interesting yr on the markets. 2017 was an outlier. DID NOT have a 5% correction, let alone a 10% one!! Just buy and hold, lol. Swing traders/covered call sellers had a hard time beating the market , certainly the latter . BUT, volatility is back and swing traders should be comfortably beating the SPY. And for covered call sellers premiums r back
anyway, a few interesting charts;
metal are breaking down
SLV
1 yr daily
YIKES!!!!! broke the trading channel
little fight to hold critical $15.25. $14.75 is MASSIVE, must hold. The metals follow tech. analysis quite well. There are two gaps that will be targets to fill once we reverse ; biiiiiiig one at $15.90ish. Oversold and getting stupid stretched from the 20 SMA.............
SPY
up a whopping 1.14% ,lol
6 month daily
big close, re-claimed the 50 SMA, barely, vol suspect given its a holiday week. A gap right ahead of her , has to hold 268. Stop loss material there
anyway, a few interesting charts;
metal are breaking down
SLV
1 yr daily
YIKES!!!!! broke the trading channel
little fight to hold critical $15.25. $14.75 is MASSIVE, must hold. The metals follow tech. analysis quite well. There are two gaps that will be targets to fill once we reverse ; biiiiiiig one at $15.90ish. Oversold and getting stupid stretched from the 20 SMA.............
SPY
up a whopping 1.14% ,lol
6 month daily
big close, re-claimed the 50 SMA, barely, vol suspect given its a holiday week. A gap right ahead of her , has to hold 268. Stop loss material there
yeah no doubt, here's the chart
GLD
1 yr daily
wow. can't you just hear the gold bugs all over the world ; ' THEY are suppressing Gold'
given Friday's candlestick, no fuckin way can be a buyer at the end of the day, probability not on your side, but voila..a gap up. $118 was broken, desperately tryin to reclaim...when she couldnt hold $124 it was done, broke the channel . Gaps all over the fuckin place when she swings up
ytd numbers, half the year done;
SPY- +1.45%
EFA (international developed ) - -5.61%
EEM (emerging markets) - -10.30%
GLD (gold)- -5.24%
popcorn-eatinggif
GLD
1 yr daily
wow. can't you just hear the gold bugs all over the world ; ' THEY are suppressing Gold'
given Friday's candlestick, no fuckin way can be a buyer at the end of the day, probability not on your side, but voila..a gap up. $118 was broken, desperately tryin to reclaim...when she couldnt hold $124 it was done, broke the channel . Gaps all over the fuckin place when she swings up
ytd numbers, half the year done;
SPY- +1.45%
EFA (international developed ) - -5.61%
EEM (emerging markets) - -10.30%
GLD (gold)- -5.24%
popcorn-eatinggif
Jan 1 2018, someone asks you, which asset class would be the mid-year winner, by a LANDSLIDE?......the markets floundering, barely in the black.........and the winner is.............
USO
year-to-date daily ;
up a whopping 22%, wow
if she can't hold $14.75 then that gap magnet at $14.25 shall be put to the test
Donald J. TrumpVerified account @realDonaldTrump<small class="time" style="font-size: 14px; color: rgb(101, 119, 134); margin-right: 5px; white-space: nowrap;"> Jul 4</small><button class="ProfileTweet-actionButton u-textUserColorHover dropdown-toggle js-dropdown-toggle" type="button" style="color: rgb(101, 119, 134); font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: 16px; line-height: 1; font-family: inherit; margin: 0px; overflow: visible; cursor: pointer; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; border-width: 0px; border-style: initial; border-color: initial; padding: 2px 9px; transition: box-shadow 0.15s ease-in-out; position: relative;">More
</button>
The OPEC Monopoly must remember that gas prices are up & they are doing little to help. If anything, they are driving prices higher as the United States defends many of their members for very little $’s. This must be a two way street. REDUCE PRICING NOW!
LMFAO, spoken like a true capitalist.
Iran having a little fun;
“Your tweets have driven the prices up by at least US$10 per barrel,” Iran’s OPEC governor Hossein Kazempour Ardebili said in a message to Trump, carried by Iranian Oil Ministry’s Shana news service. “Pls stop it, otherwise it will go even higher!”
“OPEC has not defined oil prices for the past 30 years,” Kazempour said. “You impose sanctions on major producers, founders of OPEC, and yet you are asking them to reduce the prices?! Since when did you start ordering OPEC!”
:nohead:
sometimes , ya just gotta pinch yourself..........
USO
year-to-date daily ;
up a whopping 22%, wow
if she can't hold $14.75 then that gap magnet at $14.25 shall be put to the test
Donald J. TrumpVerified account @realDonaldTrump<small class="time" style="font-size: 14px; color: rgb(101, 119, 134); margin-right: 5px; white-space: nowrap;"> Jul 4</small><button class="ProfileTweet-actionButton u-textUserColorHover dropdown-toggle js-dropdown-toggle" type="button" style="color: rgb(101, 119, 134); font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: 16px; line-height: 1; font-family: inherit; margin: 0px; overflow: visible; cursor: pointer; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; border-width: 0px; border-style: initial; border-color: initial; padding: 2px 9px; transition: box-shadow 0.15s ease-in-out; position: relative;">More
</button>
The OPEC Monopoly must remember that gas prices are up & they are doing little to help. If anything, they are driving prices higher as the United States defends many of their members for very little $’s. This must be a two way street. REDUCE PRICING NOW!
