gurple

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Joined jasonverlander
Markets Allocation
50 % stocks 17 % indices 33 % other
Top Mentioned Symbols
SPY 38% | 5 SPX 15% | 2 UNRATE 7% | 1 SDS 7% | 1
gurple gurple PRO UNRATE, M,
UNRATE: WARNING: Beware of Recession
100 0 1
UNRATE, M
WARNING: Beware of Recession

Whenever the unemployment rate has crossed above the 12 month moving average, almost always a recession has soon followed. Here we are now.

gurple gurple PRO DXY, M,
DXY: Where is the Dollar going?
53 0 1
DXY, M
Where is the Dollar going?

I don't know. But it does seem to be at a major cross roads. I especially like how that long yellow parallel channel and the 38.2% fib retracement line up. In a related USDOLLAR chart I noted a head 'n' shoulders topping pattern. When I went back to look at it again it bounced right off its expected measured move.

gurple gurple PRO SDS, W,
SDS: RSI (14) Divergence in Weekly SDS
17 0 0
SDS, W
RSI (14) Divergence in Weekly SDS

I don't know what it means. Does it mean anything at all? …looking for discussion. Cheers!

gurple gurple PRO SPY, D, Short ,
SPY: Bearish SPY Head 'n' Shoulders Forming
228 4 5
SPY, D Short
Bearish SPY Head 'n' Shoulders Forming

This head and shoulders pattern is almost text book so far in its present development. Volume is up on the advance of the left shoulder and lower on the advance of the head. We're missing that extra warning of the increase in volume on the decline of the head. There is, however, very weak rise in volume on the decline of the right shoulder. Combined with weakening ...

gurple gurple PRO GER30, W, Short ,
GER30: DAX Down to ~8120 then up to ~15500
62 1 1
GER30, W Short
DAX Down to ~8120 then up to ~15500

The GER30 appears to be struggling with downtrend resistance and is due for what seems to be regular ~33% correction. From there I sense its resumption upward to eventually test the 2.618 Fib at 15446.

gurple gurple PRO SPY, D,
SPY: A Bearish Rising Wedge
100 0 1
SPY, D
A Bearish Rising Wedge

I see two wedges of resistance that if can't be overcome could lead to the downward correction. I will be watching the price movement closely and if close below that rising wedge support I will strongly consider going short SPY. Andrew Thrasher at SEE IT Market has highlighted some interesting anecdotal market cycle that has its next significant milestone on May ...

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