While markets and almost all sectors are range bound look at the short interest in stocks
TG Watkins, Director of Stocks and Simpler Trading and Editor of the Profit Pilot website joins us to share his recent short term trading strategies and outlook for US markets, precious metals, and a few individual stocks. Since there are more active traders moving stocks currently he is focusing on the short interest to find opportunities.
Plenty of blame to go around and it’s not all simply a Democratic issue. We couldn’t afford to have a market collapse so don’t expect one. jmo
I said last night that SPY:GLD was out of time and today’s bearish breakout obviously helps support that call…
https://stockcharts.com/h-sc/ui?s=SPY%3AGLD&p=D&yr=1&mn=1&dy=0&id=p88950126903&a=976577908
Plain old SPY vs dollars is also broken…
https://stockcharts.com/h-sc/ui?s=SPY&p=D&yr=1&mn=1&dy=0&id=p21147022531&a=1026436698
The miners have been basing vs stocks for a month and now look ready to easily outperform…
GDX vs QQQ
https://stockcharts.com/h-sc/ui?s=GDX%3AQQQ&p=D&yr=1&mn=3&dy=22&id=p18685563818&a=1013313101
Great chart. Thanks.
Pair trades were the rage few years ago, everybody recommending pair trades. Never hear the term anymore.
This market is in the process of collapsing.
The combination of ineptness and corruption of the the Democrats is starting to take it’s tole.
If Newsom isn’t recalled cleanly, and by that I mean by this thing not getting drawn out over the the next few weeks, you can then know it is time to bail out and stay out. He is HATED by most everyone in California, outside of the partisan Dems.
Already evidence piling up about shenanigans going on around this recall vote.