back in the grind with added regulations, been nutty. Still look at the candles, i'm an addict
SPY
6 mth daily 8 ema
evening star pattern, lost its 8 ema on high volume. Suggestive of more selling pressure . For 10 days sideways action , in a box. top of the box 314.50 . bottom of the box 296.74. Can't lose the bottom of the box, if it does possible gap fill at 286. The bottom of the box has big support areas in the 50 sma and 200 sma are near there ; algos , portfolio managers, traders..all eyes on the 200 sma (298.53). A test of it, hold AND with a bullish candle wuold be super super super inviting...a remarkably resilient market ......let's see what tomorrow brings
crazy day. tlss was down all day but caught some momentum in the last hour and closed green. ozsc started with another gap up and quickly went red unlike the past 3 previous days. ozsc did have a nice little run to only clise down 10%. Friday and Monday are huge days for both. Ozsc merger finalizes in the morning, their new website launches at market open, and there pr firm starts monday (hoping for a winning contract announcement). $tlss releases earnings monday, people will need to get in prior to what is expected to be 40%+ revenue growth.
on a side note, i hope someone made money on cydy been talking them up since the $2.70s and its over $6 now. i made very little selling my shares to free up money for ozsc and tlss.
on a side note, i hope someone made money on cydy been talking them up since the $2.70s and its over $6 now. i made very little selling my shares to free up money for ozsc and tlss.
2nd qtr is all done, and some twilight zone numbers;
GDP: -40%
Fed Balance sheet: +70%
SPY: +20%
i think Mr Powell deserves a standing ovation.....@)
ISM data out soon, a biggie
definitely taking more profits this week...I expect a drop this quarter leading up to the elections...where the the s will htf.
I know we in a bubble but I think this bubble is about to get a whole lot bigger .
I was all for the first shutdown . It did it’s thing.
But I think the market has priced in a situation that is not nearly as dire as the reality .
How much longer can the media keep up the doom and gloom when the deaths are tumbling at an alarming rate?
You can’t help but realize there are a lot of politics going on with the situation .
For whatever reason people want us to be scared .
Im not going to get into the why of that but it’s blatantly obvious .
When all you report on is cases and don’t even make a mention of the death rate that is intentional .
That should at least be mentioned but we hear nothing of it .
We are down to a little more the. 500 deaths today.
This is well past the 2 week mark when this “2nd wave” started .
I don’t know how much longer they can keep the doom and gloom going when these death rates continue to plummet .
Im I the only one who actually reads the death rates and the recovery rates?
seems like all anyone wants to talk about is the infection rate .
Who gives a shit how many people get infected if they don’t die
I was all for the first shutdown . It did it’s thing.
But I think the market has priced in a situation that is not nearly as dire as the reality .
How much longer can the media keep up the doom and gloom when the deaths are tumbling at an alarming rate?
You can’t help but realize there are a lot of politics going on with the situation .
For whatever reason people want us to be scared .
Im not going to get into the why of that but it’s blatantly obvious .
When all you report on is cases and don’t even make a mention of the death rate that is intentional .
That should at least be mentioned but we hear nothing of it .
We are down to a little more the. 500 deaths today.
This is well past the 2 week mark when this “2nd wave” started .
I don’t know how much longer they can keep the doom and gloom going when these death rates continue to plummet .
Im I the only one who actually reads the death rates and the recovery rates?
seems like all anyone wants to talk about is the infection rate .
Who gives a shit how many people get infected if they don’t die
back in the grind with added regulations, been nutty. Still look at the candles, i'm an addict
SPY
6 mth daily 8 ema
evening star pattern, lost its 8 ema on high volume. Suggestive of more selling pressure . For 10 days sideways action , in a box. top of the box 314.50 . bottom of the box 296.74. Can't lose the bottom of the box, if it does possible gap fill at 286. The bottom of the box has big support areas in the 50 sma and 200 sma are near there ; algos , portfolio managers, traders..all eyes on the 200 sma (298.53). A test of it, hold AND with a bullish candle wuold be super super super inviting...a remarkably resilient market ......let's see what tomorrow brings
wonderful bullish harami from the bottom of the box, WITH a bounce off its 200 sma 4 days ago(see chart)
......now ? she's at the top of the box. A break above is bullish.Late selling, red candle as folks taken profits home. How can y not love the candles? ISM data was very good, back above 50!! two straight monthly upticks on it,....jobs number today was good.
a steady slow grind lower for the USD, which is good for the markets, EEM, precious metals. A chart to keep an eye, strength in the USD is a red flag for the aforementioned. Correlation is not always 100% , of course
UUP
6 mth daily, 8 ema
doji...crossroads...lol
UUP
2 yr weekly
taken a beating since the Fed full throttle printing presses, BUT, we maybe seeing a change, consolidation...last week hammer pattern, and this week a clear, crytal clear much higher low......is it time for the USD to fight back?
UUP
6 mth daily, 8 ema
doji...crossroads...lol
UUP
2 yr weekly
taken a beating since the Fed full throttle printing presses, BUT, we maybe seeing a change, consolidation...last week hammer pattern, and this week a clear, crytal clear much higher low......is it time for the USD to fight back?
the USD is on a cliff folks, see chart #1149. Loses the cliff and equities con continue this glorious run, metals likely to run violently, esp slv
SPY
6 mth daily
riding the 8 ema, with a bullish candle on a Friday no less. Laggards broke out Friday and the qqq's rallied midday. The qqq's r showing exhaustion, very extended from its 20 sma and a sharp accent, caution
XLF (financials)
6 mth daily
bullish engulfing pattern , on high volume reclaiming the 8 ema
in addition, the dark pools were busy with XLF with two MASSIVE prints on Friday;
1.1 million shares went off at $22.88 (that 's a cool $22,880,000....)
1 mill shares went off at $22.94 ( $22,940,000)
ya dont want to be on the wrong side of these prints..
and lastly, Dr Lanquel is likely a happy camper, he called Telsa awhile ago , kudos (<)<.....
TSLA
6 mth daily
whoa..........the charts says it all .
SPY
6 mth daily
riding the 8 ema, with a bullish candle on a Friday no less. Laggards broke out Friday and the qqq's rallied midday. The qqq's r showing exhaustion, very extended from its 20 sma and a sharp accent, caution
XLF (financials)
6 mth daily
bullish engulfing pattern , on high volume reclaiming the 8 ema
in addition, the dark pools were busy with XLF with two MASSIVE prints on Friday;
1.1 million shares went off at $22.88 (that 's a cool $22,880,000....)
1 mill shares went off at $22.94 ( $22,940,000)
ya dont want to be on the wrong side of these prints..
and lastly, Dr Lanquel is likely a happy camper, he called Telsa awhile ago , kudos (<)<.....
TSLA
6 mth daily
whoa..........the charts says it all .
If you're in for a long haul you can't go wrong with SP-5 (FB/AAPL/AMZN/MSFT/GOOGL). They're in minting $ businesses, their products/services are no longer a luxury but a necessity. Adding WDAY/NOW/CTSH/QRVO/SQ/INTU/WK...to the mix you have a solid growth group. Don't be worrying too much about daily pricing fluctuation. Tech/growth stocks will outperform everyone else going forward.
