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Are You Watching This Bitcoin-Gold Signal?

NowPress play to follow along0:00 / 29:44
Chapters15 segments · tap to seek
ticker lesson

Breakdown

0:00lesson

Market context and economic outlook

  • Economic event CPI on Friday
  • Interest rate announcement next Wednesday
  • Election season ongoing
  • VIX at low level despite market volatility
  • Market remains stock picker's market
2:41DIA· ticker

Dow Jones — range-bound, red screen

  • Dow 30 down over 600 points on YM
  • 30 short positions
  • Market in small trading range
  • VIX at 14 despite market murkiness
4:49IWM· ticker

Small caps — range-bound, resistance at 190.10

  • IWM down a fifth of a percent
  • Resistance at 190.10
  • Support at price gap
  • Descending trend line failed to pierce
6:54XLK· ticker

XLK — short position at 190.15

  • XLK resistance at 190.10
  • Short position entered with 190.15 stop
  • Support at price gap
  • Emerging markets up a third of a percent
9:04EWZ· ticker

Brazil ETF — short position at 39.20

  • EWZ short position at 39.20
  • Brazilian election ongoing
  • China slumping, bearish outlook
  • YANG up over 7% as triple bearish fund
11:07SpaceX· ticker

SpaceX — broke 150, bullish outlook

  • SpaceX broke 150, bullish step
  • SpaceX up almost 4%
  • Pent up energy released
  • Rocket Lab short position taken
13:26ABT· ticker

Abbott Labs — short position at 2.5%

  • ABT down 2.5%
  • Long-term trend line support
  • Stop tied to trend line
  • Torn on covering short
15:28BIDU· ticker

Baidu — short position at 7%

  • BIDU down over 7%
  • Topping pattern with more force
  • Stop tied to Friday's low
  • Bouncing rubber ball pattern
17:26Hilton· ticker

Hilton — head and shoulders pattern

  • Hilton A-grade head and shoulders
  • Neckline broken, measured move at 270
  • Slowly sinking
  • Measured move potential
19:30SHAK· ticker

Shake Shack — distribution top pattern

  • SHAK down almost 3%
  • Massive distribution top
  • Magenta pattern
  • Working out nicely
21:37Gold· ticker

Gold — long-term bull, waiting for crypto sell-off

  • Gold down $64
  • Waiting for crypto to smacked down
  • Bitcoin at 78.5k
  • Potential for gold at $4,000
23:51Silver· ticker

Silver — base aligned with crypto and gold

  • Silver base aligned with crypto and gold
  • GC down to $4100-$40250
  • GLD down 1.5%
  • Crypto and gold base alignment
26:00SMH· ticker

SMH — reentered put position, short with stop at 592

  • Reentered SMH January put position
  • Short SMH with stop at 592
  • Price gap as stop
  • Pattern lingering in range
28:03AMD· ticker

AMD — too strong to short

  • AMD too strong to short
  • SanDisk pattern ruined
  • KORU bearish with stop at $26
  • Leveraged ETF behaving cleanly
28:04Bonds· ticker

Bonds — range-bound, Fed data point on Friday

  • Bonds off a little
  • Range-bound, Fed data point on Friday
  • ES range-bound at 7,700
  • Need to break below level for bears

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