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Thursday December 6, 2018

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  • Thursday December 6, 2018

    Gold looking to embed. Possible $1250 by tomorrow.

    http://schrts.co/XtXx6R

  • #2
    Futures in the red with confidence.

    https://finviz.com/futures.ashx

    Oh my!

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    • #3
      if we don't rally into Christmas, $SPX $COMP monthly chart will be in ugly shape - falling to mid BB first then probably way more than that. big red candle from October was too huge to reverse in a couple months following Nov's inside candle.

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      • #4


        $es_f $nq_f futures keep tanking. ES 2600 2690 2700 puts huge volume. NQ 6500p (Wk2) 3M buying. not looking good. ES huge drop overnight typically followed by recovery @ open but be careful given ugly monthly. ES 2652 NQ 6648 both critical levels. if broke again, ES 2626 NQ 6581


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        • #5
          Originally posted by james rangel View Post
          Gold looking to embed. Possible $1250 by tomorrow.

          http://schrts.co/XtXx6R
          Looks like dollar find the bottom and gonna rally again,time to start shorting gold soon.

          Comment


          • #6


            ES NQ not looking like bottomed here. May see a bounce followed by more drop. Be very careful today.


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            • #7
              intraday NYMO -27

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              • #8
                QQQ dec7 163c now @ 1.81 good to consider

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                • #9
                  ES lower low. NQ higher low for now. very dramatic move upon open.

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                  • #10
                    Parets on the markets:

                    https://allstarcharts.com/breaking-l...rash-possible/

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                    • #11
                      Futia:

                      http://carlfutia.blogspot.com/

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                      • #12
                        Joseph Fahmy‏ @jfahmy 26m26 minutes ago

                        Impressive relative strength in many Enterprise Software stocks. This will most likely be my area of focus then this correction is over. Unfortunately, I think this correction is far from over.

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                        • #13
                          Poly:

                          https://twitter.com/BobLoukas?ref_sr...public-blog%2F

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                          • #14
                            Option_Sniper:

                            https://twitter.com/option_snipper

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                            • #15
                              can consider AMZN dec7 1690c at 4.4 as LOTTO only

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                              • #16
                                Everything playing out as expected. The US stock market is not in danger of raging to new highs in the near term, that's for sure. By the same token though, if you look at the weekly charts, there is nothing peculiar about this price action yet. Let's see the Dow make a move towards its 200 WMA and then we can start talking.

                                Miners are acting in line with my expectations. The only uncertainty I have is the silver miners. They are still acting relatively weak, and after the FOMC pop I am expecting, I wonder if they could make new lows when GDX comes back to test its 100 dma in 6 weeks.

                                Click image for larger version

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                                • #17
                                  FANG monthly chart VERY different. $fb weakest & break down mid BB months ago. $amzn back to mid BB then up big but now may see 5ma dead cross 10ma. $nflx strong support by mid BB with 5ma already starting to recover from dead cross 10ma. $googl 5ma about to dead cross 10ma.

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                                  • #18
                                    https://c.stockcharts.com/c... $NYDEC 2798,EXTREMELY HIGH.

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                                    • #19
                                      ES back to weekly cloud bottom 2638 level now. IF conclude this week below 2638, very bad and can go down another 100-130 pts before bulls have the guts to kick in some serious $$.

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                                      • #20
                                        GDXJ:GDX ratio is the most oversold it has been in history. A pop higher is coming soon, even if the ratio continues lower in the long run (which I doubt). I am expecting a rise post FOMC, and perhaps a very big one.
                                        Click image for larger version  Name:	Screenshot_2018-12-06 GDXJ GDX - .png Views:	2 Size:	88.4 KB ID:	387880


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                                        • #21
                                          $NYDEC is at 2830,the highest this year,like in feb 2018.MUST go down tomorrow OR WE JUST CRASH.

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                                          • #22
                                            THE draw down in OIL inventories did not help oil, still going down.

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                                            • #23
                                              Platinum is surprising me a bit today. I guess the H&S was legit, which means it's probably going to retest its low soon (pre-FOMC maybe?). It's still about $30 away.

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                                              • #24
                                                Very strong move in the yen this last few trading days. Tagging resistance today. I would expect it to back off at least a little for the next couple of trading days, probably coinciding with gold doing the same.

