US Markets Turning Down – Is It The News Or Simply The Run Is Over
Allison Ostrander, Director of Risk Tolerance and Options Trader Specialist at Simpler Trading joins me today to address the move down in the US markets. Right at resistance there are technical reasons for a pullback to happen but there were also news events and data today that was negative. We balance out just how much was news driven and how much is the market remaining in a downtrend.
The move is probably over but it’s too soon to say with much certainty:
http://schrts.co/YwUrurSE
Fake News is all around us.
Substantially Democrat-controlled…..Do you still believe MSM is unbiased?
Do you still believe the stock markets are not sometimes manipulated?
How about political stories?
https://youtu.be/zIe7depsPRI?t=2344
I no longer believe much of any MSM; there is bias everywhere.
Maybe charts still work. But do not manipulators also have the same charts?
I agree DEBT is an ever increasing problem, but I am unsure as to how far cans can be kicked down the road.
Japan has been kicking for much longer than I though possible.
You “no longer” believe much of any MSM? You shouldn’t have believed the MSM at any point in your entire life.
Yes, charts still work and always will, manipulation or not.
https://jaytaylormedia.com/long-term-investors-pause-look-consider/
Some foreign MSM is still believable. Less with every passing year.
Agreed Matthew. MSM was always bunk, although even lame-stream media outlets still put out truthful news at times, but just enough to fool the sheeple with the rest of their BS.
As for charts, they absolutely still work and are a function of price action, and take into account all activity and sentiment on a daily, weekly, monthly basis. The charts don’t lie, and all the talk and postulation from posters of manipulation won’t ever change that.
Still in Mexus, Excelsior? If that freaking interview does not deliver next week, I think I will drop it. Now, I suspect they would not make that interview unless they had something important to say. So SOMETHING should happen between now and Jan 31
All the best,
Yes, I caught that 2016 move in MXSG from early on at $.0035 all the way up to $.20 for the largest percentage increase I’ve ever experienced on a stock in that short span of time. I sold a bunch on the way up, and kept a remaining core position in place that was at a zero cost basis.
There is no doubt it crashed back down when they ran into issues getting into production with their JV partner at the time MarMar over the last 2 years. However, they fired MarMar last year, which was the right thing to do, brought in more experts to assess their projects, and developed a new approach at the end of last year.
Fast forward 2 years later, and now they are building a new team, doing exploration definition drilling work again, and have most of the infrastructure in place to be able to move back into production with a more competent operator.
MXSG is very undervalued here, has very little debt, and ounces in the ground with Merrill Crowe processors and leach pads on the surface. This one could really surprise to the upside again this year, and I’m considering adding to my remaining position at these levels.
(MXSG) Mexus Stage 1 drilling complete; pays off $105,000 loan commitment; Plans to reach out to Itronics and explore its breakthrough technology
(GLOBE NEWSWIRE) – Jan 18th, 2019
“The company is awaiting assay results which will be plotted and produce a 3D Model used for interpretation. The final results are expected in February 2019.”
William T. Bogard (President) The Darco Group located in Newport Beach CA, joins (MXSG) Mexus Gold US to explore steps to start production on the mining assets.
(GLOBE NEWSWIRE) – Jan. 16, 2019
To be clear, at this point I still consider MXSG Mexus to be a highly risky stock, and it isn’t one I’m betting the farm on, but I like the risk reward ratio here due to the assets they already have in place and the market has already discounted them down to failure, so if they get back into production the upside would be exponential from the current shareprice.
http://mexusgoldus.com/media-gallery/photos/santa-elena-mine-1/
The charts don’t care about the intentions behind the trades. Selling is selling and buying is buying. Bad guys influence outcomes just as good guys do but the fundamentals have their way in the end.
Bingo. The price action records all the action, and all activity regardless of whether traders feel some was manipulated or not. The charts don’t lie and don’t get it wrong, only people do if they interpret the data incorrectly. This whole notion of charts not mattering due to manipulated markets is flawed logic.
Glad you are still positive, man. It’s been brutal, and a new partner can’t possibly be as bad as the previous one. Hopefully, it will be announced soon. Fingers crossed!
Agreed. Again, I’m likely less affected than some shareholder with the zero cost basis position, but wishing the Mexus team all the success as they relaunch in 2019.
Ever Upward!
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GDX:SPY…
http://schrts.co/ItbAZIYx
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