LMFAO, spoken like a true capitalist.
Iran having a little fun;
“Your tweets have driven the prices up by at least US$10 per barrel,” Iran’s OPEC governor Hossein Kazempour Ardebili said in a message to Trump, carried by Iranian Oil Ministry’s Shana news service. “Pls stop it, otherwise it will go even higher!”
“OPEC has not defined oil prices for the past 30 years,” Kazempour said. “You impose sanctions on major producers, founders of OPEC, and yet you are asking them to reduce the prices?! Since when did you start ordering OPEC!”
:nohead:
sometimes , ya just gotta pinch yourself..........
Jan 1 2018, someone asks you, which asset class would be the mid-year winner, by a LANDSLIDE?......the markets floundering, barely in the black.........and the winner is.............
USO
year-to-date daily ;
up a whopping 22%, wow
if she can't hold $14.75 then that gap magnet at $14.25 shall be put to the test
Donald J. TrumpVerified account @realDonaldTrump<small class="time" style="font-size: 14px; color: rgb(101, 119, 134); margin-right: 5px; white-space: nowrap;"> Jul 4</small><button class="ProfileTweet-actionButton u-textUserColorHover dropdown-toggle js-dropdown-toggle" type="button" style="color: rgb(101, 119, 134); font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: 16px; line-height: 1; font-family: inherit; margin: 0px; overflow: visible; cursor: pointer; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; border-width: 0px; border-style: initial; border-color: initial; padding: 2px 9px; transition: box-shadow 0.15s ease-in-out; position: relative;">More
</button>
The OPEC Monopoly must remember that gas prices are up & they are doing little to help. If anything, they are driving prices higher as the United States defends many of their members for very little $’s. This must be a two way street. REDUCE PRICING NOW!
LMFAO, spoken like a true capitalist.
Iran having a little fun;
“Your tweets have driven the prices up by at least US$10 per barrel,” Iran’s OPEC governor Hossein Kazempour Ardebili said in a message to Trump, carried by Iranian Oil Ministry’s Shana news service. “Pls stop it, otherwise it will go even higher!”
“OPEC has not defined oil prices for the past 30 years,” Kazempour said. “You impose sanctions on major producers, founders of OPEC, and yet you are asking them to reduce the prices?! Since when did you start ordering OPEC!”
:nohead:
sometimes , ya just gotta pinch yourself..........
Yeah.. surprising to see oil leading the way here
one last one
qqq
3 month daily
BEAUTY candlestick today- bounced , violently, off the 50 DMA ( and a strong 170 support level) and formed a bullish engulfing pattern. Strong probability she fills the gap just ahead of her
gap fill on the qqq..
.....often reverses once a gap is filled. Today's close, candlestick anatomy and volume likely tellingyou could be right, just as long it doesnt do it on Monday, lol
'...........often reverses once a gap is filled. Today's close, candlestick anatomy and volume likely telling'
exited 1/4 of position (hqu) as my sell limit order was filled (upper end of the gap). But given today's candlestick (3:45pm ish) did not sell the rest, no way; flew through the gap, strong close, highER vol. . Lives to see Monday. Could very well test the 52 week high. Out early next week.
'...........often reverses once a gap is filled. Today's close, candlestick anatomy and volume likely telling'
exited 1/4 of position (hqu) as my sell limit order was filled (upper end of the gap). But given today's candlestick (3:45pm ish) did not sell the rest, no way; flew through the gap, strong close, highER vol. . Lives to see Monday. Could very well test the 52 week high. Out early next week.
and she indeed tested the 52 week high...end of today's candlesticks? not good especially on the Russel
qqq
3 month daily
monday a higher high and higher low and a green candle (friday's candlestick had predictive value) with declining vol...today a doji; an indecision candle. At the crossroads or as the Japanese would say 'take heed'.
so
-declining volume, a doji at a top ,and at a resistance level-- anyone holding (swing trading) or buying with this scenario does not have probability on his/her side. A break thru the resistance on higher vol ? join the party....on the sidelines
RUT
3 month daily
similarly, nearly formed a bearish engulfing pattern
.......
recon you may have nailed it.....tomorrow should be fun
qqq
3 month daily
monday a higher high and higher low and a green candle (friday's candlestick had predictive value) with declining vol...today a doji; an indecision candle. At the crossroads or as the Japanese would say 'take heed'.
so
-declining volume, a doji at a top ,and at a resistance level-- anyone holding (swing trading) or buying with this scenario does not have probability on his/her side. A break thru the resistance on higher vol ? join the party....on the sidelines
RUT
3 month daily
similarly, nearly formed a bearish engulfing pattern
.......
recon you may have nailed it.....tomorrow should be fun
