XLE is on my sell screen. It can be shorted for a quick sharp drop, or ERY can be bought (it is close but not the exact inverse of XLE). It looks like XLE will open lower. Don’t chase too much as, again, this is short term signal…but worth a shot if trading is your […]
BTC is right on its 50 DMA. Worth a shot at a long trade with a tight stop (low for the day or so). I bought BITX at 25.78.
BTC sitting right atop its rising 20 DMA. Worth a shot with a tight stop. Not too tight, so don’t buy too much and BTC is very volatile. I am buying IBIT.
SPY on my sell screen. VIX puts are also free right now, so super bearish. I am buying SPXS at 6.65. Short term, remember, so sell on a nice whack down.
Well, that all mkt sell signal took its sweet time. This has been very hard to play as the indices have greatly decoupled from each other. I can never tell which will do best on a signal, but usually they move about the same. This time is crazy. Today, for example, the Dow is down […]
Well, the all stock market sell signal has not kicked in as I hoped. The markets have basically done nothing (except the PM space…yay Gary!) I am going to give it another day or two before closing out my shorts. Certainly I will be out by Friday. The VIX-P is extremely bearish for the first […]
If DJIA closes up I will get an all market sell signal. That means we should get an immediate (with in 3 days) 1% down move. Sometimes these abort late in the day if the Dow closes sharply higher, but not today because the window is huge (Dow would have to close up about 1,000 […]
Kudos to Gary and all who have followed his gudiance. Excellent move in PM sector. That is where all your serious money should be There is s trading opportunity this morning. BTC has rallied right to its declining 200 DMA, so an MA trade is available, I boughtBITI (short BTC) at 7.43 this morning in […]
Thought I’d squeeze a post in before FOMC. I will rarely post follow ups going forward, but as my presence is new here I thought to make a few comments. GLD sell screen: got the idea right that there was no need to chase the PM stocks as they were likely to stall. The super-overbought […]
Not usual to get another so quickly, but worth posting I think. SMH is on my ETF sell screen. Doesn’t mean it needs to drop right away, but it is super overbought. GLD, which is in a much better position, much more bullish set up, has not done much since it hit my sell screen, […]
