147 replies to this topic

[dTraderB]

EXTREMELY LOW! still below -300

Not necessarily contrarian, or an BOTTOM, but reversals - even if ST - start in this zone

 

[dTraderB]

More here, at the extreme .. but crashes also occur at extreme bearishness...

 

https://www.marketin...llan-oscillator

 

EXTREMELY LOW! still below -300

Not necessarily contrarian, or an BOTTOM, but reversals - even if ST - start in this zone

 

[dTraderB]

Gave up trading GOLD long ago... but this is interesting:

 

Sprott Physical Gold Trust As A Sentiment Tool

 

 

On Tuesday, Aug. 30, the discount below NAV was -1.96%, which is a pretty big negative reading. It is not the biggest ever, but it is a reading that is consistent with meaningful bottoms for gold prices.  A big negative spread comes about when owners of these shares think gold is headed lower, and they get motivated to sell, so they will accept a price well below the NAV.  The message is that “the crowd” thinks gold prices are going lower, and they are willing to take a big haircut just to have the privilege of getting out of these shares.  That is a sign that sentiment toward gold is pretty washed out, befitting a bottoming condition for gold prices.

You can track this data yourself at https://stockcharts..../ui?s=!PHYSPREM.

Tom McClellan
Editor, The McClellan Market Report

https://www.mcoscill...sentiment_tool/

[dTraderB]

Not as bearish as last week... looks like a ST bounce but the global situation does not suggest such...

 

@hmeisler

 

 

Saturday Poll. The next 100 points for the S&P?

•  

  UP

  46.3%
•  

  DOWN

  53.7%

4,981 votes·Final results

[dTraderB]

Callum Thomas

 

@Callum_Thomas

·

11h

 

Global shipping sector relative performance rolling over again, at risk of breaking down -- should expect this sector to underperform in the context of a weakening global economy

Another interesting macro-market chart, industrial metals taking another leg down... again this is consistent with all the soft data that shows weakening demand across much of the world.

 

 

[dTraderB]

BEARISH

 

 

 

 

 

 

 

Callum Thomas

 

@Callum_Thomas

·

Sep 3

 

Your equities view/positioning is (primary reason in brackets):

•  

  Bullish (Fundamentals)

  16.1%
•  

  Bullish (Technicals)

  11.6%
•  

  Bearish (Fundamentals)

  56%
•  

  Bearish (Technicals)

  16.3%

1,194 votes·Final results

 

 

 

 

 

Callum Thomas

 

@Callum_Thomas

·

Sep 3

 

Your equities view/positioning is (primary reason in brackets):

•  

  Bullish (Fundamentals)

  16.1%
•  

  Bullish (Technicals)

  11.6%
•  

  Bearish (Fundamentals)

  56%
•  

  Bearish (Technicals)

  16.3%

1,194 votes·Final results

[dTraderB]

Looks as if TLT will make new lows -- waiting patiently for that to ADD -- big position - to existing TLT CALLs

 

Callum Thomas

 

@Callum_Thomas

·

Sep 3

 

Your *bonds* view/positioning is (primary reason in brackets): [Bearish = rising yields] [Bullish = falling yields]

•  

  Bullish (Fundamentals)

  27.5%
•  

  Bullish (Technicals)

  11%
•  

  Bearish (Fundamentals)

  51.2%
•  

  Bearish (Technicals)

  10.3%

852 votes·Final results

[K Wave]

 

Looks as if TLT will make new lows -- waiting patiently for that to ADD -- big position - to existing TLT CALLs

 

 

First sign that 2 year may be done?

 

Historically, once the inversion starts to come off, Stock Indexes do not do well....

 

[K Wave]

1 year super duper extended, and looking like it could be ripe as well...

 

[K Wave]

Did BTC just fumble it's last attempt at 20K??

 

watchin' real close now for a breach of 19700

Edited by K Wave, 05 September 2022 - 10:22 PM.