in the future

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

    BKX I read over and over OIL going to 75 – 80 All the gurus said so Not Julie esp with the massive net short position of the Commercials latest COT Report shown in a previous post I showed channels and trend line resistances of charts weekly and daily with all time frames overbought
    JULIE

  • Mark Shinnick

    Looks incorrigible enough.

  • Julie

    Love it GG !
    JULIE

  • BKXtoZERO

    oh sometimes, there are these big blow off spike in commodities so I think we have to respect that. I think they use those for final insult and to further load up, so it may not come but always be ready for it. Don’t be the person squeezed out right at the high candle.

  • BKXtoZERO

    I may have to change mine to a cropped screenshot of Scott

  • Julie

    Looks like a three drives to the top pattern since mid February as pointed out in previous posts
    JULIE

  • Mark Shinnick
  • Julie
  • Darkthirty

    About time for the ramp to VWAP

  • https://evilspeculator.com Sir Mole III

    Dude, because it doesn’t fucking work. You guys keep using this shit without any statistic, without any evidence, without even an hint of a real edge. It’s nothing but lofty theory based on wave wanking ideas that only make sense after the fact.

    Meanwhile I’m delivering setups on a daily basis with basic T&A and am killing it month after month. If you can beat that performance with EWT then I’m game for embracing wave counting.

  • https://evilspeculator.com Sir Mole III

    I hope the four thugs in the back won’t be hassling those fine gentlemen resting in the front.

  • https://evilspeculator.com Sir Mole III

    What a handsome fella.

  • Mark Shinnick
  • Darkthirty

    Ever hear from Berkshire?

  • https://evilspeculator.com Sir Mole III

    Scott and I have been both pointing out that turtle style trend trading may make a return this year.

  • https://evilspeculator.com Sir Mole III

    Now that’s a chart I can sink my teeth into.

  • BKXtoZERO

    Out of TVIX day trade at 8.0 still holding the rest…. seeing divergence on RSI intraday

  • https://evilspeculator.com Sir Mole III

    Zero somewhat but not strongly divergent right now.

  • Mark Shinnick

    yeah…nobody seems to dare mention a doubling of rates.

  • HD

    Have stop will trade. 2635 is HWB the entire move 2553-2717

  • Julie

    HD As in a chart below 2635
    JULIE

  • https://evilspeculator.com Sir Mole III

    I completely disappeared – no idea where he went. Either he works as a carpenter now or he’s rolling it in somewhere at some institutional dark pool. Very clever fellow – I miss him.

  • Mark Shinnick

    Stay watchful for recency bias.

  • Mark Shinnick

    I have some objective near around 8.6

  • Julie
  • Mary

    In theory, theory and practice are the same. In practice, they are different. ~~~ Yogi Berra

  • Ronebadger

    My helmet is tin foil lined.

  • https://evilspeculator.com Sir Mole III

    Okay, not that you guys deserve it but here’s another Zero snappy:

    https://uploads.disquscdn.com/images/04bf164ed156303681708f0f4546c572691fd63aeb1ca8bc9605d6645ed7d3ab.png

  • HD

    Yes. Good eyes Julie. Are you in?

  • Julie

    MARY … When I have time I will repost my momentum trade Perhaps tonite
    JULIE

  • HD

    I got smoked

  • Julie

    Yes HD Shorted this am when I got to work Was waiting patiently per previous posts for the confirmation i.e. trend line break and 21 ema break
    JULIE

  • StockTalker

    Should be a straight line to 23k, do not try any fancy business on this tape. Very strong characteristics, what I have been anticipating.

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

    DAmnnnnn.
    I missed all the fun.

    ..and that’s why you don’t long from down under to VWAP children.
    {grin}

  • HD

    1 more time 2625

  • Ronebadger

    Still working with a 2400s target?

  • Mark Shinnick

    Maxing out with its in-motion atr range so a good spot for some vol of vol.

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

    That VIX Sell Signal we had last week is now the poster child for VIX Sell Signals https://uploads.disquscdn.com/images/150801ce1a439a1154af4fa88a755200ad476b4c51dc72b5f53b0ae39e2a2c8a.png

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

    Nice call! great that you spotted it.

