Archive for August, 2019

One tweet values 623 points?

Posted on Aug 25, 2019 by .

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http://schrts.co/aMxqKSxY

As we were saying–the primary hazard of this market  (so far) is extreme surprise volatility.  While we have drawn a downwave trendline here we would be very chary of betting on a breakout of that line.  Rather an aggressive trade would be trading a clear breakout of the rectangle as indicated by the horizontal line.  A more conservative trade would be after a new high.  Until Trump passes from the scene market squalls can occur at any moment.

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Bizarre bungee markets…

Posted on Aug 18, 2019 by .

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A line chart which shows the volatility close to close. The recent days have been in some cases historic and bizarre.  So much so that we made a note of the daily ranges, which are to say the least, unusual:   562 (7/31),  626, 735,  632, 345, 354, 593, 536, 564, 593, 1300 (closed down about 800 (that is) 3% a historic record).  Looked at from a different perspective:

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Nasty nasty charts……

Posted on Aug 05, 2019 by .

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http://schrts.co/BqHgjEIa

With midday charts of Monday, not yet updated with the 700 point drop.  But you don’t need the real time update to see the wall (the Trump wall?) the market has hit.  True for the INDU and the SPX.  The more meaningful story is told by AMZN.

http://schrts.co/FfFwjZae

http://schrts.co/RRbQjDuh

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