Comments on: Mid-Session Technical Analysis 11-18-19

By: August West

August West — Tue, 19 Nov 2019 14:12:38 +0000

In reply to burxguy. choreographed worldwide cb intervention. an attempt to steer economies. short term the bears get steam rolled. long term, the empire falls

By: wilhud

wilhud — Tue, 19 Nov 2019 12:41:22 +0000

In reply to orricobian. Kohls -10% premarket and HD -5% premarket... not sure how strong the consumer actually is. It's a great illusion though.

By: wilhud

wilhud — Tue, 19 Nov 2019 08:58:25 +0000

Hi Randy – Going back a couple of months when you were bearish but cautious because the rest of the financial world was calling for a recession with maximum bearish sentiment. You mentioned that was one of the major things putting you off.
Now everyone seems to be getting FOMO because they missed the last low volume +10% and every one is bullish because ‘central banks’ .. feels like a good time to wrong foot those bulls. Long trades in gold / miners and shippers have offset much of the short damage to my portfolio. Seven back to back weeks of gains in this type of environment is feeling a bit more than a little frothy to me. Which is where everyone has to make their own plans / hedges. Nothing is clear yet (apart from QE4) but I for one massively appreciate your no nonsense reasoned analysis. I believe central bank intervention is making it incredibly difficult to play this due to the lack of any real price discovery. The concentration in ETFs and numerous gaps to the downside make for pretty rickety foundations.

By: burxguy

burxguy — Tue, 19 Nov 2019 04:35:45 +0000

In reply to Kostner. I would like to learn more about this as well. I hear a lot of noise on Twitter and the news but still haven’t come to an appreciable conclusion of what it actually means in the short or long term.

By: orricobian

orricobian — Tue, 19 Nov 2019 04:12:00 +0000

Hi Randy, I have notice that a couple things are recently in the same direction: consumer confidence (people have been spending), AAPL stock, market. And we are a little over one week away from the major holiday. I just feel that it would look bad on the President if market has a big correction right before the holiday? But on another hand, I heard rumors about the potential failing of Deutsche Bank, which would be a big red flag. I was wondering if you can share some thoughts on these. And if you can do another housing analysis (the one you showed the pricing charts of some markets: Florida, Austin, etc), it would be great! Thanks!

By: Kostner

Kostner — Mon, 18 Nov 2019 21:09:41 +0000

Randy Every time the FED prints intervenes and does another round of QE as in the past QE1 QE 2 QE3 volatility collapses markets become docile and slowly grind higher without ever correcting in the process. It would appear the markets are resuming this behaviour under this round as well. Curious as to if your technical approach changes and are you noticing this as well. Also any advice or an opinion would be helpful. Thanks