2016 Tweets by Bob
03/06/17 . . . by Bob Karrow
- My charts consist of all the items that Paul Desmond warned about in his paper, “The Warning Signs Of Major Market Tops”, which you can find at the following link
WAVE COUNTS
- If you aren’t familiar with my unorthodox wave counting method, there is a simple explanation at the beginning of the glossary. The glossary also contains lots of other details (explanations) that don’t appear in the blog.
TWEETS
- A lot of visitors to my blog are looking for information on T-Theory ®. The below link will take you to the index of all of Terry’s comments during the period Dec 2003 to June 2011. There are a considerable amount of charts and audio material from Terry Laundry in this section.
- If you are looking for the ability to make your own predictions using T-THEORY ®, I would highly recommend Terry’s Encyclopedia on T-THEORY ®
- Order the T Theory® Encyclopedia from Paula
EDSON GOULD
Dec 2016 – 193 TWEETS
@metasyntrading I use lots of different time frames, hoping to find clarity in one time that tells the correct story.
I’m referring to the correction after 3 in a 5 step up. After 5 would occur the larger correction. When channel broken, larger correction twitter.com/Stock_Trend_Ch…
You can think of bottoms characterized as breakouts (fast) and tops are breakdowns (slow)
A simple buy/sell indicator. It must be ignored during a horizontal or trendless market as many whipsaw signals are generated pic.twitter.com/DlipPIs3jM
Note size & time of the correction after white 2 ended. If we subdivide (5 steps up), correction will not be as long as after white step 2 pic.twitter.com/bMOxIjkmpb
Where are we at in the correction? Probably in step 2 down, meaning there is more to go pic.twipic.twipic.twitter.com/vuJ0JznAUD
Unless this bull market since 2009 subdivides like the 1990s, cyan 5 should be the last move in this bull run, but things will & do change
Perspective Cyan step 4 consists of 3 white steps, will cyan 4 subdivide into 5 white steps, or larger correction followed by cyan 5 up pic.twitter.com/5ibpop4nTx
Globalization under siege Globalization has successfully exported USA wealth to former 3rd world countries pic.twipic.twipic.twipic.twitter.com/OZ4yjb6VTi
Daily SPX chart shows 2 step up, 1st chart 60 minute SPX chart shows 3 step up, 2nd chart Going with step 3 up, camouflaged in daily chart pic.twipic.twitter.com/9LCGSEtxGh
Just when I declared we are in step 2 up . . . I’ve changed my mind to step 3 up. Guess I’m a wishy washy dummy, but more in next tweet pic.twipic.twitter.com/eJkwI3ClT9
LONG TERM = STEP 4 2009 SHORT TERM = STEP 3 REVERSAL Best Market Tweets tinyurl.com/zreg4ko Wave Count tinyurl.com/jejft9u
4 Russell indexes, 2 show we have had 3 steps up and 2 say we are in step 2. Most charts show 2 steps up, so I have decided we are in 2 up pic.twipic.twipic.twipic.twitter.com/fpCNaZNGKw
This indicator will give whip saw buy and sell notices during a non-trending market, which has been prevalent since 12/14 pic.twitter.com/AjehhKu1QJ
This particular indicator gave its first sell since before election day (Nov 4) Don’t know if this wave count is correct, could be ending 2? pic.twitter.com/tL35q15kLB
“If Santa Fails to Call the Bears Will Roam on Broad and Wall”
Bought 2004 Screamin’ Demon from Terry Schroeder few years ago. This article on the car appeared in Nov 2012 “Muscles Mustangs & Fast Fords” pic.twipic.twipic.twitter.com/10xXCG0ia2
’68 Charger Not my Charger pics, 1st picture is best rendition of the exterior green color except top is black, 2nd pic has green landau top pic.twipic.twipic.twipic.twitter.com/tBIpvknN2v
My Dodge Charger R/T had dark green interior, black bumblebee stripes Prior to my 2004 Mustang Cobra, Charger was the faster car I had owned
I had 1968 Charger, ordered from the factory with all the goodies, green metallic exterior & dark green vinyl top streetmusclemag.com/news/street-fe…
Waiting for small step 3 since election Since election, green dots have been continuous, only turning red during correction after step 1 pic.twitter.com/M0vHcYjwNF
May the Force always be with you twitter.com/TwitterMoments…
LONG TERM = STEP 4 2009 SHORT TERM = STEP 2 or 3 REVERSAL Best Market Tweets tinyurl.com/zreg4ko Wave Count tinyurl.com/jejft9u
Mike Burk The good news is: • We are in one of the seasonally strongest periods of the year. 😃…arketobservations.files.wordpress.com/2016/12/techni…0
@wekim77 His envelopes were akin to Keltner envelopes
Expectedly a boring day, cuz there is nobody left on Wall St today, just the junior traders, whose mission is to not screw up anything
@Sightse61449546 @agunnforbes Terry’s work from 2004 to 2011 in MY BLOG tinyurl.com/zrjlhlc That certainly doesn’t make my calcs correct
@Sightse61449546 @agunnforbes I don’t draw Ts. I have 3 lines, 1st represents beginning of T, 2nd is midpoint, 3rd is end of T.
Pitchfork limiting upper area of highs in the SP500 Points used were 2003 bottom, 2007 peak, 2009 low pic.twitter.com/KZUmdzoiZ1
The NORMAL expectation is that the index shouldn’t CLOSE outside the envelope for more than 3 days pic.twitter.com/1HCNfY1bBQ
Risk on or risk off Ratio of high beta to low beta pic.twitter.com/QAaTKvSe0V
An interesting indicator Supposition is that the health of overall market is clearer with equal weight SP500 (SPXEW) than the weighted SPX pic.twitter.com/iqwxgX0Nes
T Theory © posts for Jan 2017 possible peak Green midpoint average of 2 bottoms Lotsa Terry Laundry stuff at my blog tinyurl.com/zrjlhlcpic.twipic.twitter.com/TgSVNOnq55
Gonna watch for divergence on the next rally PAGE 1 CHART 5 – – PERCENTAGE ABOVE 50 DAY MOVING AVERAGE – – INTERMEDIATE TERM – DIVERGENCES pic.twitter.com/d8NvEjdzSe
Good indicator of when problems are evolving. pic.twitter.com/9KJ5Dfx4TC
I did the same thing in 1982 & got a hefty price reduction cuz no one was buying houses. Naturally I refinanced as rates went down twitter.com/PeterLBrandt/s…
Incorporated (TV series) had a clip showing starving Americans & for only a few Yuan per month you can feed an American child Pretty funny
Sentiment is relative, often times going to extremes never seen. It’s never a this is it situation. and THE TREND IS always YOUR FRIEND twitter.com/dailydirtnap/s…
Early baby boomer, I have lived thru worse than this. For instance, Oct 1982 was kinda frightening as both sides were squaring off for war twitter.com/sarahkendzior/…
Under Obama the US has quietly modernized its nuclear arsenal and delivery systems. This will continue thru 2024armscontrol.org/factsheets/USN… twitter.com/keithboykin/st…
@JustSignals If the left side of a signal isn’t off the chart, left center & right in the SAME COLOR show all of the post points.
The crowd thinks this is the right time to buy stocks?? Buy the dip, throw your savings into the stock market – you can’t possible go wrong. pic.twitter.com/IXOU0dxvUZ
FAANGS can’t muster anything better than a double top. The stars of this market have no glamour left. In the past this has signaled problems pic.twitter.com/TQ8hVcViW4
If I’ve done this right, T-Theory © has a possible peak set for early in January 2017 pic.twitter.com/Nui2KcQGBq
Double tops abound in the different cap indexes, from small cap to SP1500 pic.twitter.com/kLJBfuxAYZ
Russell micro caps made a new high recently, while the Russell small caps have been in a correction since 12/9 pic.twipic.twitter.com/geo3xBZyIE
@DavidLentz9 Perspective on where we are since 2009 and the present, monthly and weekly charts pic.twipic.twitter.com/MEGrRXUmRc
If present decline makes a higher low will signal beginning of step 3 up since early Nov, I have distrusted step 1 label since early Nov low pic.twitter.com/7wtowmefuw
If the present decline makes a lower low, we will be in step 2 down since 12/13 peak pic.twitter.com/8vP3bRVmcu
Lotsa people won’t be trading after today as they take a LONG weekend
John Murphy STOCK RALLY REMAINS STRETCHED AVERAGE DIRECTIONAL INDEX FOR DOW SIGNALS RALLY IS VULNERABLE TRUE FOR OTHER MARKET LEADERS
Extreme ADX, usually means that after a correction, we should still see higher prices after the correction. Not engraved in stone but close pic.twitter.com/7GCQyluK9o
A conventional parameter fast stochastic buy sell signals, not as good as the previous stochastic chart pic.twitter.com/JoWe5Rt5t6
This buy sell signal chart is based on stochastics and had a buy signal on Nov 7 and still is bullish Wave count illustrated is likely wrong pic.twitter.com/VN4WTK7Ifc
Flipped over into buy mode today, not surprising since we’re in a horizontal correction, flip flops take place all the time when trendlesss pic.twitter.com/v4KRuoaCCI
Fibonacci radials on Russell small cap (RUT), looks valid pic.twitter.com/lJRnqPkabd
Longer view of NASDAQ 100 with overhead resistance pic.twitter.com/MfeR8YYAjX
NASDAQ 100 futures with a declining trend line pic.twitter.com/Jzi70gU1eJ
Art Cashin Volumes may shrink as holidays near. Stay wary, alert and very, very nimble.
So, what are you getting yourself for Christmas??? I bought a new shed so I have someplace to put my toys.
What Dow 20,000 means for stock-market investors nothing
Fibonacci radial and a trend channel in yellow, overhead resistance line in white pic.twitter.com/0bY6nUEAsc
This indicator flashed a sell today, but that could change with a stronger close First sell since election day pic.twitter.com/LYPedxZooI
Small and micro caps are doing relatively better today 1st screenshot was earlier today 2nd screenshot is current pic.twipic.twitter.com/hBREut9sZ6
Mate at a broker just sent me this. How’s that for a crap start to Xmas 😭 this trader must be in tears.pic.twitter.com/MH3uCtnjQXX
IMF Head Christine Lagarde Convicted in French Negligence Trial Christine is a very smart & savvy economist, Always liked her & still will
SP500 futures were at the top edge of the envelope recently, declining away from peak at a slow sideways movement pic.twitter.com/OKCulC4B1f
1st chart – Flip flop of signals 2nd chart – A sell signal several days ago No real gain on a short sale at this time, seasonality is strong pic.twipic.twitter.com/HMrAuOgddQ
Nothing to add that hasn’t been posted recently and the summation post at the top of my tweets
LONG TERM = STEP 4 2009 SHORT TERM = STEP 3 REVERSAL Best Stock Market Tweets tinyurl.com/zreg4ko Wave Count tinyurl.com/jejft9u
Mike Burk Seasonality is really the only story. For the next 2 weeks the market should drift upward on low volume. …arketobservations.files.wordpress.com/2016/12/techni…
Dow traded at a new high Thursday yet a lot of issues actually hit new lows; similar signals in the past have boded poorly for stocks D Lyon
I’m gonna stick with my correction prediction even though we might have some more rally before the real decline sets in. pic.twipic.twitter.com/o10idmrE18
DMI is still showing a decline is still in the cards. There “might” be a 3rd bump in the DMI index indicating their final 3rd step pic.twipic.twitter.com/opW9q65r93
This indicator hasn’t flipped over. Maybe the only one that is flipped out is me. pic.twitter.com/5QiCIuifg3
Small and micro caps are leading the charge today pic.twitter.com/ZH2VVHrdwg
Cable internet has been out since early this morning until a few minutes ago
2009-2011 labeled large steps 1 & 2, but some indicators show possibility step 2 should really only be step 1. Weird thought?? No worry now!
Russell small cap index shows the possible wave count pic.twitter.com/08SSgPncW1
Step 3 in cyan 4 is over cuz I THINK it’s over, but I don’t have enough evidence that it’s finished. It’s a prediction vs. absolute evidence
Russell small cap index shows the possible wave count pic.twitter.com/08SSgPncW1
LONG TERM = STEP #4 2009 SHORT TERM = STEP 3 with REVERSAL Wave Counting tinyurl.com/jejft9u Comments tinyurl.com/zreg4ko
No sell signal on this indicator, but last time it gave a sell, it lasted only 3 days pic.twitter.com/ZzIv84Tyjf
@DavidLentz9 Just posted this chart . . . great minds think alike
One possible way of looking at the value line geometric index. Kinda bearish outlook from this view point pic.twitter.com/mGDOizZ3uR
Here is my chart of the value line geometric index since 1996, notice how the peak in 2000 appears on this chart pic.twitter.com/nSt4F3E8cD
I put a lot of decision making into the Value Line Geo. index toojlfmi.tumblr.com/post/154471538…
After attempt to rally back to old highs failed, a smaller rally attempt was made & was met quickly by a selling wave taking it to new lows pic.twitter.com/TsqqYIvMGG
IF this is the end of cyan 4, how long will the decline last? If cyan 4 is followed by cyan 5, the decline will last weeks instead of days
Confirmation of a decline, a rally with lower high and then another decline below prior low pic.twitter.com/L5AmIbFByP
Gotta see a lower low than the Tues SPX low Small caps are falling while large caps are rising after initial decline pic.twitter.com/yXJw53smGw
LONG TERM = STEP #4 SHORT TERM = STEP 3 with REVERSAL warning Wave Counting tinyurl.com/jejft9u Comments tinyurl.com/zreg4ko
This is what I’m seeing presently, a probable 3 step down is underway after completing a 3 step up since 11/9 & since 12/4 pic.twipic.twitter.com/7mdlxLXNGT
@DavidLentz9 Never thought you were calling me out, I often don’t make myself clear. Retweeted statement in question and corrected myself
Small cap in 4th step down from 12/9/16 high, more to go on the downside before it’s done. Makes you think if true, lg caps will correct too pic.twitter.com/Tku7KNyQ71
This tweet is for WHEN cyan 4 actually ends twitter.com/Stock_Trend_Ch…
@DavidLentz9 But yes I am suggesting that the market may be ending cyan 4, BUT after a correction it could carry on in cyan 4 substep 4???
@DavidLentz9 Never confirmation until market does it, until then suggest there is a “possibility”, some are off the wall & others mainstream
End of cyan 4, correction If all is OK, not below Halloween low If all is weaker & still OK, not below June low All is not OK, below Feb low
Since 2009 STEP 3 lasted from 10/2011 to 5/2015 If STEP 4 lasts as long as STEPS 1 & 2 It should end soon pic.twipic.twitter.com/29JqUbeTYN
When Trump Meets Tech Leaders, Jobs Will Be on the Agenda & anything else Trump wants to talk about like taxing tech company offshore money
Before FED announcement, large cap declines are non-existent while small & micro caps are down about .75% pic.twitter.com/Ok5ZWie93D
Kennedy’s steel price speech rattled Wall St. At the time steel was the dominant US industry Trump on big Pharma prices produces nothing pic.twitter.com/6RsLHePnO5
The Federalist Papers exhibit a great fear of democracy. I always took those passages literally but not too seriously. I do now. pic.twitter.com/EeQ7GdGmf2
60% BULLS 19% BEARS Don’t see this everyday twitter.com/TN/status/8090…
@wekim77 Lows are at higher figure than what we’ve seen since Feb. It sticks out because we’re rising rapidly, indicating possible decline
@wekim77 I’ve been looking for a top of some type soon, we’re in step 3 so lots COULD happen.
@wekim77 I laughed (out loud) when I read your question, it hit me as pretty funny.
If peak comes on Wed expect price run up to new highs, a reversal that declines & closes negative for the day. Classic if it occurs this way
put/call ratio seems to pinpoint next few days as a peak of some type. If not, then there is a deeper plunge in the P/C ratio still to come
LONG TERM = STEP #4 SHORT TERM = STEP 3 UP – reversal warning Wave Counting tinyurl.com/jejft9u Comments tinyurl.com/zreg4ko
Put / Call ratio is significantly in the sell zone and with today’s plunge in the ratio, we seem to be very close to the DAY of the reversal pic.twitter.com/yYMH8xj2ZW
Small cap problems??? jlfmi.tumblr.com/post/154425647…
Maybe I should start eating better? OR Since I’m alreday old, I’m gonna eat everything I enjoy & let the doc keep putting stents in my heart pic.twitter.com/VkmaPHM0wi
Fast cars and trucks hennesseyperformance.com/vehicles/henne…pic.twitter.com/qBAa3mzFIJ
OMG!!! Every time I buy a new TV has always corresponded to every peak in the stock market. Thatsa much better indicator than Papal visits twitter.com/zerohedge/stat…
Same chart as earlier only with the SPX pic.twitter.com/4vbRSs0TRP
Markets don’t care about your opinion or mine. It’s the collective ACTIONS (shrewd or otherwise) of all buyers and sellers that drive price. twitter.com/360research/st…
How Do You Recognize Fake News? zerohedge.com/news/2016-12-1…
Yeah and I want more and more money too, free money is being given away by the stock market twitter.com/SJosephBurns/s…
Small business optimism index, recent peak was 100.3 pic.twitter.com/644cfFXPo2
4 Small & micro caps failing to advance might say that these stocks will be hurt more by FED increase than larger cap stocks.
3 I have seen it happen once during this bull cycle (2009) & market continued rising after the FED announcement on Wed (2 PM). pic.twitter.com/y1RvCweCYk
2 Chart below has all in the green except Russell small & micro cap. Typical rise today is around .7%. This is strange & infrequent behavior pic.twitter.com/5F157bDGTW
1 2.5 days prior to a FED announcement is normally flat to down slightly. This Mon was typical. Today is not typical with a moderate uptrend pic.twitter.com/37YQkXtOTA
Small and micro caps are down the most today pic.twitter.com/hGqAVp8Ls4
Example of short steps 4 & 5. REAL peak occurred at end of step 3. Steps 4 & 5 were part of peaking process. 1982-2000 had long steps 4 & 5 pic.twipic.twitter.com/hp1CvpUuvc
Step 1 & 2 were recovery steps of 2008 bear market Step 3 was LONG & lotsa steps subdivided If step 4 is short step, means step 5 short too pic.twitter.com/UK2KUG5Fwt
FED decision to raise rates should be baked into this market. Always volatility on FED day, could have more volatility than usual this week
Started a mini correction on Sunday. If correction lasts 3.5 days from Sun would be positioned to either rally or decline more. wait & see
Wave count Possibility that we’re completing step 2 up instead of step 3, if so, mini-correction. If it’s step 3 would be bigger correction pic.twipic.twitter.com/BxvrymdEut
When a mini correction begins, it should last no longer than 3 days. If it exceeds 3 days, it probably won’t be a mini correction
Mike Burk Seasonality is positive for the rest of the month. …arketobservations.files.wordpress.com/2016/12/techni…
Or when FED raises rates, market corrects for a week or so. Certainly everyone knows the FED wants to raise rates, surprise is no rate raise
When FED raises rates next week, market immediately falls, but then it reverses at some unknown point and advances. Rate rise is baked in.
Large caps are doing OK today, but mid, small & micro cap are lagging. The “R” indexes below are Russell, RUI is a Russell large index pic.twitter.com/enZRY5UCnC
Almost 500k Americans dropped out of the labor force in November, bringing the labor force participation rate to a dismal 62.7%. pic.twitter.com/xC91Fsw0tL
StockCharts is showing a larger new high % in 1982 It marked a short term stagnant period B4 market ran again to 1983 intermediate term peak pic.twitter.com/GUmiNe42JQ
Next week is the FED meeting where they almost certainly will raise interest rates. If they don’t it would be a big surprise.
FAANG is left out of the new high list. They’re kinda sickly. When the glamour stocks don’t have glamour, something is amiss
I’m only short term cautious, intermediate and longer term are wide open for now
Lotsa tweets today showing lotsa excitement, very few cautious people out there.
ChOTD-12/8/16 Airlines Stocks Forming Massive Cup-&-Handle? $JETS $DAL $UAL pic.twitter.com/cQ0DCzEzcJ
I knew the percentage highs were way too high, but the most in history is an eye opener twitter.com/charliebilello…
I didn’t know that Tucker was a Russian agent? twitter.com/zerohedge/stat…
Look at the small and micro caps go today. Seems the bigger they are, the slower they’re going pic.twitter.com/h5s991hJ8q
FULL Dow Theory buy signal as the DJ Transports have reached an all-time new high pic.twitter.com/S0jD3nBn9G
McClellan oscillator is not massively overbought, just overbought pic.twitter.com/Oy84FFnxb3
WOW, 24% of all stocks on the NYSE are at new highs, that’s the largest number of this entire bull market since 2009. Too exuberant !!!! pic.twipic.twitter.com/mDLQID6KzE
Lotsa things are near or at extreme levels, but it doesn’t mean a reversal will take place immediately. You MUST wait for a reversal point
ADX has reached extreme levels, which frequently denote near term reversals pic.twitter.com/gHJsdTg4sX
Nearing limits of upper envelope, which means a reversal, slower advance or zig zag advance pic.twitter.com/f79Ogf5zTx
LONG TERM = 2009, STEP #4 SHORT TERM = STEP 3 UP – Careful now Wave Counting tinyurl.com/jejft9u Comments tinyurl.com/zreg4ko
Daily DMI signals are much more powerful than 60 minute And Weekly DMI signals are more powerful than daily signals pic.twitter.com/2cURLYqYmD
60 minute DMI+ (green) is way overbought, Think of DMI lines, green is the level of buying pressure and the red line is selling pressure pic.twitter.com/QDdXCteEg8
Contact with a trend line ADX at warning areas on both DMI+ (green) and DMI- (red) Carefully now, but overbought markets can often surprise pic.twitter.com/HQvjVtWssM
Daily DMI is showing an overbought market, doesn’t mean it’s going down now but soon, watch for correction long enough to defuse daily chart pic.twitter.com/OUK43ReSFF
Blowoff run to a near term top, not now but soon pic.twitter.com/bN0gTLrUJL
Don’t follow me if you just want to ditch me right after…bye bye #unfollowers. who.unfollowed.me #whounfollowedme
@wekim77 Sometimes, it depends on how confident I am on the future market moves ADX DMI are giving warnings presently
WHEEEEEEE
Russell 2000 small caps (RUT) appears to be in step 2 up and should have further to go before the top in step 3 pic.twitter.com/n1SgN2izhC
Looks like 3 small steps up today, small correction should be underway Exception would be 5 steps up, but for now I’ll just say 3 up pic.twitter.com/buPD7JYv5Z
LONG TERM = SINCE 2009, STEP #4 SHORT TERM = STEP #3 UP Wave Counting tinyurl.com/jejft9u Market Comments tinyurl.com/zreg4ko
Step 3 up continues Current Fibonacci lines appear to be valid for the moment pic.twitter.com/n3ZK9gNdZX
I’ll bet those 3 unfollowers are probably going to miss me soon. who.unfollowed.me #whounfollowedme
LONG TERM = SINCE 2009 STEP #4 SHORT TERM = #3 RALLY Wave Counting tinyurl.com/jejft9u Market Comments tinyurl.com/zreg4ko
Small & Micro caps are flying high today, up 1.66% and 1.81% pic.twitter.com/cgs5RzolNJ
Fibonacci trend lines up and down revealing some possible resistance lines pic.twitter.com/vsOlk75Yx9
Mike Burk Comments …arketobservations.files.wordpress.com/2016/12/techni…
We’ll see how the Italian election goes on Sunday. Might have some volatility due to the election results???
Ended the week playing with one of the upper trend lines pic.twitter.com/eLif5HTYuR
Perspective beginning in 1974 (see notes) pic.twitter.com/hLpC2DbEgb
Perspective of where we are at presently. Beginning with smallest time frame to the longest pic.twipic.twipic.twipic.twitter.com/yKjACJyVQ6
LONG TERM = SINCE 2009 STEP #4 SHORT TERM = #2 CORRECTION Wave Counting tinyurl.com/jejft9u Market Comments tinyurl.com/zreg4ko
Step 3 has 3 channels that aren’t labeled but are easily seen starting at the top of step 2 rally. Use a straight edge if you have problems pic.twitter.com/dMgupiMpRN
Read the note on the 1st chart and see the lines on 2nd chart. The channel still isn’t broken, but it should be on Monday. pic.twipic.twitter.com/q1LAa5ZYMj
3 steps down in the SP futures, 5 and 30 minute charts We should rally now & how far it goes will tell us if something worse is at hand pic.twipic.twitter.com/YKuXxmyShi
Nov 2016 – 291 TWEETS
3 steps down this afternoon in the SP futures pic.twitter.com/BWp1lu5bUQ
Rate Hike The Federal Reserve says the economy continued to grow across most of the US, according to its Beige Book released on Wednesday
Significant Concern In Subprime Auto Loans, New York Fed Warns
Look like our beach after the 4th of July twitter.com/JPY_Kurdish/st…
HEY, that is a Live Leak twitter.com/JPY_Kurdish/st…
@Stock_Trend_Chg A reversal of trend is always what separates those in the know vs. trend followers. Off my soap box for now.
@Stock_Trend_Chg Offers of how to make money in stock market will disappear in a bear market. A bear market lasts 1 year or more, loses >35%
@Stock_Trend_Chg If anyone had genuine secrets to stock market, they wouldn’t sell them cheaply as seen on Twitter I have no secrets to sell
For only $1,000,000 I’ll teach you secrets to my wave counting Limited 20 year offer Oh wait, wave counting is free tinyurl.com/jejft9u
INFO ON MY WAVE COUNTING METHOD tinyurl.com/jejft9u
8 min chart of Russell 2000 small caps (RUT), in a correction since 10/24 Appears to be in 3rd step down presently pic.twitter.com/VGwwmm8ltd
Can’t go straight up forever, gotta take a break occasionally to catch your breath
Dow Industrials are in triangle. NASDAQ is getting pounded. Small & Microcaps had been out performing but are suffering downside correct pic.twipic.twipic.twitter.com/4OSaV8g8jV
@Stock_Trend_Chg New high this morning in SPX, which appeared to be step 2 up. But market turned down immediately
LONG TERM = SINCE 2009 STEP #4 SHORT TERM = SM CORRECTION Wave Counting tinyurl.com/jejft9u Market Comments tinyurl.com/zreg4kopic.twipic.twipic.twipic.twitter.com/SA6svvNPer
Completed 5 steps down & rallied. Should rally more, but nothing is engraved in stone. 2nd decline smaller than 1st decline after election??
Advance Decline line sectors BUT NYSE as a whole is not at new high NYSE has a lot of interest rate sensitive stocks & that’s causing lag pic.twitter.com/FRhuZcLVVE
Advance Decline line sectors SP1500 at new high pic.twitter.com/zgcs8tiqfe
Advance Decline line sectors SP500 at new high pic.twitter.com/7QYM9qi1qU
Advance Decline line sectors mid cap at new high pic.twitter.com/Cqd5ghdpp5
Advance Decline line sectors small cap at new high pic.twitter.com/8ef4p5Jhja
Having a bad day twitter.com/emmioglu__/sta…
LONG TERM = SINCE 2009 STEP #4 SHORT TERM = SM CORRECTION Wave Counting tinyurl.com/jejft9u Market Comments tinyurl.com/zreg4kopic.twipic.twipic.twipic.twitter.com/KoggGDe57h
Rally today but the small & microcaps are not participating in the rally ES, SMALL, MICRO pic.twipic.twipic.twitter.com/YF10cyO1mr
Lotsa tweets from “experts” for methods that will make you rich. If they worked, WHY SELL IT?? TRUE, only the minority can win on Wall St
obligating brokers & financial advisors to put well-being of clients ahead of their own compensation desires What a horrendous thought!!! pic.twitter.com/VFCaqftfqq
Market is still in rally mode, which is being interrupted by a minor correction
Correction underway. “Should” end small step 2 up If anything major was taking place, market would break channel of large step 4 up (cyan) pic.twipic.twipic.twitter.com/L07wd3tyQT
Read About My Wave Counting & Its Evolution tinyurl.com/jejft9u
Wave structure since election night Notice daily +-DMI are close to oversold & due for a correction pic.twitter.com/YbWQDR5qVn
White step 3 in cyan 4 Read how I count steps or you’ll never quite understand what I’m doing tinyurl.com/jejft9u pic.twitter.com/EUH98QZlOu
Wave count since 2009. Steps are coming fast & well defined in large step 4 (cyan). What happens after white 3 in cyan 4?? Sub-stepping??? pic.twitter.com/ka77T6HDG4
LONG TERM = LARGE STEP UP #4 SINCE 2009 SHORT TERM = RALLY Wave Counting tinyurl.com/jejft9u Market Comments tinyurl.com/zreg4kopic.twipic.twipic.twipic.twitter.com/EsTgHXMEMK
Russell 2000 up 15 consecutive days & NASDAQ AD line. These extremes occur near long up moves, also short term tops. …arketobservations.files.wordpress.com/2016/11/techni…
Highest percentage of new highs since Oct 2013 pic.twitter.com/hkHnJMLd4h
War in Europe, nawww businessinsider.com/in-the-history…
Trump’s first 100 days. OK by me, first EXISTING trade pact he kills, that’s a good short cuz (global???) trade war could be the result pic.twitter.com/GOLpJiJHOB
Potential gold-import ban by India could be biggest bombshell since Nixon India has a BIG TIME affinity for gold pic.twitter.com/HGKwVZTGDA
Correct for a bit and then surge on into step 3 followed by the first meaningful correction since the election pic.twitter.com/L64t4yf8w5
Tom DeMark now sees 5%-6% retreat for stock market in wake of Trump rally He earlier predicted a decline double that amount.
Market zig zags & never travels in straight line for more than a day or two. Get mentally used to the zig zag and you’ll be in right mindset
Too bad if you NEED to be led by hand everyday, like WHY market went up/down today. Trading should have a longer horizon than 1 or 2 days
New highs in adv-dec line for small, mid and SP1500, but just shy for the sp500 pic.twipic.twipic.twipic.twitter.com/4qJM3SKf83
White Nationalist Alt-Righter Claims ‘Hail Trump’ Comments Were ‘Ironic’ It thought “Moronic” was more appropriate
LONG TERM = IN LARGE STEP RALLY #4 SINCE 2009 SHORT TERM = RALLY MY COMMENTS AT THIS LINK Other Market Commentstinyurl.com/zreg4ko pic.twipic.twitter.com/6lMHpgbttJ
Trump Demands ‘Hamilton’ Cast Apologize After Pence Gets Booed Gotta have thicker skin if you’re President. Comedians love to bash politics
Marilyn’s ‘Happy Birthday, Mr. President’ Dress Sells for $4.8M It looked better from the front youtube.com/watch?v=EqolSv…pic.twitter.com/60UFWkDm5g
‘It is a totally one-sided, biased show’: Trump slams ‘SNL’ on Twitter Of course it is and that can make the show ridiculously funny.
Mike Pence: I wasn’t offended by booing at ‘Hamilton’ This guy has got it all together, whether you like Trump or not.
Wonder if that’s true??? twitter.com/BlueZones/stat…
Melania And Barron Trump To Stay In New York, Won’t Move To White House With Donald zerohedge.com/news/2016-11-2…
Full Analysis of #S&P500 using $USDJPY Overlays & #ElliottWave Count ???? by @FXTradersEDGE_ >> ow.ly/QXLc306kSZ2 $SPX $SPY #Indexespic.twitter.com/tflVhbcGjP
Retweet if you are with us and cheering for #22toWin! #Championship4#NASCAR @joeylogano #Ford #RoushYatesEnginespic.twitter.com/XU08vthnQo
Jesse Livermore’s 10 Key Principles that made him a Legend: newtraderu.com/2015/04/14/jes…
Carl Swenlin: There Are Bear Markets Out There dlvr.it/MjCGk6 → via @AlertTrade pic.twitter.com/D35KGM8mNH
Charts say a LOT about the stock market, when someone doesn’t publish a chart, it’s just their personal comment. Ditto for me too.
Precious Metals Testing Broken Post-2011 Down Trendline (linear scale) $DBP pic.twitter.com/cF0snLMkr3
Japan’s Nikkei 225 Breaking Post-2015 Down Trendline $EWJ $DXJ pic.twitter.com/WaqwKPZcX2
Value Line Geometric Composite Testing Broken Post-February Up Trendline $XLG $XVG pic.twitter.com/xrtGgyad3c
VIX Breaking Post-August Up Trendline ~13.25 (log scale) $VIX $XIV pic.twitter.com/YRangtcBEX
iShares Mexico ETF $EWW Breaking Post-1998 Up Trendline (log scale) pic.twitter.com/yyzOFTXIrQ
VC bubble pops: volume of venture capital deals no longer tracks the Nasdaq pic.twitter.com/PFzz1zVnjx
LONG TERM = IN LARGE STEP RALLY #4 SINCE 2009 SHORT TERM = RALLY MY Comments At This Link Other Market Commentstinyurl.com/zreg4ko
John Murphy TREASURY YIELDS ARE RISING FASTER THAN FOREIGN YIELDS HELPING PUSH THE US DOLLAR INDEX TO THE HIGHEST LEVEL IN THIRTEEN YEARS
Not unusual to have a correction after giving a Dow Theory signal
I’m on board, my kid is smarter than I am, so be it twitter.com/ReformedBroker…
The Euro is on the verge of dropping 10 STRAIGHT days. It’s been years since that last happened: stocktwits.com/TheSwan/messag… $EURUSD $UUP pic.twitter.com/LeWqnG68rs
China Warns It Is Ready To Slow Yuan Plunge On Capital Outflow Fears zerohedge.com/news/2016-11-1…
A lot of good economic data this week. bespokepremium.com/think-big-blog… pic.twitter.com/KHnn5HxaCg
With the gaudiness you can make your guests sick and you’ll have them right where you want them twitter.com/MarketWatch/st…
An $11 trillion commercial real estate bubble is ready to rock the economy businessinsider.com/11-trillion-co… pic.twitter.com/hczXIczPqM
The market cap weighted index isn’t quite there yet, but the S&P 500 equalweight index hit an all-time high today. pic.twitter.com/vCYwH5VyZj
I like this comparison, need to check it more often, it’s on page 2 of my StockCharts twitter.com/_JamisonG_/sta…
China’s wholesale deflation is over – via @SoberLookpic.twitter.com/sdcNn9J61C
Broad Wilshire 5000 Stock Index on pace to print new weekly closing high… …and above box that dates back to 2013. #Stocks #Marketspic.twitter.com/ZKtVvL9vzJ
I’m taking my computer and an extension cord twitter.com/KennyPH54/stat…
Almost 200 years old, needs a new renovation 😉 twitter.com/MarketWatch/st…
9-Day VIX ($VXST) went sub-9 again (w/ yest, 3rd time ever).
ChOTD-11/17/16 Near-Term Stock Volatility Expectations Hit Record Lows $VXST $SPY pic.twitter.com/F9rhmgcnMs
60 minute DMI is not going to tell us anything either pic.twitter.com/rBcW3Ihe0K
Price projections, take your pick or none, 1st one looks good with verified resistance & support levels pic.twipic.twipic.twipic.twitter.com/e41iV3jMrX
The SPX (actual SP500 index) is at the top of the envelope so a correction or slower going is likely required pic.twitter.com/FB2hS1XJ1K
No more correction except NASDAQ was weak cuz of FAANG stocks SP500 DJIA Small Caps (still going) NASDAQ pic.twipic.twipic.twipic.twitter.com/N0AvxpudA7
From Dana Lyons Well that doesn’t have a pleasant history and the record is consistent pic.twipic.twitter.com/MNH30Eu9EK
Think the market is probably waiting to see how successful Trump’s cabinet is going to turn out. War in the transition team is not good
WalMart is keeping the DJIA in handcuffs today 1st chart = SP500 futures 2nd chart = DJIA pic.twipic.twitter.com/K52DI4wyrD
The Russell small cap rocket is slowing down with higher lows and tiny lower highs pic.twitter.com/TwGG9P7gUE
If market can’t get out of its hole by close, we’ll likely have lost thought of buying stampede – too bad, it was nice to entertain the idea
LONG TERM = LARGE STEP RALLY #4 SINCE 2009 hitting new highs SHORT TERM = RALLY – no mo correction?? stock-market-observations.com/2015/03/31/bre…
Market rises again, likely would mean we are in a buying stampede, which usually lasts around 25 days. Correction was 2.5 days long, normal
@Stock_Trend_Chg Too much LDS, shoulda said, “I’m gettin’ down too” So old can’t remember the phrase LDS courtesy of Spock in Star Trek 4
Partial McCain statement on Trump’s talk with Putin pic.twitter.com/1UHpOqDq6z
We could be at the beginning of the next leg up in this secular bull market.
True for me too. News confuses the hell outa me & what the market is going to do, Trump rally is a good example. Who woulda thought???? twitter.com/SJosephBurns/s…
Nixon 1st republican Prez to forget bout deficit. Tradition has been carried on since then. When I was young, republicans cared bout deficit twitter.com/MarcACaputo/st…
Far out & righteous dude I can grow 6 plants in back yard instead of under lights in the house. Elec bill going down & I’m going down too twitter.com/SJosephBurns/s…
Jeff Saut received an email before the Wed opening. pic.twitter.com/U7Z3AonQhu
@Ihavexmradio Look at those eyes
Silver Bracelets is one of the names we called her twitter.com/HistoryInPics/…
And now resistance wants to become fuzzy support pic.twitter.com/CmGXt5DIgc
@tkinder I would agree with that, it was designed to prevent voter fraud of any type. Period Constitution was written votes were often bot
@tkinder The Federalist Papers : No. 68avalon.law.yale.edu/18th_century/f…
@tkinder Electoral college meant to eliminate STATE voter fraud, that hasn’t been problem yet. Younger was against college, older now for it
Faster economy means higher interest rates What if China selling lotsa US paper is another cause for raised interest rates China reprisal???
Greater strength in high lows in small cap & mid cap vs. SP500 pic.twitter.com/u8iBWqfuoA
What I can’t wait for? Trump’s trade war with China. Who buy’s & owns a boatload of our debt, China. They got us & Trump doesn’t realize it
John Murphy UNION PACIFIC & NORTHERN SOUTHERN IN UPTRENDS TRANPORTATION/INDUSTRIAL RATIO TURNS UP DOW INDUSTRIALS ARE SHORT-TERM OVERBOUGHT
Like Trump’s idea to rebuild infrastructure as it’s crumbling EVERYWHERE, bridges, poor maintenance on interstate Hwy, city pipelines, etc
Bank Stock Run Continues As Bond Yields Fly Increasing rates are good for the banks bottom line
Mid caps tearing up the charts today too pic.twitter.com/QDk8Bq36RU
One of Trump’s major economic polices could lead to a ‘global recession’ Since the Senate must OK trade deals, wouldn’t they have a say too pic.twitter.com/7In0Ga3tty
Triangle in the NASDAQ, if the weakness continues in the FAANG stocks, it should break down, but a recovery in FAANG means a break upward pic.twitter.com/XiZ1yBT09d
The upper trend line acted like the Tue night crash never took place. The crash didn’t take place in the actual SP500 average (2nd chart) pic.twipic.twitter.com/fe64ojWzio
NASDAQ underperforming today as Face Book is down 2.5%, The FAANG stocks are not doing well recently while small caps going crazy, hmmmm??? pic.twipic.twitter.com/mgVmxbqG5G
Terrific strength in smaller caps as Russell 2000 (RUT) hit an all time intra day high today (as did DJIA), minor correction so far pic.twitter.com/31fRvr2G4s
SP500 stopped at a projection level on Thurs and has been in a sideways correction since then. pic.twitter.com/0RiU2nZCSc
@focus1234567 Tom Demark has good record but he has made correction forecasts before and nothing happened I’m just looking for a breather
@focus1234567 sharp uptrend is more of decline in treasuries than junk, which means higher rates and the FED still gonna raise rates????
LONG TERM = LARGE STEP RALLY #4 SINCE 2009 hitting new highs SHORT TERM = RALLY – Take a breather stock-market-observations.com/2015/03/31/bre…
Trump rally to be followed by 11% stock-market tumble, forecasts Tom DeMark??? pic.twitter.com/WXFWPrk8su
Mike Burk The NYSE new low list is populated, almost exclusively with fixed income issues …arketobservations.files.wordpress.com/2016/11/techni…
3 peaks and it’s time to have a correction breather pic.twitter.com/TbsaCUDLNF
60 Min SPX envelope hit upside & lost MO Day SPX hit upside envelope yesterday & lost MO also Correct for 2-3 days, go again by Wed pic.twipic.twitter.com/x56v9XW32h
Wasn’t this a great chart for revealing the turn around point during the Tues night crash pic.twitter.com/HyKMXds8uN
LONG TERM = LARGE STEP RALLY #4 SINCE 2009 hitting new highs SHORT TERM = RALLY – Trump moderating his views stock-market-observations.com/2015/03/31/bre…
Russell small caps are near new high, but SP 600 small caps are at a new high today with a STRONG rally underway for 4 of the last 5 days pic.twitter.com/2xLmbUpk39
Small Caps are near a new high too. Good sign that the small cap and micro caps are showing good strength pic.twitter.com/QGZxYn2Ayd
Today saw new all-time highs in the Dow Jones Industrials & the Russell Micro Caps. Micro Caps are the 1st index I watch to verify the DJIA pic.twipic.twitter.com/4XV2iWLCPA
John Murphy ROTATION OUT OF GROWTH STOCKS INTO VALUE MAY EXPLAIN PROFIT-TAKING IN TECHNOLOGY
Jeff Saut defines a buying stampede as a streak of up days with only one to two-and-a-half day pauses or pullbacks before extending higher.
