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Tuesday,January 8th.

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  • Tuesday,January 8th.

    Markets are nicely UP 1%,Gold is down 8$,oil is up 1%.The 3d day of gains . IF - and this is a BIG if - trade talk goes great, there's a chance we see $amzn at 1681 1726, $nflx at 325 332, $googl at 1108 1114, $nvda at 151 156 on the same day.(DO NOT TAKE IT AS A TRADE ADVICE,PLS)

  • #2
    be careful about tech fade this morning. many names broke uptrend channel.

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    • #3
      Futia:

      http://carlfutia.blogspot.com/

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      • #4
        Fear & greed:

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

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        • #5
          A current Bitcoin price:

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

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          • #6
            Natural gas:

            https://finviz.com/futures_charts.ashx?p=d1&t=NG

            Comment


            • #7
              I've been saying for a couple of months that I expected gold and miners to top in late December and make an ICL the week of the 28th of January.

              I expect yen to get slammed and GDX to go under $19 for a week to two before the ICL is put in.

              If I am wrong, I will not complain at all, but I think a critical low will be made in the next 4 weeks that will prove to be a tremendous buying opportunity.

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              • #8
                After doing nothing except go sideways while silver spiked up $2 over the last couple of months, and being one of the worst performing major miners over the last 2.5 years, HL is up over 7% this morning. OK. Whatever.

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                • #9
                  even with this huge fade this morning, SPX not yet back to mid BB on hourly chart. so more room to drop see lower low into next hour possible.

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                  • #10


                    MrMiyagi‏ @MrMiyagann 2h2 hours ago

                    $NYMO hit +120 at the open, now at +116. Last time it closed above +120 was December 26th 2008. $SPY $SPX $ES $QQQ $NDX $VIX $IWM $RUT $DIA $IYT $USO $USD

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                    • #11
                      Silvercorp Metals:

                      Leni‏ @TweetLeni 24m24 minutes ago

                      $SVM longnew

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                      • #12
                        Leni‏ @TweetLeni 1h1 hour ago

                        $NGD +17.22% little monster working hard.

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                        • #13
                          Odds are pretty good Trump declares a national emergency tonight during his address. National address would merely be to lay out his reasoning for doing so. Heads would explode. Probably markets will sell off...

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                          • #14


                            how $SPX $COMP conclude today is vital. if we see long bottom stick on daily by end of day, good chance hike tmr first for higher high then big fade back to daily chart mid BB. but if today not close w/ long bottom stick, could see lower low on daily tmr back to mid BB.

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                            • #15
                              1. 0 replies2 retweets19 likes

                                Reply
                              2. Bob Loukas‏ @BobLoukas
                                5h5 hours ago

                                More
                                #bitcoin still "counter-trend" move in bear market downtrend. But short term bulls still control. Cycle has time left to make move higher (into a trap), but suspect after long consolidation that move has to start here. heavy resistance at $4,200-$4,400.

                              Last edited by froll61; 01-08-2019, 01:43 PM.

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                              • #16
                                ATH for palladium,1268$,a near PARITY with gold,PALL doing great.

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                                • #17
                                  $VIX Daily/Weekly: #VIX is indicative of more upside for SPX even though seein lots of tippy/frothy signs in other indicators. Red inverted hammer on daily points to more downside for VIX (intraday can always change but for now itís bullish equities still) $VXX #VXX



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                                  • #18
                                    #Dow Daily: $DOW high of the day = 23,864 (roughly 43 puts from my 24,907 target)... that may be close enough. It did enter orange target zone but need to see how todayís candle closes. Watch tape like a hawk for potential reversal in next 24-48 hours #economy #markets

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                                    • #19
                                      $XLF Weekly: #XLF forming a textbook red shooting star right at purple TL backtest zone. Wow this looks incredibly bad. Really no way to sugar coat this. I expected at least 13MA backtest, but financials are so weak they could not even get there. #financials #banks $JPM $GS Are U ready .....S??

