DrStool Posted July 19 Report Share Posted July 19 It's like all this guessing about when the next recession will be. Why bother. It's a joke. We don't know when the next recession will be and neither do that. We don't know when and where the top will be either. We can guess, but what's the point. Trade the charts. They have been overwhelmingly flashing buy signals all year, and more so lately. Even when I get a few picks on the short side, they don't work, or only a handful work. Meanwhile, the bulk of the signals remain on the buy side. And they've been working. June was the best month I've had for swing trade picks. I got off to a very rough start in July, but that has completely turned around over the past 10 days. We're off the the races. The beginning of the month was just the dealers shaking the trees and loading up. RIght now, I'm on a train between Luebeck and Schwerin Germany. I really liked Luebeck. Must return some day. In fact, I'm feeling very much at home in Germany. I like the country. I keep seeing my name everywhere. Meanwhile, on the hourly chart of the ES 24 hour S&P futures, we're due for a 3 day cycle high here, but only a half day pullback. The 5 day cycle is still pointing toward a projection of 4575-4590. And being so close to 4600, the magnetic action of round numbers could come into play. That would all ideally be due on Friday. Meanwhile, I need to change trains in a few minutes. I'll be back. For moron the markets, see: Swing Picks Following Gold’s Yellow Brick RoadJuly 18, 2023 Finally, A Few ShortsJuly 17, 2023 Young Bull Growing Stronger July 17, 2023 We’re Not There Yet July 16, 2023 Stocks Are Scraping the Ceiling July 9, 2023 Withholding Tax Rebound Sets Up a Bearish Fed Catch 22 July 6, 2023 Golden 13 Week Cycle Turn and Other Hopeful Signs 7/5/23 July 5, 2023 It’s Not Your Daddy’s Liquidity Anymore July 5, 2023 We Now Know What is Driving the Rally June 20, 2023 The Fed’s Slush Fund is Working June 16, 2023 If you are a new visitor to the Stool, please register and join in! To post your observations and charts, and snide, but good-natured, comments, click here to register. Be sure to respond to the confirmation email which is sent instantly. If not in your inbox, check your spam folder. Lots of new photos for you travel bugs! My travel photo blog Link to comment Share on other sites More sharing options...
DrStool Posted July 19 Author Report Share Posted July 19 Speaks for itself. Link to comment Share on other sites More sharing options...
SiP Posted July 19 Report Share Posted July 19 if you like Luebeck go to Rostock and north-east part of Germany Link to comment Share on other sites More sharing options...
DrStool Posted July 19 Author Report Share Posted July 19 My itinerary is set, unfortunately. I really like Schwerin also. All these towns are in Pomerania. I was in Swinoujscie for 5 days. And I love Gdansk. Plan to return there next summer for extended stay. This is my last high frequency itinerary. Gradually heading west from here. Leipzig, Nuremberg, Rothenberg ob der Tauber, Heidelberg, Mulhouse, Strasbourg, Bonn, Antwerp, Ghent, Lille, and then the small towns of Normandy, etc. 1 Link to comment Share on other sites More sharing options...
DrStool Posted July 19 Author Report Share Posted July 19 5 day cycle projection now 4595. Ridiculous chart. Think that's ridiculous. Check this out. 5 hour bars. Tomorrow, tomorrow, me love you long time, tomorrow, it's only a day away. Link to comment Share on other sites More sharing options...
SiP Posted July 19 Report Share Posted July 19 Tesla and Netflix are reporting today. Apple just mentioned about AI and got 2%. Yesterday ot was Microsoft and got 8%. Tulip AI mania. Link to comment Share on other sites More sharing options...
PullMyFinger Posted July 19 Report Share Posted July 19 1 hour ago, SiP said: Tesla and Netflix are reporting today. Apple just mentioned about AI and got 2%. Yesterday ot was Microsoft and got 8%. Tulip AI mania. I'm old enough to remember when whispering the word "blockchain" was good for a big bump in one's stock price. Link to comment Share on other sites More sharing options...
fxfox Posted July 19 Report Share Posted July 19 Definition of insanity: Carvana Link to comment Share on other sites More sharing options...
fxfox Posted July 19 Report Share Posted July 19 Does anyone here use the Trading View App? If so, why is there no functionality where I can see the constituents of an index, like NDX? Or is there somewhere in the App? I would simply like to scroll thru all the NDX members with my saved chart setup, effs me up that it seems that is not possible 😤😔😢 Link to comment Share on other sites More sharing options...
SiP Posted July 19 Report Share Posted July 19 Im using Polish brokers like XTB, BOS and they dont have this also. You could use free polish website in english which has it - its called stooq.com. Im thinking about movie to Interactive Brokers due to more number of ETFs. Link to comment Share on other sites More sharing options...
fxfox Posted July 19 Report Share Posted July 19 2 minutes ago, SiP said: Im using Polish brokers like XTB, BOS and they dont have this also. You could use free polish website in english which has it - its called stooq.com. Im thinking about movie to Interactive Brokers due to more number of ETFs. Thanks SIP 🙂 Link to comment Share on other sites More sharing options...
SiP Posted July 19 Report Share Posted July 19 here is direct link to apple https://stooq.com/q/a2/?s=aapl.us&i=d&t=c&a=lg&z=219&ft=20190520&l=0&d=1&ch=0&f=1<=57&r=3&o=0 if you go to stooq.com, in the upper left fill in the stock ticker. On the stock page, on the left, click Chart in html5. Then the chart will load, you have all tools like sts, ma, macd etc. Then again on the left you could change the ticker. But you have to click it manually. You cant drill down the nasdaq. Link to comment Share on other sites More sharing options...
SiP Posted July 19 Report Share Posted July 19 Tesla - non event Netflix drop IBM unch or small drop Link to comment Share on other sites More sharing options...
fxfox Posted July 19 Report Share Posted July 19 9 minutes ago, SiP said: Tesla - non event Netflix drop IBM unch or small drop Overall mixed bag, but no catastrophe. This earnings season will AGAIN not disappoint overall. Link to comment Share on other sites More sharing options...
SiP Posted July 19 Report Share Posted July 19 Its Wallstreet game. They lower the forecast, keep informing about the range and that how thy normally beat the consensus. They beat the forecast 80% of the time. I don't think there will be any disaster in the results. The bears will probably be thinking about the September/October period. The key is what the Fed will do with interest rates in the first half of 2024. If they keep them high, they will eventually cause the economy to collapse. Most private equity and CRE funds are trying to pretend that their AUM has not lost value. Many of them can pretend and claim this is true because there are no transactions. The Q is - who will blink first. Link to comment Share on other sites More sharing options...
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