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Wednesday,February 6th.

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  • Wednesday,February 6th.

    $USD Daily: #USD now back to 50MA. Upper BB starting to curl up, just as MACD/Stochs are completing their divergent 2nd higher low. If DXY can close above 50MA tomorrow, could open up the door for an extended rally #DXY $DXY #FX #forex


  • #2
    $EURUSD Daily: #EURUSD did put in divergent 2nd lower high as I suspected. (Cleaned up a previous version of chart to get rid of noise, just prettier). MACD/Stochs potentially forming bearish crosses soon. If orange channel support fails, watch out below #FX #FOREX #Eurozone

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    • #3
      $GDX Daily: $GDX technical breakout continues as it backtested purple TL now as support. However, VBP (on left) shows $23 could be a formidable resistance level. MACD/Stochs also looking very toppy right at purple resistance, clock is ticking down... #Gold #Miners $Gold $GC $GC

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      • #4
        $WTIC Weekly: #WTI so far bearish this week. If tomorrow’s report is bearish, could setup a bearish engulfing candle on the weekly. So far $56 has put up quite a resistance. Still early in week so take with grain of salt, just be aware of it #WTIC $OIL $WTI #crudeoil #oilandgas

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        • #5
          $WTIC Daily: #WTI Upper BB curled down quickly over past 2 trading days. MACD/Stochs starting to roll over along w/ 13MA rolling over right @ 50MA, this could be an early indicator #crudeoil is in trouble here. If BC/purple TL breaks tomorrow = bearish $CL $OIL $WTI $OIL #WTIC

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          • #6
            When this whole crazy technical bounce from Jan is over, many ppl will likely lose all gains and even more as they keep growing acct. Greed without sound strategy never wins you $$, same as offense alone never wins you championship. Most ppl only care about making $, not learning

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            • #7
              Futia:

              http://carlfutia.blogspot.com/

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              • #8
                Fear & greed:

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

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                • #9
                  Crypto:

                  https://finviz.com/crypto.ashx

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                  • #10
                    Resistance remains at 2736-40. Support is 2716.Carl Futia.

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                    • #11
                      Keep in mind if $comp first reach Dec 3 level today, might see very heavy sell-off before taking off again. Know the risk. Don’t assume mkt will keep moving up straight. If you gamble on aggressive OTM calls, get killed fast. Know where to stop before entering a position.

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                      • #12
                        $XAU will test the 230 level before the end of 2020. You heard it here first.

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                        • #13
                          Originally posted by froll61 View Post
                          When this whole crazy technical bounce from Jan is over, many ppl will likely lose all gains and even more as they keep growing acct. Greed without sound strategy never wins you $$, same as offense alone never wins you championship. Most ppl only care about making $, not learning
                          'course, the real question is whether this move up is just a "technical bounce" or whether it's the start of a new uptrend that will carry the market to new all time highs. SPX has now retraced more than 62 percent of the move down. Do you usually get retracements that deep and still have the trend continue the direction it was in before that retracement?

                          Also, we got the Zweig Breadth Thrust during the early part of this move up. That's a pretty reliable indicator for the intermediate term (although the sample size is small).

                          So I'm on the fence regarding the intermediate term trend of the market. I think we will get a pullback soon, but IMO odds have decreased significantly that we will break the Christmas low, or even tag that low in a "retest". And I think at this point the odds favor a much shallower pullback, somewhere between 38 percent and 50 percent of the move up from the Christmas low. So for example, if the pullback starts from here, my target for the end of that pullback would be between roughly 2550 and 2600 SPX.
                          A human being is part of a whole, called by us the ‘Universe’ —a part limited in time and space. He experiences himself, his thoughts, and feelings, as something separated from the rest—a kind of optical delusion of his consciousness. This delusion is a kind of prison for us... Our task must be to free ourselves from this prison by widening our circles of compassion to embrace all living creatures and the whole of nature in its beauty.”--Albert Einstein

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                          • #14
                            Originally posted by Spanky View Post
                            $XAU will test the 230 level before the end of 2020. You heard it here first.
                            You're talking about the XAU that is now at 76? Going to 230 by the end of 2020?
                            A human being is part of a whole, called by us the ‘Universe’ —a part limited in time and space. He experiences himself, his thoughts, and feelings, as something separated from the rest—a kind of optical delusion of his consciousness. This delusion is a kind of prison for us... Our task must be to free ourselves from this prison by widening our circles of compassion to embrace all living creatures and the whole of nature in its beauty.”--Albert Einstein

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                            • #15
                              Originally posted by Spanky View Post
                              $XAU will test the 230 level before the end of 2020. You heard it here first.