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                                      • #20
                                        $XLF Daily: #XLF confirming with bearish engulfing candle. Upper BB now lower than 50MA (taking that option off the table). Blue TL holding & this chart mimicking JPM almost exactly (or vice versa technically). Tomorrow needed for confirmation... $SPX #financials #banks $JPM $GS

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                                        • #21
                                          $XLE Daily: #XLE clipped magenta TL exactly & forming black candle (=red candle but close higher than previous close). Blue TL also holding in closing basis... as I warned keep eye out for potential reversal by tomorrow or thursdays close $OIL $WTI #WTIC #oilandgas #crudeoil

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                                          • #22
                                            $JPM Daily: #JPM behaving just as I had warned... very dangerous technical development here... large bearish engulfing rejection at key resistance could prove fatal here. Tomorrow downside follow through needed for confirmation. Caution ahead... #Financials #Banks #XLF $XLF

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                                            • #23
                                              $GDX Daily: $GDX so far is not buying this bull move. Starting to show major signs of cracking. MACD crossed bearish& Stoichs about to roll over & cross yellow support TL. Bounced off BC today & testing 13MA support. If Blue TL fails, not a good sign for #Gold #Miners $Gold

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                                              • #24
                                                $USD Daily : #USD now in the green circle target zone. Made the circles even smaller just because itís obvious where they are going to touch exactly now. Remains to be seen if we get a 4 day consolidation like Sept or if this is in fact a bearish break... #DXY $DXY #FX #forex

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                                                • #25
                                                  $AAPL Weekly: New #AAPL Weekly Chart For some perspective, #APPLE is back to its 200MA weekly after extending way beyond its weekly 200MA earlier this year. FWIW, The only time Apple breached the 200MA to downside was during the 2008 Recession, just FYI #Tech #technology

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                                                  • #26
                                                    TSLA:

                                                    https://www.investors.com/market-tre...a:08:05:3:DA:1

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                                                    • #27
                                                      Closed QQQ 158$,159$ 11 JAN CALLS(Got yesterday morning)

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                                                      • #28
                                                        remember what i said - $spx $comp both gonna conclude today with long bottom stick AND it's green candle. unless we see some substantially bad news overnight, otherwise technically should be a big hike day tmr. size your plays. know the risk. don't play heavy. gambling always bad

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                                                        • #29
                                                          Stocks:

                                                          https://allstarcharts.com/us-dollar-...impact-stocks/

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                                                          • #30


                                                            "Can the reserve currency of the world have less than 0% interest rates?"

                                                            Well, the Fed funds rate was at 0% for over 8 years and most bond yields were below 1% for many years. The 10 year bond was down to 1.6% in 2016. What difference will 0% or negative rates make if there's massive deflation across the globe? None.

                                                            "Who will sell their oil for useless paper (which is what the USD will become when it has no yield)?"

                                                            Really, is the Euro and Yen worthless because most of their bonds trade with negative yields today? Not at all. When there's a shortage of currency it makes the currency MORE valuable, even when investors are willing to accept negative yields. The purchasing power of the US Dollar is increasing despite lower bond yields, oil producers will be fine accepting dollars and then buy low or negative yielding bonds.

                                                            "the unpayable indebtedness of the sovereigns of the world"

                                                            Has any developed nation missed an interest payment on the debt? No. If rates go down to 0%, the ability to service the debt will become even easier, that's the whole point of going with deflation, it's too deflate the interest payments away!

                                                            "I hope the real inflation in the USA becomes THE focus of political debate in this country"

                                                            If we enter recession and the stock market goes into the tank- the main discussion is going to be how they made massive cuts to SS, medicare and all other social programs. Also how pensions got cut -50% or more. How bank bail-ins took -30% of depositors money. I really don't think inflation is going to be a concern, the draining of money out of the system is the whole point and the markets are just starting to recognize this reality.

                                                            Also, it's important to note the action of the gold/30 year T-bond ratio. The long bond was been outperforming gold for the past 8 weeks, what is this telling us? That deflation is the major theme and the money is pouring into debt at a stronger rate than a hard asset.

