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Updated Market Map For June
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Updated Market Map For June

by The MoleJune 5, 2019

The market never ceases to surprise even the most savvy and experienced of operators. Merely an hour after I posted a fairly bearish medium term outlook on equities the market reversed in its track and embarked on a massive short squeeze that ended the session near the crucial SPX 2800 mark.

So of course the next question I expect you to ask if the bear is done for the summer. Tough to predict but what I can offer are several price thresholds that will affect the balance between the bulls and the bears.

First up here’s a glance at yesterday’s perspective on the Zero indicator. Solid positive signal almost throughout the entire session and VWAP was never as much as touched. Typical short squeeze up trending day, which is when you completely ignore any signal divergences and simply hold long into the close. The same of course applies to trading the downside.

Now here’s a handy map which I already spelled out yesterday in the comment section. Our thresholds here are as followes:

  • ES 2800 (where we are now – more or less): The bears are officially put on notice but it’s still possible that we’re painting a snap back rally inside a more extended bearish cycle.
  • ES 2850: The bears are now in trouble as we’re basically reversing over 50% of the down leg, and possibly in only two or three sessions. Sellers need to step in here or the bulls are back in control.
  • ES 2900: A big psychological threshold that hands control back in the hands of the bulls.

The stakes could not be any higher here as a failure of the bears here will most likely lead to a breach of the double top on the daily panel (i.e. a push beyond the coveted 3k mark).

The bears are not dead yet – not by a long shot. But in order to maintain the perception of an extended bearish cycle any rips need to be slapped down with utmost prejudice. Continuation higher from here (as we are witnessing this morning) weakens the bearish case IF it breaches > the 2850 mark. Until then the odds of a counter rip inside a bearish cycle are still high.

UVOL shows us organized buying pressure throughout the entirety of yesterday’s session.

This is the one chart that still irks me a little. At least judging by the SPX:VIX ratio option prices still reflect quite a bit of skepticism. I’ll keep an eye on this one today, for sure.

I won’t pretend that I saw this one coming as my mamo charts didn’t reflect any pressing reason for a bounce. And from a pure price perspective a drop toward ES 2650 would have made a lot more sense. Of course I’m the first one to always expect the unexpected, but until ES 2900 has been breached I remain a bit skeptical.

Quick update on crude: A floor pattern seems to be in the making and I’ve now pushed my trail to 1.25R, which has high odds of being touched today.

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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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  • https://evilspeculator.com Sir Mole III

    Guten Morgen!

  • zzezzezz

    Thank you for the post sir!

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

    gold and silver..

  • https://evilspeculator.com Sir Mole III

    Always a pleasure. Put a penny in the box πŸ˜‰

  • https://evilspeculator.com Sir Mole III

    Yes indeed…

  • zzezzezz

    I’m a sub, does that count? πŸ˜‰

  • Ronebadger
  • Ronebadger

    VIX positive (right now) ~10AM EST

  • Dyellowflash

    contracting triangle on the dow 1m chart. Couldnt get a clean shot. No fill yet. Looking to short if the day’s high is not exceeded.

  • Dyellowflash

    Could be here. Short Dow 25470s. Not a clean fill. Cant fill properly. SL 25510s.

  • HD

    Gap and crap, so far. wouldn’t surprise to see em reload at 2800

  • Dyellowflash

    Shorted the wrong indexes again. SnP looks a lot weaker than Dow. But if i short SnP, it is difficult to calculate my SLs, bcos of the big problem that SnP price doesnt reflect very well or cleanly on 1m tiny frame chart… hence I almost always trade Dow more regularly. I have to figure out some way to trade SnP – hard to sync Dow prices with Mole’s Zero indicators on ES prices.

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

    ..”over 50% of the down leg.” Check.
    -GG

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

    Price didnt move much today as compared to the last few days, but in the 1m timeframe, its internal dynamics is faster than I can make decisions. I might have to sit this out and just hang on to my incomplete short fills.

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

    Hey Julie, ..wake up!
    USO is down, are you standing on your head? LOL

    https://evfperformance.com/wp-content/uploads/2017/11/hspu.jpg

  • HD

    HD Mod β€’ a day ago
    The largest rally since May has been $90.72.

    This rally, $91.61 and found sellers. Always trade symmetry.

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

    $copper range.
    somebody tuck this one away!

    https://stockcharts.com/h-sc/ui?s=%24COPPER&p=D&yr=1&mn=0&dy=0&id=p87382547480

    edit: plug GDX into it, you’ll be surprised.

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

    Quoth the Raven podcast was trash talking the technical traders.
    At first, I was offended. But then I thought – “If I can’t poke fun at myself, who can? Am I a snowflake?”
    and I will admit, there is a real thing of Market makers saying ‘F’the technicals, buy 10M shares”.
    -GG

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

    Can you do it by just eyeballing the shape of the graph?

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

    No easy answer. It took me about a year to get use to /ES, $SPX, & SPY alone.
    drove me crazy due to my engineering tendencies.

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

    but I am a little surprised, Captain hasn’t created a DOW radio button. Click of the button, and /ES to /YM – magic!

  • Dyellowflash

    Not easy, bcos the 3 indexes are quite different. My experience tells me that DOW is the prime index, i.e. others always follow it if there are divergences. This was what happened when Dow was steady while NQ dropped a couple of days back. Hence whatever price actions occurred on Zero, I had to double check on whether its the same on Dow.

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

    I put together a little /ES – (10 * SPY) thingy in ToS to see how much ES varied from SPY. Don’t use it much, but easy enough to do.

  • BKXtoZERO

    Long TVIX 23.16, see if it is a camp day or what……..

  • HD

    Reload indeed. SPX very friendly.

  • Dyellowflash

    Gotten a full fill of shorts at 25480s. 30 pts SL.

  • Dyellowflash

    Our timings are about the same. Good luck to ur TVIX then πŸ™‚

  • BKXtoZERO

    Long CL via UWT 10.26

  • Darkthirty

    10X ES=DJI is what I used to use…..

  • BKXtoZERO

    You mean you get up the same time as me? (LOL) I am just kidding but really they say the opening is for the chumps and the close is for pros. I don’t carry large over night, and I found that getting up when I do allows them to do whatever they are going to do, that I would have to sit and watch anyway…. I would get sucked in, stopped out, and over trade. This wat after an hour or so, I see what they have set up, AND…. I get some extra sleep. I have a sleep disorder so I need it anyway.

  • Darkthirty

    Isn’t ES is the favored index to pump?

  • Mark Shinnick

    Pretty cool adaptations there!

  • Darkthirty

    That’s an illegal overlap of 4 into 1…one of the problems with EW and ES. Try DOW for EW, divide by 10 and you should be close on ES

  • BKXtoZERO

    Darwinism

  • Mark Shinnick

    Looks like HY is corrected into a no mans land sorta like equities right now. I’m still positioned drv and out for the time being jnug.

  • BKXtoZERO

    My DRV is back to up only small amount, holding for now

  • Darkthirty

    What’s the timeframe for resolution?

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

    explain..

  • Ronebadger

    You are right…heck, maybe W3 isn’t finished yet?

  • Darkthirty
  • Darkthirty

    I’m aware of the USD correlation, do you see a reversal in the trend?

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

    I see a bounce to 2.70 or 2.80 (HWB)
    but that is up to the individual.