  • BKXtoZERO

    what settings do you use for ATR (if you would be so kind as to share)

  • Darkthirty

    2475 if it’s a 4

  • Mark Shinnick

    Just measure local day atr to get some average for active moves. Local in this environment would be from February. Then, correlate the value into chart points of support/resistance.

  • Julie

    Ronebadger I am still looking for the triangle to play out. A curveball that Scott alluded to weeks ago and I always thought would occur JULIE
    https://uploads.disquscdn.com/images/cf0c66d6dcf81b7e36fd558de818bdec95e443c50aedc0de9fc3f1895a1752cd.png

  • BKXtoZERO

    Took off half of second position. TVIX 8.5 from 7.08. This is fun!

  • Mary

    Thanks Julie. I haven’t been her too much, very busy with work, etc.

    I’ll look for your post. If you reply to this post I’ll receive it as an email.

    Thank again.

  • BKXtoZERO

    Make it last a little longer, Sell stocks a little longer, that big red freshness! https://www.youtube.com/watch?v=AA3LrnAqOds

  • ridingwaves

    remember TVIX has its own latency….if market stays down, it will pick up later in the day…sometimes getting in the second day after playing it first day is better….

  • Darkthirty

    PPT at work

  • BKXtoZERO

    Oh I will be IN….. trust me…. ES 2640-50 bounce-ola for the Ayatollah. Thanks.

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

    huh? where -534 dow, -150 on COMP, and -45 on SPX…..or maybe it’s PYT you speak of..
    https://www.youtube.com/watch?v=y32ejtuxSjM

  • BKXtoZERO

    Thanks, will start playing with those. I know BL uses them.

  • https://evilspeculator.com Sir Mole III

    Nice – did you post it last week? I completely missed this one.

  • ridingwaves

    your forgiven but Ronebadger should be upset since he is the perma bear and you pay no attention to him, like a toy in the closet….

  • Ronebadger

    That’s a HUGH VWAP margin.

  • Ronebadger

    I posted last week…and, I believe YOU gave it a “Like”

  • Ronebadger

    OR, we’re in a 3 of 3 and your lower trendline will be toast. I’ve been short since last week….maybe I’ll add on a spike up? I’ll have to watch it closely.

  • ridingwaves

    took out the gap at 2620…

  • ridingwaves

    raises hand slowly…

  • Julie

    Very important Guys SPX Weekly chart The lower triangle trend line matches the weekly 55 ema and upper cloud boundary JULIE https://uploads.disquscdn.com/images/66d3cb5c78f1139471254ebbbdc2217b0d61010aeace1da86e4328c30e777694.png

  • Ronebadger

    MAYBE, your upper trendline should be the last two peaks in Mar/Apr…that’s how I’d draw it.

  • BKXtoZERO
  • Ronebadger

    TVIX bikes are more dangerous…as I understand…just ride them short distances

  • BKXtoZERO

    He posted it last week during step 2 and posted again as 3 was confirmed, then again this week

  • Julie

    BKX Safety in buses … Take the bus !
    JULIE

  • Julie

    Yes that too is a trend line I usually do not miss those Thanks Ronebadger
    JULIE

  • Julie

    BAC definite distribution today with today’s selling volume greater than previous day (Monday)Next support 29.96 and today’s low 30.00. Expected to break below Love it ! JULIEhttps://uploads.disquscdn.com/images/ffa0b8bc394bad96950724d640426e44f2b82a3b2722ee324d04a1500dadf1d6.png https://uploads.disquscdn.com/images/ffa0b8bc394bad96950724d640426e44f2b82a3b2722ee324d04a1500dadf1d6.png

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

    who’s Ronebadger?
    😉

  • Mark Shinnick

    Yeah…not just vigilance, but vengeance.

  • Darkthirty

    VWAP 23 pts up……….

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

    Impressive.

    Back from lunch.
    80sma doing it’s thing.

    https://uploads.disquscdn.com/images/2b0e38df018921e26973abff4d23772aacc641633ed344941607a6fe33694a3f.png

    I look forward to Captain’s Wednesday Commentary!

    Bulls have been served.

  • Julie

    Guys BAC Weekly chart the Ichi Cloud conversion line (8) is 30.90 matching today’s high 30.86 which is the daily cloud shown in chart below Using the monthly – weekly and daily charts in conjunction is deadly. JULIE https://uploads.disquscdn.com/images/9b7825a6a3ab0c0fcbf951436bbab59ec24924597ab86e6e6014c58302724263.png

  • Julie
  • Mark Shinnick

    Doing ok? I’m long as well. Shorts have a lot of good reason to be short.

