Here is GDX holding the parameter we laid out for it in a subscriber update on Oct. 8. Today GDX is declining back to a test of the support zone and the same rule applies as before; that thing needs to hold or new lows would appear likely. The pattern is actually in symmetry with its left side, if you put any weight on the … Continue reading Looks Who’s Holding Firm Amid the Carnage; the Gold Miners
I have only 2 short positions and one of them is NFLX (the other is SMH). I completely blew INGN after identifying it as a valuation pig months ago. I also blew TSLA because I let its big mouth CEO intimidate me. So I have 2 shorts. It is a well established fact that I am not a good short trader when markets are in … Continue reading NFLX Short Working Out, But…
Yesterday we looked at WMT, an old Dinosaur of which I am long (pardon the Gartmanesque language; it annoyed even me). Today another sort of Dinosaur * I’ve been holding for many weeks is making a move. As noted with WMT yesterday, it’ll need volume in order to gain escape velocity. So I hope the Algos are scanning out across the more boring and defensive … Continue reading Another Unexciting One Makes a Move
Stock market bulls are getting dope hammered and that may be just what the contrary bullish * Treasury bond market needs. Here we reside, above the Continuum’s ™ limiter. Everybody run for your lives! The world is ending I tell you!! Except that calmer players will recall that these in-month events can be filled with fury and drama, and then in the span of said … Continue reading Bond Bears Next to Get Clobbered?
Joining Callum Thomas’s Topdown Charts is another macro chart fest now presented at Biiwii.com in the form of The Daily Shot Brief. This will be a daily or near daily presentation of key global macro charts with very little in the way of written explanation. The charts say it all and each one is presented with a line of summary. You’re on the go, and … Continue reading Biiwii Gets a Daily Shot of Macro Charting
