My usual Unique Technical Analysis of markets …with a few ‘perception shifts’ thrown in …no double speak … tell it like I see it …don’t claim to know the future, only the approximate odds of up, down
HEre is chart of TLT I marked up important short term patterns playing out ...we 'shd' be near another top on TLT into a drop ( rise on TNX) ..sometime next week
EOD Feb 20 - Also another KEY thing to Watch is the VIX - to watch for over next Week or so.
- we haven't seen a Key signal that I am looking for ..but we are beginning to see it
- IF we rally again ..and VIX puts in a Divergence that is extremely bearish in our given setup In my view ..its complex to know when that's the case or isn't ..but it IS here ...I've seen this signal work nearly 100% time last 5 years ..we have a minor sell signal right now infact...but one more trip to highs with that div would be a stronger sell.
AND - While I'm at ..and finally entering 'technical Might begin to matter again if CB doesn't keep flooding System with 'make believe $' -
- Stocks above 50 days moving average ..are given a HELL of SELL signal here ...I don't think I've EVER seen such a negative ...it's related to negative breadth etc ..but different ..it's a more powerful signal in my view ....
Btm line - in simple term, the CB flooded/is flooding massive $ into system to prop it up ..presumably on 'orders' for the election.
- this is against a background of an bubble economy failing from the bottom up
- RESULT in STOCKS is - initially 'everything up', but now' a narrower and narrower advance as most stocks are not 'hot' and risky ...and since this is now just gambling on more CB support $ ..everyone ends up in same stocks ..the CB 7 ... its same old same old seen in all market history ..just MORE EXTREME by orders of magnitude ...which itself is a MASSIVE WARNING if you understand ^this.
- IF things were what Matrix claims i.e. Rosy Tinted ...market breadth would be amazing here given the tidal wave of CB $ and now speculative chasing $ ...but its the Worst breadth for a power IT up move in HISTORY I can find ....what does THAT tell you ? ...don't need to be genius I hope ..but yet, no one seems to understand as per usual ...saw it several times in my experience ..no one believes it as price keeps chugging higher.
SUBSTACK- DOWN ...trying post this way...
HEre is chart of TLT I marked up important short term patterns playing out ...we 'shd' be near another top on TLT into a drop ( rise on TNX) ..sometime next week
https://mark_davidson1-yahoo.tinytake.com/msc/OTM0MDU3NF8yMjkwNDI3Ng
EOD Feb 20 - Also another KEY thing to Watch is the VIX - to watch for over next Week or so.
- we haven't seen a Key signal that I am looking for ..but we are beginning to see it
- IF we rally again ..and VIX puts in a Divergence that is extremely bearish in our given setup In my view ..its complex to know when that's the case or isn't ..but it IS here ...I've seen this signal work nearly 100% time last 5 years ..we have a minor sell signal right now infact...but one more trip to highs with that div would be a stronger sell.
AND - While I'm at ..and finally entering 'technical Might begin to matter again if CB doesn't keep flooding System with 'make believe $' -
- Stocks above 50 days moving average ..are given a HELL of SELL signal here ...I don't think I've EVER seen such a negative ...it's related to negative breadth etc ..but different ..it's a more powerful signal in my view ....
Btm line - in simple term, the CB flooded/is flooding massive $ into system to prop it up ..presumably on 'orders' for the election.
- this is against a background of an bubble economy failing from the bottom up
- RESULT in STOCKS is - initially 'everything up', but now' a narrower and narrower advance as most stocks are not 'hot' and risky ...and since this is now just gambling on more CB support $ ..everyone ends up in same stocks ..the CB 7 ... its same old same old seen in all market history ..just MORE EXTREME by orders of magnitude ...which itself is a MASSIVE WARNING if you understand ^this.
- IF things were what Matrix claims i.e. Rosy Tinted ...market breadth would be amazing here given the tidal wave of CB $ and now speculative chasing $ ...but its the Worst breadth for a power IT up move in HISTORY I can find ....what does THAT tell you ? ...don't need to be genius I hope ..but yet, no one seems to understand as per usual ...saw it several times in my experience ..no one believes it as price keeps chugging higher.