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Thursday August 10th

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  • Thursday August 10th

    Markets down about 0.20% overnight, looks like I may have been early in going long.
    Don't follow or make any trades based on any chart, guess, study, joke or prediction I make.
    Seriously. Don't follow me. Just don't. I only guess at things.
    Also.. I'm not the real Mr Miyagi; he's been dead since 2005.

  • #2
    So there are analysts saying that gold might have begun its second daily cycle. Looking at a long-term chart, the question is whether the late 2015 low was the final low after the all-time high of $1923. And if so, whether gold will get into a strong secular bull market following that low. If that is going to happen, then perhaps the big drop after the 2016 U.S. election was a final attempt to get to a new low, which failed. Since then we've had one restrained but bullish investor cycle. The new investor cycle, which is obviously underway now, is off to a good start. And if we are into the second daily cycle already, the minimal retracement into the $1257 DCL (December futures) of the first DC would have to be seen as very bullish. As I write, around 2am U.S. eastern time, gold is making a new high of $1285. The previous ICH around $1307 is on the menu.

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    • #3
      DAX- the Macron Gap is finally filled

      Comment


      • #4
        Originally posted by Sophia View Post
        DAX- the Macron Gap is finally filled
        I wonder when the Macron Gap in EUR/USD will be filled.

        Comment


        • #5
          Gold bulls totally locked out since the $1257 low (December futures), which now does look very much like the first DCL of this IC.

          Comment


          • #6
            NYMO opened at -68.86.
            Don't follow or make any trades based on any chart, guess, study, joke or prediction I make.
            Seriously. Don't follow me. Just don't. I only guess at things.
            Also.. I'm not the real Mr Miyagi; he's been dead since 2005.

            Comment


            • #7
              Originally posted by EnglishBulldog View Post
              Gold bulls totally locked out since the $1257 low (December futures), which now does look very much like the first DCL of this IC.
              I jumped in yesterday with a small position and added a bit today. Still not ready too go big yet, However if the downtrend line from Feb. gets broken,I'll be all in.

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              • #8
                Originally posted by MrMiyagi View Post
                NYMO opened at -68.86.
                thanks Sensei

                Comment


                • #9
                  those levels are panic... VIX up 23%.... and the Dow is only down 90 points

                  Comment


                  • #10

                    all the puts ES that I bought last night are selling like hot buns

                    Comment


                    • #11
                      Originally posted by Sophia View Post
                      all the puts ES that I bought last night are selling like hot buns
                      Great entry Sophia! NYMO hit -73.36 at the low.
                      Don't follow or make any trades based on any chart, guess, study, joke or prediction I make.
                      Seriously. Don't follow me. Just don't. I only guess at things.
                      Also.. I'm not the real Mr Miyagi; he's been dead since 2005.

                      Comment


                      • #12
                        intraday NYMO -73

                        Comment


                        • #13
                          Originally posted by MrMiyagi View Post

                          Great entry Sophia! NYMO hit -73.36 at the low.
                          yes lucky.... closed my last IWM puts when it got close to the Russell 1375 target

                          Comment


                          • #14
                            Reversal Levels:

                            http://www.reversallevels.com/2017/0...or-aug-10.html

                            Comment


                            • #15
                              Futia:

                              http://carlfutia.blogspot.com/

                              Comment


                              • #16
                                SPX, gold, USD:

                                https://likesmoneycycletrading.wordpress.com/

                                Comment


                                • #17
                                  Transports:

                                  http://kimblechartingsolutions.com/2...1999-2007-now/

                                  Comment


                                  • #18
                                    Small TQQQ.

                                    Comment


                                    • #19
                                      Dare I say QQQ Intraday MACD/20ema lining up for a pop of some sort?
                                      Don't follow or make any trades based on any chart, guess, study, joke or prediction I make.
                                      Seriously. Don't follow me. Just don't. I only guess at things.
                                      Also.. I'm not the real Mr Miyagi; he's been dead since 2005.

                                      Comment


                                      • #20
                                        Originally posted by MrMiyagi View Post
                                        Dare I say QQQ Intraday MACD/20ema lining up for a pop of some sort?
                                        you can dare, I see the same

                                        Comment


                                        • #21
                                          No feeling very good about dollar.

                                          Comment


                                          • #22
                                            Originally posted by Sophia View Post
                                            you can dare, I see the same
                                            Internals have stabilized, NYMO hit -80 at the low.
                                            Don't follow or make any trades based on any chart, guess, study, joke or prediction I make.
                                            Seriously. Don't follow me. Just don't. I only guess at things.
                                            Also.. I'm not the real Mr Miyagi; he's been dead since 2005.

                                            Comment


                                            • #23
                                              Originally posted by MrMiyagi View Post
                                              Internals have stabilized, NYMO hit -80 at the low.
                                              And now back to the day's lows. SPY at 50sma.
                                              Don't follow or make any trades based on any chart, guess, study, joke or prediction I make.
                                              Seriously. Don't follow me. Just don't. I only guess at things.
                                              Also.. I'm not the real Mr Miyagi; he's been dead since 2005.

                                              Comment


                                              • #24
                                                NYDEC first time over 2500 in 2017, last occasion was October 2016.
                                                Don't follow or make any trades based on any chart, guess, study, joke or prediction I make.
                                                Seriously. Don't follow me. Just don't. I only guess at things.
                                                Also.. I'm not the real Mr Miyagi; he's been dead since 2005.

                                                Comment


                                                • #25
                                                  Originally posted by MoonspiriT View Post
                                                  No feeling very good about dollar.
                                                  Looks like today's situation is different from 11 May. 5d ma of EUR/USD provides resistance at lease for now.

                                                  Comment


                                                  • #26
                                                    1. Ryan Detrick, CMT‏ @RyanDetrick 3h3 hours ago

                                                    2. #SPX down 1% feels like a lot, but remember the previous three weeks were the calmest in the history of the #SPX ... https://lplresearch.com/2017/08/10/welcome-to-the-calmest-three-weeks-in-history/

                                                    Comment


                                                    • #27
                                                      vix had a monster day..http://stockcharts.com/h-sc/ui?s=%24...d=p00061452811

                                                      Comment


                                                      • #28
                                                        Stocks:

                                                        https://likesmoneycycletrading.wordpress.com/

                                                        Comment


                                                        • #29
                                                          Fahmy:

                                                          https://www.joefahmy.com/2017/08/10/a-few-warning-signs

                                                          Comment

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