First time since 1928 that the republicans controlled both houses of Congress and the Presidency
LONG TERM = LARGE STEP RALLY #4 SINCE 2009 needs new highs all indexes SHORT TERM = RALLY – Trump moderating views stock-market-observations.com/2015/03/31/bre…
Yields for US government bonds have hit their highest levels since January as investors take on RISK instead of safe-haven trades like bonds
All of the FAANG stocks are down significantly today. Tech sector is under attack with the NASDAQ down 50 points & DJI up 262, rotation??? pic.twitter.com/VIfjkpiTg8
New all-time high for the Dow Jones Industrials. None of the other averages have confirmed that yet. pic.twitter.com/Zvv3tn4dKM
#Calexit NO CHANCE Someone is making up a story that doesn’t exist, or only exists with a couple college kids & Silicon Valley malcontents
NEVER GOING TO HAPPEN twitter.com/camparchibald/…
Another higher put/call ratio buy signal. This is the highest this indicator has been in buy mode in many many years. pic.twitter.com/7IcTIHGi2h
All of the FANG stocks were down today. What’s with that??? pic.twitter.com/FWyeCKGSRz
Will Trump’s spending reawaken inflation, just when it seemed like nothing was going to wake it up.
Here is a look at the 3 soldiers marching upward over the last 3 days. Bullish candlestick signal. Look at last time it happened, late June pic.twitter.com/MLaT1O5DJa
This is what happened and propelled Trump to the Presidencyyoutube.com/watch?v=ZwMVMb…
Trump’s win has Mexico’s markets in chaos pic.twitter.com/JMVaBpoQ6R
DJIA is just a few points from closing at an all time high!!!!! More fuel for the Dow Theory buy signal
Which wave count is correct? Chart 1 shows we are finished on downside and chart 2 shows a probable retest of the bottom for step 3 pic.twipic.twitter.com/vy95rb4M75
I’m just a stupid city guy that doesn’t know anything compared to rural people. It’s shocking when you see & understand the cultrural divide
While traveling, I’ve found very different attitudes in back country. Snapped at more than once for being stupid & saying something stupid.
Republicans have White House & Congress, profound policy changes are coming, Obamacare, Immigration, Financial reform, Trade, Supreme Court
The Trump effect on CAT, I mentioned this one several months ago. Trump wants infrastructure improvements & that means CAT pic.twitter.com/0NG7QiezAt
What happens next 2-3 days is important. At the moment it appears stock market is ignoring Trump’s effect until it’s visible, not rhetoric
LONG TERM = LARGE STEP RALLY #4 SINCE 2009 needs new highs SHORT TERM = Guess Trump hasn’t screwed up my prediction stock-market-observations.com/2015/03/31/bre…
Who would have thought we were going to form the 3rd soldier in the candlesticks. 1st chart is SPX and 2nd is ES futures showing last night pic.twipic.twitter.com/nfRZ3VpZ10
@wekim77 Filled that sucker in a major manner and we have 3 soldiers forming after today. Who would have thought that was likely??
The odds of a FED rate hike are falling If the market goes into freefall, what would the FED do??? pic.twitter.com/gd5PYi6gZD
NASDAQ 100 down almost 300 points from today’s peak to the low. That’s a big plunge. We’ve had limit down on both ES and NO futures pic.twitter.com/ZfsabNZNT8
Tomorrow AM QE infinity begins twitter.com/zerohedge/stat…
If we take out the June lows, it may portend big things like a bear market????? Hope not, but things happen. pic.twitter.com/YsWD2tLRYz
Trump Love him or hate him, he’s my President & I will support him, no grumping & growling allowed, be one with the country unless he fails
A little perspective of what happened tonight, daily chart SP500 futures pic.twitter.com/cIkHQv1Ouc
Tomorrow when futures are played by the big boys, will a 1000 point Dow dump turn even bigger?? What happens next 2-3 days is very important
LONG TERM = LARGE STEP RALLY #4 SINCE 2009 needs new highs 4 verify SHORT TERM = Trump, WTF screwed up my prediction stock-market-observations.com/2015/03/31/bre…
Brexit was 2 days down for our market & then rallied back Our version Brexit might not recover quick, but might want to give Trump a chance?
The sky did fall SP500 down 122 pts peak to low DJIA down peak to low almost 1000 pts How many contracts was I short . . . duhhh . . . none pic.twipic.twitter.com/4S0lYBFF2A
Dow Industrial futures down from today’s peak to low is about 900 points. pic.twitter.com/kVwItvXrwV
On the night of Brexit, our market fell about 100 SP500 points, Tonight peak to low has been 88 points
You do know that ALL BETS ARE OFF, if Trump wins, stock market has not factored a Trump win 60 SP500 points from peak to low for tonight pic.twitter.com/0XaNUgv5ZB
Heart attacks in the ES futures (SP500), Trump shows too much strength and down the futures go, kinda funny pic.twitter.com/sgL6FjchXf
VOLATILITY with a capital “V” ES futures are slanted towards a Clinton win cuz when Trump was showing strength the futures declined pic.twitter.com/X3dLybUQ8w
Trump is making waves in the stock market pic.twitter.com/Hx7qFXxx2v
This could be our version of the BREXIT vote?
@wekim77 ????? I don’t want it to be covered as I want it to represent a breakaway gap
Volatility increasing as some voter results are coming in, gonna need a bunch of hours before we know who’s the next President pic.twitter.com/3qJ3EgX5q4
SPX hit one of its last trend lines and reversed pic.twitter.com/snXwVLbzfH
Transports are surging ahead again today, excellent pic.twitter.com/GNEEzUz5RY
Early impulse doesn’t yield immediately to 60 min DMI sell signal. Impulse has too much power at first, eventually we’ll correct, Thur??? pic.twitter.com/DmFNANQh3E
2 min ES chart As mentioned, we did get a soft correction last night and then it took off again this morning pic.twitter.com/adQM7x0Xik
Daily SPX candlestick chart Last 2 bars are yesterday & today. Another solid green bar will be 3 soldiers, very bullish formation pic.twitter.com/k3kPK9xYP3
Not quite a 90% day, volume was over 90% but adv dec was 80%, it was a good day regardless pic.twitter.com/WeRBDQPkDD
Put/Call ratio has given a stronger buy signal, notice the daily readings (light grey) well above the upper envelope pic.twitter.com/jliCNNYI8g
We had a Dow Theory buy signal today (not a perfect signal) where the DJT surpassed their Nov 2015 peak, DJI made a new peak in Aug 2016 pic.twitter.com/wCcZ57gDQz
Election day & following day’s performance Stocks do better the following YEARS under a democrat President than a republican. Reason why???? pic.twipic.twitter.com/noVtWr8dw1
Dow industrials just booked best rally before Election Day in 84 years pic.twipic.twitter.com/Bv7n93jmiY
Taking another breather, probably 3 steps down (presently in 1st step) and resume advance sometime tomorrow pic.twitter.com/rvB5ADnJbM
What a day. How long until we hit new highs??? BTW the shorts are running madly to cover pic.twipic.twitter.com/iHmkcL0Pxu
We have greatest fracture amongst Americans since before the Vietnam war ended. Congress has to stop the gotcha politics & relieve the pain
Future depressing news would be republican controlled House want’s to impeach Clinton. People must demand STOP THE POLITICS & GET TO WORK
Gonna take a breather for now. Are we going to cover the gap? Best if it doesn’t cuz it becomes a breakaway gap??? pic.twitter.com/EfHqauahQ8
LONG TERM = LARGE STEP RALLY #4 SINCE 2009 needs new highs 4 verify SHORT TERM = Bottom is in the rearview mirror stock-market-observations.com/2015/03/31/bre…
Posted this chart (transports) last week and it has broken out nicely to the upside. Transports have been a drag on the market for some time pic.twitter.com/uf1g6Av2uo
No surprise here that we have a market rally cuz I knew we were near last week. The size of the day’s rally is breathtaking though
Didja watch 60 Minutes, second story on “The National Mood” was interesting, pollster was blown away at the anger cbsnews.com/videos/the-bat…
Here’s what the betting markets say a day before the election: on.mktw.net/2eFNtjL
Didn’t realize a Raider’s win would be this bullish for stocks.
I remember that rally. twitter.com/michaelbatnick…
The SPX DMI buy signal has moved away from its extreme, daily DMI buy or sell signals are longer lasting pic.twitter.com/W6CsD7scR9
Kinda meaningless that the 60 min DMI has a sell signal going at the moment, these take place at impulse moves pic.twitter.com/apE60zJmvb
The market has been crawling up the top edge of the 60 min envelope pic.twitter.com/iMkWi8ortk
FBI makes their announcement regarding Clinton’s emails and the stock market took off. We have a trend-day, rallying higher all day
Index futures rallied at open on Sun as bullish sentiment returned to Wall Street following largest streak of losses on S&P 500 since 1980. pic.twitter.com/SMa8xBMsRS
Sunday night DJIA is up 200 SPX is up 25 NASDAQ is up 68
LONG TERM = LARGE STEP RALLY #4 SINCE 2009 has some doubt SHORT TERM = Bottom is here stock-market-observations.com/2015/03/31/bre…
Gonna stay away from the bottom and rally for awhile pic.twitter.com/e6UglntvPM
@wekim77 I’m unsure about that & need to look at some of Terry’s charts. I have his stuff from the 1970s, 1990s when he called it “Magic T”
Libertarian nominee Says: Clinton presidency ‘may well end up in impeachment’ Thinking that, depends if House wants to work or play GOTCHA
Homeless Bob is dead on again. He’s my hero twitter.com/bobswavecounts…
She is SO GOOD and is one of the top traders twitter.com/SJosephBurns/s…
UPDATE>>$FB Wedge Broken? (Sep. 23 Post: The Wedge That’s Driving Facebook’s Stock jlfmi.tumblr.com/post/150829176…) pic.twitter.com/SQWC34Cnjr
DJ Waste & Disposal Services Chart Looking More & More Like Garbage pic.twitter.com/9jQYBJdayU
The “Sky is falling”, the “Sky is falling” twitter.com/CNBC/status/79…
Emotional indicators are most ominous at the market reversals twitter.com/jessefelder/st…
Put buying is highest at the bottom twitter.com/seeitmarket/st…
#Brent crude #oil drops to lowest since early August; oversold, stretching 14-day RSI below 30 @Reuters #WTI #OPEC #Saudi #Iran #OOTTpic.twitter.com/WhE0lDVfTK
@wekim77 Like the shorter term chart??? Had you noticed the mega T brewing?? pic.twipic.twitter.com/5Lksv1xWqG
Put/Call ratio has moved above the top of the envelope, which is a stronger buy signal pic.twitter.com/LP01nagPZv
Have you noticed the DJ Transports recently? It’s a different story. They are ready to crack overhead resistance while DJI is declining pic.twitter.com/zHAMFG3MYr
Trend line alert, but we’ve been breaking them consistently pic.twitter.com/h0SAA5aSct
Stock Market Indecision Clinton elected, impeachment in republican controlled House?? Trump elected, market perceives him as unpredictable??
Bearish attitudes can occur with LOTS of slow declines or a fast large decline (waterfall). We’ve got the lotsa slow declines presently pic.twitter.com/kcAyph9znA
Lower edge of envelope is penetrated, red & green DMI in the buy zone 9 days of consecutive losses, hasn’t happened since 1980 pic.twitter.com/W6kG7uziKr
Red step 3 down isn’t finished, it has 3 bottoms in the same area. This may be a setup for a step 4 and 5. No much good going on B4 election pic.twitter.com/kLbR4raEIC
Barn find big block Chevelle rodauthority.com/features/big-b…
If we don’t get an extension, step 3 “could” be finished and a rally could be on its way pic.twitter.com/bOLqZFHuS7
Normal Put/Call ratio spiked upward couple days ago and now moving average of the ratio has moved into a buy zone pic.twitter.com/1YMbXkGFPk
Call/Put ratio (unconventional method) is low on calls telling us that everyone is following the market down without much thought of a rally pic.twitter.com/Zi5m07kaYz
S&P 500’s 8-day losing streak is longest since October 2008 Neat historical chart, one to keep for reference pic.twitter.com/qAXVkMD1up
Sometimes declines end in a waterfall, followed by bottom retest, very scary holding stocks, waterfalls don’t take much time but do damage
Two projection levels, take your pick, they both seem to have some validity pic.twipic.twitter.com/L1g9ghmkCS
We’re going to rally somewhere around here before too long, wouldn’t be surprised to see a test of the bottom later
DMI and bottom of envelope are growing more pronounced for SPX pic.twitter.com/fCW16KM8US
Simplified wave count since 10/25, using channel concept to track steps down Other wave count was getting complicated to track and visualize pic.twitter.com/cggJXhMT7t
Yesterday’s showing of overbought/oversold indicators have moved in definite oversold What are you going to buy for the rally?? pic.twitter.com/a6SeNUecDN
DMI buy signal and bottom of envelope too, Gotta a chance of rally soon pic.twitter.com/jgdziM8fA0
LONG TERM = LARGE STEP RALLY #4 SINCE 2009 HAS SOME DOUBT SHORT TERM = Bottom is near stock-market-observations.com/2015/03/31/bre…
We have a daily DMI buy signal today. Daily DMI buy signals are longer lasting than 60 min DMI. Last daily buy signal occurred in Jan 2016 pic.twitter.com/Hf4O3RSkrX
We could sure use a rally tomorrow
Can you believe it, after I had a heart attack in the 10th inning, the Cubs won the World Series, the jinx is finally over
Clevelands gotta score 2+ in the 10th, come on Cubs, 108 years is enough of a drought
Update on 2 min chart Last step down is either a 4 or a 3??? If a 3 then it was interrupted with a 3 step up around 11:30 to 12:30 on chart pic.twitter.com/OxeOFVx4X2
Short term (2 min) Lotsa mistakes take place in such a tiny time frame, the bigger the time frame, easier it is to count except subdivisions pic.twitter.com/DJ5K0ffVmp
Possible wave count since a recent peak of Aug 25, trend lines & count FED NON-rate announcement at 2 PM today, 75 minutes from now pic.twitter.com/OEiSamJl4R
Nikkei 225 is down about 2% tonight, Hong Kong down 1.5%, China is down minimally
Short & longer term oversold/overbought indicators, they’re oversold, could easily go lower. Count say’s we could be done, but extensions??? pic.twitter.com/W4OutWLIYL
Putting the McClellan oscillator in perspective, definitely oversold, but not deeply oversold. pic.twitter.com/mFHcX5YwqU
Updating the small movements wave count (2 min chart). Last white 2 down might be part of a bigger step down. Find out later what’s up. pic.twitter.com/DyUUudfHPx
Red 3 up, which was followed by a resumption of the Aug peak’s decline pic.twitter.com/SL9RQuebnh
We did get the red 3 that I was looking for yesterday, which was part of this weak rally twitter.com/Stock_Trend_Ch…
Possible daily wave count dating from August peak. Both wave counts might have validity with double bottom of some sort making up final move pic.twipic.twitter.com/k02dU8gWYZ
NASDAQ 100 shows a possible trend line resistance level pic.twitter.com/tvtqqLvjSz
Still in the last gasp of possible resistance level for SPX pic.twitter.com/pWZ17XGrpZ
Another projection level chart shows we could form a resistance at 2092 (low of day) pic.twitter.com/WRNtijGAEn
ES Dec next projection level is 2084, which isn’t too far below
It’s obviously a down TREND DAY, nonstop downward move
Market is pushing right through projection levels as if they don’t exist SPX broke right through 2100 …arketobservations.files.wordpress.com/2016/10/z-gene…pic.twitter.com/Ad0xOsnkw9
Enough with envelopes and DMI, gotta move on now with the count next
DMI and envelope on same chart using SPX close enough to call it a buy signal on both, but might play with a secondary bottom later pic.twitter.com/MRBGku9RZz
NUTS Used ES DMI chart & should only use SPX index for DMI, consequently had previously missed that we have a daily DMI BUY signal presently pic.twitter.com/pfUyn7HCgK
More decline before daily buy signal of DMI (formerly called ADX), contact with lower daily envelope could be simulatneous with DMI signal?? pic.twitter.com/BXqPLc6oFC
ES crushed lower level envelope on this decline. 60 min buy signal in effect, BUT large breaks expect more envelope testing (chart 2 10/11) pic.twipic.twitter.com/ljVGfd3PaF
Next price projection level after the present level is 2092 to 2082 twitter.com/Stock_Trend_Ch…
Prior tweet chart with different color levels that stand out better pic.twitter.com/XCb7ToZcX9
Good news is that we are at a price projection level and market may hold in this area Bad news is broke 2120 & thinking about breaking 2100 pic.twitter.com/npkrPQoeVU
Oct 2016 – 306 TWEETS
We gotta watch for a significant penetration of this resistance level. Jeff Saut thinks if we break this level, there will be lotsa downside pic.twitter.com/iMfYrdiQai
Price projection targets have worked fairly well so far. pic.twitter.com/EKQeJLNhyv
Seems to me he violated the Hatch act twitter.com/CNBCnow/status…
Resistance line that might hold, we’ll see pic.twitter.com/CAxMc9VLoo
Don’t forget this is FED week. Traditionally FED doesn’t like to change rates close to an election, but they sure caught hell last month???
Mico Caps have been sliding down the bottom of the envelope pic.twitter.com/KKvm8Zo1aI
Be glad when election over??? Regardless of who wins, likely to be lotsa hate spewed afterwards. “Can’t we all just get along” – Rodney King
Wave count up to the minute Looks like white 3 down will end without any serious damage, WEAK uptrend in effect pic.twitter.com/H1zu80PsmY
The VIX’s pre-election peak could be today 🔓on.wsj.com/2dVAiMVa via@WSJMoneyBeatt
“China’s Debt Has Grown $4.5 Trillion In Past 12 Months, More Than The US, Japan And Europe Combined” zerohedge.com/news/2016-10-3…
Carl Swenlin When Summation Index falls below the zero line, there is a strong possibility that serious price deterioration lies just ahead pic.twitter.com/3tUCgPA789
What the count looks like We should be in rally mode unless we are in extension for waves 4 & 5 I’m gonna say rally mode pic.twitter.com/w48YsYeVdn
Mike Burk Seasonality for the coming week has been very strong …arketobservations.files.wordpress.com/2016/10/techni…
Last plunge of the day was caused by the FBI and the Clinton emails pic.twitter.com/GdJto3JFtZ
Billionaire investor Steve Schwarzman had the perfect explanation for middle-class anger pic.twitter.com/BgJLA72Z04
I say we have 60 minute ADX buy signal, should properly say we have a + – DMI buy signal. Want to make the distinction now cuz be using both
Excessive ADX readings (up or down) mean that there will be another new high/low (same direction as first reading) following excessive ADX pic.twitter.com/iWltf9sZgu
Another ADX 60 min buy signal took place a short while ago I traded the prior buy signal at 1 AM PDT my time last night pic.twitter.com/QTyviKzxUh
Got 60 minute buy signal by touching lower envelope, rallied to mid-section (white dots) & declines again, probably stopping at green dashs pic.twitter.com/J8vOlcRadn
Volatility in abundance Makes me wonder if red 3 isn’t finished. We have to wait & see if we get a lower low that makes red steps into a 5 pic.twitter.com/Y5T8Woeyfb
Yesterday’s triangle was resolved to the downside (obviously) pic.twitter.com/Gv7EfJHNbv
Rising cyan trend line is kaput, but purple declining trend line is valid, daily envelope bottom edge is a limiting factor & a buy point pic.twitter.com/7NpCV3MSJP
You must be too young to make that statement. I was 33 during Watergate impeachment process & remember how the hearings PARALYZED country. twitter.com/tkinder/status…
JUST IN: FBI Director informs Congress Hillary Clinton email investigation is back on. pic.twitter.com/2p4iAAYH97
Impeachment begins in House & if republicans retain control, it will be up to Ryan to start impeachment, he seems like a reasonable guy???
FBI restarting probe into Hillary Clinton’s emails Does everyone see “potential” for impeachment proceedings against Clinton if she wins???
That should be the end of the decline that began on 10/27 ending today 10/28 pic.twitter.com/rL1w62mmky
Red step 3 is probably under way now. Finish it and then rally later today?? pic.twitter.com/AuNUEBBjik
Rally we are doing today after a bottom on the edge of the envelope twitter.com/Stock_Trend_Ch…
It just keeps on giving FBI to Re-Open Investigation Into Hillary Clinton’s Email Server
Ready for a rally, but will it be a dud if GDP numbers are low when released at 8:30 EDT on Fri. We’ll see, but a rally is possible tonight
60 min buy signal penetrating lower envelope. The RSI is very low & normally has a rally from this low level. The ADX has a buy signal also pic.twipic.twitter.com/gXkqyUhcS6
Higher high breaks very short term trend pic.twitter.com/wMZ3N6DA70
If we did as the prior tweet said, we could have a decent day on Fri as forecast by seasonality. Everybody’s happy, bears & bulls
We might have a higher low in white 3 down than the white step 2 bottom. Just a thought, not an engraved in stone type thing pic.twitter.com/6AxYGi0z2L
We could possibly finish the white 3rd step down in red step 2 tonight and then go for a higher low tomorrow morning & then have a rally pic.twitter.com/FmvqzXOzcR
Friday, Oct 28 is supposed to be a positive day in the market according to seasonality
Friday marks the beginning of the best five sessions of the year, historically. pic.twitter.com/nQGaIc5HUn
Bill Clinton Inc Both candidates potholes get bigger and bigger
Another step down completed and now we rally for awhile, until step 3 gets underway pic.twitter.com/m9QbOdHrqo
Some Donald Trump Voters Warn of Revolution if Hillary Clinton Winsnytimes.com/2016/10/28/us/…
Counting today’s steps, shows more steps to go before it’s done pic.twitter.com/gXUiFgGzLS
But it didn’t accelerate to the downside, we’ll see how the later trading handles this breakout pic.twitter.com/UZMRxK7TuA
But I don’t expect the bottom to hold, but I was wrong once lotsa years ago twitter.com/Stock_Trend_Ch…
Lotsa bottom fishing going on right now. For a double bottom, will dip below prior low and clean out the automatic stops and then rally. pic.twitter.com/JDaTf94mHD
LONG TERM = LARGE STEP RALLY #4 SINCE 2009 IS IN DOUBT SHORT TERM = Negative unless we can bottom soon stock-market-observations.com/2015/03/31/bre…
As the market “toys” with today’s earlier low. After it breaks it usually accelerates
3 black crows after today Three black crows is a bearish candlestick pattern that is used to predict the reversal of the current uptrend.
Impeachment of Nixon started with 1972 break-in creating the 1973-1974 bear market, which lost 50%. I don’t want to see that repeat
I might grow apathetic about politics, but Wall St is not apathetic & HATES UNCERTAINTY
My daughter is passionate about politics like I used to be, but now I’m old, seen too much & the rotten smell bothers me & I grow apathetic twitter.com/Stock_Trend_Ch…
Triangle forming, watch what direction it breaks, but it could go past the election before a breakout Isn’t that convenient?? pic.twitter.com/S9FnWQOPeW
2 trend lines, purple down, cyan up Thought cyan up was going to break today after an impulse down, but it’s still active, we’ll see pic.twitter.com/qlXcG0gtZy
1st impulse step & beginning of 2nd impulse step may have begun. Hopefully it will be a higher low & not an impulse pic.twitter.com/KPceqImS4t
Hacked Memo Reinforces Worst Perception of the Clintons This email has been confirmed
Dow, S&P Slump Into Red As USD Jumps On Cable Dump zerohedge.com/news/2016-10-2…
The best news I’ve seen today??? twitter.com/bespokeinvest/…
Domestic equity mutual funds saw another $16.3 billion of outflows last wk. Most since $21.2 billion in early Aug ’11. (Oct ’08 before that)
Like digging a hole to hide from Trump and Hillary. twitter.com/sjosephburns/s…
Amazing, but up to 34 straight weeks of domestic mutual fund outflows. Previous record was 25 straight to end 2010.
If we have a 3rd impeachment, it would prove America is broken and might take a long time to fix. Market HATES uncertainty!!!!
Impeachment for crimes committed before taking office is viable. I’ve seen 2 Presidents go thru impeachment, I can’t watch a 3rd one!!
Market’s problems are likely related to President Hillary. Republicans controlling the House, impeachment of Clinton is possible. Jeez!!
Forget bottoming, it looks like downside impulse may be taking place. Holding the 2120 area for SPX is vital or the loss could be large.
It looks like there is some bottoming action taking place tonight. Hopefully it won’t fail & we can break out of this decline. ES Dec chart pic.twitter.com/2r9NLLcvOA
Love Him Or Hate Him: Trump Is The Revolution Against The Establishment…arketobservations.files.wordpress.com/2016/10/love-h…
Interesting comment twitter.com/bespokeinvest/…
investors pulled $16.9 billion from stock mutual funds in 7 days through Oct. 19, more than in any week since 2011thereformedbroker.com/2016/10/26/now…
Election violence? Is this the USA, or a 3rd world country??? DEMAND MORE from your Senator & Congressman, instead of shooting off guns pic.twitter.com/9obkTXUuHL
Trump supporters held up Clinton “target practice” posters at a rally in Florida Monday, with a bulls-eye framing her face.
Feds Concerned About Risk of Violence as Election Day Nears
So far negative seasonality hasn’t eased off in last week of Oct. We might not have relief until a week after election when all is calm
60 minute ES Dec chart, prices have crawled down the lower envelope and begun a bounce upward. pic.twitter.com/7ABuQpJnNw
“5 apps that automate your money and make you richer” WOW! I never knew that I had the answer to all my financial problems on my iPhone
I had lost lotsa money due to contract leverage by early Oct. It was a severe blow & I took a couple years off to mend my mind & my trading twitter.com/focus1234567/s…
BEWARE We have to wait and see, but the market could be cruising for a designated change in direction if enough things go wrong this week.
After 3 steps up, the following correction must be greater than the prior corrections in the present rally. pic.twitter.com/aUSHCjLj7X
How I accidentally sat out the Oct 19, 1987 crash. pic.twitter.com/1xPBDeEbzY
Not often we have a step that flows counter to direction the market is moving. When this happens it can screw up your perceived wave count pic.twitter.com/cFGdjxuZdi
Should have more rally B4 step 3 down begins. Aways possibility that 2nd down could subdivide into 5 steps. Lower lows should tell the story pic.twitter.com/B3Ddzh3iba
I’m thinking about calling the small decline & rally that ended earlier today @ ES 2150 as step 1 down and today’s decline as step 2 down pic.twitter.com/CSlqaPlQna
Didja know that govt tested 100 A-Bombs near Las Vegas (65 miles) during 1950s. LV hotels promoted tests for tourism youtube.com/watch?v=17apJB… pic.twitter.com/zXDckj69yN
Punctuation is important: “How We Fight with @BretBaier” (why are we fighting with Bret?) twitter.com/FNReporting/st…
Is market worried about fractured country after election. Heard incredible venom spew forth about Obama & Clinton from republican friends
Bad news about today’s decline, we are correcting a completed 3 step rally. The current step decline appears to be complete pic.twitter.com/729pFE76PP
If we have a reversal on that last step (kinda early to tell), that looks like 5 steps down and should be good for now. pic.twitter.com/xb6Wx7pbjS
We’re trading on the lower edge of the envelope, which limits further downside action for now. pic.twitter.com/y4HHvkF8D5
Did you ever see Las Vegas during the 1950s??? pic.twitter.com/Kqbg91M1UY
ES contract gotta get above 2149, making higher high to keep uptrend in progress. Hopefully it will make it tonight, or tomorrow day trades pic.twitter.com/2EhBHJ2hYN
#MakeMeHungryIn4Words Who wants French Fries?🍟pic.twitter.com/PhehtkPo7UU
That’s walking around money It constantly blows my mind when I find out how bad the average person’s finances have become. twitter.com/CNBC/status/79…
Obama inherited a huge deficit problem from Bush cuz of the 2007-2009 economic crash. Deficit has gotten better, but huge is still huge twitter.com/SethMacFarlane…
“Do not save what is left after spending, but spend what is left after saving.” – Warren Buffett pic.twitter.com/dTmZdMRAp6
Been a loud mouth my entire life and I still am, but when peoples voices turn way down, they have moved into the fragile part of life. twitter.com/WSJ/status/790…
while +100 #oil & gas companies have declared bankruptcy, no effect on production wsj.com/articles/bankr… pic.twitter.com/VZU6WygihM
Things don’t work the way they used to, we’re broken twitter.com/LanceRoberts/s…
My past family has been horse thieves, whores, con men, murderers, & politicians, 70% of them have been hung or killed in gun/knife fights twitter.com/ancestry/statu…
ChOTD-10/24/16 DJ Toys Index: Only Industry At New Highs…But Getting Extended? $MAT $HAS pic.twitter.com/19uRgjU2t3
Ralph Nader (remember him) “If you always vote for the lesser of two evils, you will always have evil, and you will always have less.”
#3 – bear market Optional bear market count is NOT likely to happen. But I have seen strange things like this happen in the past so . . . pic.twitter.com/reVkWgqJns
#2 – bear market I ignore the new highs & count the rally as a correction following steps 1 & 2 down to be followed by a complex 3 step down pic.twitter.com/hxRR58axpe
#1 Long term this is large step 4 since the March 2009 bottom. If we went into a deep bear market from here, how would I count the steps? pic.twitter.com/jhE9qCBs38
The Breadth of the Markets – the NYAD – possible last gasp up – Tops take a lot longer than bottoms. This is the real market. Possible sell pic.twitter.com/8kLKEwWool
.@EuroBriefing : “hard #Brexit would hurt Britain, it could also knock the eurozone back into crisis.It would be a pointless double suicide”
Average returns for coming week have been negative by all measures & worse during 4th year of Presidential Cycle …arketobservations.files.wordpress.com/2016/10/techni…
Facebook Employees Pushed to Remove Trump’s Posts as Hate Speech BAD IDEA – public has right to hear everything Presidential candidates say
The Walking Dead: Road to Survival – Fighting RPG by Scopely appsto.re/us/uOPX5.i pic.twitter.com/qkuBJO2rKU
“We’re going to build a firewall. A huge, beautiful firewall and the hackers are gonna pay for it.” #DDoS
LONG TERM = LARGE STEP RALLY #4 SINCE 2009 SHORT TERM = Negative seasonality “should” begin to taper off stock-market-observations.com/2015/03/31/bre…
$SPX February low and the Brexit low lands on election day. pic.twitter.com/nGnLVarwwX
It happens all the time twitter.com/SJosephBurns/s…
Govt spending dollars producing GDP return dollars Declining GDP return per dollar of spending has been declining for a long time pic.twitter.com/2DFNI3G5qc
2007 Equal weight SP500 shows a different story than the regular SP500 pic.twitter.com/MeR7wioqaC
2007 Junk seniment and a MACD favorite of John Murphy. All of these can be found on my public StockCharts pic.twitter.com/dE9fjFiNH5
Jobs chart showing peak in May 2006 and falling off a cliff beginning Oct 2007. Another indicator from my StockCharts public charts pic.twitter.com/GkJPwX7O4j
Another indicator showing the false peak in Oct 2007. Many have seen this on my StockCharts page and didn’t understand its importance. pic.twitter.com/gmJ5I9O5yK
Cumulative up down volume for 2007 false peak in Oct pic.twitter.com/vTOrTH9FBI
Steps and megaphone formation from 3 step bear market, late 1965 to Oct 1974 pic.twitter.com/BrkP6UuIhd
A couple of people liked my historical charts, so I’ll post some more. I’ll be posting more in the next few hours/minutes??? pic.twipic.twipic.twitter.com/q4V2QcMssL
Earlier I had discovered the meaning of life (God told me), but with Twitter down so long, I can’t remember what he said. I’m old.
Damn Russians, I’ve been locked out of Twitter all day.
Market prices from 1500 to the present pic.twitter.com/75K9nZrCxW
I was a kid I used to see plank road whenever we took a trip east. Pieces left now have a fence around it to keep people out. Damn tourists pic.twitter.com/sTtfvcOiBh
Old plank road running between San Diego & Yuma. People have stolen so many of the planks there isn’t anything left buried under the sand pic.twitter.com/zgYDVpSj7I
Did you ever see Las Vegas during the 1950s??? pic.twitter.com/Kqbg91M1UY
Took 1st picture with long lens & thought I took picture of bison laying down. Later expanding picture, realizd that it was grizzly & cubs pic.twipic.twipic.twitter.com/6iiRYl6Q4c
Watching trend lines on 2 charts below. I suppose another step down could be coming, but things look complete unless an extension is ahead pic.twipic.twitter.com/GuE0KXZbdQ
Broke the small triangle to the downside. We have lower lows now on a minor basis. pic.twitter.com/R2RRPmS101
A small triangle formed today, upon it’s break we’ll see if its valid. This is a 2 minute ES Dec contract chart. pic.twitter.com/TdOOGgjydZ
Notice the resistance level. Need to break through this level on the upside pic.twitter.com/LYCQGIlnJg
10 minute ES Dec Contract showing a 3 step down beginning late last night and ending this morn. Now we wait for higher highs or lower lows pic.twitter.com/RfjSdqPMTm
Top of envelope yesterday to bottom of envelope today. Almost 60 minute buy signal, green is below green line, red is not above red line pic.twitter.com/1AgFEqknjs
The FCC changed the rules years ago just so corporations could have a media monopoly twitter.com/DrJillStein/st…
I don’t know why CNN takes so long for their poll results. Wasn’t it already decided before the #DebateNight? #TrumpWon
Trump won’t commit to accepting election results WHAT????
Tweets about FNN today made me think back to the 1980s, where I was lucky to receive FNN TV network. #1 Commentary #2 1982 Dow Jones figures pic.twipic.twitter.com/xVdvLj8EFr
Sue Herera and Bill Griffeth were co-hosts on FNN until FNN was merged with CNBC in 1991 pic.twitter.com/IUkcg8WUTi
Video Oct 1987 crash. FNN was an LA station. Look at the young Bill Griffeth (now on CNBC) youtube.com/watch?v=HKllAh…youtube.com/watch?v=AoarNx…
The recent downside wave count. If correct should have a decent rally until we say: Oh no, Trump is President or Oh no, Clinton is President pic.twitter.com/SiZQCdGrwr
Remembering crash of 1987 (back Monday) with market down 22% in one day. Article links are near end of page. tinyurl.com/gm3bnqm
@SuperDaveTrades I wouldn’t say no to that & reverse could be true too. Election has some slippery repercussions that might take place???
@wekim77 Posted a chart, that doesn’t really answer your question, but it’s the best I’ve got for the moment. Maybe down after election??
This is a possible count to the upside and a 5 count on the recent wave to the downside Definite possibility that downtrend 3 isn’t finished pic.twitter.com/3lx2w5fdty
Oct – May have bottomed early & begun slow rally into Nov How far rally goes is questionable, but I can’t join the big bear camp . . . yet
Oct seasonality, Presidential election year is black, all years is red. This shows a bottom late in the 3rd week and then rallies into Nov pic.twitter.com/iMgPpbOzTo
Small converging triangle with breakout today, chart 1 shows measurement, chart 2 shows the move ending near Aug peak & overhead congestion? pic.twipic.twitter.com/ZWuHzE5Nkd
WHY??? Is this another birther comment?? twitter.com/business/statu…
Good idea, maybe representatives would pay attention 2 our problems & wouldn’t spend every waking moment raising money for their re-election twitter.com/rmanfredonia/s…
Falling and hitting your head while on Coumadin is a big deal, like forming a clot on your brain, but worse a fatal hemoragic stroke pic.twipic.twitter.com/MvXnDBZT59
And half of 65+ shouldn’t be driving. Old people driving cars scares the crap outta me. It’s their indecisiveness that’s scary. twitter.com/AP/status/7884…
Bookmakers were humiliated back in the run-up to the Brexit referendum on leaving the EU. Odds overwhelmingly favored a “remain” vote. twitter.com/wlwatts/status…
Surface tablet just doesn’t cut it twitter.com/business/statu…
Interesting chart RHI is an employee staffing & outsourcing services company located near Silicon Valley twitter.com/jessefelder/st…
SP500 adv dec line made small lower low recently, I don’t think this is a big thing at this time, unless we don’t get a more extended rally pic.twitter.com/10cIYT8GRi
Jeff Saut said 4-6 months, but looking back, I would say 2-3 months isn’t out of line. twitter.com/Stock_Trend_Ch…
History Made: Kevin Fiscus Shatters 5-Second Barrier On Drag Radialsdragzine.com/news/history-m…
Soon doesn’t necessarily mean tomorrow. It just means tomorrow to a few days from now.
We’re in oversold territory and are due for a bounce soon.
1st chart = SP500 advance decline line 2nd chart = NASDAQ net new highs 3rd chart = NYSE net new highs pic.twipic.twipic.twitter.com/eL5sgBXU5C
UH OH Concerned Trump won’t recognize election results cuz it’s “rigged”. “Might” trigger violence like 1896 pic.twipic.twitter.com/S3eh98a7fs
If wide spread violence breaks out after a Clinton victory, it won’t be good for the stock market. Minor violence will have a minor effect
Trump’s “Rigged” election claims are unnerving me cuz I know there are some folks that will resort to violence if Clinton is elected
Psychologists call it “Election Stress Disorder” Yup, the election has driven me cuckoo, I’m older & suffering worse than younger people.
Major bear markets are preceded by contraction in Advance-Decline Line lasting for a period of at least 4 to 6 months before S&P 500 high. pic.twipic.twitter.com/mJ7UKeZiBm
Assets in bearish mutual funds just dropped to the lowest level since the onset of the August 2015 market rout.
Mike Burk Comments …arketobservations.files.wordpress.com/2016/10/techni…
LONG TERM = 4TH LARGE STEP RALLY SINCE 2009 SHORT TERM = Negative seasonality “should” begin to taper off stock-market-observations.com/2015/03/31/bre…
Too many bears presently for a meaningful decline, but the market is uneasy about a Trump Presidency. Many unknown factors in that instance
Cumulative high-low Last 2 years 1981 to present Price needs to rally SOON like it did in Oct 2012, or it becomes a downtrend TOO MANY BEARS pic.twipic.twitter.com/LnYXhPoRum
Vote no on yes
This is what the seasonalty chart shows after the Oct low near mid-month pic.twitter.com/mHTPZxni97
Fed’s Yellen sees benefits in letting inflation exceed central bank’s 2% target Devalue the debt, cuz this is the typical way USA does it
YUP It’s Official: This Election Is Driving Americans Nuts And it’s the oldest among us who are suffering the most.
ADX daily is close to giving a buy signal, red line should move higher, green line is already in buy territory pic.twitter.com/127RMsfIax
Daily chart bouncing off a red trend line. Needs to make a higher high and break the purple down trend line. pic.twitter.com/Dc385sTIjX
Earlier the market was banging against the 60 minute upper envelope. It looks like 2nd step & should have another attempt at the upper line pic.twitter.com/FbBY2QXXTX
THOMSON REUTERS/PAYNET SMALL BUSINESS LENDING INDEX pic.twitter.com/or7nFPzSzl
Dr. Van K. Tharp in “Market Wizards”: “When people approach the markets, they bring their personal problems with them”. Whoa, I like that
Wells Fargo CEO Stumpf walks away with $137.1 million He did a good job opening up so many new accounts. That must mean he did good.????
Putin isn’t tampering with our election for President. “Putin Ally Tells Americans: Vote Trump or Face Nuclear War”nbcnews.com/news/world/put…
On 2nd look the market didn’t start down until after the market closed. Market has fallen -13.50 SP500 Dec contract points since the close.
Hopefully I will be able to do some number projections and see where the target low might be. Bringing my wife home from hospital tomorrow.
Just got home from the hospital and see it was another bad day on Wall St. It appears that we are in the 2n step down that began on Tues.
About ⅔ of the world indexes are declining today
@SJD10304 just make sure it doesn’t surprise you as it unfolds (possibly)???
