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  • Monday ,6th of May

    Futures are deep red,Gold is down 2$,oil is down 0.7%. /ES above 2909 will be 2916 2926 or even 2932.... but that would need a big catalyst now like favorable response from China....

  • #2
    Got a few 187 $10 May QQQ CALLS at the open.

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    • #3
      Resistance above the market failed Friday, but yesterday's trade war news dropped the ES 50 points. Support today is in the 2875-80 zone. Resistance is at 2916 and if this fails a swing up to and past 2961 will probably follow.Carl Futia.

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      • #4
        Like the action in $IWM here.... broke out nicely on Friday, retested and reversing off support.Traderstewie.

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        • #5
          GCC large gap down this morning. Retesting multiyear lows.

          Do commodities break to new 50+ year lows? Would an undercut low set up THE bottom? I don't know, but the carnage has to stop somewhere. At least for a decent counter trend rally that puts some honesty back in short sellers. The commodity sector since 2011 has been an absolute nightmare in real and nominal terms.

          Pessimistically, I have seen that commodities like 10 year cycles. So it may be until 2020 or 2021 until we see a large rally. So even if an absolute low is struck this year, it could be a real slog for commodities for some time yet.

          Base or continuation pattern? The Ichimoku cloud is ominous for sure, at least until late 2019.


          Click image for larger version  Name:	Screenshot_2019-05-06 GCC - WisdomTree Continuous Commodity Index Fund.png Views:	1 Size:	70.8 KB ID:	392521

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          • #6
            Futia:

            http://carlfutia.blogspot.com/

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            • #7
              Fear & greed:

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

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              • #8
                A current Bitcoin price:

                https://www.google.com/search?q=bitc...hrome&ie=UTF-8

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                • #9
                  Bob Loukas‏ @BobLoukas
                  FollowingFollowing @BobLoukas

                  More
                  #bitcoin working on 4th straight Green Monthly candle. That only occurs in the heart of a bull market. 3 green candles are locked in. We've never seen that in a bear market. I bet we close May red, and that would tell me we're in accumulation phase of the next bull. $BTC

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                  • #10
                    Peter Brandt‏Verified account @PeterLBrandt
                    FollowingFollowing @PeterLBrandt

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                    Just an opinion -- there is a chance $BTC is topping here, having met its price target at key resistance. A correction could occur before another move toward 6500, then a more significant correction.

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                    • #11
                      USD:

                      https://twitter.com/AdamMancini4/sta...37695105347585

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                      • #12
                        Daily $TNX : 10YR #Treasury #Bonds Wow look at that reversal! Adjusted colors for more visibility. Purple channel resistance clearly ironclad. Lower BB now rolling over. Yields going lower $ZN #TLT #bond #yields #USD #TNX

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                        • #13
                          #Boeing Daily: $BA adjusted VBP, Boeing now in serious trouble, on the ropes at final support. MACD/Stochs now recrossing magenta supports bearish again. If magenta does not hold support here, we now know which catalyst will cause 2nd VIX spike... #BA #Dow #737MAX $boeing

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                          • #14


                            $SPX MACRO: Monthly #SPX the location of last months market peak was NOT a coincidence... backtested a major TL (now as resistance). For the record bottom on this chart is 2009 March bottom. Purple boundaries have held. Risk/Reward to the downside here. #SP500 #SPX $ES #economy

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                            • #15


                              $VIX Weekly: #VIX like clockwork... moves like this don’t get more textbook than this... This is the first major Vol spike I had been warning about for over a week, there will be a lull in between the two, then a much larger 2nd shock. Be patient #volatility $TVIX #TVIX

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                              • #16
                                Possible a week or little longer you expect for the larger 2nd shock.

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                                • #17
                                  VIX:

                                  https://twitter.com/AdamMancini4/sta...64939274088448

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                                  • #18
                                    IWM(midcap) goes positive for now,lots of strength in the market i guess.

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                                    • #19
                                      Bob Loukas‏ @BobLoukas
                                      FollowingFollowing @BobLoukas

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                                      I think #crude oil is a long here on a new Cycle idea. #Stocks might be in same boat.

