The market market making historic highs, bears completely decimated
and online retail getting for Black Friday and Cyber Monday
ready to spend 9.4 Billion $ on things that they might not really need.
Well flash forward to this week.
A giant Noreaster snowstorm pounds New ,
and the Northeast with over a foot of wind blown snow, and brutal cold weather.
The holiday's are over now.
It's December, the beginning of a potentially long cold winter.
Just one look at the stock market this week should remind anyone who doubts..
just how risky the stock market can be, in an instant and how very risky it is, to be so
what is the word.. complacent.
The chart I am showing you here is very important.
It is the 3 Box Chart 30 Minute Chart of the S=P 500.
It shows that this weeks sell off,is snapping right back to the breakout point, around 3070
This is where longs need to step up, and buy this decline, if support is to hold.
Suddenly,the tide has turned.
And before you could even count up all those credit card bills,
that got you into all of that Thanksgiving holiday cheer,
it's time to pay the piper.
Golly. Who woulda thunk.
Note how It has sold off as much in 1 week,
that it took 4 weeks of rally to achieve.
Not a good sign, at first blush.
That's momentum kicking in strongly to the downside.
Chart shown above
is a Weekly S+P 500 Chart,
with the 3 Box Weekly Indicator of Support.
Glad we saw this coming my friend! Going to play SPY on the way down with VIXY on the way up. Then inverse when the trend does.
See if we can pump this money-hole twice. :)
In my opinion, Trump knows there is no China deal. In history, Chinese people are very strong willed and intelligent. One of the first civilizations.
We will be going into a recession fueled by corporate debt (much like this current bull run in SP500).
Fun facts -
In the last year, the Federal Government added more debt than in the previous 42 years combined.
In 2018, GDP grew by 5% while national debt grew at 6%. This implies the entire economic growth of 2018 was debt based.” He goes on to say that the “problem that causes the next recession will be interest rate manipulation (going to zero interest rates/QE money printing)” - Jeff Gundlach
Debt. The mega 4 letter word the market chooses..just to ignore.
As in"just say no. 1980's mantra before the crash.
Even the Fed downplays it when put on the spot about LT debt i.
Your market observations are very wise, and learned.
Thank you very much, for contributing here,to my posts.
I am only as wise as those I learn from. You are one of these dude. Collective knowledge gets US all to the objective.
If people were less concerned with have's and have-not's, and just learned from the people who have.....then they wouldn't be haters.
Because they would "have" LOL
But we are like Jeff Gundlach in this video. We "want to figure it out for ourselves". We don't want to be told what to think. This is why we agree so much.
Chart worth it's weight in gold.
Thank you for the correction.
I mistakingly labeled it a 30 minute chart, when it is indeed a Weekly Chart
I will update the chart with a 30 Minute,in my next post.