Likely be off-line all day tomorrow cuz my wife is having surgery. It should be a non-event, but we’re old, stuff happens & I worry a lot
@wekim77 Some BIG winners along the way. NOBODY believed that the end was coming. Jan 2000 & I went totally quiet knowing the end was near
@wekim77 I count very crudely with just a StockCharts cycle spacer (trading days). I’ve always believed in fuzzy days at the end of a T
Interesting analysis, but he says it might not be valid. For some reason, I can’t duplicate the chart jlfmi.tumblr.com/post/151628933…
Sterling Surges After UK PM May Appears To Back Away From ‘Hard’ Brexit zerohedge.com/news/2016-10-1…
I can’t comment on this tweet cuz I’ll automatically become more than one of those on the list twitter.com/SJosephBurns/s…
This is the most amazing Presidential race in a very very long time. 200 years ago, politics were brutal in the U.S. twitter.com/PatrickW/statu…
More Americans are falling behind on their car loan payments, S&P says bloom.bg/2d5ODGf pic.twitter.com/au4j9UvDZJ
Those were the good old days, buy a dot com and make money . . . until March 2000 twitter.com/SJosephBurns/s…
Go behind the scenes tomorrow with @therealautoblog for an exclusive Facebook Live! #Ford #Mustang #GT350 pic.twitter.com/F5ltEUB8CQ
Traditional way is #2, or inflation, only we can’t get it started. Oh no, what will we do??? twitter.com/SJosephBurns/s…
Hey, this could be a head and shoulders formation under construction? twitter.com/SJD10304/statu…
Have perspective and you’ll have a better idea or when to buy or sell. This is one of the hardest ideas to accomplish in the stock market twitter.com/SJosephBurns/s…
Somebody mentioned learning curve today. Here is what I think of the learning curve for stock market versus tech, medical or social work pic.twitter.com/nv5D3xKl2r
I was a big follower of CAT if Trump had won the Presidency. He would have done a lot for infrastructure, a badly needed USA improvement twitter.com/chartoftheday/…
10/4/00, Gore was up by 11 pts. Swung to 13-pt Bush lead on 10/26. Vote was a dead heat. Current polls matching pattern, parties reversed. pic.twitter.com/xjoyq6RstX
Wedges like this in the final step up are very bad. Only question is . . . was this the last step up??? I’ll let you know in another year. twitter.com/TheChartmeiste…
An extreme version of the present triangle. I view the triangle as beginning in Aug 2016 and short term in nature, but things happen . . . pic.twitter.com/kUgxdJXFTO
Alcoa stock slammed by earnings ‘disaster’ as season gets off on the back foot 5 or 6 down quarters in succession for Alcoa
One bad day and it’s 1987 all over again, I don’t know if it’s true or not, but don’t fight the tape. businessinsider.com/the-sp-500-loo…
Not that this will happen here, but this is a lesson in hyper-inflation 428 billion marks for loaf of bread – 1920s businessinsider.com/art-cashin-on-…
US Navy ship fires 3 missiles in defense after being targeted near Yemenbusinessinsider.com/us-ship-fires-…
‘Russia to the US: If you want a confrontation, ‘you’ll get one everywhere’ The peace dividend has apparently run out, more money 4 defense
60 minute down envelope has been penetrated, so that means it’s over for now, or very soon it’ll be over pic.twitter.com/mvCAp6oU0L
60 minute ADX buy signal, these are short term. Daily ADX buy +DMI has been signaled, but sell -DMI has not risen to oversold pic.twitter.com/w6TiCJbXvW
Probably the end of the blood letting for now. Looks like 3 steps down as long as it doesn’t sub-step pic.twitter.com/ovoPbSSAoI
Close to a 90% down day today
SPX bullish percent has been in a slow deterioration for the last month pic.twitter.com/l9JgnyQqy8
Weekly Advance Decline line since 2006, peak occurred in June 2007, non confirmation in Oct 2007 pic.twitter.com/io9Z8cbcqa
Jeff Saut’s verbal comments today are railing against removing uptick rule & the change to penny quotes instead of ⅛ quotes. Harmful changes
I’ve read this letter & don’t understand the crime???? I was totally against removing the uptick rule in 2008, it was sheer stupidity!!!! twitter.com/ILCoins/status…
Presently market looks like 2007 with peak in Jun 2015 & non-confirmation presently. A bit early to declare this as 2007. pic.twipic.twitter.com/qqMnlyc03K
1st chart – 2007 peak July 2007, non confirmation new high Oct 2007 2nd chart – today’s chart If market in trouble will look like 2007 chart pic.twipic.twitter.com/vguaYZBgfB
Sell Rosh Hashanah, Buy Yom Kippurstockmarketalmanac.co.uk/2016/09/sell-r…
Samsung will no longer make the burning phone. They’ll just fix the battery and put another model number on it and away they go.
Seasonally shows a possible bottom soon with subsequent strong rally. I’ve seen this many times in Oct although the declines can be whoppers pic.twitter.com/Xrt3sfOzkh
What if Wall St has wrung out all that’s possible from Obama years?? We’ll wait & see about that, but this certainly smells of a Clinton win
Wall Street realizes Clinton will win Presidency & it’s not all that enthused. Just 4 more years of Obama, which have been kind to Wall St
LONG TERM = 4TH STEP UP SINCE 2009 to all-time highs?? SHORT TERM = Negative seasonality has entered the picture stock-market-observations.com/2015/03/31/bre…
I wonder if Trump realizes he is on a WORLD stage and his campaign will follow him for the rest of his life, and particularly business life.
Trump “It is so nice that the shackles have been taken off me and I can now fight for America the way I want to” I didn’t know they were on
Well, it is October after all. marketwatch.com/story/sp-500s-…
Didn’t take long after my triangle warning before it broke out to the downside twitter.com/Stock_Trend_Ch…
Forming a triangle on the daily chart and very close to its apex. pic.twitter.com/MyTl7iTujq
23 world markets are down today, and 20 world markets are up today. Almost 50-50
Going 2 have 5th attempt down to 2134 ES Dec??? OR, did we finish decline, with 1 up & more 2 go. True direction by higher or lower figures pic.twitter.com/Sls8fM1edo
Mike Burk Comments …arketobservations.files.wordpress.com/2016/10/techni…
No doubt spraying pesticides, but this doesn’t look good when you think about eating veggies twitter.com/HealthRanger/s…
This is likely incomplete, but it has paid to be a buyer when CNBC pulls out its Markets In Turmoil. pic.twitter.com/s5gUo7VS9O
Here’s a looksie at all double inside weeks in the S&P 500 over the past 20 years. pic.twitter.com/ydOrHvWDl5
This has been one interesting & historic Presidential race. I knew it was going to be interesting with Trump in it, but . . . Damn.
The Tweets that I follow/read can be found on twitter.com/bobswavecountsPoor guy is homeless, but he follows mostly technical market tweets
CLASSIC Notice how the market took off on a sharp rally on the jobs report, peaked and crashed, rallied slower, then began the decline. pic.twitter.com/09S8XDiNrQ
Hit the bottom edge of the 60 minute envelope, usually a hesitate or rally spot Kinda early for a rally spot Those Ts expiring are warnings pic.twitter.com/RkJIQfg4pb
Be prepared for anything coming your way, friendly or a Brexit creature …arketobservations.files.wordpress.com/2016/10/z-gene…
Terry Laundry Ts expiring now or soon. Chart from Jeffrey Youngstockcharts.com/public/1649458 pic.twitter.com/UephQyVF2u
WSJ Brexit Turns Ugly for Pound, Gilts The pound is tumbling and U.K. government bond yields are rising. Political risk is arriving in style
CA Gov. Jerry Brown (D) signed a bill allowing felons in county jails to vote in CA elections. Maybe the felons are secret republicans
CA Assemblywoman Shirley Weber (D-San Diego) said allowing felons to vote would reduce likelihood of convicts committing new crimes. WTF????
Converging lines are afoot in different indexes. “Come along, Watson. … come! The game is afoot.” pic.twipic.twipic.twitter.com/ScaI10kQY3
DJ Industrials are hugging lower line. Friday jobs will likely be an ignition source for movement. Watch for trap, early move then reverse pic.twitter.com/wQNfVk4SVm
@johnscharts Our prayers are with your son for a FULL recovery
My son begins chemo treatment tomorrow, so I will be less accessible. Thanks for everyone’s support! #prayers
Noticed that I had made a mistake on the yellow wave count, missing 1 down thrust. Jobs “could” be an ignition source – up or down?? pic.twitter.com/kxKaVbrBf9
Not much change today in the chart, rebound off of sold red lower line Jobs report tomorrow pic.twitter.com/Xy9ZHwNQR3
Same chart as before only with a red dashed line that is parallel to solid bottom line pic.twitter.com/T1nVPaf12u
Possible wave count. It’s also possible that we are having a 3 step rally with lower highs after step 4 down completed, breakouts determine pic.twitter.com/5bR2bTzR0j
Market is DEFINITELY coiling into a triangle pic.twitter.com/d85Wirv5Je
@Mark3tTim3r Price is always number 1 with me.
@Mark3tTim3r It’s kinda everything in his weekly lessons. That was Terry’s specialty, measurement Ts. My own Ts are sometimes dead-on & NOT
@Mark3tTim3r stockcharts.com/public/1169350 PAGE 1 CHART 7 & CHART 8 And then anything in his reports regarding predictions, oscillators & his Ts
Slow putting up tweets cuz it’s not me falling apart this time, but my wife. Gettin’ old is a bitch. Whoever said “Golden Years” was lying.
Drew an approximate placement for a trendline parallel to upper line for possible support. pic.twitter.com/Bgyx4NWG2p
@Mark3tTim3r Terry’s Foundation is going to take over paying for my blog after I croak. Info will be preserved as the foundation continues
Possible wav count thru today. Maybe market is going to break lower red line? Red line “may” find resistance at parallel line to upper line pic.twitter.com/AyFi7PoYuf
Guy live’s in cardboard box in an alley, but he only follows technicians that produce GOOD TWEETS – @bobswavecounts Follow us both pic.twitter.com/9IiZMK5Taz
Got more than 3 white soldiers in a row (5 green candles at right) This occurred in numerous other indexes, so I consider it valid & bullish pic.twitter.com/hNs8Dlan0L
Another wedge from the Russell small cap index pic.twitter.com/wom3U6F7WA
Looks like a valid wedge so far I’ve seen wedges turn into parallel uptrend lines, for now it’s a wedge pic.twitter.com/IKhmWcejUe
Mike Burk Weekly Comments …arketobservations.files.wordpress.com/2016/10/techni…
The 625 RWHP Mustang is the scariest car I’ve ever owned, prior to this one, the scariest was my 1968 Dodge Charger R/T pic.twipic.twitter.com/7d0ByPoRYH
The content page of Muscle Mustangs and Fast Fords for Nov 2012 showing the Screamin’ Demon pic.twipic.twitter.com/DgnCWmIWoO
My car built by Terry Schroeder. Published in Muscle Mustangs & Fast Fords in 11/2012. 10.8 ¼, front Ghost Flames tinyurl.com/gl6zrw3pic.twipic.twipic.twipic.twitter.com/psE7xL7SpO
LONG TERM = 4TH STEP UP SINCE 2009 to all-time highs?? SHORT TERM = Doesn’t want to go down in negative seasonality stock-market-observations.com/2015/03/31/bre…
Sep 2016 – 311 TWEETS
Cops Arrest Teen Driver For Going 146 MPH – In A 2004 Dodge Neonstreetmusclemag.com/news/cops-arre…
I was about to leave my girlfriend because she is too controlling but she said no… so we are still together.
How do frogs die? They Kermit suicide.
when they read side effects in prescription drug commercials they should show the actors actually suffering from them instead of canoeing
There is that old minor high failure, we gotta get it next time or else, although we could have a small 3 step down B4 next attempt pic.twitter.com/9doYdIrNso
Former Navy SEALs, Jocko Willink & Leif Babin talk about importance of waking up at 4:30 am every day. My heart doesn’t start until 8-9 am
Badass selfie in the retired SR-71, Blackbird (spy plane and FAST) pic.twitter.com/YTxrGm30oV
Wow, even God had a comment about Arnold Palmer twitter.com/CallawayGolf/s…
Remember when the news was just the news, no editorializing And then 24 hour news started Walter Cronkite, the most trusted man in America twitter.com/VibeHi/status/…
Both parties screwed the pooch twitter.com/MarketWatch/st…
HEY it’s 100 degrees in southern CA and this has got to be Clinton’s fault
@wekim77 Very true, but market never accommodates a wide majority, little majority is iffy both ways, but big is no way. Look risk on chart
Just tossing it out there as a “what if” twitter.com/SJD10304/statu…
No wonder can’t get any work done. Heard from good friend & he says he is buried under emails. Not words heard but unnecessary interference twitter.com/steve_hanke/st…
1% of population are fabulously dressed twitter.com/focus1234567/s…
Deutsche Bank: A Lehman moment — or not? 🔓on.wsj.com/2dvo4Lyt via@jmackin22
Voter revolt – Democracy in action. luv it Makes BOTH parties wake up to the voter dissatisfaction. Amazing & history is being made in 2016
FDR was President when I was born, only remember Truman. This is the strangest weirdest election of my lifetime. Never witnessed vote revolt
Is market supported by the Clinton election expectations? If Trump is elected (gotta keep his foot outa his mouth) would market decline????
Gotta make higher highs than the late Aug all-time highs. Failure at highs is expected on 1st attempt. Buncha failures wouldn’t be good pic.twitter.com/2xz7yNaShZ
It looks like we had a successful retest of the double bottom a few days ago. Looking for higher highs to authenticate this nice move today. pic.twitter.com/X61QHmtRlX
We might be getting another step down. There are 2 declines in what appears to be 1st step down which could mean we’re in 3rd step now??? pic.twitter.com/EDBxHxXZFM
How many went to jail over the 2008 banking fiasco, so it will be no surprise that Wells Fargo executives are going to skate twitter.com/OurRevolution/…
Good idea to watch Tom’s studies twitter.com/McClellanOsc/s…
Investors should stay away from shares of Deutsche Bank & remain defensive in financial markets, said Jeffrey Gundlach Duhhhh, really???
Do you know that the financial year of the Federal govt begins on Oct 1 & ends on Sept 30. Thus the anxiety in Sep & Oct. Make sense to U
We’re in a very negative part of the year. It will end when Oct is gone. In 1987 the crash was on the 19th so it can come early or late
No lower lows so no panic is necessary & if we don’t crush the double bottom of a few days ago, things are not horrible, just concerned
We gotta keep an eye on that red upper trend line pic.twitter.com/roe7iSedP6
FED is cruising along churning out lotsa money for the economy pic.twitter.com/KuAbODHjIH
You can launch the live drag videos by going to SpeedVideo.com Date and times below pic.twitter.com/xztdAa4I8p
We got white candlestick today, mentioned yesterday. If get a 3rd white candlestick tomorrow, will be called 3 white soldiers, very bullish pic.twitter.com/mN2Jah90ix
“Most successful investors, in fact, do nothing most of the time.” Jim Rogers
“No matter what we all know today, it’s not going to be true in 10 or 15 years.” Jim Rogers
In 2008 stocks were a good buy . . . . . Goodbye Mercedes, goodbye yacht, goodbye vacation home, goodbye . . . -Ed Hart (modified for today)
Market Correction – The day after you buy stocks. – Anonymous
Economists have predicted 14 of the last 3 recessions. – Anonymous
Money talks, but all mine ever says is “goodbye” – Anonymous
Never check stock prices on a Friday, it could spoil your weekend. – Anonymous
Wall Street is a street with a river at one end and a graveyard at the other. – Anonymous
Those who can . . . do Those who can’t . . . teach Those who can’t teach . . . work for the government. Gurus teach selling their service
P/E ratio – The percentage of investors wetting their pants as the market keeps crashing. – Anonymous
“If Santa fails to call the bears will roam on Broad and Wall” – Lucien Hooper
Often times WHEN you take a position can be more important than WHAT you take a position in. – Anonymous
Don’t marry a stock. Every stock must be sold. – Anonymous Growth stocks eventually get old and must be sold, not held forever
The public is right during the trends but wrong at both ends. – Humphrey Neill Public never seems to learn this axiom, cuz they’re Geniuses
Nobody is more bearish than a sold-out bull. – Anonymous
Let Wall Street have a nightmare and the whole country has to help get them back in bed again. – Will Rogers
Wall Street never changes, pockets change, suckers change, stocks change, but Wall Street never changes, because human nature never changes
Don’t ever make the mistake of telling the market it is wrong. – James Dines
When you realize that you are riding a dead horse the best strategy is to dismount. – Sioux Indian Proverb
Spend at least as much time researching a stock as you would choosing a refrigerator. – Peter Lynch
Don’t catch a falling knife. – Anonymous
Hope is your worst enemy in the market. – Anonymous
Return of principal is more important than the return on principal. – Anonymous
Markets can remain irrational longer than you can remain solvent. – John Maynard Keynes
A buy and hold strategy is a short term trade that went wrong. – Anonymous
A bubble is a bull market in which you don’t have a position. – Anonymous
The hardest part of a bull market is staying on. – Anonymous
Buy the rumor, sell the news. – Anonymous
The main purpose of the stock market is to make fools of as many people as possible. – Bernard Baruch
If all you have is a hammer, everything looks like a nail. – Bernard Baruch
I made money by selling too soon. – Bernard Baruch
Emotions are your worst enemy in the stock market. – Don Hays
Stock are bought on expectations, not facts. – Gerald Loeb
If you have trouble imagining a 20% loss in the stock market, you shouldn’t be in stocks. – John (Jack) Bogle
“Whenever you find hope or fear warping judgment, close out your position” – Richard Wyckoff
History always repeats, only the details change. – Edson Gould
“This time it’s different” was prevalent during the bubble of 2000. In 1929 it was called “New Economics”. – Bob
The four most dangerous words in investing are “This time it’s different”. – John Templeton
Rule#1: Never lose money. Rule #2: Never forget rule #1 – Warren Buffett
The time of maximum pessimism is the best time to buy and the time of maximum optimism is the best time to sell. – John Templeton
“Essence of investment management is management of risks, not management of returns. Well-managed portfolios start with this precept.”
I know old traders, and I know bold traders, but I know no old and bold traders! Anonymous
I could be afraid of the next “true” bear market. A bear market is one that lasts over 1 year & declines 40+%. Rest are just corrections
I must admit banking crisis of 2008 scared the crap out of me cuz I saw the possibility of a complete collapse in the USA. Never afraid B4
I’m not a guru, but I’ve been around the block many many times and recognize certain similarities to the past. I’ve seen it all
How many gurus did you see during 2008-2009?? None recognized March 2009 bottom!! Gurus always gear up well after bull market beginnings
Best quip, & I experienced it while a teenager DON’T CONFUSE GENIUS WITH A BULL MARKET ALL GURUS disappear in next BEAR market
After a bullish engulfing candlestick yesterday we were supposed to advance today and we have done that pic.twitter.com/D5URNE8v1m
Video: How To Win A Burnout Contest With Your New Hellcat Challengerstreetmusclemag.com/news/video-how…
@focus1234567 I put up a “true” 60 minute envelope on : PAGE 3 CHART 1 – – 60 MIN – RSI, ADX, VORTEX, 5 HOUR TRIN, ENVELOPE
We had a bullish engulfing candlestick today. Supposed to be followed with a white candlestick tomorrow pic.twipic.twitter.com/qdR2DujKUi
We “should” have a better rally, but may have only completed 2 steps down. Thought middle of Aug was step 1 down cuz of count up from June pic.twipic.twitter.com/zCJpFHEjgT
We didn’t make a higher high today after last night’s rally. That failed to impress me. Gotta make higher highs to have a trend pic.twitter.com/U4hwb9CCqJ
Keep track of crime in your neighborhood. It’s a good idea. Set range at 1 mile. CrimeMapping.com
Just about all of the betting sites in London said there was no way that BREXIT would pass, so the betting sites can be way off. pic.twitter.com/3htGmWpH8Y
Trump’s gotta keep his cool in the debates I noticed him sniffing during the debate and he said he didn’t have a cold or the sniffles? WTF?? pic.twitter.com/GfnUz3XdKo
Broke downtrend channel started last Thursday 2nd chart shows rally from 9/12, decline shows decline after step 2 up Decline could be over? pic.twipic.twitter.com/XCyPMlWDrv
Forever Arnie’s Army
1960 US Open 3 unsuccessful attempts to drive 1st green, Arnie drove it in the 4th round & on to victory. Annie was -7 strokes on last day
Palmer popularized a modern, exciting form of golf, often scrambling to save par after having driven off-line into the woods or a bunker.
Asked how he made 12 on 18th hole of 1961 LA Open, he replied, “I missed my putt for an 11″ Following week I followed him 4 days to victory twitter.com/BrodyLogan/sta…
@SuperDaveTrades Good idea SD, I’m going to add that to page 5 of my charts
Mike Burk’s report for Saturday, PDF file at my blog site …arketobservations.files.wordpress.com/2016/09/techni…
Percentage of new lows is really quiet, if someone is selling lotsa stock, it’s well camouflaged pic.twitter.com/6M2RFv5MID
2007 peak as shown by the number of new lows Chart shows Jan 2006 to Jun 2009 pic.twitter.com/K4KJ0oKau2
ALTRIA (formerly Philip Morris) is experiencing a multi-step correction, 1st in long time Altria is noted for high dividends & capital gains pic.twitter.com/SWhzkyMOte
Did your see “Modern Family” on TV this week??? It was one HUGE product placement on show. DIS probably paid more than show cost to make
Regardless of who is President, we’ll have more money spent on infrastructure, hence CAT is up But if Trump wins, more $ will be spent pic.twitter.com/bYItim1UAC
M2 money supply MACD shows the speed of the change in the M2 money supply pic.twipic.twitter.com/d8xVeQXa33
Inverted unemployment job claims still staying strong pic.twitter.com/Fc56mhuuBM
Value Line peaks & SP500 peaks Long lead time going for 2000 – 2001 peaks, maybe repeat again?? 1998 Asian currency crisis scared investors pic.twipic.twitter.com/SxmCa3epT7
Russell micro caps are in lock step with Value Line and Russell small caps Meaning the generals leading the last charge & can stay up awhile pic.twitter.com/ILIDG998JF
Russell small cap is agreeing with the Value Line Geo pic.twitter.com/BaATjblC6j
Value Line Geometric can be an EARLY warning index, way early sometimes pic.twitter.com/0hJypByfrL
DJ Industrials mirror the SP500 nicely, but lets look at some of the other indexes pic.twitter.com/Yr3yOhBciH
SP500 completed 2 smaller steps up since the decline that followed end of step 3 1 more step & correct, OR Is this steps 4 & 5 after step 3? pic.twitter.com/ifuUR5rYSb
AMZN has doubled since its Feb bottom, that’s pretty fast paced pic.twitter.com/p37RzfFFSh
Amazon keep roaring along while GOOG is playing with this top are for the 3rd time Rest of the FANGS glamour stocks are a little sick pic.twipic.twitter.com/9X4dxkMVBz
Put / Call ratio has been asleep for Sept on the centerline pic.twitter.com/BemlTwasKO
Longer term has a ways to go B4 it geta into overbought territory pic.twitter.com/0Pot28osvO
We hit a short term overbought last week pic.twitter.com/uThs2tjDmj
We’re getting a bounce at the 500 line, which is normal to bounce somewhere in the area of the +500 line pic.twitter.com/Disr3bafxD
This chart gave a good early warning back in 2007. I posted the old chart a week ago or so. pic.twitter.com/Mtyv7nhKni
Net new highs are rising again after a short & mild slowdown, gotta keep going & make a new high though, no fair quittin’ B4 the old peak pic.twitter.com/7giiQRAsr3
LONG TERM = 4TH STEP UP SINCE 2009, all-time highs?? SHORT TERM = Doesn’t want to go down in negative seasonality stock-market-observations.com/2015/03/31/bre…
Not much of a response from the ViX on the decline pic.twitter.com/15R9oBKulx
Close to the lower trend line, we’ll see if it holds and becomes a buy point?? pic.twitter.com/kNoPm0ioQQ
The Venom GT Spyder makes my Cobra look really slowhennesseyperformance.com/worlds-fastest…pic.twipic.twitter.com/ozSF0OsZs0
And if a fast SUV isn’t for you, how about this one? I got the need . . . the need for speed hennesseyperformance.com/worlds-fastest…
Sep. 9 selloff gapped the DJIA down through 50MA. Post-FOMC rebound seems to have bonked against it. pic.twitter.com/UsY9a4A2D7
Trump is headed for a win, says professor who has predicted 30 years of presidential outcomes correctly wapo.st/2cqpalK?tid=ss…
uh oh Are we spending more or is income tax receipts falling. I don’t delve into such things, I let other people do it. I look at tea leaves twitter.com/steve_hanke/st…
Wonder where they’ll be in 5 or 10 years? I guess these guys that tell you they’re getting 200-300% income per year can do it, but I can’t twitter.com/carlquintanill…
Now that’s an SUV Hennessey Will Sell You 842-HP Escalade Enough power to hit 60 mph in 3.9 seconds tinyurl.com/zzptwls
@wekim77 reaching a low sometime in 2nd year & then reflate The 4 year cycle used to work so perfectly (when I was young) & now, who knows??
Good chart and write up mcoscillator.com/learning_cente…pic.twitter.com/ZGoOEEDMo8
Cuz FED is going to begin raising rates after the election. That’s obvious cuz Yellen could give NO reason whey they didn’t raise rates Wed
The simplistic method of buying in Nov & selling May could fail. What if a decline starts sometime after the election (ending in March)???
6 of 39 world indexes were down today, rest were up, good day in the world
“Fed is ‘perilously close’ to losing its credibility” Anybody that has been around the block a few times knows this happens during elections
The Russell 2000 small cap got in gear today with the large caps, getting ready to make a higher high made in early Sept, all is well then pic.twitter.com/RT9ngegzsq
Stock market action in Sep seems to confirm wave count. If it makes it thru Oct with no crisis, we’ll have to say this wave count is correct twitter.com/Stock_Trend_Ch…
LONG = 4TH STEP UP SINCE 2009, need higher all-time highs SHORT = Just doesn’t want to go down stock-market-observations.com/2015/03/31/bre…
Had to add a higher trend line for today’s rally Advancing in the last half of Sept is a big deal pic.twitter.com/lfcVqjM745
white background charts come from the following linkstockcharts.com/public/1169350 black background charts are made on my computer – no link
Interesting how those 2 upper “guesses” at a trend line are working out, but things change so we’ll see how tomorrow goes. pic.twitter.com/qufJBMGVS3
Had a 90% up volume today but only 80% advance pic.twitter.com/YbFkyDwIcb
You can find the cumulative high-low chart updated daily at PAGE 1 CHART 1 – – NYSE HIGH LOW on this link stockcharts.com/public/1169350
IMPORTANT Cumulative high-low for 2007, for future reference. Any correction didn’t make chart decline should be bought 2007 & 2016 charts pic.twipic.twitter.com/mJ0HwwUzQl
I’ll watch the expansion of highs & lows on this rally pic.twitter.com/yvzJCq4yRH
Barbara Kollmeyer The crowd wants this stock market correction too badly for it to happen, which bolsters our shallow correct call YUP & YEP
Cracked the first parallel upward trend line, see what happens on the next one higher??? pic.twitter.com/PT9rOFBA4H
We’ll see if the parallel upward line is the termination line for a pull back pic.twitter.com/F5F4YXnXao
Russell small caps are not keeping up with the large caps, don’t particularly like that pic.twitter.com/jjBcdupAwx
Having problems breaking the cyan line pic.twitter.com/HuM9Mp7vjm
AMZN never wants to take a breath to let money roll in without spending it on a new project. Meanwhile devouring brick & mortar stores twitter.com/Stock_Trend_Ch…
It’s long term objective 4 AMZN. Remember how they burned thru money in early years to reap the effects much later. Compare them to old APPL twitter.com/TMFOtter/statu…
Sometimes about 45-60 min after the FED announcement, the market starts to move with vigor. That usually means sentence parsers are finished
Looking for a higher high to validate a break to the upside, until then it’s stayin’ in the triangle pic.twitter.com/pDBPLEoXgW
As expected no change by the FED Now people will sit down & parse out each sentence if there are any words changed. Triangle is still intact pic.twitter.com/dEymLxFa37
It seems that the BOJ can’t win no mater what they do twitter.com/elerianm/statu…
DAX up 1% tonight, SP500 is up less than .6%. They’ll probably wind up closer together near Wed close Maybe there is loose lips at the FED
The whole world is advancing tonight including Japan. Keep it up and we’ll have a good day tomorrow. investing.com/indices/indice…
Up 10 pts in SP futures tonight. Europe opened, let’s see what influence they play tonight. Unusual 2 advance B4 FED’s announcement. LATER
You can lose followers on Twitter cuz the follower’s account was suspended. I wasn’t aware of how often that happens. 3 suspensions today
A triangle that began on 9/12 will definitely be broken tomorrow when the FED makes their announcement pic.twitter.com/KY8DWIhJAt
Just got home, but there is the 3rd step down that I mentioned earlier 1 minute ES futures pic.twitter.com/VD1jZVVlaX
After 3 pulses to upside, will it penetrate trendline on downside, or meander around pic.twitter.com/wMTIeCsxBY
Instead of a triangle, call it an uptrend, but it now has 3 pulses to the upside & should correct again pic.twitter.com/0JK8njrCoY
Triangle still intact, but it just broke to the upside again, gotta see a good higher high to validate this break pic.twitter.com/VWhcTu8cT4
Good looking projection lines on this chart, light blue lines, gotta change the color of those lines so they’re easier to see twitter.com/Stock_Trend_Ch…
@taxfreelt Possible, but price is now back inside the triangle. I might guess that we rallied after step 2 down & step 3 is on its way
London has a nice rally going since 9/15 60 minute London futures chart pic.twitter.com/LXAixuks34
Nikkei can’t stop going down, chart is 60 minute Nikkei futures pic.twitter.com/Jhu6wDsgFr
Just broke triangle to the upside, which might prove to be a false breakout, we’ll see in few minutes pic.twitter.com/4dWxU32xIG
Small triangle forming over the last couple of hours, 1 minute chart pic.twitter.com/TEle1SVcgE
@JasonBondPicks You’re right, I’m broke and destitute (sorry for the big word). I’m bored and you won. Hopefully that’ll keep you quiet.
Can’t believe something like this doesn’t get shut down quickly. They must not be breaking any Federal law???? Sure looks wrong. twitter.com/Stock_Trend_Ch…
@JasonBondPicks Although it can be fun sometimes, I’m now bored acting like a little kid
@JasonBondPicks Amazing you made so many responses defending your honor. Personally, I would ignore those comments having nothing to prove
LONG = 4TH STEP UP SINCE 2009, or slower version of Oct 2007??? SHORT = See My Daily Comments For Trending info stock-market-observations.com/2015/03/31/bre…
Stick a pin in one of these guys and they get pretty excited. Promoter I liked best was kid that still had pimples and was making big claims twitter.com/Stock_Trend_Ch…
@JasonBondPicks I’m impressed by your ability to manipulate output from your computer.
@JasonBondPicks All hat and no cowboy
@JasonBondPicks Naturally you have audited results to show your customers??? How do you know I’m not rich, I’ve been doing this since 1957
Just can’t trust those guys!! twitter.com/taxfreelt/stat…
A repeat of 2008 since the banks didn’t destroy banking system first time, let’s do it again. Give me Glass-Steagall again & all will be OK twitter.com/RobertCFried/s…
Don’t ya just hate these claims. Penny stocks – get rich now!!! If you can really do that year after year, you wouldn’t be working. Right?? twitter.com/JasonBondPicks…
It always comes from the top, but they build a layer of people that are supposed to fall on their swords B4 it gets to the CEO. twitter.com/PatrickW/statu…
While the market is busy going nowhere, it is zig zagging higher. Most think the FED will do nothing until Dec (after elections)
On Wed the FED will speak and the stock market will fluctuate (wildly sometimes). That’s gotta be the most boring way i can put it.
Looking at a truncated 3rd step, or is this step 3 of 5 steps down?? Other indexes say this might be the end of 3 down but more info needed pic.twitter.com/yhUg9d70cc
FED probably not going to raise rates until Dec, but if they did raise them now & market plunged, I’ll be alert for a bear trap. Lotsa fun
Jeff Saut This week the Fed and the BOJ (Japan) will provide their latest views on monetary policy. We think both will be a non-event.
Tannerite is not regulated by the FEDs, but here is your DIY bomb making supplier ammoniumnitrateforsale.com
RAW VIDEO: Device found near N.J. train station explodes while bomb squad robot was attempting to disarm it. apne.ws/2cMw8Ca
Those that can . . . do Those that can’t do . . . teach Those who can’t teach . . . go into government twitter.com/AP/status/7778…
What’s a space pirate’s favorite planet? Marrrrrrrrrrrrrrs!#TalkLikeAPirateDay
Volume is way down on the SP futures today, probably will stay that way until FED meeting is over pic.twitter.com/UX8l3tswdn
From chart last Friday, projections are still working and so it the Fibonacci radials pic.twitter.com/rMBbBYw1sR
I have trouble seeing either one of them as President, but that’s American politics gone wacky in 2016 twitter.com/MarketWatch/st…
SP futures, after up over 10 points during the night, it’s in the red now
duhhhhhh 3 incidents in one day, hopefully that was it & all is quiet for now, but . . .?? twitter.com/CNBCnow/status…
I wish it wasn’t true, but in gotcha politics, this doesn’t fly. Country’s been broken a long time now twitter.com/NoLabelsOrg/st…
Uh oh This can’t be good twitter.com/CharlieKayeCBS…
@focus1234567 Had me worried for a minute that I screwed up, they are on PAGE 1 CHART 9. They’ve got page 1 status now
You can buy these bombs at your nearest Walmart, Costco, etc and FEDs are gonna register all pressure cookers buyers twitter.com/Cernovich/stat…
BREAKING: Surveillance Video Of #ChelseaNYC Explosion. Note Ball Bearing Piercings In Glass. pic.twitter.com/zUIg2uNcBw
CNN: It was intentional, but it was not terrorism. A 3rd bomb was found, but we can’t call it terrorism. #ChelseaNYC pic.twitter.com/qz6Mn5xsnZ
Where’s the speed (amphetamines) when you need them??? twitter.com/paleodeadlift/…
While major indices were up, breadth indicators headed south. Beginning this week seasonality heads south for month. …arketobservations.files.wordpress.com/2016/09/techni…
@McClellanOsc Yup, but we are getting in the neighborhood of the 500 line, which “could” bring some type of oscillation around that point.
Projection levels in blue beginning at the 2118 level and Fibonacci radials pic.twitter.com/DyZHjUm7DJ
Today’s late rally ended on one of the purple Fibonacci radians, also stopped an earlier decline on another radian pic.twitter.com/LJYVlNsNbj
Since mid day on Thu, notice the red downward impulses, 3 white soldiers (red) in all of the impulses pic.twitter.com/YrFQ5rCkQB
Updating a previous chart, Fibonacci radials are valid support & resistance for the market, how long will they hold? pic.twitter.com/HjV9fcYaey
@SteveAntonTrade Same thing, if I said 3 white soldiers, lotsa people would say where are they???
And another 3 green soldiers near 21:00 yesterday, that was the first warning of more to come pic.twitter.com/33scrQUTfa
Did anyone notice the 3 green soldiers on the first impulse today, again on second impulse & again on third impulse pic.twitter.com/eYgSAyF5Fh
LONG = 4TH STEP UP SINCE 2009, or slower version of Oct 2007??? SHORT = GO FLASH GO (with Queen playing background)? stock-market-observations.com/2015/03/31/bre…
Weekly Chart Long term wave count since 2009 A long term ADX buy signal occurred in Feb pic.twitter.com/M5HF1es4VX
Daily ADX buy signal shown on lower chart, green still remains in the buy area pic.twitter.com/wNCujJsI67
Several weeks of wave count in the ES futures pic.twitter.com/STZJG9DNjk
Other indexes show 3 completed steps down, so we are defintely in a rally phase. We got a daily ADX buy signal too pic.twipic.twipic.twipic.twitter.com/yPwJQZWwQH
Apple accounts for most of this rise The NASDAQ is near its rally high and large caps lag far behind pic.twipic.twitter.com/uMCuAah6wS
Projection levels and Fibonacci radials Radials look good at the moment pic.twitter.com/H4ARNAy4Zu
Amazing that we have a significant decline with barely an increase in new lows????? New highs shrunk to near zero pic.twitter.com/uRpVgn4ZZx
Latest look at recent 30 minute chart Was that a truncated step 2 & 3 down or what??? We’ll see where the rally ends pic.twitter.com/F1znGgKTAW
Double bottoms can make a lower low, just not a SUBSTANTIALLY faster lower low White step 2 down needs a trend break pic.twitter.com/2r5JzsHNxI
Update of wave count from the last few days The decision point of a continuing downtrend is growing near pic.twitter.com/YIoqiB7N0y
Larger perspective of wave count, waiting for a resolution of line formation to show if it’s a base or continuation pic.twitter.com/imB4wC77mD
a couple of days of Fibonacci radians and recent wave counts pic.twitter.com/UPRJl0DWyl
Triangle I mentioned last night was as good as worthless, it formed a ragged line with a max above breakout of 6 pts pic.twitter.com/xo7UlqNJvE
Volume was 90% down, but advance decline was short of 90% pic.twitter.com/UENvmmz7ao
Yup, we’re going higher as we finally broke the triangle to the upside. 5 minute chart of ES futures (SP500) pic.twitter.com/yITbgTCJWF
It turned out to be a triangle breakout failure, but is still possible to break to upside pic.twitter.com/gzKL0MsUi3
Broke triangle to upside and made a higher high bar twitter.com/Stock_Trend_Ch…
LONG = 4TH STEP UP SINCE 2009, or slow motion version of Oct 2007??? SHORT = CHECK DAILY TWEETS FOR DIRECTION stock-market-observations.com/2015/03/31/bre…
Rally for awhile, break the triangle and go faster pic.twitter.com/BD5mOYuOn2
Wave count, price projection, fibonacci downward ray 15 minute ES futures (SP500) pic.twitter.com/AoY8DHZyzN
The last few days of market action, 15 minute chart of ES futures (SP500) pic.twitter.com/b0y5wyvCC1
RUT, small cap & RMICRO, micro cap are down greater percentage than large cap NASDAQ COMP & 100 are down less % pic.twitter.com/wEh3tQUmjL
Most of the world indexes are on the downside today pic.twitter.com/dFjFrMeC3f
Return to neckline of head & shoulders formation. This is normal market action for a H&S. Going higher isn’t normal pic.twitter.com/KFxrhuSgcU
Chart with no retest of BREXIT bottom and present bottom ???? pic.twitter.com/VzZbfWH4Ob
LONG = 4TH STEP UP SINCE 2009, or slow motion version of Oct 2007??? SHORT = BREXIT DIDN’T RETEST BOTTOM, BUT NOW???tinyurl.com/zg8skfq
Big rally today after declining on earlier trading on Sunday pic.twitter.com/JPwXPOy7eT
Damage done should see: (1) bottoming downside action, (2) deeper decline denoting larger correction. Could be #2?? pic.twitter.com/PiumUmdfhY
Count 5 steps down since peak early morning Sep 8. The question: Does the next rally mark step 1 down, or done? pic.twitter.com/CM11ZtkR3S
Down on Sun as expected, but will we rally on Mon? We’ll see what happens when Europe opens in a couple of hours. pic.twitter.com/XEDBTj7KJ4
NORMAL market action after a 90% down day is a few days of rally. So more decline on Sun & a Mon rally, but ANOTHER 90% down day is bad news
From Mike Burk Complete report …arketobservations.files.wordpress.com/2016/09/techni…
See prior chart at PAGE 4 CHART 0 – – MONTHLY INDEXES, link belowstockcharts.com/public/1169350… pic.twitter.com/e4e1bhXPZA
Magnify chart. Large caps made highs in 2016. Value Line, Small cap & Micro caps made last highs in 2015 pic.twitter.com/Ap0lyxl1ff
Not saying this will happen, just a “WHAT IF” What if we had another 90% down day Mon? Brings up lotsa questions twitter.com/Stock_Trend_Ch…
It ain’t over til it’s over twitter.com/TN/status/7743…
I was looking at this head and shoulder formation in the Dow just the other day. Now it’s broken the neckline twitter.com/PeterLBrandt/s…
Stocks, bonds, gold, & oil are all down together. A case of, “When you can’t sell what you want, sell what you can.”
Count from the recent peak, step 3 is subdividing, so it’s over when the downtrend channel is broken pic.twitter.com/mW3wSghZgR
It’s September, what did we expect??? pic.twitter.com/uKxa690LmV
On the list of world wide indexes, the only one that is positive is the VIX So it’s a bad day for everyone everywhere
Not surprisingly, today is a 90+ down day pic.twitter.com/wUYd78Xw1C
SP500 futures started making new lows when Europe opened last night, so we can blame Europe for today’s damage pic.twitter.com/i7rvX2NNWk
The blue chips are down the lesser amount pic.twitter.com/6MItKZOhNK
Prior envelope is a short term daily This is a longer term envelope & not near lower edge, has only passed mid-line pic.twitter.com/u32hPln572
Market is far outside the daily envelope ADX line is near a momentum peak Rule – price low will follow the ADX peak pic.twitter.com/JktVAzsetc
Note how far outside the envelope the market has fallen, 60 min charts pic.twitter.com/xmqq6tJNtT
Blue trend isn’t holding twitter.com/Stock_Trend_Ch…
@Stock_Trend_Chg Crushing the blue trend line at the moment
The daily ADX is near a buy signal. Daily ADX buy signals are longer lasting signals pic.twitter.com/gIp7hXdlDq
A bunch of feeling safe investors highlighted here twitter.com/JLyonsFundMgmt…
Blue trend line connecting the deeper lows since 8/15. Good place for market to hold, but market looks meaner pic.twitter.com/iQYRxam60Z
I gave up waiting for the third step down to appear, but here it is. This step has a big 60 min buy signal from ADX pic.twitter.com/F6nCiNw49I
LONG = A 4TH STEP UP SINCE 2009, or a slow motion version of Oct 2007??? SHORT = DECLINE IN 3RD STEP DOWN SINCE 8/15 stock-market-observations.com/2015/03/31/bre…
I’m bored . . . waiting for my other half to get moving so we can go and get some ice cream. I may go by myself, yeah that’s it
Regardless of who you like, this is funny pic.twitter.com/XcWudsldmz
There are no economic reports coming out tomorrow, so the news in the USA isn’t going to move the market.
