Posts Tagged ‘market thoughts and analysis’

SPY Intraday Sept 25 Shows Triangle and Mega Divergence

[Note: Adam at Market Club just sent out this new video on Crude, Trend Lines, and the Fibonacci retracement tool.]

Now, Binve brings us another "massive chart dump" and he’s not kidding. Here’s all you want to know about charts leading into next week’s trading. - Ilene

Another Massive Chart Dump / P2 Analysis Wrap-Up

Courtesy of Binve at Market Thoughts and Analysis

I wrote the first iteration of this post here (A Massive Chart Dump – P2 Analysis Wrap-Up) on Aug 29. There are three main reasons why I wrote that post at that time, saying that the end of P2 [end of the up trend] would be soon:

1) There was a 5 wave count up from the Aug 18 low that could possibly have served as a C wave to finish P2 (obviously it didn’t)
2) There was a possible ending diagonal setup, identified here: So the Diagonal Walks Up to the Two and Says…,
3) Our first born child was due any day (was actually born on Sept 3) and I knew I would not have time to watch the market anytime around then. So I figured I might as well write a post calling for the top soon, because I might not get a chance while it was actually happening :) . LOL!

Well, as we all know, Mr. Market does not do anything obviously. And since then we had a big pullback, then a big rally, then a dramatic and confusing spike with a large pullback. … which brings us to now.

So what is up?

That is what I will explore in this post. I will most assuredly not be getting this 100% right. But in the past few weeks we have received a few glimpses of what Mr. Market’s intentions may be. And I will give my interpretation. Hopefully it is useful, or at the very least, an entertaining read.

… On to the analysis!

…. And by "Chart Dump", I don’t mean all these charts belong in the toilet.

I wish Primary 2 was done, I *want* Primary 2 to be done. Why? Several reasons. Mainly because this rally is "fake". It is a countertrend rally in a overall secular bear market. And countertrend rallies are fine. In fact, they can be fun! Traders can make money…
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ValueWalk

Peter Lynch Top 5 Keys

By joniferdingcong. Originally published at ValueWalk.

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Zero Hedge

Assange Hits Back At The Intercept - Claims "Obsessive And Obscenity-Laden" Campaign Against Him

Courtesy of ZeroHedge. View original post here.

Julian Assange hit back at The Intercept over a February 14 article claiming he backed Donald Trump's presidential campaign in leaked group chats from a disgruntled former WikiLeaks associate who set up the chat room. 

[I]n the fall of 2015, Trump was polling at less than 30 percent among Republican voters, neck-and-neck with neurosurgeon Ben Carson, and Assange spoke freely about why WikiLeaks wanted Clinton and the Democrats to lose the election.

We believe it would be much better for GOP...



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Phil's Favorites

Russian interventions in other people's elections: A brief history

 

Russian interventions in other people's elections: A brief history

Demonstrators against Russian military actions in Ukraine rally in New York, March 2, 2014. AP Photo/John Minchillo

Courtesy of Eric Lohr, American University

U.S. Special counsel Robert Mueller on Feb. 16 indicted Russian individuals and entities for interference in the U.S. presidential election.

This is not a one-off act of Russian interference. In the previous nine years, Russia has invaded its ne...



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Insider Scoop

Walmart, Target Are Susquehanna's Top Picks Ahead Of Retail Earnings Season

Courtesy of Benzinga.

Related WMT Upcoming Earnings: Hurricane Effects Still Trickling Through For Home Depot? Did Walmart Meet It...

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Chart School

Rallies Continue But Still Considered Relief Bounces

Courtesy of Declan.

The bounces playing out for markets still have the look of relief bounces - at least until technicals confirm net bullishness.

However,  long opportunities present themselves. For the S&P, price action looks to be confirming a double bottom which should be enough to see a challenge of 2,873. Today's volume was lighter which suggests the rally from here will be a struggle but 'climbing the wall of worry' will suit bulls at this point.


