A glance at TLT & JNK reveal the market is running to the “safety” of Treasuries. Be patriotic, short junk bonds, buy Treasury debt, and pay capital gains. As a incredibly paranoid and admittedly stoned lover of arcane conspiracies, I’m beginning to interpret the rise in Treasuries as an increase in the premium to hedge…
If this market wants to rally, it sure has a strange way of showing it. Nothing seems to be making any significant ground in the SPX. At best, there are an increasing amount of stocks above their 50dma. Maybe a little relative strength in the Utilities. In a bear market you make more money shorting…
Some unusual survivors of the recent lows. For the Salmon Investor (the ones who are always swimming up stream), the high volume accumulation makes this an interesting long term buy. Massive short position and recent low make this high risk, but there may be a worthy squeeze. Diminishing volume suggests a shorting opportunity for this…
The S&P500 looks terrible… Really terrible… Invest with caution… Until some X’s get printed on these charts, it’s time to be short short short.
Perhaps the disclosure of my miserable trading was the catharsis necessary to turn this shit around. I covered my QQQQ short’s ~30, and I’m holding some long @ 29.85. Good volume coming in, upside target, lol, just hit it at 30.72, and sold for a solid 2% move. This shit is fucking crazy. Maybe it’s…
After losing ~4% of my equity in various long plays, I called it quits on Monday after the QQQQ’s breached 30.50 and went back into cash, the dollar (UUP) and some shorts. This market felt too heavy to rally, and time is working against it as GS and MS sag lower and lower, potentially sparking…
I’ve been doing more tinkering with stockchart.com’s free P&F charts. I like Point and Figure over Candlesticks because price can be scaled to Average True Range, which helps expedient trend recognition. If you aren’t familiar with ATR, look it up and read something by Van Tharp. Aside from charting, Average True Range is a statistical…
ONNN, DTG
ABK, FMD, JBL… http://www.tradingwithtk.com
This is a Monthly view of the NYSE New Highs-New Lows since 1999 Daily View Notice that the oscillator rarely trades above 0 during bear markets. ~2% of the NYSE is trading above the 200DMA, less than 40% is no good for investors.