60 minute charts Look at the micro caps going up, the small caps (RUT) just started trending flat pic.twipic.twitter.com/BlZfjZ0Sae
There aren’t a lot of people that are BIG bulls, most of the bullish camp are mini-bulls pic.twitter.com/y2BYkBq9Oy
LONG = A 4TH STEP UP SINCE 2009, or a slow motion version of Oct 2007??? SHORT = Rally underway, likely to go higher stock-market-observations.com/2015/03/31/bre…
Counting “Bear Market Substitute”? See chart details, if true, would indicate we are in LARGE step 4 up since 2009 pic.twitter.com/kBPpJHycOi
“Bear Market Substitute” chart has bothered me too & I have wondered if that was all decline we were going to get??? pic.twitter.com/Yq6ENOx6cZ
A probable wave count down and the present rally. Yellow 1 & 2 not etched in stone, may have only been 1 step down pic.twitter.com/bF9QMvW6Oj
SP500 futures had a small decline early and then back to even presently We’ll see what happens when Europe opens around 3 am EDT
Market recovered over 50% of what it lost after the correction from the Fri morning highs. See what happens on Mon ? twitter.com/Stock_Trend_Ch…
Mike Burk More of the same, no volume, no new lows and the secondaries were a little stronger then the blue chips. tinyurl.com/zq9kd6f
LONG = A 4TH STEP UP SINCE 2009, OR A SLOW MOTION VERSION OF OCT 2007??? SHORT = Rally underway, likely to go higher stock-market-observations.com/2015/03/31/bre…
Wouldn’t surprise to see market rally back to highs made in Fri early morning trading. Then it waits for Tues opening to go higher or lower.
Need higher highs or lower lows to fully determine future prices. I wouldn’t discount the prospect of higher prices pic.twitter.com/9NPYY3z43V
Rallied at end of step 3 (cyan). Rally doesn’t distinguish from rallies during the decline, downtrend is not broken pic.twitter.com/HZqxLOLSyt
5 minute chart, market doesn’t want to rally near the close today, gonna wait until jobs report is released pic.twitter.com/KTRxDFGezk
Prior chart was 60 min, this is a 5 min chart, market has to thrust above 2168 to begin rally pic.twitter.com/lDPgPF0uzT
Regardless of the news, must watch for the spike in either direction followed by quick reversal. Those can be profitable bear/bull traps
Since we have completed 3 of 3 (unless we’re going to have 5), we should rally today, close even or positive???
Fri jobs report will produce a rally, or more decline. It will be a bad news is really good news for the market. Interest rate driven market
Fri jobs report, we are set up to take off to the upside (3 of 3 finished) OR continue down in a 4 and 5 of 5 (cyan) pic.twitter.com/5Ni3Ugvd7s
Aug 2016 – 177 TWEETS
60 minute ADX buy signal, but only when the reversal takes place is it valid
Daily ADX buy/sell signals carry a lot of power, 60 minute can be expended with a one good rally/decline
Got a 60 minute ADX buy signal at the rally turning point
Daily look at the end area of prior chart pic.twitter.com/yzWSpA2lm2
Long term look at the SP500 with the wave count pic.twitter.com/ouvZJJ6RR1
Sep & Oct are bad months cuz Sep is end of USA fiscal year. MarketWatch not aware of this??? Lotsa bears end in Oct pic.twitter.com/jzLrlfGGFr
60 minute sell signal of ADX generated a couple hours ago pic.twitter.com/WHSqSzvCuH
How stupid, there go his endorsements Express your opinion in a way that doesn’t offend everyone twitter.com/FoxNews/status…
@SteveAntonTrade I lose followers every time I express a preference for a candidate, but you seem to be on target
Stock market doesn’t make new highs in Aug of a Presidential election year, but when this happens, it’s a landslide victory for the winner
Complete Mike Burk report …arketobservations.files.wordpress.com/2016/08/august…
The probable count since the Feb low, breaking 2141 is likely if this count is correct pic.twitter.com/TdUinXgRIz
How the decline looks on a daily chart, daily chart may be where we find the last bottom to this decline pic.twitter.com/xlV6S8hZwA
Market has no intention of stopping decline at this point, new lows in recent minutes, we’re in for a 5 step decline pic.twitter.com/6SQaYrt7Sh
LONG = IS THIS A 4TH STEP UP SINCE 2009, OR A SLOW MOTION VERSION OF OCT 2007 SHORT = larger 3 step decline underway stock-market-observations.com/2015/03/31/bre…
ADX is giving a short term rally signal pic.twitter.com/hF8Sh1ibjW
“Step 2 of larger step 2” MAY be over, just bounced off prior low. The decline this morn was dramatic & a waterfall pic.twitter.com/oE15V5BfsE
“buy the rumor, sell the news” proved true today with Yellen’s widely anticipated speech
Rally from end of step 2 down, decline into “step 3 of larger step 2”, rally again & decline into “larger step 3” pic.twitter.com/97RiYJb7NG
It appears there is a possibility that we are in a larger step 2 down counting from a peak on 8/15/16 pic.twitter.com/5KKYggLJCJ
Yesterday’s buy to the upper channel today was a move of 9 SP contract points. Today ADX signaled a sell pic.twitter.com/MhcO2jIshj
After market is slowly trending upward
LONG = DO WE HAVE A 4TH STEP UP SINCE 2009, OR IS THIS LIKE OCT 2007??? SHORT = Small rally underway stock-market-observations.com/2015/03/31/bre…
We’ll see what the after-market trading does to last thrust upward, later
Jeff Saut is cautious about mid-Sept as that might include a trading peak pic.twitter.com/s9WNxi7DN6
No confirmation in other indexes regarding the present rally. That ain’t good, but the turn is early, or is false, wait and see
2177.25 must be bettered to become a higher high twitter.com/Stock_Trend_Ch…
And the decline has resolved itself with a thrust to the upside Whew, got that right for a change pic.twitter.com/X3SEErzhIW
Double bottom attempt, we’ll wait and see how this turns out pic.twitter.com/UANCy6tu7n
If this was a H&S formation, it would call for a rally to 2215. But it ain’t possible unless last lows hold
Support line (white), this looks like an inverse head & shoulders formation, but no more lows allowed to hold true pic.twitter.com/1hSRtIner8
End of step 2 up present rally, 2 min chart. After 3 we may have a double bottom attempt. More volatility presently pic.twitter.com/PMFFEnUETD
Sep ES contract at 2171.50, not a thrust yet, but it is a small higher high
Notice in this chart that the last beginning rally point didn’t hit the channel line, meaning a loss of momentum pic.twitter.com/Rae317plS8
A close up of the present action, 2 minute chart pic.twitter.com/ohuvXSr5dG
A true higher high occurs at 2177.25, Sep ES contract
The ADX lines have moved into a more neutral territory as this rally kills that signal.
Looking better, 2170.25. It can’t die before 2171
A higher high isn’t indicated until the Sep SP500 contract breaks 2171 with a thrust. It’s at 2169.25 presently.
Now is that all of step 5 or only step 1 of step 5 down??? A higher high will tell the tale.
Small reversal is underway.
I “think” this last step will be over soon (famous last words”.
Market is hesitating at prior low to see if we have a double bottom or a deeper decline in the last step. pic.twitter.com/WGJIhV2Y3l
In the lower chart (60 min) the red & green lines are moving from heavily oversold to moderately oversold pic.twitter.com/qBbA8crHGq
If my count is correct, we’re in 5th & last step down. Subdivision of steps could prolong the decline. pic.twitter.com/lO5Bnv0AUb
A teenager evolves into senile older trader. It was fun along the way, especially when I started using Coral Index stock-market-observations.com/2013/12/05/124…
That’s probably it FOR NOW, but the red and green lines haven’t reversed so you can’t be positive yet. pic.twitter.com/StKyXAs2so
LONG = DO WE HAVE A 4TH STEP UP SINCE 2009, OR IS THIS LIKE OCT 2007??? SHORT = Rally forthcoming soon (time-wise) stock-market-observations.com/2015/03/31/bre…
Back in the buy zone again, but it’s not a signal until both the red & green lines rally toward the center of chart pic.twitter.com/6TpKuKd78q
Present sell signal has already retraced ¾ of the channels width. ADX signal lines are in a neutral zone presently. pic.twitter.com/eqbkdH4A0k
From lower channel penetration to an upper channel penetration. Both had an ADX buy & presently a sell signal. pic.twitter.com/QEJC6jZOIV
Chart of DMI+ & – shows a rally should take place for a couple of days. Have an overthrow of the downside price band pic.twitter.com/4mFJG9quf5
LONG = DO WE HAVE A 4TH STEP UP SINCE 2009, OR IS THIS LIKE OCT 2007??? SHORT = Rally possibly finished for now stock-market-observations.com/2015/03/31/bre…
Appears we completed 3 steps up, but there is no breakdown taking place, triangle forming at end of 60 min chart? pic.twipic.twitter.com/WNOAcVZrZ9
Mike Burk Conclusion There has been no volume, other than that, there is nothing technically disconcerting going on. pic.twitter.com/GevyJE9YrM
Jeff Saut He’s also saying beware mid to late Sept for a polarity flip, larger correction. That’s only a month away pic.twitter.com/ez5izoqRsW
Arrogance can kill a trader’s life as fast as losing. Took me over a year to get my head back in the right place & today still suffer PTSD
1980s I knew EVERYTHING & was very arrogant, I was making REALLY BIG bucks with no losses, then took a HUGE loss. pic.twitter.com/uSLAHpr1Xx
You bet, I don’t want to be confused by facts. twitter.com/SJosephBurns/s…
@AlertTrade IF YOU CAN KEEP YOUR HEAD WHEN ALL ABOUT YOU ARE LOSING THEIRS, MAYBE YOU JUST DON’T UNDERSTAND THE SITUATION. – Murphy’s law
Really great news, as if I don’t have enough brain cells dying every day due to aging. nbcnews.com/storyline/zika…
REAL RIO A British athlete was robbed in Rio during the Olympics, according to officials. Definitely not robbed, he simply had to pay a tax
RIO It wasn’t a robbery, was a tax on the swimmers. Now I understand cuz we sometimes have to pay taxes in Mexico pic.twitter.com/zWjI7yfUDe
Chinese state media says overfishing & pollution have depleted China’s fishery resources, there are virtually “no fish” left.
Oscillator is losing momentum (MO), prices can’t back to the upper channel, which is another sign of sagging MO pic.twitter.com/LwAP4eyNZF
Here is 21-day ATR of VIX. Low readings usually mark meaningful price tops. pic.twitter.com/uY59kTfEm9
Judge Orders Ryan Lochte and Jimmy Feigen to Stay in Brazil During Robbery Probe As if police are gonna catch the guy, too much crime in Rio
60 minute chart of the daily chart that I tweeted earlier pic.twitter.com/NR6j71LpWN
This isn’t good twitter.com/steve_hanke/st…
That’s the tallest fire tornado I’ve ever seen twitter.com/CNN/status/765…
Nothing wrong with a little review twitter.com/SJosephBurns/s…
I like that, it’s original and funny twitter.com/SJosephBurns/s…
Sorry I can’t give up complaining twitter.com/SJosephBurns/s…
More about the crowd twitter.com/LizAnnSonders/…
1960s there were lots of American college kids that wouldn’t have qualified under Trump’s plan cuz of a terrible war twitter.com/FoxNews/status…
Up is better than down twitter.com/MktOutperform/…
Here comes the crowd twitter.com/McClellanOsc/s…
This chart should make you stop and think about it for awhile pic.twitter.com/wD42fKQkZS
Hard to define main channel cuz of few contact points on a common line, middle line is the best I have presently ??? pic.twitter.com/dUxJH2gEOv
Main channel looks something like this pic.twitter.com/dVQc6138eQ
Update of prior chart Could have 5 steps instead of 3???, wait for break of main upward channel for determination pic.twitter.com/IA12kFFCxc
The real Rio U.S. Swimmer Ryan Lochte Robbed at Gunpoint in Brazil
Mike Burk Conclusion What? Me worry? No Lots of new highs, few new lows, favorable seasonality and it’s summer pic.twitter.com/ItRsG3NGV4
LONG = DO WE HAVE A 4TH STEP UP SINCE 2009??? OR IS THIS LIKE OCT 2007??? SHORT = Rally end is in sight tinyurl.com/zg8skfq
Moving closer to the end of the rally pic.twitter.com/EHLbmDOfR5
Quietest Range In 2 Decades by @McClellanOscmcoscillator.com/learning_cente…
Saying President Barack Obama was “founder” of ISIS, Trump then tweeted on Friday that his comments should have been considered “sarcasm.”
There are so many who would say, who is that guy in the picture?? (Joe Friday) – many would then say who is that? twitter.com/KimbleCharting…
Another sign interest rate yields have bottomed in the U.S. pic.twitter.com/VgLdzdDkYh
Global MY (Mature vs Young) ratio seen soaring for decades; should be bullish for stocks as disposable incomes rise. pic.twitter.com/3UDo3xiWSu
Not my list but belongs to one of the great traders of our time. Among this list are books written a LONG time ago pic.twitter.com/bxvzsM3UN8
“Speculation, in its truest sense, calls for anticipation” Richard D. Wyckoff
DEA to reveal long-awaited marijuana decision Thursday
S&P 500, Nasdaq, Dow log records on the same day for the 1st time since 1999
Yeah yeah, but do they have internet and wifi there??? twitter.com/YishaiMullins/…
Rules don’t seem to mean much to the EU, witness its change from its beginning mandate. twitter.com/pavelh1/status…
Relative US undervaluations may hold sway now but absolute overvaluations have better l-t track record. @edclissoldpic.twipic.twitter.com/LyXR5zJxAA
He’s referring to the pinched Bollinger Band. A pinch usually has a hard breakout (up or down) following the pinch. twitter.com/Bamabroker/sta…
When Nasdaq total volume goes up vs NYSE, it is a sign of speculative excess. Or QE (which arguably is Fed excess). pic.twitter.com/1U69eCSFSq
Month & week charts with crossover signals keep you on the right side of the market. Page 2 stockcharts.com/public/1169350pic.twipic.twitter.com/ooxP7gF97v
“Knowing and not acting can be as damaging as not knowing at all.”
Conclusion Central banks using BREXIT as an excuse to print money & money finds its way into equities and debt pic.twitter.com/1tbMOn0qkC
I think followers expect me to go out on the limb more often. I probably will when we resolve this toppy sawtooth chart.
@wekim77 2015 to Jan 2016. It’s the kind of formation that would make Terry turn rabid, I miss him and his droning lectures
And now you’re his mommy twitter.com/CrazyinRussia/…
Clear break to new highs verifies a significant step 4 is in progress. Otherwise could wind up with a step 1 down as seen on the RUT chart
Intermediate term is how to make money, calling the bear quickly allows U to KEEP your money. Still waiting for a CLEAR break to new highs
The missing large step 3 from 2000 & 2007, might not show for 14 years or 2021. Always go with the flow & never wait for large formations
Step 1 is labeled weird. I did this cuz of symmetry of the lows lying on the cyan line. Didn’t see it in real time pic.twitter.com/r70Dx1QcGs
@wekim77 If the 3rd low never shows, it will join a small list of 3’s that were invisible. Usually a smaller step 1 is missed like in RUT
@wekim77 We are in a large megaphone formation that might not end for several more years. Last large megaphone was very symmetrical
@wekim77 Past experience shows 3rd low can look symmetrical with the prior lows, but I also know that things can take a unexpected form
@wekim77 Did you see that possible mega T on the weekly T formation in the charts???
@wekim77 Don’t go surprising everybody, but we have step 3 now of 3 or 5???? I always thought we would have a 4-5 but more correction B4
New more sensitive cross over lines on page 6. See them on the following link on page 6 stockcharts.com/public/1169350pic.twitter.com/7maO6189HV
LONG = DO WE HAVE A 4TH STEP UP SINCE 2009??? OR IS THIS LIKE OCT 2007??? SHORT = Step 3 up since 6/28 under waytinyurl.com/zg8skfq
Long term T Theory © indicated a recent top before the consolidation began pic.twitter.com/OJNDWkdlSl
Risk is on for the high beta stocks in the SP500 pic.twitter.com/PtGFyRTMdG
The McClellan oscillator has hit an oversold position pic.twitter.com/FHHQgjGMPU
All of the monthly indexes, including Value Line are ready to give a positive crossover signal pic.twitter.com/bwmTwt57pm
Hopefully you can enlarge these adv-dec line charts to see that all of the indexes are at new highs pic.twitter.com/BxupxSdQRt
$VXX low volume is an indicator of investor complacency. pic.twitter.com/hk9xqBiUXm
Same RUT chart as below but you couldn’t see the Fibonacci radials. Radials are working fairly well. pic.twitter.com/qHP3gqAx9D
RUT chart shows no new high being hit, red step III COULD be larger step 1 down of 3. Unresolved is why I’m neutral pic.twitter.com/X0WPo4BlF4
Looks like MO (Altria) is in a correction. Not too surprising as it had an overthrow rally just before correction pic.twitter.com/fBCL4jvqz7
A potential wave count for RUT, if true it means the recent rally could be over, but we gotta wait & see about that pic.twitter.com/kF7WHLX8ST
60 Min ADX reversal shown for RUT, 60 Min are not as reliable as daily. Could get bounce or reversal for final step pic.twitter.com/pYkpzyhupv
This gave a fair warning the other day pic.twitter.com/BeLkAEHU4u
LONG = DO WE HAVE A 4TH STEP UP SINCE 2009??? OR IS THIS LIKE OCT 2007??? SHORT = Watch for step 3 up since 6/28 tinyurl.com/zg8skfq
Hey, Bob got it right for once, will wonders never cease??? After this break, we could start last step up. We’ll see twitter.com/Stock_Trend_Ch…
I warned of fake-out break-out but thought we’d get more than little bit of up. We have finished larger step 2 up pic.twitter.com/RyC73SherA
Every one of them will take the time to vote . . . and I have some great beachfront property to sell you in Mexico twitter.com/TheLastRefuge2…
Already attempting to spin a loss. In the most noxious and corrosive way possible. From birtherism to this twitter.com/sopandeb/statu…
Say it ain’t so Joe twitter.com/ljzaz/status/7…
My daughter and I buy everything from Amazon, been doing that since 2001. 15 years, that even surprised me twitter.com/MarketWatch/st…
Where do you get this shit??? It’s great!!!! ROFLMFAO twitter.com/KenGermanicus/…
I was so transfixed that I downloaded their App immediately. Tells you how to make bombs and how infidels should die twitter.com/KenGermanicus/…
Really, I had heard it was such a lovely bay. Of course I’m now part of the olympic committee twitter.com/wekim77/status…
Got’em mounted on the wall in my den twitter.com/Manic_Henry/st…
I thought this stuff was all true, guess I need to read some more stuff from middle east twitter.com/KenGermanicus/…
He and I woke up on the living room floor with 4 empty bottles, there were 4 babes to go with each bottle twitter.com/OnlineMagazin/…
Ahhhhhhh, that’s really nice he took the time and effort twitter.com/kawalpeet/stat…
Damn, I need to hire you as my PR man, cut you in for a percentage of the action. We always have a Go Bag ready too! twitter.com/KenGermanicus/…
I’m on my way now, just waiting for the money to start rolling in, my bank is in the Bahamas, forget the number and name, later on that
Yeah, say Twitter, Forbes, Fortune magazine, Stock & Commodities magazine said I was #1 in all financial categories twitter.com/KenGermanicus/…
Must’a woke up in a typical mouthy mood today, enuff of the wise ass, now for the pearls of wisdom . . . Got nuthin but for $5,000 U can
I’ll worry about the law after I’m in Rio sailing my boat in their lovely bay. twitter.com/Stock_Trend_Ch…
Good idea, I’ll add that to advertisement, let’s make it $1,000 per month Everyone’s a millionaire after my course twitter.com/KenGermanicus/…
And Trump said McCain was loser for getting captured Wonder how many heads of state will be called losers by Trump?? pic.twitter.com/V4L8wkW8H9
This is always a good demographic to watch . . . if you even care about this kinda stuff pic.twitter.com/o0p89lMzNT
Saw a bitchin’ sign at the convention “CNN – Clinton News Network” twitter.com/realDonaldTrum…
Hey, the mailman is at the door, let’s scare the piss outta him twitter.com/Zn_Portnova/st…
I ain’t sellin’ nuthin’, I should sell somethin’ & call it Bob’s Winning Ways. Charge $5,000 make it appear valuable twitter.com/markminervini/…
EU was ONLY supposed to be economic union. France & Germany corrupted EU with political agendas. ROLL IT BACK DUMMY twitter.com/tkinder/status…
I find my Time Machine works really well for this, many thanks to H. G. Wells for the idea and his hidden schematic twitter.com/Greenbackd/sta…
iPass, is that a new Apple product??? twitter.com/nina_trujay/st…
I’d love to limp around the islands, I limp along @ 1 mph, that includes pain stops, wonder how long would take me twitter.com/BrownsGuides/s…
The stock market is the reason why I have negative wealth . . . of course I spend more than I make too. twitter.com/TheBubbleBubbl…
This is an excellent example of bribing olympic officials for an olympic site. I gotta get on that committee. twitter.com/Stock_Trend_Ch…
Damn, well that’s out, gotta find something different. Can I buy one on Amazon. twitter.com/pourmecoffee/s…
Tell them to get a life twitter.com/DayTraders1/st…
Olympic Village on Fire, Athletes Robbed, Water Teeming With Dangerous Viruses Ever been to Rio, what’d they expect? twitter.com/tkinder/status…
He just took his profits on his stock hat tripled in the last 6 months twitter.com/beatshoney/sta…
You can sometimes have a small over-throw to excite the bulls. twitter.com/allstarcharts/…
I was thinking about this too??? twitter.com/taxfreelt/stat…
Seems true to me twitter.com/bespokeinvest/…
Maybe one more low soon & then reversal upward. A low below 2157.50 would make me scratch my head for a bit.
Jul 2016 – 220 TWEETS
Even when I’m busy if something interesting is happening, I will make time for a comment. So no news is good news, just be patient otherwise
The breakout for 3rd step up I mentioned the other day. I think it won’t travel a long way, but what do I know???? pic.twitter.com/hRcGiUGfgy
But M2 is increasing while the velocity is going down. That actually is about right twitter.com/SoberLook/stat…
Today “could” be the beginning of step 3 up before a larger correction. We’re right at top value for the recent horizontal pattern. ???
WSJ MARKETS ALERT: Bank of Japan Takes Modest Easing Action Not much of a surprise
Comments were tongue in cheek. Hillary kills Vince Foster, how CRAZY is that???? Of course someone gotta believe it twitter.com/Stock_Trend_Ch…
LONG TERM = DO WE HAVE A 4TH STEP UP SINCE 2009??? OR IS THIS LIKE OCT 2007??? SHORT TERM = very small step up ??tinyurl.com/zg8skfq
Cyclical indicator, showing we are in upper region of overbought, BUT we could have 1 small step up based on count pic.twitter.com/7FZx8irQzB
Looks like a sideways correction after step 2 up. Will it make a break to the downside before finished??? pic.twitter.com/hEtpgkB7rw
NASDAQ doing well because of just a couple of stocks, true trend or not??? pic.twitter.com/uo8RhjgAYx
Going nowhere fast watch for the breakout and MAYBE a possible quick reversal opposite of breakout forming a fakeout pic.twitter.com/IkA4G6RZ2r
Fibonacci price projection levels for NASDAQ based on 2009 lows pic.twitter.com/4Kt0PLw6Bq
Fibonacci price projection levels based on 2009 lows, SPX 2500 is next stopping level pic.twitter.com/ChcKW5VcHi
Fibonacci price projection levels based on Feb lows pic.twitter.com/JZn1LuhIGs
@wekim77 MarketWatch printed it, I thought it was so ridiculous it had to be repeated
“All the terrible things Hillary Clinton has done in one big list” The truth is horrifying!! She’s gotta be stopped tinyurl.com/hl2tol3
With so many ZOMBIES running loose, they are causing climate change. We need to limit the production of zombies NOW! pic.twitter.com/p1ekB9V5BQ
Don’t you love the King World News headlines? Makes me want to crawl under the bed and stay there pic.twitter.com/OTlsYtu7Pn
Divergent signal in Dow Theory, DJ Ind achieved a new high and DJ Trans hung far back from their high pic.twitter.com/rnPzVM0FEm
Damn exciting trend amongst the large caps, it leaves me breathless But it always breaks above or below the range pic.twitter.com/w3Nt51TAkZ
Well my eyeball hasn’t fallen out of my head yet, so that must be a good sign, right????
Mar 2003 was an example, looking at the market fundamentally could see NOT ONE REASON to buy the market, so I bought twitter.com/Stock_Trend_Ch…
Sometimes I get “feelings” the market is going to turn & I can’t say why???? Frequently the feelings are right???? pic.twitter.com/qx9D2DgpZR
cataract surgery today need couple days before vision is back. Big time dilation of my eye, so it’s useless for now. Getting old is a bitch
Also in 1977 I didn’t know how to program a computer. 6 months later had a profit & loss program for my businesses & payroll check writing
Periperals for my 1st computer, DecWriter dot matrix printer sped along at 30 cps, so loud put it in walk-in closet pic.twipic.twitter.com/COEzlu16Yi
More pictures of my 1st computer in 1977, not my computer, I never took any pictures???? I only had 1 disk drive pic.twipic.twipic.twitter.com/vnexRrgyKB
Apple I was an investment for the future pic.twitter.com/q34ZWxj070
My first computer was a kit bought from Cromemco in 1977 with 1 disk drive pic.twitter.com/xMR2yGE2bz
Gotta keep this cartoon, it’s right on target. If you’ve gone through many cycles, you know about learning process pic.twitter.com/zSq65Yc6fq
Yup, less can often be more twitter.com/SJosephBurns/s…
My 17.6 Year Stock Market Cycle turns shown on inflation adjusted #Dow#DJIA chart. Illustrates things very nicely. pic.twitter.com/F75lmFOAOh
Ouch, that really hurt twitter.com/SJosephBurns/s…
Some people never learn about timing twitter.com/SJosephBurns/s…
Emotions . . . biggest detriment to making money in the stock market twitter.com/SJosephBurns/s…
Been there done that twitter.com/SJosephBurns/s…
Crime figures are like the bottom line of corporations, we juggle the figures to make it look better twitter.com/McClellanOsc/s…
cut those losses and let the winners run wild twitter.com/Rayner_Teo/sta…
sounds good to me twitter.com/Tradeciety/sta…
London has total surveillance, without asking anyone if it was OK. USA has some surveillance depending on location twitter.com/zerohedge/stat…
Same as prior tweet chart, but has better chart relief regarding colors pic.twitter.com/Ta1KtBOoS1
Magnify charts cuz they show some good long term buy & sell points. Good charts keep you on the right side of trend pic.twitter.com/SJwPJn8gge
Most people don’t plan, but they do wish twitter.com/desiretotrade/…
Mike Burk Comments Conclusion Last week was encouraging. Breadth indicators held up well & prices weakened a little pic.twitter.com/pdc804zcs4
This robot assembly machine can do the work of everyone on the assembly line. These robots are also built by robots twitter.com/rshotton/statu…
Long term view of the SP 500 and violations of the red line can keep you out of long term trouble pic.twitter.com/3ka7K65pXz
REALLY??? You sure you want to stick with that??? pic.twitter.com/y2TkyDUzzT
Value Line Geometric index vs. the SP500 since 1991 pic.twitter.com/q35sXGvFaC
Gotta magnify this one to see all the charts. pic.twitter.com/QvVsyP77bw
Started 4th step up since 2009, or a short term overthrow rally??? This rally since 2009 is step 5 up since 1974 pic.twitter.com/ErdBO42KEo
All indexes shown are at the 200 day mark, or higher. Large caps lead & small caps lag pic.twitter.com/E6yJVLcLeL
Money supply continues at a good pace (accelerating too) pic.twitter.com/g3q2KVoEMp
Unemployment is continuing to be favorable but at a slower pace as shown by the MACD pic.twitter.com/hgdxNjEwdC
Only London has achieved a new all-time high, while others can’t even make a higher high pic.twitter.com/ZtW77u8mIe
London traced out a completed inverse head & shoulders formation, perhaps it will return to the neckline soon???? pic.twitter.com/NyGShkHbvW
Put/Call ratio continues to stay in sell territory pic.twitter.com/D8mjn4wa07
Another non-confirmation as the equal weight SP500 continues to lag instead of lead pic.twitter.com/UbE1Sg00sV
RISK OFF (2nd chart frame) continues as the market moves higher, not a good sign for a confirmation pic.twitter.com/1RfonlRh3K
Prices bouncing off the upper limits of the channel pic.twitter.com/WUSBLUPyCW
You know it’s really crazy to post this tiny wave count cuz it invariably will turn all wrong, but it’s fun anyway & occasionally I’m right?
The purple alternate count did not win the day. The yellow count was correct. Here is my best guess for the present pic.twitter.com/2IFnA6eaKf
The Black Swan Siren Song is.gd/YuxPZW #stocks $SPX
The Stop list will be much longer than the Do list twitter.com/SJosephBurns/s…
Golf cart??? I’m gonna use it for drag racing and scaring the piss outta old people twitter.com/alphatrends/st…
“It ain’t true, is it, Joe?” “Yes, kid, I’m afraid it is” twitter.com/BRios82/status…
Live look at Ted Cruz. via @ForecasterEnten pic.twitter.com/jXHHs49wyd#RNCinCLE #RNC2016
Impossible job to accomplish, many people try to trade & very few have success, buy & hold simplest way to success twitter.com/Rayner_Teo/sta…
A video tour of Michael Jordan’s spectacular 56,000 square foot house sitting on 7.4 acres in Chicago youtube.com/watch?v=3lf_w0…
$VIX last closed below $12 on July 17th, 2015 (also was the only close under $12 throughout 2015) pic.twitter.com/WakFKVSHQC
He’s had more money fall out his pockets into his sofas than my net worth. I can make a down payment on tennis court twitter.com/MarketWatch/st…
Trading is not about being right; it is about making money. $STUDY $SPY
I’m quiet cuz market is 2 static 2 make comments. Consolidation period after the T Theory © predicted peak, watching correction stays small
VERY stupid 2 count VERY small fluctuations Since 7/13 SP500 static, 2 possible wave counts, I like purple alternate pic.twitter.com/V45m4M4t15
I was going to buy a Ford GT, but they told me it cost $400K. So I decided to go home & break open my piggy bank cuz I’m short several $100K
Ford going racing at Le Mans next year. Going to shake the Ferrari tree. Last time Ford went racing was with Shelby pic.twipic.twipic.twitter.com/aXZnK2jrTp
I’d rather have the 2017 Ford GT. Doesn’t cost too much, some where around $400K twitter.com/RoadandTrack/s…
Put/Call ratio, top chart, is in the sell zone presently. pic.twitter.com/oITRJgxiS7
Earning season going full tilt next 2 weeks gave T Theory © sell a good reason to signal a peak. Earnings ain’t supposed to be good reports
All charts with the black background are labeled in Pacific time.
NASDAQ unable to go anywhere after noon EDT, took a hit at the close today. Looks like it’s in step 2 down pic.twitter.com/HMyzl4RZYr
ALL of the indexes in this chart are at all-time highs for their advance decline lines pic.twitter.com/OZgFFehEak
Dow Jones Industrial earnings for last quarter are down about 5.5%. Last 5 quarters have been down. pic.twitter.com/j7JgR2qpC9
1st is SP500 2nd is DJ Ind 3rd is NASDAQ NASDAQ is at new all-time high today. Relative performance is very high pic.twipic.twipic.twitter.com/eHXPqo7YHU
LONG TERM = DO WE HAVE A 4TH STEP UP SINCE 2009??? OR IS THIS LIKE OCT 2007??? SHORT TERM = SEE DAILY UPDATEStinyurl.com/zg8skfq
This is what worries me at the moment, a large correction pic.twitter.com/roE3JC6yJC
I never posted Mike Burk’s comments from Saturday. I’ll do that very shortly. I’ve been busy with the new automated buy/sell program.
If we make new high well above prior high, a good sign. A move that stops below or at prior high is possibly part of a larger move down ????
I suspect that we are in 5 steps up & it might end at or below the prior high indicating more correction. pic.twitter.com/2f9ATWk2Xm
Chart shows 3 down & in 4 up. Will be 4 when it makes a high above prior 3. It COULD be step 1 down after the 3 up pic.twitter.com/XbVSkumMMp
T Theory © called the peak perfectly Correction is over or going to get much larger Over by the count of 3 on chart pic.twitter.com/4zgdroApVf
Daily T Theory © shows a peak today Weekly T Theory © shows a peak this week If correct several more days correction pic.twipic.twitter.com/V3mbr2xgwD
LONG TERM = DO WE HAVE A 4TH STEP UP SINCE 2009??? SHORT TERM = MY DAILY UPDATES SHOULD TELL THE TALE tinyurl.com/zg8skfq
1st chart is the wave formation I’m seeing everywhere 2nd chart (banks) presents an excellent look at the wave count pic.twipic.twitter.com/gF1ME0UfNz
Market in small correction, NASDAQ showing relative strength Good Night Automated program doesn’t get the nite off pic.twitter.com/ntTG1KlKRj
On the prior tweet I should have said Brexit VOTE had bigger impact on large caps. Since the vote, large caps have made new all time highs
Wave count since Feb bottom. Brexit had a bigger impact decline on large caps (chart 2) than small caps (chart 1) pic.twipic.twitter.com/jc5XDVx2pU
My automated trading program trades at night using limit prices for execution. The program allows me to quit watching night trading
Art Cashin mentioned night time trading & how it’s leading the market, with day trading directionless. I’ve traded at night for a LONG time
I haven’t heard anyone use the term buying panic, but if we don’t have a correction lasting 3+ days, it would seem appropriate
Relative strength for NASDAQ & shallow correction, bides well for more upside, but lower lows on SP wouldn’t be good pic.twipic.twitter.com/ybQoLzneAV
Very short term Fibonacci radial seems to be working for the moment. These short term radials fail quickly pic.twitter.com/qIdaL5cNJ7
Fibonacci picked the stopping point for the Yen The Yen often travels in same direction as our stock market pic.twitter.com/kVidHON8Bh
Lower highs & lows on SP500 futures I heard from the automated program today and it said: tinyurl.com/z7w5rn3 pic.twitter.com/qzOuVme35b
SP500 futures are making higher lows and higher highs, so that’s not too bad. pic.twitter.com/rFPauXUBmN
@Dave3444 short term top is likely, beyond that I can’t say
8 direction switches for automated program today. This is what happens when it reaches a decision point. gets confused just like people do
Lotsa relative weakness in NASDAQ today, indicating probable weakness ahead pic.twitter.com/IEijWJ126X
Atuomated program going short & long today, lotsa direction switches for it. Last buy on July 7 gave me 47.75 points profit @ today’s sale
Small cap Russell index sprinting higher recently. Fibonacci radial lines in 1st, Fibonacci projection levels in 2nd pic.twipic.twitter.com/BIRVAtq4Pn
Relative strength on the NASDAQ continues to weaken pic.twitter.com/DbmGpwew7H
@Bamabroker ehhhhhh man, I didn’t know you could get stoned with tomatoes. Ya mean I could smoke a tomato instead of weed. Far out man.
It definitely looks like an island reversal, but I always like to see succeeding action on these type reversals twitter.com/AndrewThrasher…
Chart of The Day: 10-Year Treasury Closes At The Lowest Yield Since 1790 buff.ly/29yuhP3 @TheBubbleBubble pic.twitter.com/vWT69CcIPW
biggest 10-day gain in over four years twitter.com/bespokeinvest/…
Market has been overbought for several days without a correction. Refusal to correct overbought situation is good example of a healthy rally
Weaker relative strength in the NASDAQ today, which usually means a correction is coming. pic.twitter.com/37gXekjK5N
If the downtrend continues, my automated long position is going to switch to a short. We’ll see if that works out
LONG TERM = NEUTRAL SHORT TERM = DAILY UPDATES SHOULD TELL THE TALE stock-market-observations.com/2015/03/31/bre…
Prior tweet doesn’t mean we are repeating history, but it’s possible. My expectation is for more rally cuz too many people looking 4 a crash
History Lesson 10/08/07 Large caps hit new all time highs, began a bear market Value Line didn’t verify ’07 & today pic.twitter.com/YO7x3tyBs8
Thank you to everyone that’s following me I’ve picked up fair number of new followers in last 30 days. I must not be offending enough people
Small correction underway. NASDAQ shows relative strength since correction got underway, could mean small correction pic.twitter.com/dejhm9D3kx
Relative price action for the NASDAQ (lowest chart) is a little weak today, suggesting a correction is not far away pic.twitter.com/YGATUinMjd
Shorter term envelope shows market hitting the highest trend line Longer term envelope has market not at max level pic.twipic.twitter.com/uKJzyGgIff
ADX shows an overbought market and a correction could begin whenever the market stubs its toe pic.twitter.com/wpOAsi3Nef
Abe Wins Upper House Super Majority After Japan Election Abe’s Fiscal Stimulus Plans Takes Shape After Election Win pic.twitter.com/2iLwYgKCnr
Yen had a reversal day on Fri & Sunday. Caused by party in control of government maintained their power in election. pic.twitter.com/e3tQlt6un2
Relative strength of the NASDAQ to SPX has been up since Friday, with a steady rise today. Bodes well for the market pic.twitter.com/9Grhg0ZvrX
Automated system is long since very early Fri morn I’ll sleep & system decides whether to take profits & go short pic.twitter.com/jApyHHfQnS
I think last of the bugs R outta my automated trading system SP500 futures tacked on a few more points to Fri and now seem to be correcting
MCXCUSE ME BITCH youtu.be/IrSsjdzlUSw
Of course liquor counts especially when you mix it with the pills. twitter.com/SJosephBurns/s…
(2) This is what QE does to a European stock market. Nearly inverse correlation. Why continue if this is the effect? pic.twitter.com/F46Za8RVWA
On the plus side, big bolus injection weeks tend to be followed by 2-4 weeks of rally. (Bolus is a medical term) pic.twitter.com/W4ZhEgU3cy
(1) This is what QE does to US stock market. Great correlation. pic.twitter.com/5PtNW6Uf51
@wekim77 Might coincide
Continuation of the uptrend and we’ll have a confirmation of the megaphone & its breakout twitter.com/Meteo1970/stat…
@wekim77 Yup, calculation of the slope is easy. It’s displayed in the chart as a red or green line. Red is down, green is up.
Have a great weekend. Meanwhile I’ll be getting the last of the gremlins out of my automated trade program, so I’ll be bug-free by Sunday
A correction for early next week and then a continuation up into the middle of July.
Terry Laundry’s T-Theory © has a predicted peak for the middle of July, which corresponds with my present outlook pic.twipic.twitter.com/lg3SRa2dEL
The ADX is at or very near a 60 minute sell signal. Probably we’ll have a small correction coming early next week. pic.twipic.twipic.twitter.com/viTaSU3VJq
New program is working very well, a few minor bugs, but overall a success. Program put me long last night to take advantage of today’s rally
Just saying hello to my new follower @coach_denton, looking forward to tweeting with you. #sayhello who.unfollowed.me
Currently in a long position, which may whipsaw. We’ll see how that works out. pic.twitter.com/ouxQtW4fYt
People will do what they like regardless of whether it’s good for you or not. I don’t smoke, but I like Altria twitter.com/BrattleStCap/s…
Just saying hello to my new follower @deepakg00100, looking forward to tweeting with you. #sayhello who.unfollowed.me
Just saying hello to my new follower @DelorasWetzler, looking forward to tweeting with you. #sayhello who.unfollowed.me
Just saying hello to my new follower @ShaeDerringer, looking forward to tweeting with you. #sayhello who.unfollowed.me
Tidbits about SP500 futures contracts pic.twitter.com/A0edEaPtSY
If you had a 14.25 point profit (see prior chart), it would net 14.25 X $50 = $712.50, subtracting $4.02 roundtrip brokerage fee = $708.48
A point of explanation, one point profit on SP500 futures is actually $50. The resulting profit or loss in points is then multiplied by $50
Recent results from the computer automation program, while encouraging don’t necessarily assure long term success??? pic.twitter.com/PKUIKP8B8r
I tried different scenarios yesterday & settled on parameters used in this chart. Here is the resulting profit/loss pic.twitter.com/50Uf1i705I
SP 500 contracts have their own special tax niche. REGARDLESS OF HOW LONG you hold the futures contract, profits are taxed at 60% long term.
With the new automated trading system, short term is 5 minutes or less. Long term can be 7-10 days. Weird thinking
Buy shown earlier was position that has stayed intact today, about 15 pts paper profits, which can disappear quickly pic.twitter.com/tyANqLipCA
Trading Feed #livetrading No one talks about their losses, only their successes. When is the last time you heard anyone say, I lost 20%???
