Originally posted at Capitalstool. My daily swing trade screens of roughly 1300 actively traded stocks trading above $6 did not make a third day in…
Two pictures are worth a thousand words. Ladies and germs, I present two perspectives on the hourly ES, 24 hour S&P 500 fucutures covering the past 2 1/2 weeks.
I report, you decide.
Perspective number one.
Perspective numbe…
Got your attention?
Does anybody really give a damn about it anymore? Or are we living in the past in this Crypto Age?
Gold Got There Fast But Race is Over
Meanwhile, the rangebound slop in stocks goes on and on.
I don’t like it,…
Yep, closed out a good month and off to a great start in December with an average theoretical gain of 11.9% on an average holding period of 24 calendar days on current chart picks. Reverses a couple shitty months in September and October. Swing Trade …
And the Christmas goose is in the oven.
Meanwhile, I noticed something interesting this morning. Over the past year, the EUR/USD tends to lead intermediate turns in US stocks by a week or two. We got something here?
This is a daily chart of …
Here we go again. Groundhog Day. The end of history. Over and over again they keep saying it’s the end. But I say they’re wrong. We’re just at the dawn of correction. For every season, there’s a reason. Blah blah.
Ah, the caca-phony of Wall Stree…
This market reminds me of Never Nowhere All At Once. Did you see that movie?
The pattern on the hourly chart of the ES, 24 hour S&P futures looks like it could be a top, but then we see that pattern of higher lows which makes me think that it…
Yes, the ES 24 hour S&P futures have broken out here in the pre market. But the conventional measured move implication is only 4590, because the base is so shallow. That’s also the area of a couple of trend resistance lines in the first couple hou…
That’s the headline on the Technical Trader chart picks update that I will post shortly. Meanwhile, the hourly chart of the ES 24 hour S&P futures is flirting with breaking spport at 4539. If successful, the bears will have a toe hold for a big mov…
The rally stalled last week. Not coincidentally, it did so when it hit an area of major resistance from a previous top. I have shown that area with a blue box on the hourly chart of the ES, 24 hour S&P futures.
2-3 and 5 day cycle lows are du…