5 replies to this topic

[CLK]

The downside has proven corrective. 

 

Edited by CLK, 06 August 2017 - 06:55 PM.

[da_cheif]

hind site is allways 20/20 eh?

[Charvo]

EEM still is looking pretty strong which usually means a lot of liquidity is sloshing around.  This definitely underpins the US stock markets.  With that being said, I'm paying close attention to the treasury yields.  Today the yields are down which is good for the QQQ and EEM.  However, gold is not up.  Also, financials are down for the day but not that bad.  I think there might be a reversal in the yields back up tomorrow.  I'm long the XLF in anticipation of yields bouncing.

[CLK]

SPY daily MACD backtested the negative crossover yesterday, so I expect that was it on the upside

and today should see some better selling, most likely 10-20 points.

Edited by CLK, 08 August 2017 - 07:07 AM.

[CLK]

Missed this one, need to buy two weeks time for puts from now on, as tops take longer.

[da_cheif]

if ur long u wont miss something much better

 

Missed this one, need to buy two weeks time for puts from now on, as tops take longer.