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Under the Hood of the Stock Market / Timeframe of the Turn

Posted on 5/12/20 at 12:28 pm
Posted by Hussss
Living the Dream
Member since Oct 2016
6741 posts
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.
Posted by castorinho
13623 posts
Member since Nov 2010
82010 posts
Posted on 5/12/20 at 12:32 pm to
Posted by Fat Bastard
coach, investor, gambler
Member since Mar 2009
72433 posts
Posted on 5/12/20 at 12:33 pm to
Posted by iAmBatman
The Batcave
Member since Mar 2011
12382 posts
Posted on 5/12/20 at 12:47 pm to
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 by tiger81
Brentwood, TN.
Member since Jan 2008
18801 posts
Posted on 5/12/20 at 4:31 pm to
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....
Posted by AMS
Member since Apr 2016
6495 posts
Posted on 5/12/20 at 5:12 pm to
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 by AMS
Member since Apr 2016
6495 posts
Posted on 5/12/20 at 5:19 pm to
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 by oklahogjr
Gold Membership
Member since Jan 2010
36747 posts
Posted on 5/12/20 at 5:22 pm to
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 by tiger81
Brentwood, TN.
Member since Jan 2008
18801 posts
Posted on 5/12/20 at 6:08 pm to
You must not have heard of the restaurants that aren't opening... because they can't make money at 50 % capacity.
Posted by bod312
Member since Jul 2015
846 posts
Posted on 5/12/20 at 6:09 pm to
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 by LSURussian
Member since Feb 2005
126922 posts
Posted on 5/12/20 at 6:44 pm to
My lights are still on.
Posted by notiger1997
Metairie
Member since May 2009
58088 posts
Posted on 5/12/20 at 7:06 pm to
Posted by oklahogjr
Gold Membership
Member since Jan 2010
36747 posts
Posted on 5/12/20 at 9:21 pm to
you know if he makes enough of theae hes bound to eventually be right.
Posted by AMS
Member since Apr 2016
6495 posts
Posted on 5/13/20 at 1:41 am to
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 by iAmBatman
The Batcave
Member since Mar 2011
12382 posts
Posted on 5/18/20 at 8:50 am to
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 by Fat Bastard
coach, investor, gambler
Member since Mar 2009
72433 posts
Posted on 5/18/20 at 8:52 am to
quote:

I was waiting for my next buying signal from husss. Looks like the time has come


Posted by Hussss
Living the Dream
Member since Oct 2016
6741 posts
Posted on 5/18/20 at 1:49 pm to
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.
This post was edited on 5/18/20 at 2:03 pm
Posted by NC_Tigah
Carolinas
Member since Sep 2003
123756 posts
Posted on 5/18/20 at 2:01 pm to
quote:

Wave 2 back up off of crashes are powerful and make people think the worst is behind us.
IDK about all that crap
but at +95 on the S&P I'm selling into the rally and picking up a reverse index position.
Posted by notiger1997
Metairie
Member since May 2009
58088 posts
Posted on 5/18/20 at 2:06 pm to
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 by LSURussian
Member since Feb 2005
126922 posts
Posted on 5/18/20 at 2:09 pm to
quote:

You don’t think they are actually going to allow voting machines to work in November this go round do ya?


quote:

Get all your money in so that when they cut power you can be all in.
My lights are still on.
This post was edited on 5/18/20 at 2:12 pm
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