                                      Comment


                                      • #20
                                        /Es reaching 2926.... but 2932 could be very hard to hike over.... still be very careful into end of day

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                                        • #21

                                          on Rambus Weekend Report
                                          In this Weekend Report I’m going to follow up from the Late Friday Night Charts, with some long term charts for gold and the HUI that were made literally years ago. These long term charts are important because they were made when the psychology of the PM complex was very different from what it is today, or is it? We know 100% for sure that the PM complex topped out in 2011 with silver putting in its bull market high in April with gold and the HUI putting in their final bull market high in September. It doesn’t seem possible but that was eight years ago already. Let that sink in for a minute.

                                          During this eight year bear market there has only been one bright spot which was the eight month rally from January 2016 low to August of 2016 high. The rest of the time the PM complex has been trading sideways to down making very little progress to the upside. This type of slow steady grind to the downside eats away at investors emotions to the point where they will believe anything to end their frustration that began at the bear market top. It’s been eight long years and a bottom should be close at hand because that is long enough for a bear market they believe.

                                          The markets don’t care what I believe or anyone else for that matter. It’s our belief system that gets us into trouble. How can the US stock markets keep going up when there are so many reasons it can’t keep going up, but the stock markets don’t care about what we believe. How can the PM complex keep going down in the face of all the negative reasons the world is coming to an end any day now. The markets makes absolutely no sense to most investors. This has to be, in order to have markets to trade.

                                          Once everyone finally gets on the same page, at the end of a bull market or the beginning of a bear market, the markets will do their best to confound the masses. I say that like the markets are a living and breathing entity which in fact they are. The markets are made up of millions of investors each with their own agenda on how to make a killing. It’s the herd mentality that most of us think we are immune to but in reality we are all part of the herd whether we like it or not. Thinking outside the box is very difficult to do but it is mandatory if we are going to have any chance to be successful at playing one of the most difficult games on the planet to win.

                                          This first chart tonight is a 20 year weekly look at gold which shows its extraordinary bull market that began in 2001 and ended ten years later in 2011. During the bull market years I called this chart, “just another brick in the wall.” I often said during the bull market that investors will be studying this bull many years in the future just like we study the stock market crash in 1929. That ten year bull market in gold was a thing of beauty with one consolidation pattern forming on top of the previous one. There were big consolidation patterns along with very small ones as shown by the green triangles that formed in the middle of almost every impulse move higher. There were also many measured moves that worked out very well.

                                          If Rambus Chartology had been up and going during the bull market years you would have known that I was one of the biggest promoters of that bull market based on the Chartology. Outside of the 2008 correction the ten year bull market made a series of higher highs and higher lows, one consolidation pattern forming on top of the previous one, which by definition a true bull market.

                                          That beautiful bull market came to an abrupt end in September of 2011 after putting in a spike high. From that spike high gold had its first initial decline in its new bear market falling almost 400 points before finding support. From that first reversal point, in what turned out to be a six point rectangle consolation pattern, gold chopped sideways in a tight trading range and finally broke the bottom rail signaling the new bear market was alive and well. The breakout below the bottom rail of the blue rectangle coincided with the 2013 crash which caught most investors off guard. There were cries of manipulation, how could it be anything else. The Chartology was looking for a breakout below the bottom rail as the rectangle was forming below the 2011 high, which was strongly suggesting a new bear market was being born. As you can see there was a backtest to the bottom rail which confirmed the rectangle was a consolation pattern and ushered in the new bear market in no uncertain terms.



                                          Next I would like to show you a variation of the same trading zone with this first chart showing you the possible bullish setup. We’ve been following this potential multi year H&S consolidation pattern for a long time now but the price action refuses to breakout above the neckline. It would be a very bullish situation if gold finally breaks out of this multi year trading range.

                                          Complete Comprehensive Chartology of Gold and Gold Stocks …for members

                                          https://rambus1.com/2019/05/05/weekend-report-180/

                                          There is a most incredible chart at the end of this report….without giving away the particulars it has something to do with 38.9% !

                                          wow Rambus !

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                                          • #22
                                            See YOU in September

                                            Fullgoldcrown
                                            For Symmetry Lovers


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                                            • #23
                                              Gold as Money again- officially

                                              Bikoo99.
                                              It is classified as Tier I asset and can be counted as CB’s reserve along with Dollar.
                                              This is news to me.

