Big Market Update | WEEKLY | DJ | IWM | TLT | DJT
Updated
Be aware this is a longterm idea for the whole markets. Nothing is granted in this game. Don't follow this idea blindly. This is just to keep you aware of possibilities, not to tell you what to do.
For me things are lining up very well.
* Don't just look at SPY and QQQ other markets doesn't look that strong right now.
Alright. Four Charts. Weekly charts.
From left to right:
1. DJ | Dow Jones Industrial
2. IWM | Midcaps
3. TLT | Bonds
4. DJT | Transporation index
The Bonds are currently holding very well within what looks like a weekly bull flag.
Stronger Bonds are usually an indicator that bigger money is flowing into .. bonds and flowing out of .. stocks. It's basically the idea to have save heaven for the bigger moneys.
The bonds are currently diverging higher on the indicators, wheras the other markets are all posting something that could turn out to be head and shoulders patterns while all of them are divering lower.
Just a reminder. Today is the possible brexit or not day. I don't believe they will vote FOR the harsh brexit today. I think the brexit will be postponed to a date 2 years later or similar. But still the end of today will lead to alot of confusion.
Also remember that tomorrow Futures and options are expiring.
// trade carefully.
GL.
For me things are lining up very well.
* Don't just look at SPY and QQQ other markets doesn't look that strong right now.
Alright. Four Charts. Weekly charts.
From left to right:
1. DJ | Dow Jones Industrial
2. IWM | Midcaps
3. TLT | Bonds
4. DJT | Transporation index
The Bonds are currently holding very well within what looks like a weekly bull flag.
Stronger Bonds are usually an indicator that bigger money is flowing into .. bonds and flowing out of .. stocks. It's basically the idea to have save heaven for the bigger moneys.
The bonds are currently diverging higher on the indicators, wheras the other markets are all posting something that could turn out to be head and shoulders patterns while all of them are divering lower.
Just a reminder. Today is the possible brexit or not day. I don't believe they will vote FOR the harsh brexit today. I think the brexit will be postponed to a date 2 years later or similar. But still the end of today will lead to alot of confusion.
Also remember that tomorrow Futures and options are expiring.
// trade carefully.
GL.
Note
Obviously the markets hat to rally a bit more on friday. But it's option and futures expiration friday also it is a friday after a heavy bullish week.Markets currently are preparing for the drop. More bullishness for the rest of today is not to be expected. First signs of change in sentiment.
Note
Mixed to bearish signs in the market for this week's start:- QQQ approaching important 177.71 Support
- XLF printed first signs of reversal
- SPY pumped at day start and already gave it all back.
- Vix looking like its breaking out. Similar pattern occured in Vix' history over and over again.
Note
- Couple of bigger tech stocks pumped on day start and are currently dumping and dumping- AMZN + AAPL are there own beasts, but also starting to reverse. FB in a clear down gap pattern and GOOGL breaking last tuesdays lows currently.
Note
First signs of the reversal playing out. Let's see how far we are moving.Note
* sorry the chart above is the same as the first one, only that this is the closeup view on the current action, eg daily chart. First one this idea is the weekly for the longer term picture.Note
If this continues we might be breaking first support today. But as it is right now.. not that much has happend. Need to see more development.
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