If you can't see a rising contracting wedge, and price struggling near the top - and if you don't know what that means, why are you trading a live account? Did I say there was a guarantee of anything? Did I predict anything? I did NOT!.
Disclaimer: This is not an encouragement to trade securities or alter anyone's open positions. If you lose your money, kindly...
Yep - the algos play out the addicitons of their masters to cheap money: low interest rates, REPO pumping, and the implicit guarantee from the FED. But an itty bitty virus that disrespects world leaders, has everybody flummoxed and reaching for safe havens.
In this screencast I show a bit of algo action and some smaller time frame trends which can last for over...
Man and Money won round one over the virus, propping up markets world wide for short time. The skirmish was one by flooding the markets with cheap money and other means of boosting sentiment.
But shortly after round one, the markets began to burn down. A great jobs report in the USA was ignored. A minor 10 min blip north then the markets went south after...
News of one person in the USA being struck my a Chinese coronavirus, cause the markets to retreat on a northward charge. Only some 200+ points. Not much but it is significant.
The DJI is highly overpriced at the moment for a whole load of reasons, and it's very twitchy. The fact that the markets reacted to this story at all shows the twitchiness. It's just one...
Central banks around the world are coordinating in a last stand to prevent global meltdown. So - they're about to decide massive liquidity injections into 'their economies'. China, the USA, Singapore are already on board. Expect Germany to follow cuz the German economy is on the brink of a recession.
What this could mean is a number of things:
1. The punters...
A 'black swan' event is something out of the blue - that creates systemic risk. The 2019-nCOV (virus) is potentially one such thing.
The markets have not been prepared for this - at all. Could it be the pinprick that pops the 'tech bubble' that influences markets globally?
The shock waves of this itty bitty virus are totally unexpected. I go into some price...
Get ready! There are only two directions for price; UP or DOWN. In this screencast I show why the zone around 29000 could be the most important. See the broadening wedge. Price could go either way.
If you believe that the FED and Mr Trump is gonna save the world, go long at 29000. If you believe a crash is coming take a short. If you believe 29 is a prime number...
I go through a number of time frames and explore the price action and probabilities.
No predictions, No recommendations. I'm short on this market at this time.
Disclaimer: Your losses are your own. This means you sue yourself if you lose your money.
The DJI was dented significantly over night by three main events:
1. Trouble in Iran.
2. China - withdrawing some companies from the LSE
3. North Korea - powering up to cause America a headache.
There was panic selling in the middle of the night which started with the news on Iran.
Important trend lines up to 2 hourly were penetrated.
Could this be the...
The DJI, S&P500, Australia200 and the DAX all went wild today.
No predictions in here. This is just the big picture of the daily time frame.
I have to say that I am totally surprised by the DJI pump north. This markets is highly overvalued something like 17-19 times that of fair value for stocks comprising it. I won't go on much longer about that, we've seen...
Recorded from my laptop in a lunch break - so turn your speakers right up.
I'm stalking the DJI carefully for any sign action. This is a market built on hope and false confidence. It can't go on forever.
Disclaimer: This is speculative opinion - not advice. If you trade this market and lose your money, kindly sue yourself.
#WTI for next week is looking good for continuation. After a sell off on Wednesday and us catching 80 pips of the move. Oil recovered pretty much instantly and recovered the whole move with more the day after. Moving on to Thursday where we made new highs for the month. Some small selling on Friday. Which is typical, but, if levels shown above are held. I would...
In this screencast I explore the importance of the 4H ATR trend line in association with SqM switches. This is about taking early notice of areas where stuff may happen.
The future hasn't been written as yet, and I don't do predictions. What I see is the chance of a 4H trend weakening, based on the historical a patterns of the DJI.
If the 4H ATR flattens...
This is an update on the biggest bull run in history.
Watch out - the DJI could head for the moon, or hesitate (consolidate), or fall grudgingly before charging north or south. Eh? Like some people might have wanted me to make a commitment. I'm not doing it, cuz the whole thing is extremely ridiculous. LOL!
Right - so this is only about possibilities and...
The DJI is approaching an all time high of about 278400. This market has become pretty volatile mostly at 30 - 50 minute charts.
Although the DJI is pushing north madly, it is a market that is being moth eaten. It's instability is likened to a Jenga tower. The instability is also seen in trend switches down to the 5 minute level.