  • Julie 35 – 25 – 36

    Guys SPX up to the Level 2 2819.56 meeting the upper downtrend line No position USO yet as it’s come down to a support zone and congestion area.Waiting for a reversal candle daily chart Out of SLV remaining 1/4 long Going to show two SLV charts that will knock the cover off the ball 1st chart Cloud with the Holy Grail 89 ema 2nd chart the Bollinger Band trick JULIE
    https://uploads.disquscdn.com/images/42cccbc9bcb8ad0ec68950b69ddca79e364f342571ae2069138746ad41ce720c.png https://uploads.disquscdn.com/images/60ba4fafea411d82d55500f786f89c9d32549e06369e073f7db4647270ce63cf.png

  • BKXtoZERO

    zeroedge article today saying housing has over taken manufacturing and is our #1 industry…. a nation of house flippers. I still read but I skim past all the negative junk. they are still a decent MKT baramoter of what goes on each day. https://www.zerohedge.com/news/2019-06-05/americas-path-fire-economy

  • BKXtoZERO

    Is this Sid? Or Nancy? or Julie posting ???

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

    don’t forget all of those toasted houses.
    ‘creative destruction’!

    https://i.ytimg.com/vi/bILo5Rjkxtg/maxresdefault.jpg

  • Darkthirty

    No, ES is always sloppy on fib retraces, trendlines, etc. I don’t have a dow chart to work from, but when EW was working, pre 2008, I always watched regular trading hour dow, then traded the ES from that. ES would lag a minute or 2, and I was banging the turns on ES real tight….

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

    ‘Who’s on First’

  • https://evilspeculator.com Sir Mole III

    How’s my crew today? Jeezz – I have spent all afternoon recording video. It’s a very labor intensive process!

  • https://evilspeculator.com Sir Mole III

    Yeah and all the cars were melted. My wife is super suspicious about this one.

  • Julie 35 – 25 – 36

    Doing great Chief ! Thanks for your hard work
    JULIE

  • https://evilspeculator.com Sir Mole III

    I’m very much looking forward to finally releasing it. It’s been a whole year of hard work!

  • Darkthirty

    Still sitting on a massive pile of copper and brass salvage : (

  • Julie 35 – 25 – 36

    Hi BK Julie on board .. Vacation starts tomorrow Cyd on Monday
    JULIE

  • BKXtoZERO

    ya… I have been working on a video about my aerodynamics work that has gone on for 3 months. I keep moving and adding slides, editing, deciding how to be concise, bring people in, not be boring… how much to say, editing other public video to ad in, very little recording so far.

  • BKXtoZERO

    Am I mentioned in this one too?

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

    RTY seems to lead ES a bit on my 15 min charts.

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

    I’m looking forward to it as well. Do you have an anticipated release date?

  • https://evilspeculator.com Sir Mole III

    I hope you didn’t shave your legs!

  • https://evilspeculator.com Sir Mole III

    Whenever I’m done with the system building master class. That one was the most labor intensive.

  • https://evilspeculator.com Sir Mole III

    Only as a bad example.

  • HD

    I made a POV video while on vacation. Tons of fun!

  • https://evilspeculator.com Sir Mole III

    And the audio editing takes forever. Mainly because I’m an anal retentive pain in the ass.

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

    Almost time to throw us a bone with some details πŸ™‚

  • https://evilspeculator.com Sir Mole III

    PG 13?

  • HD

    Lol

  • https://evilspeculator.com Sir Mole III

    HD in Bangkok – LOL

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

    Does anal-retentive have a hyphen? πŸ˜‰

  • Darkthirty

    Can you do a layover chart of the 3? Russel and Nasdaq always seemed to diverge from SP and DOW. DOW was 10x SP, so I used that as a magnifying glass to watch SP…….

  • https://evilspeculator.com Sir Mole III

    Of course not – that would be excessive (only in Germany).

    https://en.wikipedia.org/wiki/Anal_retentiveness

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

    I might have to try that after I get the house flip done.

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

    I haven’t been to Bangkok, but I have been to Pattaya Beach. Let’s just say it is a pretty wild place…

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

    yeah, If you see it happen in Phoenix, and GG disappears?

    it wasn’t the barrel cactus.

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

    My father was into that. I’ve been to the junkyard more times than a Nun to church.

  • HD

    I think that will be a huge success. I should have paid to learn from a veteran trader. It would be much cheaper than what I ended up paying for my market education.

  • BKXtoZERO

    nose hairs

  • HD

    As per the EW, the easy part of the wave is over. Two symmetry set ups went off perfectly. Now SPX holding 2800 and above some MA’s we can assume the larger B still until wrong. Best practice now is to not use EW until pattern or overlap occurs.

  • Darkthirty

    Did he get help? It’s definitely an addiction! Been scrapping since I was 8, Get paid to get rid of it, then get paid to sell it….doesn’t get any better than that!

  • Julie 35 – 25 – 36

    EXAS has been a stubborn short BUT it will go my way Up into triple Bollinger upper bands Overbought with volume diminishing MACD nearly at level where pullbacks occur Double top at 105 RSI negative divergence Patience Guys JULIE https://uploads.disquscdn.com/images/fe6ce9a4fa6e7e43e0cac538457f5b99b3ca7e7351c1578a7be5177f3168a617.png

  • Darkthirty

    Just got a sell signal….just watching yet

  • Darkthirty

    That’s a classic!

  • HD

    Next R on my chart is fibo 2834, and all the way HWB 2841

  • Julie 35 – 25 – 36

    HD Watch Level 1 at 2826.65
    JULIE

  • HD

    I’m watching the TL of LOD yesterday and today.

  • Julie 35 – 25 – 36

    Guys USO Possible bounce off weekly 34 lower Bollinger Band.As stated in post below will nail it on the daily with a reversal candle at this possible level. JULIE https://uploads.disquscdn.com/images/a1821eb4ad1bf689733d121ebf6ddcb72d77b981e06ab41696cd16a704200e0c.png

  • Darkthirty

    Could be completing B right now, no real retrace or correction on this run yet…

  • Julie 35 – 25 – 36

    USO Now looking at daily chart YUP! A possible hammer candle Gotta believe in charts Guys
    JULIE

  • Julie 35 – 25 – 36

    Also posted 10.70 10.80 was target Close enough Guys
    JULIE

  • BKXtoZERO

    I am too now that I too saw it

  • Darkthirty

    You know what kind of meat the pope eats??

  • BKXtoZERO

    I nailed the low….

  • https://evilspeculator.com Sir Mole III

    Scott lives there and has invited me like a dozen times. But what can I say – I’m more of a Slovenia type of guy:

    https://content.screencast.com/users/evilspeculator/folders/Jing/media/66b9dfcb-8c37-4c33-a318-a39d737b3fe4/00022973.png

  • https://evilspeculator.com Sir Mole III

    I took that one on our last hike last week. Pure heaven…

  • Julie 35 – 25 – 36

    D30 ??? To me looks like either an A (for an X) or a wave 1 following an ABC down from 2954
    JULIE

  • Julie 35 – 25 – 36

    Good man BK EOD waiting for a final candle print on daily BK watch SLV on this pullback approx 13.71
    JULIE

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

    no he did not. At one point, he was spending more gasoline, than what was on the scales.
    he said “it was something to do while retired”.

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

    no falling knife for me.
    go look at the drops in 2014 & 2015.

    trail it with a moving average, and wait it out.

