About this blog:

CURRENT MARKET TREND: Down on 1/24/2020






Thursday, June 11, 2020

SPX to 2800-2700 in Wave B or 2

SPX has been on a moonshot, but the put/call ratio has shown there needs to be a correction and that's where we are at. Nasdaq has wave A up in the third wave an ending diagonal, wave B is next. SPX has a clean 5 waves up in wave A or wave i and needs a retrace to 2800-2700 in wave ii or B.

Won't let me post a pic so I'll toss it in the comments

Wednesday, April 15, 2020

OIL - 16.50-17.00 BUY!!!!!

Oil looks like it's tracing down the final C wave of a WXY correction off the 115 highs in 2011. The area I am most interested in buying is 16.50-17.


Monday, March 2, 2020

Next

we should see a large retracement down, but not taking out the previous low, followed by a monster rally that can be sold into on new recovery highs.

Thursday, February 27, 2020

Get Long 3030-3050

Some bottomy charts. Think we'll get a nice pop before we set new lows.





Wednesday, January 8, 2020

All Indicators Still on Buy: Ominous Charts Approaching

While indicators are still on BUY, there are some ominous charts appearing:


Negative divergences in SPX:VIX


















Rydex Bull Funds/Bear Funds
at heights seen on last two peaks:



















20 Day Equity Put/Call Ratio depressed:
















BPSPX Currently with Negative RSI Divergence:



















It is time to be prudent and watch for indications of a market top. Once I believe a top is at hand, and I do think we are close, the indicators on the site will change to sell. I expect the market to bottom sometime in April and end 2020 at 3488-3617.


Monday, December 16, 2019

A place for the Daneric Deplorables - unmoderated

If you want to utilize the comments they are NOT moderated. Fend for yourself! I'll post chart updates periodically.

Thursday, February 21, 2019

I think this blog is back!

The reason I never kept this blog up; basically is it's too much time for me to try and relay my tradings while trying to run a business, taking care of two young children (who try my patience by the hour) and satisfying my wife. I trade both short-term and long term so the purpose of this blog will need to be long term since I can't keep up with the short term gyrations. I'm too busy fishing and tubing and playing hide the dinosaur. But it is re-open and the charts will flow.

Jim Genosky - non-Porsche owner