d34dc4t

d34dc4t

Sorry all, but the holidays have my time all tied up. I noticed this nice setup just a few hours ago and I wanted to get this out in the case a pullback occurs around the 2691 point. Should trading action pause, we're looking at an easy long position with the 1:1 risk/reward ratio with a target at 2704 and stop-loss at 2678. As always, happy holidays and happy trading!

d34dc4t

I've written about the Saudis before. Although it doesn't get much mention in the press, there's been a war going on there for over two years now and it's going to escalate. Just yesterday, Saudi Arabia’s government says it intercepted a missile fired from Yemen on it's way to pay a visit to the international airport located in the Saudi capital city Riyadh....

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And it's whispered that soon, If we all call the tune Then the piper will lead us to reason And a new day will dawn For those who stand long And the forests will echo with laughter If you've been following me and my posts, you'll probably understand my feelings when I say; this cannot end well. However, for the time being, we trade what we see and not what we...

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A little while back I identified a long term trend in the US Dollar, negating the doomsday purveyors on the dollar's demise. Again, I wish to present another outlook and trade opportunity. If the Dollar Index is sitting above ~94.26 within the next week, you can safely infer it’s on its way to at least 95.17. Use the levels to generate a 1:1 risk/reward trade.

d34dc4t

No guarantees, friends, none at all. But for now, the ~6190 target serves those brave enough to trade at this altitude. Yesterday's appearance of the Ghost of the 30th Anniversary of '87 crash selloff did no technical damage to the daily chart. The pattern remains intact. My suspicion is, we'll grind higher still. Therefore, use ~6190 as a minimum upside objective.

d34dc4t

It only took the entire devastation of the Caribbean archipelago to nudge GCZ2017 gold above a prime prior peak of importance. The November spike was the result of Americans who were so fearful that they carved a peak of some renown on election night - terrified by the very democratic process that they enshrine. A formidable pinnacle held, mocking the...

d34dc4t Updated 

Consider the following in the context of really bad stuff happening . Of the two events that could possibly cause a market move to risk-on action, which one SHOULD be more ominous? a) The democratic process works itself out and Donald Trump is elected President of the United States. b) A despotic, Marxist, dictator accelerates both his country's nuclear weapons...

d34dc4t

Earlier, I found a pattern with a 1:1 risk/reward ratio on the long side. You can search for it if you like, just don't forget to rub some salt in those open wounds. Trade what you see; that's my motto. I went long, only to be stopped out. Ya pays yer money, and ya takes yer chances. Them's the breaks. But the lesser charts reveal a slow grind to the upside on...

d34dc4t Updated 

Sep E-Mini S&P just broke an internal peak at 2474.00 as seen on this lesser chart. Harmonic analysis shows even odds that the futures will exceed the old all-time high of 2487.50. Are there any bears left? I'm not convinced this is a classic short squeeze, but the remaining ones seem to have fled or are exhausted. Everyone is a bull at this point, blinded by...

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I don't give cryptocurrencies the love they deserves. I ought to. I spend too much time listening to the naysayers, pessimists, and cynics. The endless debates over the classification of BitCoin (or any crypto) being a currency, a commodity, or a risk-asset. Is it a bubble or is it a tulip? The questions usually go; how can any such asset have any sustaining...

d34dc4t Updated 

Incredibly, the precision on how the S&P futures hit the lower extension and rebounded can give us some reassurance that patterns do exists within trading vehicles. We modern day Shamans and Oracles can achieve better on odds of prognostication than rolling bones on the floor or pulling the guts from dead animals. I wanted to publish this chart for two reasons;...

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I posted a prediction, two of them actually, several days ago which relied on simple harmonic analysis. Someone commented that they had no idea of what they were looking at or what I was talking about. I wish to rectify that. This missive is not an in-depth treatise of the dark arts, don't expect to find that here, or at this time. These arts are dark for a...

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When was the last time we saw this? Here, I present to you, the clearest bear-market action print seen in the DJI in many years. Corrective abcd harmonic patterns are not supposed to achieve, let alone exceed, their d targets in bull markets. In-Bull-Markets. It has finally happened here. Please see my post entitled Animal Entrails, referenced below. The bounce...

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Simple harmonic analysis on the long timeframe shows a midpoint of surprising resistance. This level has stopped promising rallies three times dead in their tracks since April, even one earlier this week. Our market no longer obeys traditional rules; mediocre news is good and bad news is even better. We watch as our indices grind higher even in the shadow of...

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Doubtful. From the WJS today, the run up to $50 signals the "latest sign of renewed confidence in the oil market". Perhaps only to the financial news media charlatans and that cabal of energy-sector leveraged lenders. Anyone who thinks we are on the cusp of an inflationary period now has to grasp for evidence in the prognostication from the entrails of slaughtered...

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To all my fellow traders; especially the faithful, following, commentators, and those who generally agree with my past prognostications, I would like to present Exhibit A for your consideration. On July 19th I submitted a thesis on AMZN and precise targets for possible resistance. Reason and rational explained from a harmonic perspective; if that ceiling were not...

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What does it feel like to be a target in the crosshairs of a professional? Absolutely nothing. When the shot is made, you'll never see it coming. Likewise, this slow VXX descent into nothingness is unprecedented. The Confederacy of Dunces, constantly driving the market to new heights, have stood unchastened for far too long without a remembrance of the last top....

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AMZN has been puzzling to me for a while now. What keeps fueling this beast in its neverending upward spiral? The broad indices would be toast without it. This took me a few tries to fully grasp and appreciate the impulse leg which began over a year ago in February. Now that it's mapped out, the climb seems inevitable. I have two ideas here. Either get in now,...