Cheese and crackers, Chris... Have you seen the Asian markets this Sunday evening. It's bloodier that a November hog slaughter. I don't think we'll see even a technical relief rally this week. I'm glad I'm short it all- TWM, etc.
@maskedavenger777 I spoke too soon. Another short range Monday bounce up. The S and P is testing 1080 support. IWM is up a good 1/2 of 1 percent, and the QQQQ is up nicely too. This week is options expiration week, and I expect "da boyz" will be playing around a bit with the indices. They might try to run it up to 1100 on the S and P, but I expect come Friday the markets will continue sliding.
hi christian, love the videos. you are spot on again. just a quick question, do you believe in the so called PPT? if so, dont you think they will prevent any kind of crash like they (if they exist) did for the flash crash?
August 12, 2010: A Hindenburg Omen occurred, the first since the market lows of 2009. One nearly occurred on August 11, failing only in that 67 stocks hit new lows, rather than the required 69.
You really want to laugh it off or take it with a pinch of salt if the mainstream media keep mentioning it - just like the head-and-shoulder pattern. Anyway, just read it for fun....
Now we have a Hindenburg omen. If I understand it right, the first signal gives 27% chance for a crash. But the more signals we get the higher chance for a crash.
so I bought up some DPK (Daily Developed Markets Bear 3x Shares) in the last 2mins of trading today, thinking these major foreign markets are due for a major sell-off early next week (especially cuz the DOW didn't "rah-rah" itself to a positive sentimental territory finish)...I'm not a master chart reader by any stretch of the imagination...it was sort of a gut purchase.....we'll see next week..ANY THOUGHTS anybody???
@nocsm1 dude, deflation is a bunch of BS,stop listening to CNBC and stop reading Yahoo finance. With all the money the gov/fed is printing, deflation is like trying to find Puff the Magic Dragon, it will never happen. Wait in 3 to 4 years when the banks stop hoarding all their money and start lending again...INFLATION up the wazoo!! Its the 70's all over again.
Today was a nice surprise for my bear positions. No white candle bounce as I was pessimistically thinking. There was a nice harami on the IWM chart. So markets next week should be pregnant with more selling.
thanks.
sublimeforexchampion 1 year ago
The Russel 2K looks like it delivered a divergence between the early July low and the slow stochastic low. Look out below?
colty77 1 year ago
@colty77 Fully agree, plan on covering that in tonight's market analysis.
PSAadmin 1 year ago
Cheese and crackers, Chris... Have you seen the Asian markets this Sunday evening. It's bloodier that a November hog slaughter. I don't think we'll see even a technical relief rally this week. I'm glad I'm short it all- TWM, etc.
maskedavenger777 1 year ago
@maskedavenger777 I spoke too soon. Another short range Monday bounce up. The S and P is testing 1080 support. IWM is up a good 1/2 of 1 percent, and the QQQQ is up nicely too. This week is options expiration week, and I expect "da boyz" will be playing around a bit with the indices. They might try to run it up to 1100 on the S and P, but I expect come Friday the markets will continue sliding.
maskedavenger777 1 year ago
hi christian, love the videos. you are spot on again. just a quick question, do you believe in the so called PPT? if so, dont you think they will prevent any kind of crash like they (if they exist) did for the flash crash?
SGDeGalvez 1 year ago
@SGDeGalvez They are real, but they did not prevent the flash crash, nor the crash of 2008, nor the crash to come.
PSAadmin 1 year ago
August 12, 2010: A Hindenburg Omen occurred, the first since the market lows of 2009. One nearly occurred on August 11, failing only in that 67 stocks hit new lows, rather than the required 69.
You really want to laugh it off or take it with a pinch of salt if the mainstream media keep mentioning it - just like the head-and-shoulder pattern. Anyway, just read it for fun....
marque1999 1 year ago
Now we have a Hindenburg omen. If I understand it right, the first signal gives 27% chance for a crash. But the more signals we get the higher chance for a crash.
TheExAquarist 1 year ago
plz don't hit me with a stick :S
alabader741 1 year ago
so I bought up some DPK (Daily Developed Markets Bear 3x Shares) in the last 2mins of trading today, thinking these major foreign markets are due for a major sell-off early next week (especially cuz the DOW didn't "rah-rah" itself to a positive sentimental territory finish)...I'm not a master chart reader by any stretch of the imagination...it was sort of a gut purchase.....we'll see next week..ANY THOUGHTS anybody???
alecolbap 1 year ago
Great videos simple straight forward explanations
Keep them coming !
bubayou 1 year ago
Chrstian, what are your views on deflation?
nocsm1 1 year ago
@nocsm1 dude, deflation is a bunch of BS,stop listening to CNBC and stop reading Yahoo finance. With all the money the gov/fed is printing, deflation is like trying to find Puff the Magic Dragon, it will never happen. Wait in 3 to 4 years when the banks stop hoarding all their money and start lending again...INFLATION up the wazoo!! Its the 70's all over again.
TheEarthGerm 1 year ago
@TheEarthGerm hmm, interesting...
alecolbap 1 year ago
Excellent! Great explanations as usual.
TheExAquarist 1 year ago
i think u are right on the ftse it is being a total joke at the moment
joemoonblue 1 year ago
Thanks boss. Like the weekly assessment a lot and how it fits with the daily chart.
mercury11043 1 year ago
FTSE past 7 months is a classic broadening top megaphone, partial rise.
Thanks for the video.
goldwing25 1 year ago
Today was a nice surprise for my bear positions. No white candle bounce as I was pessimistically thinking. There was a nice harami on the IWM chart. So markets next week should be pregnant with more selling.
maskedavenger777 1 year ago