MONDAY NITE JULY 25TH
Why people keep saying if debt talk makes progress, gold and silver will drop? My thinking is more debt = lower rate and USD = inflation fear and higher gold price… just my 2 cents.
gold does go higher, it goes the ratio of $250 billion M3 Money supply a year higher, which equates to $125 a year. or $1776 end of the year.
NDX, i still have a resistance signal at 2431—i guess the trading robots are stuck just below that. sort of like R-99.99 on oil
MONDAY MID MORNING JULY 25
9:45 Even though the market pulled back early this morning, and came back positive, i’m still left with short the indexes signals, at this mid morning high.
however, i don’t have as favorable a VIX reading, as I did yesterday, to support another down trend day/ opening
10:00—i think the intraday high is in.
SUNDAY LATE AFTERNOON JULY 24
Speaking of oil…
Dominoes Pizza reports Tuesday, along with some truly heavy wieght spx 500 companies.
i wouldn’t short XLE if i was ME. monday, AH or tuesday pre-market, or tuesday AH.
pre market wed, COP reports, I sure don’t want to be holding any puts on this one, at its current, such ridiculously low prices, should help HFC,VLO
oil futures, again, just can’t get above $100. don’t know why.
here’s my next move, i’m putting all oil bulls on ignore:)
dow futures, just smashed thru my DIA 125.2 support—different game is afoot.
switching out of DIA to spx—1323 is the support, or even worser*…qqq 58.3 could be the go long the index signal, for intraday
i doubt ANYONE will get much more down than spx 1323—1/3rd of the sp500 report this week—
more up coming. imo, still though, the situation is volatile.
bears won’t have long to celebrate. next week another 1/3 of the spx 500 report.
you see what 1/3 spx last weeks, earnings have already done to them. i’ll be long qqq at 58.3
SATURDAY NIGHT JULY 23RD
i got a feeling a lot of longs are going to get their hats handed to them on Monday. U should see the overnight signals i have on my SPX overnight charts.
It says DOWN, bigtime, coming within 48 hours.
I teach you how to recognize the signals in my membership site. no way am i going to post this info in public. anyway, not fair to the current members.
DIA has strong support at 125.2 on the overnight chart, and the 5 month chart.—
and CVX,IBM,KFT,KO,MCD,MSFT,UTX, have already sported new higher 5 month highs, especially IBM,MCD…
which supports the DIA reaching a newer 5 month higher high…
use search box DIA, to see 131 target
MGM double top short.
MGM follow up, oops, LVS reports tuesday. if good, i’d short LVS 50-52.
and, i will probably get stopped out of MGM short.
silly market. they like to price BBY where i can buy it again.
this looks to simple. that’s the way i like it.
TSCO,FFIV,QCOM,STX, all down 7% in AH