"You can't drink a baseball" Bob Uecker
Joined March 2011
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M C retweeted
$SPY Just a view through a different chart we hit my upper target...bottom targets possibilities only....level to level...hopefully we clear the DTL above and can march higher...//btw even if we fail the DTL above - we could still be building out a base off of higher lows....great that we reclaimed 5/9/19/50 and 200MA but under the hood a lot of stuff is still uninspiring
$SPY Is this why my engagement died on twitter? Is this what people think? Thought I have been very clear that i'm sitting on a lot of cash...have been calling this a deadcat.. stating we could rally to this level (Blue arrows on my chart )- and unless we closed above - still a dead cat ...the levels seem pretty spot on to me
M C retweeted
$SPY will try and get to more chahhhts before I get my grand-daughter (got postponed) to enjoy - in the meantime, if you liked any of my work, please consider retweets, likes, bookmarks and follows...this helps my engagement but also teaches the X algo that you want to see my tweets in your timeline
M C retweeted
$XLF now looking more likely that my base case is wrong (because some individual stonks ie $AXP look lower to me) that we hold that neckline *but* we did reclaim that important level at the close Friday...am bearish this index currently dashed lines are levels am watching below
$XLF nothing new - and don't forget this fugly H&S on my chart is NOT my base case (jsut to show current structure....and I still think it gets negated and we go higher....
M C retweeted
$WTI I see a lot of people calling for 90 oil ...and for Iran to close the straight (they can mine it, but we have drones that sniff those out now) and their boats are like fleas...annoying and ineffective but IMO the invasion (as unfortunate as any war is) was the most telegraphed ever ...every country said to get your people out...US sent tons of fleets to the region is there anyone who didn't see this coming?...currently in the camp that this will be a sell the news pop...and still thinking even if it wicks above my DTL that will likely be a great short opp. - so far 'path perfect'
$WTI spot on...and more room above as it follows the war mongering...I would love that DTL above as a likely good entry for short (revisit if/when it gets there)
M C retweeted
ICYMI - I desperately need a job right now...if you follow me, you know my skillset (limited but exceptional at what I do know)...Everything I trade is in tax-sheltered accounts = If I have to tap them now (I do) = all this goes away....DM's open.
M C retweeted
$SPX $ES $SPY on the 14th I suggested my base case was for another 1 1/2% down before resuming the grind higher Tuesday we went down another .64% -for a total of 1 1/2% from Friday's highs...While we're not totally in the 'all clear time to moon phase' - I think we're good to go post earnings season (With $NVDA being the big one upcoming) // Still 'path perfect'
$ES $SPX $SPY Updated....We lost the 6885 level we needed to stay on 'path' - Candle structure now looks more and more like the pre-April meltdown we saw earlier *but* i'm not in the doomer camp...two levels I am watching....my base case is another 1 1/2%ish down and then can return to the grind higher in March...but another 2 1/2%ish wick to bottom of my channel also possibility....level to level...Open mind
M C retweeted
$QQQ and the truth was somewhere in the middle - we did violate and re-enter the channel but boolishly engulfing close right on 'path'...chop chop till after earnings season then we start the grind higher
$QQQ only because we are still holding top of channel re-test I have left my path intact - however because the MAG 7 look lower still (see charts latter this weekend) I have low conviction this plays out...more likely we visit the dashed line below...open mind
M C retweeted
$XBI still nothing new to add as it follows my path... //NOTE though I still think we tap that lower line - we don't have to....currently just choppy looking flag
M C retweeted
$SMH still on path and still expectation that after earnings season people re-affirm the AI trade still gold
$SMH 'path perfect' but as noted a few weeks ago...wicks and tails starting to appear...leads me to believe more sideways chop (wicks and tails) as money continues to rotate away from tech and into defensives ...doesn't mean bearish...pause that refreshes (?)
M C retweeted
$DJI i'll just pat myself on the back and say no-one gets the read right better than I....'path perfect'
$DJI Tagged my 'path perfect' top we drew out months ago - moved path forward as we're still riding that beautiful multi-month ascending wedge ONLY if lost would it open the door to earlier channel top breakout below (red arrow)..and that's less than 2% lower...boolish (either way)
M C retweeted
$SI $SLV still think we start building out a bear flag (as opposed to grinding down the channel)....open mind...annotated chart for those who want to learn more about T/A // Weekly chart (2nd one) paints a more bearish pic...the one reason why I think we dont give up the ghost for another month though is that cluster os sideways-ish weekly candles from earlier...(tiny base) - weekly also better shows the buyer exhaustion + BTFD candles
M C retweeted
$IGV Apologies I didnt get to this...apparently my granddaughter is off for Presidents day week = Time with her> Time with charts
