USD weekly: Another higher low? We shall see how next week plays out. A cycle low "COULD" be close.....
SPY daily: Easy Money Monday is up next......
“There is only one side to the stock market; and it is not the bull side or the bear side, but the right side” Jesse L. Livermore
USD weekly: Another higher low? We shall see how next week plays out. A cycle low "COULD" be close.....
“There is only one side to the stock market; and it is not the bull side or the bear side, but the right side” Jesse L. Livermore
SPY/TLT/GLD/GDXJ ratio chart: Look what happened to GDXJ, TLT, and the USD when stocks sell off. Waiting to see how this ratio plays out "IF" the SPY ever sells off again. Note where the flight to safety funds go when investors get really scared...... Also note what GDXJ did (GDXJ is the gold line) That is the reason I track this data. I like to trade GDXJ.
Last edited by robo; 05-07-2021 at 01:30 PM.
“There is only one side to the stock market; and it is not the bull side or the bear side, but the right side” Jesse L. Livermore
GDXJ daily: A tag of the upper BB has indicated ST weakness in the days ahead based on the current pattern. We shall see how next week plays out. I reduced my position size today. Maybe this time we get the big move the Bugs are always talking about. I trade GDXJ because the patterns have been fairly easy to trade, and for NO other reason. I own NO gold..... Keep in mind I'm a trader not an investor.
“There is only one side to the stock market; and it is not the bull side or the bear side, but the right side” Jesse L. Livermore
SPY daily: I will be trading SDS once we get a trend change. LOL..... whenever that might happen..... It's been a very nice run for sure.....
SevenSentinels
@SevenSentinels
1h
1:15 PM
Markets Sharply Higher as TREND Measures Fail To Confirm The Advance
https://twitter.com/SevenSentinels/s...411329/photo/1
“There is only one side to the stock market; and it is not the bull side or the bear side, but the right side” Jesse L. Livermore
SPY/SDS chart: I trade SDS because it's very liquid..... Just a penny between the bid and ask price.
“There is only one side to the stock market; and it is not the bull side or the bear side, but the right side” Jesse L. Livermore
VIX weekly: Smashed back down..... NO FEAR! Just BTFD..... I still think a move back up to the upper BB is getting very close, but I don't trade what I think. I trade what I see and the trend remains up. I might buy a small position of VXX as a hedge going into next week. For now it should be easy money Monday unless traders go away in May.
“There is only one side to the stock market; and it is not the bull side or the bear side, but the right side” Jesse L. Livermore
VXX 2 hour chart: I just took a Beer Money position using VXX. I know, "It's easy Money Monday" up next. That is why it's only a small position.... No stop since it's such a small position. You can see the pattern I'm playing...... NO more then a single Blackjack hand, and I like the odds - win, lose or draw! On the daily the SPY continues on its uptrend.....
05/07/2021 17:19:5 Bought 25 VXX @ 36.74
Last edited by robo; 05-07-2021 at 04:48 PM.
“There is only one side to the stock market; and it is not the bull side or the bear side, but the right side” Jesse L. Livermore
Fed - tech's best friend
Fed has continued to "feed" the system, and the main beneficiary is the FAAMG space (if FAAMG was a country its GDP would be the 3rd in the world).
On the other hand as Bofa notes, there are possible negatives going forward;
"...bad news is global tapering has begun (big 4 QE set to fall from $8.5tn in ‘20 to $3.4tn in ‘21 to $0.4tn in ’22) and in Q2/Q3 the stronger the macro the quicker & bigger the taper".
Fed has definitely managed fueling the tech space, but they have been unable to manage tech volatility.
VXN remains elevated, despite the BS printing new highs...
https://themarketear.com/
Eric marienthal - Blue water
https://www.youtube.com/watch?v=XzgD...ilGHd&index=19
“There is only one side to the stock market; and it is not the bull side or the bear side, but the right side” Jesse L. Livermore
Well, you know what I say..... We shall see!
USD daily:
Dollar Endgame
by likesmoneystudies
Breaking below the previous daily cycle low forms a failed daily cycle and extends the intermediate cycle decline. Friday being only day 6 indicates that the dollar can trend lower for the next 3 to 6 weeks before printing its DCL. The dollar is in a daily downtrend and will remain so unless it can close back above the upper daily cycle band.
I believe that Friday's failed daily cycle has big. implications for the dollar. In my special report, Dollar Endgame, I discuss how this failed daily cycle is setting the stage for a failed weekly cycle and what this means for the yearly cycle, 3 year cycle and the 15 year super cycle.
https://likesmoneycycletrading.wordp...ollar-endgame/
“There is only one side to the stock market; and it is not the bull side or the bear side, but the right side” Jesse L. Livermore
USD daily tracking data: The USD does remains in a downtrend. We shall if it makes a higher low, or the cycle dude is correct.
“There is only one side to the stock market; and it is not the bull side or the bear side, but the right side” Jesse L. Livermore
USD daily: A close look for those that track the dollar. We shall see if the 89.68 marker holds.....
“There is only one side to the stock market; and it is not the bull side or the bear side, but the right side” Jesse L. Livermore
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