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

    oh man, there goes my lunch appetite! thanks a lot.

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

    Very nice. I think I’d prefer Slovenia as well.

  • Julie 35 – 25 – 36

    GG Strong possibility of a bounce at this level and targets
    JULIE

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

    sure. just need a tweet, a lie, a misnomer.

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

    ..but get some compendium!

  • Julie 35 – 25 – 36

    GG IMO don’t argue with a hammer off the weekly lower 34 Bollinger Band oversold weekly and daily charts at support zone Get ready for the rip GG JULIE https://uploads.disquscdn.com/images/28d3d8dd3423ea88416fb94700d8fe3262a94dc3ae1a6da4c00eb3a6f712dd69.png

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

    ha! let the candle finish. REMEMBER Blondie?

  • Julie 35 – 25 – 36

    GG Plenty of compendium LOL!
    JULIE

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

    GG Refer to post below in reply to BK i.e. letting the candle print EOD
    JULIE

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

    no. my scroll mouse will only go *so far*

  • Julie 35 – 25 – 36

    Guys SLV pullback watch approx 13.71 I nailed almost the entire advance
    JULIE

  • BKXtoZERO

    Pros catch the lower print on the tail like me. He he he

  • Julie 35 – 25 – 36

    BK Now must compute a target we must be careful as there could be a pop then a consolidation then another drop A consolidation will be easy to discern
    JULIE

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

    Pride cometh before a fall.
    I will take the other side of your trade…some day.

  • Darkthirty

    Beautiful zig zag down from 2954, the wave up shows little correction, possibly B? Down from 2948 is another perfect zig zag, but a lame correction to the move up from 2350. Currently at 618 of 3 or C a reversal here or at 2840 would imply 3 of 3. If 2850, a HWB or 50% would imply a B and target 2655 without extension. Extension that would be expected to 618 retrace at 2577 + or –

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

    GG I watch everything so close that if wrong no loss USO earlier at approx 12 bucks got out quicker than a New York minute
    JULIE

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

    there is no New York minutes in Montana silly.

  • Darkthirty

    https://uploads.disquscdn.com/images/c39efea3e0cf921d51a268948a00310b7b9657e9e28e210dc11cbb841e33f125.png Notice where the run died in the center of the channel. The retrace is actually at 618

  • Julie 35 – 25 – 36

    Three weeks GG Gonna miss you guys too I need a vacation away from it all Grizz has been great helping me with everything The trip to Boston was grueling as I had to give summations and daily reports for almost two weeks Where we will be no phone No internet no Nuthin .. Beautiful country and now warming up
    JULIE

  • Darkthirty

    Well, he’s right it’s better than golfing. I can’t do anything unless there’s a tangible goal.

  • HD

    I have to assume you didn’t sell the symmetry or buy the 2800 today…. major bummer. My head would spin too.

  • Darkthirty

    Wrote a summary on HDs post farther up the line…

  • Julie 35 – 25 – 36

    Guys https://uploads.disquscdn.com/images/552a26a2d479b1f80b95d4618b23a14877053a99ed05cba37201c7b08bc79e63.png Anyone catch this oversold bounce UUP the greenback at the 55 ema and support ? JULIE

  • Julie 35 – 25 – 36

    D30 That is a great example of an impulse up I am watching too !
    JULIE

  • HD

    You’re dialed into a lot of products! Kudos

  • Julie 35 – 25 – 36

    Wow Supervisor just told me to “Hit the trail” Guys Now On Vacation See you Guys in 3 weeks. Yippee ! Everyone trade carefully. Cyd has my laptop as we were not able to log her in last night with her new disqus account that she set up. Could not get past the various captcha BS Later Guys Love all of you Guys !
    JULIE

  • Darkthirty

    I partied with that chick, a real blast..

  • BKXtoZERO

    I can help… The captcha answer is 4. 2+2=4.
    Have a good vacation!

  • HD

    enjoy!

  • Darkthirty

    Looks like a 3-4 minute buy cycle… they’re having trouble keeping it up. overbought up to the hourly charts

  • Darkthirty

    I started to listen to it, couldn’t get past the BS at the beginning….

  • evilasevildoes

    Have a blast

  • HD

    TL!

  • Darkthirty

    Honoring it, so far

  • HD

    oil was down 5% and SPX up way too much. See how that resolves

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

    Julie just dropped by where I work on her way home I have her laptop and all related charts. I will show my name and avatar so you will know when it’s working . I am finishing up lunch hour and will show a USO chart as it’s on our hit list , It must get above 10.96 resistance and down trend line
    Cyd https://uploads.disquscdn.com/images/d18a6b24a7e1b049b69d55d680ad391a7f13f726647acaac9a2c70760397e402.png https://uploads.disquscdn.com/images/62f6d5fd92f4a1bc13a542d42a87fa3591875c3a0678da0e6be80c89ad3a4dc7.png

  • Darkthirty

    Isn’t oil somewhat based on fundamentals?

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

    What is the co-relation between your vacations and the market indices?

    Do they shoot higher or like certain others on this blog A vacation by X is a time to vacate the long market and load up on the shorts?

    Have a super vacation (and allow the markets whatever they do)

  • BobbyLow

    Fundamentals on oil are somewhere on the list but they come after what the bigs are holding as in heavy short or long. I’ve seen build after build in supply week after week while prices continued to rise week after week. I’ve also seen drawdown after drawdown week after week while prices fell week after week. There is also the fear of supply disruption card that can be played at anytime from problems in the Middle East, Nigeria etc,. Some of this fear has gone away with Oil Sands etc but not all of it. So fundamentals are on the list but way down on the list. IMO

  • Julie 35 – 25 – 36

    There are pictures of pajama parties and all night rendezvous Of course those will not interest you fellas as it’s not market related
    Cyd

  • BKXtoZERO

    Life isn’t all about markets

  • Julie 35 – 25 – 36

    I am supposed to watch out for you The alpha wolf
    Cyd

  • Darkthirty

    : P

  • Darkthirty

    Thanks. I’m watching grains. Was a farmer for a few years and the market in no way representing what is happening in the field…..

  • HD

    When your building your system, whatever that means, it all boils down to execution. Find your spots- cheap spots. Lot’s of 5 and 10 handle trades is all you need. You don’t need a system that hits home runs, 50 handles every time. JMHO

    https://uploads.disquscdn.com/images/c6669fe5a65839951e7d2121e343273deb3587aa8bb509cecc7139f3485507df.png

  • HD

    I’m interested πŸ™‚

  • HD

    CL is a Widowmaker but I have seen it affect SPX intraday too often to ignore.

  • Julie 35 – 25 – 36

    Looking for a rollover at our posted 2826.65 level and a trend line break There is a negative divergence on hourly stochastics I have about 10 minutes left on lunch
    Cyd

  • Julie 35 – 25 – 36
  • BKXtoZERO

    What is the old market adage? All for one and one for all?

  • HD

    you’re gonna get me in trouble πŸ˜‰

  • Dyellowflash

    Double top shooting star on Gold on the daily chart?

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

    I knew it. Julie’s helping to gold dig a Millionaire.
    LOL.

  • HD

    Looks like they want to close it right on your price.

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

    my actions speak Loud. but I could be wrong.
    he he.

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

    I’m buying, what are you selling?
    πŸ˜‰

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

    I’ve got Julie fooled.
    I’m a Sigma.
    https://www.youtube.com/watch?v=e1iyE3zhY2o
    LOL.

