4 replies to this topic

[U.F.O.]

This is ugly if you're long. Sure, I've got some shorts on, but I also have a vested interest in my 401K which is a "big time" long. Is this thing gonna crap out for an extended period? IT, I see $46.125 on QQQQ's as a major puke point. They closed at $46.33. $45.625 as a "sell your children and the ranch" point. Any correction below that could take it down to the $42.00 range. Today, Mortgage Backed Securities did a rarity....they went down 25% more than U.S. Treasuries. It was mega perverted! MBS is my career and there have only been a few times in the last 27 years that I saw a disparity of move like todays. What does that mean? It means that in addition to worldwide concerns about inflation the U.S. housing market is "in default" mode. Prepayment speeds came in last night up 10% to 15% higher than last month's. I think this may be a time bomb on the table. Couple of charts, all ugly.

U.F.O.

Weekly DE/AD Q. 1st negative crossover in a couple of months.



1st QQQQ bail point.



Double span break lower on Ichimoku. So rare as to be incredible!



Daily Binaries crossed negative. Why would they not?

[U.F.O.]

Hey Bobalou. We haven't talked about VHF (strength of trend) for a long while. Check this out. Since the 1st week of May VHF has been imploding! (1 chart)

U.F.O.

[Mr Dev]

What an amazing 3 days it has been ..... making almost 2-3 weeks worth of one of the greatest Bullish Spike moves,.. all on the down side in just 3 days time. Now that's sailing.

[wyocowboy]

The bond market collapse is definitely not good for stocks - I am running on the Zweig/Davis 4% model for my longer term holdings - a closing that is 4% lower than the previous week will trigger a sell. Just a quick look - tomorrow will have to be pretty bad to trip the trigger.....

[bobalou]

hi ufo,the vhf gave a sell signal on the qqqq last week ,,see tec watch