It seems like somebody decided to order the chicken salad on rye, not toasted today. The much noted triangle may have been a bearish wedge after all by the moves on the tape so far today. Regardless, this move is playing pretty well for many of our projections time-wise, so we'll take it and trade it as it goes. I noticed last night reading a lot of blogs there were not many looking for a correction out of the gate this morning, much less ever again by the sound of it, but that's why that over-used saying about crowded trades really is over-used.. it happens. Okay.. enough yackity-yack... here are some charts, as well as something I noticed last night fiddling around with my etch-o-sketch on the most recent corrections on SPY. I did use rounded values, so don't come at me for not having the precise numbers, but you'll get the picture. Good trading into the afternoon TTWinners, the team work continues to be phenomenal around here! Oh.. almost forgot! We have a group of Corey Rosenbloom fans on board here and there will be free webinar this afternoon on TICK and Momentum Concepts post session at 4:15 EST if you'd like to watch. The economic calendar is nil tomorrow, so nothing on that front. There is also an interesting article to read when you have time, regarding Societe Generle's report to clients on how to prepare for a potential global collapse by Ambrose Evans-Pritchard.And on that high note, have a great trading afternoon!
Opposite Day
It seems like somebody decided to order the chicken salad on rye, not toasted today. The much noted triangle may have been a bearish wedge after all by the moves on the tape so far today. Regardless, this move is playing pretty well for many of our projections time-wise, so we'll take it and trade it as it goes. I noticed last night reading a lot of blogs there were not many looking for a correction out of the gate this morning, much less ever again by the sound of it, but that's why that over-used saying about crowded trades really is over-used.. it happens. Okay.. enough yackity-yack... here are some charts, as well as something I noticed last night fiddling around with my etch-o-sketch on the most recent corrections on SPY. I did use rounded values, so don't come at me for not having the precise numbers, but you'll get the picture. Good trading into the afternoon TTWinners, the team work continues to be phenomenal around here! Oh.. almost forgot! We have a group of Corey Rosenbloom fans on board here and there will be free webinar this afternoon on TICK and Momentum Concepts post session at 4:15 EST if you'd like to watch. The economic calendar is nil tomorrow, so nothing on that front. There is also an interesting article to read when you have time, regarding Societe Generle's report to clients on how to prepare for a potential global collapse by Ambrose Evans-Pritchard.And on that high note, have a great trading afternoon!
Disclaimer: This website may include stock and market analysis. Any opinions, ideas, views and statements expressed here are opinion only, subject to change without notice and for informational purposes only. Trading stocks carries a high degree of risk. It is possible that an investor may lose part or all of their investment. Accuracy and timeliness of any information is not guaranteed and should only be used as a starting point for doing independent additional research allowing the investors to come to his or her own opinion. Nothing on this blog is to be considered a buy, hold or sell recommendation. Any investments, trades and/or speculations made in light of the opinions, ideas, and/or forecasts expressed or implied herein are committed solely at your own risk, financial or otherwise. Results are dependent on market conditions, timing and trading style. This blog is not affiliated with Tom DeMark in any way and does not claim to represent his estate or personal views. Any references to Tom DeMark or any of his indicators are for educational use only. Comments posted on Disqus Threads are not moderated and are not representative of opinions of authors of this site.
Translation: You are responsible for your own investment decisions.
Not anyone else.
YOU.
Position disclaimer: Authors might OR might not have position/interest in securities mentioned on this site!
If you still don't get it - here it is in plain English by Special Keirsten
For newbies and lurkers out there: You will read many, many various trading observations,opinions and calls on this blog, from bullish to bearish- that’s why we’re different here. You will often see us challenge each other- and often. It is YOUR responsibility to understand and/or ask questions if you’re confused or want help/further opinion… we can’t read your mind. This is a place of learning and sharing, but the trading is YOUR responsibility alone, not ours. Rule #1- never take a trade that is not based on your own T/A and choice. Lead yourself, do not follow. I can’t emphasize that enough. Read the disclaimer at the bottom of this blog site completely, if you haven’t already. I have seen plenty of “gurus” with loads of happy followers take their trades blindly with both good AND bad results - don’t let yourself be one of those people
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Disclaimer: This website may include stock and market analysis. Any opinions, ideas, views and statements expressed here are opinion only, subject to change without notice and for informational purposes only. Trading stocks carries a high degree of risk. It is possible that an investor may lose part or all of their investment. Accuracy and timeliness of any information is not guaranteed and should only be used as a starting point for doing independent additional research allowing the investors to come to his or her own opinion. Nothing on this blog is to be considered a buy, hold or sell recommendation. Any investments, trades and/or speculations made in light of the opinions, ideas, and/or forecasts expressed or implied herein are committed solely at your own risk, financial or otherwise. Results are dependent on market conditions, timing and trading style. This blog is not affiliated with Tom DeMark in any way and does not claim to represent his estate or personal views. Any references to Tom DeMark or any of his indicators are for educational use only. Comments posted on Disqus Threads are not moderated and are not representative of opinions of authors of this site.
Translation: You are responsible for your own investment decisions. Not anyone else. YOU.
Position disclaimer: Authors might OR might not have position/interest in securities mentioned on this site!
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It seems like somebody decided to order the chicken salad on rye, not toasted today. The much noted triangle may have been a bearish wedge after all by the moves on the tape so far today. Regardless, this move is playing pretty well for many of our projections time-wise, so we'll take it and trade it as it goes. I noticed last night reading a lot of blogs there were not many looking for a correction out of the gate this morning, much less ever again by the sound of it, but that's why that over-used saying about crowded trades really is over-used.. it happens. Okay.. enough yackity-yack... here are some charts, as well as something I noticed last night fiddling around with my etch-o-sketch on the most recent corrections on SPY. I did use rounded values, so don't come at me for not having the precise numbers, but you'll get the picture. Good trading into the afternoon TTWinners, the team work continues to be phenomenal around here! Oh.. almost forgot! We have a group of Corey Rosenbloom fans on board here and there will be free webinar this afternoon on TICK and Momentum Concepts post session at 4:15 EST if you'd like to watch. The economic calendar is nil tomorrow, so nothing on that front. There is also an interesting article to read when you have time, regarding Societe Generle's report to clients on how to prepare for a potential global collapse by Ambrose Evans-Pritchard. And on that high note, have a great trading afternoon!