  • Darkthirty

    MOC

  • BKXtoZERO

    Took a ding on small TVIX from yesterday. Holding today’s entry. 1R. Still in DRV now flat. Real estate must go up I guess.

  • zzezzezz

    Agreed. Personally, me (and my system) are good at those 5-10 handle scalps. I USUALLY fail when I try to hit those “home runs”.

  • Darkthirty

    This hog is all of 265…

  • zzezzezz

    What!? Oh yeah, Julie said you were supposed to post all of those pictures here for us to review….

  • BobbyLow

    Yes Z!!!!!!!!!!!!!!

    Home runs are great but there are way too many strike outs inbetween. πŸ™‚

  • zzezzezz

    yup!!

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

    Been out – who is Cyd?

  • BKXtoZERO
  • zzezzezz

    Next stop 2860?

  • Darkthirty

    Julie’s trading partner, She’s on vacation and we have to keep the place smelling nice……

  • https://evilspeculator.com Sir Mole III

    I envy you Julie. After ten days in Slovenia I was just beginning to relax. To be honest I would need to take a month or two off to truly recharge my batteries.

  • Julie 35 – 25 – 36

    On a break Mole (chief) in his briefing above mentioned the SPX;$VIX ratio There was a positive divergence noted and today reclaims it’s 21 ema. $SPXADP sports what is called a bullish thrust having reached the 70% threshold A bearish thrust is the opposite – 70%
    Cyd https://uploads.disquscdn.com/images/6611c4306a0446a52282851c9fcf873c1b19473450b6aaa9acd25256c68fd4a7.png https://uploads.disquscdn.com/images/7e7a20c5fcbfc5e6e4a378ad50786af991c60c421a5488dcf2f4d65f40214328.png

  • https://evilspeculator.com Sir Mole III

    That is a positive sign. So was today’s follow through higher.

  • Julie 35 – 25 – 36

    $SPXADP cumulative now reclaims it’s 10 ema which is important That’s all for now
    Cyd https://uploads.disquscdn.com/images/1e350c5390bfe16fe195fa101b468c9707776ab02e73182af9dddccc51d8f367.png

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

    Hello Mole AKA chief Very nice to meet you I am sure there will be a slight pullback from 2826 then another advance The market needs volume to confirm the positive breath.Julie and I are somewhat skeptical like you and caution is the name of the game.Restating what Julie has said the rally from December weekly RSI did not attain the required 66.66 to transfer to a bull market. The RSI topped at 64.57. A double top could still be in play and this could just be a counter trend move. Our original target 2650 is akin to your feelings also As you are aware bear market counter trend moves are designed to fool the unsuspecting and like you we are shall I say suspect of this move. If it can get above the declining 21 and 55 ema’s which augment your 2850 then the pendulum swings in favor of the bulls. Until then like you step carefully. Sir Mole Julie and I think very highly of you and everyone here. It’s a great place and as Julie says and I concur female friendly Thank you Sir Mole I mean Chief
    Cyd

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

    Julie’s alter ego. Yes, unfortunately her meds were misdirected for 3 weeks. {sigh}
    (think Sybil, or should we say Cybil?)

  • BobbyLow

    Temporary glitch in positivity with Mexico Tariffs again at 6 PM Re-open. We’ll see if this gap down is short lived or if it has any legs.

    https://www.investors.com/market-trend/stock-market-today/dow-jones-futures-mexico-tariffs-stock-market-rally-stitch-fix-stock-cloudera-stock-mongodb-stock/

  • evilasevildoes

    june 17 or 21 rollover until then we tread

  • zzezzezz

    I think full moon is 17th

  • Julie 35 – 25 – 36
  • Darkthirty

    If I was president, 20 K troops would have crossed the border 1/2 mile and pushed all people in front of them, declared a 1/2 mile DMZ, and killed anyone that stepped foot on it. The BS has to stop… Threatening to transport 250K invaders to the border is an act of war.

  • BobbyLow

    I’m glad you’re not president. But you might think it could be a good idea to round up all the illegal immigrants and turn them into slave labor to build the wall. They could probably exist on 500 calories a day so you wouldn’t have to feed them much until they dropped dead. Fitting thoughts for all facists old and new.

  • Julie 35 – 25 – 36

    SPX Now up into it’s declining 21 ema RSI 9 has gone above RSI 30 However $NYMOT has not gone above 0 and still is negative.while $NYSI has not regained it’s 10 sma Both are critical measures for a rally
    Cyd https://uploads.disquscdn.com/images/be8caa4b79f504cf6934e5b2c6b734f399f0af005c6adf60de76c057de1d8ceb.png https://uploads.disquscdn.com/images/4ff4a75506cfb94f089b73fc8fcc5ff9c016e941ad5bfabe8f7e120f325bee90.png

  • Darkthirty

    No, I have no problem with immigrants. They should NOT receive any assistance whatsoever. We have measles, plague, super lice, tuberculosis, et al. NONE are being vetted, quarantined, or tested for communicable disease. Rant off

  • BKXtoZERO

    Then we should harvest their organs too….

  • Julie 35 – 25 – 36

    There is a chart pattern that I would like to clarify that is very possibly occurring There are variations of H&S patterns.Simple and complex Complex can have 2 left shoulders and 2 right shoulders and even 2 heads. A complex pattern could be happening with 2 left shoulders and 2 right shoulders
    Cyd https://uploads.disquscdn.com/images/4e89558e7fd6ea4752440ec76fd4f9ba36747fbdb4a9f670d3cb913fc7ad9b4a.png

  • Darkthirty

    MMMM liver and onions!

  • Julie 35 – 25 – 36

    I am sure that there will be a person (GG) that will reply to two heads Cyd and Julie together https://uploads.disquscdn.com/images/19394c12f57aca15b253864ca02442fcb509f31420a2367ca9f1d570680f9815.png
    Cyd

  • ridingwaves

    BL, show us your receipts for housing, feeding, caring, policing, schooling etc. for all these illegal alien leeches….Hypocrites seem to bathe in liberal waters…..Why do liberals scream fascism when illegal aliens are brought up….No American should pay one penny for this Obozo Czar 44 executive actions that created this invasion of leeches….I have all the proof if you dare want to see it….

    Why should I pay for any illegal alien? How many are you housing?
    I’m happy the democrat party is a dead party walking, they are taxpayer financial terrorists.

    Build the wall, deport them all.

  • Darkthirty

    2 Heads are better than one…? Maybe

  • zzezzezz

    Yes please!

  • Darkthirty

    for religious purposes?

  • RoastBeeph

    Are you really this gross of a person? The lack of empathy is bewildering.

  • Darkthirty

    We are nothing but a compilation of our experiences, I’ve seen more than you maybe?

  • Darkthirty

    How many have you taken in? Seriously…

  • BobbyLow

    I might be a liberal and your fucking asshole leader has made me proud to be one. OTOH, you must be proud to be a facist. There is no more communication without slamming each other anymore and as Trump would say, “GFY”. And by all means the next time you’re in church, sing hallelujah and PTL. Talk about fucking hypocrites. Unfuckingbelievable!!!!!!!!!!!!

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

    I definitely see a head and shoulders pattern there.

  • Darkthirty

    epaulets?

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

    yeah, me and Julie talked about that 2 evenings ago.

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

    Unreal ain’t it? I can’t believe how callous people can be.

