MAgicTrx

MAgicTrx

My SPY d sense tells me we get a sell off into the close today and or Monday

MAgicTrx

Looks like a top to me. Let’s see if it will be a seasonally weak September to dismember.

MAgicTrx

The 33 day MA of highs is the current zero slope MA. We sit just above there now. Tempting to short here and or if we break down thru. Maybe on the number tomorrow.

MAgicTrx

BITO is under the 2 day zero slope MA of lows. I like this as a buying level especially if one has reasons to buy it anyway. If it breaks up thru it that would be additional incentive for me to buy calls and or sell put spreads. A give up might be just under the recent lows.

MAgicTrx

Well it looks like GLD is going to reverse. Let’s see how severe and protracted it is.

MAgicTrx

Setting up for today or tomorrow reversal. Let’s see if it happens.

MAgicTrx

SPY now above the 33 day MA of highs it is in my entry zone. I might get short here and definitely on a break of that MA. Either just needs a break or this is a true right shoulder.

MAgicTrx

Well maybe it needed one more push for a proper right shoulder. I’ll wait til it pivots.

MAgicTrx

For the very long term investor, SPY is 11% average per year compounded with the 15 year moving average. This is the most by far since the inception of the SPY in 1993. Perhaps this isn’t the best time to invest in the S&P. Maybe there is a better asset class or two to focus on for the balance of the decade.

MAgicTrx

I believe FXE has bottomed. Selling put spreads and buying calls. Let’s see what kind of rally we get from here.

MAgicTrx

I’d dip my toes in the water here. It’s oversold enough for me to start getting long.

MAgicTrx

Almost a 3:1 containment under the 4 day MA of highs. I’m definitely a buyer if it breaks that MA. Tempting now but would wait for 3.5:1 to do preemptively.

MAgicTrx

Looks like a right shoulder to me. Let’s see what kind of a September to remember we get.

MAgicTrx

My SPYdy sense tells me that this rally in SPY is likely to end in a right shoulder. I will them be watching for a Fall. We shall see.

MAgicTrx

I’m looking for a major retracement starting maybe this week. Very oversold.

MAgicTrx

Looking forward to more upside thru the week and with Friday AM number maybe.

MAgicTrx

Well it looks like it’s reached it’s downside limit. Let’s see what it does for retracement swing.

MAgicTrx

Well this looks like at least a bounce but then do we get a right shoulder before the Fall?