Thread: Bear Cave 2 (Bull Allowed)

Originally Posted by Bullitt

Once you get to the point where you're making a Roth conversion to avoid RMD's, you're ahead of the game. Sounds like you prepared and put yourself in a good position.

When the time comes (well down the road), I plan on doing the Roth conversion mainly for the simple reason of account consolidation but also because the TSP website is so far behind the times.

I’m trying to convert all funds while the tax rates are very low. The price we will all pay down the road for all this money printing will be higher taxes. The biggest benefit is doubling or tripling your money, and you don’t have to pay any taxes on those funds. Then when you want to take out a 150k out of your retirement account to buy a new RV no taxes. Also, it’s very easy to pass on to your kids.

Have a nice weekend.

Insider data:

https://twitter.com/xtrends/status/1...431488/photo/1

A good site to track this type of data. I use it for some stocks I trade.

J3SG - Home

Weekly data: You will need to sign up to get some reports. (email only and a password) but it's free. I use it to keep track of when insiders are selling or buying stocks I'm tracking.

Below lists all Insider selling transactions for the previous week. These Form 4 transactions were taken from filings filed with the SEC


J3SG - Activity Summaries

Gold (GLD) will probably move back closer to the mean.... Around $33.00ish for GDX

GLD could still BT the 200 dma or maybe lower in December..... It has a pattern of bottoming in December, and much closer to its mean.

https://stockcharts.com/h-sc/ui?s=GL...97&a=818443569

https://stockcharts.com/h-sc/ui?s=GL...03&a=824490306

https://stockcharts.com/h-sc/ui?s=GL...45&a=815473882

Worth a read in my opinion if you trade gold. For investors - Just keep stacking. I just trade the miners, and I'm not an investor for gold. However, the miners follow the metals so that's why I track gold.

Relativity Trading

Adam Hamilton October 16, 2009 3033 Words


The ultimate key to success in all trading, both long-term investment and short-term speculation, is simple. Buy low, sell high. Excel in this, and trading the financial markets will eventually make you wealthy. But implementing this well-known proverb into your own trading certainly isn’t easy. As always, the devil is in the details.

To paraphrase Pontius Pilate’s famous rhetorical question to Jesus, what is low? What is high? In order to buy low and sell high, traders must gain insights into how to define these conditions in real-time. Without building this crucial skill set, everything else a trader achieves including emotional mastery will be for naught

While low and high are quantified in terms of prices, context is necessary to define them. A price considered in isolation is useless, but a price considered in context offers much insight. If I tell you I bought something today for $50, you have no idea whether I got a good deal at a low price or got robbed at a high price. What if my $50 bought me a new Nintendo Wii console? What if it bought me a hamburger?

Relativity Trading

321gold: Adam Hamilton archives

WEEKEND GOLD FORECAST NOVEMBER 15, 2020

1980 DOW CORRELATION



DOW 1980 PRICE ACTION: Surrounding the 1980 election, we had similar price swings and volatility. Incredibly, the broadening wedge pattern in 1980 appears to be repeating now, almost to the exact date. I’m interested to see if markets peak next week as they did in 1980. If so, then I think we can expect a sharp correction into mid-December, followed by a sharp rally into January.

https://goldpredict.com/archives/26795

Test Chart

SPX Daily - How do I make my charts bigger and clearer?

The VIX daily is warning - reduce position size if you are long. (Risk Management Indicator) This could turn out to be a higher low for the VIX. If so we could move back above 30 in the next several days.

https://stockcharts.com/h-sc/ui?s=%2...23&a=818444086

https://stockcharts.com/h-sc/ui?s=%2...04&a=839763575



The Easy Money Is off the Table
By Jeff Clark, editor, Market Minute

The buy signal isn’t over yet. But, it’s due for a pause.

The Volatility Index (VIX) generated a buy signal two weeks ago. Since then, the VIX has fallen from 40 down to 23. And, the S&P 500 has rallied nearly 10%. That’s a stunning move for just two weeks.

It isn’t over, but the easy money is now off the table. The upside from here is going to be a bit more difficult.

https://www.jeffclarktrader.com/mark...off-the-table/

Another go at the all time highs... Time to hedge with a short position. My system remains on a buy signal, and the trend remains up.

https://twitter.com/jessefelder/stat...184449/photo/1

There should be lots of talk about this move....

Breakout
Posted on November 16, 2020

Stocks breakout to close at a new all time high on Monday.

Stocks printed a bullish reversal on Tuesday at the neckline support. Stocks backtested the neckline support on Thursday then formed a swing low on Friday. Stocks closed above the upper megaphone trend line on Monday. Long positions can be entered here using the September high as the stop. And a close above the day 6 high of 3645.99 would mean that a bubble scenario is back on the table.

https://likesmoneycycletrading.wordp...1/16/breakout/

Gaps $NYSE

https://twitter.com/NorthmanTrader/s...376448/photo/1


NYSE close to testing its all time high. A very big move this month....

https://stockcharts.com/h-sc/ui?s=%2...21&a=760647527

In todays overall economy covering the top six gaps would hurt but is recoverable. The bottom four gaps would put a real hurt on everyone and could take a long time to recover from especially with todays unemployment and economic fragility. With the Corona virus still raging around the world the bottom gaps would be world changing. Just my opinion.