The market can’t seem to make up it’s mind. Up big one week, down big the next. Wash, rinse, repeat. And the indicators are no longer on the same page. In this video I look for hints of what the market’s next move might be.
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Great work.
You are correct. I was trading into gaps. I don’t intend to do it until this market becomes rational. I do think we need a month down before the market can continue up. Patterns of 1999 keeps me from going short at this time.
I would love a month-long sell-off.
Thanks. Frustrating technical read.
Long, Carrying hedges, puts, against decline in indices; expect attempts at new highs on lower volume (to me a negative): S/P 1594 possible, and 16K Dow not possible, Nas may test 3306. The Central banks still moving money – most feel a bias upward exists even if there should be a correction soon its just a buy.
GE and 3M are down suggesting distribution by some large players who are seeing an economic slow down in Q3/4 < 2% GDP. Still a bonds play to EOM Sept on historical probabilities. Cheers.
good vidio and like a uncertain doji i wont guess
but the market feels tired and QE world wide may soon fail
why-
because the more money the central banks pump in,then the more risk there is in the system
it gets to a point where the monthly injections by all central banks,will just not be enough to stop a sell off if the big instos want-have tooooooooo
THE BIG EQUITY PONSI GO’S ON BUT LIKE ALL PONSIS WILL GET TO A POINT OF DIMINISHED RETURNS AND WILL FAIL
Thank you Jason.