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Tim Knight Is 100 Percent Short and Just Started Buying Gold

NowPress play to follow along0:00 / 24:21
Chapters19 segments · tap to seek
ticker lesson

Breakdown

0:00SPDR S&P 500 ETF Trust· ticker

Spider — down 0.5%, breaking below range

  • Spider down 0.5%
  • Breaking below range
  • Right triangle top
  • Failure below range
  • Prospect of move into larger range
2:12iShares Russell 2000 ETF· ticker

Diamonds — down 2/3%, largest trade

  • Diamonds down 2/3%
  • Shorted at top
  • Covered and reshorted
  • Slipping nicely
  • Largest trade
4:15iShares U.S. Financials ETF· ticker

IWM — down 0.9%, smooth slide

  • IWM down 0.9%
  • Smooth slide
  • Bessant declaration
  • Move down
  • Not much pattern
6:20iShares U.S. Financials ETF· ticker

XLF — banks persistently propped up

  • Banks persistently propped up
  • Funhouse mirror distorted market
  • Should be allowed to fail
  • 2008 economy not blown up
  • Debt at $40 trillion
8:22iShares MSCI EAFE ETF· ticker

EFA — breaking down multi-week lows

  • EFA breaking down multi-week lows
  • Failure of trend line
  • Failure of distribution zone
  • Fallen nicely
  • Support at Friday's low
10:35China ETF· ticker

China — descending trend line

  • China descending trend line
  • Bought March puts $37 strike
  • Dumped at worst time
  • Rocket ship underwear
  • Summit before months out
12:44Mexico ETF· ticker

Mexico — symmetric triangle

  • Mexico symmetric triangle
  • Rallied up to it
  • Bearish engulfing pattern
  • Down 1.27%
  • Continued slide
15:01Crude Oil· ticker

Crude oil — triple digits

  • Crude oil triple digits
  • Push above earlier highs
  • Big round numbers
  • Debt at $40 trillion
  • Attention on $10 marks
17:00XOP· ticker

XOP — up 3%

  • XOP up 3%
  • SLB and VLOO mentioned
  • Incredible bull market
  • Not comfortable defining it
  • Precious metals to do great
19:11Gold· ticker

Gold — down again, 4,300 as level

  • Gold down again
  • 4,300 as level
  • Trend line support
  • Silver stable
  • Precious metals to do great
21:09Bitcoin· ticker

Bitcoin — bearish engulfing pattern

  • Bitcoin bearish engulfing pattern
  • Fall to 67,000
  • Political action driving rise
  • Senator Lumis
  • Crypto could start selling
23:24STRC· ticker

STRC — exhausted, easing

  • STRC exhausted
  • Easing a little
  • Crypto could start selling
  • Tech stocks weakening
  • Semiconductor shorts
23:25Cubes· ticker

Cubes — down 2/3%, silver possible

  • Cubes down 2/3%
  • Silver possible
  • Acceleration in selling
  • KU fund up slightly
  • SMH bearish
23:26Broadcom· ticker

Broadcom — down 1.43%

  • Broadcom down 1.43%
  • Ed Zitron's Haters Guide
  • Semiconductor shorts
  • Intel unchanged
  • KLA down 1%
23:27SanDisk· ticker

SanDisk — down over 2%

  • SanDisk down over 2%
  • Western Digital down 3.72%
  • Cryptoact about
  • Axon puts sold
  • Axon shorted
23:28Cava· ticker

Cava — down 70%

  • Cava down 70%
  • PE at 100
  • Cracker Barrel down 10%
  • Restaurant stocks weakening
  • BU down
23:29Axon· ticker

Axon — puts sold, shorted

  • Axon puts sold
  • Shorted at good profit
  • Still plunging
  • Puts up 100%
  • More to go
23:30Geog Group· ticker

Geog Group — lifetime highs

  • Geog Group lifetime highs
  • Core Civic up 4%
  • Rubric up 2%
  • Private prisons doing well
  • VCX crumbling
23:31ES· ticker

ES — S&P futures at skyhigh

  • ES at skyhigh
  • Slipped under blue line
  • Prospect of meaningful sell-off
  • Fed announcement tomorrow
  • Recipe to see

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