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                                                • #25


                                                  be careful here about ES bouncing. 30min chart still just an inside candle, not lower low green. still possible moving lower breaking down 2621 today. so know the risk if you play. IF this 30min chart conclude with a higher high, then can confirm bottom today at 2621.


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                                                  • #26
                                                    NFLX dec14 290c now at 3.7 good to consider. this one is relatively strong today among FANG.

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                                                    • #27
                                                      tsla nflx qqq calls better than anything else at this point. but if mkt drops again (i.e., es below 2621 again), gonna be bigger risk into afternoon. know the risk. size ur plays. for most ppl, best is to sideline.

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                                                      • #28
                                                        1. Bob Loukas‏ @BobLoukas
                                                          1h1 hour ago

                                                          More
                                                          #gold doing well...but Junior miners and silver continue to suck wind. Rarely do I see a sustainable gold move in these cases. Plus, Weekly Cycle getting "long".

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                                                        • #29

                                                          Bob Loukas‏ @BobLoukas 47m47 minutes ago

                                                          More
                                                          Bob Loukas Retweeted Bob Loukas

                                                          Still in play for the S&P and stocks. Heading into an early/Mid December big Weekly Cycle Low and then rally. Only difference was the snap back counter rally last week that got many excited.

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                                                          • #30
                                                            We can close the gap in QQQ 166$ tomorrow.FOMC still 2 weeks away,have more room to drop.After FOMC probably Christmas rally.

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                                                            • #31
                                                              Today's close for SLV is important for next week's action IMO. If it closes below the cloud, it opens the door, potentially, for a rather significant plunge next week and into the FOMC on the 19th. If it manages to close above the cloud's lower border, it should rally tomorrow and potentially into the FOMC. The lower border *should* act as strong support, but I've noticed that silver likes to break all of the rules that typically apply to everything else on earth.

                                                              I am inclined to think it is headed lower, along with the rest of the commodity complex, into the FOMC. I would then be anticipating a bounce out of that meeting. I would assume GDXJ is going to get ridiculously oversold vs GDX before then.

                                                              Next 8 trading days are going to be interesting. Keep in mind SLV's daily stochastics havent's sniffed overbought in 6 months! If we were to break down tomorrow, it would most likely keep that streak alive for a little longer. Only in silver!
                                                              Click image for larger version  Name:	Screenshot_2018-12-06 SLV - iShares Silver Trust(1).png Views:	1 Size:	68.2 KB ID:	387895


                                                              Last edited by Spanky; 12-06-2018, 12:48 PM.

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                                                              • #32
                                                                Originally posted by froll61
                                                                Gonna take profits in 163$ CALLS QQQ if reach 166 today,close the gap.

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                                                                • #33
                                                                  Joseph Fahmy‏ @jfahmy 47m47 minutes ago

                                                                  Very few people are talking about the number of large hedge funds that are closing down. The forced liquidation of their positions is another factor contributing to the decline that started in October and will most likely continue into early 2019.

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                                                                  • #34
                                                                    Originally posted by froll61 View Post
                                                                    can consider AMZN dec7 1690c at 4.4 as LOTTO only
                                                                    Closed at 20.15.JUST WOW.

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                                                                    • #35


                                                                      $TLT vs $GLD : #TLT vs #GLD ratio now ripping. First phase is for TLT to pop, next phase is for gold to drop. That ratio should reach upper red territory relatively quickly. 13/50MA bearish cross will not happen just like 2015 = uber bullish $GC #GC #bonds #treasuries
                                                                      ​​​​​​https://pbs.twimg.com/media/DtsBe-ZU0AUONvY.jpg

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                                                                      • #36
                                                                        $GOLD Monthly: #GOLD appears to be in a monthly bear flat, attempting to backtest 1248.64. If that level touches & holds this week w/ a shooting star could have very bearish implications (Orange TL breakdown). Included zoomed section (right) for reference.. $GC #GC #GLD $GDX

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                                                                        • #37
                                                                          $SPX Daily: #SPX stalled on trade flop. Has since now retreated drastically. Purple TL still holding as of Tuesday, both overnight session indicates that may not hold. 50MA about to bearish cross 200MA (death cross blah blah). MACD/Stoichs rolling $ES #markets #economy #stocks
                                                                          UPDATEID NOT HOLD!!

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                                                                          • #38
                                                                            #Dow Daily: $DOW had vicious face ripper rally (as all bear market rallies typically are). #Dowjones setting up for another imminent flush to the lower BB. 200MA is last support before flush can start. Magenta TL should break this time... #economy #markets #economy #Stocks UPDATE:THE FLASH STARTED!!

