SiP Posted January 28, 2023 Report Share Posted January 28, 2023 Russell 2000 Link to comment Share on other sites More sharing options...
SiP Posted January 28, 2023 Report Share Posted January 28, 2023 VIX monthly Link to comment Share on other sites More sharing options...
SiP Posted January 29, 2023 Report Share Posted January 29, 2023 Nice bears porn Move up, agree to debt ceiling + QT + Recession Link to comment Share on other sites More sharing options...
The CoinGuy Posted January 29, 2023 Report Share Posted January 29, 2023 A few comments on the markets and the metals... I spent a few hours Friday evening perusing through my charts. I feel quite comfortable in my positioning here. Above 4031 I started taking on a little water. Above 4100(on Volume), I will have to start scaling out of my positions and awaiting a better entry. If we do get a turn here...I’ll wait until I receive confirmation and probably toss a couple of more Frigates in the water, maybe even a Destroyer. At these turns you’re either spot on...or dead wrong. I’ve made the comment that I believe we’re barreling over a cliff into what will be viewed “shortly” as another Lehman style event...and that should complete the first leg down(of 5) of a crash...just as in 2008. So...what will change my mind? Only price action... Price action is precisely why I never argue about positioning…the market is the final arbiter, I’d prefer to just let the market do the talking. If you follow this rule...there is never a need to defend yourself...or your position. With that said. The pattern that helped me nail the 2022 highs in January, March, and August breaks above 4300 and I’ll be forced to change my tune – permanently. Every point above 4100…I’ll be viewing with suspicion. Remember the rule for turns. Be from Missouri. Make them show you the Volume and wait for confirmation. One day does not a new trend make... The metals? This lead up to the February 1st Fed Meeting is reminding me of the Spike in silver in 2021... SLV as far as I can tell has already rolled over, the GLD...well, the probe above 180 didn’t hold and the ^HUI is having trouble at 260...I think they’re both tired. Not to mention...I’m following along a pattern of behavior that has repeatedly been spot on for both issues...and I’m quite certain it’s not going to walk away from the pattern. Although...we shall see...and soon. In all markets...I expect everything to be resolved shortly after the Fed meeting this week. Major changes are afoot is my call and I’d imagine it will all be sorted by the close on Friday. If I’m wrong...I’ll speak up quickly. In closing...I will have more on this topic later, but as of now...I think it is worth mentioning that the strong advance of the GLD off it’s November 3rd bottom and the low in the ^HUI from September 26th change the dynamic of the pattern that I’ve been following. Essentially, just another variant in the same pattern but it does “bode well for where I do believe the low in Gold will be.” My full thoughts on the ^HUI. I know many believe the lows are already in. I’m sorry...I’m afraid I don’t see it that way. The ^HUI, if it has rolled(or rolls shortly) will head directly to new lows to drive this point home. I’d like to see 150 hold. For now. Please feel free to quote me on this next sentence. “After 150 holds, I expect a strong rally(even back to 260 is not out of the question.). Once this rally fails...and it will fail hard. The precious metals will collapse into a free fall.” As I’ve been stating since the peak back in 2011...I’d like to see the 2002 gap in the ^HUI from 76-80 filled...and when it is filled...I will call the bear market in gold & silver complete. Not a moment before. “At 130 in the GLD...I’ll have more to say.” All of this will transpire in 2023. Best Regards, The CoinGuy oh...and... No charts for now. One thing I wish I had more of right now is....Time. Link to comment Share on other sites More sharing options...
The CoinGuy Posted January 29, 2023 Report Share Posted January 29, 2023 SiP's Bear Porn chart inspired me to draw a quick and dirty comparison of my own. I wish there was more, but I'm really short on time right now...I'm trying to do six things at once and I'm watching my health as well. The market should tip its hand this week on all fronts...will try to stop in by Friday and see where everyone is at. SiP. Appreciate the charts you've been posting. Best, TCG Link to comment Share on other sites More sharing options...