                                              All CB’s are buying gold except US has sold out its gold.
                                              ———————————————————————————–

                                              Gold Has Become Money Again
                                              Fittingly, gold is an alternative to the dollar. In the past, it has been a protector or hedge against
                                              the debasement of currency, because it is less susceptible to government manipulation. Last year,
                                              central banks purchased a near record 23 million ounces, becoming the world’s largest buyer,
                                              adding to their reserves at the highest pace in 50 years. Central banks keep dollars in reserve but
                                              under the new Basel III standard, gold has taken on more importance and can be today valued the
                                              same as dollars. Basel III returns gold as a meaningful reserve asset whereby, gold is now risk
                                              weighted as a Tier I asset as part of total reserves. Thus, gold reserves held on central banks’
                                              balance sheet can be valued at 100 percent allowing them to increase their liquidity and revalue
                                              their balance sheets upward. Gold has become money again.

                                              https://www.gold-eagle.com/article/s...tier-1-capital

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                                              • #24
                                                Bullish engulfing candle in $IWM here

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                                                • #25
                                                  $USD Daily: #USD black candle closed below 13MA. MACD crossed bearish, Stochs crossed magenta support. A break of BC Tues/Weds will confirm more downside. Break of 50MA support will cause flush straight to 200MA/Green TL. #DXY $DXY #FX #forex #dollar

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                                                  • #26
                                                    $USDCHF Daily: #USDCHF blue resistance still holding as is 13MA support. Tight price action will break soon. Red arrow added for scenario if BC fails (I suspect will). Stochs crossed bearish, MACD about to cross. If DXY weakens more will drag pair down #FOREX #Swiss #Franc #FX

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                                                    • #27
                                                      $USDCAD Daily: #USDCAD horizontal orange TL resistance still holding. Stochs crossed bearish, MACD not yet but showing signs of weakness. Added red arrow mapping out potential bearish scenario if my suspected DXY weakness continues. Waiting for 13/50MA conf. #FX #FOREX #CAD $CAD

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                                                      • #28
                                                        $EURUSD Daily: #EURUSD strong base continuing to build pressure. Must close above 13MA tomorrow to confirm bullish breakout. Stochs healthy & MACD crossing bullish. To reach target must break 50MA by Friday. So far so good, but want to see BB curl up. #EURO #FX #FOREX $EUR

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                                                        • #29


                                                          $WTIC Daily: #WTI hahahahaha... sometimes I even scare myself Tall topping tail hammer overnight off light purple TL / 200MA exactly as I stated (bear trap) Regained light blue TL closing basis. Expect choppy drift higher from here for 1-2wks. $CL $OIL $WTI #WTIC #OPEC

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                                                          • #30
                                                            $SOYB Weekly: #SOYB Booom! Nailed Blue TL perfectly ~ 820. Did not even adjust the TL . This is most likley a base given the extreme Lower BB overshoot. (Retweet for more Soy charts, or will prob discontinue after this post) #SOY #Soybeans #tradewars #trade #tariffs

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                                                            • #31
                                                              #SILVER Daily: $SILVER finally broke out from descending narrowing wedge & backtested previous Blue TL ~14.90. Powerful Stochs base forming here as long as DXY descent continues (Wow, Retweets broke my RT record, did not realize that much #SIL demand ) #SLV $SLV $SIL

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                                                              • #32
                                                                #GOLD Daily: $GOLD further confirmation Gold carving in a base here. Closed basis back above 13MA & tested BCintraday. A close above BC tomorrow should set it off to the races #GDX $GC #GC #GLD $GLD

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                                                                • #33
                                                                  #Corn Daily: Corn had heck of a day, closing above BC. DXY topping should be supportive, another bullish sign if 13MA can be regained tomorrow. Symmetric triangle getting tight (Msg loud & clear, more corn charts , thx for retweeting) #Agriculture #AgTwitter #ethanol #farming

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                                                                  • #34
                                                                    $Copper Daily: Doctor #Copper finally found a base at 200SMA (gold TL), thanks in large part to DXY finally topping out. It backtested magenta TL today as resistance but do not expect resistance to hold. Stochs have bottomed & MACD follow soon as well #metals #Commodities $HG

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                                                                    • #35
                                                                      NYMO:

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

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                                                                      • #36
                                                                        NAMO:

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

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                                                                        • #37
                                                                          Bitcoin:

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

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                                                                          • #38
                                                                            Stocks:

                                                                            https://likesmoneycycletrading.wordpress.com/https://likesmoneycycletrading.wordpress.com/

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