Evicted Bears…
Are there any more bears left, or did they all get evicted today?
It seems there’s never a dull moment in the markets, as you watched today’s tape destroy the bears’ dreams. I’m glad I wasn’t around for the bear beaten’ today, but instead I had to actually go work. Yes, I do work… from time to time. Today started off too be a great day… until my car broke down, an hour from home.
Arrrrggggh! So, I waited an hour for a tow truck, and then another hour to get back home. Not a good day for me. When I finally get back to the computer, I see the market squeeze more bears out, and everyone freaking out (myself including… well, just a little bit).
But gang, we all knew that the market could go up to around 1180 spx (and still can), then backtest the broken support line… we just didn’t believe it could really do it! That is what shocked all the bears, as the 1,000 point drop was so bearish for the market, that everyone was only looking for a small bounce back up, and then another crash.
I include myself in that category, as I really thought the market was done yesterday. But, we should all know by now, that it’s extremely hard to kill a bull. If you look at this move back up using Fibonacci percentages, then we are now at about the 61.8% level, with the possibility of the move continuing to the 78.6% level around 1180 spx. So, in the grand scheme of things, this is a typical move back up.
Let’s also look at it from an Elliottwave point of view. The first 2 day sell off, from the 1220 high, to the 1180 low… would be wave 1 down. Then the next 2 days up were wave 2, and the move down to the 105.00 spy low… was wave 3 down. Now we are on wave 4 up, with wave 5 down coming next.
Will it happen tomorrow? I don’t know? We could have another up day, to tag the 1180 broken support level first. The sideways chop fest that we have had for the last 3 days could be a bull flag, (an ugly one… but possible?) which could give the market one more lunge higher tomorrow.
I’m still short… painfully short, but you must endure a lot of pain in the options world of trading. Nothing is ever as easy as you plan it too be. They are always out to surprise you, and take your money.
So, if Ms. Market is listening to me right now… I’m Super Duper Bullish right now! Go Bulls! ROFLMAO now!
Red
P.S. Hang in there bears… we ain’t dead yet!
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Weekend Update – Market Manipulation To Extreme!
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Wednesday update… No More Taking The Stairs UP! (I made a mistake thinking today was Memorial Day in the video. Duh… it’s Labor Day! Sorry). Last week is a clear example of how well controlled and manipulated this market really is. A normal market will take the stairs up (meaning it slowly makes gains every More >
Weekend Update – US To Default On Debt
about 1 week ago - View Comments
Tuesday Update… Red _______________________________________________________________________ Monday Update… it’s not looking good for the bulls! Red _______________________________________________________________________ Before I go over the stock market I’d like to take some time and go over the picture behind the scenes… Upon reading Benjamin Fulford’s latest report, it appears that the Amero dollar is still being pushed forward, and really More >
Rally Time?
about 2 weeks ago - View Comments
Video Update for Friday… Red ————————————————————————————————- or just a relief bounce… After selling off for 4 days straight, the market needed a breather, and that’s exactly what we got today. As for tomorrow, as long as the initial claims and continuing claims numbers meet or beat expectations, the market should go a little higher. I’m More >
Weekend Update – The Wave 3′s Are Coming!
about 2 weeks ago - View Comments
Tuesday Update… Sorry gang, I had a busy afternoon. Just a video update again, as I’m to tired to write up a new post. Plus, not much has changed, except we are one more day closer to the coming crash. Red ————————————————————————————- Monday Update… We hit our target area of 1080 in the morning reversed More >
The Bears Win Today!
about 2 weeks ago - View Comments
Just a simple video update for Friday. I’ll have more on my weekend report by Sunday night. Enjoy the weekend everyone…. Red ——————————————————————————————- But don’t count the bulls out yet… Well gang, I’m bummed out. I missed the call yesterday, as I really expected it to pop up to 111.17 first… and then sell off. More >
Almost There…
about 3 weeks ago - View Comments
Video Update for Thursday… I think the top is just about in now gang. I see one more pop higher tomorrow… to the 111.17 FP level, and then the selling to begin. I don’t have any idea if it’s going to be a really big move down or if that will be next week on More >
Weekend Update…
about 3 weeks ago - View Comments
Monday Update… Not much to add, but I thought I’d just share a few feelings mainly. The charts could go either way at this point. Be careful in both directions… —————————————————————————————————————— So what’s next you ask? This coming week should be a tricky week as they will likely rally up to squeeze the bears at More >
Time For A Bear Nap…
about 3 weeks ago - View Comments
But next week should make the Bears’ Day! Ok gang, it looks like we came close enough to the 107.35 SPY FP from last week to fulfill it. We hit 107.59 on the opening gap down and rallied hard from that level. This tells me that the short term bottom is in, and we should More >
A Very Bearlishess Day!
about 4 weeks ago - View Comments
The bears got feed well today, but will it continue? And the answer is… “YES”, it will continue! Yippee! It’s great to be a bear right now, so I hope everyone was already positioned well for today’s sell off. For tomorrow I expect a “pause” day, even ending slightly up… but not much. After such More >
One More Day UP…
about 4 weeks ago - View Comments
Is all I see… Gang, I think tomorrow will go up and hit the 113.02 spy FP that Anna caught at 8-9am Tuesday morning. I see the same print in the afterhours session again. This confirms to me that we are going to hit that target tomorrow sometime. After that, I think we will sell More >
Comments are closed.
