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Froddy

Froddy

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Froddy said:
Chaps,

The TRIN (an internal market indicator) has closed tonight well below 0.6, at 0.48.

Under normal circumstances (and this is obviously not normal), I'd take this as a high probability indicator that the markets might fall tomorrow.

If you're long any stocks which are directionally correlated to the markets, please be careful. I'm not saying it will happen - just watch out.

No doubt we'll rally tomorrow and you'll wonder what on earth I was on about!!
Click to expand...
TRIN is now at 0.25 and, by my reckoning, that is the lowest level since 2016 (anything below 0.6 is a red flag).

Put:call ratio 10 SMA (simple moving average) is at 0.67 (anything below 0.8 is a red flag).

I'm closing all long positions and going flat …
 
Froddy

Froddy

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Contigo said:
FJET today did me proud, got in at 0.21 and sold at 0.5 and then it rose to 0.8, 350% in a day. Stuff that dreams are made of.
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That is absolutely fantastic! Great to hear ...

I'm at 325% on my BA (Boeing) position and 89% on my SPX (S&P) position (but not in a single day, like you) but it's time to bail!!!
 
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Contigo

Contigo

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Started dabbling in some Forex and getting to grips with it now. Enjoying it, takes time and patience to hit the profits and need to be strict with the use of Stop losses etc..
 
Froddy

Froddy

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Contigo said:
Started dabbling in some Forex and getting to grips with it now. Enjoying it, takes time and patience to hit the profits and need to be strict with the use of Stop losses etc..
Click to expand...
Wow - forex is a totally different discipline - I think it's much harder. I still trade it but it's much more mathematical and can be really intense when the markets aren't trending ...
 
Wattie

Wattie

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Froddy said:
That is absolutely fantastic! Great to hear ...

I'm at 325% on my BA (Boeing) position and 89% on my SPX (S&P) position (but not in a single day, like you) but it's time to bail!!!
Click to expand...
Theres some fab results here but this farce tops them all!

Bankrupt HTZ stock is up 681% in the last 3 days and 1450% from its bankruptcy-announcement lows...

 
Wattie

Wattie

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rockits

rockits

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Just watched The Forecaster about Martin Armstrong.

Well that was an eye opener and enlightening. Well worth a watch. US and govt corruption at its finest it seems.
 
Wattie

Wattie

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Delmonte said:
Buying gold Bullion bars:

Sorry didn’t want to start a new thread just for this, but:

I know plenty of legit places I can buy bullion. I don’t need it insuring or storing (except insurance for delivery) I can do that myself. But just to ensure I’m not paying over the odds, what is the current typical premium over spot price, for buying 1oz bars? Is +10% about right? NB I appreciate buying bigger, gets cheaper per oz.

Thx
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Premiums are down significantly from Mar/Apr so the best advice I can give is simply just shop around to find the best price.
 
Wattie

Wattie

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Wattie

Wattie

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The Fed has created madness.
Robin Hood investors heard about something called FANG stocks and instead of buying the 4 tech megacaps... ended up buying worthless Chinese real estate company FANGDD (ticker DUO).
its stock price went from $10 to $130 in four hours, and pushed its market cap just shy of $4 billion!

 
Froddy

Froddy

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Well, if it seems to good to be true, it probably is. Worth a punt, though, as a cheeky trade working in the background. If S&P falls to 2,800 at the end of next week, wow! Never seen risk:reward ratio like this before - the market has gone mad ...
This is arguably an extremely bullish signal.
71263

SPY,Daily Candlestick chart published by froddy

S&P 500 SPDR Candlestick chart created with TrendSpider
chrt.biz chrt.biz
 
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Wattie

Wattie

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8,640
Froddy said:
Well, if it seems to good to be true, it probably is. Worth a punt, though, as a cheeky trade working in the background. If S&P falls to 2,800 at the end of next week, wow! Never seen risk:reward ratio like this before - the market has gone mad ...
This is arguably an extremely bullish signal.
View attachment 71263

SPY,Daily Candlestick chart published by froddy

S&P 500 SPDR Candlestick chart created with TrendSpider
chrt.biz chrt.biz
Click to expand...
And they’re off........popcorns out!

This shows how morally corrupt the whole financial system has become.

"The Most Absurd Moment In The History Of Capital Markets": Hertz Plans To Sell Up To $1 Billion In New Bankrupt Stock | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com www.zerohedge.com
 
Froddy

Froddy

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Wattie said:
And they’re off........popcorns out!
Click to expand...
Yep, as is inevitable, the hopes and dreams of all those new retail traders have been destroyed in a matter of hours, as they over-leveraged and added to their long positions at the top.

Luckily for us, we knew it was going to happen as the put:call ratio and the TRIN told us so:

I don't know whether there will be a downward continuation or not - this may just be a flush. There's a phenomenon called a "pit bull low" which can happen in the week preceding monthly/quarterly options expiration (next Friday). We'll have to wait and see ...
 
Wattie

Wattie

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Froddy said:
Yep, as is inevitable, the hopes and dreams of all those new retail traders have been destroyed in a matter of hours, as they over-leveraged and added to their long positions at the top.

Luckily for us, we knew it was going to happen as the put:call ratio and the TRIN told us so:

I don't know whether there will be a downward continuation or not - this may just be a flush. There's a phenomenon called a "pit bull low" which can happen in the week preceding monthly/quarterly options expiration (next Friday). We'll have to wait and see ...
Click to expand...
The long term trend is down.
This is a completely artificial market with no connect to the reality on Main Street. It’s gonna need more and more greater fools and more and more liquidity- devaluing everything.
 
Froddy

Froddy

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Wattie said:
The long term trend is down.
This is a completely artificial market with no connect to the reality on Main Street. It’s gonna need more and more greater fools and more and more liquidity- devaluing everything.
Click to expand...
Here's the weekly chart of the S&P. I've marked why I don't think it's clear-cut (technically).

I completely agree with you regarding the artificial market.

Of course, nobody knows what's going to happen, and we can only trade what we see ...
 
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woody1144

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UK GDP figures worse than expected, FTSE rallies to wipe some of the loses from yesterday. Of course...

Made a bit of money at the start of this shambles but no interest in touching the markets now as eventually this has to come crashing down. So strange.
 
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