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Thursday,January 10th.

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  • Thursday,January 10th.

    Gold is down a bit,oil is down 1.5% ES NQ futures supported by daily 5ma overnight but not pulling up yet pre-market. See if this 5ma support is valid. If go below it intraday, huge fade. If support confirmed, may see long bottom stick big green candle instead.


  • #2
    Futia:

    http://carlfutia.blogspot.com/

    Comment


    • #3
      Fear & greed:

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

      Comment


      • #4
        A current Bitcoin price:

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

        Comment


        • #5


          Bob Loukas‏ @BobLoukas
          FollowingFollowing @BobLoukas

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          Absolutely more reason to be cautious now. Fast overnight move out of tightening bands suggests that we might have the top now in place. Get the defensive unit out there.

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          • #6
            Bob Loukas‏ @BobLoukas 12m12 minutes ago

            More
            #bitcoin

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            • #7
              Notice how long that $SPX pullback lasted? Not even half an hour before the buyers stepped right in to BTFD .... hmmmm

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              • #8
                four names to tell the strength of mkt move (if any before EOD). amzn need 1664. nflx need 325. ba need to hold above 351. aapl need new HOD. if these things ALL happen before EOD, can tell this mkt is very strong. otherwise uncertainties into tmr.

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                • #9
                  $SPX Weekly (Bear): #SPX now inside target zone. Watch the 13MA level like a hawk for intraday rejection in the next 2-3 trading days. If it breaks then 50MA rejection next. 13MA rejection obviously more bearish of the two scenarios #economy #markets #stocks

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                  • #10
                    $SPX Daily: #SPX still aiming for 50MA backtest at top of my yellow circle target zone. That lines up with a Stoichs peak in next 2-3 trading days. Purple TL is key backtest rejection zone $ES rally getting long in the tooth...

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                    • #11

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                      #Dow Daily: $DOW still charging ahead Looks like it wants to break through magenta & hit my shigher target of 24,605, conveniently just below 200MA. For the record for bear scenario to play out a successful backtest rejection must occur at the 200MA #economy #markets

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                      • #12
                        $USD strong bounce at 200MA, could be supportive sign for potential upcoming bullish move. Every visit to 200MA required 3-4 day choppy consolidation so be patient. If so this is a key reversal point for currencies ( $EURUSD also hitting 200 as well) $DXY #FX #FOREX

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                        • #13
                          Gold needs a few more days but it’s days are numbered. Looks like 1300mis the cap, do not see it hitting 1310 anymore.Need to map out next legs, but yes most likely lower than 1250. Avg gold swings are $60-80 typically

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                          • #14


                            #SILVER Daily: $SILVER bounced & supported by previous yellow resistance, now as support. Could be the potential launching pad for one final rip. Those looking to exit might get one final thrust to green. Just keep that in mind #SLV $SLV

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                            • #15


                              Also, $USDJPY finally potentially finding base @ 108. If so supportive of equities in ST. Flash crash flush to 104 now looking most likely like capitulatory bottom, more time needed for confirmation, could be good sign for one last equities push upward. Commodities at risk

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                              • #16
                                • https://youtu.be/bI4-Fyq5aEs. The banks CAN legally take your money,keep it in bullion ...OR BTC.Is it better to be debt free and hold savings in your bank OR

                                  Be Debt FULL . mortgage to the max and have zero savings

                                  When your bank fails do you still owe them ?

                                  You already used their Money and now they are dead
                                Last edited by froll61; 01-10-2019, 04:39 PM.

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                                • #17
                                  for a couple of months, I have been expecting the miners and gold to back test their 100 dmas in late January. I think we will see a very sharp decline between now and then to make that happen.

                                  I'll bet there will be a very convincing bounce off the 50 dma and a possible retest of the 200 dma, but I would not buy it. I thinkGDX will come right back down to hit the 100 dma by the end of month. So the next 3 weeks should be extremely volatile. That will be the last great buying opportunity. GDX should be able to get to $23 by March IMO.

                                  Technically the miners look great, but there is still a TON of room for short term shenanigans to the downside. If GDX hits $19 or even into the $18s, buy the crap out of it.
                                  Last edited by Spanky; 01-10-2019, 04:58 PM.

                                  Comment


                                  • #18
                                    Lets face it friends

                                    We hang out at this off the beaten track bar , because each of us believes on some level that sometime in our lifetime , if not as soon as tomorrow , there is going to be a day of reckoning !

                                    A Financial Disaster Has to happen ( no sarcasm ) Has to..!! as in Will Happen !

                                    It always does after a period of Debt orgasm .

                                    And this clearly is such a period.

                                    We Just don’t know exactly when !

                                    All we can do is invest in Gold and related instruments and hope that as in the past Gold becomes a valuable asset compared to everything else.

                                    Some bitch and moan when Gold doesn’t rise night and day as it “should” .

                                    Others are just happy to have the insurance but give thanks every day they do not need to collect on it.

                                    Fortunately there is another thing we can do. We can share our collective gold minds and chart the damn thing .

                                    Which is what we do here , from many perspectives, all night and day.

                                    So anyhow my question is :

                                    Are we there yet ?

