9 replies to this topic

[Chilidawgz]

As semi noted GS is looking shaky. Berkshire also looks like it has at least paused.

 

Edited by Chilidawgz, 17 March 2017 - 06:48 PM.

[tradesurfer]

That looks like a monthly hanging man candle which means April should be down

[Rich C]

It is clear we are up against major resistance, but resistance is made to be broken, or rallies fail there.  Which occurs is a function of the overall market, and in this case industry specifics.  With rates rising the banks are expected to expand their net interest margin, which results in better profits for the banks, and it is just starting with Fed normalization.  It should have quite a bit farther to go.  There are a lot of GS boys on the cabinet, that should be good for the banks.  They will probably relax some Dodd/Frank regulations.  This does not sound like a long term top to me.  But that's just my opinion.  At some point we had to get back to this long term resistance.  Will we power through, or fail in a major way?  That answer is not on the chart IMO.

[Charvo]

I didn't expect anti-dollar stuff to rally so strongly after the Fed meeting, but it seems like another cycle of anti-dollar asset buying is anew.  I don't think a decent top comes in unless the EEM weakens considerably.  I thought it was at a pivot point pre-Fed, but it busted up with serious volume.  I am still long QQQs with EEM puts (which got wasted), but I am going to leg into EEM longs on pullbacks.

 

XLF in particular has not had a good week which is generally very positive for stocks and ETFs dependent on rates staying low.  I'm somewhat flabbergasted at the response to the Fed meeting.  XLP is a buy on the dip ETF for me with the dollar weakening.

[da_cheif]

As semi noted GS is looking shaky. Berkshire also looks like it has at least paused.

 

firgidaboudit......this is a once in a lifetime move    ......the epicenter of primary wave 3 up.....few if any make it to the top of k2

[pisces]

Agree on EEM. that 2week bullflag [daily chart] calls for ~42.00 to start with.

[AChartist]

the wreck real estate short etf REK looks like a good buy.

 

I had one pilot position to add to now.

 

Will wait for some general market correction I hope for by late Apr to buy the ROBO.

 

 

the 15 min illegal to work wage reduces payback on a $1M robot from 10 to 6 years and that

 

will be self fulfilling as economies of scale bring the automation prices down with the growth.

 

Remember austrian economics, growth is deflationary, capitalism creates more for less equals lower price,

 

opposite the federali deep state coporations, housing, medical.

 

that is the karmic consequence of unemployable gender confused snowflakes.

[Data]

XLF has a bad quote for the low on Friday.  It's 24.45 and not 22.

[SemiBizz]

XLF has a bad quote for the low on Friday.  It's 24.45 and not 22.

 

Nothing new there, the robots will chase that quote...

 

Just like they did at 1213 on the RUT

 

RUT Tests "Phantom Print" from 12/23/13

 

 

Odds on test of 22.00 on XLF now.

[gannman]

i think this thing has a ways to go but a pullback is probably going to occur soon