DrStool Posted December 23, 2020 Report Share Posted December 23, 2020 I can't remember seeing more crisscrossing channels on an intraday chart. Click to engorge. Of course, shit like that happens when you're 70 fucking years old, so I don't know how significant this is. And I have a sore throat this morning. Is that bullish or bearish? That last uptrend channel on the right. Don't worry, I'm just messin' wit youse. Or not really. The 5 day cycle projection is still 3750-55. But that's based on that Monday morning fake news panic selloff about the Teenage Mutant Ninja Virus, which is 10 times worse than the parent, who is breaking bad enough. At this point, I don't think it matters. Because one thing I know for sure. We're all gonna die. Meanwhile, let's trade! And if I don't see you tomorrow, have the best holiday you possibly can. But do not hug your grandchildren. In fact, don't even let them near you. Remember! Life is all in the mind. It's the only thing you control, so make the best of it. In that spirit, I offer you the traditional greeting of Christmas. L'chaim! Link to comment Share on other sites More sharing options...
DrStool Posted December 23, 2020 Author Report Share Posted December 23, 2020 Gold Mining Picks Are Swinging Look Out Bears, We May Be Headed for Excess QE Charts Show Market Set Up For Santa Claus Rally and Rockin’ New Year Link to comment Share on other sites More sharing options...
DrStool Posted December 23, 2020 Author Report Share Posted December 23, 2020 Two resistance levels to watch here in the pre-market-- 3688 and 3697 Link to comment Share on other sites More sharing options...
DrStool Posted December 23, 2020 Author Report Share Posted December 23, 2020 Ho Ho Ho Link to comment Share on other sites More sharing options...
DrStool Posted December 23, 2020 Author Report Share Posted December 23, 2020 10 Year Yield surging along with stock prices. Link to comment Share on other sites More sharing options...
SiP Posted December 23, 2020 Report Share Posted December 23, 2020 I've read many 2021 outlook from investment banks and economists and all of them are almost the same: 1. H2 is better than H1 2. CBs will prefer lower rates for longer, even if inflation pick up. 3. Equities and commodities is the space to be. Forget about bonds. Couple of IBs even said that its a "decade of equity" since DM need to get rid of covid19 debt. So, just buy with every dip, some commodities, some equities and you are good to go. Link to comment Share on other sites More sharing options...
SiP Posted December 23, 2020 Report Share Posted December 23, 2020 and US eq. should stop outperforming others. So we have a consensus. Now, the Q is what could go wrong having in mind current put/call ratio, panic buying etc. Most of IBs are sayin - 4000 SPX in 21, and 4700 in 22. Link to comment Share on other sites More sharing options...
DrStool Posted December 23, 2020 Author Report Share Posted December 23, 2020 Looks a little double toppy there, don't ya think? Link to comment Share on other sites More sharing options...
DrStool Posted December 23, 2020 Author Report Share Posted December 23, 2020 Link to comment Share on other sites More sharing options...
DrStool Posted December 23, 2020 Author Report Share Posted December 23, 2020 2-3 day cycle projection 3710. Link to comment Share on other sites More sharing options...
DrStool Posted December 23, 2020 Author Report Share Posted December 23, 2020 And counting. Link to comment Share on other sites More sharing options...
DrStool Posted December 23, 2020 Author Report Share Posted December 23, 2020 Now looks 3720-25ish. Link to comment Share on other sites More sharing options...
DrStool Posted December 23, 2020 Author Report Share Posted December 23, 2020 Is that a trend break after a false breakout? Why, yes. Yes, I think so. Link to comment Share on other sites More sharing options...
DrStool Posted December 23, 2020 Author Report Share Posted December 23, 2020 Well, that was fun! If I don't see you tomorrow, have the best possible holiday under the circumstances. Most important, stay safe and stay alive for 2025! I know, I know, but I wanted something that rhymed! 😄 Ciao! Link to comment Share on other sites More sharing options...
Jimi Posted December 24, 2020 Report Share Posted December 24, 2020 What's to prevent Trump from issuing a general pardon covering all Federal prisoners? Answer: nothing. Link to comment Share on other sites More sharing options...
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