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                                                                            • #39
                                                                              $EURUSD MACRO: #EURUSD monthly rising lower BB is only support left. However, last time Stoichs dropped this low & stayed this low (late 2014) #EUR went from 1.20 to 1.04, so just because they got this low it does not mean we are near a bottom yet. #FX #FOREX #economy #DXY

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                                                                              • #40
                                                                                GLD probably headed back to its 50 dma starting today. Let's see if silver can hold up (probably not).

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                                                                                • #41
                                                                                  Closed 163 QQQ 7 DEC CALLS, 166$ gap is nearly closed.JUST TOOK THE MONEY AND RUN

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                                                                                  • #42
                                                                                    Stocks & bonds:

                                                                                    https://kimblechartingsolutions.com/...cks-2000-2007/

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                                                                                    • #43
                                                                                      Another wild day in US stocks. The Dow is currently down about 300 pts and is looking to put in quite the hammer candle today. I'm guessing the Dow is going to rally into the FOMC on the 19th. Nothing crazy, but I think on net it will be higher than today's close by the 19th. I expect that gold will likely be headed in the opposite direction, on net. Maybe the USD makes a higher high pre-FOMC?

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                                                                                      • #44
                                                                                        $WTIC Weekly: #WTI back above yellow support. Stoichs starting to form bottom (lags actual price so bottom may already be in). RSI indicating this as well. Some sort of backtest is in play now, whether it's weekly or daily level is the question... #Crude #Oil #WTIC $OIL $WTI

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                                                                                        • #45
                                                                                          Nancy Boots Davison Retweeted
                                                                                          Peter Ghostine‏ @PeterGhostine
                                                                                          3h3 hours ago

                                                                                          $SPY ... A bounce towards 266-267 should set the stage for a move down to the February lows (~255) to complete the first leg of this bear market's second phase. An ensuing relief rally should in turn usher in another down leg even more powerful than the current one.

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                                                                                          • #46
                                                                                            All I have to say is wow. That has to be one of the biggest reversal candles in history. All based on some WSJ report? Is that rat Hilsenrath responsible? lol. Wow.

                                                                                            And of course gold is closing near the lows of the day when it should be up $50. What a joke.

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                                                                                            • #47
                                                                                              • Got a few 166.5 qqq 7 dec calls at 15.25 pm

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                                                                                              • #48
                                                                                                $NFLX Feb2019 280c huge huge 6.87M call transaction right before close..... wow.....

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                                                                                                • #49
                                                                                                  Well, both $silver and SLV managed to close above the lower border of their Ichimoku clouds and above their 50 dmas. The cloud picture for silver on the daily chart actually looks very good. Up up and away?

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                                                                                                  • #50
                                                                                                    $VIX back to mid BB on hourly chart. HUGE gap up on daily with a big big shooting star. keep this in mind.VIX broke down 15min chart cloud completely. see if it goes to 20.8 level - the cloud bottom.

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                                                                                                    • #51
                                                                                                      I believe we get an unemployment number tomorrow. How convenient.

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                                                                                                      • #52
                                                                                                        Total preliminary option volume of 26.6million today is 32% above recent average. Puts led calls 13.49M to 13.08M.

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                                                                                                        • #53
                                                                                                          NYMO:

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

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                                                                                                          • #54
                                                                                                            NAMO:

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

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                                                                                                            • #55
                                                                                                              Bitcoin:

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

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                                                                                                              • #56
                                                                                                                A current Bitcoin price:

                                                                                                                https://www.worldcoinindex.com/coin/bitcoin

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                                                                                                                • #57
                                                                                                                  Fear & greed:

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

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                                                                                                                  • #58
                                                                                                                    SPX:

                                                                                                                    https://likesmoneycycletrading.wordpress.com/

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                                                                                                                    • #59
                                                                                                                      $SSEC:

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

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                                                                                                                      • #60

                                                                                                                        Bob Loukas‏ @BobLoukas 2h2 hours ago

                                                                                                                        More
                                                                                                                        Closed 3/4 of my short position here. Huge. Remainder closes at $3,150 or 3,510. Buy order start triggering at $3,025 and in real size at $2,920. Cycle Low is almost in. Now NOT time to panic or sell. Bitcoin WILL rally $2,000 + out of this coming cycle low. Good night

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