Thursday, 16 July 2020

Market still sidways, but don't complain:

“Sister, there are people who went to sleep all over the world last night, poor and rich and white and black, but they will never wake again. Sister, those who expected to rise did not, their beds became their cooling boards, and their blankets became their winding sheets. And those dead folks would give anything, anything at all for just five minutes of this... So you watch yourself about complaining, Sister. What you're supposed to do when you don't like a thing is change it. If you can't change it, change the way you think about it. Don't complain.”

Sunday, 12 July 2020

Ready to take off ?

Which way ? One way or the other, but be ready for a large directional move when we do break out. On your long equity positions raise stops and enjoy the ride.

Friday, 3 July 2020

QQQ

 Bearish divergence, divergences against the trend are usually short lived, but worth noticing in the context, also often after three pushes up there is an ABC formation. Coming week will be an important tell one way or the other.

Tuesday, 16 June 2020

"If life hands you a lemon, don’t complain, but instead make lemonade to sell to those who are thirsty from complaining."

Wally Amos, the man whom many consider to be the father of the gourmet cookie industry, has turned lemons into lemonade so often in his life that in his official portrait he holds a pitcher in one hand and a glass of lemonade in the other. A perennial optimist, Amos refuses to acknowledge that obstacles are anything other than stepping-stones to success. In a career that has spanned several decades, he has made it to the pinnacle of success several times, only to lose everything and be forced to start over. But he’s never lost faith. “You have to have the trust and faith to let go and not agonize,” he says. “Don’t waste your time worrying. Worry is not preparation. Analyze the situation and focus on solutions. There is always an answer.”

Saturday, 13 June 2020

For now, it's just a very sharp pullback in what is still a rising trend on the SP-500 chart. The bears have more work to do if they want to take control.



The overbought conditions intensified this past week with a couple of huge up days on June 5th and 8th, but then exploded into one of the worst down days in history on June 11th. The wild ride seems destined to continue.