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Message
Under the Hood of the Stock Market / Timeframe of the Turn
Posted on 5/12/20 at 12:28 pm
Posted on 5/12/20 at 12:28 pm
IWM (small caps)
XLF (financials)
IYT (transports)
These 3 gauge the health of the entire stock market. All under their 200 ma and rolling over as the right shoulder of head and shoulders top. VIX basing out in the 25-30 area after its long downtrend off its highs.
MAGA stocks (MSFT, AAPL, GOOG, AMZN) losing steam and can only carry the entire market so far. Bond markets are not confirming the bullish side of stocks. The Fed is not bigger than the market. Don't be fooled. They were throwing the kitchen sink at markets in the Fall of 2008 and the stock market didn't bottom until March of 2009. We are staring down the most lethal bear market in our lifetimes according to some of the greatest investors (too many to mention but a few titans like Stan Druckenmiller, Jim Rogers, Paul Tudor Jones, Jeff Gundlach, Scott Minerd) the world has ever known. Buffett not buying the first crash down was quite telling as well.
Wave 2 back up off of crashes are powerful and make people think the worst is behind us. The next wave down is longest and grinds lower keeping most investors in agonizing pain. Look for the turn to happen next week. Taking risk off the table by the end of day Friday May 15 looks most prudent to be on the safe side.
XLF (financials)
IYT (transports)
These 3 gauge the health of the entire stock market. All under their 200 ma and rolling over as the right shoulder of head and shoulders top. VIX basing out in the 25-30 area after its long downtrend off its highs.
MAGA stocks (MSFT, AAPL, GOOG, AMZN) losing steam and can only carry the entire market so far. Bond markets are not confirming the bullish side of stocks. The Fed is not bigger than the market. Don't be fooled. They were throwing the kitchen sink at markets in the Fall of 2008 and the stock market didn't bottom until March of 2009. We are staring down the most lethal bear market in our lifetimes according to some of the greatest investors (too many to mention but a few titans like Stan Druckenmiller, Jim Rogers, Paul Tudor Jones, Jeff Gundlach, Scott Minerd) the world has ever known. Buffett not buying the first crash down was quite telling as well.
Wave 2 back up off of crashes are powerful and make people think the worst is behind us. The next wave down is longest and grinds lower keeping most investors in agonizing pain. Look for the turn to happen next week. Taking risk off the table by the end of day Friday May 15 looks most prudent to be on the safe side.
Posted on 5/12/20 at 12:47 pm to Hussss
quote:
The next wave down is longest and grinds lower keeping most investors in agonizing pain. Look for the turn to happen next week. Taking risk off the table by the end of day Friday May 15 looks most prudent to be on the safe side.
Strap in boys...looks like we're heading for a liftoff next week
Seriously though...can you tell me when I should buy my generator so I can keep the lights on in my house? I haven't experienced any outages yet but I want to be prepared for when they do start to flicker
Posted on 5/12/20 at 4:31 pm to iAmBatman
This market is going to realize reality shortly.... we are screwed, till we get a vaccine. If we get a vaccine. People are not going to spend and engage, till they know it's safe.
Take cover....
Take cover....
Posted on 5/12/20 at 5:12 pm to iAmBatman
quote:
quote:
The next wave down is longest and grinds lower keeping most investors in agonizing pain. Look for the turn to happen next week. Taking risk off the table by the end of day Friday May 15 looks most prudent to be on the safe side.
Strap in boys...looks like we're heading for a liftoff next week
Seriously though...can you tell me when I should buy my generator so I can keep the lights on in my house? I haven't experienced any outages yet but I want to be prepared for when they do start to flicker
I was waiting for my next buying signal from husss. Looks like the time has come
Posted on 5/12/20 at 5:19 pm to tiger81
quote:
This market is going to realize reality shortly.... we are screwed, till we get a vaccine. If we get a vaccine. People are not going to spend and engage, till they know it's safe.
Take cover....
People are literally chomping at the bit to spend and engage
People are getting arrested for violating the stay home orders as it is.
