CanOz's intermittent and sporadic trades

[CanOz]

Stellar day yesterday adding to max out the trend. Still testing.

 

[CanOz]

Dax now struggling to hold 12000....if I were free I would look for shorts

 

[CanOz]

FDAX looking toppy. Just shy of an outside day on Friday after a pretty good rally.

I'll be on my desk for a full 17 solid trading days, as the missus and kids have departed for Shangers today. Roll on Volatility!

 

[CanOz]

Other markets to watch this week:
Copper: Flag, potential upside yet?
GC: retested and ready to resume the trend lower?
CL: continuing the march towards 77.57 (BA)

AUD - Continuation lower
EUR - Need support for reverse H&S to come into play
JPY - Major support coming up at .8793

 

[CanOz]

The SPI with a bullish flag...people always underestimate the power of unlimited money, welcome to MMT folks, who would've known...

 

[CanOz]

The FDAX has, for all intents and purposes met its H&S target and retraced it again...levels are clear for bias.

 

[CanOz]

One thing is for CERTAIN. The ES must spend time in one of these zones before it can move anywhere now....the market must accept value now, unless MMT implies greater asset inflation...

 

[peter2]

I agree that the ES will most likely stay in your zone 1 for another year or two.
Dips into zone 2 will be buying opportunities.

 

[CanOz]

I agree that the ES will most likely stay in your zone 1 for another year or two.
Dips into zone 2 will be buying opportunities.

Hi Peter,
I like your thinking....Anything can happen, however for my context,

Zone 2 more than 3 will remain a vacuum for the ES....in that once in that zone again and below 2443.75, we are likely to test the HVN of zone 3 (2025) as a minimum.

I believe the Fed's stance can dictate the next move and there is no way equities will suffer if treasury yields are in the toilet....but for how long? Now is the time to watch Gold closely, as well as emerging markets for risk. After a decade of easy money this is where things come undone, get sticky...

Another good perspective on this is the Macrovoices podcast...

 

[CanOz]

Regarding Palladium, There is an out sized opportunity for the day trader here now that the trend is broken. We should expect better than normal volatility. PA must consolidate in one of the zones before moving remarkably again...plenty of intraday opps available now...long PA to 1396 and start thing of shorts there....worst case 1428 but still no long case is good, this bubble has burst.

 

[lindsayf]

View attachment 93458 The SPI with a bullish flag...people always underestimate the power of unlimited money, welcome to MMT folks, who would've known...

MMT?

 

[Joules MM1]

good question



here's a better one :

 

[CanOz]

Just bought my first UPS. Brisbanes storm season is a kettle less risky for me now...

 

[CanOz]

Screens all working....lots of tidy up left...

 

[CanOz]

Big screen TV installed too, audio visual nearly complete...

 

[sptrawler]

I love the 'cluttermatic' under the desk , you have way too much time on your hands.
It looks brilliant Canoz, great view.

 

[CanOz]

Thanks SP. Once I get some time I'm going to change the decor in the man cave....wish list is led lighting, sit stand desk, a wall mural (skin) and bifold doors

 

[qldfrog]

"wall mural (skin)"
Hopefully nothing sinister
A man cave , not a dungeon

 

[PZ99]

Nothing wrong with a dungeon mate. LOL

View attachment 97251 Screens all working....lots of tidy up left...

Nice work with Windows 8

So my cave is still on Windows 1 - led lighting comes up as a star field when it's dark.
11m underground so getting a reliable internet signal is the challenge...
The plus side is free power and cool ambient temps.

 

[CanOz]

Nah the skin is like this :

My internet would be a challenge as but I have my patch panel in the garage, so I'll patch it on from the 4g in the upstairs retreat area by ethernet able.