about 3 months ago
195 Min Setup is co-relational to the macro Pi Ritual Harvest of Speculative Capital
http://www.flickr.com/photos/47091634@N04/46049...
about 3 months ago
So about 1114.40 is the first level of support, that could stop the fall, but if that breaks, then about 1055 area is next?
about 3 months ago
Red Containment on the 120 min. which is why we stopped @ that level last time, when that falls Weekly containment is next
http://www.flickr.com/photos/47091634@N04/46019...
about 3 months ago
Can you elaborate on the moon reversal thing ?
about 3 months ago
TNA opened down 0.6%, and the opening gap was filled. TNA was up 2.0% at it’s high, and closed down 3%.
An earlier gap from $56.70 to $57.39 remains unfilled.
We are now in a Full Moon Trade, which tends to favor TNA. The new moon is tomorrow, at 12:30PM eastern.
AmericanBulls had TNA with a Hold today, and TNA was down, so there may be a possible sell on TNA for tomorrow. The TNA buy was at $55.66. TNA closed at $60.04, up 7.87% from the buy.
AmericanBulls had TZA with a Wait, and TZA was up today, so there may be a possible buy on TZA for tomorrow.
Volume for TNA today was about normal.
$RVX (VIX for $RUT) closed up 5.8% with TNA down 3%. No divergence.
TNA had been down 4 days in a row, then up 3 days, now down today. Neutral for TNA.
The low for TNA was from five days ago at $42.29. Today’s low was $59.22, 40% higher. Good for TNA.
Today, Ultimate Oscillator for TNA rose from 55 to 56 while TNA fell 3%. A meaningful divergence. Good for TNA.
MACD fastline is below zero and flat. MACD slowline is above zero and falling. Not helpful for for TNA.
Bollinger Bands for $RVX (VIX for $RUT): Today, $RVX had a white candle about mid way between the upper Bollinger Band and the 20day moving average mid line. MACD fast line was falling again today. The fast line is still rising. Not helpful for TNA.
Bollinger Bands for $RUT: Today, $RUT had a red candle that opened at the 20day moving average and closed below it. Looks suspiciously like $RUT might fall tomorrow, bouncing off that 20day. MACD appears to be rising. May not be good for TNA.
NYSE down volume was 4 times the up volume today – not good for TNA.
TNA had a higher high & higher low (good for TNA) and lower close (not good for TNA)
Money flow for the Total Stock Market:
$ 693 million flowing out the market 2 days ago.
$ 858 million flowing into the market yesterday.
$ 270 million flowing into the market today.
Good for TNA.
I will post the AmericanBulls candlestick interpretation a bit later.
Overall, good for TNA for tomorrow. (Relying on the Ultimate Oscillator divergence, higher high & higher low)
about 3 months ago
Here you go:
http://stockcharts.com/def/servlet/Favorites.CS...
I thought the new moon was tomorrow because it occurs tonight, but I guess it was today!
It's pretty amazing. Enough people follow it enough that it works, I guess.
Also, according to some the controllers are into the occult. I'm not, btw.
about 3 months ago
Rip,
I have noon tomorrow for the new moon. I guess maybe it's a different time depending on where on the planet you happen to be?
about 3 months ago
The Daily view from Americanbulls
TNA was a Hold today, and in spite of being down 3% today, is a Hold again for tomorrow. The buy price was $55.69 & the close today was $60.11, up 7.9% since the buy.
TZA was a Wait today, and in spite of being up 2.8% today, is a Wait again tomorrow.
Of the stocks & ETFs I follow, these are to hold on to:
IWM (1x $RUT)
UWM (2x $RUT)
TNA (3x $RUT)
UUP(US Dollar)
DIA
SPY
QQQQ
QLD (2x QQQQ)
SCO (-2x Oil)
DTO (-3x oil)
EPV (-2x Europe)
DZZ (-2x Gold)
The list to avoid:
SLV(silver)
UCO(2x Oil)
AAPL
GOOG
EWG(Germany)
EWQ(France)
EWU(England)
EWX(emerging mkts)
RWM (-1x $RUT)
TWM (-2x $RUT)
TZA (-3x $RUT)
SRS (-2x RE)
DRV (-3x RE)
The following are possible buys tomorrow:
USO(oil)
GS
ERY (-3x energy)
SKF (-2x Financials)
FAZ (-3x Financials)
SPXU (-3x $SPX)
QID (-2x QQQQ)
DXD (-2x DOW30)
The following are possible sells tomorrow :
IYR(1x RE)
URE(2x RE)
DRN(3x RE)
GLD (gold)
UGL (2x Gold)
ERX(3x energy)
AMZN
DRI
Action for TNA or TZA for tomorrow: none
about 3 months ago
I have a list from the US Naval Observatory that says 5/14; happened to notice that my kitchen calendar says 5/13.
From memory (which might have been incorrect) I thought it was tonight, which would affect tomorrow's trading, or so I thought.
From looking at old charts, tomorrow might show a reversal signal, too, like a doji.
about 3 months ago
Fantastic information and great story. Very happy to read about!