                                    Comment


                                    • #19
                                      My thoughts for now…
                                      It FEELS like we are on the launch pad, however there are a few idiosyncrasies that have me holding back from total commitment:
                                      – The accumulation distribution line on weekly GDX and GDXJ have not moved positive – at all. They ought to have started turning up in September, but did not.
                                      – The oscillators TSI 747, slow stochastic, and RSI are reaching toward overbought while the rally in the miners is not as advanced as it was in previous bear market rallies, or in the 2016 baby bull move. So the miners haven’t bought in all the way, not yet. I would like to see the miners begin to lead the metal.
                                      On the plus side the miners (GDM) broke down to a measured move from an 18 month consolidation, then rallied back and are poking back into the old consolidation pattern. This is a very positive development if it can hold up.

                                      Comment


                                      • #20
                                        Here's my guess how the next few weeks play out in GDX.

                                        In contrast to GDX, I think the weaker miners (i.e., the ones that bottomed in Nov-Dec) could very likely make double bottoms this ICL.

                                        Click image for larger version

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                                        • #21
                                          . i said again and again back in December that we would say huge technical bounce in January coz monthly 5ma far far up there. so bounce is inevitable. but after that, very likely gonna dive huge again. we are still in bear mkt until proved otherwise. remember this.

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                                          • #22
                                            NYMO:

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

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                                            • #23
                                              NAMO:

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

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                                              • #24
                                                Bitcoin:

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

                                                Comment


                                                • #25
                                                  Home builders:

                                                  https://kimblechartingsolutions.com/...ancial-crisis/

                                                  Comment


                                                  • #26
                                                    Miners:

                                                    https://likesmoneycycletrading.wordpress.com/

                                                    Comment


                                                    • #27
                                                      $USD Daily : #USD nailed my Stochs & put in large green candle today, which I alluded to yesterday. Also mentioned expect 3-4 days of consolidation at 200MA. IF you see multiple hammers at 200MA next few days this is a bottom here (gold confirming...). #DXY $DXY #FX #forex

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                                                      • #28
                                                        $GDX Daily: $GDX fumbling the football badly here My MACD/Stoichs have officially crossed. That’s usually the kiss of death for any asset class... Just as DXY could be potentially putting in a bottom at 200MA too. Reducing risk might not be a bad idea now #Gold #Miners $Gold

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                                                        • #29
                                                          $WTIC Weekly: #WTI next resistance level on weekly is $54.24 now. Next weeks candle should be interesting, stay tuned ... #WTIC $OIL $WTI #crudeoil #oilandgas

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                                                          • #30
                                                            $WTIC Daily: #WTI formed hammer Doji today right up against purple resistance, indicating this can still run up a little bit more. 50MA has not touched yet, but should soon. Upper BB curling also indicates $CL can keep running. $OIL $WTI #Crude $OIL #WTIC

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                                                            • #31
                                                              $USDCHF Daily: #USDCHF saved by the formation today, doesn’t get more textbook than that. DXY fell to 200MA support faster than expected, today’s USD bounce helped this pair out significantly as you can tell. More time needed for longer outlook... #Swiss #Franc #FX #FOREX

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                                                              • #32
                                                                #USDJPY Daily: $USDJPY found soft support today at an old support I did not catch until today. With DXY basing at 200MA potentially, this support may hold for now. MACD/Stochs both curling bullish now from previous LT lows. All depends on DXY ... $JPY #JPY #Yen #FX #FOREX

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                                                                • #33


                                                                  #NATGAS Daily: $NATGAS >......and again Starting to sound like a broken record . Still holding MACD/Stochastics curling in healthy base here. Expect narrow Doji again tomorrow followed by pop after weekend. Gap fill before end of month & back to purple line $UGAZ $DGAZ $UNG

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                                                                  • #34
                                                                    #GOLD Daily (18mo): $GOLD really showing signs of exhaustion as DXY hits 200MA support. 1300 may be the final limit (1295 has held as resistance on closing basis). MACD starting to cross bearish. Few more days for consolidation, any shooting star should be sold #GC #GLD $GLD $GC

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                                                                    • #35
                                                                      $Copper Daily: Doctor #Copper With dollar showing signs of bottoming, HG is under pressure. 13MA & BC rejection yesterday followed by red candle today with Lower BB running out ahead below are all bearish signs. Tomorrow needs to be red to confirm #metals #Commodities $HG

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                                                                      • #36
                                                                        $SPX Weekly (Bear): #SPX now inside target zone. Watch the 13MA level like a hawk for intraday rejection in the next 2-3 trading days. If it breaks then 50MA rejection next. 13MA rejection obviously more bearish of the two scenarios #economy #markets #stocks

                                                                        Comment


                                                                        • #37
                                                                          $SPX Daily: #SPX still aiming for 50MA backtest at top of my yellow circle target zone. That lines up with a Stoichs peak in next 2-3 trading days. Purple TL is key backtest rejection zone $ES rally getting long in the tooth...

                                                                          Comment


                                                                          • #38
                                                                            Slickest Annual Wealth-Transfer from Taxpayers to Banks via the Fed: Fed Paid Banks $38.5 Billion in Interest on “Reserves” in 2018. Normally this would be ironic: The Fed doesn’t need to borrow and so wouldn’t pay interest. But these are not normal times https://wolfstreet.com/2019/01/10/fed-paid-banks-38-5-billion-in-interest-on-reserves-in-2018-slickest-annual-wealth-transfer-from-taxpayers-to-banks/ …

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                                                                            • #39
                                                                              $ES_F $NQ_F after today's reversal, es nq still seen daily mid BB downwards (especially ES), meaning small/medium size investors pushing mkt up while big $$ progressively unload their shares. that's why we see 21-day average cost going down. be VERY careful into next week.

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