It’s Pretty Gross Out There Folks $SPY $QQQ $AAPL $FB

My goodness do US equities look like absolute dogpoop   . I just scrolled through about 100 charts from the S&P500 and seriously found 1 stock in an uptrend and 2-3 that looked like it found actual buyers and not just short covering bounces.
It is the worst I have seen since Jan of 2016 during that bear market (and this is worse). The momentum names have been hammered down and the largest ones can’t even bounce such as AAPL, FB, etc.

These names have been killed and some cases down over 40% and they can’t even bounce?
In markets like this TIMEFRAME is

EVERYONE TO THE LONG SIDE OF THE BOAT!!! ?‍♀️ $BTC $ETH #crypto

Folks! We may have something here. Ethereum is leading the way and grinding higher (likely will cause a spike) and Bitcoin just broke above consolidation. After being Bearish for 12 months and minus -80+% target reached…it’s obvious I am an intermediate bull and calling for higher prices now. Come on over to the long side to 5800ish to start!

 

Snuffles Wisdom: Why the 200 Day Moving Monkey Actually DOES Matter…

I am going to easily depict why the 200 day moving average does actually matter converning price and time on the chart. The 200 day moving average i simply the average price of the past 200 day “Closing Prices” plotted on a chart to show an average. You can see this on the chart below as the red line on a daily basis.

Look at how the red line simply holds price above it when price is trending up and hold price below it when price is trending down. Some will call this VOODOO, but this is a very simple mathematical

$SPX Weekly Outlook: Neutral Bearish $IWM $QQQ

Well folks we continued the bounce into the first week of the new year. This is not surprising as you will see in the chart below we bounced right ON the 200 weekly Moving Average which is longggg term support. After being pressed down daily, and puking on Christmas Ever, SPX has bounced right back to resistance st 2535ish.
So i know what you want to know…Now What??

Well 2680 is going to be MONSTER tough to get through. Like I said last week, considering my 401k is long only, I bailed due to the risk that is down in the intermediate

Do not look past Powell’s Policy Mistakes $TNX $TLT $GLD $SPX

Fed Chair Powell came out this morning and boosted the market on top of the HUGE Job Number of 300+k jobs. The market is rallying big time up 3+% currently.

Do not look past the TWO policy mistakes the Fed Chair madenin 2018. It is very clear that those impacts have caused Mr Market to react the way it did in Q4. The trimming of the balance sheet and raising rates in a slowing growth environment WAS NOT the right decision. Presently the market has gotten killed and Powell said some words to lift it off the mat. If you disagree

Have Investors Been Bird Boxed? Open Your Eyes! $SPX $IWM $GDX $TLT $GLD

The lack of emotion and worry in the market today is insane. There are so many investors and talking heads that are so sure the market bottom has been made and 2019 is going to be like 2017. Many believe that the bulk of the volatility is behind us…This is EXACTLY what markets do. They find a way to get the herd complacent and then BOOM! The market resets before anyone has a chance to get out.
Did you know the volatility in 2018 was not even in the top 20% of the most volatile years in the past 70+ years?