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Tim Knight Says This Market Fakes Out Both Sides on Purpose

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Chapters12 segments · tap to seek
ticker lesson

Breakdown

0:00lesson

Spider ETF and everything bubble

  • Spider ETF oldest, captures market picture
  • Everything bubble cannot escape
  • Debt creation sustains illusion
  • Normalized values are flat
  • Nominal values used for charting
1:59SPY· ticker

Spider ETF bearish, trend line resistance

  • Spider controlled Z, today's lows same as Monday
  • Failed retrace to support
  • Need to break below blue line and gap
  • Throwing away Monday's rally is a start
4:05Dow· ticker

Dow weak, multi-month lows

  • Dow weak, near multi-month lows
  • Bearish engulfing pattern
  • Failed to break trend line
  • Dow is flimsy, weak
6:26EFA· ticker

EFA lower, retracing to Wednesday lows

  • EFA in lower portions of Wednesday
  • Rallied and then pooped out
  • Back to Wednesday levels
  • Potential new multi-month low
8:39Dow Transportation Index· ticker

Dow Transportation bearish, failed trend line

  • Dow Transportation broke multi-year trend line
  • Failed trend line, distribution pattern
  • Price gap, six red bars
  • Sweet bearish chart
10:53AVIS· ticker

AVIS meme stock, failed breakout

  • AVIS became meme stock, price action followed letter C
  • Rushed to 800 from 100
  • Barfed all gains
  • Weird financial anecdote
13:14CUBE· ticker

CUBE failed bullish breakout

  • CUBE failed to break gap
  • New support at Friday's high
  • Looking sick
  • Failed bullish breakout
15:36Bitcoin· ticker

Bitcoin reversing from mega top

  • Bitcoin reversing from mega top
  • Down several thousand since Monday
  • Mixed bag in equity
  • American Bitcoin down over 3%
17:51Gold· ticker

Gold hammered, vulnerable to sell-off

  • Gold hammered, vulnerable to sell-off
  • Next breach at 4,300
  • Trend line break would be very bad
  • Miners selling off
20:00HYG· ticker

HYG down 71%, interest rates rising

  • HYG down 71%, IEF down 1%
  • Interest rates rising, bonds important
  • Bonds could fall faster post-election
  • Big moves in interest-sensitive ETFs
22:10AOI· ticker

AOI short, down 5%

  • Short AOI, down 5%
  • Trimmed profits on Cracker Barrel
  • CIN short, down 2 2/3%
  • KLA not short, too robust
24:26VIX· ticker

VIX lower than low, premiums tiny

  • VIX lower than low, premiums tiny
  • Potential downside is small
  • Cyclic market, big move expected
  • ENQ failed channel, trend line broken

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