01/11/2020 Weekend Update

[Cobra]

Up 1 week, the next week has 75% chances to make a higher high so might be still some up rooms.

[Al_Dente]

... the Fed just slashed its balance sheet--yes, reduced its assets. After panic-printing $410 billion in a few months, a $24 billion decline isn't much, but...
http://charleshughsmith.blogspot.com/20 ... -just.html

[BullBear52x]

From ""It is what it is department", Key focus: A Bearish Reversal, lately the bearish reversal only turned out to be a blip bear porn, one or two days weakness than a gap to new high just because??? for a classic TA point of view I will have to go with what I see in front of me. what I see is a Negative divergence, Negative MACD histogram with LL bar resumed on Friday, and a Daily bearish reversal candle. so, the start of short term trend change is here. I am bearish bias into next week start Monday.

Short term swing suggest this dip will be bought, bulls still have one buy coupon on this time frame. because new HH has reset all the bearish view on this time frame.

Intraday, I will pay attention to 3270 level as a pivot point. $TRIN has been favorable to the bearish camp.

Weakness can be seen internally but not extreme enough to cause fear. I want to see AD line to go lower to say bears are meant business, right now caution to both side bulls and bears alike. I am leaning bearish overall. Trade well, Peace!

[Trades with cats]

Weekly report from a big bank analyst up at zerohedge showing that the three major systematic hedge fund types are all in on equities. Also showing that people run mutual funds and individual investor are also pretty much in. As in 300 billion net withdrawls over the first 10 months of 2019 with a 50 billion net investment over the last two. Plus the sentiment indicators over the moon. Let us not forget volatility is low.

Pasta boss linked that article showing Fed is backing out.

I have to ask, and I would sing it for you if I could "who will buy" (from Oliver)

[Al_Dente]

The “aggressive sectors” performance % over the last five years, weekly chart.
It’s no surprise that the outperformer by a longshot is NDX.
Note the divergences, the dashed lines on the ones who have not yet made new highs: Banks (using BKX not XLF), Smalls and Trans

So here is short term, 12 days, 15 minutes, showing the heaviest-weighted stocks in the SPX, which is evidently all that folks care about.
(BRK/b should be there too but I couldn’t fit it in). Declines here would certainly be noteworthy.

[daytradingES]

Sunday 4:07pm

I am doing my weekly update of numbers and notice that since 18 Oct 19 every week has posted a new high (ES ETH).

On a side note I listen to podcasts of realvision and others while working. There is a strong feeling of an enormous crash crash coming - both housing, corporate debt, (and perhaps the markets). Each "expert" sights his own reason for a potential catalyst - though the end result is the same - regardless of the catalyst. Also the end recommendation is usually the same - have some gold and sliver (Bitcoin if you like) and some cash. In the cash of bank bail-ins - actual cash - not just a balance in your account.

Of course none of them speak of what can happen if there is a multiple melt.

For example:
1. Solar flare and or N Korea high altitude blast with EM pulse knocks out US and Canada grid
2. Cash declared illegal
3. withdrawals of greater than $X per day forbidden
4. Corporate debt implodes with fall from BBB to junk deploding major stocks and creating a bailout crisis that can't be answered by the FED or govt.

naturally there are many more triggers - rising interest rates making US govt debt servicing impossible, South China sea conflict, regional Japanese bank implosions - the list is so long I don't have the interest to type it.

MY PLAN is to buy a coin catalogue and buy some older coins when they were silver (per 1987) where the value of the silver is close to what I am paying.

What I would like to do is buy a piece of land with a self-sufficient home/garden and the weapons to protect it from looters. I don't have the $$$ now so I better get cracking with the trading.

To all:
Make sure you have lots of water, canned goods, candles, bandages, insulated tent (do they sell such a thing?) etc and maybe a generator enclosed in some metal to save it from a pulse - though how your going to fuel it is another question...

Perhaps someone knows of a generator where you feed in wood to a burner, make steam ...?

Let me know if you find one! (no computer chips in it though)

[daytradingES]

here's the pic: