DaddySawbucks

DaddySawbucks Updated 

Israel’s security cabinet will vote Thursday on its response to Iran’s ballistic missile attack, an Israeli official told CNN. Earlier, Defense Minister Yoav Gallant said the retaliation would be “powerful, precise, and above all – surprising.” be ready.

DaddySawbucks Updated 

It's perfect. I'm buying this handle. Buy-write if you worry about getting lower before higher. Great long-term investment grade issue. Not going away. Not recommended for day trading, speculation or scalps.

DaddySawbucks Updated 

Been a rough ride for stonks. Gone oversold. Retest of lows in progress. Buy the double bottom. After a correction, the rise in price is often twice the drop. Statistically, most ATH occur in early September. Fed cuts rates, we could see ATH come out of this dump like phoenix from ashes. Went down ~500 pips; might rise 1K. Might not. Might get half back and...

DaddySawbucks Updated 

Coincidence of 0.50 retracement from ATH drop and 0.62 of last selloff leg both smack on at 5395. Got 5371 today, so close, Iran surprised us, again. PPI, CPI prints coming this week, Tues and Weds. Any further disappointment > big dump. Be Real Carefull about Longs!

DaddySawbucks Updated 

Yeahhh wowww... moved wayy beyond any expectations. So insanely booleesh, face-ripping bear-killing rally from Hell. How long can it go on? Double topped RSI at 80%, see arrows. Top of the Bolly Band. Explosive blow-off style rally to massive new ATH for SPX, NQ. Might have another day or two in it. Notice that DJI already topped at 40K and RTY has barely...

DaddySawbucks Updated 

Price of SOXS since inception. Price in 2012 is not a typo. Adjusted for reverse splits, shares declined from $11.1m to $3. Eleven million, one-hundred thousand dollars became three dollars in twelve years. Bear etf funds do not contain equities. They consist entirely of futures contracts, which suffer time decay and expire. This is the effect of time decay...

DaddySawbucks

Market makers control and manipulate prices and they make money all day long day after playing these games. MMs distribute shares they have accumulated at lower prices to retail traders and Joe Investor. We hold their bag! Once distribution of one asset is accomplished, MMs then re-accumulate it and begin distribution of other assets. You see the same movement...

DaddySawbucks Updated 

Not even gonna guess how high will it fly. Got higher than we expected already. Smoked bears, gone into hibernation. Here are the fib levels for your consideration. Notice price approaches the top Bolly Band. Not a lot of room left to squeeze but it could pump higher. Not overbought yet. Short when it gets there. Bewary.

DaddySawbucks Updated 

Rally was short and sweet. Got 0.50. Fibo. Meta cracked it. Was fading all day already after the morning pump; just three up days. C legs typically extend farther and give a 1.62 extension, capitulation and panic prevail. May will be Bearish, at least to start, imo. Need to watch this correction carefully to gauge whether it takes ABC form or a more sinister...

DaddySawbucks Updated 

A correction is coming soon. Maybe started this week. How low will it go? Nobody knows. So many Bearish Posts. Permabears predicting cataclysm. The End is Near! Doomsayers who repeatedly forecast massive crashes will eventually be right, once every 15-20 years. Almost always these guys are just plain wrong. Markets exist to print money. Money prints when...

DaddySawbucks Updated 

Buildup prior to the invasion was a steady week of lower prices in January, until 17 Jan 1991 when coalition forces took control of skies over Baghdad and destroyed Iraqi air and ground forces. Overlay is Jan 1991. 17 Jan was the night invasion. 18 Jan the market took a moon shot. Once it became apparent that our guys were winning, bulls took over and the rise...

DaddySawbucks Updated 

Probably see 5K Monday but it won't last long. In the PRZ now. Bullish enthusiasm from Friday's madness likely to persist through Monday morning. Top could be in by noon Monday, if it's not already. Notice RSI diverging... every trip to the PRZ weakens RSI, fewer and fewer issues pushing higher... won't be long now. Astonishing how short memory is, seems to...

DaddySawbucks Updated 

Moving sharply down from upper Bolly band. Expect correction to bottom of Bollinger bands. Further megacap ERs to disappoint. Meta, Apple Thursday, many others. Fed says no rate cuts, for some time. Bars pattern from last September FOMC disappointment. History never repeats exactly, but it often rhymes. 4930 was a top. Short every rally! This ain't no place...

DaddySawbucks Updated 

Papa Powell might be the catalyst for final blowoff top. Massive surge to 5K is within striking distance. Breakout above B-bands is unusual and virtually always rejected. Watch for it. From Weds PM 31st until Friday noon we could well see ATH. So many bears now, "It just can't get any higher!" But it can. Beware.

DaddySawbucks Updated 

Seen this before. SPX climbs relentlessly, driven by the Magnificent Seven. Russell small caps, America's real stock market, do not participate above a resistance price, ~2K index price. Twice rejected there, first rally went to ~2400, this time it's a lot less. IMO this monster rally back to SPX ATH is just another bear market zig-zag, and the worst may be yet...

DaddySawbucks Updated 

Do not be surprised if there is yet ANOTHER surprise in this nutty stampede. Everyone is bearish, everyone says; "it has to go down now, right?!" That's when it goes more up. Be real careful about backing up the truck for a full putload. Gonna see some choppy days to be sure, but these damned rallies have a weird life of their own. Not taking a position, not...

DaddySawbucks Updated 

Always crystal clear in the retrospectometer. NQ making new ATH daily while the small caps and broader market swoon. Fewer and fewer issues carry the index to nosebleed heights, see how RSI weakens at each new high... this is the end of the run. May not lead to a crash scenario, but lower prices and persistent weakness are likely over the near to mid term...

DaddySawbucks Updated 

Target 4800 nearly there in AH trade. Looking back, a long EW for 1k pips from 3800 is apparent. Summer rally was 3rd wave, this is the 5th. On this chart, target the Dark Side of the Moon. Wish you were here! All bets off after that. Close your longs soon folks. Then get out your Floyd vinyls and do the timewarp again. Triple Witching Friday, RSI madly...