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

    and you call yourself a Mod?
    πŸ˜‰

    https://www.youtube.com/watch?v=34LGPIXvU5M

  • BobbyLow

    OK this is an open message to Dark Thirty, RW and Myself. There have been many requests to knock off the political messages and or trolling no matter which side anyone is on. I have deleted the entire thread where we took shots at each other.

    Damn it, all it takes is one trolling thread to start a shit storm and I guarantee someone will end up getting pissed off enough to leave ES. So from now on I promise that when I see a comment that needs deleting, it’s gone. If the person whose comment has been deleted doesn’t like it they can complain to Mole. If these types of comments are allowed to stay on ES then I will leave. It’s as simple as that.

    And GG I deleted my comment that was also inappropriate before you could reply to it so this statement will have to do.

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

    thanks BL. we have an extremely rare forum here. I’d like to keep it.
    -peace

  • Darkthirty

    Actually it’s 2 inverted H&S patterns

  • Mark Shinnick

    Extremely rare….as in reasonably well disciplined?…and/or??

  • Darkthirty

    And it started with no intent, took on a life of it’s own..

  • BobbyLow

    It’s over now. Tomorrow is another day where we can all have one common goal and that is to do battle with the market and not each other. πŸ™‚

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

    an old chart Fearless shared way back in the day.
    I ran across it last year.

    https://stockcharts.com/h-sc/ui?s=TLT%3ATIP&p=D&yr=1&mn=0&dy=0&id=p1665716913c
    if the ratio goes out side the envelope, it could signal ‘a’ bottom within 3 to 4 days.
    FWIW.
    -GG

  • sutluc

    Typical of the way fires burn in suburban interface areas.
    Cars burn like hell, rubber, plastic,and fuel. Alloy wheels melt, steel sags from the heat.
    Inspect for paranoia.

  • BKXtoZERO

    Let’s all concentrate on productive things, like getting Julies pictures from Cyd!

  • Julie 35 – 25 – 36

    Very funny BK I just came on board. The secrets that Julie and I share over the years
    Cyd

  • Julie 35 – 25 – 36

    Still not able to access disqus An IT specialist at work is trying to solve the problem. He thinks it’s something in the security system with the captcha. He tried to open an account and so far has been unsuccessful

    Let’s look at the rails $DJUSRR Has recaptured both it’s 21 and 55 ema’s More work to do as now must go above two trend lines and an overhead resistance. RSI has gone above 50 and cleared a down trend line but MACD has yet to clear it’s center line The stochastic is not overbought so let’s see if the bulls can clear said resistance. That would be a bullish development for the rails as they have certainly been a relative out performer in the entire bull market UNP is the leader of this industry and a stock that Julie and I trade. We haven’t traded it lately as we have been focused on other areas Keep an eye on the rails as they are domestic and a leading economic indicator
    Cyd https://uploads.disquscdn.com/images/6ec918de78c401b849d46c4fcf70e165bb4e7d68d3b4a1099dc18ba112810cf9.png

  • Dyellowflash

    It seems like the trades that I hate to take are those that won the most the past mth. So here’s one which I was really compelled to take. I hate entering an index position b4 NYSE opens and I hate to take more shorts. I still think the brokerages will sabo a few rounds, so might even need to refill again when mkt opens at a slightly higher price. https://uploads.disquscdn.com/images/f88d013dbf323145f29a53abedce7c689395b1dcf82c63317dc05bb7ff5622ef.jpg

  • https://evilspeculator.com Sir Mole III

    Absolutely – same here. Also especially on thin contracts like the grains I often noticed that the winning campaigns were the toughest ones to get filled in. The losers always filled well – no exception.

  • https://evilspeculator.com Sir Mole III

    APPROVED. Politics have no place here. PLENTY of other blogs/sites out there for that. I don’t mind the occasional quip here and there but let’s keep a lid on it please.

  • https://evilspeculator.com Sir Mole III

    That’s how it always starts.

  • Dyellowflash

    So far so good. Positions r in the black. I have little affinity for price levels analysis, my cue is gap days are likely to be serious reversal days. Hence on such days, I have to fill even during non-NYSE hrs. Nothing to TP. Either my SL or I will add more if Zero confirms the reversal later.

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

    Monitoring the squeeze meter. B’s have met the 70 mark and then diverged. This rally, like the rally in May on 3rd day. Key fibs above I will sell into. Much Time above that would be a huge clue.
    https://uploads.disquscdn.com/images/13cc2fcbb32fbaa7db4e86d6cf3e806df94514b740d5eb3c75c6d84a382191f6.png

  • Dyellowflash

    I have filled my Dow shorts at 25580. Still suspicious that it will ramp up to sweep off the pre-markets shorts. Got to count on the zero now. Been mostly getting the trend wrong the past 2 days and yet still loses nothing tks to the zero.

  • HD

    GL D!

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

    Is the gap on may 23rd the last one on the upside?

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

    and TLT. a persistent run to safety? that’s inconceivable!

  • HD

    It might be. I don’t follow the cash gaps

  • HD

    first touch of fibo 28(34) = 10 handle hit. Any buyers?

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

    Nope. I’m stuck in Neutral.
    https://uploads.disquscdn.com/images/fd9bfec5866c8474b869d323df0b9d68dec4d9fd2266878c32ff9a55f032b4ee.png
    ‘it’s not just a gut call, it’s a chart call’

  • HD
  • Mark Shinnick

    Looks like some volume hole up into 2850.

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

    Jerome Powell, got up yesterday and blabbed away.

    “The Soviet Union developed a command economy, in which government officials made all basic economic decisions.”
    When did the Great America become Soviet Russia??

    https://content.openclass.com/eps/pearson-reader/api/item/61da69d1-62fb-4f39-b38c-756194446d00/1/file/9780328871865_hswh16split_se_na_pxe_oxy_pxe_basic/OPS/xhtml/filengss-02629d51-5e66-4f05-b07c-4f509fa8db51.xhtml

  • Ronebadger
  • Darkthirty

    What is 1913…

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

    Yeah, the same trick every time. Mkt drops 100 pts pre-market, then NYSE went to make a new high to sweep SLs. Not sure if it will reverse strongly now. That’s a 15 ES pts up ramp with no participation.

  • https://evilspeculator.com Sir Mole III

    The odds of continuation are steadily increasing. And if we push > 2900 you can stick a fork in it.

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

    What did you DO?

  • BKXtoZERO

    Just kidding Sir…

  • BKXtoZERO

    That is my “How I feel about my trade” entry in log book for my chances today

  • Darkthirty

    yeah, you’re being catfished……….

  • Darkthirty

    Need a bot signal….Shouldn’t the SEC be investigating this?

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

    Julie leaves for vacay, and FOSIL & Macy’s die.
    go figure!!

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

    edit: I guess those rich wemin’ stopped shopping retail.

  • BKXtoZERO

    actually that is a good point because TVIX seldom beats the index despite being leveraged.

  • Dyellowflash

    I am very bearish, so I closed out 40% of my shorts for 2Rs. Normally, I go for 3-5Rs. Closing 40% now at 2Rs, Dow 25570s so that I can set the rest to take profit automatically at 30Rs.

