Goldtent TA Paradise

Toughest Trade on the Planet

1. pedro_deleon says:

   August 21, 2019 - 12:08 pm at 12:08 pm

   This has been one of the tougher bear windows to navigate.
   Not that any are easy.
   We’re still in no man’s land on all time frames for me. That is really saying something.
   Big test at spx 50dma. Picture should clear up at that junction.

   • Karl says:

     August 21, 2019 - 12:41 pm at 12:41 pm

     I wouldn’t want to touch it one way or another. Way too risky, as noted above.

     Exceptions: I suppose there are foreign stock indexes I might short if I had extra capital and the inclination. I think some foreign indexes might be truly unhealthy.

     Domestically if I knew of particular good stocks other than PM stocks I might own them. (I own a couple of water utilities, nervously, for example.) If I had lawful de facto insider information on some company in bad straits — for example, if I knew professionally of the company with the worst reputation in an an entire industry that was suffering but was being touted on wall street, and if I saw that this company’s debt was way too high, and if I thought that this company did not have a lot of political protection that would lead to a silent bailout by the PPT — I’d short. But shorting the indexes? Scary at this point. I would not be astonished if they go up even though they look unhealthy.

     I so very much agree, FWIW. I would hate being a professional money manager around now having to decide.

2. Homer says:

   August 21, 2019 - 12:47 pm at 12:47 pm

   Technical Analysis for U.S. stock indices 8-20-19
   https://youtu.be/Ydca8OSglR8

   A little more upside, maybe 1 or 2 percent, and then a reversal?
   We shall see.

3. Atomic says:

   August 21, 2019 - 2:13 pm at 2:13 pm

   October…