Isn’t this comforting, makes you sleep like a baby . . . NOT. The EU has so many problems, banking, immigrants, etc twitter.com/steve_hanke/st…
I’m going to try a different type of moving average to see if avoiding lotsa whipsaws is possible?? We’ll see, but I’m working on that today
As warned last night, there was more downside before a rally. 1st did all the damage, 2nd & 3rd step were bottoms pic.twitter.com/JZ6RjTcyO3
Looking at a slightly bigger picture makes me think the current decline has further to go before it’s finished pic.twitter.com/FVCMWKkRID
From the prior tweet, it’s obvious the objective is to keep the losses small and let the profits run until exhausted pic.twitter.com/EfihcIuWYt
June 22 to July 5 32 transactions gain = 74.25 pts – 2 transactions loss = 11 pts – 30 transactions net = 63.25 pts pic.twitter.com/WjnCza7PcH
Whipsaws from 18:17 to 18:49 with 5 transactions, TOTAL loss 2 points pic.twitter.com/cPgEUSfGNV
Just saying hello to my new follower @fxgarciamar, looking forward to tweeting with you. #sayhello who.unfollowed.me
Just saying hello to my new follower @sonitar56455, looking forward to tweeting with you. #sayhello who.unfollowed.me
Program is in buy mode having established a long position at 2075.00 pic.twitter.com/qeCTPNb32I
Program is now based on 1 minute bars, signals are only coming at close of each bar. Fewer backlashes than expected pic.twitter.com/twHN8xdasO
I’m feeling really neglected on my StockCharts public charts. I’m in 93rd position stockcharts.com/public/1169350 pic.twitter.com/8yXSRITd1g
Another position change took place, presently in buy mode pic.twitter.com/AXQW12RzSG
Problem with program as action is only taking place at end of bar period. I’m switching to a 5 or 2 minute bar chart instead of 10 minute
If trend is still down, there will be a change in position again. The profit from the earlier purchase was 36 points pic.twitter.com/Ubl0Nby9Rt
A non-trending market (going horizontal) can generate many roundtrip transactions. Brokerage costs are negligible pic.twitter.com/2p7SLG96s5
Had a whiplash on automated program, sell long & then short, cover short & go long. Whiplash loss was very small pic.twitter.com/wK4Y3UWsWt
@wekim77 My own design, it uses spreadsheet for trading that is available from Sierra Charts. Select a chart & all components are downloaded
Computerized program is vigilant 24 hours per day, while I sleep or play. Now to verify if test is same as backtest pic.twitter.com/WPdbixie1i
Saw a probably peak on Fri but decided to let the computer decide when to sell. Difficult to let computer do my work pic.twitter.com/ngLmJECfWl
Recent days of the red/green line (automatic computer trading algorithm) Exit on Brexit & re-entry a few days later pic.twitter.com/3tAKp5u8mz
I’ll try to remember to post the green/red line chart as it nears an action point. It’s a slope chart, red is down slope, green is up slope
I probably will bail out of long position if we break the green line. It’s about a 35 point profit at the green line pic.twitter.com/S1bmYgQzFf
Yields are falling throughout all of the time frames Cheaper money is coming, but WHY and at what cost??? pic.twitter.com/7sNRVCmcEI
Money supply is keeping up a rapid pace plus its accelerating again pic.twitter.com/vQmViVub1M
Inverse head & shoulders formation has a neckline penetration. We’ll see how this resolves itself over next few days pic.twitter.com/C5cZ6xG3Oa
Big rally & oversold positions everywhere, how come put/call ratio is in buy territory?? We’ll see how this resolves pic.twitter.com/9HjjBWsFtH
What happened on Oct 2007 peak? 1st chart = cumulative volume 2nd chart = cumulative adv dec Both failed on Oct peak pic.twipic.twitter.com/vp7gLMbILd
New highs in all the adv dec lines, except for small cap. pic.twitter.com/F10UEimCf5
Daily T © projection gave 2 excellent peak dates I’m unwilling at the moment to declare another T © has been formed pic.twitter.com/f7nLvADUxO
Projected peak occurring in next 2 weeks. If we’re down next week & following week is a rally thus target week ??? pic.twitter.com/QR6UCViwQB
No time to wake up, we’re having such a good time. I learned a long time ago, things can take a LONG time to unfold twitter.com/JeffLee2020/st…
Hey . . . he stole my BBQ twitter.com/RedDogT3/statu…
If you find yourself Frustrated and not where you want to be halfway thru 2016. Or at times in life. These can help! pic.twitter.com/MajmKmWtJc
Me on bottom tier when I was 16. I was a stock market genius in those day. But don’t confuse genius with bull market twitter.com/Tradeciety/sta…
#HealthyEats | We’ve got 20 healthy burger options to help you celebrate the holiday… dlvr.it/LjczrQ pic.twitter.com/VT5AcCsXLN
NASA’s Juno Will Arrive at Jupiter on July 4th 7:30 p.m. PDT (10:30 p.m. EDT) — Orbit insertion & TV commentary twitter.com/NASAJuno
Crash and burn, except there wasn’t any burn. The crash was pretty exciting for Jay Leno, good quips at the end youtube.com/watch?v=LabX19…
Conclusion Market is overbought after an interesting 2 weeks. Next week likely to be dull & probably down a little. pic.twitter.com/jdNrXobGyF
A different ADX index than shown before pic.twitter.com/oIYj2LDvxl
Have a fun July 4th Never forget the French made our independince possible by blocking Cornwallis’s retreat by sea pic.twitter.com/13mh32jNcR
Hitting upper trend line restricting dynamic moves upward. Need to back off and then jump at the upper limit again pic.twitter.com/PmjdoehkcG
Definitely have a 60 minute sell signal in the ADX. This means small correction will begin today, or early next week pic.twitter.com/xFS8MRy4YD
Jun 2016 – 234 TWEETS
Big upward spike at the close with high volume. I think a lot of traders closed out positions to take 4 day weekend pic.twitter.com/9xzTO8sn0D
Falling relative strength on NASDAQ since this morning. If it persists, it signals a likely correction pic.twitter.com/eD9cs26q7U
Credit rating agency Standard and Poor’s has cut their rating for the European Union’s debt from AA+ to AA.
@wekim77 tomorrow seems very likely if not later today
Has MO accelerated its upward trend line or is it ready to have a correction??? Dividend stocks are more attractive pic.twitter.com/Hvnixf4GRa
Daily ADX buy signal. Daily signals take longer to negate than 60 minute. Green line is fast approaching red line pic.twitter.com/lC31fDkglr
The 60 minute ADX gave a buy signal on the bottom and it is now giving an almost sell signal pic.twitter.com/DDIYI3ekCK
3 white soldiers forming off of the recent bottom, did the same off of the Feb bottom. pic.twitter.com/cqVCXVLhxY
@focus1234567 UD volume is less important than the AD, but that’s not a 100% fact
Brexit, A Step In The Right Direction: The Optimistic View zerohedge.com/news/2016-06-2…
If you think nobody cares about you, try missing a couple of payments.
The last day of the month has been lower 4 straight months. Has hit 5 straight only 4 times the past 40 years.
Low volume scares novice technicians cuz books say higher volume is necessary, which is true later but not initially twitter.com/ukarlewitz/sta…
Futures Spike After Banks Unveil Tens Of Billions In Buybacks zerohedge.com/news/2016-06-2…
#ES – Bullish count to be aware of… Best to wait for a tradable reversal pic.twitter.com/EKi4fz8Li6
I hope this is photoshopped cuz that bear is fat and in trouble twitter.com/ukarlewitz/sta…
The French believe that they are a greater business power than the USA and everyone should speak French. So there!!? twitter.com/steve_hanke/st…
Today’s new highs Have to go back to 2013 to find a higher % of new highs, 12.5% today, kinda extreme reading pic.twitter.com/YrSh9hJn4f
He/She really enjoys attention. Shakes his arm for more attention. Wonder if goes apeshit when the attention stops twitter.com/Zn_Portnova/st…
Nice charting of trend lines twitter.com/Futures_Buddy/…
NOW WHAT??? Banging against trend line and approx overhead resistance pic.twitter.com/AIE5E6PJf5
My second post on @LPLResearch blog today looks at – ‘Is a Black Swan Event Coming? This Indicator Says It Might Be’ lplresearch.com/2016/06/29/is-…
If you wanted to buy the London FTSE 100 index futures, it’s Z on ICEEU
@wekim77 But this is it, Z on ICEEU I’ve got quotes & it’s identified properly. I’ve just answered a question I might have for myself later
@wekim77 The info given earlier is for India FTSE 100
Gonna rally back towards today’s high after 3 steps down. Probably won’t make a new high, but begin a small decline pic.twitter.com/szYMt2Xf18
@wekim77 Security Type FUT Underlying FTSE10016AUGFUT Symbol NSEFTSE IND Contract Month AUG16 Expiration AUG 19 ’16 Currency Multiplier 1
SP500 futures, 15 min bars. If channel valid plus red line overhead resistance, we should have a small pullback here pic.twitter.com/iKZJBxccGY
London FTSE is back above pre BREXIT vote prices German DAX & Europe 600 are clinging near the lows Page 3 chart 0stockcharts.com/public/1169350…
Check out the inverse head and shoulders formation on PAGE 3 CHART 0. It hasn’t broken out of the H&S yet stockcharts.com/public/1169350…
Just saying hello to my new follower @fx_claudia, looking forward to tweeting with you. #sayhello who.unfollowed.me
Just saying hello to my new follower @fxyudahendratno, looking forward to tweeting with you. #sayhello who.unfollowed.me
I agree with this opinion. Earlier I said small & mid cap should perform better than large caps, didn’t happen, why? pic.twitter.com/4hLVbhkusK
We’ve got a higher high today. Very nice advance after extreme volatility on downside pic.twitter.com/PItLzjTQsf
German DAX futures are up 1.2% and the SP500 is up .8%. Meager rally after falling so hard pic.twitter.com/izKMIj7QRH
The ‘Anti-Business’ President Who’s Been Good for Business Sometimes people surprise you
The BREXIT vote was a referendum with no binding power and Parliament can say no thanks, we’re staying in the EU.
Jeff Saut’s column is always worth reading and today is no exception.raymondjames.com/inv_strat.htm
Maybe true, but never catch a falling sword twitter.com/jessefelder/st…
You can’t change your mind in mid-stream twitter.com/golub/status/7…
Blog Post: “Always Consider Risk Management” buff.ly/2907MIY#RiskManagement #Brexit pic.twitter.com/inpwFBBopi
Mr Bean is telling the EU his attitude on BREXIT twitter.com/SJosephBurns/s…
I have no problem with this twitter.com/allstarcharts/…
Told you clever minds were at work twitter.com/SJosephBurns/s…
Clever minds at work, caution needed twitter.com/ditzkoff/statu…
Biggest 2-day loss in EU Banks…EVER. I don’t know. Is #Brexit a serious crisis? What does this chart tell you? pic.twitter.com/kR2fTgKirD
One man’s opinion from Barclays. I can’t say he wrong. Stocks will zig zag as they collapse. pic.twitter.com/ZwRdC9eeKj
Near the close, German stocks made a recovery. We’ll see how that works out tonight (3 AM EDT)
LONG TERM = NEUTRAL SHORT TERM = NEUTRAL tinyurl.com/zg8skfq
@focus1234567 If we go back on gold standard or a global collapse, YUP. If this is large step 3 counting from 2000, woe is us
If we went back on the gold standard, it would be a LONG time coming.
Huh??? Did he just have a stroke?? Greenspan Warns A Crisis Is Imminent, Urges A Return To The Gold Standard tinyurl.com/jx6tjuc
What’s Up With The VIX? Fear Gauge Lower Even As Stocks Plungetinyurl.com/jzordex
Most index charts look like this. 2 steps down & waterfall taking place. Is this missing 3rd step??? We’ll find out pic.twitter.com/OWFsKGjTMi
Deals will come to a halt, IPOs and takeovers will stop. London was the EU financial center, but now??? pic.twitter.com/tC5rV0CVJA
It is cliché that markets hate uncertainty, but that is what the UK has effectively signed up for for the next two years.
Utilities & Altria are OK today. People throughout the world will smoke more during times of financial distress pic.twipic.twitter.com/cAD4S3kWJ0
A rally will give us 3rd step down. Even it decline were finished (nope), there must be a retest of some type pic.twitter.com/dbyO3X6qsT
Is the sky really falling??? Chicken Little thinks so. He’s warning us again & again. Say it enough & it’ll be true pic.twitter.com/C1hZNLaSdn
What the hell is going on here??? Are things worse than I think?? Might be true. This chart looks same as bank chart pic.twitter.com/HdFaxh3VgA
Somebody doesn’t think the banks are in great shape. After 2008, banks scare the p*** outta me. I don’t believe they have changed since 2008
Same banking index, long term. It’s in larger step 3 down since July 2015. FED says banks are in good shape? Really? pic.twitter.com/xeEWSxEZpF
Index for US banks. It’s been declining since June 1st. This can’t be good. Remember last time banks slid downward pic.twitter.com/wC4XxKxtog
After Brexit, the investment-banking industry, and international finance more broadly, are likely going to change in a profound way.
A list of how the world is doing today I said mid & small caps would be insulated from international problems. DUMB pic.twitter.com/4QYUX91htb
Germany and France are suffering big losses again today. Sweden is down 9% All this while the London FTSE is down less than 1% ???
Prior tweet, notice the downtrend last nite didn’t start until Europe opened. If we are going to take our cues from Europe, big problems
SP500, DJ Ind, NASDAQ showing that we’re in step 3 down of 3, or of 5 steps. I vote for 5 steps. Just a guess pic.twipic.twipic.twitter.com/LCbkDAxes4
It looks like we’re going lower than the Friday low. But multiple nearby bottoms are possible. We are in step 2 down pic.twitter.com/gMmuknwQOJ
THOMSON REUTERS/PAYNET SMALL BUSINESS LENDING INDEX lower highs noted pic.twitter.com/u2EJi2sNeL
Naw . . . I’m a product of horse thieves, highwaymen and scoundrels. I only turned out to be one of the above twitter.com/ancestry/statu…
60 minute buy, but I don’t trust it Getting close to a daily buy signal, upon an ADX reversal it would be a buy pic.twipic.twitter.com/iHyLq3gffF
Dissolving the EU would have a very unstabilizing effect on Europe and it could be their Lehman Bros moment??? Dow is now down 604 points
I suppose today’s decline is a reflex action to the possibility that more countries will follow Britain’s lead and break away from the EU.
Worst I saw last night was -102 SP500 and -620 DJ Industrials. We’re in the neighborhood of those figures again
Not quite a 90% down day. Volume is 90% down, but advancing stocks is still above 10% pic.twitter.com/pIKBz78gYI
The market is searching for stability and found it in MO, up 2.5% today pic.twitter.com/FSrM3KAz02
Problem with this decline is it’s so widely anticipated. It ain’t that easy in market. “If it’s obvious, it’ obviously wrong” Joe Granville
Now that Britain suspense is over, I’m heading to the bedroom to read myself to sleep. That works wonders especially combined with Ambien
A continued 3 day decline will have tremendous significance on the longer term. Hopefully this will be a one and done.
A continued decline would mean that we could finally be on our way to seeing step 3 down that appeared to be missing
@Dave3444 We could finally be on our way to seeing step 3 down that seemed missing
Pound traded at $1.3482 as BBC called the referendum for Leave. That was lowest level against dollar since 1985. pic.twitter.com/v1J4T47LE4
We’ll see what the market thinks when the dust settles. Shouldn’t mid & small caps be unaffected by international problems?
Been awhile since I’ve seen 100 point decline SP500 futures. DJ Ind down 620 points. Tonight seems like 2008 again pic.twitter.com/6gtqkZEKFf
I thought the vote to stay in the EU would pass, but that didn’t happen & stock futures are reflecting uncertainty pic.twitter.com/r8ItY61tvP
The SP500 futures are a little spooked at the moment pic.twitter.com/uVJ2uQzIXN
EU referendum live results Remain 47% 660,012 Leave 53% 739,063 Estimated votes remaining 358 of 382 local authorities still to declare
OMG – what will we do??? The sky is falling, the sky is falling twitter.com/jimgeraghty/st…
So Freddie Gray killed himself??? Seems Freddie should have put his seatbelt on while handcuffed behind his back.
BREXIT is here. Should know final result about 3 AM EDT
If we had 3 steps down as alluded to recently, we should break to upside. The only caveat is 3 steps down completed? pic.twipic.twipic.twipic.twitter.com/UO4yIQ8A0u
Brexit vote is on the 23rd (Thursday) with the results the next day (Friday).
LONG TERM = NEUTRAL – CHANGE MY MIND ??? – BUY ??? SHORT TERM = NEUTRAL – CHANGE MY MIND ??? – BUY ???tinyurl.com/zg8skfq
@focus1234567 Banks intertwined with stock market became reality after Glass Steagall repeal. I knew it was a big mistake when it happened
@focus1234567 I’ve never seen 0% rates. During the 1970s, the norm was constantly creeping rates.
@focus1234567 EXCELLENT, more input needed for more changes
Stocks Surge Today as Brexit Risk Diminishes Will stocks surge after Brexit vote??? “If it’s obvious, it’s obviously wrong” That bothers me
SP 500 futures are up 22 points this evening. That gives the futures a higher high, but there’s resistance from prior lows in this area
Mike Burk The positives Everything was a little better on the NYSE. pic.twipic.twitter.com/emkjdMWXXE
BREXIT Buffett – wouldn’t change anything I did Dimon – terrible deal for British El Erian – exit may solve 1 basic inconsistencies of EU
Always lotsa volume on these witching days
@wekim77 always somebody on the other side of a transaction, maybe they’re smart and long term oriented, or stupid??? BUY or SELL for me???
$1 billion pulled from U.K. equity funds in single week as ‘Brexit’-wary investors vote with feet
Poor relative strength in NASDAQ today, never good when looking for reversals pic.twitter.com/tnMOAftK6u
My status maybe should be BUY, short & long term?? I’ll wait until BREXIT vote cuz western civilization is supposed to end on yes vote 😉
People are very bearish and looking for the end of the world. Lotsa money has been raised & sits parked somewhere, institutions & investors
I’m busy trying to convince myself that the decline I was looking for after step 3, counting from 2009 is COMPLETE. It does seem that way
LONG TERM 3 steps up completed, 26% decline after step 3 (reasonable and in the ball park for correction since 2009) pic.twitter.com/Hjhshro0iG
Nice line connecting bottom showing the channel. pic.twitter.com/uKUwWq1b17
Count makes sense when you ignore higher high after step I down is completed. The 3 count forms a nice channel too pic.twitter.com/SrZkRyS6DX
I learned a lesson in the 80s that the counting points aren’t ALWAYS (BUT USUALLY) higher or lower than prior point pic.twitter.com/939KkwMgFk
A chart of small cap stocks. Very orderly except for the yellow elliptical area??? How do I count that area???? pic.twitter.com/bNo03QDOGT
Upward wedge in MO could be warning of something of consequence is ahead. That rhymes with me, but when if ever?? pic.twitter.com/U4tfVZDZXU
Long term on MO and shorter term for MO. Nice parallel lines and an upward wedge in MO aka Philip Morris. pic.twipic.twitter.com/dzM1HxBYZ1
It is quadruple witching day today, so some weirdness can happen occasionally. But not like it used to, several years ago.
HELP . . . I’ve fallen and can’t get back up It doesn’t seem likely that we’ll have a new low on this correction pic.twitter.com/oPpcdK7nNk
Prior price projection levels weren’t correct so here is another stab at it. The next levels are 17679, 17703, 17781 pic.twitter.com/Ec1jsCeD1d
Contact! We’ll see if this projected price level has any validity on slowing down the advance pic.twitter.com/Tmvdcn0cEL
Token new high and then immediately went into a 3 step down. Maybe a 5 step up, or we’ve begun the retest process pic.twitter.com/dJgDJ8Gbkn
Junk bonds only show 2 steps down while large cap indexes show 3 steps down??? pic.twipic.twitter.com/O4ivRNi9RA
There is no gallup in prices leading me to believe that some type of bottom retest may take place
A DJ Industrial futures price projection pic.twitter.com/rNAB2ACVJU
Not thrilled that the NASDAQ is lagging back on relative performance on the breakout, but we’ll see what happens pic.twipic.twitter.com/6E98UKbB0C
Yen found support around midnight last night pic.twitter.com/1FUJy6Sy3g
Followers have taken Wednesday & Thursday off. Wonder what that means??? May doldrums setting in??? It’s like they have better things to do?
A lower daily low will tell us that we are in step 2 down and lower lows to come. pic.twitter.com/XECF4gVawh
Betting odds don’t see Britain leaving the EU twitter.com/steve_hanke/st…
@RHamamy Holding my breath is a proven support tool 😉 In these situations, sometimes it works and other times it makes me look very wrong
Renewed 60 minute buy signal again today. The daily ADX didn’t quite make it into the buy signal area pic.twipic.twitter.com/VeILYQPfez
Small correction presently, if it cracks thru with minimal wandering in this area, it will look great. Although any higher low is OK
Now we need higher highs to confirm the bottom. NASDAQ futures have stronger rally today than the SP500 futures pic.twipic.twitter.com/Wrs9iMNZ8U
Hopefully that was the bottom and it was a low volume bottom as if no one cared about the futures making new lows, bottoms are noisy or dull
1 more step down & “should” be complete. I would expect the short term channel to restrict decline unless waterfall pic.twipic.twitter.com/3muLgOlTh2
Higher interest rates in a weakening economy is not the tonic that’s needed, as it will just make things worse.
Fed’s forecast sees growth topping at 2%, and revising downward When inflation gets too low, can easily drop into deflation – an ugly word
About the prior tweet, I do own a couple of guns, so I’m not pro or anti gun fanatic. Just being pragmatic about the situation
2nd Amendment tinyurl.com/m4o45fg “A well regulated Militia” – means what? # 29 of Federalist Papers by Hamilton tinyurl.com/hy7a8cc
Lawrence Summers, has been arguing for a while: Some of the forces holding down interest rates may be long-lasting and secular.
Oscillators have hit oversold recently pic.twitter.com/wzQkxWRe3w
Price has met the bottom edge of channel, other than a waterfall decline, we should have a rally here. pic.twitter.com/sv9UL0VjW9
Planet orbiting a binary star system. Note sunspot activity on both Suns. Our sun just finished a sunspot maximum pic.twitter.com/d2Rc8BEBbT
After writing my business programs, I dreamt of creating stock market manipulation programs that I wouldn’t dream of due to work involved.
1st program I wrote was profit & loss statement for business. Next was payroll program. Lastly I wrote the Quarterly payroll tax reports.
Thus began about a year of laboriously learning how to write a functional program. The worst was learning the syntax of the command.
I built an expensive computer, had no software for it other than the utility language of Basic, & I didn’t have a clue how to program.
No software in 1977 for PC. With DOS Basic, you could write programs with it. No unification of programs took place until the IBM PC in 1981
1 bank of 4K ram memory cost me $500. Total of 4 memory banks cost $2,000. I spent about $5,000 for printer, terminal, & computer . . . But
1st computer in 1977, had Zilog Z80 processor, 4 banks of 4K ram that give me staggering amount of 16K in ram. Floppy disk held 91K of data.
Gotta remember one of my obscure rules, when you lose track of the count because of constant wave extensions, just climb on and go with flow
Looks like 5 steps dn with wave extensions coming in the 3rd step. Tomorrow should be up & FED doesn’t raise rates pic.twitter.com/maPqwXAUnF
NASDAQ showing relative strength last 1.5 days. Should rally tomorrow with relative strength & 60 min buy signal pic.twitter.com/fXJaMjAlwL
My first computer (1977). It was huge and heavy too. Dot matrix printer was so loud I put it in a walk-in closet pic.twipic.twipic.twipic.twitter.com/cuXzI8Zbdq
Recently I’ve been reciprocating a follower of mine with a follow for them. Not my fault that there are some bizarre followers on my list.
Sounds about right, as if I really give a damn about such things twitter.com/ritholtz/statu…
McClellan Oscillator down to -171. It CAN get more oversold, but that’s not a high percentage bet. pic.twitter.com/3c66YcPzZ7
I only see 3 global markets up today. Europe is being hit hard due to Brexit
Are we still waiting for step 3 down ??? pic.twitter.com/BCIzTkA0DT
This pitchfork rules since 2009. Must watch lowest line for penetration or bounce pic.twitter.com/veeMwAAj1m
Transports could be in step 3 down ???? Of 5 possible steps ???? pic.twitter.com/XHS3LgmHxw
Consumer discretionary couldn’t make new high on this rally. This has been one of the strongest group for long time pic.twitter.com/Mp3OeJsIQy
Banks very weak today indicating possibly no rise in interest rates from FED. Banks like higher rates pic.twitter.com/Frw0NpHll5
1 possible wave count. Step 1 up is a possible misinterpretation. If 3 up is finished, decline into larger step 3 dn pic.twitter.com/E1YxhC6PDh
3 steps up in junk bonds and a reversal pic.twitter.com/ourRFKryd1
No new low in Yen. Brexit is supposedly priced into currency already. Election on June 23. Gonna be fun around then pic.twitter.com/NA1ypGSvjl
The blue trend lines mention awhile back turn out to be valid. At least the top line is valid. pic.twitter.com/e8yC0rsrMr
60 minute buy signal today. Count close to the end of the count. 60 minute buy signal is very short term pic.twitter.com/ieOez5oNn1
Chart “looks” like 3 steps down complete, but suspect may B more to go on downside. Watch 4 higher highs or opposite pic.twitter.com/nVeqgCdv2R
I think you need to track both the daily & weekly AD lines. Message may be the same on both time frames, or there is a divergence.
I remember the daily AD line during 1960s, where daily line wasn’t advancing. Looking at the weekly AD line showed a strong advance
Look at diff between daily AD line (1st chart) & weekly AD line (2nd chart). New highs in daily but not weekly pic.twipic.twitter.com/UPbEVGoB1e
There are 2 adv dec lines available, daily & weekly. Daily is adv or dec at the daily close. Weekly is same except at the close each Friday
Mike Burk Conclusion Breadth indicators deteriorated sharply Thur & Fri & Seasonality for next week has been weak pic.twitter.com/jxBpnwpt6i
If Britain leaves the EU, is that the first shot of a larger exodus from the EU??? If the EU is doomed, this creates world trade problems
The falling rates are apparently a flight to safety due to the almost sure bet that Britain is leaving the EU pic.twitter.com/U7ajz6FCXf
Everything is down about 1% today and MO moves up .4% A pox on thee MO pic.twitter.com/U4aE1wZEog
Junk bonds stopped their correction right near the 61.8% Fibonacci level pic.twitter.com/S0nDKn0HZF
Actually broke the uptrend in semiconductors today pic.twitter.com/0cOpemUlvV
Is the rally over for junk??? Too little after completing long 3 step down. If it’s 5 steps down, that’s different pic.twitter.com/RXT3l6Nwx2
Gonna have to wait & see if blue parallel lines have any validity for a downtrend pic.twitter.com/FD0ojSBWPw
Looks like it’s completed 2nd step up since May 20 pic.twitter.com/hrj3P9Vd1Q
Brexit Poll Sees 10-Point ‘Leave’ Lead Two Weeks Before Vote There are going to be consequences if they vote to leave the EU
Lotsa pictures of “Screamin’ Demon” Cobra Mustang, 625 RWHP “Muscle Cars & Fast Fords” named it “Screamin’ Demon”plus.google.com/b/106937315275…
Only Sector with Declining Momentum is… the Financial (XLF, RYF) Sector pic.twitter.com/HzdEvIGtr7
Relative strength of NASDAQ to SPX has been falling since June 1st, frequently a precursor to a correction pic.twitter.com/iZa1r7Wuus
SPX closed above peaks of April 2016 & Nov 2015 DJ Ind are lagging behind SPX pic.twipic.twitter.com/QosMUwleCE
Intel is not going crazy upside with the other semiconductors pic.twitter.com/9kA7Sp1wGP
Semiconductors still going crazy to the upside pic.twitter.com/i5qErULlwA
Banks have not participated in last few days of rally pic.twitter.com/MDj3nPhnPg
Prior mention of head & shoulders formation has been invalidated, now considered to be a continuation formation pic.twitter.com/dWSO1Hit6G
Russell 2000 with count and Fibonacci radials pic.twitter.com/aGMqZ5dTxF
Junk bonds have a tepid rally since its low made in Feb 2016. Making good gains last couple of days, in step 3 up pic.twitter.com/KYjbb38cN7
YEN hit a Fibonacci projection level and has held so far. pic.twitter.com/t5K2ZkMZoJ
@taxfreelt After completed 5, handle the corrections one at a time thinking in terms of a genuine bear market, not a correction since 1932
@taxfreelt After completed 5, it’s not something we really need to prepare for, but just be aware of a worst case scenario
@taxfreelt Good question & I don’t know the answer? I think below 2009 low, worst case would be to the general area prior to 1982 breakout
Fibonacci projection levels, currently sitting at a Fib level, next Fib up is slightly above prior high at 2137 SPX pic.twitter.com/O9EFmVnn6Z
The very long term megaphone formation is still a possibility, but only if the 2009 uptrend is severely broken pic.twitter.com/UNN7Vp6KN5
When does step 5 up end, counting from 1932? Step 5 (since 2009) “might” still be viable with 2 more steps up ??? pic.twipic.twitter.com/dvfbG1TY1M
Wave count since 1932, currently in step 5 up Completion of current wave up since 2009 will have severe consequences pic.twitter.com/Qi9ZQoBK76
SP500 is drawing closer to its all-time high of 2,132.82 Presently at 2118
@17_6YrStockCyc Hi Kerry, I’ve looked at your pinned tweet and many others on your twitter site. Keep up the great work. Bob
Carl Swenlin is a veteran technical analyst whol is a member of the Market Technicians Association. pic.twitter.com/aqKW7CYe3o
Mike Burk Conclusion With new highs rising & secondaries outperforming blue chips, market is in pretty good shape. pic.twitter.com/ZBVeEhTChD
Buffett said this is probably best single measure of where valuations stand at any given moment. Historically high pic.twipic.twitter.com/cXnFYw6Svt
HE WAS THE GREATEST !!!! YOU’LL BE MISSED BY ALL WHO SAW YOU FIGHT pic.twitter.com/HY70FvUYjJ
SPX futures Frequently, traders get impulse trading out of the way in an hour or so and then a reversal takes place pic.twitter.com/rmjXMD6JOI
Treasury yields are being pinched into a future central point pic.twitter.com/Wt5Nayohp8
A token new recovery high in small cap index pic.twitter.com/KGPg3R8zh8
Confirmed new high will invalidate this chart formation (upward wedge). No confirmed new high in large indexes YET pic.twitter.com/YS0bR3YXHS
Definitely completed a 3 step down formation
cup-and-handle chart formation tinyurl.com/gq8uxulpic.twitter.com/VXZCgDan25
3 steps down and then we rallied, very likely a good bottom for more than a day of rally pic.twitter.com/y86vVQwG7u
LONG TERM = NEUTRAL SHORT TERM = BUY/NEUTRAL stock-market-observations.com/2015/03/31/bre…
Rally early 5/31 may be step 1 & rally beginning late 5/31 is definitely the end of a step, another step ended 6/1 pic.twitter.com/Utvf5XMhJW
Lower highs and lower lows for the SPX futures, now the question is whether we have a 3 step down completed??? pic.twitter.com/Zvt6wa9iol
@Stock_Trend_Chg Problem with this chart is I don’t use the bottom to draw trendlines. Raises the possibility that this wedge is invalid
Russell small cap made a recovery high & microcap is near a recovery high, large caps are lagging & should catch up pic.twipic.twitter.com/fTfbu8QeTc
Upward wedge in SPX from Jan to April 2016, bearish formation pic.twitter.com/3N4O6d2V2f
May 2016 – 109 TWEETS
The Screamin’ Demon has a lot of trophies won at car shows. It was designed as a show car and a fast muscle car. It did well at both.
I spent way too much money on NEW muscle cars during the 1960s. Now while I’m in my second childhood, I’m spending money on muscle again.
I thought my 1968 Dodge Charger R/T was FAST. The car dealer wanted to put it on the Dyno to see what it had. It pegged the prehistoric Dyno
I didn’t drive the Demon on its 10.8 sec 1/4 mile. I don’t wet my pants. Brother in law said to his wife the front end comes up off the road
My Screamin’ Demon featured in the Nov 2012 “Muscle Cars & Fast Fords” fastest 1/4 it ever did was 10.8 seconds pic.twipic.twipic.twipic.twitter.com/Fv4uY5CPKY
Bob is transitioning from the last row 1st picture to a walker. I ain’t selling my 625 RWHP Screamin’ Demon Mustang. pic.twitter.com/9CXIUm3IIV
No solitude anymore, cameras everywhere inside the stores & drones flooding the sky. I can’t get away with nuthin’ pic.twitter.com/IozyJX6trd
A common injury of horses abused at the #rodeo, caused by the so called buck strap all-creatures.org/anex/horse-rod… #OpRodeopic.twitter.com/cELQWSZp6D
If it wasn’t for bad luck I wouldn’t have any luck at all.
Dana Lyons mentioned triple top in Russell top 50 index, but it shows up in Russell 200 too, reaching back to 2015 pic.twitter.com/oGeybJkHBc
A quick lesson on the more reliable candlestick formations. Not mentioned is the 3 soldiers. tinyurl.com/gw544br
Investors are very bearish & getting more so, this is strong indication of a break to the upside – occurring when??? pic.twitter.com/LtQZBablB5
Plunge with a retracement, but no follow through in either direction. So we’ll wait and see what’s next pic.twitter.com/4zaCjnEjNa
It’s overcast here, not a normal Memorial beach day. Hey, this beach cam is near the alley where I live in my box tinyurl.com/78n8cco
Happy hot dogs and burgers as we celebrate Memorial day. I used to celebrate it on May 30th and only May 30th, but things change.
SPX futures for Sunday and Monday, small rise on Sunday and flat on Monday pic.twitter.com/O4YMi5PGoJ
Stock market futures are trading today even though you decided to take the day off. Only problem is they aren’t going anywhere, so no worry
Sometime when I’m quiet on Twitter, I just don’t have anything to say, or a chart isn’t making any news. Ain’t always loquacious
Watch how the Hyperloop uses magnets to move at 760 mph cnb.cx/1Wkl8QV snpy.tv/1rLjlaa
Happy Memorial Day and Thank You Soldiers! S&P 500 +2.7% YTD Dow +2.6% YTD Russell 2000 +1.7% YTD @NASDAQ -1.5 YTD pic.twitter.com/fWpl7sCUMo
When did adults stop being responsible for their own lives? twitter.com/daveramsey/sta…
Anyone can make money trading short term, but can you keep those profits long term? PRECISELY !!!! twitter.com/SJosephBurns/s…
A Peculiar Large Cap Top? (5/23) $XLG Post: jlfmi.tumblr.com/post/144843076… pic.twitter.com/VdsrHnkQIc
en.wikipedia.org/wiki/Victoria_… Read section titled “Leaked phone conversation” twitter.com/steve_hanke/st…
While free markets created a prosperous middle class, gov’t intervention led to widespread worker exploitation. zerohedge.com/news/2016-05-2…
There are 26.3 million #foreign-born workers in the #labor force – almost 17% of the #US labor force pic.twitter.com/my4ATjNAHo
They’re just waiting for the US to change the tax laws so they can repatriate this money twitter.com/steve_hanke/st…
Gotta let outside interests back into Venezuela, they have oil sands > than Canada, got it all except efficiency twitter.com/steve_hanke/st…
Saudi Arabia walks a thin line with the USA making secret deals with the US behind their citizens back twitter.com/steve_hanke/st…
After an obvious 3 step decline, it’s rallying twitter.com/JLyonsFundMgmt…
UPDATE>>Rate Hike? This Chart Says Don’t ‘Bank’ On It $BKX $KBE $JPM (5/20 Post: jlfmi.tumblr.com/post/144700124…) pic.twitter.com/uD87tuc0Cl
Falling hand in hand with interest rates, but now the dollar is rising long term . . . interest rates??? twitter.com/JLyonsFundMgmt…
UnitedHealth is exiting Obamacare, lost $475 million on Obamacare in 2015 & expects to lose $500 million this year. twitter.com/steve_hanke/st…
This book is a gem and it was written in 1917. It has great trading tips that never go out of style tinyurl.com/j7cfqh3
Adjusted for inflation, S&P 500 is lower today than it was March 2000. That is 16 yrs and 2 mos without a new high. pic.twitter.com/PHBGSubHrd
From Mike Burk Positives New lows disappeared last week Conclusion The market made a sharp turn upward last week pic.twitter.com/IWpK1fgDQM
Bigger ain’t better twitter.com/SJosephBurns/s…
Only the US government can be this far behind in technology twitter.com/NorthmanTrader…
Didn’t get 3 soldiers up in candlesticks. Today was a sideways move & wasn’t a 3rd consecutive strong day Doesn’t mean no uptrend though??
Around the world, just about every index is in the green except for USA. We need another strong up day today to get 3 soldiers candlestick
We have a higher high and any high about the “head” will invalidate this pattern of downside significance pic.twitter.com/1F6duj7yIY
There is that short term sell signal I referred to 1 hour ago pic.twitter.com/D1k5DzxVmc
Got the “beginning” of a short term sell signal, needs to reverse to activate the signal pic.twitter.com/HZItbiruet
2 outta 3 so far tomorrow we gotta make another white soldier to give us 3 white soldiers and a likely breakaway pic.twitter.com/AQT9gNB8vT
We are going to close on the high of the day, powerful follow thru, let’s see if the market can do this for 3 days straight (up days)
Is this count correct? If it is, it means we’re going to rally big time. If a step 4 & 5 are coming, forgetboutit pic.twitter.com/YiBCoZ32Dq
This chart is significant as to why I am only neutral and not bearish, correction has been severely limited in price pic.twitter.com/uOJEvxouXm
Largest correction since 2009, normal after 3 count. Correction is in time & not price, had expected 25%+ correction pic.twitter.com/0498yKtMCk
Higher high is SPX 2085, a volume spike in this area, going thru this area effortlessly would be significant pic.twitter.com/f5tGI25NOu
Today the NASDAQ is relatively weak compared to SPX (Lower graph) pic.twitter.com/tFNPh0ctSB
NASDAQ wave count since Feb 2016 low Is this correction beginning of something larger dn, OR a rest B4 continuing up pic.twitter.com/KrvqD3OtFE
New York Composite Fibonacci radial based on May 2015 peak & Jan 2016 low Was resistance in April 2016 meaningful??? pic.twitter.com/8PExI7AN2h
Yen pitchfork that’s about 1 year old pic.twitter.com/If52SoSrlD
Log chart for DJ Ind since 1929 peak to the present pic.twitter.com/uJPbQVGz0a
Fibonacci measurement tool yielded price peak made in 2015 pic.twitter.com/g6mCN4qTgB
Fibonacci radial based on 2009 low Shows influence on long step from 2011 to 2015 & recently yielded a “peak”??? pic.twitter.com/emuuWRpL9e
Perhaps radial just below today’s price will provide support from future weakness pic.twitter.com/tL465tQ8Pv
Fibonacci radials based on Oct 2002 low & 2007 peak Radials provided support & resistance for bull market since 2009 pic.twitter.com/YaF5LZEK3C
Fibonacci radials based on the 1982 bottom, which was the beginning of the roaring bull market of the 1990s. pic.twipic.twipic.twitter.com/KmqZ32dmxK
Fibonacci radial, 1974 low, 2000 peak, 2007 peak. 2000 radial has support, 2007 radial has resistance, interesting pic.twipic.twitter.com/EBPs1Leor4
Support & resistance of Fibonacci radial Monthly DJ Ind radial based on peak, Dec 1999, & secondary bottom, Mar 2003 pic.twitter.com/5FOjE8VkoG
@wekim77 very likely scenario
LONG TERM = NEUTRAL SHORT TERM = NEUTRAL stock-market-observations.com/2015/03/31/bre…
Downside Alert Head and Shoulders formation just completed pic.twitter.com/BLHMJP5kAq
Conclusion – Mike Burk Most of the breadth indicators deteriorated last week & Seasonality for coming week is mixed. pic.twipic.twitter.com/NwAFzzXvyn
Yup, how true. twitter.com/KeithMcCulloug…
Why is a good question. Probably cuz no new high in lotsa months. That’s not a good reason to be bearish twitter.com/BrattleStCap/s…
Since bottoming began around May 12, relative performance of NASDAQ is rising, which is a good sign pic.twitter.com/hHzWiIdr2q
1st relative performance of NASDAQ & SP500 in mid-April 2nd relative performance of NASDAQ & SP500 presently pic.twipic.twitter.com/PAqwjkznqX
Looks like 3 steps down on the 15 minute SPX chart pic.twitter.com/NDLIr7bpAq
Got a 60 minute ADX buy signal late yesterday pic.twitter.com/XfSBJW27zr
Prior chart was for SPX projections. Here is the DJ Ind and the NASDAQ Composite pic.twipic.twitter.com/T4DjHIFOy1
My internet is working slowly at the moment. This chart shows possible reversal levels & looks valid at the moment pic.twitter.com/jTWvzq0vmp
#%!?$&@ Internet still not up. I’m using my iPad’s Verizon account to post this message, which has very few MB left in this months usage.
I’m having internet problems on my laptop, which is where all my charts are updated. Hopefully I’ll be back up soon.
LONG TERM = NEUTRAL SHORT TERM = BUY / NEUTRAL stock-market-observations.com/2015/03/31/bre…
put/call ratio is definitely in the buy zone !!!! This probably indicates higher highs are ahead pic.twitter.com/inW8zmcULz
Interest rates are rising at the moment, anticipating a FED move??? pic.twitter.com/lciibf8sUH
SHORT TERM = SELL Need to see higher highs before I’ll change the short term status. Value Line needs a close watch pic.twitter.com/H5dV6xRnhW
1st chart is when I called for a rally (Sunday night) 2nd chart is the present rally pic.twipic.twitter.com/hMoEXhk3uQ
Looks like 5 steps down to me. It’s rally time, but how much is the only question. pic.twitter.com/mRrmnSeU32
Odds for Republican to win President jumped big yesterday as well, let’s see if it holds or just a one-day spike: pic.twitter.com/guJJfZyOeB
Looks like it’s had 3 steps down, but it looks like it’s going for 5 steps pic.twitter.com/uViKhFuS8l
Market has been trending down since I left civilization. Lower low here will be convincing proof of downtrend pic.twitter.com/vRrBCBOkDk
Been in Yosemite the last week & there isn’t internet except near Yosemite Lodge or the Ahwahnee Hotel, but I was parked on the river & SOL
From John Murphy I had noticed this previously. pic.twitter.com/WszLl79ktX
Rally quality is important after we hit a short term bottom. Poor quality internals is what U need to watch for as we rally to prior peaks.