  • ridingwaves

    u need to look at future curve for that symbol, it has nothing to do with daily vix….right now it favors you….slight contango…
    https://cfe.cboe.com/cfe-products/vx-cboe-volatility-index-vix-futures

  • Dyellowflash

    I am keeping my eyes on the 5m and 15m chart. Any bullish big Green Candles will make me reduce positions / TP-ish.

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

    kill box!

  • HD

    Everything over 2900 has been sold very hard imo.

  • HD

    Look left!

  • HD

    That rally last fall was $106. How big is this rally?

  • BKXtoZERO

    I usually am looking right at ES day to day levels, but thanks, I should indeed look into that.

  • Dyellowflash
  • Mark Shinnick

    Do you have a statistical model for this?

  • Mark Shinnick

    I love a good fight πŸ™‚

  • Dyellowflash

    One of my students did a research paper on Arabian Coffee. Its price on 10 yrs cycle fluctuate no more than 50%. I.e. it wont stay long below a 50% price drop. To illustrate, it dropped 50% from 250 in 2014 to 127 in 2016, that’s a 50% price drop. Then it recovered to 211. From 211 in 2017, it dropped 50% to last mth 100, hence looking at either a possible retracement up to 150 or a full reversal bcos it bottomed all 6 major times in the last 30 years at 100-120.

  • Julie 35 – 25 – 36

    Taking a break USO must get above 10.94 as pointed out yesterday. SPX inching it’s way up to 50% retrace. Julie has a short on EXAS that I am watching for her and stopped dead today at an upper trend line. SPX (SPY) volume is suspect I will shpw SPX our bollinger band chart where 34 and 55 intersect at 2865 SPX approaching short term overbought

    I was able to open a disqus account with an avatar I logged off that evening and since have not been able to log in I have used different browsers with the same result ? ? /
    Cyd https://uploads.disquscdn.com/images/ee2a6e70f4885affac191251a058d5b94a9f2b6fd88756fd21df4b9d62e94b66.png

  • Dyellowflash

    Imo, 25610s is a good place here to short will a tight stop. Not that it will surely be right, but probably a 25 pts SL is more than enough to know if u r wrong.

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

    Different browsers is a good idea. Deleting all cookies might help too.

  • Julie 35 – 25 – 36

    An IT specialist at work attempting to fix the problem in a test opened an account , logged off and not able to log on also
    Cyd

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

    Been done already Not Jessica Tarlov Another picture with my team For all your disputed water right claims contact me Center on right https://uploads.disquscdn.com/images/99e1b5947975b029df64a2596154190af236ee3268709d180b1722ad77a01e92.png
    Cyd

  • Ronebadger

    Firefox does well for me. Re-starting computer fixes a world of woes. (Assume you’ve done that?)

  • Mark Shinnick

    Recall when the 10 year window?

  • https://evilspeculator.com Sir Mole III

    She’s gone starting today? You better pick up the slack, little mister!

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

    wow, we have so much in common!
    https://www.lawforseniors.org/how-government-works/252-water-rights-in-arizona
    people use to shoot each other for water in AZ.

  • Julie 35 – 25 – 36

    We handle claims primarily in Western states and AZ is problematic.NV a close second.MT rarely
    Cyd

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

    SPY Volume kinda low today

  • https://evilspeculator.com Sir Mole III

    Emini on remote control – flat signal all day – bots are in charge. I would not consider short positions here – have seen this too many times.

  • zzezzezz

    Cyd is hotter πŸ˜‰

  • https://evilspeculator.com Sir Mole III

    See below vvvvvv

  • zzezzezz

    Yes sir. I’ll be looking at /ES 2860-2877 for my next short nibble.

  • Julie 35 – 25 – 36

    Purchased FRC a bank with a high level of short interest retracing 50% and holding it’s 5 ema this a.m Price 97.95 A small position and will add going above a down trend line and hourly upper cloud boundary Target 100 stop Stop 97.49 seven pennies below today’s low 97.56
    Cyd

  • Julie 35 – 25 – 36

    I replied to Mole yesterday that volume has not confirmed breath
    Cyd

  • HD

    I don’t think I’ve ever seen you take a short ES?

  • HD

    The roll is coming!

  • https://evilspeculator.com Sir Mole III

    Oh come – plenty of times! How long have you been coming here?

  • HD

    A few years now. I know you have I just can’t recall a campaign or blog about it.

  • Julie 35 – 25 – 36

    Lunch time FYI SPX right at it’s 55 ema and lower cloud boundary Expecting a pullback
    Cyd https://uploads.disquscdn.com/images/51a1df760206c8bed3457f2cce6e718bef7d790748970b4aea2a2cda0bfdc579.png

  • BKXtoZERO

    They are rare indeed. The world ending kind of days I log on and see mole long…. But it has worked for him for years and has been the primary trend for years.

  • BobbyLow

    Ah Ha! After all my work testing my new trading plan and having a great start to live trading it, ole Ms. Market said “wait a minute , I’m now going to throw some extra volatility on faster time frames to really mess up where you place your stops”. And boy did she. I said WTF? The last couple of days have been a challenge re-working things to try to offset some of Ms. Market’s trickery. I dusted off my old standby ATR of which volatility is a component and I think I’ve been able to counter Ms. Market a little. We’ll see what happens but I would have eliminated a lot of BS during my last few trades if I had been using ATR in my stops.

    Entries are easy but trade management not so much. πŸ™‚

  • BobbyLow

    /CL catching a bid. Might be nothing but it’s been beat to death . . .

  • Julie 35 – 25 – 36

    SPY volume declining and on fumes Going to choke I have SPY VWAP @ 283.29
    Cyd https://uploads.disquscdn.com/images/a288ac517f67b0d671bf02016e69a420e0fb817e42d6c4108ad9054f2360e144.png

  • BKXtoZERO

    I am in….

  • Julie 35 – 25 – 36

    USO as pointed out 10.94 an important level to close above Now 10.95 on hourly and will see how candle prints
    Cyd

  • HD

    HWB trading!

  • BobbyLow

    Me too. I bought a little OILU yesterday. Man, a little bit of OILU goes a long way. /CL trading at 52.85 is up $1.40 and OILU trading at 17.41 is up $1.11

  • Julie 35 – 25 – 36

    You can see the final hour of trading the bulls have made a move.Let’s see the final hour today for a clue
    Cyd

  • HD

    If u bot the 10 handle dip this am you had 20 handles of opportunity. Jmho. I’m a seller.

  • BobbyLow

    Yep. Futures just got juiced. Let’s see if they can stay juiced into the close.

  • BobbyLow

    Go Seabiscuit! πŸ™‚

  • Julie 35 – 25 – 36

    Watching 2845.24 as an important level Yesterday SPX cash was Level 2826.65 almost where it closed
    Cyd

  • nirav777

    better yet why make donations when we been in a 9 year bull trend

  • BKXtoZERO

    Sold CL long via UWT 10.28 to 11.52. Quick 11%. Off to the buffet!!

  • Julie 35 – 25 – 36

    Julie was right .BK slides in slides out I like it
    Cyd

  • Darkthirty
  • HD

    Im sure there’s a heavy metal song called β€˜Dead but rising’

  • Darkthirty
  • BKXtoZERO

    Not in it for love, just the money…. Wham Bam. I am just a Gigo!o
    https://www.youtube.com/watch?v=Kkrb4h4weW4

  • Julie 35 – 25 – 36

    Lunch over trade wisely
    Cyd

  • Darkthirty

    It’s all fluff. Almost shorted the close yesterday, got denied….again. I’ve been out since Monday 2:30

  • BobbyLow

    I’m trading a 15 Minute chart on futures and I usually don’t hold for more than a few hours or better put if my trade is a few hours long it’s usually a good one because I didn’t get whacked right away. I can also be long get stopped and flip to a short in the same day. My Oil trade of OILU is more of a swing trade which is on a longer time frame and a 3 Hour /CL Chart that is currently violated but I jumped the gun with a small long position.

