Chris Vermeulen - The Technical Traders – Tue 30 Jun, 2020

People are not afraid to buy stocks but a correction is due

When it comes to US markets there seems to be a lot of investors willing to buy dips. Even in this short term minimal downtrend a correction is due.

Chris Vermeulen joins me to share his thoughts on the potential of a correction in the near term. Also what a correction would look like in terms of level and the other markets that would be hit.

Click here to visit The Technical Traders website.

View related posts on: , ,

Comments:
  1. On June 30, 2020 at 2:50 pm,
    OOTB Jerry says:

    Law and Order?….or Just Control…..? Got Crytos…..maybe not for long….
    https://www.zerohedge.com/crypto/under-new-law-cryptocurrency-could-become-illegal

  2. On July 1, 2020 at 6:34 am,
    OOTB Jerry says:

    Comex delivery……
    https://www.sprottmoney.com/Blog/extreme-comex-delivery-demand-continues-craig-hemke-june-30-2020.html
    Oh, and be sure to note that ALL of these deliveries are taking place through the traditional COMEX Jun20 futures contract. Remember that new contract mentioned above? The one that purports to “deliver” fractional ownership certificates in London bars? The total amount of Jun20 “deliveries” for this contract was…wait for it… EIGHT. Not 8,000 or even 800. Just EIGHT. It certainly appears that the global gold market immediately recognized this new contract for what it is…

    • On July 1, 2020 at 8:21 am,
      Excelsior says:

      TF Metals – Craig Hemke on Twitter – 4:45 PM · Jun 30, 2020

      “I don’t know but this might be sort of important…”

      https://twitter.com/TFMetals/status/1278082338258325504

      • On July 1, 2020 at 9:34 am,
        OOTB Jerry says:

        Cup and handle of the day….. 🙂
        Humm…….kind of what we have been talking about for a couple of monts… 🙂

        • On July 1, 2020 at 9:36 am,
          OOTB Jerry says:

          monts…….months……

          • On July 1, 2020 at 11:42 am,
            Excelsior says:

            Agreed – the cupeth runeth over…. here at the KER…. 🙂

  3. On July 1, 2020 at 8:18 am,
    Excelsior says:

    Edward Gofsky on Twitter 9:24 PM · Jun 30, 2020

    “Silver. Monthly Close. Looks like the breakdown out of the {Parabolic Curve} was a massive fakeout “Bear Trap” as silver immediately re entered the curve. This is very bullish action which should be expected as global CB’s just printed $20 trillion fiat dollars. $GLD $SLV #silver”

    https://twitter.com/EdwardGofsky/status/1278152549724327936

    • On July 1, 2020 at 9:39 am,
      OOTB Jerry says:

      Silver can not get a break……..break out, that is…
      JPM……still holding down the silver,….not wanting to give the little guy any hopes…

      • On July 1, 2020 at 9:40 am,
        OOTB Jerry says:

        No problem, when it finally breaks…..silver to the moon…. 🙂

        • On July 1, 2020 at 11:43 am,
          Excelsior says:

          “By the light of the silvery moon…”

      • On July 1, 2020 at 2:30 pm,
        David says:

        00TB
        JPM didn’t get a RICO charge for nothing…on the other hand, nobody has gone to jail either. Funny how that works.

        • On July 1, 2020 at 2:46 pm,
          OOTB Jerry says:

          David……….JPM……..has a multitude of violations in the last 10 yrs……fines are a drop in the bucket , cost of doing business….when you are the printing press partner…..the joke is on the sheeple for thinking CFTC….has changed….

          • On July 1, 2020 at 2:48 pm,
            OOTB Jerry says:

            I originally , thought Trumpster, would appoint someone, besides a bunch of the same crooks, ….what a joke…

        • On July 1, 2020 at 5:20 pm,
          David says:

          00TB
          All of them say they will fix things then after elected they fill the Administrative Branch with Goldman people. Then the Serfs immediately defend their POTUS. Dumbest thing I have ever scene. I know that only a few care. It’s like getting parasites to handle your stock trades.

          • On July 1, 2020 at 6:09 pm,
            David says:

            Along with spelling: scene equal seen. Thanks for not kicking me to the curb. drop-kicking still open.

          • On July 2, 2020 at 5:40 am,
            OOTB Jerry says:

            Good observation David………many can not see it, and many do not care……but, now they should care…..because they are going to be DEBT SERFS for life….When taxes on real estate are un affordable , is when they will wake up.

      • On July 1, 2020 at 7:46 pm,
        David says:

        I have often thought that POTUS candidates ought go undergo mental testing before qualifying and that they sign a pledge that they will not hire anyone from the Fed or the member banks to work in the Federal Government. We obviously aren’t even in the same town as the ballpark for that type of opinion. Bring on more crazy criminals. Voters love them.

        • On July 2, 2020 at 5:43 am,
          OOTB Jerry says:

          The light bulb has not been turned on yet in most cases. The sheeple will always be in the dark…..itching ears……they love it…. LOL

  4. On July 2, 2020 at 6:42 am,
    David says:

    POTUS pumping stock market and pushing bogus employment #s. No mention of last months 10 million error. It is obvious that the only thing he has going for him is the false economic #s and market manipulation. The transfer of wealth continues as the people suffer the actions of The Fed. Let’s see if metals can throw off the algo misdirection.