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Monday ,december the 3d

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  • Monday ,december the 3d

    Markets are nicely up 1.50%,oil is up,gold is up 13$,1.10%

    Weekly chart status quo. $amzn higher high AND b/o neckline. 1709 1734, 1755, 1784 above. $nflx higher high but not strong enough. 291 297 303 314 above. $nvda higher high but not even close to neckline. 167 174 181 192 above. $tsla reversal confirmed. 357 366 372 377 above.
    Last edited by froll61; 12-03-2018, 10:05 AM.

  • #2
    Intraday NYMO at +59... overbought as you can guess it

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    • #3
      Glad dumped ALL QQQ CALLS the first minute of trading,/qm is dumped at 53,4$.I do not believe in oil finding a bottom YET,JUST NORMAL MR.PUTIN short term BS.

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      • #4
        Futia:

        http://carlfutia.blogspot.com/

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        • #5

          Bob Loukas‏ @BobLoukas
          FollowingFollowing @BobLoukas

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          Nice move out of gold today, but it's already Day 14 of a 3rd Daily Cycle, and gold is still $10 short of new highs. Miners are sucking wind. Getting to a short zone IMO.


          8:13 AM - 3 Dec 2018



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          • #6
            https://www.peterlbrandt.com/all-fired-up/ Natural gas.P.Brandt.

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            • #7
              Tons names gonna back to mid BB on 30min chart. Then probably good buying opportunity.Stocks gonna back to mid BB on hourly chart

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              • #8
                $fb $twtr some smaller tack-on activity today, likely some rolling involved

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                • #9



                  ​​​​​​

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                  • #10
                    @Rock8launches @DX Bullish Cypher Pattern...

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                    • #11
                      $NQ_F (5m) Gap Charts, closed many Unfilled gaps.

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                      • #12
                        Originally posted by froll61 View Post
                        Bob Loukas‏ @BobLoukas
                        FollowingFollowing @BobLoukas

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                        Nice move out of gold today, but it's already Day 14 of a 3rd Daily Cycle, and gold is still $10 short of new highs. Miners are sucking wind. Getting to a short zone IMO.


                        8:13 AM - 3 Dec 2018


                        I doubt it

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                        • #13


                          If whoever has been pseudo-pegging USD/gold for 5+ yrs would finally let the peg break, CNY would rise just fine...


                          Trading News @4xInsight
                          MNUCHIN: STRONG PROMISE FROM CHINA TO DEAL WITH FX DEVALUATION

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                          • #14
                            Miners acting more or less exactly as expected. Based on today's weak action in the silver miners, I am not expecting a run to the 200 dma in GDX just yet. It think its possible that we get a back test of the 100 dma after the 50 dma crosses above it in a few days, probably just prior to the FOMC on the 19th. Regardless, if GDX does continue to the 200 dma from here, I think the silver miners are telegraphing that GDX will be coming right back down eventually.

                            Once the 50 crosses above the 100 dma, I would be a buyer of GDX on any retest of the 100 dma--I expect a retest in mid to late January. P.S. This is the best cloud action I have seen in 7+ years in GDX/$HUI.
                            Click image for larger version  Name:	Screenshot_2018-12-03 GDX - VanEck Vectors Gold Miners ETF.png Views:	1 Size:	59.1 KB ID:	387770

                            Last edited by Spanky; 12-03-2018, 04:15 PM.

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                            • #15
                              Libor3 to T bill showing early indication of market trouble. The spread between Libor3 and T bills has been declining during boom time. But last week saw the spread rising (widening).

                              There are three charts below:
                              Libor 3 daily, Libor3 to IRX ratio and Libor 3 to IRX ratio 2007 to 2010.

                              There will be warnings

                              Per TSI blog : The short-term interest rate at which banks lend to other banks versus the equivalent interest rate at which the US federal government borrows money, as depicted on the following chart by the LIBOR-UST3M spread.
                              When trouble begins to brew in parts of the banking system it gets reflected by higher interest rates being charged for short-term inter-bank loans well before it becomes common knowledge. This causes the spread between 3-month LIBOR (the average 3-month interbank lending rate) and the 3-month T-Bill yield to increase. For example, the LIBOR-UST3M spread was languishing at around 0.20% in early-2007, indicating minimal fear within the banking system, but then began to rise steadily and reached 0.75% in June-2007. This was an early warning sign of trouble. The spread then pulled back into July-2007 before rocketing up to 2.25% in August-2007. This constituted a very loud warning. After that the spread became very volatile and moved as high as 4.5% at the peak of the Global Financial Crisis in October-2008.

                              The ratio 2007 to 2010:

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                              • #16
                                One ratio I have been watching is $hui:GDX. GDX I believe includes streamers that the HUI does not, and therefore tends to outperform when PM prices are falling. Well the ratio looks like it is turning in $HUI's favor. It certainly looks like we could get more strength in the gold miners this week based on the cloud formation. I would expect a pop/breathrough on the 5th or 6th, or the 14th of this month.
                                Click image for larger version  Name:	Screenshot_2018-12-03 $HUI GDX - (1).png Views:	1 Size:	57.4 KB ID:	387773

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                                • #17
                                  NYMO:

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

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                                  • #18
                                    NAMO:

                                    https://stockcharts.com/freecharts/gallery.html?%24NAMO

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                                    • #19
                                      Bitcoin:

                                      https://stockcharts.com/freecharts/g....html?%24NYXBT

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                                      • #20
                                        Fear & greed:

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

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                                        • #21
                                          Oil:

                                          https://likesmoneycycletrading.wordpress.com/

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                                          • #22
                                            Miners:

                                            https://kimblechartingsolutions.com/...llish-message/

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                                            • #23
                                              Gold:

                                              https://twitter.com/USGlobalETFs/sta...20497133314048

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                                              • #24
                                                $es_f $nq_f both pulling back to 30min chart cloud bottom or 60min chart cloud top. NQ key support 7004 6986 6967. ES key support 2771 2767 2764. NQ needs to get back to 7055 7062 to be better. ES needs 2784 2795 to be better. remember volume not enough this week as i mentioned.

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