TheMarketDog2

TheMarketDog2

Spain thinking about some lockdown...

TheMarketDog2

Watch closely these hidden bears as they're supporting a "healthy decline". I think smart money is happily selling the rallies...

TheMarketDog2 Updated 

If you take the 495 stock of the S&P and adjust it for the USD recent devaluation... We're stuck below a 0.618 retracement, under the moving averages and below what seems to be a declining trend line So we basically have 5 companies are supporting the rally... with 4 of them being investigated by the congress... I wouldn't even try to look at it in gold or EUR...

TheMarketDog2

... or bulls will loose control for now. 3200 is : 1.the neckline of some kind of small HS 2. the rising wedge lower line 3. the first of the vegas waves (ema144) 4. The major support of these last 2 weeks

TheMarketDog2

As per school books: www.investopedia.com www.investopedia.com What's important to note in my view are : 1)The declining volume 2)The RSI Divergence 3)The fractal with Jan-Feb (The bars are much longer which ties well with the increased volatility - VIX on top)... the small double bottom are like copy pasting. I really want to see what happens in the next days...

TheMarketDog2

Last time we bounced of the 0.786 fibo retracement we had a large spike. We've got also a good support with the up trend line We're really moving in a tight range at the moment and I can only see a big move either way but we won't stay flat very long A break out upward wpuld be very bullish

TheMarketDog2 Updated 

pretty readable US10Y & oil making break outs seems all aligned...

TheMarketDog2

nicely rejected at the 0.618 resistance looking for 30 and the 100 days MA/ wave A of a correction note that dozens of refineries in Texas are seeing surge of COVID cases and might have to partially shut down some operations this would lead to increase of crude stockpiles and I wouldn't be surprised to see a significant drop in the coming weeks as we would face...

TheMarketDog2

after trading in a tight range since days it looks like we are breaking lower the 0.6 resistance break out or fake out?

TheMarketDog2 Updated 

As for the late 90's tech is over performing... some say that the reason why tech are over performing is because the world will change after covid, we are moving to the cloud etc. I can't more than agree with this. However, the same was true in the late 90's, the internet was a revolution... it didn't prevent the dot com bubble. At that time some companies had 0...

TheMarketDog2

top is SPX/ money supply... did we get richer in 10 years?? funny to see how we rejected the 2007 top and bounced back of the 2002 low... I think the story is far from over...

TheMarketDog2

It keeps try since last week.. it's going to go thru at some point

TheMarketDog2 Updated 

I couldn't resist noting the last 2 candles were the sames as the ones of Feb... What's funny though is that tomorrow is the options's expiration date. Is is was in Feb when the market started collapsing. I am not an expert in options but: 1)"An option will have no value if the underlying security is below the strike price (in the case of a call option) at...

TheMarketDog2 Updated 

Yesterday marked a 61% retracement of last week's drop. Normal retracement for a W 2, I think everyone was expecting this. I am particularly interested in the clean hanging man candlestick (www.investopedia.com) it usually marks the end of an uptrend. Needs to be confirmed today. I clearly shows that short sellers are ready to step in any time.The back to normal...

TheMarketDog2

LH but HH on RSI

TheMarketDog2

HL while RSI is on LL Note the fractal :

TheMarketDog2

I intentionally use a log scale a reflect on - the excess liquidity in the market - the increased volatility due to the mass of retail investors and algo's trading I might be a merchant of doom, but the fact is that the recession is far from over, it barely started. 1) If we look at the time : Consumers and companies will only start to see the ripple effects of...

TheMarketDog2 Updated 

whether it's a B or a 2, we would retrace 50% to 61% of the first drop and we should bounce back somewhere between 1450-1475