The Nasdaq played out a similar move to the S&...

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Digital Currencies

Bitcoin Volatility Sparks Surge In Crypto Hedge Funds

Courtesy of ZeroHedge. View original post here.

Despite Bitcoin being down 30% in 2018, new data shows a the number of hedge funds focused on cryptocurrency trading has doubled in recent months, seemingly confirming Mike Novogratz (and others) forecast that rising institutional interest would spark the next leg higher.

It's not been a pretty year for cryptos so far...

But ...



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Biotech

What is 'right to try,' and could it help?

Reminder: Pharmboy is available to chat with Members, comments are found below each post.

 

What is 'right to try,' and could it help?

In this March 18, 2011 photo, Cassidy Hempel waved at hospital staff as she was being treated for a rare disorder. Her mother Chris, left, fought to gain permission for an experimental drug. AP Photo/Marcio Jose Sanchez

Morten Wendelbo, Texas A&M University and Timothy Callaghan, ...



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Mapping The Market

The tricks propagandists use to beat science

Via Jean-Luc

How propagandist beat science – they did it for the tobacco industry and now it's in favor of the energy companies:

The tricks propagandists use to beat science

The original tobacco strategy involved several lines of attack. One of these was to fund research that supported the industry and then publish only the results that fit the required narrative. “For instance, in 1954 the TIRC distributed a pamphlet entitled ‘A Scientific Perspective on the Cigarette Controversy’ to nearly 200,000 doctors, journalists, and policy-makers, in which they emphasized favorable research and questioned results supporting the contrary view,” say Weatherall and co, who call this approach biased production.

A second approach promoted independent research that happened to support ...



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Members' Corner

An Interview with David Brin

Our guest David Brin is an astrophysicist, technology consultant, and best-selling author who speaks, writes, and advises on a range of topics including national defense, creativity, and space exploration. He is also a well-known and influential futurist (one of four “World's Best Futurists,” according to The Urban Developer), and it is his ideas on the future, specifically the future of civilization, that I hope to learn about here.   

Ilene: David, you base many of your predictions of the future on a theory of historica...



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OpTrader

Swing trading portfolio - week of September 11th, 2017

Reminder: OpTrader is available to chat with Members, comments are found below each post.

 

This post is for all our live virtual trade ideas and daily comments. Please click on "comments" below to follow our live discussion. All of our current  trades are listed in the spreadsheet below, with entry price (1/2 in and All in), and exit prices (1/3 out, 2/3 out, and All out).

We also indicate our stop, which is most of the time the "5 day moving average". All trades, unless indicated, are front-month ATM options. 

Please feel free to participate in the discussion and ask any questions you might have about this virtual portfolio, by clicking on the "comments" link right below.

To learn more about the swing trading virtual portfolio (strategy, performance, FAQ, etc.), please click here ...



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Promotions

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Kimble Charting Solutions

Brazil; Waterfall in prices starting? Impact U.S.?

Courtesy of Chris Kimble.

Below looks at the Brazil ETF (EWZ) over the last decade. The rally over the past year has it facing a critical level, from a Power of the Pattern perspective.

CLICK ON CHART TO ENLARGE

EWZ is facing dual resistance at (1), while in a 9-year down trend of lower highs and lower lows. The counter trend rally over the past 17-months has it testing key falling resistance. Did the counter trend reflation rally just end at dual resistance???

If EWZ b...



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All About Trends

Mid-Day Update

Reminder: Harlan is available to chat with Members, comments are found below each post.

Click here for the full report.




To learn more, sign up for David's free newsletter and receive the free report from All About Trends - "How To Outperform 90% Of Wall Street With Just $500 A Week." Tell David PSW sent you. - Ilene...

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About Phil:

Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

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About Ilene:

Ilene is editor and affiliate program coordinator for PSW. She manages the site market shadows, archives, more. Contact Ilene to learn about our affiliate and content sharing programs.

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