The courts are ruling these unconstitutional.
The average age of death from COVID is statistically equivalent to the average age of death in general. In a roughshod explanation that means half the people dying from COVID outlived life expectancy.
Posted on 5/12/20 at 5:22 pm to Hussss
quote:
They were throwing the kitchen sink at markets in the Fall of 2008 and the stock market didn't bottom until March of 2009.
By all accounts this time they went way further though. so who says we have to deal with a decade of slow growth as a result even.
quote:
IWM (small caps)
XLF (financials)
IYT (transports)
i'm just curious but how long have you used these 3 as an indicator of the whole market. and what proof do you even have of that?
Posted on 5/12/20 at 6:08 pm to oklahogjr
You must not have heard of the restaurants that aren't opening... because they can't make money at 50 % capacity.
Posted on 5/12/20 at 6:09 pm to Hussss
quote:
Look for the turn to happen next week. Taking risk off the table by the end of day Friday May 15 looks most prudent to be on the safe side.
Are you saying that it will happen on the 20th? Where have I heard this before?
LINK
I don't know Russian but I am assuming his lights are still on.
This post was edited on 5/12/20 at 6:10 pm
Posted on 5/12/20 at 9:21 pm to LSURussian
you know if he makes enough of theae hes bound to eventually be right.
Posted on 5/13/20 at 1:41 am to oklahogjr
quote:
you know if he makes enough of theae hes bound to eventually be right
In the meanwhile it’s like printing money
A broke clock is right 2x a day, but it’s wrong 22x a day, I’m very content with those odds
Posted on 5/18/20 at 8:50 am to Hussss
quote:
Taking risk off the table by the end of day Friday May 15 looks most prudent to be on the safe side.
Looks like fading Huss was the right play again
You truly are the best indicator we have...just do the opposite of whatever you post and my 3 year old could make money!
Posted on 5/18/20 at 8:52 am to AMS
quote:
I was waiting for my next buying signal from husss. Looks like the time has come
Posted on 5/18/20 at 1:49 pm to Fat Bastard
S&P only put in a Triple Top today on the current counter trend leg. What’s not to like?
Get all your money in so that when they cut power you can be all in.
You don’t think they are actually going to allow voting machines to work in November this go round do ya?
I will say it AGAIN: the ‘virus’ was a dry run for what is actually coming. They have told you in subtle ways for YEARS what is coming. Super Bowl in New Orleans, various commercials, movies and sitcoms etc.
Yep they will blame all the coming turmoil on China too. It must have been an EMP.
Muh China virus
Muh China EMP
NOTICE who NEVER gets any blame for global turmoil?
I’ll let ya figure that one out.
Peace.
Get all your money in so that when they cut power you can be all in.
You don’t think they are actually going to allow voting machines to work in November this go round do ya?
I will say it AGAIN: the ‘virus’ was a dry run for what is actually coming. They have told you in subtle ways for YEARS what is coming. Super Bowl in New Orleans, various commercials, movies and sitcoms etc.
Yep they will blame all the coming turmoil on China too. It must have been an EMP.
Muh China virus
Muh China EMP
NOTICE who NEVER gets any blame for global turmoil?
I’ll let ya figure that one out.
Peace.
This post was edited on 5/18/20 at 2:03 pm
Posted on 5/18/20 at 2:01 pm to Hussss
quote:IDK about all that crap
Wave 2 back up off of crashes are powerful and make people think the worst is behind us.
but at +95 on the S&P I'm selling into the rally and picking up a reverse index position.
Posted on 5/18/20 at 2:06 pm to Hussss
Just go play in the Qtard thread and leave the money talk to people who at least have a clue what they are doing.
Posted on 5/18/20 at 2:09 pm to Hussss
quote:
You don’t think they are actually going to allow voting machines to work in November this go round do ya?
quote:My lights are still on.
Get all your money in so that when they cut power you can be all in.
This post was edited on 5/18/20 at 2:12 pm
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