The stock market and associated bullish sentiment has ramped up to historical levels (f&g sat between 94-97 this week and p/c ratio from 0.4-0.6). However, those that monitor this VIX beast may have noticed that it has silently taken to the skies since late 2019 and is perhaps preparing for the greatest strike yet. From a technical perspective, we are ascending...
This one I'm mainly posting for myself to keep a record in the space time continuum of a trade I've already made. Basically, a challenge for myself... I see lots of chatter about the astronomic rise in FCEL over the past couple months as "overbought". Those that have been following my work will know that I am currently mostly a bear, but I decided to be...
Well, the market bulls finally did it... They breeched the financial sector's 2007 ATH at 30.97. In my opinion, this means the most rapid bear market scenario has been eliminated as we can no longer label the high as a 'C' wave from the 2008 bottom. Furthermore, the rise from those lows should now form a 5 wave impulse, which does not look complete yet. That...
Ahoy mates! Looks like we have early signs of a breakout on gusting winds. The treasure may still be ours to discover if we can continue sailing in strength! First target is a break of the prior highs toward the 20 region. Then, reassess to see if it becomes a subdivided third wave or something else. Always keep in mind that the officials are still close...
I believe market is at a breaking point. It should either make the decision to melt up in a moon shot or fall off the cliff soon, with either event far exceeding the average population's expectations. I will boldly continue standing narrowly on the bearish side, although it could easily go either way. Why? Technical indicators still suggest to me that a...
I'm shaking my head in disbelief day after day. This bull market continues to defy gravity. Today, the NYA broke ATHs and this critical financial sector that I have shouted about time and time again is closer than ever to exceeding the 2007 ATHs. Crossing this high may completely change the game, igniting a super bull breakout condition in the process. The...
The NYA broke through ATHs today, essentially eliminating the most bearish of possibilities imho. As long as the XLF still remains under it's 2007 ATH there is still a *very slim* chance that these possibilities exist. However, my guess is we will gap right through that top tomorrow morning. There remains one bearish count in which we will complete a large...
Given last week's 5 wave rise and today's action, the closest resembling pattern over the last two years would be the days leading up to the Feb 2018 mini crash. Therefore, I have my cannons aimed at the two big Xs on the chart with the FED meeting this Wednesday and China trade deal Dec 15 as the two likely catalysts for firing them. Of course, there is always...
Some months ago, I posted about the sudden and dramatic fall of the Argentinian stock market, including one of its largest banks (BMA). Today we look at a stock from the Hong Kong exchange. Artgo is no BMA, but neither was it a speculative IPO. The important thing I am trying to show here is now we are outside of the singular market of Argentina and a stock has...
Today, the NYA *nearly* made a new secondary high and the XLF *succeeded*. (However XLF still has yet to exceed the 2008 ATHs). This suggests we are yet again at a critical juncture where the most bearish considerations could be eliminated within a day; and where a megafold of bullish possibilities could unravel. However... I maintain my primary count as...
I normally do not publish on such small time-scales. However, I really believe we are at a critical juncture. Therefore, if the rectangle I highlighted is indeed a bull trap, then the implications of a devastating cliff drop to follow are very real. Be careful out there!
Looks like I was early again in my assumption that this the VIX phoenix had reawakened a couple weeks ago. However, the spike today must not be ignored. Its energy was tremendous... the phoenix that has been slaughtered by corrupted powers thrice now, but perhaps awakening with a rage and power that represents all the anger of multiple societies deceived. All...
ARGH, ARGH, my friends, it has been a very long a painful wait, but perhaps it is time to revisit the treasures abound in gold and silver. As you can see, there is a shimmer or GREEN on the WEEKLY chart propagated by a spark of ignition on the DAILY. Perhaps there is still hope for the X that marks the spot. However, we must tread very very carefully at first. ...
Clearly, a textbook perfect and powerful 5 waves up has formed on the VIX. Now is the true test. Will it become 10 waves? 15? Or be crushed yet again?
Mirror mirror on the wall? Who is the fairest of them all? NOT THIS CHART. Sudden two day breakdown from perfect channel resistance with incredible RSI strength and spiking volume. Did not make it to previous ATHs. What will the rest of the mirror image look like I wonder? My guess is it will be very red, but we shall see...
My system has signalled extreme danger warning on all indicators as you can see for yourselves. That's all I can say as nobody can predict the future in this manipulated mess of a financial market. All out of long positions.
I honestly don't know. Please tell me if you know the answer.
Both the very important NYA and XLF indices failed to break ATHs and turned down viciously today. With the daily MCO now negative again, embedded within 30-day H.O.+ T.S. signals, there is potential for catastrophic system failure here. In terms of saeculum world view, I'm still convinced we are entering the 4th turning of the globalization phase of humanity. ...