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Wednesday June 6th

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  • Wednesday June 6th

    Futures a bit green.
    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
    Futia:

    http://carlfutia.blogspot.com/

    Comment


    • #3
      Fear & greed:

      http://money.cnn.com/data/fear-and-greed/

      Comment


      • #4
        1.8 Billion Selling on Strength numbers for SPY over the past 3 days shows that some big players are selling into this rally.
        "Bull-markets are born on pessimism, grow on skepticism, mature on optimism and die on euphoria." Sir John Templeton

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        • #5
          Keeping so far my miners AGI,AG,CDE and some microgold future contracts /MGCQ8.FOMC day will be a tell.Dollar may correct to 92.5 .

          Comment


          • #6
            FWIW, $XAU's 50,2 daily bollinger bands are the narrowest in their history.

            I am a long term holder of miners (2 years), and I have been hopeful we could get a major turn up here, but the more I ponder the weekly charts, the less likely I think the miners are capable of any sort of long term uptrend from here (I'm talking about a 6 month-1 year move). My lukewarm outlook is based mostly on the relationship between the 50, 100 and 200 WMAs on most mining charts and indexes. I'll admit, some stocks like NEM, PAAS and AEM look good on the weekly charts, but it's possible they could be stuck in a consolidation range for a couple of more years.

            We'll see.

            Comment


            • #7
              Absolutely no reason for the $hui to be down today. Gold up, silver up significantly, Dow up, UUP gapped down.... Blah!

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              • #8
                This kind of super flat MACD for silver on the daily chart pretty much guarantees a very sharp drop soon. See Nov-Dec 2017 as the last example.

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                • #9
                  NYMO:

                  http://stockcharts.com/freecharts/gallery.html?%24NYMO

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                  • #10
                    SPY:

                    http://www.wsj.com/mdc/public/page/2...moneyflow.html

                    Comment


                    • #11
                      Bitcoin:

                      http://stockcharts.com/freecharts/gallery.html?%24NYXBT

                      Comment


                      • #12
                        Soft commodities:

                        https://kimblechartingsolutions.com/...lls-attention/

                        Comment

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