Blog
April 8, 2019
Forgive me for anthropomorphizing but the markets are doing their best to stop you out before the real move happens. This morning’s pullback stopped out any late comers to the rally who may have gone long on Friday. Watch the video as I explain the dynamics around last week’s price action leading to today’s pullback and rally.
April 6, 2019
In this video, we use a multi-timeframe analysis of price action to look at the technical outlook for the VXXB SPY QQQ XLK IWM DIA TLT KRE GLD BTCUSD BCHUSD UKOIL KRE NVDA AMD IBM for the week of April 8 - 12, 2019.
April 5, 2019
Like many people, I had a deeply entrenched need to be in control, due to desire and fear. I needed to overcome this “control issue” before I could experience the joy of effortlessness with any consistency. The answer was, and still is, complete surrender—I had to simply stop caring whether it would happen or not, while at the same time totally trusting that it would. I had to let the practice happen without “doing” the practice. Most of us have a lifetime habit of being in control; of thinking, we are a “Self” who is responsible for making things happen. […]
April 5, 2019
Markets are vacillating sideways with a slow upward bent. VXXB broke to the downside on an outside-inside pattern on the daily chart. If you are bull then you want to see VXXB continue its downward descent and not take out today’s highs. IWM took out the pivots highs from the week of March 18th which is something we identified in the Weekly Outlook video. The markets have a remarkable way of testing the resolve and shaking out the late and impatient traders before making the real move. The key is observe the larger trends and focus on good trade location.
April 4, 2019
Well it’s been a do-nothing day so far. As the lunchtime approaches SPY, IWM, and VXXB are all still trading inside day. Days like these used to chop me to pieces. A lot of intraday trading for negligible results. Recognize that if it feels like you are working hard that either: a) you are trading against the trend or b) you are trading in a range-bound condition. Regardless, as the saying goes, “when the going gets tough, the tough get lazy”. Recognize that the wider timeframe trends are still up so save the emotional and financial capital for when the […]
April 3, 2019
One of the big news stories of the week has been why Bitcoin shot up to $5,000. In this video, I discuss the fallacy of cause and effect and why as traders we need to stop looking for reasons on why things happen and focus instead on cultivating an objective and probabilistic mindset.
April 3, 2019
Notable – the long bond (TLT) is coming back in. Notice how it went outside week and up and now coming back through the range – pivot to watch is 120.89. What does this spell for equities?
April 3, 2019
Whether or not you are a fan of Bitcoin cash (or whatever they want to call it) the next stop on the ride is 638.55. Major pivot and ripe for stops to be hunted. Keep your eyes on it. Full Disclosure: I’m long from 161.43.
April 2, 2019
The past several weeks I’ve been discussing the monthly pattern on Bitcoin and a number of different cryptos in the Weekly Outlook videos and alerted you of the trigger yesterday on the blog. The buyers came back to the crypto space yesterday squeezing any late or stubborn shorts. I’m up 20% in BTCUSD and now long 11 coins because that’s how I roll. The EOS position base price should read 3.05 but Bitfinex changes the base price after profit taking. If you missed the entry don’t chase. If this rally has legs you will have lots of opportunities to get […]
April 1, 2019
Stop ok? Just stop it – you are making a fool out of yourself. All of your conspiracy theories and prognosticating amount to a lot of nothing. SPY and DIA are now both inside quarter and up and the markets are rushing back to all-time highs (as we’ve been writing here and here) and there’s nothing you and your online friends can do about it. The need to feel significant is one of the deepest of human desires – the others being control, approval, and security. Platforms like social trading platforms Stocktwits and TradingView have tapped into these basest of […]