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

    shit, I was short knowing 96 billion in treasuries were not going to sell well and the directs would have to participate more than expected but bailed at the end of day yesterday….need to believe or might as well sleep….

  • Julie

    SPX The minor bounce presently occurring is off a 61.8% retracement
    JULIE

  • HD

    That was a stressful hour. Im always early. Like dark thirty’s VWAP idea. This market has done a good job of going lower than buyers want to participate in and higher than sellers want to participate in. Wave characteristics.

  • HD

    More people are watching that triangle than were watching the IHNS pattern.

  • Julie

    USO will probably close today below it’s daily 5 ema approx. 13.78. Tomorrow want a bearish close below the conversion line (8) at 13.62 which will be confirmed by MACD crossing below it’s signal line. My trades are working great JULIE https://uploads.disquscdn.com/images/c80bc974f9c546d38f3d8d8797bd8a900316b399c9039b3c6150212df3da8f5a.png

  • Julie

    HD I have advocated the triangle since the April low At first it was falling on deaf ears
    JULIE

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

    oh, we heard you alright.
    😉

    http://www.factzoo.com/sites/all/img/mammals/jerboa-long-eared.jpg
    we just didn’t want to listen.

  • Julie

    Love those ears GG Better to hear me with LOL !
    JULIE

  • ridingwaves

    the real issue isn’t the triangle, its bonds, bond girl….don’t get sedated by triangles…

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

    are you kidding me. I could hear you in Hawaii.
    😉
    be Afraid.

  • Mark Shinnick

    Yes….pretty stressful. No real reason to believe its over.

  • Julie

    RW Going to short EXAS target 43.59
    JULIE

  • ridingwaves

    I’m surprised Mole hasn’t ran a 100sma under VIX….

  • ridingwaves

    I don’t know, too close to earnings season and no one wants a colonoscopy

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

    it’s illegal in 5 countries, and 2 territories.

  • ridingwaves

    not in Spain per his post today…

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

    …if this sell doesn’t pan-out, this could be a fantastic buy point in here. Just remember, sellside has been since February.

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

    ok, you adrenaline junkies.

    TIME CHECK

  • HD

    a Triangle implies it’s part of the same wave as the 1810-2873. There are other issues too but that’s my main reservation.

  • BKXtoZERO

    That is why I wear a steel plate over my ass these days….

  • Darkthirty

    Also implies a corrective wave, would confirm IV

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

    who or what is this? Big volume bar at the close….. Institutional EOD crap? I am mostly out. I will be playing it steel plate tight. https://uploads.disquscdn.com/images/292b931529f2be9a9e06082ff319eb5d96addc363eb0ff7ded7d2d083371e323.jpg

  • ridingwaves

    BREAKING Dow tumbles about 420 points, wipes out April’s gains as stock market stages selloff

    so, it closed at -424, I think we have a pothead at Marketwatch who is still struggling to get past last friday…why not -425 down if rounding out?

  • http://www.linkedin.com/in/sharondsessions/ Sharon

    does 2634.35 count??

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

    back up the surfboard.
    you are watching Marketwatch?

    What happened to your Information Diet six-pak??

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

    those beach babes aren’t attracted to Dad Bods.

    https://evilspeculator.com/information_diet/

  • Mark Shinnick

    LOL

  • Julie

    Hi Sharon YUP !
    JULIE

  • BKXtoZERO

    I didn’t look at ZH all day today until after close…

  • Yoda

    what is there not to like…

  • HD

    It’s corrective but IV would mean 2873 did not terminate the impulse.

  • https://evilspeculator.com Sir Mole III

    Shit I remember now.

  • Yoda
  • http://www.linkedin.com/in/sharondsessions/ Sharon

    my favorite was always Pierce Brosnan.

    http://www.piercebrosnan.com/

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

    HYG weekly.
    “It’s always darkest just before it goes pitch black”. LOL.