SiP Posted January 29, 2023 Report Share Posted January 29, 2023 Wall Street banks including JPMorgan and Goldman Sachs are warning that Washington is heading for the riskiest debt ceiling confrontation since 2011, when the US lost its risk-free credit rating. The fight over the debt ceiling could be the most important issue facing the US economy in 2023, according to a JPMorgan note to clients on Friday. Congress has had many tussles over the lifting of its borrowing limit in recent years and has never defaulted on its debt. But given the particularly fractious state of the legislative body, a deal to stop the world’s biggest economy from defaulting on its debt may be harder to seal this time, said JPMorgan’s chief US economist Michael Feroli.Wall Street banks including JPMorgan and Goldman Sachs are warning that Washington is heading for the riskiest debt ceiling confrontation since 2011, when the US lost its risk-free credit rating. The fight over the debt ceiling could be the most important issue facing the US economy in 2023, according to a JPMorgan note to clients on Friday. Congress has had many tussles over the lifting of its borrowing limit in recent years and has never defaulted on its debt. But given the particularly fractious state of the legislative body, a deal to stop the world’s biggest economy from defaulting on its debt may be harder to seal this time, said JPMorgan’s chief US economist Michael Feroli. https://worldnewsera.com/news/finance/stock-market/wall-street-warns-of-riskiest-us-debt-limit-showdown-since-2011/ Link to comment Share on other sites More sharing options...
fxfox Posted January 29, 2023 Report Share Posted January 29, 2023 Few mins before announcement of the FED on Wed: SPX will be exaxtly at the downtrenline and Bitcoin exaxtly at monster resistance 24500/25000 Link to comment Share on other sites More sharing options...
The CoinGuy Posted January 29, 2023 Report Share Posted January 29, 2023 I spent many posts dedicated to turns in the market. I repeatedly mentioned there's no reason to be in a rush...to get greedy and try to squeeze a full 100% out of a decline. "Just the chunk in the middle" is enough for anyone. I've always advocated being cautious, wait for confirmation...and make sure that the volume is there to confirm. Then why the hell would I attempt to scale into positions in a front run operation before a turn in the market? Does that make sense? Is that something you'd associate with The CoinGuy? I have one exception to my rule. The possibility of "Event risk". This. is why I'm doing what I'm doing. I'll add another quick and dirty chart...this time with the SPX and Russia! Russia! Russia! For those who have been with me from the beginning. Look over this chart...then look up how many days there are between the two dated peaks I've outlined. Yes..this is a perfect pattern match. Although, always remember...the longer the pattern takes to completion...the more detail given. Mull this over for a good long while. I plan on expounding on this over and over and over...until the reality of it sets in. The SPX will see 2,24(x). Until Friday... TCG Link to comment Share on other sites More sharing options...
fxfox Posted January 29, 2023 Report Share Posted January 29, 2023 TCG, which stocks are up most in Jan? Those which had highest short interest and cost to borrow. Also many ones which are beloved by „retail“ like Tesla, Coinbase, Shopify and such. Fear/Greed already almost at extremes. One has to buy low, not try to chase the herd. Only under QE regime one can buy high and sell higher. Link to comment Share on other sites More sharing options...
fxfox Posted January 29, 2023 Report Share Posted January 29, 2023 Just watching the pre-game stuff. Seems like Philly is quite passionate with their Eagles, the whole city is green and white and „go birds!“ signs everywhere. Quite cool! But why in hell did the Eagles change their colour? That is not green, that is petrol! 🤯 Link to comment Share on other sites More sharing options...
DrStool Posted January 29, 2023 Author Report Share Posted January 29, 2023 THE PHILADELPHIA IGGLES ARE GOING TO THE SUPER BOWL! Link to comment Share on other sites More sharing options...
fxfox Posted January 29, 2023 Report Share Posted January 29, 2023 Flyyyy Eagles flyyyyy!!! 😎🥳 I feel hooligan potential among Philly fans 😂 If there would be more real derbies in the US boy oh boy there would be wild clashes every weekend 😂 Link to comment Share on other sites More sharing options...
MisFit Kid Posted January 30, 2023 Report Share Posted January 30, 2023 The "Boba Fett" Stock Matker/ Universe....? Sheit Link to comment Share on other sites More sharing options...
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