claydoctor

claydoctor

just updating previous chart, note the 50 day below the 200 day MA relationship.

claydoctor

notes on chart

claydoctor

notes on chart

claydoctor

These two are in tandem most of the time. Note the factors here. Previous turn toward major long term trend bottom failed, bounced, and did not reach the bear cross of 50 and 200 MA. This time did breach long term trend bottom, tried to restest, and failed, and we ARE RIGHT AT THE BEAR CROSS. If we breach, we confirm, and this could translate to a strong sell...

claydoctor

notes of chart

claydoctor

This has been a reliable set up, when EURJPY AND USDJPY are together, with EURUSD in another direction. The 2 pairs are heading down in after hours, and EURUSD up, which for me, has been a US equities market down day to follow. let's see if this trend keeps up, continues for a bit. This trend would support previous posts, where IWM HS will continue down to...

claydoctor

see chart, its unbelievable obvious.

claydoctor

see chart

claydoctor

TZA hitting 20 in August has a good chance. Risky play might be August 22nd expiration, 18 calls. Watching tomorrow's action to decide. Might draw back, take a breather, or might forge ahead.

claydoctor

IWM double top working toward TGT 1 and 2 Breather may be in store soon Watch for increase in volume selling

claydoctor

notes on chart

claydoctor

Yellen's comments caused a big change in the currency pairs relationship I track. Looking into BOJ and ECB, and china affects too. This has caused a pause in the completion of the IWM HS formation, further consolidation trend for now, I am in a wait and see mode. Let's see what she says today. Amazing how the markets hang on her every word, and how much less...

claydoctor

Rec line day, something changed, what should have happened did not happen, and they will have a wild time writing the history books about this one, once the dust clears.

claydoctor

Something just doesn't add up here. I see a currency bubble. When MACD and RSI signal down CLEARLY, BUT the chart of the stock, or currency here, diverges GREATLY from that, this results in an over evaluation (AKA bubble) of whatever is on the chart. I can only conclude both stocks and the currencies are over valued. And when everyone is trying to DEVALUE, what...

claydoctor

Fact: more people on welfare in the US since great depression. More people dropping out of the work force than ever. Middle class economy evaporating quickly. Government might be putting a chicken in every pot again, but there is simply less discretionary money to spend. 75% of US economy is consumer confidence, which is quickly fading to 65%, and then 55%? ...

claydoctor

Notes on chart.

claydoctor

Sell or buy today into the weekend? Watching the VXX, which usually correlates to TZA. USDJPY heading into a triangle dead end, where expecting a change. Watching now.

claydoctor

USDJPY has reached, for the 3rd time, a major support level, and consolidating. The chart says it wants to go higher from here, but world events are causing the VXX up, volatility, and that is either supressing the next leg up, or will cause a break of trend up, and if it does that, we have two targets to head downside for, and a whole new look at this market....