IF this a 3 step down it’s finished, but 5 step is always possible. I’m looking for a larger decline from here, BUT pic.twitter.com/crWAu8vq8E
I guess I shouldn’t mention politics. I lose followers every time. Woe is me. Meanwhile the market is drifting downward as expected.
If Trump wins, shouldn’t we buying CAT??? Infrastructure will be high on his list of things to do!!!
Deciding who will win in Nov is easy. The person America would rather sit down with for a drink wins Stiff & boring loses to interesting
We completed a step down today. The rally will be interesting. If it stops short of yesterday’s peak, more decline. pic.twitter.com/Qeu1GNAmvP
Did anyone notice that I changed my short term status from “Neutral/Sell” to “Sell” over the weekend
“Opinion: Apple should buy Tesla — and make Elon Musk CEO” Love the idea of Musk & Cook, idea guy & nuts & bolts guy tinyurl.com/zwjhtzo
“The ECB thinks that someone could be leaking US economic data” Say it isn’t true, leaking data is illegal tinyurl.com/zvayw6r
Christine Lagarde quote: Remember she is the best person to listen to about Europe pic.twitter.com/gfIq6bZDSb
The rally that follows the recent correction should be watched for breath deterioration, higher new lows. Otherwise all should be OK, beware
Apr 2016 – 154 TWEETS
Conclusion – Mike Burk Strength in the breadth indicators suggests the rally that began in mid February is not over pic.twitter.com/nHXJANHHMN
Sequoia Fund Reopens to New Investors After Plunge in Assets (because they screwed up with Valeant Parma) tinyurl.com/htyeyal
NASDAQ has some relative strength going for it today after a long string of down relative strength pic.twipic.twitter.com/YEm7QXrRGP
Probably have 1 more step down as we likely ended step 2 down. Yellow Fibonacci lines are estimated stopping points pic.twitter.com/iXVJjqWEdf
Got a little rally underway with higher highs and higher lows presently pic.twitter.com/LsIWoKd3EP
With lows absent presently, I would expect the market to rally back close to the rally peak made about 10 days ago pic.twitter.com/iSDx0FLIAt
Lower lows on DJ Industrials & Transports pic.twitter.com/mdjsNC7Owi
LONG TERM = NEUTRAL SHORT TERM = SELL stock-market-observations.com/2015/03/31/bre…
3 of 4 trading indicators show sell signal, if market has a large reversal (not likely) the signals would be invalid pic.twipic.twipic.twipic.twitter.com/rBhbIfuoFx
Are we in step 2 down of the correction that began a few days ago?? Seems like it’s true.
T-Bonds repeating pattern of 1 year ago, Tom McClellan tinyurl.com/zjua5lm
Small Caps Trying To Overcome A Big Hurdle jlfmi.tumblr.com/post/143452635… by @JLyonsFundMgmtpic.twitter.com/EbfCrz4nlE
More verification of the magazine cover indicator twitter.com/SJosephBurns/s…
What sport uses a ring other than fighters?? twitter.com/NifMuhammad/st…
What a great company while Jobs was alive, now it’s slowly fading into just another electronics company. twitter.com/jessefelder/st…
Weekly volume oscillator is predicting top around July 1. That may be valid for entire Feb rally, or it’s a bear T pic.twitter.com/8GlksT1IYT
Terry Laundry’s volume oscillator appears to have predicted a top, missing by only 1 day. I’d call that excellent pic.twitter.com/aekGExHmAQ
@focus1234567 I was aware of the 3 white soldiers & if strong, it seemed to always signal a good trend, but wasn’t aware of the % aspect
Since 1970, SP gained more than 1.5% three days in a row only 8 times. SP 500 was higher a year later (avg +19.16%) pic.twipic.twitter.com/OTIb3HsSpB
“Trump’s New Slogan Has Old Baggage From Nazi Era” Looks like a hit piece on Trump, who’s alive to remember this?? tinyurl.com/zkc8teo
Guaranteed to work in New York City, but the rest of the country girls would say, what’s a Goldman Sax twitter.com/NorthmanTrader…
I’ve always been a lead foot, so I’m looking for best value too twitter.com/InternetPalace…
Anyone with pimples doesn’t have a clue about the markets, but he can try to fleece people’s money twitter.com/MarkArbeter/st…
How cool is this??? youtu.be/njCDZWTI-xg
No thanks, I look from the valley floor, but their view is really cool twitter.com/YosemiteNPS/st…
@wekim77 Yup, not pretty, but someone could say, IF it has island reversal tomorrow, everything is OK. I still have the beachfront property
RUT small cap index has been performing very well. NASDAQ problem is likely large cap tech companies that are weak pic.twitter.com/T9F7sfIL4R
NASDAQ is one sick puppy. Ratio of NASDAQ to SPX at bottom of chart shows the relative weakness to SPX pic.twitter.com/Of6XKrsZNe
The money supply, M2 has been accelerating since Oct 2015. pic.twitter.com/v2n0t2iVS8
Jeff Saut’s column quoting Frederick “Shad” Row’s recent remarks “A game of alternatives”, I definitely agree. pic.twitter.com/9hTArAGohL
Warren Buffett from the 1980s (Jeff Saut’s column) pic.twitter.com/wsn07X7I4k
Terry Laundry’s T-Theory peak was off by 1 day (blue line), will it hold or break to upside??? pic.twitter.com/q8ixw1lnRZ
Interest rates are rising, which usually puts a damper on the market pic.twitter.com/gssbFwkPOW
ALL of the FANG stocks are on the downside. Not a good sign when market leaders fall out of favor. pic.twitter.com/ZZ4Ad3ZS3W
Yen and Nikkei have been in lock step since 2005. Presently the Nikkei is following the Yen down pic.twitter.com/e8wsfaaMJL
Equal weight SP is out performing the normal weighted SP (SPX), this is usually a good sign pic.twitter.com/BRdoOAMDtm
A few days ago we got a moderate sell signal from the put/call ratio pic.twitter.com/xZ32PGHTAn
Daily Trading Charts – Closing Figures Only red line above green – sell red line below green – buy pic.twipic.twipic.twipic.twitter.com/feEZCL86sT
Fibonacci projection level has been dead on for the recent peak pic.twitter.com/2EKPgcxtrQ
A break of early April closing low would not be a good sign and indicative of probably lower lows to follow pic.twitter.com/pMFpyHKTLE
A Fibonacci fan that is still force. Currently providing resistance to further advance pic.twitter.com/chQXwtIgqx
SPX climbed the upper line of the 60 minute envelope since Mar 3 Daily envelopes (prior tweet) are very accurate pic.twitter.com/EzgHTO47Fp
DJ Ind went straight up from contact on the bottom line to contact with the top line. Pause usually takes place now pic.twitter.com/JWandxZqVY
This seems like a hard mistake to make, but pilots are wild & crazy guys Norwegian F-16 Mistakenly Fires at Own Control Tower
Money has to go somewhere. twitter.com/NorthmanTrader…
Maybe it should be “the S&Ps will be AT zero”, but traders would probably short market just to say I win, you lose twitter.com/ppearlman/stat…
I knew there was a reason why I always liked to include charts with my commentary pic.twitter.com/cw9h49FkRY
Brooksley Born still telling the uncomfortable truths about Wall Street (2015)tinyurl.com/zvfz5fn
Brooksley Born, head of CFTC during Clinton & wanted to regulate derivatives, but was stopped. Still no real regulation or transparency
Bank Regulation of Derivatives reuters.com/investigates/s…
Hadn’t seen this 2009 video B4. Greenspan didn’t want to regulate fraud, said that the marketplace will regulate it? twitter.com/al_kalian/stat…
When I owned restaurants, my purveyors delivered to the restaurant. I can’t visualize transporting everything I bot twitter.com/ppearlman/stat…
An alternate count would be that 5 is still part of the 4th step, with lots more to go. pic.twitter.com/G9C7z6wAbb
I thought this cup & handle looked interesting Coke count, when Coke breaks the trend on step 5, the party is over. pic.twitter.com/qW01AXGO7Y
BIG one day move in the Yen twitter.com/markets/status…
That’s a tiny penetration & not meaningful YET. Is it a valid line??? Cuz I don’t use THE bottom for my trend lines pic.twitter.com/o7jj0KXYu4
Now, that is a neat aphorism twitter.com/awealthofcs/st…
@TheBubbleBubble You’re never going to have more time
Do you have more debt than 2009??? Not me, didn’t have any then and still don’t. twitter.com/jasonzweigwsj/…
It’s all relative. There’s always somebody having a worse day. twitter.com/seeitmarket/st…
FANGs are sick today, except for Netflix, which got banged around recently. They account for most of the NASDAQ loss twitter.com/JLyonsFundMgmt…
HEY LOOK AT ME Lonely indicator is “trying” to tell me a top is forming. Yeah RIGHT as if we’re going to believe U pic.twitter.com/vUXyHqdxSI
New applications for unemployment benefits sank to the lowest level in 42 years, pointing to continued improvement in the labor market.
Do you think the lower straight red line will hold??? pic.twitter.com/w7TKSgeWXI
Distance from new all-time highs for the S&P 500: Intraday 1.19% Closing 1.00%
A lack of fear, or bearish optimism, in T-Bond market. This is lowest reading since 2004. pic.twitter.com/Va1AMaQRHK
04/20/16 – SEQUOIA FUND & VALEANT SLUMP stock-market-observations.com/2016/04/20/042… pic.twitter.com/v5oLOa2sy8
Sequoia Fund May Reopen to New Investors After Valeant Divetinyurl.com/j9qafjr Good fund that forgot a few important trading principals
Daily chart shows 4th up, another step up is likely before a larger correction begins, resistance prior high is now pic.twitter.com/mjOPyAqeQn
We’re in 3rd step down, see if it’s going for 5 steps. It needs a longer decline to show decline on daily chart pic.twitter.com/U512IfX2vO
The market is overbought on the 20 day moving average plus the 50 day moving average, not true for 200 day MA pic.twipic.twitter.com/bmS3VEXaA0
Overbought short & long term, market is going to take a breather, but longer it says overbought better for up market pic.twitter.com/NivFcxH6Vc
If raw materials continue rising in price for a sustained period, we know there will be inflation up the road pic.twitter.com/lXBIGlSxqf
Doesn’t windows have a magnification feature like Apple ??? For small charts I magnifiy with control + swipe up, reverse that to put it back
The order in which stocks appear in this chart FANGS PERCENTAGE COMPARISON AMAZON NETFLIX GOOGLE FACEBOOK APPLE pic.twitter.com/drkUwu4ObM
APPLE isn’t just an electronic’s retailer, you should also view APPLE as a discretionary consumer retailer pic.twitter.com/mAnIibCmvF
Back in the green so we probably can forget about a 1 day reversal, but watch the close to verify
Mercedes-Benz Arrow460-Granturismo Making 10, 46′, twin 480 HP, cruising speed 30 knots & top speed 40+ knots pic.twipic.twitter.com/toGwaNLf5t
“South Korea covered up the mass abuse and killings of child ‘vagrants’ for the 1988 Olympics”
This is kinda easy to do when you’re winging your speech. I misspeak all the time but I’m not running for President twitter.com/QuoththeRavenS…
Watch out for a 1 day reversal today, index hits new recovery high & then closes negative for the day. Frequently can signal a correction
Another worrisome thought, the FANGS have turned down on an up market day. pic.twitter.com/2O6V20k47M
The jobs picture continues to be reassuring pic.twitter.com/aW4sprheqw
The ViX is slightly rising in an advancing market, not a particularly reassuring sign
Junk bond sentiment is rising, which always accompanies a good market advance pic.twitter.com/A2VhPyET5T
Here is a sour note in the market advance, the put/call ratio is at or near the sell zone pic.twitter.com/qXufKufjuB
It’s been risk on since early April for higher beta stocks, which is normal for a rising market pic.twitter.com/r8UJ1ALrBO
Money supply has been accelerating recently pic.twitter.com/JS5rD4Pqh8
Market is slogging its way through the volume congestion Divergence in Dow Theory with no breakout by transports pic.twitter.com/uOkKVnPysh
Some fun stuff on the economy at this link realinvestmentadvice.com/the-great-amer…
One of my favorite charts, showing how much it takes to generate a dollar of real GDP growth, $3 spent for $1 of GDP pic.twitter.com/vkyPWncbQd
Good visual for Congressional spending. This ends speculation on where your tax dollars go – down the black hole pic.twitter.com/XaVyXIVtoE
Overhead volume in this area, could be slow gains or reversal. Hi vol break thru move may be bullish or a flame out pic.twitter.com/UHqaBxKjN0
“Ted Cruz thinks the US will have a “minimum of 5% GDP growth” if he’s elected president.” And I have some beachfront property I wanna sell
I’m in enuf trouble if da wife sees my post. “what . . . I’m not good nuff for you”???? “of course U R dear” twitter.com/focus1234567/s…
Said I was old, not dead
Doesn’t that Protein Bar look great !! twitter.com/PaleoProteinBa…
Saudia Arabia threatens to sell Treasury holdingsnytimes.com/2016/04/16/wor…
I’m almost outta here, gotta go see the doc cuz that’s the only way I stay alive. Bee Gees – Stayin’ Alive (1977) youtube.com/watch?v=I_izvA…
S&P 500 May Be Headed To New All-Time Highs tinyurl.com/hnk56nvMAYBE, BUT ONE VERSION OF AD LINE IS TOO MYOPIC pic.twitter.com/DvnDtho5rE
A Mans Got To Know His Limitations – Dirty Harry youtube.com/watch?v=t2JnCX…
I listen closely to what Christine Lagarde says, outspoken & sharp lady twitter.com/MarketWatch/st…
Take your stinking paws off me you damn dirty ape! youtube.com/watch?v=Cdmqn9… twitter.com/NorthmanTrader…
Or similar, yuk yuk twitter.com/Westamsterdam7…
I knew you could do it twitter.com/NorthmanTrader…
Citigroup $C now down on the day after opening up 3.5% on earnings.
Wave count on 2nd chart says we’re in step 2 up. Possibility SPX is in 5th step up but kinda iffy pic.twipic.twitter.com/pa3pfpWNYo
Sell signal early Apr could also have nullification of signal by recrossing to positive, meaning green line on top pic.twitter.com/4kHbuCROYU
Sell signal in early Apr, needs to see lower highs in price, or a lower high in bottom graph like mid Feb pic.twitter.com/QZQypAKqnC
Look at the chart & see if it has value 4 U Gotta create a couple of rules on the crossover point to avoid whiplash pic.twitter.com/UD0sExWfJu
The market obviously made a key reversal back in Feb, but I still have reservations about SIGNIFICANT new highs. pic.twitter.com/fzXNEEDecQ
“Opinion: The Dow Theory just flashed a buy signal — or did it?” NOPE, not yet, need more rally in Transports pic.twitter.com/AAOzWtmFgN
This is probably the true count since the late Feb bottom You can find all of my charts at: stockcharts.com/public/1169350…pic.twitter.com/PgK1xEA27x
The peak in early April might have been a market correction, but NOT true. The Nov peak “may” provide resistance pic.twitter.com/orH1dPFrBF
Russia, Saudi Arabia Reach Oil-Freeze Consensus, Interfax Saysbloomberg.com/news/articles/… pic.twitter.com/tGTfKHZAyD
I don’t like high frequency traders, too easy for things to go wrong simultaneously twitter.com/nanexllc/statu…
RESISTANCE IS FUTILE Freedom is irrelevant. Self-determination is irrelevant. You must comply during OPEX twitter.com/NorthmanTrader…
Lenders avoiding negative publicity of foreclosing on delinquent homeowners. This masks distress in housing market tinyurl.com/z2k2ntv
Given Yellen speech anticipation I thought it could be useful to share @jasonzweigwsj‘s central bank definition. pic.twitter.com/bvFXEvzh1H
Mike Burk 2 New lows have disappeared pic.twitter.com/hsdzfQblSE
Mike Burk 4/9/16 New lows remained at insignificant levels NASDAQ breadth indicators continue to underperform NYSE breadth indicators.
John Murphy — FALLING BOND YIELDS HURT BANKS — SAFE HAVEN BUYING OF TREASURIES, GOLD, AND THE YEN SHOW A MORE CAUTIOUS MOOD
U.S. likely had another lousy 1st quarter GDP. 1st-quarter GDP weakness has little to do with the underlying health of the economy WTF?????
Most of the world markets are rising today pic.twitter.com/8axUEnKLaR
Flattening yield-curve is back in vogue. Moving money into long-term debt suggests investors are skeptical of growth pic.twitter.com/NxCoxmzzbv
Each day is a smaller % of the time we are alive, so it does seem like time accelerates as we get older. twitter.com/ATMcharts/stat…
The FANG stocks aren’t interested in making new highs FANG = facebook, amazon, netflix, google pic.twitter.com/A1lGyWCP4D
$STOXX Europe 600 Technically Challenged $VGK $FEZ Post: tmblr.co/Zyun3q24ZubBC pic.twitter.com/9UtTV484jD
Regression to Trend: A New Look at Long-Term Market Performanceadvisorperspectives.com/dshort/updates… pic.twitter.com/5Vgzm5BSn7
SPX GAAP earning fell again in the 1st quarter of 2016. pic.twitter.com/15U5tEERLf
Chart Of The Week(by views): Stocks Entering Weakest Quarter Of Presidential Cycle $DIA Post:tmblr.co/Zyun3q24HsRybpic.twitter.com/HVGkemSIgf
Mike Burk #2 The positives New highs picked up significantly last week Conclusion in picture pic.twitter.com/bnhgYDVUF4
Mike Burk Good News New lows declined to insignificant levels & secondaries have outperformed blue chips The Negatives Market is overbought
After a decline, the YEN is trading sideways with no trend. pic.twitter.com/VLejQRMUtP
For junk bonds, that’s a completed step up. Is that all, or step 1 of 3 up??? Stay tuned for the exciting conclusion pic.twitter.com/QISxX82Kxc
And top big cap index, SPX, is performing best of all Price projection levels pic.twitter.com/Wjekagov2b
Mid-caps are doing better still. As the cap rises, the performance of the index is rising faster pic.twitter.com/1axYV6oYQ4
But the small caps are doing better than microcaps pic.twitter.com/0kN2CuoNty
Microcaps are struggling along at a much slower rate than SPX pic.twitter.com/mbYp62w4Nk
Banks are acting sick, never a good sign pic.twitter.com/8KCuvINhvM
Mar 2016 – 186 TWEETS
Did I post this one already??? Whatever, this is the latest chart for this indicator. I wanna see the Feb update. pic.twitter.com/rRuTJK553f
Read about the new CDO’s at investmentresearchdynamics.com/the-big-short-…
CDO’s are back. These credit instruments were the cause of the 2008 bank collapse. They’re now called “bespoke opportunity tranches”
Changing demographic in the world where the old outnumber the young Old farts don’t consume as much as younger folks pic.twitter.com/bLRxAUCwLf
Value Line Index has dropped out for upside gains, but SP500 is still in the game pic.twipic.twitter.com/Sov9Rd6E3z
World wide, today is a good day for the markets. pic.twitter.com/nozCRPZ8Nb
If have a step 4 & 5 since 2009, possible could look like the 1990s. 1990s was exceptional, once in lifetime event pic.twitter.com/KUbIgxCMsv
Steps 4 of 5 since 2009 may be underway. Not proven concept, but one that I think is possible. What happens at prior high determines outcome
I have long harbored the thought that we could have steps 4 & 5 up since 2009, but thought we should have a LARGER decline after step 3.
Looks like 3rd step up in daily chart, but it smells of a 5 step up rally. pic.twitter.com/T0n7iFahJa
FED “normally” FOLLOWS market rates, not leading rates. Normally is the key word. When FED moves ahead of market rates, problems can occur
“The Federal Reserve looks to have outsourced monetary policy to the financial markets” That’s almost always been true. (more)
LONG TERM = NEUTRAL SHORT TERM = NEUTRAL / SELLwp.me/p1DRwF-332
About ⅔ of world indexes are on the downside today pic.twitter.com/eo0o0sch8I
Showing good evidence that 3rd step up is underway. Watch for lower lows, which will indicate end of up move pic.twitter.com/sTXABvelBb
YEN is having rough time breaking to the upside. Is this 3 steps down, or a 3 step rally following decline??? pic.twitter.com/oNt7ilFmJ9
Junk bonds (JNK) is heading south at the moment pic.twitter.com/CwlpQR9KxX
Chart seems to be saying, 1 more rally & then finished. RUT usually counts very well, but this may be the exception? pic.twitter.com/YjP0Z85OjB
Another chart showing present rally may have finished, waiting for a break of the lower trend line pic.twitter.com/lKFd8CWRtP
Measurement chart showing that present move may be finished and now correct pic.twitter.com/lJOcCLIhPu
Who I should vote for. Compliments of Chris Lay self-proclaimed “moderately paranoid electronics designer” pic.twitter.com/m8K0P6dxAY
How the chart was constructed using Credit Suisse information pic.twitter.com/aXsAb9XwTv
Look at the countries ahead of the USA. Amazing, absolutely amazing. I knew things were bad, but not this bad. pic.twitter.com/T6dyjpUkdk
November 2015: buying calls for upside Now: buying put protection $spy pic.twitter.com/Xm0qkeHBce
Hayes says there are signs of a sustainable recovery in equities #CNBCvideo.cnbc.com/gallery/?video…
New lows for small caps are growing. Mid cap & large cap new lows are static. Expect reversal to have more new lows pic.twitter.com/b0fVIAq9Qa
This is hard to count even looking at all the indexes. Usually one chart will show the way. Watch for lower lows. pic.twitter.com/LZt4ZP0ZsJ
About 75% of the world markets were on the downside today. Russia was biggest loser and Greece (????) was biggest winner.
Fibonacci projection levels for DJ Ind. Zero % level is good support resistance line. 4 contacts points since Feb 1 pic.twitter.com/AkiVEM0qe5
Blue chip all-star Altria is looking a little toppy at the moment pic.twitter.com/xYE2PNnCVw
DJ industrials hitting upside of the envelope. This envelope has a good record of providing resistance & support pic.twitter.com/f7ibfQcglA
Fibonacci downside projection on the Yen is providing guarded resistance pic.twitter.com/AmB3XDfv4g
Fibonacci radial support and now resistance to the upside. pic.twitter.com/ND5HCkfZYz
SPX at a Fibonacci projection level, we’ll see if it holds or gives away to the upside pic.twitter.com/RLg8wH6TBk
Last gasp for this downward Fibonacci radial pic.twitter.com/uG81QIfjL2
@17_6YrStockCyc This is a Mark Twain quote. That’s why it’s ridiculous.
Advance Decline T invented by Terry Laundry pic.twitter.com/Bcuw45Zane
2 standard deviations above the 50 day average Another indicator saying we are overbought but still going up pic.twitter.com/u5PUzNa9Pm
Continued downtrend in debt vs assets ratio since 2008 pic.twitter.com/wfE1qrWkZz
U.S. Manufacturing Jobs Are Never Coming Back: fivethirtyeight.com/features/manuf… pic.twitter.com/dAk11vW59y
The bulls better hope we are not heading towards another regression to the mean. pic.twitter.com/xaINTo7xi3
America has the best politicians that money can buy. – – Will Rogers twitter.com/ThemisSal/stat…
Suppose you were an idiot, and suppose you were a member of Congress; but I repeat myself. – – Mark Twain
In a warning area for a possible peak although the indicator can go a little lower B4 a reversal takes place pic.twitter.com/Vvz8YxcNqQ
Look at those new highs sailing upward pic.twitter.com/WrBhtaMi76
This indicator is about as negative as it has been in the last couple years pic.twitter.com/6RScaOf17y
Last Dow Theory Buy signal was in December 2014. pic.twitter.com/XlwvPqZN4G
We’re not that far away from giving a BUY signal for Dow Theory. Some might not give a signal until all-time highs?? pic.twitter.com/58uYWHeIIj
But the general market is a long ways from a new high in the advance decline line. pic.twitter.com/3CeEJ0vxUM
SP500 advance decline line at a new high. Strong evidence of the quality of the advance Page 1 Chart 2 stockcharts.com/public/1169350…
What a character! And he probably could get Cheny to confess too. I’d confess, say anything to make it stop. pic.twitter.com/KQy1cZJoMF
Treasury yields register first weekly decline in 5 weeks. U.S. Stock Rebound Reaches Five Weeks. What a coincidence???
Remember the “Child On Board” signs?? This is my car with a “CHILD IN TRUNK” Legs would flop around as car moved pic.twitter.com/3Ak71EDkkh
Here is a chart that says we are going a lot higher before another large correction. This is the DJ Utilities pic.twitter.com/xrlP4GleFB
How Valeant has performed since peak around $265, losing 90% since Aug 2015. This is the darling of institutions. pic.twitter.com/rrmoi3NU6F
I had suspected to produce step 4 up since March 2009 would call for a larger decline from May 2015. That might not be true. We wait & see
This scenario would probably be in play after market fails to exceed peak of cyan 1 pic.twitter.com/5vJxOSMqy1
If market significantly exceeds the May 2015 peak, then the long term count from March 2009 would be in step 4 up, followed by step 5 up.
This scenario would probably be in play after market significantly exceeds peak of red 1 pic.twitter.com/KhCIwPdtPA
2 ways market can go Scenario 1 is more downside into red step 3 Scenario 2 is more upside into finish of red 2 & 3 pic.twipic.twitter.com/EdUMN6U9Ef
If Trump elected, expect lotsa infrastructure projects as a cornerstone of his Presidency & that means CAT does well twitter.com/bespokeinvest/…
Lindsey Graham jokes about someone killing Ted Cruz on the Senate floor. I guess a lot of Senators don’t like Cruz youtube.com/watch?v=HlQsCs…
Trump presidency could have a dangerous impact on increasing the potential of Islamic terror attacks & of a trade war with Mexico and China.
British research organization warned that Donald Trump presidency could have dangerous impact on the world economy
The count in junk bonds (JNK) indicates that the rally in junk bonds should continue for awhile pic.twitter.com/n7ut9DodBM
NOBODY wanted to buy stocks in Mar 2009 (they thought the stove was hot). Took long time B4 dipped their toe back in pic.twitter.com/w2fz6pdrGc
(2) CONTINUED My Charts, 9 pages PAGE 7 – 8 POINT & FIGURE INDEXES PAGE 9 WEEK CHARTS WITH MOMENTUM INDICATORStinyurl.com/j2rkze9
(1) My Charts at StockCharts, 9 pages PAGES 1 THRU 5 INDICATORS PAGE 6 INDEXES – HOUR, DAY, WEEK & MONTH INDEXES WITH ELDER IMPULSE SYSTEM
@focus1234567 EXCELLENT. I think I have this saved already but I need to look on my Aux drive for it. A really great link regardless
“Never confuse genius with a bull market”.
“Most successful investors, in fact, do nothing most of the time.” Jim Rogers
“No matter what we all know today, it’s not going to be true in 10 or 15 years.” Jim Rogers
In 2008 stocks were a good buy . . . . . Goodbye Mercedes, goodbye yacht, goodbye vacation home, goodbye . . . Ed Hart (modified for 2008)
Market Correction – The day after you buy stocks. – Anonymous
Economists have predicted 14 of the last 3 recessions. – Anonymous
Oct this is one peculiarly dangerous months to speculate in stocks. Others are Jul, Jan, Sep, Apr, Nov, May, Jun, Dec, Aug & Feb..Mark Twain
Take all of your savings & buy some good stock & hold it until it goes up, then sell it. If it don’t go up, don’t buy it. – Will Rogers
Money talks, but all mine ever says is “goodbye” – Anonymous
Never check stock prices on a Friday, it could spoil your weekend. – Anonymous
Wall Street is a street with a river at one end and a graveyard at the other. – Anonymous
Those who can . . . do Those who can’t . . . teach Those who can’t teach . . . work for the government. – Anonymous
P/E ratio – The percentage of investors wetting their pants as the market keeps crashing. – Anonymous
“If Santa fails to call the bears will roam on Broad and Wall” – Lucien Hooper
Often times WHEN you take a position can be more important than WHAT you take a position in. – Anonymous
Cut your losses and let your profits run. – Anonymous Don’t marry a stock. Every stock must be sold. – Anonymous
I sell euphoria and buy panic. Wait until prices start gapping. Gapping on the upside is euphoria, while gapping on the downside is panic
Never sell a dull market short. – Anonymous
Nobody is more bearish than a sold-out bull. – Anonymous The public is right during the trends but wrong at both ends. – Humphrey Neill
Never buy a stock that won’t go up in a bull market. Never sell a stock that won’t go down in a bear market. – Anonymous
Bulls make money, bears make money, pigs get slaughtered. – Retold by Bob’s Grandfather
Let Wall Street have a nightmare and the whole country has to help get them back in bed again. – Will Rogers
Wall Street never changes, pockets change, suckers change, stocks change, but Wall Street never changes, because human nature never changes
Don’t ever make the mistake of telling the market it is wrong. – James Dines
When you realize that you are riding a dead horse the best strategy is to dismount. – Sioux Indian Proverb
Spend at least as much time researching a stock as you would choosing a refrigerator. – Peter Lynch
Hope is your worst enemy in the market. – Anonymous Don’t catch a falling knife. – Anonymous
Return of principal is more important than the return on principal. – Anonymous
Markets can remain irrational longer than you can remain solvent. – John Maynard Keynes
A buy and hold strategy is a short term trade that went wrong. – Anonymous
A bubble is a bull market in which you don’t have a position. – Anonymous
Buy the rumor, sell the news. – Anonymous The hardest part of a bull market is staying on. – Anonymous
The main purpose of the stock market is to make fools of as many people as possible. – Bernard Baruch
I made money by selling too soon. – Bernard Baruch If all you have is a hammer, everything looks like a nail. – Bernard Baruch
1+1 is often less than 2, and sometimes considerably less than 0. – The Book “Extraordinary Popular Delusions and the Madness of Crowds”
“Mackay’s Law of Mass Action:” when it comes to the effect of social behavior on the intelligence of individuals, 1+1 is often less than 2
Cases such as Tulipomania in 1624–when Tulip bulbs traded at a higher price than gold–suggest the existence of what I would dub . . .
Men, it has been said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, & one by one
Emotions are your worst enemy in the stock market. – Don Hays
Stocks are bought on expectations, not facts. – Gerald Loeb
If you have trouble imagining a 20% loss in the stock market, you shouldn’t be in stocks. – John (Jack) Bogle
“Whenever you find hope or fear warping judgment, close out your position” – Richard Wyckoff
History always repeats, only the details change. – Edson Gould
“This time it’s different” was prevalent during the bubble of 2000. In 1929 it was called “New Economics”. – Bob
The four most dangerous words in investing are “This time it’s different”. – John Templeton
Rule#1: Never lose money. Rule #2: Never forget rule #1 – Warren Buffett
Buy on the cannons, sell on the trumpets. – Old French Proverb
The time of maximum pessimism is the best time to buy and the time of maximum optimism is the best time to sell. – John Templeton
Essence of investment management is the management of risks, not the management of returns. Well-managed portfolios start with this precept
For S&P run up to prove sustainable, more breadth thrust indicators need to turn bullish – Ned. #BigMo still neutral pic.twitter.com/8t0KiRlaZf
Large caps are outpacing small and micro caps, probably a setup for the correction that never comes pic.twipic.twitter.com/gV1hvZRhTt
Another leg up in the market that’s oversold and won’t quit to take a breath pic.twitter.com/nTObmBsNlh
Just a few international indexes were positive today pic.twitter.com/Z31SIWK65K
SP500 futures surged after the interest-rate decision today, but pared gains after ECB Draghi spoke about further cuts NOT being necessary.
This doesn’t look good!!! 1st trend break since 2009 bottom pic.twitter.com/whCczIvCqX
Altria is fully priced, but deep correction would be an invitation to buy Deep corrections always come with patience pic.twitter.com/UnBRGrqV0Y
Altria is a dividend machine, presently paying 3.7%. If you bought it in 2009, your dividend would be 6 X 3.7 = 22% & 600% capital increase
From MarketWatch “Why low gas prices may boost cigarette sales” New all-time high today for Altria (Phillip Morris) pic.twitter.com/szOiLcZ0qo
Put/Call hovered near sell level, not extreme just near a reversal level. An extreme single day occurred recently pic.twitter.com/6NHY1FvBhL
Should work off highly overbought condition (lower chart) Upper chart shows a level where reversals can take place pic.twitter.com/QH24Ys97a6
All the rest of the index charts show today’s rally as a rally from 1st step down & plunge beginning step 2 down. pic.twitter.com/iVPAa3VhZs
DJIA has the look of a finished 5th step up with today’s early rally, BUT . . . . . pic.twitter.com/SEuDNQafeE
Higher high this morning and then plunged. Is the plunge 3rd step down or what? Need to look at longer term charts pic.twitter.com/eyLl761VDo
Higher highs insure rally after step 2 down is intact. Possible we finished 3 steps dn & another step up is underway pic.twitter.com/KtiO3teKax
It looks like 3rd step down, which should mean lower highs. But watch for higher highs to indicate 2nd step rally pic.twitter.com/zxPGg90yyw
Looks like we finished off step 2 down today, should rally some more and then dip into 3rd step down pic.twitter.com/t4wzLPhwmA
The FANGS got hit today, not a good sign for continuing the uptrend pic.twitter.com/SyKJZUzfX5
Downside bias tonight for the SP500 futures pic.twitter.com/UFhBFIRGbr
Large caps are in 4th step, while mid & small caps are finishing 3rd step up??? Gets confusing when that happens???? pic.twipic.twitter.com/n1xM83Tkfl
Tomorrow, watching for break above the Fri high or decline below today’s bottom. The count lends itself either way?? pic.twitter.com/bjpeKThCQ4
Jeff Saut doesn’t see a “banana” on the horizon. If you don’t remember, or know Herb Stein, read on. pic.twipic.twitter.com/KiMzd2qIVx
From John Murphy It would seem that investors seem to think we are moving from deflationary atmosphere to inflation pic.twitter.com/eV6icBUz3s
Regarding correction that doesn’t want to begin, this is very bullish IF market only has 2-3 day corrections. IF continues – buying stampede
I MAY be out of Verizon coverage for awhile over the next week, but hopefully not. I still wait for the correction that doesn’t want to come
Many hundreds of points in gains following this MA. Two runs of 130 and 160 points. Lotsa points when using futures pic.twitter.com/FVI8zuc2RY
Few whipsaws that occur in daily chart are tiny in comparison with large gains made following the direction of MA pic.twitter.com/8unSuPj0yf
A specialzed MA is interesting. Buy on upward penetration of line, sell & sell short on downward penetration of line pic.twitter.com/Piz3Zjf3Zu
Fibonacci radial appears to be turning advances back as they touch the line pic.twitter.com/XPLIIXaIB2
ADX for SP500 60 minute chart gave a short term sell signal pic.twitter.com/kLiCFU6nrE
Several indexes are touching or exceeding their envelopes. Normal action is (1) slow the advance, or (2) correction pic.twipic.twipic.twipic.twitter.com/FfaCl6yYRz
Yen is in a corrective condition, which may be predictive for US market for next week. pic.twitter.com/rtca1dZS83
1st SP500 futures 2nd NASDAQ 100 futures Divergence SP500 & Nasdaq 100, normal action when correction is coming pic.twipic.twitter.com/NFpIbioLCH
Market that refuses to work off overbought position is a very good indication of a market that is planning on going much higher. We’ll see??
Last week I said we were going to consolidate this week. Boy was that bad advice. So next week we’ll consolidate??? Can’t always be wrong???
SP500 futures with pitchfork & Fibonacci levels. Throw-over of pitchfork & Fibonacci are not uncommon at end of move pic.twitter.com/A8LQGcwYMn
Waiting for the upside oversold to resolve itself. Sometimes the best thing to do is nothing. pic.twitter.com/Na6UNdBZYY
A declining Yen is an indicator of a rising US stock market 1st chart inverse Yen 2nd chart SP500 futures pic.twipic.twitter.com/5O10UxFJdX
“Smart money” Commercial Hedgers have not been this heavily short Yen futures since the 2012 top that preceded a 40% decline.
Jeff Saut said there were a LOT of shorts that expected SP500 1950-1960 area to hold, it didn’t & lotsa shorts ran for cover (market orders)
Obvious mistake I made today was assuming we would only have 3 steps up instead of 5. Major faux pas by me. I’m hiding under a rock tonight
Feb 2016 – 248 TWEETS
Posting thoughts tonight cuz I might not post B4 market close Tues, have to pick up my motorhome from the factory hospital cuz it was sick
I expect a longer & deeper correction following the May 2015 peak, cuz that ended 3 large steps up since 2009 pic.twitter.com/SnTjH6lr6W
If market exceeds cyan 1, followed by new all-time highs, I think step 4 & 5 up have begun. That would surprise me pic.twitter.com/z2IJpizZDE
I don’t expect a rally to exceed cyan 1, cuz if we are waiting for red 3, we should have lower significant highs pic.twitter.com/B4JuFKctmU
Perhaps correction will look similar to last half of Sept 2015, after which the market took off towards Nov peak??? pic.twitter.com/vgvfOvE4r9
Yellow Fibonacci levels of 23%, 38% & 50% have gray retracements in common. One is likely the correction low (50%)?? pic.twitter.com/mIUmfnjZtU
2 Fibonacci retracements (gray & yellow), notice how the gray levels superimpose on the yellow levels pic.twitter.com/srWUWFq3XT
LONG TERM = NEUTRAL SHORT TERM = NEUTRAL wp.me/p1DRwF-332
Example of 1st woman Prime Minister – M. Thatcher – “Iron Lady”, nickname associated with her uncompromising politics & leadership style.
Certainly been the most interesting Presidential nomination processes seen in a LONG time & it’s gonna get more interesting by Nov
Gonna be a tough fight between Hillary & Trump in Nov. Trump has a lot of things going in his favor, while Hillary will project reliability
If Hillary is next President, she will probably project an image of toughest that might surprise people. 1st woman President can’t be a wimp
Market hates uncertainty & with Trump you have uncertainty. Hillary probably is more of Obama, but much tougher pic.twitter.com/JVERyi8yvE
If we have a red 3 step down, it’s likely to be awhile before it arrives. Red 3 probably hinges on the election pic.twitter.com/mJMip8Pxch
Nov 2015 peak labels as cyan 1???, due to the possibility the final bottom occurred Aug 2015. It’s not likely though pic.twitter.com/UfSC5BNQuL
Longer term chart DJIA & correction since May 2015. Latest step 2 up correction will be largest since Feb 12, 2016 pic.twitter.com/Zeau5XuoL3
As expected we’re having a correction this week. Have to wait & see how long it will last, but it’s too early to buy pic.twitter.com/PTv0SV9Svf
Look at past peaks followed with correction that had recovery high & then closed with red bar – loss for the day pic.twitter.com/RYtBLlEwW6
Correction? 1st chart 60 min SPX with 3 steps since 2/12 2nd chart daily SPX with Fri recovery high, closed negative pic.twipic.twitter.com/XXactAyRFP
@focus1234567 I do tend to exaggerate when it comes to myself, like living in a box in the alley.
@JustSignals WOW, way to go
I only have $120 in the bank & I’m gonna buy 2 MO shares, 3 shares if there is blood in the streets. I’m gonna be rich, might have $200 soon
Hindsight is 20-20, would have been nice to buy MO in 2009. Dividend at 2009 price would be 19% + price rise of 6X pic.twitter.com/HmOoNPB6K6
I like to buy bargains when there’s blood in the streets, I’ll wait for that red step 3 that I’ve been talking about pic.twitter.com/6XQiZXY1r7
Altria’s 23 PE is fully priced, but investors count on increasing dividends & earnings, if not interrupted all OK pic.twitter.com/AI03pR06Zl
Altria is to drool over when it comes to dividends & capital gains, dividend is 3.7%, Buy it after a big correction. pic.twitter.com/AJixoD08SR
What will cash rich people do if they have to pay the bank to keep their money? Betcha they put money into consistent dividend paying stocks
What happens when the Fed takes interest rates negative? You’ll pay your bank to keep your money. Lotsa cash rich people won’t like it !!!
QE Group of 20 will use monetary, fiscal and structural tools to support economic growth, according to draft statement obtained by Bloomberg
Little guys don’t have a good record of going the correct direction during a major inflection point twitter.com/sentimentrader…
Large caps made recovery high & might close at loss for the day. Hasn’t taken place yet but watch for it at close. pic.twitter.com/Z4zWzHuNCC
LONG TERM = NEUTRAL SHORT TERM = NEUTRAL, take some profits Keep a sharp eye out for lower highs beginning Monday wp.me/p1DRwF-332
Wouldn’t be surprised to see the market correct next week.
60 minute envelope has been touched on upside by large cap indexes. Means trend slow down, or possible reversal pic.twitter.com/08Wmesyk3f
Just noticed that we have a 60 minute ADX consolidation, or sell signal today pic.twitter.com/uqBICTL615
Mark Hart takes a step back & gives us perspective on global deflation. Start a free trial: realvisiontv.com pic.twitter.com/GaH3haI990
Fibonacci projection levels based on the Feb bottom pic.twitter.com/YjcY2xhJqn
Fibonacci upward projection levels based on the Jan bottom pic.twitter.com/WDKD5UVBHv
NOTE I’m not getting bearish right now showing you all of this horrible stuff. It’s just a lesson for myself & you as to what might be ahead
Fibonacci projection that gave us Aug, Jan & Feb bottoms. I’ll post another projection for a possibly lower bottom pic.twitter.com/aQZDufNNY4
Wave count since 2009 I don’t discount possibility of a step 4 & 5 to the upside, after a correction of about 25% pic.twitter.com/alprme5TOn
Meantime, enjoy the short term rally and don’t worry about the 3 for a bit.
