Two years in a row August was down. This year was just a little worse than 2022 and it could have been a lot worse if this week didn’t come to the rescue. I am still positive for the last 12 months and will keep on digging. September of 2022 was ugly for the markets…
Month: August 2023
Quick update
I just want you guys to see what I see and all is good at the moment. We have our two indexes in Bull Flag Breakouts!
TSP daily charts as of 8/27/23
How crazy was our index Friday that we were following so closely? I will show you the minute chart below. Next week is the last week of August and it appears that it will end the month in the RED. It will be the second year in a row that August pretty much sucked. Do…
Standing down and doing nothing
Insane that price settled right on the decision level. I’m standing down until Monday and doing nothing today.
Is the party over for this one?
The question is, to bail or not to bail?
That was unexpected!
I think just about every trader on the market was a little taken back today because everyone was expecting follow through to the upside. Nvidia had a great report and the stock finished the day slightly up but the bad part of that was that it faded all day lower after opening up 6%. Now…
Do not panic until it is time to panic
How about that move on the stock market today? There is also more good news that is happening in the background that will likely continue to drive the market up tomorrow. NVDA, Nvidia had blowout numbers to the good side and everyone was worried it was going to be a bust. So this is where…
It is now a daily sell
We have one index that fired the final and 3rd sell signal on its daily chart. In order to cancel that sell signal this level will have to be recaptured.
A quick update on two indexes
We got some good moves today and we got some moves that are borderline. Do we bail tomorrow or is it another day to monitor?
TSP daily charts as of 8/20/23
It has been a very rough August and to be honest, I am a little shocked. It is not as if I am ignoring the markets or just watching them sink. Price on every index is just sinking continuously day after day and my sell levels are not broken yet. By the close of Friday,…
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