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Just another blow-off top - SHORT THE SUCKER RALLY (not ST)


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#1 dTraderB

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Posted 04 December 2019 - 06:44 PM

Another "good trade news" rally that should be shorted IT or LT but not ST. 

Another great trading day - enjoy it until the holiday doldrums arrive.

 

Free money, QE, buybacks etc but no market can go on forever rallying on non-fundamentals

 

Short it IT and trade the ST trend up or down

 

Bull markets often end with a euphoric rally called a ‘blow-off top.’ We may have just had one

 

https://www.cnbc.com...st-had-one.html



#2 dTraderB

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Posted 04 December 2019 - 06:46 PM

The repo market is ‘broken’ and Fed injections are not a lasting solution, market pros warn

 

https://www.marketwa...4?mod=home-page



#3 dTraderB

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Posted 04 December 2019 - 06:49 PM

Will be up by 5am to do it all over again, will raise SHORT position back over 90% if market rallies tomorrow near to recent ATH or above it



#4 robo

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Posted 04 December 2019 - 07:34 PM

Will be up by 5am to do it all over again, will raise SHORT position back over 90% if market rallies tomorrow near to recent ATH or above it

Here is what I'm doing.....

 

https://www.tsptalk....9933#post629933

 

Good luck on your trades......


“There is only one side to the stock market; and it is not the bull side or the bear side, but the right side”   Jesse L. Livermore


#5 redfoliage2

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Posted 05 December 2019 - 10:12 AM

The bounce looks about finished. Now Time for wave c down to start ........

#6 redfoliage2

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Posted 05 December 2019 - 02:55 PM

But if Spx closes the day above 3120 it means the bounce will continue.....

#7 K Wave

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Posted 06 December 2019 - 07:59 AM

RUT 1600 is the Key.

 

Now that it has been back tested and held, the play is long...

 

If it gets retaken downside sometime soon, then stop out and reverse....

 

Could not be easier at this junction...


Edited by K Wave, 06 December 2019 - 07:59 AM.

What A Beautiful Black Sky


#8 K Wave

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Posted 06 December 2019 - 10:01 AM

And just like that RUT blasts out to fresh highs after the successful back test of the huge breakout at 1600...


What A Beautiful Black Sky


#9 robo

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Posted 06 December 2019 - 01:16 PM

This is by far the worst trading system I have ever tracked in a market like this one.... I have tracked and tried many. Some of these guys have to be paper trading....  A very poor trading system in my opinion.... 

 

Re critical VIX behavior, here is a look back at January 17, 2018, Seven sessions before the final top:

https://twitter.com/...erp|twgr^author

 

Bottom line: The weekly trend remains up! As I always say KISS is the best type of trading system for most.....  No guess work involved.....  I use the 10 DMA on the daily and the 10 week on the weekly with some weekly and daily cycle data.... Yes, I get whipsawed too...... but nothing like I have seen from some of these trading systems that folks are charging you money for...... I use Sentiment trader too and in my opinion it's worth the money.

 

See chart below as the weekly position remains on a hold long positions

 

https://stockcharts....712&a=704155523

 

 

VST trading VXX when I like the setup..... Flat VXF at Vanguard.....

 

Good Trading to all......


Edited by robo, 06 December 2019 - 01:20 PM.

“There is only one side to the stock market; and it is not the bull side or the bear side, but the right side”   Jesse L. Livermore