Market Outlook

Favor us with your consice and lucid explanation for exactly what is an "intra bullish chop warning" ?

This is a first, and should be thoroughly documented. Murphy may want to add this to his next revision.

 

Reminder - NZDUSD daily still shows megaphone (ie bearish)

 

We probably won't ever breach the 666 low. Well, maybe in 500 years when the US ceases to exist as a civilization.

 

Its his way of admiting he's wrong. Gold is going up, alot.

 

Ok, GrandSuperPooper, you want trades published. I think I have been doing that with you. Here's another.

Order entered for 6 more units (total 18) long on XAU/USD at 1757.5. This is an order, GrandSuperPooper, not yet a buy. This will increase my average price to 1737.5. -10 point trailing stop will start at 1747.5 for all 18 units.

Current XAU/USD price: 1754.25

 

AUDCAD daily starts leg down as equities break down further.

 

SP500/DOW/NASDAQ overextended charts still dominate - suggesting sell off this week ?

 

When it rallies it signifies there will be a selloff.
When it sells off it signifies there will be a selloff.

 

Well, at least you are showing a snippet of humility.

Look at any chart you want - cash, futures, whatever. Make it consolidated or continuous or whatever. Switch to a monthly timeframe. Ask the same question.

Then get a bit more humility. You have been saying this market is "overextended" for what, three months plus already ?

 

Actually, if you look at his blog, he's been saying this for a couple of years.