Things are getting ugly economically and globally. Nearly everything soured very recently, and notably so. Sentiment is the only remaining silver lining.
Fascinating things are happening left and right.
Goodluck next week gentlemen,
-RH
Last Week's Post:
As with the Dow, Russell, Financials (XLF), the past couple of days have broken below their respective year long trendline support, leaving gaps. Whether markets will retrace off of these oversold conditions or continue their slide is yet to be seen, but the veracity of this downside move should give pause to market bulls. Let the dust settle and see if there are...
Week Ending 16 August 2019
The week is neutral bearish, the daily is bearish.
Projected range for upcoming week: 1464 - 1525
Weekly Data.
In Bear Territory.
Price Projection: Daily Only
HMA: Neutral Bull
BSI: Bullish
Bull RSI: Neutral
Bear RSI: Neutral
5 RSI: Negative
Consolidation: 1456 - 1533
Price-Trend: .93x ATR
Daily Data for Wednesday 16 August 2019
In...
Wild week. Volatility is picking up, $57.25 expected move seems low given that we moved $100 on Monday alone.
No clue what's going to happen next week. Leaning bearish. Bond market seems extended. Stock market has no incentive to invest.
Your money carries you further in heavier risk environments.
Last Week's Post ($58.5 Expected...
Daily Data for Wednesday 14 August 2019
In Bear Territory
Price Projection: 1374
HMA: Very Strong Bear
BSI: Bearish
Bull RSI: Neutral
Bear RSI: Bear
5 RSI: Negative
Consolidation:Broken to the low side
Price- Trend: 2.45x ATR
Prices are now 2.45x ATR away from the mean. Expect some mean reversion (return toward the MAs) before any further movement.
Attached...
Week Ending 9 August 2019
The week is bearish, the daily is bearish.
Weekly Data.
In Bear Territory.
Price Projection: 1434
HMA: Bear
BSI: Bearish
Bull RSI: Neutral
Bear RSI: Bear
5 RSI: Negative
Consolidation: Broken to the low side
Price-Trend: .6x ATR
Daily Data for Wednesday 9 August 2019
In Bear Territory
Price Projection: 1416
HMA: Strong Bear
BSI:...
Gravity Point at $2911 looks like an objective Long. Short term, this is oversold, 5 days down in a row.
Plan on exiting the long at the Red Box. I could see another shorting opportunity if we got to $3000 again.
Expected move increased by $20 after last week had a 3 standard deviation move down, breaking the trend we had built.
Last major week of earnings...
RUT held on to its ground.
It had broken the consolidation to the high side on 30 July 2019.
31 July it re-established the consolidation zone, giving it a new high bar.
New consolidation zone is: 1543 - 1599
All three RSI (Bull, Bear, 5) are showing bullish strength.
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