                              Comment


                              • #16
                                Very interesting as $VIX and $VVIX:$VIX pusing against bollenger bands $SPX.



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                                • #17
                                  Microcap PMs / Explorers

                                  STILL NO volume in most (99%) of this sub sector.

                                  Dead !

                                  Where is the speculative money?

                                  Where is the Hot money ?

                                  Back in the day ( the 2000s …) The Gold Minds all agreed that Majors and Mid tiers move before the little penny stocks in a sustainabull . Note the micro caps moved hard right from the get go in 2016…and that fizzled badly.

                                  Maybe its very early in the new Bull.

                                  Everybody dreams of 100 baggers …and that only happens in the micro caps 5 cents to 5 dollars type of thing.

                                  But you have to be nimble and don’t overstay.

                                  This time around I am focusing on the middle range and majors .

                                  Par example


                                  Look at this FNV has Doubled since Gold hit $1900 ! While Gold has lost 33%



                                  And the FNV:GLD ratio has TRIPLED



                                  What a stock …looks like it never believed in the Gold Bear Thesis.

                                  Good luck all. Stay focused ! This market can bite !FULLGOLDCROWN

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                                  • #18
                                    https://allstarcharts.com/goldbugs-have-their-day/ Gold Bugs.

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                                    • #19
                                      J.C. Parets‏ @allstarcharts
                                      FollowingFollowing @allstarcharts

                                      More
                                      for all you 200 day moving average experts (so many of you all of a sudden), see how Semi's are reacting to this "resistance", as you call it. That should be a good tell as to how the rest of the market will react to this invisible line $SMH $SOX $SPX $DJIA

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                                      • #20

                                        IOW China understands that the dollar has already been hyperinflated, but this hyperinflation has been prevented from manifesting and commodity & gold prices by a hyperinflation in USD paper claims on commodities and gold. China is simply calling bullsh*t & buying the underlying

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                                        • #21
                                          A rally with no flows. DB: "15% Up But Not A Dollar Into Equity"

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                                          • #22

                                            $GS Daily & Weekly: #GS topped exactly in my orange target circle. Since then the BC has held for the last 4 weeks on closing basis. With Daily forming red inverted hammer at intersection of key support/resistance, this may be it for GS


                                            Last edited by froll61; 02-06-2019, 03:37 PM.

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                                            • #23
                                              $GDX Daily: $GDX uh oohh, rolling over even faster than expected via red inverted hammer, 22.75 might be the max. MACD/Stochs not looking healthy. If purple TL and/or 13MA fail by Friday, May be time to get out now... #Gold #Miners $Gold $GC $GC

                                              Last edited by froll61; 02-06-2019, 03:41 PM.

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                                              • #24
                                                Monthly $VIX : FWIW #VIX monthly at two key supports (50MA & BC). A bounce from here back above 13MA would not be good for equities medium term $SPX #SPX

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                                                • #25
                                                  #GOOGL Daily: $GOOGL did breakout past 200MA (earnings), however clock is running down on bull move at it hits purple TL. MACD/Stochs both in their final thrust up. Once yellow bull channel support & Stochs magenta fail, should flush hard. $GOOG #GOOG #tech $FANG $FANGS

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                                                  • #26
                                                    $XLF Daily: #XLF final resistance TL & 200MA still holding. Today’s red inverted hammer ominous. MACD/Stochs both rolling over. XLF called the recent market bottom, let’s see if it calls the next top... #financials #banks

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                                                    • #27
                                                      $XLE Daily: #XLE broke our past purple TL, however, rising wedge getting very narrow & MACD/Stochs are running out of time. Once Magenta support fails on Stochs, you know the drill... ironically enough crude rally running out of gas $OIL #oilandgas #crudeoil

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                                                      • #28
                                                        $XLRE Daily: #XLRE now facing resistance... topping wedge resistance TO could be in effect here... need to wait until Friday for confirmation #RealEstate

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                                                        • #29
                                                          $TSLA Daily: #TSLA reaches red target zone ones already, a 2nd retest of this level is still on the table *IF* #tesla reverses here & drops back below 13MA. Also, 50MA getting dangerously close to 200MA...

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                                                          • #30
                                                            NYMO:

                                                            https://stockcharts.com/freecharts/gallery.html?%24NYMO
                                                            Last edited by Jim; 02-06-2019, 06:50 PM.

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                                                            • #31
                                                              NAMO:

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

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                                                              • #32
                                                                Bitcoin:

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

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                                                                • #33
                                                                  NASDAQ 100:

                                                                  https://kimblechartingsolutions.com/...-breaks-rally/

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