    Back to equity indices, over the past couple of days the equity market has had good reason to continue to tank and it didn’t so that might be a tell all by itself.

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

    wait…Van Halen was a redo?

  • HD

    This is a big enough level for me to try. Gonna give it 45 minutes.

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

    Have not bought USO yet as I want a positive close above 5 ema @ 11.14 I would like to see more volume with this bounce https://uploads.disquscdn.com/images/4a80f1c82d67b7483cb450de51ed40d39bff208e51aa76bd2e3b64c01ffd8111.png
    Cyd

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

    tell me a secret. who did ema 5 first? you or Jewels?

  • BobbyLow

    Totally agree. I stopped using it for awhile because I thought it restricted me too much and come to find out my trailing stop was there more to protect than restrict. IMO

  • Julie 35 – 25 – 36

    Jewels mate years ago
    Cyd

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

    With a really big bankroll, you could position in and position out with multiple trails. some day.

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

    so you have to share a first memory of Julie.

  • BobbyLow

    I think we all use different averages/indicators etc., and the market could care less about any of them. However these averages are important to us because we’ve seen them act a certain way enough times that it adds a degree of confidence to make a move. Without these things we might have to just guess or have some clown on CNBC tell us what to do. πŸ™‚

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

    Can you imagine following Gartman?!

  • BobbyLow

    OMG no! I took his advice on Fannie Mae Stock many years ago. He banged the table as a buy over and over again all the way down to a penny stock and gone. I managed to get out before it went under but not without some severe wounds. GG these guys really don’t know shit.

  • Julie 35 – 25 – 36

    Have a minute There has been pullbacks on the 10 min chart but not the hourly chart Expecting a pullback soon on hourly and we judge the momentum and volume on pullback
    Cyd

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

    I was suspicious in 2006.
    I was affirmed in 2007.
    I was certain in 2008.
    I was correct in 2009.
    πŸ˜‰

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

    Today’s overall move is putting my faith back in humanity again. LOL

    I might have to bring out the old “Whipsaw Song” song by Ed Seykota aka “One good trend pays for them all.”

  • Julie 35 – 25 – 36

    We met in the 2nd grade.In junior high we had a crush on the same boy. We flipped a coin and I won. After knowing the boy I wish Julie had won the coin toss. He was a real jerk
    Cyd

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

    greenshoots eh? Next time hedge!
    (GG ducks)

  • Mark Shinnick

    So,,,for time being…filling gaps and volume holes.

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

    Barely any movement in VIX

  • BobbyLow

    I’m so fricken happy that I was able to fix some problems with my Trading Plan. I’m having as they say in Boston “a wicked pissa day”. Pissa means good BTW. πŸ™‚

  • BKXtoZERO

    Out of tvix for another small ding. 22.25 to 21.85. Holding small amount again

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

    gamblers! the lot of you.
    πŸ˜‰

  • BobbyLow

    LOL. Helecopter Ben. He should have stayed working as a waiter at Pedro’s Truck Stop in South Carolina.

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

    Time Check

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

    The only thing good out of Boston is Dunkin Donuts.
    LOL.

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

    If you are a closet bear, and your preplanned stop didn’t hit.
    You may want to seek Professional Help

    https://www.youtube.com/watch?v=kMEz4cFMlZE

    I knew Slopers Rejoicing was a sign. LOL
    -GG

  • BobbyLow

    I grew up near the ocean about 70 Miles South of Boston. I wouldn’t want to live in Boston. The traffic and congestion is unreal.

    Dunkin Donuts is in most states now so that’s a good thing.

  • BobbyLow

    LOL – RIP

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

    that’s good. So you missed the whole ‘Big Dig’ fiasco.

    https://en.wikipedia.org/wiki/Big_Dig

  • Mark Shinnick

    If bear still good thesis, a bit more here opens good re-shorting window. For dow, its there already.

  • HD

    Grab some Red Bull I’m gonna babysit this thing.

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

    I would like some reparations as a US Taxpayer.
    maybe some free July 4 invites, or a week in Nantucket.

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

    sure.
    we could reverse right here, and head HWB to 2800.

  • BobbyLow

    Closed Long Dow Futures. Thank you Ms. Market. πŸ™‚

    I have to treat her with respect or she’ll slap me upside the head.

    Still Long Crude via OILU.

  • BobbyLow

    The Big Dig was unreal too and I don’t think it really helped that much. But I can’t really say for sure because i didn’t have to travel to/from and around the city that much even when I lived in MA. I haven’t lived up there for over 20 years.

  • Darkthirty

    If there was a tweet warning, at least you’d have even odds!

  • BKXtoZERO

    Yes! So was big bad bill is sweet William now. A few covers… You’re no good. Dancing in the streets. Pretty woman. If it doesn’t have dumb childish lyrics it is a cover.

  • Julie 35 – 25 – 36

    Break time. Currently the bookmakers have the DOW down tomorrow. https://uploads.disquscdn.com/images/7ece8338c26dc7a70b311763cd9ca7fe910ac2e71b16760f1567d8fb1ce4e5a5.png Subject to change
    Cyd

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

    ..for all those base jumper Bears who didn’t make it.
    *eyes* forward!!

    https://uploads.disquscdn.com/images/79996029f20a995273ac0dc5c541a10a79161c8f4787e9f43e51d0ca818a106d.png

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

    see Mark? there’s Hope!
    πŸ˜‰

  • https://evilspeculator.com Sir Mole III

    It’s going to be very tough for the bears to reverse this rally.

  • Julie 35 – 25 – 36

    A pullback to go long I saved the chart you posted last night TLT:TIP I like it kind sir Thank you
    Cyd

  • Darkthirty

    Looks like you caught that tweet?

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

    that’s it. I’m tapped out. nothing more to give.
    throw me away, I’m an empty can.
    πŸ˜‰

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

    ..at best? some cluster f*ck pennant pattern.

  • Julie 35 – 25 – 36

    Like a used c _ _ _ _ m !
    Cyd

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

    Cesium?

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

    Nevermind!!

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

    “It’s just a tweet away. Tweet away Tweet away” (the Rolling Stones)

  • HD

    Hold my beer

  • Julie 35 – 25 – 36

    A pullback then an advance with an IBD follow thru day which has not occurred An IBD follow thru day is a strong day +1.6% with volume exceeding the previous day That will put icing on the cake
    Cyd

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

    2850 not breached yet..
    DAX was a big underperformer…
    see what tomorrow brings..

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

    πŸ™‚

  • Julie 35 – 25 – 36

    Similar to last December – January A pullback then an advance Blue dotted vertical line was the follow thru day
    Cyd https://uploads.disquscdn.com/images/b03e081962660e249846f8860f245a4fe486118399bb9fd28eabbf892df0b384.png

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

    smart man.
    Reduce, Reuse, Recycle!

  • Julie 35 – 25 – 36

    Need the follow thru day which has not occurred See chart below as that is what is needed Until then bears still have the edge
    Cyd

  • BobbyLow

    Agreed.

