Herbicat

Herbicat Updated 

We have back to back reversal weeks and starting with the Sunday opening we will be reversing from the sloppy rally we had this week. With China trying to retaliate, I believe we get a sharp sell off. And risk is limited to the upside at least I cannot see this market breaking much higher than 2939 area of the ES this morning.

Herbicat Updated 

Set a tight stop and if it does not fail and go much lower should be good for a nice bounce over the next days.

Herbicat Updated 

MJ not looking good but HEXO, ACB are at/near buy points.

Herbicat Updated 

This correction is far from over and we should get a good rally today. Overnight the ES has gone from 2810.25 to 2888 area. I would expect this to end quickly with the major correction finishing off the week.

Herbicat

IPO going back to offer price. and early support which might be a good entry if a setup is reviled. Watching for now.

Herbicat Updated 

Note: long is not being taken here. I expected a bounce back to the green area, but with the Chinese Commies committed to murder of Hong Kong I will not be trading today. Expect a short opportunity coming up by end of week of early next week, but this is not timing so we need a setup to enter.

Herbicat Updated 

Set up is complete with a back test this morning. I will go long after market open settles. Back test gives some added protection here.

Herbicat

Short/long intra-day only as setups arise and the bullish case should be favored. I am not carrying anyth See gap on for hour SPX cash. I cannot show here for some reason.

Herbicat Updated 

Short in this area or when ES reaches 2925 area. This bounce is out of fizz. Should pull back before another advance.

Herbicat Updated 

This bounce is about out of fizz. Short at 2925ish. Tight stops.

Herbicat Updated 

Bounce underway adding a little here and putting on a full position sometime Tuesday. Could/should bottom my tomorrow and could go a bit lower. look out for capitulation or setups to enter. Bounce into on or about the 13th hitting at least 2912 and ideally to the uptrend resistance.

Herbicat Updated 

Bounce underway adding a little here and putting on a full position sometime Tuesday. Could/should bottom my tomorrow and could go a bit lower. look out for capitulation or setups to enter. Bounce into on or about the 13th hitting at least 2912 and ideally to the uptrend resistance. Same as ES store adding SPY for 401k and pure stock accounts. Remember...

Herbicat Updated 

Expect a pull back tomorrow and a bounce for X days. Although it looks like it has hit support here I would wait until to morrow to fully exit and enter long. Taking some profits here.

Herbicat Updated 

NFP could give us a bounce to enter a short position for a flash correction into early next week. Either way I will be looking to short Friday and anticipate the bottom by August 6 which is the same as my canceled entry from last week. After that bottom is confirmed, I will post long opportunities when they make sense. But the long entry could be as soon as...

Herbicat

Just another caution to the shorts. This is not giving good confirmation that the S&P500 is ready to tank next week.

Herbicat

The VIX has broken a long-term supporting trend line and this might indicate that the much-anticipated correction is going to be an inversion and bullish continuation. If the S&P500 can breakout above the upper resistance trend lines on the weekly chart, it might just fool everyone again. This would invalidate my prior short sale plan. And breaking this trend...

Herbicat Updated 

The SPX is topping or has topped, but with interest rates are expected to be lowered at month's end and we have solid earnings, I will not consider entry until August 5th. It is anticipated that August/September will bring a signification correction and this correction could be deeper than what I anticipated on the chart. Then I expect a sling shot event to...

Herbicat Updated 

Back test confirmed this morning. Maybe another entry opportunity if it pulls back to test resistance agan.