Profile | Red Dragon Leo - Stock Market Trading on the Darkside

Yesterday the market consolidated with a couple of brief dips. This is normal in front of the CPI and with it coming out tomorrow I...

August 13, 2024

This week the market will be focused on the CPI out on Wednesday, which should do the typical wild swings to trap both sides before...

August 12, 2024

So far the market is looking good for a "turn" late next week as the larger B wave appears to still be unfolding. The "turn"...

August 9, 2024

We have 2 possible scenario's in play now. The first one projects a bottom sooner, like possibly this Friday It is where the rally up...

August 8, 2024

So far, so good. The market is acting as I expected. This relief rally will last 1-2 weeks from my estimate, and that's based on...

August 7, 2024

WOW, WOW, WOW... that's all I can say about yesterday. But now that the market has calm down a little with the VIX closing at...

August 6, 2024

Friday's nasty drop looks and feels like a capitulation move to me. The VIX almost hit 30 but closed at 23.39, which left a nice...

August 5, 2024

Looks like the market decided it did want a triple bottom after all. I guess the overall bearish pressure from the weekly chart is keeping...

August 2, 2024

We got the rally I was looking for yesterday. Today is more of a grind higher as the market is clearly in a breakout mode....

August 1, 2024

Yesterday the bulls failed to breakdown from the "cup and handle" pattern. The drop changed the wave count. In the chatroom yesterday I posted the...

July 31, 2024