    You may want to pay attention for the next several weeks.
    For the bears, the credit pump may shut off, and the first step down is a doozey.
    For the bulls, a surprise to the upside, what a perfect place for a bear trap.

    https://uploads.disquscdn.com/images/cd51a58d54abdb86ab36d9f9a3377d5d6d0c308026bfa66fe2c3feccab78903f.png
    Have a plan, trade the plan.
    -GG

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

    Hat tip to Mole,
    in all the years I’ve been here. This was the closest I remember to real time council.
    https://steemitimages.com/DQmWeRAu1MNjfbTVbpciHjbUD7MoMJVZPqBcttY5wZ28BEX/maxresdefault.jpg

  • HD

    Mole said he might try a long.

  • Darkthirty

    Got a gap all the way at the top………………………..

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

    No shit?

    😉

  • BKXtoZERO

    Gold rejected SIX times at 1365, seems unreal, it keeps trying. I am looking to move a lot of my ill gotten TVIX gains into Silver and am eyeing Gold as a proxy near 1306 area as a possible try for a long term entry into USLV. The silver/gold ratio is way out of whack. https://uploads.disquscdn.com/images/ea56dab312c674c626f76ea47ffbb357a571013c70d7b2bef1f471d520c1688c.jpg

  • BKXtoZERO

    Ali lets Foreman get himself all tired out, lets him punch all he wants, then pounds him at 52 minutes in….. could be a parallel: https://www.youtube.com/watch?v=55AasOJZzDE

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

    those were the Days.

    before the Blood Sport.
    https://www.youtube.com/watch?v=NtnUQa1Z_FY

  • Julie

    Hi Mary Sorry for being late 10:10 pm Montana time. Like you very busy

    Everyone use the CCI (20) for a reversal BUT it can also be used for momentum. I use (1) RSI 3 (2) PPO 3,9,16 (3) CCI 20 (4) 5 ema (5) Ichi Coud 8,21,55

    For a momentum long price must be above the conversion line (8) along with CCI 20 above +100. Price must also go above the daily 5 ema with the PPO 3,9,16 above it’s centerline and signal line.Now caution is advised when RSI 3 goes above 84 which can presage a reversal at anytime. Preferably price should be above the cloud.

    I exit with a bearish close below the daily 5 ema or the 30 min chart with a bearish candle closing below the 30 min 65 ema. Also exit when the PPO 3,9,16 goes below it’s signal line.

    A momentum short is just the opposite of the long with the RSI (3) at 16 for caution.
    The trade can be several days to a week or longer EXAMPLE ABMD 6 trades one was a loser which you can cut a loss immediately JULIE https://uploads.disquscdn.com/images/3aad96358035a4957249e2723c034cadc8ad8f6cb72f9963d283032e5d2647ca.png

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

    Thank you so much Julie. I certainly respect your methods based on what I’ve seen here. I will tuck this away and study it in detail when I get a lull. Thanks again.

  • StockTalker

    10 yr historical data

  • StockTalker
  • Mary

    How would you play it longer term? TBT? TWM? SRS?

  • StockTalker

    Long term, if interest rates are on the rise now=lower treasury bonds. you could short treasuries for the long term. Think we see a short term rally in treasuries right now, then play short. Long term leveraged ETF are difficult to hold but think that in this environment you can hold them. Holding 5k shares of TVIX right now.

  • Mary

    EUR/USD near the bottom of it’s 3 month channel.

  • ridingwaves

    closet bears not wasting much time today, of course the auctions are at 1EST….need to save some liquidity

  • BKXtoZERO

    I was hoping for more of a bounce. OR… one more weak move down lower but diverging, then bounce…. guarding my liquidity as you say.

  • ridingwaves

    Sometimes you just got to follow the plan…..

    ridingwaves 2 days ago
    Nice video gentlemen….
    97 billion in treasuries need to be sold this week, will the indirect (China, Japan, Others) be buyers….last auctions they were very absent

  • BKXtoZERO

    I followed my plan to a T.

  • ridingwaves

    200sma spx survived first round…will it make it thru the day..

  • ridingwaves

    roll the contracts boys and girls, OPEX for Gold and Silver today…

  • BKXtoZERO

    building a longer term hold on USLV. added 10.16

  • https://evilspeculator.com Sir Mole III

    NEW POST

  • ridingwaves

    good luck senor…

  • Julie

    Mary You and Everyone here are most welcome. Great Blog and must be nimble at the present time
    JULIE