The Russell 2000 (small cap) count. Again . . . where’s the red 3 ???? I’ve made a mistake, or the 3 is ahead of us pic.twitter.com/LOJKnhWL3f
Looks like the small correction is finished after it makes a new recovery high pic.twitter.com/qrvVfsIsE7
SP futures slogging thru the swamp of overhead resistance. That correction “may” be finished, show you in next tweet pic.twitter.com/3uAvJb0udr
Yen going in the right direction today for a rally in US markets pic.twitter.com/bYJPUXyYxw
Yen going in the right direction today for a rally in US markets pic.twitter.com/Keth7WRumc
Current progress of the SP500 futures against overhead resistance. More results on Friday pic.twitter.com/eULaF0NtsM
We’ll see if the market can slog thru the upper resistance line on Friday, which is around the 1960 SP futures price pic.twitter.com/UgSGSVW9a9
@coreyspowell This is good news cuz I have plans for the next 4 billion years.
SP500 futures are trying to crack the overhead resistance pic.twitter.com/0FeXQyXj1m
Because there are outstanding problems with the wave count, this keeps me from declaring a long term buy signal.
PROBLEM Chart doesn’t have a red 3rd step down? Red 3rd step matches Tom DeMark’s predicted decline??? We’ll see? pic.twitter.com/yIhzMEmkYm
PROBLEM Chart doesn’t have a completed 5th step down. Size makes no difference in a step, it can be 10 points or 100 pic.twitter.com/9iNGodkJ4O
“If [the market doesn’t fall ] in the next two or three weeks, we’ll have to rethink [the scenario]” Tom DeMark said marketwatch.com/story/why-tom-…
#EBITDA, just like net-income is very sensitive to accounting manipulations. realinvestmentadvice.com/3-things-earni… pic.twitter.com/98mnxQc3tP
Exceeding peak of 2/22 has lotsa past resistance to overcome. Breaking that resistance should propel market higher pic.twitter.com/A0gIjuILwV
2/25/16 13:51 EST LONG TERM = NEUTRAL SHORT TERM = BUY Keep a sharp eye out for lower highs to avoid problems wp.me/p1DRwF-332
There we go, got the breakout to the upside, need to break the peak of 2/22 pic.twitter.com/uhfCTCO0qa
Waiting for a breakout from the triangle to see if the rally will continue, or if there is more correction ahead??? pic.twitter.com/bzWOKEpsEH
After a big rally, we would expect a 3 step correction, but this chart could also be a 3 step rally that is topping? pic.twitter.com/3RD7FWQUxw
Two steps down finished. There is a tiny possibility that step 3 has already occurred pic.twitter.com/34yF8KGOLH
The correction looks more limited now. Hopefully resistance around 1915 will hold pic.twitter.com/8gE1RcqVYR
Track SP500 futures for free barchart.com/chart.php?sym=…pic.twitter.com/CvuLBh9rCH
China plunging tonight & taking SP 500 futures down more than expected. Watch closely, expect resistance about 1915 pic.twitter.com/Kf9JkFkeOx
Didn’t the market have a big reversal today. It seems likely that we will exceed the prior peak of 2/22/16 pic.twitter.com/loEEiub4wi
2/24/16 19:04 EST LONG TERM = NEUTRAL/BUY See count on 2/15/16 SHORT TERM = BUY wp.me/p1DRwF-332
DEFLATION Lions and tigers and bears! Oh my!
DEFLATION – why buy today when you can buy it cheaper tomorrow??? That thinking throws the economy into a crisis!!! pic.twitter.com/TynaK4d0vg
WHY is oil strongly linked to world stock markets??? I believe declining oil is a symptom of DEFLATION. pic.twitter.com/VOCscj8kAK
I can count 3 steps down, but again if we don’t exceed the peak on Feb 22, this will be labeled a larger step 1 down pic.twitter.com/tQ6zzgYiDz
Only when the market breaks the downtrend channel are we in the clear. Market must rally a lot to break downtrend pic.twitter.com/TXt7QI3uNY
This chart bothers me. Where is step 5 in larger step 5. It’s possible that we don’t have a finished downtrend??? pic.twitter.com/zdFGwUiKSf
It seems the whole world is in the red today. Market is in 3rd step down, or maybe still in an extended step 2 ??? pic.twipic.twitter.com/QmVwpHAuUa
Slope of step 2 channel has been broken by recent quick rally. Is step 2 finished, or did the channel subdivide??? pic.twitter.com/5p1GKZnFNA
Possible step 2 down is complete. ONLY breaking trend channel of step 2 decides that the step has definitely ended pic.twitter.com/BBrvLHWNP3
Latest chart showing the correction in the SP 500 futures. It looks like we are in the later stages of step 2 down. pic.twitter.com/lFoBp7ZOvy
The first 3 steps down from last night turned into larger step 1 down. Now we are correcting into larger step 2 down pic.twitter.com/Vbec506IPJ
Correction began B4 Monday’s close completed 3 steps down during night. Rally must now exceed Mon high to avoid being labeled step 1 down???
Short term oscillators are overbought, long term is nearing overbought pic.twitter.com/AWSo1HRV7c
McClellan oscillator is overbought and could have a correction at any time pic.twitter.com/TZdvZhjjXe
LONG TERM = NEUTRAL/BUY See count on 2/15/16 SHORT TERM = BUY/NEUTRAL, BUT TAKE SOME PROFITS NOW wp.me/p1DRwF-332
We have a “possible” projection level coming thru at today’s peak. Maybe not meaningful, but keeping watch over it pic.twitter.com/Dl0doLunXQ
Started small correction near close today, in 2nd step down. Hopefully this isn’t 2nd step in a larger 1st step down pic.twitter.com/KxXgAs2FLB
LONG TERM = NEUTRAL/BUY See count on 2/15/16 SHORT TERM = BUY/NEUTRAL, BUT TAKE SOME PROFITS NOW wp.me/p1DRwF-332
Yen – 3 steps down since 2/15, now retracing upward step, wouldn’t expect to see lower low of 2/19, bad mojo new low pic.twitter.com/K4q7IXhB8n
@focus1234567 Problem is making spreadsheet work properly. It’s simple system, buy upward penetration of line, sell on downward penetration
Automated process purpose is to catch the large moves, which will make the whipsaws minor in comparison pic.twitter.com/ZPJfXVoswb
Automated process has problems during a flat area of market trading incurring whipsaws with more losses than gains pic.twitter.com/Na8upOZ1jq
Trying to make my trading model (chart) an automated process. I’m a programmer having formula problems – the shame!! pic.twitter.com/WT727CeFJS
Rydex sentiment declining since Jan 2015. Chart is the ratio of of Rydex bull fund assets to Rydex bear fund assets pic.twitter.com/djIeaK3z9S
The rally & current correction depicted in chart. Correction has fallen about 24% of the prior rally, shallow so far pic.twitter.com/dDH7Jyle0o
Most of the world is correcting today (on the downside) pic.twitter.com/dL4aRrDXlw
chart 1, projection from recent low chart 2, higher projection levels, yellow line is prior peak pic.twipic.twitter.com/CO0poVu1Xf
On recent retest of bottom, not as many stocks were below their 20 day moving average as the prior bottom in Jan pic.twitter.com/CBF72zGwp5
A little over half of the world is on the upside today. pic.twitter.com/xqvH4lDHfY
Yen hasn’t reversed direction, still trending down (inverted chart), when it reverses, expect our market to rally pic.twitter.com/J34EdyJEpW
So far the correction is shallow and orderly, doesn’t seem to be in the mood for another bottom test (hopefully) pic.twitter.com/mrZ9HblPEM
I think the current small step down in Yen is going to correspond to a correction of the last 3 days of stock rally pic.twitter.com/0pGaZ4YKCG
Hmmmmm, the Yen has run out of steam (inverted chart), will that carry over to our stock market pic.twitter.com/Hp2WNBtL9K
World is rallying, Russia is in the lead now that we “might” see higher oil prices ahead but everyone’s getting well pic.twitter.com/DICCSc75Me
Monday while markets were closed, I said: LONG TERM = LONG TERM BUY MAY BE IN EFFECT See count on 2/15/16 SHORT TERM = Higher high likely
First stopping point “should” be SPX 1950 (prior high), but if it blows right thru it, watch out cuz we blasted off pic.twitter.com/ZghVVr9DGq
3rd day of rally, frequently market will pause after 3 days of rally, but off a correction low not necessarily true pic.twitter.com/mR1jQh7yuP
ARE WE HAVING FUN YET???
LONG TERM = NEUTRAL/BUY See count on 2/15/16 SHORT TERM = BUY Higher highs likely wp.me/p1DRwF-332
Notice the recent retest of the envelope for SPX & DJIA stopped right on the envelope boundary without a penetration pic.twipic.twitter.com/Y0GxryWLou
World markets on the upside, SP500 is up 33 points, DJIA is up 256 points, NASDAQ up 81 points pic.twitter.com/9054IQQ4A0
Taxes could deter trading & this leads to HIGHER volatility, meaning higher spreads on buying or selling, downdrafts could become common
The .005% tax would be more than I pay in transaction costs to my broker. His tax is small & wouldn’t deter me from trading, but others???
Bernie Sanders tax on derivative transactions would be .005% (or .00005 multiplier). Commodity transactions probably classed as derivative
If we have ended red step II down, a SUBSTANTIAL rally could still take place before red step III takes place. pic.twitter.com/ZkJwadHAap
Why we are may be in a bear market rally? The RUT count says another step down (red III) is coming pic.twitter.com/IuJ7sOdRYl
Sanders bill pay an excise tax on all market transfers, stock 0.5% tax rate, or $5 for every $1000 of stocks traded. pic.twitter.com/LXRBMdRi1d
Draghi Says ECB Will Act If Market Turmoil Threatens Outlook pic.twitter.com/7OPkuksAYs
Wave count does make sense for a bottom but must be proven still Global QE may be in process of saving market again pic.twipic.twipic.twitter.com/BVG0LCkSD6
LONG TERM = LONG TERM BUY MAY BE IN EFFECT See count on 2/15/16 SHORT TERM = Higher high likely wp.me/p1DRwF-332
Back to sleep for me, west coast time
Learned many many years ago that if USA has a holiday, the rest of the world is still trading & that means SP500 futures are trading too.
Appears the world expects central banks to do something. What’s Yellen gonna do? Probably nothing, leave the stimulus to China, Japan & EU
Just cuz USA markets are closed doesn’t mean world sits still. NASDAQ up over 2%, SP 500 up 1.5%. Greece up 10% pic.twipic.twitter.com/GgEMNRLEsm
Markets today: Japan GDP shrinks more than expected, stocks soar 7%. China trade activity collapses, yuan has biggest rise in a decade.
If market advances strongly on Monday too, Tuesday should be one hell of an upward gap in the market. We’ll see about that later.
SP500 futures up over 1% Sunday night. Worldwide advance also underway
When I say a higher high is likely, I mean above 1880 SPX, be alert for a bigger rally pic.twitter.com/PYSbh8aNfc
Tom DeMark “Said another way, stocks could fall about 5% from current levels.” Before the bottom is made
TOM DEMARK: The stock market will bottom in the next 2 or 3 days
I always like to remind people that the 1973-1974 bear market occurred while the economy was rising. When recession started, market reversed
JP Morgan says there’s a 92% chance of recession within 3 years pic.twitter.com/TYorXpx5Z6
Bond guru Gary Shilling thinks the 10-year Treasury yield is heading to 1%
“Economists increasingly think Fed’s hands are tied” Just what you wanna hear.
Jeff Saut is raising cash (weakest stocks) when the present rally runs out of steam. He is following the renewed Dow Theory sell signal.
LONG TERM = Barely a new Dow Theory signal Follow short term > loss likely SHORT TERM = Rally, higher high likely wp.me/p1DRwF-332
Since early Feb market has completed 3 steps down, rally should be larger than the other rallies on this leg. pic.twitter.com/lawarSUY0X
LONG TERM = 8/24/15 barely broken on 2/11/16 Follow short term > loss possible SHORT TERM = ?? Rally possible??? wp.me/p1DRwF-332
If a new Dow Theory sell has been signaled, needs downside follow thru for validation.
Is this the final figure for the DJIA, we have lower low today than Aug low, reinstating Dow Theory sell (barely) pic.twitter.com/5w8pN9FDYp
Upside volume kicking in here, this looks like some type of rally is taking place. Good place for it to occur.
Days since May peak to Sep low equals today. Is this going to be valid or another worthless measurement??? No new low is in the offing today
Remember when drillers didn’t care about polluting ground with their gusher? Polution is BS!!! Get away from me boy. pic.twitter.com/j2UccPMUso
LONG TERM = Break Jan 20 low likely = BEAR Follow short term > loss possible SHORT TERM = ???? Rally possible??? wp.me/p1DRwF-332
IMPORTANT NASDAQ is out performing the DJIA & SPX on the upside today, good sign for rally pic.twipic.twipic.twitter.com/ZohVotamAW
Market isn’t really willing to achieve a new Dow Theory signal. Just wandering around in the area of the Aug low
From Tom McClellan Pessimism has run high since stock peak in 2000. Tom says Americans run normally pessimistic pic.twitter.com/cMgTaNl2my
15,666,44 needs to CLOSE below this figure for another Dow Theory sell signal. Kinda depends on how the close goes. pic.twitter.com/qaT4Ft60Sw
Banks continue to slide faster than the average stock. Not good news. pic.twitter.com/26h79d1BaT
Is this the day we get ANOTHER Dow Theory sell signal? Dow Industrials have lagged other large caps on the downside pic.twitter.com/A5a46DmtNJ
Recapitalizing the banks could devalue yuan in excess of 30 percent against the dollar
China Bank Losses May Top 400% of Subprime Crisis China would have to print $10 trillion to recapitalize banks
Obviously we’re in the middle of a political revolution and where it ends . . . who knows?? pic.twitter.com/KmpBmLWHzw
“Strategists contend this stock market requires a true purge” Big corrections end with a bang or a whimper. We’ve had neither so far
The rally after a 3 step down. Looks like the end of step 2 down since early Feb peak pic.twipic.twitter.com/fU9CJClQxp
SP500 had the lowest closing low including the Aug low pic.twitter.com/38cPYXqZkU
Consumer discretionary to consumer staples ratio is still falling pic.twitter.com/h9hs3fMhcs
Smith argues that when businesses & households stop taking out loans & instead start paying off debt, it’s a sign that a recession is ahead
Oil industry woes grow as storage levels hit ‘critical level’ Where to put all the excess oil???
“Yellen may tell Congress her goal is not to slow the economy” Probably the basis of the rebound today
Superbowl commercials youtu.be/y3FkyPVKHPA youtu.be/ugn_qmQ0NFoyoutu.be/ql7uY36-LwA
Deutsche Bank AG’s shares dropped sharply Mon, losing almost 10% of their value as the banking sector came in for fresh punishment.
@focus1234567 Terry had a gold mega T out to 2022 and the decline gold has had since the peak would not have allowed for that T to be valid
The DJIA is about 170 points away from giving a renewed Dow Theory bear market signal. I wonder when/if that’s going to happen.
“Possible” downside measurement for SPX pic.twitter.com/Zjty5N3xvb
Daily ADX has reached the buy point but it’s not active until the reversal takes place pic.twitter.com/CyZGYcCvJG
Daily envelope boundary for SP500 & DJIA, SPX is close to boundary edge pic.twipic.twitter.com/t76bFO3GGL
Junk bonds falling in what “looks” like step 5 in Large Step II (red) pic.twitter.com/CSFL1h8Wqp
Jeff We need three or more consecutive positive sessions before the “all clear” bell is sounded
Jeff It is also why sometimes you do need to do something stupid to manage the risk and to NEVER try and catch a falling knife.
Jeff Saut session 28 in what is turning into a very long “selling stampede!”
Jeff Saut Whatever the reason, something still feels “out of balance in the universe,” a phrase we have been repeating for many weeks.
Triple bottoms rarely hold
LONG TERM = Break Jan 20 low likely = BEAR Follow short > loss possible SHORT TERM = Support not likely = BEAR wp.me/p1DRwF-332
Look at the NASTY-DAQ (nasdaq) gapping down today. pic.twitter.com/bb7GUjmYse
SP500 & DJIA have further to go to penetrate Jan low, as they lag small cap indexes. Count looks wrong on large caps pic.twipic.twitter.com/MKm6SRodkO
Russell small cap & micro cap are violating their Jan lows. Note the wave count on the small cap chart. Not pretty. pic.twipic.twitter.com/xXhWsg7q8z
One of the best defensive matchups in Super Bowl history & it will be a long time before you see another defensive clash of this caliber.
The PuppyMonkeyBaby scared the market & the Doritos baby is the re-incarnation of Rosemary’s baby. LMAO pic.twitter.com/NwhMuzyEjD
Never a good sign Investors dump stocks, scoop up bonds for 5th straight week
LONG TERM = NEUTRAL, Break Jan 20 low = BEAR Follow short term > loss possible SHORT TERM = NEUTRAL wp.me/p1DRwF-332
Lotsa fun last week . . . for the bears pic.twitter.com/AJGBMMuLET
About 20 to 25 cents per gallon of gas pic.twitter.com/zQb0pmKC9L
Oh Joy. Another Sign of Rough Sledding Ahead: Dividend Cuts Surpass 2008
Bring back Glass–Steagall. Refers to Banking Act of 1933 that limited banks and securities firms pic.twitter.com/vfv6r42otZ
@focus1234567 Sorry, I don’t follow sectors.
3 Conclusion There were alarming numbers of new lows on Wednesday and Friday last week and the secondaries fell to new cycle lows.
2 New lows increased last week, but not to levels high enough to turn the new low indicators downward
1 Mike Burk The Positives There will be great opportunities when this decline is over The Negatives New lows returned in threatening numbers
Maybe junk bonds are nearing a bottom, but is it a double bottom, lower or higher bottom???? pic.twitter.com/LEPEVj1YBN
“Maybe” banks are finally finishing their decline since Nov??? pic.twitter.com/MvXDkUC8dZ
Got an upward tick on the recent data. pic.twitter.com/gRdHejkd9I
This is all about channels breaking. Read my step count glossary, you realize how important breaking channels become pic.twitter.com/rCplRwkQcz
See how counted steps in this chart. Another secret on how to count successfully. Might be surprised how often works pic.twitter.com/gMWC9B3VxK
This is not normal step creation but it does occur and you MUST look for it to call the market correctly. pic.twitter.com/if05Xyi86q
I lost lots of money before I was aware of this fact, waiting for a step that never came because it had occurred pic.twitter.com/OxIQkevn3u
The thrusts upward or downward you must count as the step even though it doesn’t make higher high or lower low !!!! pic.twitter.com/PGLhyLNnut
An important fact regarding counting steps. In chart below look at labeling of step 2. It’s not higher than step 1 pic.twitter.com/1MKGABFy2D
My first computer (1977) to learn what a nerd I was, but today I don’t work as hard at being a nerd stock-market-observations.com/2012/02/15/feb…
My blog shows I became an index trader in the early 1970s. Read my blog link below about my investor evolution stock-market-observations.com/2013/12/05/124…
I realized early on that it was very important WHEN I bought a stock. In the late 1970s I became an index trader & not a stock picker.
Shorting the market . . . WOW! Blundering into a short has a million lessons to lay on you. I learned most of them quickly – no money left
A teenage newbie a million years ago, I thought it would be great if you could make money when stocks declined & then I heard about shorting
Why blow off the bear scenario? Few people short the market & market has long history of going up. Why fight history? I flow with the trend
No one likes to read about bearish scenarios. Bull scenarios is what gets investors/speculators juices flowing. Most blow off the bear talk
But one should have liquidated long/short term holding as we rallied back towards the old highs in November. As I advised after August lows
If we have entered large step 3 down since 2000, there is plenty of time to become very bearish.
Just possibilities that I’m bouncing off the walls today. No one should be too bearish or too bullish. Always try to see possibilities ahead
SP500 is down -15%, DJIA is down -16% All intraday figures for this & preceding tweet
Small cap and micro cap for the last year micro cap down -29%, small cap down -26% Significant correction range pic.twipic.twitter.com/ZUM0StOYqV
IF the decline is finished, I would be surprised if we got a significant step 4 & 5. Token highs for 4 & 5 is likely pic.twitter.com/9Uvk7qETbJ
This log chart is a nonlinear scale showing a large range. Based on orders of magnitude (%) & not a linear scale pic.twitter.com/LX3F6mtPZh
For steps 4 & 5 up to occur: 1. Decline of 20-30% 2. We could wander around token new lows for months longer pic.twitter.com/qeOa33CAkM
Which outcome is taking place? Resuming bull steps 4 & 5, we should have a longer (time) decline than presently pic.twitter.com/bZtTPDYPQL
2 possibilities: 1. A significant correction & resume upward in steps 4 & 5 2. Decline immediately into bear #3 pic.twitter.com/lic3MSOaya
BUT bear market #3 isn’t confirmed until we have broken the upward channel since the 2009 low. pic.twitter.com/pTkxftns61
1966 to 1974, there were 3 bear markets. Since 2000, we have had 2 bear markets and I believe bear market #3 awaits pic.twitter.com/wbmtfpdExU
Bear market 2000 to 2003 didn’t decline 50%. Therefore I believed we would have something similar to 1966 to 1974 pic.twitter.com/Jjg5aLxqqz
Prior tweet failed to label bear market since 2000. 2000 was a very significant & crazy point in market history pic.twitter.com/kGv8XUV8V2
I’m a student of stock market history believing the stock market repeats, only the details change. DJIA 1928 – 2016 pic.twipic.twitter.com/xTblMimpAH
Global manufacturing PMIs suggest global economy not falling apart. But growth likely below trend. @AleGrindal pic.twitter.com/DyBCC7ZbjP
Skew index has fallen back to a level where declines are not likely to continue. Skew declined today as market fell pic.twitter.com/ertXan7ngY
Small change to the pinned tweet at the top
LONG TERM = NEUTRAL, Break Jan 20 low = BEAR Follow short term > loss possible SHORT TERM = BULL, retest possible wp.me/p1DRwF-332
Presently we’re having a CORRECTION after recent rally. Prior tweet’s disaster needs significant break of prior low pic.twitter.com/hHPvFykddK
BREAK of 3rd step low COULD renew Dow Theory sell signal & “COULD” indicate 4th & 5th step is underway, we’ll see pic.twitter.com/DAuSx3TD4I
Notice that the rally hasn’t broken the trend that began in early Nov. The rally has only broken the trend of step 3 pic.twitter.com/3BuJwc0Pp9
3 steps up since the bottom means we are susceptible to a retest in the near future. stockcharts.com/public/1169350…pic.twipic.twitter.com/gGzhvwSJTs
The world indexes are on the downside today. pic.twitter.com/ndvTAkSJFw
Looks like about 60% of the world markets are on the downside today. The down markets have deeper losses though. pic.twitter.com/x28DUC9xq3
Jan 2016 – 557 TWEETS
2 For now, decline in new lows suggests rally should continue awhile Looks like a bear market rally that should last at least, several weeks
Mike Burk 1 The good news is: The worst January since 2008 is over. The Negatives New lows on NASDAQ have remained uncomfortably high
I questioned ETF problems several years ago. They survived 2008 without total collapse so maybe the problem is small pic.twitter.com/uemSrQjbIj
Banks woke up today so the BOJ announcement was not expected by the banks pic.twitter.com/30tB48IITu
LONG TERM = NEUTRAL Follow short term > loss potential SHORT TERM = BULL FOR NOW Rally is here, Retest likely wp.me/p1DRwF-332
Top tweet was revised slightly If things work well, revisions should be small
IF these trend lines are correct, the advance is nearly finished for today, we’ll see pic.twipic.twitter.com/A0H7SPSD0S
Mid, small & micro caps are lagging large caps, I guess the world stage favors big guys for now or something’s wrong pic.twipic.twipic.twipic.twitter.com/pURAD3dzed
YEN for last 24 hours, up then sharply down and then back up, what a roller coaster pic.twitter.com/gQABnr3PX4
To magnify & make charts bigger Windows 7 – Hit the Windows key and + IOS – hold down control + move mouse upward Reverse to shrink
This is nice to see as we finally are getting away from the bottom and completing the 3rd step down with no 4 & 5 pic.twitter.com/hKyfJMFnuM
UPS has to take a hit when Amazon has completed its new fulfillment program. The % makeup of Amazon on UPS trucks has gotta be substantial
Soon Amazon will be shipping their packages around the country in their own jets, delivering all of their packages in their trucks & drivers
Amazon fulfillment cost problems???? Just yesterday I received a package from Amazon & THEIR driver was driving a rental van from Enterprise
Russia gets nearly half its revenue from oil & gas, is scrambling to plug a 1.5 trillion-ruble hole in its budget pic.twitter.com/FNPufVJWfp
Since the world is well in the green today, I guess everyone liked what the BOJ did last night pic.twipic.twitter.com/thA3tSqim3
First reaction in Japan to BOJ announcement was down, but now is climbing back to the highs of the day pic.twitter.com/L9FZPIbKm7
Does BOJ action affect US Banks?? Has BOJ expectations made them sickly recently??? Don’t know cuz it’s fundamentals & not my playground
Japanese banks tumbled in trading after central bank said it will start charging them for some of their deposits held at the institution.
Bank of Japan pushed interest rates below zero Fri, after years of keeping them at lower end of the positive range pic.twitter.com/6wTNj6DvKx
The count seems to say the the final step is finished but there is no convincing break of the last down thrust pic.twitter.com/7LbMCZB7qw
New lows chart seems to be saying there isn’t much to the present correction pic.twitter.com/9sXubhYW1E
The FANGS are performing OK except for Apple & Netflix Lotsa joy but no new high in FB today pic.twitter.com/mzwek92EhH
The most below the red line since 2012 pic.twitter.com/WLyglLFBzI
Put/Call ratio has quickly moved into a neutral level pic.twitter.com/u0OMhFqe1t
Interesting chart, coincidence or reality?? pic.twitter.com/CRW1luXaMm
Could be the end of a minor 3 step rally that occurred since this morning pic.twitter.com/IbEOHzwIKw
New pitchfork after the old one was penetrated on the downside pic.twitter.com/VLrJw1aTHy
Triangle measurement is width of the triangle added to the breakout point. Let’s hope that’s taking place
Yesterday and today has been forming a triangle in most of the indexes. It looks like we are breaking to the upside on the triangle
You see part of the reason why I write tweets, I put my thoughts into a cohesive manner & in the process may see something didn’t see before
All of this is making me not feel so good, I beginning to convince myself that MAYBE I should retract my horns just a little bit more.
It looks like a rally during a continuing slide. We NEED more upside to break the down trend to have a real rally pic.twitter.com/aonjEWojzd
Large caps is where the action is at. Underperformance of small & mid caps led to the 2 steps down pic.twipic.twitter.com/j7KXGwLWCq
Russell small cap and micro cap have no dynamics to them, just going thru the motions pic.twipic.twitter.com/O3Yb1LihDD
Banks feeble attempt at a rally, not a pretty picture pic.twitter.com/4i0Z386PpW
OK, I answered that, so I can go back and show you the pretty charts, which you can decipher any way you want.
We have to surge higher to get rid of the possibility of steps 4 & 5 taking place pic.twitter.com/bBCgjDlOD7
Alternative would be larger step 2 has 3 steps down, but it may still have steps 4 & 5 coming. Not a pretty picture pic.twitter.com/M5oD3vzWiK
If we have a step 3 down, I expect it to be worse than step 2 down For now we rally regardless of what coming pic.twitter.com/UqIOycSwlz
If it’s a double bottom Aug-Nov was step 1 up If it’s step 2 down, then we have a significant rally & then step 3 pic.twitter.com/yUa1zEZaZ1
Screw the charts, WHAT IS GOING TO HAPPEN NEXT? May-Aug was 1 step down, Nov-Jan was step 2 or a double bottom? pic.twitter.com/p4UwkxqmQQ
The selling pressure continues to lessen but there is no buying of consequence yet pic.twitter.com/CvpdsZFWUd
Contact on the underside of a Fibonacci radial for the SPX futures pic.twitter.com/f8LE42BD1C
It’s about 50-50 on the world indexes today pic.twitter.com/JApFDuaCIG
2 steps up since FEDs plunge earlier today. What’s going to happen after 3rd step up. Gentle correction, or havoc??? pic.twitter.com/Cu44oyLqqm
Some see the market like this, I’d wait awhile before I see it this way & I’d be 150 miles from big X on the ground pic.twitter.com/FUNE0eqsRZ
OR just count 3 steps down from today’s peak, I’ll go with this one for now. pic.twitter.com/esB39mluQi
Watching 1851 this chart. significant penetration means we’re in step 2 down since peak of 3 day rally & not good pic.twitter.com/sqkLjux2Ou
1880 didn’t hold, which wasn’t too much of a surprise pic.twitter.com/t9J1wjD2QY
Already have one twitter.com/Lizardjb3/stat…
In 3rd step down, upon reversal should have a decent rally, but if not, then look for 4 & 5 down ???? pic.twitter.com/TVdoZA8qt8
There it goes again, for the 3rd time, hopefully 1880 SPX futures will hold, NASDAQ was the warning sign for today pic.twitter.com/KwUBOnztHe
Right now, Wall St is parsing the FED announcement and when they’re done, true market direction will arrive
After a FED announcement, market usually freaks out for the first 30 to 40 minutes If it’s great news, market will take off like a rocket.
FED leaves interest rates unchanged Fed turns more dovish as economic growth slows Closely Watching World Developments
The FED is messing with the market today, charts are Yen & SPX futures pic.twipic.twitter.com/tsrI69ifdB
All of the yellow background charts were from Yardeni Research, a knowledgeable company with great charts
Unemployment claims and the stock market pic.twitter.com/0rE9sjzN36
Deviation from the 200 day moving average line for SPX Strongest at beginning of bull market & declines constantly pic.twitter.com/91C7Uk3bXh
Green lines show up near or at bottoms, sometime “near” means way too early but it’s a rough & fairly good indicator pic.twitter.com/TiY3jEhvzl
Investors Intelligence Sentiment, correction percentage pic.twitter.com/cpPrv3kB7D
This is showing a business slowdown, if it continues, it will be leading a recession, for now it’s just bad voodoo pic.twitter.com/nhXPRneSfh
Changed the top level tweet, which gives my long & short view of the market
LONG TERM = NEUTRAL & THINKING SHORT TERM = BULL TO NEUTRAL A rally is here – will it last??? wp.me/p1DRwF-332
I REALLY DON’T LIKE THIS CHART, the NASDAQ is lagging & showing lower highs, could be clue rally is going to blowup pic.twitter.com/kkharOWD1w
The pitchfork is working and has given us a lower trend line pic.twitter.com/9Ln7Doy4iu
SPX is moving away from the lowest part of the envelope, daily chart pic.twitter.com/xOHDrA52xi
SPX has moved away from the lowest part of the envelope, 60 minute chart pic.twitter.com/XTzqzJtpof
Only 1 of the ADX lines (red) has moved out of buy territory. Appears that selling has abated, buying is still low pic.twitter.com/TevaL3URF3
Fibonacci radial is back to the origin level for this radial pic.twitter.com/8C65e4scbq
Last night’s retracement was 23.6%, a well controlled mini-correction. Now we have resistance at 1910 SPX pic.twitter.com/6RaP5u9Vjb
Fibonacci radial and retracement lines of today’s rally pic.twitter.com/EdUEfBuggI
Fed officials will gather for two days of talks on Tuesday and Wednesday and release a policy statement at the conclusion at 2 p.m. Eastern.
Bear Market Drops CRB Commodity Index To a 43 Year Lows
iPhone sales grew at slowest pace since 2007 & forecast revenue in current quarter will decline at steepest rate in 15 years
Fibonacci radials and a couple of trend lines pic.twitter.com/JwOEbptmke
Most of the world markets are on the upside today pic.twitter.com/TpqccJQ7RB
Chugging upward making higher highs, need to surpass the prior peak of last week pic.twitter.com/UabVPZGzQ9
New pitchfork generated from last night’s low pic.twitter.com/4HrEHkq1Vm
Could an outsider to Washington change things??? The Terminator couldn’t do it in Calif cuz legislature wouldn’t work with him.
Intersection point of 2 trend lines gave reversal point last night. We’ll see if these trend lines are valid later pic.twitter.com/UICIY6pAZu
Fibonacci radial support after penetrating origin point of radial. Easy to forget how it works negative & positive pic.twitter.com/3u22bDcIRe
This was ONE of the downside projections from the Nov 3 peak. It missed by a dozen points. pic.twitter.com/2HVMcIp03D
Projection levels from the recent 3 day rally peak. All the market has to do is punch thru to higher highs. pic.twitter.com/oOX344dKa1
Retracement from peak was a couple of points more than 50% figure I mentioned yesterday. Looking for higher highs pic.twitter.com/i2v9wuhaOr
Wed thru Fri rally has a 50% retracement at 1861 SPX, this is also where we would have lower lows, watch it closely pic.twitter.com/GLYHzSMfm2
Banks are still declining & I don’t like that, but maybe they’ll reverse before it becomes a big problem. We’ll see pic.twitter.com/19ripJBplJ
We should see higher highs and break the red trend line pic.twitter.com/HLy3XjyERW
World is tilted slightly towards the downside today. No big deal. pic.twitter.com/IEebpjFL6l
After a SUCCESSFUL bottom retest Gotta emphasize the word successful
One use of the count is perspective, gives you an idea of magnitude of what to expect next. Edson Gould emphasized perspective
Before the retest, I think we should be in the area of the mid-October peak. pic.twitter.com/Yd1r8wYQ1U
A good counting index, kinda lags a bit, but the count seems good when used in conjunction with the SPX pic.twitter.com/OrKFO2f4RA
Market should zig zag its way higher, there should be corrections along the way. After a bottom retest, the market should gain speed higher
YEN has been going thru a normal correction since late Friday pic.twitter.com/d31r8O3Unt
Step 3 counting from 2009 has ENDED, question has been, will there be a step 4 & 5? If market SIGNIFICANTLY makes new highs, confirms step 4
PUT/CALL ratio, last week it hit an extreme envelope reading, which is not often touched pic.twitter.com/L03aR3EJn1
Alphabet Close to Overtaking Apple as Most Valuable Company nyti.ms/1K1symW. Covered this back on the 12th: bespokepremium.com/think-big-blog…
By 2050, our oceans will hold more plastic than fish pic.twitter.com/Ccqsg5tS9r
@Stock_Trend_Chg Stops were sell stops on the long position I had in the ES contract
Talk about reveling in the snow. twitter.com/NationalZoo/st…
1 rate hike and the world goes to hell twitter.com/NorthmanTrader…
Coming into today, only 12% of NYSE were above their 200-day moving avg. Since ’93, lowest outside of ’08/’09 & ’11 pic.twitter.com/GseTUWXdWJ
Average S&P 1500 Energy stock is up 22% from its low on Wednesday: bespokepremium.com pic.twitter.com/EMDHkif9cb
S&P published its operating earnings estimates for S&P 500 for 2017, & it’s an eye opener. They are higher than their lofty 2016 estimates.
I CONCUR with all that Mike Burk had to say Astute guy who is often correct
7 Conclusion New low disappearing act we have been waiting for occurred last week. Rally began Thu or Fri should continue for several weeks
5 There were 908 new lows on NASDAQ last Wed and 60 on Friday, a 93% decline in 2 days Wonderful example of how new lows disappear at bottom
4 The positives There were 1395 new lows on the NYSE last Wednesday and 27 on Friday, a 98% decline in 2 days.
3 Those numbers are so high that a retest of last week’s lows is likely in the next several months. I CONCUR
2 The Negatives Last Wednesday there were 1395 new lows on the NYSE and 908 on the NASDAQ.
Mike Burk – 1 The good news is New lows disappeared last week. The decline we have been experiencing since late December is over. I CONCUR
@Stock_Trend_Chg Don’t recommend anyone catch falling knife like I did Wed, usually get killed, but I had the crazy itch to get back long
Selling stampedes last 17 – 25 sessions, with only 1.5 – 3 session pauses/rally attempts, before resuming the downside Today is day #16
@Stock_Trend_Chg I will bottom fish when I think the count is right
Real problem is the bank stocks, they remain listless and still in a downtrend. Is this going to spoil the rally??? pic.twitter.com/s9vaznCNdB
The YEN is leading the way again, its rally began on Wednesday pic.twitter.com/SsDDScDb7e
LONG TERM = NEUTRAL & THINKING SHORT TERM = BULL A rally is here – will it last – possibly – after a retest wp.me/p1DRwF-332
Eventually somebody is going to wake up and say the correction is OVER. Do I think that’s true??? It’s very possible !!!!!!
Why the DJIA is lagging twitter.com/bespokeinvest/…
Anybody notice that I went bullish last night, thinking a rally was very close. This shouldn’t be a one & done rally. I bought B4 last night
World is VERY positive today, only Singapore is negative on this list Japan up 7%, that a BIG jump pic.twitter.com/uQFu32LyDE
Notice that I changed the top level tweet
On a hunch, think should be watching for higher highs. Lower lows may be on tap for tonight? Probably a bad hunch, but it’s worth the watch
Close up view of descending line from prior tweet pic.twitter.com/jmWnE8Cg6v
Watching for a rally to crash thru the descending line pic.twitter.com/3QGbulJx1U
LONG TERM = BEAR Or short term with > loss tolerance SHORT TERM = NEUTRAL A rally may be close wp.me/p1DRwF-332
Daily ADX is at buy level when reversal takes place. Reversal should give a longer rally period than seen recently pic.twitter.com/cd3H7XgWM7
Fibonacci retracement levels beginning with March 2009 low pic.twitter.com/SJ7Fp5HWZp
Projection levels that approximately gave us the peak. Step count from a long term point of view pic.twitter.com/ke88N1Ldo9
Red-aurora-borealis. A big one. bit.ly/1NZlKpS via @nedthetoothpik#Auroraborealis pic.twitter.com/nk02BScHh3
Beauty Of Moravian Fields In The Czech Republic captured by Marcin Sobas bit.ly/1UezSfi #Green #StormHour pic.twitter.com/rTIYqCdToj
Doesn’t look good for continuation of today’s rally. A triple bottom rally . . . ??? Not particularly likely.
In a 5 step decline currently. Does that mean the rally is over? Hmmm, don’t know, but it seems we “could” rally Friday & Monday. But . . .
Got a root canal for the last few hours . . . oh what fun. Put stops in on my buy, but they didn’t come close to being executed.
LONG TERM = BEAR Or short term with > loss tolerance SHORT TERM = BEAR with rallies Double bottom rally on Thur wp.me/p1DRwF-332
Did you buy the double bottom today??? Good for a short term play, maybe longer than today, we’ll find out soon.
Double bottom in 1st chart & 2nd chart has rebound. Finishing a small 3 step down that if valid means more rally??? pic.twipic.twitter.com/JencWrld5c
If only we could have a double bottom here? I’d hop on this sucker to ride for awhile. We’ll see??? pic.twipic.twitter.com/0rN9vJ4RGv
DJIA purple lines – Fibonacci projected resistance levels gray lines – Fibonacci retracement levels, peak to bottom pic.twitter.com/9yKNJI9d0B
Deflation low rates go together CRB DROPS TO LOWEST LEVEL SINCE 1970S & IS DEFLATIONARY TREASURY ETF BREAKS TO UPSIDE, YIELD FALLS BELOW 2%
LONG TERM = BEAR Or short term with > loss tolerance SHORT TERM = BEAR rally is possible for few days, Thu tells wp.me/p1DRwF-332
The recent decline since Dec 29th has the correct count for a rally at this point. More on the longer term count pic.twitter.com/ENOvpCiaqM
We did get a CLIMACTIC reading today in the new lows pic.twitter.com/xbXy9M2a79
ALMOST had a renewed Dow Theory Signal today. Down another 100 points at the close and would have had a new signal pic.twitter.com/JDw5RBsSDi
World markets are up tonight, those with a red clock on far right aren’t open & they show the negative readings pic.twitter.com/Gg7TNdk3sD
ES, YM & NQ having problems surpassing the high made just before the close today. Gotta watch & see what develops pic.twipic.twipic.twitter.com/w4rIq8fmxP
The YEN reversed today, at least for awhile pic.twitter.com/wvxVd9P18e
Is the DJIA trying to say it has a double bottom in place??? Volume and price will answer that question soon enough pic.twitter.com/GSifDDVwz2
@focus1234567 . . . pay the price
Maybe with a new Dow Theory Signal, we could generate a waterfall decline??? And finish this sucker off temporarily ???
