marathon99

marathon99 Updated 

Why long? Gold going up even when SPX is going up? Why is that? Look at what Fed is doing driving yields down. Two types of Fed pumping: bond buying and Fed Repo. Bond Buying driving yields down forcing investors to chase assets for positive yields across the board, stocks, including Gold. See here Fed announced bond buying Oct 2019 www.flickr.com All...

marathon99 Updated 

I'm long Nasdaq and Rut from near market bottom and been nice ride up for a month. I'm using SPX for this chart as most use this as a guide. Why am I long? Reasons below. You can see the V shape recovery in market. 21 MA crossing the 50 MA is bullish signal. Fed PPT stepped in at Nasdaq 200 MA. All weekly indexes 200 MA broke through and Nasdaq 200 weekly MA...

marathon99 Updated 

This is basically same chart I showed previously, but I'm long oil with multiple buys in 49 range as I mentioned in that previous chart. Basically the keyword is peaked and lot of reports out of China the virus has peaked. With all the Fed pumping I noted in previous chart with links to information about it, indexes going higher will pull oil up along for the ride...

marathon99 Updated 

Oil looks like found a bottom and is supporting the market. Oil cut productions in the works. China today is allowing people back to work. Virus in the past eventually contained and markets go higher, see here: www.flickr.com Fed is pumping like crazy - Don't fight the Fed! Currently two kinds of Fed pumping: Fed buying bonds suppressing rates Fed...

marathon99 Updated 

If sell off intensifies on Monday, I will be shorting SPX. I had been long Spx from Oct Low when Dow crossed 200 MA, and now will be considering selling longs. Something important to note and that is crude oil. As you can see as SPX continued higher, so did crude oil. This was my mistake not heeding it's warning, thinking it will continue up with SPX when it...

marathon99

I'm still long SPX from Oct low Dow 200 MA SPX 2924. Reason for going long? Simple, you can't fight the FED. Yes there was the interest rate cut, but the real driver is FED REPO since Sept 2019 at insane record levels not seen since 2008 crisis see here: www.flickr.com So we go higher till Fed Repo stops, and their website shows ending at end of this January....

marathon99

As you can see for most part of 2019 Bitcoin acted like Gold. During recent middle east conflict with Iran bitcoin jumped up. It's a hedge like Gold. Bitcoin is a long term play, and will moon someday.

marathon99 Updated 

Here I am looking at Gold with yields, specifically 10 year bond yields comparison in 2019. Look at 10 Year bond yield at right near it's bottom coincide with Gold's Top on left chart. What is going on? As bond yields being driven down by world's central banks with interest rate cuts, including Fed in USA, all these investors are looking for a place to go to seek...

marathon99

It was profit taking day for Market Makers (MM). As I noted in my previous publish on SPX that this would occur in January, but it came sooner than I thought. Is the selloff over? I don't know. For now we have support at SPX 3222 and next line of support is 3200, plus Dow Gap acted as support today. Somewhere the MM will buy and we go higher. I trimmed my longs as...

marathon99

Gold still likes that upper channel from 1160 Low as support. The support had held nicely since last June of Gold's breakout and continues as support. What does this mean? This is strong support, so Gold is bullish unless we break this multi-month support from last year.

marathon99

We have only a few trading days left in this year. Expect window dressing as end of year bonuses of CEOs and bigwigs in Corporate America get their Big Fat bonus checks based on stock share price. I have been thinking about this today of high risk of selloff sometime in first couple weeks of January. I just know how money managers think, and they will make up some...

marathon99

As I predicted, Bulls took control and pushed back up into channel from October lows. Fed cut rates is a factor yes, but the main big factor is record Repo pumping of 100 + billion a day. Congratulation Bulls!

marathon99

The bears had multiple chances to drive SPX down, but failed. As I write SPX 3194.6 is barely touching the lower channel from October low where I longed when Dow reached 200 MA, SPX 2924. Reason to go long is Fed pumping with rate cuts and the big one is Fed Repo since September at huge levels. Either it breaks down from here, but reasons I stated more likely...

marathon99

I haven't updated my gold chart for long while. Trend is your friend. Just happen to notice today gold likes upper trend line from 1173 channel low as support. Nice Algos so far :--)

marathon99

Probably more support levels, but these are ones I see. Amazing to see how it reacts to fibs and support levels.

marathon99

Gold triangles, or pennants, are working out nicely. Same with latest Silver formation. I really like Silver's bullish flags at lower price, and Gold with it's triangle at lower price was a big move. Next week will be interesting.

marathon99

Red is Fib numbers from low 1046.54 to high 1920.54. Also I have trend lines on this weekly chart. I'm bullish on Gold . My biggest position is 1275, with minor positions lower. I believe trend is up, with key resistance broken around 1363 for last 6 years. Short term 1400 key support to watch, also 1380. Long term Key area to watch is 1483.74 which is .5 fib...

marathon99

Bitcoin BTC Support and resistance with Fib numbers. Red on left is fib numbers from low 5920 to high 19666. Purple on right is fib numbers from low 3122.28 to high 19666. Blue is support and resistance I see thus far, probably more but I think these are important numbers. I am long from BTC from 6K, my second buy. First buy I sold at 17K. I'm long. Good luck all.