                                                            There is no QE, stimulus or currency reset coming. There is no UBI, infrastructure spending or any other inflationary policy coming either. The people in power are going with massive deflation, there is no other choice in their minds.
                                                            Last edited by froll61; 01-08-2019, 05:52 PM.

                                                            Comment


                                                            • #31
                                                              I'm confused


                                                              https://www.clivemaund.com/article.php?id=68

                                                              "The biggest difference between now and 2008 is back then money flooded into the dollar in order to buy Treasuries, but this time round that does not appear to be happening"

                                                              Wait a second, we have seen a very strong bond rally the past 8 weeks and the US dollar is -2% down from recent all-time highs. What difference does it make who is buying the debt? It doesn't, Russia and China aren't needed to buy it.

                                                              "What we are seeing is an intensifying buyers strike with respect to Treasuries"

                                                              Again, that's not the case.

                                                              Why is being intellectually honest so difficult today? If stock markets continue to decline, investors will continue to go into US T-bonds. It doesn't matter if there's $40 trillion of debt, if the conditions point to deflation and economic weakness- investors will even settle for 0% or negative yields.

                                                              There's not going to be any dollar collapse, hyperinflation or even slight inflation. We are going to get more to what we have been seeing- investors going into the US dollar and US T-Bonds. At a certain point, investors are going to be asking themselves if buying gold at $1300 oz makes any sense when there's no inflation.

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                                                              • #32
                                                                Thanks for the warning!


                                                                https://www.dw.com/en/germanys-fat-years-of-high-tax-revenue-are-over-fi...

                                                                Well, as asset prices decline and the economies slowdown, we're going to see a massive decline in tax revenues. So are we going to see big deficits to makeup the difference? Not in the EU, we're going to see massive cuts for social programs.

                                                                But the US would never cut off the peasants and will just run $2-3 trillion deficits to makeup the difference, right? Nope, not this time around. The bondholders will make the rules, their goal is fiscal austerity- not "printing money" or "inflating the debt away".

                                                                I wonder how happy EU citizens will be when they get cut off and have to share the crumbs with millions of migrants that don't even belong in their nation. Everyone is charitable until it hits their own lifestyle.P.S. Can not wait to see...
                                                                Last edited by froll61; 01-08-2019, 06:05 PM.

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                                                                • #33
                                                                  NYMO:

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

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                                                                  • #34
                                                                    Bond Bears


                                                                    Just another day of new recent lows on bond yields.

                                                                    5 year- 2.48% 10 year- 2.65% 30 year- 2.97%

                                                                    Good thing the bond bears doubled down on the recent move in lower yields.
                                                                    They can't just believe that soaring deficits and debt can still mean lower yields. They're going to get an economic lesson of a lifetime before it's all said and done.

                                                                    When will they realize they made a big mistake? When the gold/30 year T-bond ratio takes out the 2016 low is my bet.

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                                                                    • #35
                                                                      NAMO:

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

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                                                                      • #36
                                                                        Bitcoin:

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

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                                                                        • #37
                                                                          S&P 500:

                                                                          https://kimblechartingsolutions.com/...ss-resistance/

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                                                                          • #38
                                                                            Poly:

                                                                            Bob Loukas‏ @BobLoukas 1h1 hour ago

                                                                            In a vacuum still, another 100 points higher in a blink for the S&P. Then some solid profit taking. #stocks $SPY $QQQ

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                                                                            • #39
                                                                              FCX:

                                                                              https://twitter.com/allstarcharts/st...49186817159168

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                                                                              • #40
                                                                                Stocks:

                                                                                https://likesmoneycycletrading.wordpress.com/

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                                                                                • #41
                                                                                  More FCX:

                                                                                  https://twitter.com/allstarcharts/st...43349939470337

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                                                                                  • #42
                                                                                    trade talk news likely come out tomorrow morning prior to mkt open. if indeed great, $spx to 2638 $comp to 7027 possible. if no real great news, big red candle getting back to mid BB on daily chart next few days so spx to 2527, comp to 6712.

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                                                                                    • #43
                                                                                      https://asia.nikkei.com/Business/Com...ion-plan-by-10 AAPL news again

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