If DJIA has a closing low below the Aug low, that becomes a NEW DOW THEORY SIGNAL Lotsa people will jump on sell bandwagon for a couple days
Not going to be a 90% down day today. Trying to hard to not make a new closing low
Rally going on before the close, we’ll see if it can last until the close??? pic.twipic.twipic.twitter.com/pJ0b402MvI
SPX crawling down lower edge of 60 min envelope SPX penetrating daily envelope, max of 3 days well below envelope pic.twipic.twitter.com/aaXgzdWoB8
@focus1234567 I could tolerate that, plus a 12% dividend
@focus1234567 If you can get 12% with no thought involved and the defaults are finished, it’s a no brainer
@focus123456 Wife saw my new computerized method of trading & she said “get that working right away, so you can make money while you sleep”
@focus1234567 Are we having fun yet??? Today I’ll leave early and go see Star Wars in iMax and 3D, dinner after the movie
@focus1234567 You wrote that and I was in the process of putting up a JNK chart
Junk bonds (JNK), wonder what the yield will be on the bottom, it was about 12% in 2009, presently over 6% pic.twitter.com/WWR4kUT3hY
This tells you why the big banks are in trouble – World faces wave of epic debt defaults, fears central bank veteran telegraph.co.uk/finance/financ…
Some intra-day support at the prior Aug intra-day low pic.twitter.com/yXUii5dy2P
Need some weed to calm your ass down, problem is you wouldn’t care what happens, tomorrow you realize you’re broke twitter.com/ukarlewitz/sta…
Today is over 90% down, maybe could finish today with a waterfall??? Waterfall isn’t over until the volume reversal pic.twitter.com/V4lGeTe8hI
Google searches for bear market tied for highest monthly total since Mar09, and still 11 days left in the month. pic.twitter.com/qtmu7JbqfY
Tell me the banks are involved in this somewhere!!! Bank sector is down -24.7% since July peak pic.twitter.com/oJtVlszUuB
Like a continuous panic twitter.com/sentimentrader…
Sitting right at the Ebola lows right now on the S&P 500 (~1820). Big level on long-term charts.
DJIA intra-day low was 15,374 SPX intra-day low was 1814 We’re there on SPX and almost there on DJIA
When we make new closing lows (today), lotsa fear should be generated and that’s where/when the waterfalls begin their genesis
Today should be the day that we punch through the Aug closing low of SPX 1867.61 Ditto DJIA of Aug closing low of 15,666.44
From secondary peak on Nov 3, market has fallen -13.6% Since Jan 1, market has fallen -10.8% pic.twitter.com/bMGabrSPv5
Difference between waterfall & today (-3%)? Waterfall – so scared you’ll pee your pants. Capitulation on big volume. Lotsa noise for ending
Market doesn’t look like it’s going to end with whimper, bang seems more likely with damage done on a daily basis. Expect waterfall ending
From peak in May to present in SPX, the decline has been 14.1% Remember whimper, or a bang at the ending pic.twitter.com/ExK7X3eNq0
International indexes, big players listed here except Mexico & Belgium. You’ll have to figure why those 2 are listed pic.twitter.com/1PfBCbgk0v
No support from the 2013 and 2014 lows pic.twitter.com/IJkjk3ySiC
Banks below Aug/Sep lows and are as weak as the small caps. WHY??? Is another accident waiting to be uncovered? pic.twitter.com/hKDFaIumE3
Bernie Sanders wants to re-instate the Glass-Steagall Act. Repealed under Clinton, knew there would be trouble, came quicker than I imagined
Glass–Steagall Act limits bank securities, activities, and affiliations within commercial banks & securities firms. Repealed under Clinton
Stocks above their 20 day MA seems to be moving sideways at the moment pic.twitter.com/5iO0LyoRDE
Oversold and staying oversold, just the opposite behavior of a true bull market pic.twitter.com/eVBxpML9zM
Pretty sure that if Sarah Palin and Donald Trump speak on the same stage, a black hole of dumb will open up and thankfully kill us all.
Over the last 20 years, the correlation between oil & SPX, while positive, is only 25%
Recent correlation between oil & the S&P 500 SPX “unbelievably high” at 91.39% Over a 5 year period, the correlation was a negative 72%
I was also a systems analyst. I came up w/ so many ideas that put a lot of people out of work. Hated it & quit pic.twitter.com/2F9pdfFmet
Davos 2016 and no one has any economic worries. Hmmmmm, guess no one has been watching their local stock market. pic.twitter.com/SzlNkwziQH
Selling stampedes last 17 – 25 sessions, with only 1.5 – 3 session pauses/rally attempts, before resuming the downside Today is day #13
Freeman-Shor Investment ideas of some of greatest investors on the planet today are wrong most of the time & yet they still make lotsa money
More Legend Warns Global Stock Market Rout To End In Full-Blown Panic!
Don’t know if anything horrible is going to happen, but these guys come out both ways. Remember Dow 36,000? Coming up a book “Dow 500” soon
Another one Keynote Speaker Who Recently Addressed The Federal Reserve, IMF And World Bank Warns Global Chaos To Intensify
Egon von Greyerz, Founder of Matterhorn Asset Management – The Worst Crisis The World Has Ever Experienced Dow 500 for the Doom & Gloomers
Just about all of the world is on the upside today. That’s nice change of pace. pic.twitter.com/k0Xg5A5bAD
A chart from Chip Anderson of StockCharts with some price support points. Head & Shoulders projections are deeper $ pic.twitter.com/rxcQ5QqIzg
I was thinking about the possibility of stopping near the Oct peak in 2012, which is around 1500. That’s a decline of 29%, lotsa bears then
3 POSSIBLE HEAD AND SHOULDERS TOP potential downside target from a H&S top, would yield potential target to 1600 pic.twitter.com/NqufTv4YZ3
2 THE S&P 500 COULD LOSE ANOTHER 10-12% AND DROP TOWARD 1600 NYSE ADVANCE DECLINE LINE TURNS DOWN INDEX OF FOREIGN STOCKS IS IN BEAR MARKET
John Murphy 1 — U.S. STOCK INDEXES THREATEN 2015 LOWS — WHAT HAPPENS IF THEY DON’T HOLD
REPOST FROM 9/5/15 LONG TERM = SELL RALLIES & ANY RALLY APPROACHING OLD HIGHS SHORT TERM = BOTTOM #1, RETEST LIKELY, BEAR MARKET COMING
@focus1234567 I have a free copy of their software. I haven’t used it for some time. It could be quite useful for predicting a bottom date
End of Mike Burk comments
Conclusion Market remains in free fall New lows are only measure that matters & they will quickly disappear when this weakness ends
4 The positives It will be easy to identify when this period of weakness is over. New lows will quickly disappear.
3 At 2.3% NY HL Ratio is about as low as it can go OTC HL Ratio is also about as low as it can go
NY NL is at its lowest level since March 2009 & moving down OTC NL looks a little worse than NY NL & is also at its lowest level since 2009
Mike Burk 1 Good news Declines last week were only about 1/3 of what they were the week before. Negatives New lows are at dangerous levels
A similarly rare “profit recession” occurred in the mid-1980s on the back of dollar strength + collapsing oil prices pic.twitter.com/BryOD1L7eZ
Jobs line is only slightly below the red line pic.twitter.com/V7jdX8RF04
Weakest Empire Manufacturing report since April 2009. Sixth straight negative reading.
The Bloomberg Commodity Index hit a new all-time low today. Inception: January 1991. $BCOM pic.twitter.com/PB6klRcsE2
% Below All-Time High Nat Gas: 86% Crude: 80% Silver: 72% Sugar: 67% Coffee: 66% Copper: 58% Lumber: 48% Gold: 43% pic.twitter.com/IThrAOMfh9
That’s a 90% down day. Could we crash from here??? I never know the answer to that one in advance
Bear markets, or big corrections end with a bang or a whimper. In 1987, we had both, crash on Mon & market literally stopped trading on Tue
Just 39 stocks in the Russell 2,000 in the green today. $IWM
Glad that US markets are closed Monday. It will give everyone a chance to rationally think things over, before the limit-down on Tuesday.
Avg secular bear mkt in #commodities is 53.7% & 22.6 yrs. This one is 66.3% & 7.5 yrs. Has the damage been done? pic.twitter.com/JNjXdXwhR3
Closing around the world wasn’t a good day. Russia led from wire to wire on the downside pic.twitter.com/6WjbtY7cmV
Selling stampede, back in 2008, I saw one stampede that lasted over 30 days, very unusual. Just like 2008 was very unusual
I let Jeff Saut track the day number in the selling stampede. Today was day number 11. They usually end somewhere from 17 to 25 days.
Wonder if we’ll see capitulation when we get another Dow Theory signal? Seems logical to me, or it could crash on new signal . . . HORRORS!
Didn’t have lower closing low today in SP500 & DJIA, but Russell 1000, Wilshire 5000 & Value Line had closing lows pic.twipic.twitter.com/BnHMQkz7e6
I still have hope that we could be in a significant correction & not a TRUE bear market. True bear market calls for lows near or below 2009
If I hadn’t been so conservative I’d called the peak within 1%, but a mistake in 2006 made me very cautious PUBLICLY pic.twitter.com/T5X3z7XrMw
Betcha no one believed me when I said step 3 from 2009 was over & bear should begin. pic.twitter.com/Dx5uxLp2qz
Everything went straight to hell. Russia down 8%. Putin has no money to fund his military ambitions. Deja Vu USSR pic.twitter.com/NxO2SOn77p
Damn deflation is what worries me . . . Until proven otherwise.
Sudden and dramatic rebound from these levels on higher volume would confirm a double bottom. pic.twitter.com/J4PLq7x9nq
Closing SIGNIFICANTLY below Aug/Sep lows will confirm we are in step 2 down in the BEAR market. pic.twitter.com/d8bQYiqgVn
If we close around here in the SP500, it will be a closing low below the Aug/Sep lows. Bear population should swell pic.twitter.com/WwAxdNGlIU
Could be an interesting opening today??? I’m up early today because I’m trying to make riverfront reservations for Yosemite in the spring.
Market got a kinda 3rd step up, only after making a new low & then rallying higher. Now it’s trying to make new lows pic.twitter.com/a6OWz7Wz7o
International reaction has been bigger than it should have, given that China’s equity markets are not very related to international markets
China faces a historic debt unwinding in a decelerating economy Capital flowing out of China, speculators are betting heavily against yuan
Got 2 steps up, shall we try for 3? If the oversold is dealt with properly, we should get around 3 (or more) days up pic.twitter.com/riE8gj92jO
“If you think deflation has been solely confined to commodity prices, think again.” bespokepremium.com/chart-of-the-d… $IWM pic.twitter.com/4yYM6kAh7D
NEW POST: 3 Charts Every Investor Must See stks.co/e38Gnpic.twitter.com/DJhVHztSSH
This is the saddest lottery fact. twitter.com/sarahkliff/sta…
Average decline from 52-week high for S&P 500 stocks currently stands at 24%. $SPY
stats like this one make me cringe so, so much, via @ritholtz wpo.st/sVd31pic.twitter.com/uzktcolhN7
:LOL The Good News on Global Warming: We’ve Delayed the Next Ice Age bloom.bg/1W80Gz3 via @business
High Yield Energy spreads hit all-time wides today at 1547 bps. This is good, finally pricing in high default rate. pic.twitter.com/9V1YSTvBop
All of the charts displayed tonight and more can be found on my public StockCharts list stockcharts.com/public/1169350…
Wouldn’t that be a kick in the teeth, wishing for lower gas prices, then getting lower gas prices, only to find out it’s ruined the economy
Commodities have been in a price spiral for several years & oil may have really stoked a faster decline pic.twitter.com/nzSOtaITOm
Sure hope DEFLATION isn’t driving market lower. Deflation strikes fear in the heart of anyone that understands it pic.twitter.com/ipcRxAncIW
Earnings for the 4th quarter are not expected to make good reading and should be another decline in the GAAP earnings chart
Penetration of long term channel in the Value Line Indexes pic.twitter.com/Tk0f6PdEmI
Recent years Nikkei has followed the Yen’s rise and fall. Yen is falling now and so is the Nikkei pic.twitter.com/jhqQhPt0ko
??????? Things like this are just weird . . . Unless they come true . . . Then it’s how did that happen??????? pic.twitter.com/WEi4x5eOU4
Staple are out performing discretionary spending, someone thinks the future isn’t bright for new TVs, cameras, etc pic.twitter.com/rfwAu00R3E
Rising discretionary spending happens in good times, staples are defensive & include things we can’t avoid buying pic.twitter.com/AXbvtbTOb6
I still have to live in the box in the alley cuz I didn’t win a billion dollars, no triple wide for me, I’m gonna cry and go on freezing
Sentiment, expressed by where people put their money. Higher than Aug/Sep lows, probably expect old lows to hold pic.twitter.com/ZcqIv6ddY0
China and Japan are down hard tonight. pic.twitter.com/Cia9yL7e8E
Looks like a 90% down day today. That’s USUALLY followed by a few up days before resuming the decline, BUT . . . pic.twitter.com/nrHN3ER2VC
TRIN has not had an extreme reading indicating a possible reversal point pic.twitter.com/b0Df9NEpek
ADX & VORTEX are at buy levels but the signal is NOT VALID until the next reversal pic.twitter.com/dYaIb32lMd
PUT CALL ratio is at an extreme buy reading, but since this stuff is RELATIVE, how trustworthy is it? pic.twitter.com/eGzI4Qamvb
SP500 broken thru lower edge of envelope, usually resolves timely & bounces, with a waterfall possible &/or likely pic.twitter.com/gTfT5OEyjO
Market completely ignores the fact that it’s oversold, sound familiar? That’s the exact opposite of what happens during a bull market.
The Wilshire 5000 large cap index has taken out its Aug & Sep low, more ominous indications for the present pic.twitter.com/tVF6BjAHyo
I’m gonna win a billion dollars tonight. That means I can move out of my box in the alley and get a triple wide! YAHOO. No riff raff 4 me!
We got 3 steps & BOOM, bottom dropped out. Appears to be 1 of the selling stampedes Jeff Saut says last 17-25 days pic.twitter.com/W6gML8WWwP
@wekim77 See PAGE 4 CHART 1 – – LONG TERM DOW JONES INDUSTRIALS
@wekim77 3rd step CAN be breakout step & have entire large 3 step rally within itself. 1982-2000 was a good example of a huge 3rd step
@Stock_Trend_Chg u find 3rd step usually largest generally?
A better Fibonacci fan radial than was posted in prior tweet, NASDAQ futures chart pic.twitter.com/3oPX8ay0tq
2nd step up, been getting truncated 3rd steps for some time, need to watch to see if get a full 3rd step this time pic.twitter.com/FriWGy3KNd
Look at Fibonacci retracement level of 38.2%, It’s the 2007 peak. Interesting coincidence, or likely termination??? pic.twitter.com/XZuSw9KitS
Long term Fibonacci radial from 2011 low pic.twitter.com/3Lr8FLP0Cz
JPM We believe the regime has transitioned to one of selling any rally
JPM That the risk-reward for equities has worsened. In contrast to the past 7 years, when we advocated using dips as buying opportunities
JP Morgan Chase has turned its back on stocks: For the first time in 7 years, investment bank urging investors to sell stocks on any bounce
Turnaround Tuesday????
Just came in from outside and thought this looked interesting pic.twipic.twipic.twipic.twitter.com/y5gdxtTnBN
Buying a RV is a poor investment. You might as well drive down the highway throwing hundred dollar bills out the window. Yup, but it’s fun
OK, that’s it, I’m definitely going to go play in the motorhome.
@FollowBSE Thanks BSEIndia, but I have enough problems following US stock market, I would be throughly confused following another country
LONG TERM = BEAR Or short term with > loss tolerance SHORT TERM = BEAR but rally is likely – WHEN??? wp.me/p1DRwF-332
I think I’ll go play in the motorhome today. There’s always something that needs tweaking on it.
When panic is over, probably will be a good time to speculate on a volatile bounce twitter.com/NDR_Research/s…
Long term pitchfork with multiple rebounds from lower edge of pitchfork. We’ll see what happens on next eccounter pic.twitter.com/sI6gbC3o0V
Almost everything is down worldwide. Worldwide decline has been the norm since the decline began, Russia down most pic.twitter.com/s9kpZsyM2y
Updated dotted line chart, could be in a 3rd step up ??? pic.twitter.com/KDCmwYHLm1
Shanghai has made a low below its Aug and Sep lows. Next low to watch is Jan 2015 low. pic.twitter.com/eNpBa5PkTv
Drawing close to a dotted line penetration and maybe a higher high??? We’ll see pic.twitter.com/LDRG8JV9o4
S&P 500 is expected to post an earnings decline of 5.3% for the 4th quarter pic.twitter.com/vantNdWBL7
S&P500 is expected to post an earnings decline of 5.3% 3rd consecutive quarter for decline in earnings, first 3-quarter decline since 2009
Index percentage above their 20 day MA Sm cap 6% Mid cap 8% SPX 8.4% DJIA 3.3% NASDAQ 15.4% pic.twitter.com/xtveRc0Z4b
Mike Burk Conclusion The market is in free fall. There could be a spectacular bounce at any time, but, there has been no sign of a bottom.
Mike Burk The positives By the time this is over all of the weak hands will have been shaken out Nothing suggests we have reached that point
The negatives The major indices were down 6% – 8% last week. There is not much more I can say.
Mike Burk The good news is: At the rate of decline for the year so far, the end must be near.
John Murphy DOW TRANSPORTS ENTER BEAR MARKET TERRITORY DEFENSIVE UTILITES SHOW RELATIVE STRENGTH STOCKS ARE IN RISKIEST POSITION IN 7 YEARS
John Murphy MAJOR STOCK INDEXES ENTER CORRECTION TERRITORY RETEST OF 2015 LOWS LIKELY SMALL AND MID STOCKS HAVE ALREADY BROKEN THAT SUPPORT
Tom McClellan has a video on his website, you should take a look at what he has to say, good knowledgeable guy mcoscillator.com
Banks broke Oct low. Don’t like bank weakness as it brings back memories of 2008. But that was then, this is now pic.twitter.com/OdvSBl980l
Jeff Saut continues to resist this market decline (surprisingly). If we get another Dow Theory signal, I’m sure he’ll be all in on bear side
Parameters or indicators that worked successfully during a bull market don’t work right during a bear market.
Oscillators are all oversold, but were lower on August lows pic.twitter.com/p0ALtnWGZy
SPX did touch the bottom edge of its envelope today pic.twitter.com/T6CXBqgvJM
I know EXACTLY what’s causing the decline in the market and I’ll reveal it in my tweets right here in about . . . 2 months
Cracked right though that support box. Now we got problems, cuz next stops are the Aug & Sep low or lower??? pic.twitter.com/65BPdINTUX
Time to go play outside with the other kids
Closing out the week on the lows of the day and week. Monday could be interesting, in a bad sorta way.
@focus1234567 Thnks for pointing it out. I never watch TV cuz it confuses me and makes me think with the crowd. I always like to hear Tom Mc
We should watch RUT for a bounce soon at the 1040 level. It bounced in Oct 2013 & 2014 at 1040, a bounce now too??? pic.twitter.com/YLt4HKSKe2
To me, bear & correction is all about market structure, if long term trend is still intact, then its a correction, if not, its a bear market
Most people would freak out at not calling a 39% decline a bear market, yup, but Edson Gould taught the difference between correction & bear
downside projection of 785 (39%) decline fits lesser of my downside projections, a correction NOT a true bear market pic.twitter.com/ksw0nViu1y
Is RUT forming a LARGE head & shoulders formation, downside projection of 785 or 39% decline pic.twitter.com/NL4O0WgUTF
@focus1234567 good observation and that brings up possibility of a massive head and shoulders formation, posting chart now
Value Line traded below its Aug & Sep lows indicating a larger step 2 down, waiting for confirmation from large caps pic.twitter.com/fu5yY8NL2H
Have you noticed how poorly RUT has been performing, it is below its Aug & Sep lows, leading way into larger step 2 pic.twitter.com/CFwwcInMQC
Speculator/traders don’t want to hold stocks long over the weekend. Lots of fear of what might happen, some of the fear may be justified???
Daily envelopes have been touched or penetrated by smaller caps, but the large caps haven’t touched envelopes yet pic.twipic.twipic.twipic.twitter.com/b4zaF96spv
The daily ADX hasn’t hit buy zone perfectly, but it may be close enough, we’ll see The green line needs to go deeper pic.twitter.com/k86ZUXY4af
60 minute ADX gave a buy signal recently but it hasn’t proved to be valid . . . yet pic.twitter.com/fSR1p1Z33h
Another SPX long term projected price peak based on Fibonacci measurements pic.twitter.com/VSxoNa4LO6
Long term projected peak from inverted head & shoulders and Fibonacci measurement pic.twitter.com/XafmM7JvQK
SPX Fibonacci measurement based on 2009 bottom pic.twitter.com/ISMMNjDXeA
Long term Fibonacci measurement and Fibonacci radial, both are/were valid pic.twitter.com/wHPCMVMzot
SPX Fibonacci radial based on August bottom. Looks kinda good . . . so far pic.twitter.com/VyWNg6zswv
Russell 2000 in a long term upward wedge & short term with current wave counts If valid, counts appear very clear pic.twipic.twitter.com/84h8eAQvra
Shorter and longer dotted lines for trade action. I like the shorter one for smaller losses on any whipsaws. pic.twipic.twitter.com/2B3D5ozpY3
Climax indexes are close to the readings for the August bottom (red bars) pic.twitter.com/e0wO6GEn0i
Put Call ratio has moved to the lower edge of buy territory pic.twitter.com/1T8E2g5nRd
@anupdas77 My wave count method seems hard for some people (don’t know why), but you gotta visualize channels easily to count effectively
@anupdas77 Everything in my blog, except T-Theory unless you want to spend the time to do it well.
@anupdas77 Here is the link to my FB picture …arketobservations.files.wordpress.com/2016/01/bob-fb…
@anupdas77 I share knowledge on blog, which has most of what’s necessary to re-create methods. The blog is quite extensive with lots content
When we penetrate the pitchfork in this chart, more action could take place pic.twitter.com/pb1FX3kEU4
This is the wave count chart that turned me into a bear, count begins on March 2009 pic.twitter.com/0KWc3pNKMb
@anupdas77 Learned quickly that becoming a millionaire in the stock market wasn’t easy. Effective learning began with Edson Gould in 1970s
@anupdas77 First stock I bought was Ampex, bought at 44 & sold at 120 less than a year. Figured I could be millionaire doing this for living
@anupdas77 I started in the market when I was 16 years old in the 1950s. Became a wave counter after I learned Edson Gould’s methods.
The reason for my error in May 2006 was not being sure where the real bear market bottom occurred Was it Oct 2002 or March 2003???
I was leery of calling a bear market on this cycle because I made an error by an early call in May 2006, I revised that call quickly
@anupdas77 Wave counting gives you perspective as to where you are located in the cycle. Perspective is priceless
@anupdas77 I’m not a fan of quick trades except during last phase of bull market & during a bear market. See my bio quote to see my thoughts
@anupdas77 I haven’t used Best Bond Strategy in some time, but it is VERY effective & easy to learn & use. I always used bond ETFs
@anupdas77 You should see my Facebook picture, now that’s a hoot
@anupdas77 Wave counting is the backbone of my trading analysis
I became openly bearish sometime after we got Dow Theory sell signal in August 2015. I was reasonably sure that bad voodoo days were coming
5 Sep 2015 LONG TERM = SELL RALLIES & ANY RALLY APPROACHING OLD HIGHS SHORT TERM = BOTTOM #1, RETEST LIKELY, BEAR MARKET COMING
7/27/15 Have to wait to determine if we are in a bear market. Until then (channel break, Dow Theory), assume a neutral to bearish posture.
@anupdas77 see blog link stock-market-observations.com/category/3-rea…
@anupdas77 T-Theory is not easy to master quickly, Terry’s best bond strategy is easy, effective method of constant profits, bull or bear
@anupdas77 I like goofy stuff like I live in a box in the alley, that’s typical Bob humor, date I wasn’t born is famous battle date in WWII
LONG TERM = BEAR Or short term with > loss tolerance SHORT TERM = BEAR but rally is likely wp.me/p1DRwF-332
We are probably going to have a decent rally before long. At least I hope so. SP500 is up 20 points since the close today.
Not many people short stocks (or contracts) during a bear market, therefore they should sell & go to cash until the dark clouds clear.
@anupdas77 I have a LOT of T-Theory stuff at my blog address. I don’t really use the blog anymore, but I will transfer all tweets to blog
@anupdas77 I don’t use T-Theory although I did place some money with Terry when he was alive & well. Lots of people miss Terry including me
@anupdas77 I don’t like to day trade but sometimes, that’s necessary during volatile times. Line I use is secret, gotta kill you if revealed
@anupdas77 I’m basically a wave counter and combine that with a different type of line average, not sma, ema, or other normal types of lines
It’s been a stressful week & I’m going to go play. Stressful not that I’m long anything, but it begins to wear at you predicting the future
Lots of trading activity using a shorter time period requiring too much attention, or a computerized trading program pic.twitter.com/1qe9YYBhmX
To avoid whipsaws lasting long enough to create an unreasonable loss, use shorter length time period, like this one pic.twitter.com/yKBcGflEfw
Two projection made on earlier data, one is on target for today, the other has further to go to be valid pic.twipic.twitter.com/VzjhCW6iyo
Regarding the envelopes, it is normal to exceed envelope edge on a panic decline and then retest the envelope at a later date
Prices are also nearing the edge of the daily envelopes. The Russell 2000 is already at the edge pic.twipic.twipic.twipic.twitter.com/FDJaVoutX4
At the edge of the 60 minute envelope, Russell 2000 is below the envelope, reversals take place at envelope’s edge pic.twipic.twipic.twipic.twitter.com/r1hJ5dnOmc
Comparing Yen to SPX since the May 2015 peak. Yen is definitely in 3rd step of larger 3rd step down since May 2015 pic.twipic.twitter.com/IDqHjtmZKq
Maybe there is hope for an inflection point pic.twitter.com/htA1H8GXzo
Kaput the rally, this thing is probably heading towards a waterfall decline that will clean out the sell orders pic.twitter.com/WZjNfVF5J2
After the May 2015 peak, I waited for verification of the coming decline that marked the end of large step 3 up since 2009
Anyone following knew I was waiting for end of last rally beginning after Oct 2014 decline because I knew it marked end of step 3 since 2009
I’m not posting the doomsday tweets because we’ve had a few bad days, these are retweeted ideas that I have posted way back in the past
If we are in some horrible bear market lasting several years (or longer), we would likely go lower than 2009 lows. pic.twitter.com/pXYvScLVej
If a correction of 30%, we could have LARGE steps 4 & 5 up (since 2009). Means much higher highs are ahead (years) pic.twitter.com/6PGnIErCG1
Long term wave count that began in 2009 Still hoping for a 30% correction instead of a true bear market. pic.twitter.com/zC9hPKYXw8
Wave count indicates we ended bull market that began in 2009. 2 scenarios, a correction of about 30% OR a decline that ends below 2009 lows
If large step 2 down from May 2015 occurs, it will confirm that we are in a bear market & not just a correction pic.twitter.com/s1ErYCw0ay
Must avoid ending this step above the Aug low otherwise we will have created large step 2 down beginning in May 2015 pic.twitter.com/JkSdMxuCwA
If we rally for a day or so, that would probably mark the end of 2nd step in larger step 3 down, which began in Nov pic.twitter.com/iDixRo6vXg
I believe that we are in 3rd step down, but that doesn’t mean the market won’t subdivide and have 5 steps down. pic.twitter.com/B44uL9AOf1
The market has stopped (for the moment) at the bottom edge of the yellow zone I posted yesterday. pic.twitter.com/b5mpGeSNaR
But a zag should be not too far away from a TIME stand point, but POINTS wise, we could have a waterfall decline before the end
First we’ve been in a long term bear market since May 2015 The market makes short term zig zags & the pain might not end for over a year
All that everyone wants to know is WHEN does the pain stops???
AAII Bullish Sentiment all the way down to 22% this week.
Feels worse, but just your average correction thus far. A 7.7% decline over the past 64 days. $SPX pic.twitter.com/jpOQLIeHB7
MORE: China announces it is suspending the circuit breaker that halted the market twice this week. cnb.cx/1Uzb5m9
FOR SALE: Circuit-Breaker. Nearly new. Only used twice. No reasonable offer refused Call: +86-010-66194114 pic.twitter.com/1AIkH1Wz2K
At 4:11 AM EST DJIA is down over 400 points & SP 500 is down 50 points. Capitulation coming or another 1987 crash??? We’ll see.
14 minutes. That was the length of actual trading in China today. 1st circuit breaker after 13 mins, 2nd trigger 1 min after resuming
Tonight the DJIA is down almost 300 points. That makes for a dark open in the morning I wonder if this will end with a waterfall decline
Some of the Treasury buying is from the demand for safety. Investors are “hesitant” to hold riskier assets.
U.S. yields are now below those when the Fed raised its benchmark interest rate
Another Fibonacci radial as market is plunging faster pic.twitter.com/7pombav8SE
@anupdas77 Lots of people liked that, including me.
If China’s economy/stock market is spinning out of control, does it have ability to crater everyone??? How does that happen, banks again???
What’s fundamental reason behind decline. I see lots of reasons, but not THE reason. Does China’s economy/stock market really influence USA?
Next area of support in yellow, after that there’s not much left before the Aug & Sep bottoms pic.twitter.com/Iw9NRhLQkP
If penetrates Aug low, creates 2nd step down since May peak. Avoiding 2nd step down makes it possible for new highs pic.twitter.com/HiTKdrZdIY
Fibonacci radial since early November peak. I’m watching the radial that runs through 1970 tomorrow. pic.twitter.com/e1F84XMz8u
Fibonacci radial for ES futures on the most recent decline. pic.twitter.com/oLe2eq1cdI
I had mentioned earlier that I expected strength in the NASDAQ as we approached an inflection point. We’ll see if that holds true this time
SP500, DJIA, & NASDAQ Composite charts – the NASDAQ Comp is showing strength while the other 2 are hitting new lows. pic.twipic.twipic.twitter.com/yYywF8LGds
China opted to guide the yuan sharply lower, deepening concerns about economy & potential for competitive devaluations by other countries.
China Halts Stock Trading After 7% Rout Triggers Circuit Breaker. Last time that happened, triggered more sell orders when trading resumed
China is down about 6% tonight, which means another bad today tomorrow Market is down below the dotted line pic.twipic.twitter.com/kLq93uH7uN
Without an updated chart, extrapolate the dot’s used in buy/sell charts using dot’s trend and current prices pic.twitter.com/Mdk4LJgd4Q
LONG TERM = BEAR Or short term with > loss tolerance SHORT TERM = BEAR Chart’s red/green dots for buy/sell trades wp.me/p1DRwF-332
Line’s been penetrated to upside, doesn’t appear to be a whipsaw. 2 charts, both the same, 15 min & 5 min bars pic.twipic.twitter.com/Oj9BnLMR7F
Possible short term reversal coming around here due to wave count pic.twitter.com/TtZ4EnDRhH
whipsaw rules 1. need at least 2 time intervals crossing line moving opposite to present position 2. move above/below line must be > 3 point
After a small whipsaw, market still trends down, pic.twitter.com/dIrzu2Cp0z
Another whipsaw or a reversal??? Action is called for soon. pic.twitter.com/qRfKViurrh
Consumer staples are showing more strength than consumer discretionary. Shows defensive nature of the market pic.twitter.com/mdEq7wMK7I
Same view as prior tweet, but showing all trading fluctuations during the time intervals pic.twitter.com/XDgpCQ6BYh
Closer view of trading method, dots signify trading or action points pic.twitter.com/bDYuvt9ltS
LONG TERM = BEAR Or short term with > loss tolerance SHORT TERM = BEAR wp.me/p1DRwF-332
That’s why this method needs computerized trading with just a few built-in rules. I gotta get to work on this pic.twitter.com/otkPnCIbYp
Trading method & monitoring it 24 hrs per day would yield the following chart with 104 pts profit in 8 trading days pic.twitter.com/QWVajFvPVb
No double bottom last night. Decline began 12/29 & looks to be in step 2 Fear that we will penetrate Aug low & have a FULL Dow Theory Signal
Perhaps US could have a capitulation opening in early Wed trading. Something to watch for, but not likely if rest of world is collapsing
All world markets are in the red tonight, not good omen for US trading on Wednesday
ES futures ripped through Monday’s prior low. If continues BAD opening scheduled in 3.5 hours. Futures are now down 35 points. Rally needed!
Edson Gould said a bear market is a series of accidents Multiple accidents underway, China, deflation, Iran-Saudi Arabia, N Korea, FED, etc
N Korea should be a blip on the market’s news screen . . . But will that happen?
It’s terrible that the people of N Korea suffer, while a megalomaniac rules.
N Korea’s technical capabilities fall FAR short of S Korea. It’s doubtful N Korea will ever have an accurate delivery system
The bomb’s yield is comparable to the atomic bomb dropped on Hiroshima — it fell well short of the destructive power of a hydrogen bomb
In N Korea’s case, Japan could say their atomic weapon is defensive, as per their constitution.
When does Japan begin development of atomic weapons? They worry about whether the US would retaliate in kind against N Korea.
One crappy H-Bomb can ruin your whole day.
N Korea has tested a “miniaturized” h-bomb, N Korea A-Bombs were crude & low yield. If H-Bomb successful, likely barely qualifies as H Bomb
Rally in ES futures above 2016 gives a higher high. Buy position now, stop loss below prior low, good speculation pic.twitter.com/l3FLd9jy7C
It could be a double bottom, if that last little step down could reverse upward. Significant rally could be coming. pic.twitter.com/ZMCkF82tuW
LONG TERM = BEAR Or short term with > loss tolerance SHORT TERM = STOP LOSS TRIGGERED wp.me/p1DRwF-332
Weak upside day, but look at what the 52 week NYSE new highs did today, 6% new highs pic.twitter.com/YClwVKrho9
LONG TERM = BEAR Or short term with > loss tolerance SHORT TERM = HOLDING BUY POSITION WITH STOP LOSS IN PLACE wp.me/p1DRwF-332
I put a stop loss under the 3:58 PM EST low. That would give very short term lower lows.
If a reversal has taken place, I would expect the NASDAQ to come alive with more buying than the SPX pic.twitter.com/iJN3iIS8uO
Has 3 small steps up, must overcome that formation to have a chance for upside volatility pic.twitter.com/87ZZ0uQ6J2
Market has to make higher highs above 2014.50 for ES March before there will be fireworks, failure and decline again pic.twitter.com/NKvlR5DuTq
There we go, the ES acting the way I expected
I may be holding a long position, but I don’t like what I’m seeing at the moment. We’ll see how it develops.
LONG TERM = BEAR Or short term with > loss tolerance SHORT TERM = HOLDING BUY POSITION wp.me/p1DRwF-332
Interested to see what happens at the end of the current step down in NASDAQ. Chart up to date at 3:23 PM EST pic.twitter.com/oRvrYJUjTE
LONG TERM = BEAR Or short term with > loss tolerance SHORT TERM = IN OR NEAR THE BUY ZONE wp.me/p1DRwF-332
Indexes hit bottom of their envelope yesterday. That always signals a reversal of some type, extended or otherwise pic.twipic.twipic.twipic.twitter.com/0ZHYcSlLIb
Twitter is considering raising its famous 140-character limit on tweets to 10,000 characters, according to reports from various sources.
There are Bozos at Apple who are destroying the company that Steve Jobs built. streetinsider.com/dr/news.php?id…
The State Of Apple: 2015 Doji Candlestick Says It All seeitmarket.com/the-state-of-a… by @andrewnyquist $AAPL pic.twitter.com/NvH4ErW3Zh
Euro zone’s rate of inflation was unchanged in Dec at 0.2 percent year-on-year, below expectations for a 0.3 percent rise. Deflation threat
China supported its sinking stock market as state-controlled funds bought equities & signaled a selling ban on major investors
SIGNIFICANT rally here above Nov peak would signal 3rd step up since Aug low. This could possibly carry to new highs pic.twitter.com/V2NRAlxfmw
Have lower lows & lower highs since early Nov peak. SIGNIFICANT reversal would likely end 3rd step down since Nov pic.twitter.com/zxRiUTrV7I
SPX support at 1990 was the reversal point today. We may have finished decline with truncated 3rd step, we’ll see??? pic.twitter.com/xhzxXmIRDu
We didn’t violate the December closing low today, so there was no Q1 signal Lucien Hooper Q1 rule
@JustSignals Good examples as we all remember how those failures worked the following year
That’s a signal, if today is a 90% down day, we could have several days of rally pic.twitter.com/xQ9jWufmVl
How the stock market works, from Jeff Saut’s column pic.twitter.com/m0dHIRYIMz
We’re going to violate the Dec closing low today – so watch out is the rule
Dec low, would be the lowest closing price for DJ Ind during month of Dec. If that low is violated during 1st quarter of New Year, watch out
“If Santa fails to call the bears will roam on Broad and Wall” – Lucien Hooper And Santa didn’t show up
Esquire has Trump on the cover, but the title is kinda far out. pic.twitter.com/tpIxSTpL1s
At the end of step 2 down, would expect a larger rally before 3rd step down takes place. pic.twitter.com/4MICk0z00p
Indicator on monthly basis. Trades executed on color change. Keeps you on the right side of long term market changes pic.twitter.com/0ygvknhLcW
No signal yet and possibly won’t get one except a possible whipsaw. pic.twipic.twitter.com/DVlywVhTQQ
When powerful seasonality is ignored, it means that forces are at work that will eventually make themselves visible. In this case a DECLINE
Seasonality for year ending in 5 had very long success rate (139 years). Santa rally was a failure this year. Seasonality was a bust in 2015
The world is on the downside today, only the VIX is in the green and that doesn’t count. Bad bad day pic.twitter.com/f7N6OcP33V
Trading a line like this requires iron clad rules & no emotion involved. That’s hard to do, but easy for a computer. pic.twitter.com/VCncBjURSK
The market is in a 3 step rally and we’re in 2nd step presently. A penetration of the dotted line is expected pic.twipic.twitter.com/fJlis3iAe2
A penetration is likely soon, it has already happened on the shorter time frames. Whipsaw or valid penetration??? pic.twitter.com/HYI5lte502
Lots of whipsaws on a non-trending market. This is always the bane of any line following prices. pic.twitter.com/fbbaGllHX0
@focus1234567 When possible I’ll post them. This is part of my automated trading program I’ll begin using when I’ve figured how to do it
Trade execution charts using 3 different time frames, shown here from left to right as shorter to longer times pic.twipic.twipic.twitter.com/PXBReVGt1H
I’m going to use this indicator for more precise timing of buy and sell positions. pic.twipic.twitter.com/GFvCwd4e5x
LONG TERM = BEAR Or short term with > loss tolerance SHORT TERM = SOLD THE LONG POSITION ON A STOP LOSS wp.me/p1DRwF-332
Saudi Arabia has severed ties with Iran over storming of Saudi embassy, in a worsening diplomatic crisis between the regional rivals
A couple of useful links that explain technical indicatorsstockcharts.com/school/doku.ph… traderslog.com/technical-indi…
Investors Intelligence Sentiment from Yardini pic.twitter.com/0921ryzqCA
Edson Gould said a bear market is a SERIES of accidents. In 2000, the market was overpriced In 2008, 1 accident, housing bond defaults
1976 – Network “Mad as hell and not going to take this anymore”youtube.com/watch?v=q_qgVn… Today – Mad as hell nbcnews.com/meet-the-press…
LONG TERM = BEAR Or short term with > loss tolerance SHORT TERM = FINGER ON THE TRIGGER RE: BUY POSITION wp.me/p1DRwF-332
If we have lower lows, I’m closing my short term long position.
Conclusion New highs have been getting weaker all year & new lows remained elevated in spite of positive holiday bias. (end of Mike Burk)
The best January for the DJIA 1976 (+14.4%), the worst 2009 (-8.8%). (more)
During the 4th year of the Presidential Cycle the DJIA has been up 52% of the time in January with no average gain or loss. (more)
Since 1885 the Dow Jones Industrial Average (DJIA) has been up 63% of the time in January with an average gain of 0.9%. (more)
The best ever January for the R2K 1985 (+13.1%) the worst 2009 (-11.2%) (more)
During the 4th year of the Presidential Cycle the R2K has been up 56% of the time in January with an average gain of 2.3%. (more)
Since 1979 the Russell 2000 (R2K) has been up 54% of the time in January with an average gain of 1.6%. (more)
The best ever January for the SPX was 1987 (+13.2%) the worst 2009 (-8.6%). (more)
During the 4th year of the Presidential Cycle the SPX has been up 55% of the time with an average gain of 0.3%. (more)
Since 1928 the SPX has been up 64% of the time in January with an average gain of 1.2%. (more)
The best ever January for the OTC was 1975 (+16.6%), the worst 2008 (-9.9%). (more)
The 4th year of the Presidential Cycle January has been up 69% of the time with an average gain of 2.2%. (more)
Since 1963, over all years, the OTC in January has been up 63% of the time in January with an average gain of 2.7%. (more)
The positives New lows have been a little elevated, but not alarming. New highs have been disappointing. (more)
The worst was the Russell 2000 down a little over 5% in a year that it has averaged a gain of nearly 20%. (more)
Of the major averages, only the OTC was up last year. It was up a little over 5% in a year that has averaged a gain of over 30%. (more)
The negatives 2015 was the 3rd year of the Presidential Cycle. The 3rd year has been, by far, the strongest year of the Cycle. (more)
Begin John Burk Quotes The good news is Measured by the NASDAQ composite (OTC) January has been, on average, the strongest month of the year
SP 500 earnings are declining (blue), this is the first time since 2008 and 2001 pic.twitter.com/gHtajHxMG6
Ratio of equal weight SP500 to weighted SP500 has had 3 extended declines since 2003 low 2007-2009, 2011-2012 & now pic.twitter.com/22PM1ixoBP
Stock-Market-Observations 
Leave A Reply