Market_Masta

Market_Masta

Potential double top reversal. Leaning bearish given some signs. 1. Bearish Divergence in 4HR MACD 2. Failure to reclaim March Bull Channel. 3. DXY trading in tight range in a downward wedge that may present a potential breakout putting downward pressure on commodities

Market_Masta

DDD -33% in 14 days.

Market_Masta

Nice weekly volume. RSI

Market_Masta

Chart show the inverse relationship between the US Dollar Index and Crude WTI. Needless to say it would be quite interesting if the dollar reverses. I don't expect little pip moves which ever way the dollar breaks. Gasoline prices has risen nearly 30% from Jan-Feb lows in my area.

Market_Masta

Looking for a reversal in the dollar en route to 105. Crude loosing steam up here near 60. Gold was destroyed today.

Market_Masta

DXY is at a pivotal point on it's moon shot trajectory into the stratosphere. I reversal here could lead crude to reverse and lower prices for PMs.

Market_Masta

Can it be? I'll believe it when I see a GDXJ close over the 50. For now, this is on watch.

Market_Masta

Wedge break 4/14/2015 Time to get long.

Market_Masta

China A50 getting slammed hard as I type this, down just over 1%... As you can see these China stocks are a bit overheated. I'm looking for this market to break down for a correction. I'm short the China 50 Index via $YANG @ 7.50 3/6/15 -MM

Market_Masta

GDXJ bounced at it's 50 fib and 50 sma after recent run to 30.74

Market_Masta

There will be many of you who continue to hold onto biotech chasing even more gains refusing to believe the run is over. In the words of the great Oscar Gamble, "They don't think it be like it is, but it do." All great runs come to an end. The time to go short is at hand.