Bear Cave 2 (Bull Allowed)

EQX daily: All I can say is OUCH!!!

GDXJ not too bad, but back under the 10 week ma.

GDXJ weekly: Looks to back test the lows and a possible lower low.
 

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Will shall see!


Please click here now. Double-click to enlarge this GDXJ chart. Many gold stocks have enormous rectangle and rounding bottom patterns in play, and that suggests much higher prices in the months ahead. When the institutional tidal waves into the miners begin to occur, it will be because inflation is a much bigger problem than it is now, and the gold stocks will be priced significantly higher than they are now. Simply put, it’s the birth of a fabulous gold bull era and no gold bug will be left behind!


3 2 1 g o l d ... Welcome!

https://galacticupdates.com/wp-content/uploads/2022/11/2022nov1j1.png
 

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Remember "bear market seasonality"?
This is about the time the fun stops.

They did it again
The crowd hated puts at the most recent market highs, and decided to love them as we moved sharply lower post Fed.
https://themarketear.com/posts/c_rlL03joA
 

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GDXJ daily: Lots of stops were probably hit today....... Waiting to see if it will be a higher low, a Back Test of the low or a lower low.......

I sure lost a few bucks today....


Long GDXJ and EQX..... We shall see how tomorrow plays out.... So far EQX looks like we "MIGHT" get a higher low, but that is still unconfirmed. I still have open limit orders under $2.90....
 

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EQX daily: Buying some EQX again. We shall see if this move down ends up a higher low, a back test of the low, or a lower low.....

Limit orders = 3.15, 3.10, 3.00, 2.95 and ( 2.90 which would back test the low) EQX remains in a downtrend and there is NOTHING Bullish about this chart. Trying to catch the falling knife as I still think the miners are getting ready for another bounce like they did in September. I made some good money on that run and went back to only ST trading. This is a VERY TOUGH sector to trade as the Bear Market for the miners continues.
 

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SPX cycles data: We shall see how this plays out.

Consolidation

Stocks closed above the upper daily cycle band last Tuesday, causing them to get extended above the 10 day MA.


Stocks have been trading sideways, which is allowing the 10 day MA to catch up to price. Stocks are in a daily uptrend.
stocks will remain in their daily uptrend unless they close below the lower daily cycle band.
https://likesmoneycycletrading.wordpress.com/
 

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SPX daily: A big day for the SPX as it bounces around the 50 dma.... 75 points is baked in the cake... It will be the Fed Speak that could cause some market action by investors. Will it be up or down is the question?

Bottom Line: For now the trend for the SPX remains up as the SPX remains above its 10, 20, and 50 dma's. Still thinking we could tag the 200 dma this run as the VIX moves back down the lower 20ish. However, that's a guess.

I remain flat the S and C fund.

Long the miners.....
 

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SPX daily trading pattern: Having some trouble as the pattern looks to be getting tired. We shall see how it plays out. We are still in the best two months of the year and one would think the 200 dma would get tagged during this run....

Flat SPY and VXF!


Why Bullish Investors Shouldn’t Get Their Hopes Up
By Jeff Clark, editor, Market Minute

October 2022 was the best month for the stock market since January 1976.

The Dow Jones Industrial Average (DJIA) gained more than 14% in October.

It was a bear-crushing rally.

And it has raised the hopes of bullish investors as we head into the seasonally bullish period of November and December.

Please allow me to crush those hopes…
https://www.jeffclarktrader.com/market-minute/why-bullish-investors-shouldnt-get-their-hopes-up/
 

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Killing the generals in a pic
Market able to move higher despite the mega cap puke. This is truly impressive...


Consensus monkey crushing it
Overweight positions among mutual funds (US data) are crushing it right now....

https://themarketear.com/posts/cvfJtsErow
 

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GDXJ daily: This is the 5th time since august that GDXJ has moved above the 50 dma. We shall see if this is the move that it heads back up to tag the 200dma. So far they have all failed. The 50 dma remains under the 200 dma in a downtrend. For a true Bull Market to really get going the 50 dma needs to get back above the 200 dma. LOL.... We shall see how that plays out.

I'm still long some GDXJ.
 

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Focus On The War, Not The Battle
Why do most traders lose most of the time?

Why is it so many investors will stay with a position as it loses, hoping it will bounce back, instead of cutting their losses? And why do those same investors, when they have a winning position, take quick profits instead of letting the trend play out?

It is all about emotions. Not wanting to lose. Wanting to feel good about a profitable position. But unable to make consistent profits.

It's Not The Battle, It's The War



Too many market timers believe their last trade is a reflection of just how good a timer they are (or how good their timing service is).

This boils down to one word - expectation.

If you expect to win all the time, or even the large majority of the time, you're setting yourself up for a lot of heartache.

And the sad fact is, if you believe market timing is about winning all the time, you are also setting yourself up to be one of those many thousands of losing investors.

To win as a market timer, you must focus on the war - not the battle.

The fact of the matter is, this is to a large degree a game of odds, and should be played over a long period of time. Those market timers who recognize this fact, and do not pull out during a losing position will be the winners in the end.

Market timing is about beating the markets, and all those "other" thousands of losing investors, over time. It is about following a timing strategy through thick and thin, and profiting over time.

https://www.fibtimer.com/subscribers/fibtimer_commentary.asp
 
Santa rally time
Imagine the agony if we go for the year end seasonality from here...

VIX knew and knows
Quick update of the increasingly exuberant VIX. "It" does not care about poor tech earnings, that is old news.

https://themarketear.com/
 

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SPX - playing out the same movie again
The June/July set up we have been mentioning continues performing very well. The psychology is very similar to what we have seen several times this year. Imagine the pain SPX decides to test the 200 day moving average again...
 

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SPX daily: Getting closer to the 200 dma. My next trade will probably be SDS once the pattern completes. I'm still trading using Bear Market rules. The pattern indicates the VIX should hit the lower 20ish level, and the 200 dma "SHOULD" be tested. I'm flat SPY and VXF..... Also, a really NICE move up Friday! We shall see how this all plays out as we enter the best to months of the year for stocks. Along with the cycle data, and a few other indicators, this pattern is only used for risk management. Daily 11 in the current daily cycle......


Stocks closed above the 50 day MA on Friday.

Stocks are in a daily uptrend. Forming a swing low above the upper daily cycle band indicates that stocks will remain in their daily uptrend and signal a cycle band buy signal. The next major resistance looks to be the previous daily cycle high and the 200 day MA.
https://likesmoneycycletrading.wordpress.com/2022/10/29/the-10-22-22-weekend-report-preview-2/
 

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GDXJ daily and my current positions: Back testing the 10 dma.... We shall see if it holds and it's "POSSIBLE" the low is in for this daily cycle and its going to be a right translated daily cycle formation (Bullish). Wednesday was day 22 for the daily cycle. We shall see how it plays out, and if it can get back above the 20 and 50 dma's.....

Long the miners....
 

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SPX daily: A nice move above the 50 dma.... We shall see if it can hold. The next big test is the 200 dma. The good news, if you are long, is that the VIX contines it move lower.... ( Bullish)

I'm flat stocks, but still trading the miners...
 

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SPX daily after the close: Sellers, including myself, took some profits today. So, the SPX was unable to hold, and close above the 50 dma. We shall see how the rest of the week plays out.
 

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VXF weekly: On a buy signal, but in my "OPINION" one should stay very nimble right now. I use the SPX chart for making buys of VXF at Vanguard.
 

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