    Anything can happen but like I said earlier, equities had all kinds of reasons to continue to drop and didn’t and this could be a tell all by itself.

  • zzezzezz

    This MFr ain’t done!

  • Ronebadger

    Cyd/Julie – Where does one find these “bookmakers” you guys reference. Is there an online page/site somewhere?

  • zzezzezz

    Guilty

  • Julie 35 – 25 – 36

    Please remember the bookmakers are correct 95% of the time . They had DOW up today and DAX down What happened DOW finished up and DAX closed lower. Currently they have DOW down for tomorrow. Also remember no follow thru day yet I know that you trade very short term just be on the correct side of the trend you are trading short term.Counter trend and attempting to get cute can hurt Be careful
    Cyd,

  • Ronebadger

    Cyd/Julie – Where does one find these “bookmakers” you guys reference. Is there an online page/site somewhere?

  • Julie 35 – 25 – 36

    Hello It’s live and very accurate. These bookies are better than Las Vegas

    http://www.ig.com/ukwelcome-page
    Cyd

  • Ronebadger

    Thanks, but I get this:

    404 Object not found!

    The requested URL was not found on this server.

    If you entered the URL manually please check your
    spelling and try again

  • Julie 35 – 25 – 36

    I will walk you thru it click home page then united kingdom then click markets to trade then click indices then you should get the live spread bets Post again if not able to see the betting
    Cyd

  • Julie 35 – 25 – 36

    Let me know either way Ronebadger
    Cyd

  • Ronebadger

    Got to it…but, those just look like live future prices
    How are bookmakers connected with this site…I don’t get it

  • Cyd

    Finally got through the captcha
    Cyd

  • Cyd

    It’s spread betting
    Cyd

  • Cyd

    Testing 1 2 3 4 Looks like all system go An IT specialist from work figured it out What a situation
    Cyd

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

    hate to bust your bubble.
    It was nearly nationwide – DISQUS failure. I’ve been locked out for a while.

    https://uploads.disquscdn.com/images/63eadac441cb234485799c0d1f06728a51cd3af725f77df7a87b33c63421acd1.png

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

    There is a red flag A discrepancy exists between GVIP an ETF for the hedge fund industry and SPX. GVIP has not cleared it’s 21 and 55 ema’s while SPX has. Please note
    Cyd https://uploads.disquscdn.com/images/9805bc5903208ad5ca6cdabbb9ebca8d97058b95173f3e4d16e8f42434bd0d47.png https://uploads.disquscdn.com/images/ee7233075e1e7edd945e4e72e3a53ba28b4e98ba160946e8f7cd3d519a4e39d7.png

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

    don’t forget oil.
    not even a dead cat bounce if you ask ME.

    https://stockcharts.com/h-sc/ui?s=%24WTIC&p=D&yr=0&mn=6&dy=0&id=p53471319292

  • zzezzezz

    Short /ZC @ 418.75
    Tight stop

  • Cyd

    USO A strong candle today with stronger volume too. The 5 ema has been a problem and waiting for strong close above it

    Cyd

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

    strong candle, sure. let’s see that follow-thru.

    then maybe shale will follow
    https://stockcharts.com/h-sc/ui?s=PSCE&p=D&yr=0&mn=6&dy=0&id=p40983380249

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

    Cornholio, you’re trading Corn?

  • Cyd

    You have nice charts. Julie said that you occasionally come through No she respects and saves many of your charts. I have seen them too .You do an excellent job.Mole’s charts you can save too . On ratio charts you can draw trend lines and resistance and support levels.His ratio charts came down to a support and the rally occurred.
    Cyd

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

    I got the 404 too.

    https://www.ig.com/uk

    scroll down.

  • BKXtoZERO

    I AM CornHolio !!!!!!!

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

    good evening.
    Maybe Corn is calling your name? time to shelf TVIX?

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

    I was looking for a right shoulder.
    this is ridiculous. maybe wait for that last candle to paint.

    https://uploads.disquscdn.com/images/4644e1e23db56b81f54f312f12b68598f137f36ec556e40f2d5b3ed3940f03e2.png

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

    I fear too many will be saved. and expose me as a Con.
    but hey, If Gartman came this far… LOL.

  • Cyd

    Julie traded cotton nicely to the 21 ema SLV looking for a pullback to 13.71 Today a gap up that was sold into on the open and it’s high was less than yesterday. Yesterday was distribution
    Cyd

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

    enuf of Julie!
    what are *you* trading.
    πŸ˜‰

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

    if Silver can get above $15, I’ll change my tune.

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

    Long a small position a bank with relatively high short interest FRC and waiting for an IBD follow thru day to go long SPY There should be a pullback soon then an advance with the follow thru day. I posted below a chart with details of what should happen for a successful rally to begin
    Cyd

  • Cyd

    The target for the falling wedge on a breakout is aboutv15.30 where you have an envelope The RSI is nice going above 50 and SLV the volume on the bounce was encouraging. Needs a rest to digest the gain. The rest can be an easy pullback on light volume or a consolidation. Either way it will work off the short term overbought condition
    Cyd

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

    pullback to RSI 51 would be nice.
    3 months down could equal 3 months UP.
    (think inflationary play)

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

    you might want to shy away from Platinum charts & Julie.
    she said we’d get rich last Summer.
    πŸ˜‰

  • Cyd

    They call it wave wanking on the blog.Wave 1’s retrace between 23.6 to 38.2% of the preceding decline and that has occurred with SLV from it’s high of 15.21 An expected pullback to 13.71 then a nice advance should happen. We will watch and catch it. GOLD has bounced nicely too. You can bring up a longer chart of GLD:$SPX and when GLD outperforms SPX it really takes off. I saw a chart earlier tonight on IBD website showing the relationship. The chart showed GLD turning the corner per SPX . A bull market in GLD and SLV is a real possibility
    Cyd

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

    She bought a speculative platinum miner. It was a low priced stock over the counter. She held it and then it did a near moon shot and she got out I do not recall it’s name something in Russia. I remember she did a lot of homework on it and platinum at the time

    Cyd

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

    oh that’s right. I remember now.

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

    There is a guy that lives in Spokane that writes about the cryptos. His name is Keene Little and he is a CMT and nails the cryptos.Julie and her husband know him and he told them of the decline and the recent explosion in bit coin.Jewels is hesitant to invest in something that she does not understand. Myself I am willing to attempt it
    Cyd

  • Cyd

    Almost 11 pm and time for sleep. Yes Sleep

    Cyd

  • BKXtoZERO

    oh, I never give up that easily, I can see other patterns as possible. Basically right after everyone assumes that all is well and on an upward path. An obvious level is breached but there are always other patterns that can exist.

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

    spread betting – form of gambling in the UK on financial instruments, quite sophisticated..
    In the UK you can bet on almost anything –
    any gains are tax free – any losses are – LOSSES – no offsetting against tax..

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

    European trading slow grind up continues – guess waiting for the next “news” – market is running in tweets /Fed and later today the “JOBS report” –
    https://uploads.disquscdn.com/images/f4b64fbb5309d9ba907bb9650c060b650a2a1f5a2949df1d17cdf50afc2e8154.png

  • zzezzezz

    I’ll trade anything that moves, sir! πŸ™‚

  • Mark Shinnick

    Yes, change in the right influence is very hopeful πŸ™‚