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Post by theMist on Dec 21, 2018 7:34:56 GMT -5
Jim's video
We closed under 2500 today and that has solidified the idea that we have likely seen the top of this bull run. This video looks at
the pattern that developed over the last year or so and the implications going forward. Remember, if this top IS in, there will be
rallies and if we become convinced that we are now in a bear market, those rallies should be sold, meaning lightening up on long
positions at those opportunities or, if you are aggressive, taking short positions. The short term looks like we could be setting up
for such a rally, but nothing is certain until it actually happens... so stay tuned.
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Post by walnut on Dec 21, 2018 8:53:41 GMT -5
It takes a lot to convince Jim that the bull is over.
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Post by theMist on Dec 21, 2018 9:05:32 GMT -5
It takes a lot to convince Jim that the bull is over. lol Might be a HUGE contrarian indicator lmao |
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Post by clinton on Dec 21, 2018 10:10:52 GMT -5
From:
"Mike Swanson" <tradermike@wallstreetwindow.com>
In The Sloppy Stock Market This Chart Shows Real Buying – Mike Swanson (12/21/2018)
As you know the stock market dumped after the Fed meeting and fell again the day after. However, the VIX touched the 30 point level yesterday and then came down to close below it to show some fear in the market.
We can get a bounce attempt heading into Christmas and even New Years and people are now looking for stock pick diamonds to play it.
I don’t think though that the real bottom will come until the VIX closes above 30 and people get really scared with big selling.
But Thursday’s tap-touch of 30 can bring some buyers in. Every time the market opens down people do try to buy and everyone on CNBC is calling bottoms and coming rallies. So far the bulls have failed to make a bottom, but hopefully today they will at least get in a positive close and if they do we will see follow through next week.
What is more important is what is now going up for real.
And as I said with David Skarica on Tuesday before the Fed meeting it is gold that is going up for real. Gold closed yesterday above its 200-day moving average and has been outperforming the stock market now since Labor Day while the “FANGS” and other fad stocks continue to trend below these long-term indicators.
Look at the gold chart.
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Post by theMist on Dec 21, 2018 10:12:10 GMT -5
Jerome Powell sent out a Dove after he f*@ked the markets lol
NY Fed President Williams speaking on CNBC
Totally Dovish talk
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Post by theMist on Dec 21, 2018 10:17:47 GMT -5
S&P Hourly ChartThis snapback can get all the way back to SP2529ish (blue line) I mentioned it yesterday  windows screen capture
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Post by clinton on Dec 21, 2018 10:28:49 GMT -5
damn couldnt get XLF put buy to fill. dropping now
o well
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Post by clinton on Dec 21, 2018 10:30:06 GMT -5
Jerome Powell sent out a Dove after he f*@ked the markets lol NY Fed President Williams speaking on CNBC Totally Dovish talk I agree with this guy SunAndStormDec 21st, 10:14 am $SPY If the market things #Fed's #Williams is saying anything more dovish, think again! Same line as #Powell. Thinks things are great! |
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Post by clinton on Dec 21, 2018 10:31:29 GMT -5
williams said we are going to have the longest expansion in the history of the economy
haha
everything is fine
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Post by clinton on Dec 21, 2018 10:40:14 GMT -5
XLF is just getting sold steady
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Post by theMist on Dec 21, 2018 10:41:53 GMT -5
S&P stopped at yesterday's HOD so far
Didn't pull trigger on shorting UPRO
and covered my tvix short earlier
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Post by clinton on Dec 21, 2018 11:57:48 GMT -5
added a week to my GE puts for .03 what a bargain
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Post by theMist on Dec 21, 2018 13:19:29 GMT -5
That pop today to SP2504ish is a large bear flag riding at half mast
Even backtested
Measures low SP 2300s
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Post by clinton on Dec 21, 2018 15:54:35 GMT -5
sold all puts
100% cash going into the weekend
+43% for the day
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Post by clinton on Dec 24, 2018 2:03:04 GMT -5
Market open 1/2 day monday?
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