Monday update

After careful consideration I have decided to cut back the number of posts per week to three: Tuesday, Thursday and Saturday. Thank you for your understanding.

About tony caldaro

Investor
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75 Responses to Monday update

  1. art cashin a billion dollars on the sell side at the close. looks like 4 down started to 2720

  2. H D says:

    “number of posts to three” Well…. at least Lee will be happy. :mrgreen:

    Tony we will take whatever we can get! It’s been a privilege to read your work and learn from you over the years. Thanks for everything.

  3. Small pull back or is this the start of a 4 down to 2720 ish? Hymm

  4. purplember says:

    phil i hung on to CL long. it just keeps running

    • phil1247 says:

      yes
      61.86 retest of ext long was a gift to buy this am
      unfortunately sold too soon at 63.01 target……..it went thru

    • phil1247 says:

      look at gold purple
      1311 held ……
      only gold …….
      ….not miners and not silver

      cl ……..high risk
      gc low risk

      • purplember says:

        i’ve been watching GC. quite a run from $1,238 i’m hoping for 50% pull back or good entry to get in. that hasn’t happened

        • phil1247 says:

          purp
          its not gonna happen unless ext fails at 1306

        • fionamargaret says:

          …don’t overthink gold purple…just buy and hold.
          if it is a 3 like I think it is, gold is going much higher, and GDXJ will double.
          I suggest all the commodities trading at extreme lows..DBA, COW, DBB, and DBP for gold, silver (which is still bearish), platinum, offset by treasuries.
          This week in the FT I suggested the same thing. If stocks are overbought and commodities are at the lowest they have been in years…..buy the commodities.

  5. torehund says:

    ..message to the market !

  6. Peter Sliney says:

    The Dow smells 30,000 and barring a couple small pullbacks we’ll be there most likely by the end of the year.

  7. vivelaamo says:

    Wonder what happened to Newbie and JK. Poor guys just wouldn’t listen.

    Anyway hope every one is cleaning up. Don’t try and understand it. Just join in.

    • phil1247 says:

      and what about A H michael ?
      told you he would disappear if we rally after the friday fakeout plunge

      • vivelaamo says:

        Didn’t know Lunker was holding the fort so missed quite a few posts.

      • H D says:

        6th trading day of the year and already stirring the pot aye….very unprofessional IMO to gloat about market calls made by Tony’s readers. It’s not like they were pounding the table about some imaginary brick wall in oil and calling for $14.

  8. vivelaamo says:

    Add add add 😀

  9. Ira had it as a 1% chance of staying over the upper bb for the 5th day on the SPX.I had 60% in stocks the last month-20% in gdx.Selling all 60% for a bb pullback.Good luck all.

    • Bud Fox says:

      yes, thank you. Alway nice to know what he is saying.
      You talk to IRA, tell him Ray Kalenda remebers him.
      But, then again. That was many years ago.

      Thanks

  10. 2755 hit blast thru or roll over. at this point no one would be surprised if we just chug right on up to 2785, because we can

  11. Avi’s big support level (23.05)broken.He says that would fail to confirm the move over 23,35 as impulsive and a gateway to 25 and beyond.So now,in my opinion,you have to look at this first week of January as possibly a fakeout.My six month system hasn’t chosen a bullish or bearish direction yet.Getting over 24 or under 22 would do it I think on GDX.Good luck all.

  12. If 2755 is exceeded, then next target is 2785 where wave 3 is 2 x wave 1. Before a wave 4 pull back and final wave 5 just for micro 3 to 2840 where 3 is 2.618 of 1. With a micro 4 and 5 still to come. Then a 5 percent pull back. Truly amazing. , let’s see if it clears 2755 first,
    So in my opinion, if 2755 holds. Micro 3 target is 2785. And micro 5 target around 2810.
    If 2755 is exceeded, micro 3 target 2840 and a micro 5 target 2875.
    I believe 2755 should hold and a pull back should start today down to 2720, but this is a monster bull.
    Good luck all

  13. mjtplayer says:

    No problem TC, just glad that you’re back! Hope you are getting better/healthier in your recovery.

  14. Bud Fox says:

    NYSE – broad market, is starting to reach overbought levels/expensive.
    Yes, $NYA50 could go a bit higher, but that would only increase the overbought
    level of the general NYSE market, in my view.

    • fionamargaret says:

      Yuga Wang gives a totally incredible performance of Mendelssohn’s Piano Concerto #1 in G Minor.
      Close your eyes through the second movement – Andante – and just let the music find its own way to your inner feelings….
      What a thrill ride….now that is musicianship…x

      • torehund says:

        Fiona we should have bought it earlier. But easier to short a bubble than join it early. Remember being stunned by Go-Pro naming it a good short at around 100 usd, now it trades at 6 usd. Didnt trade it. But its still safer still to wait a bit shorting the bitcoins as major currency moves might give it that elusive needle spike….

        • fionamargaret says:

          I shall leave the turbo-charged trading to you Tore, while I just work out number probabilities, and the safety of trading oil…thought that would make you smile.. x

          • torehund says:

            My account has a death wish, l actually meet myself anew alongside shrinking funds, and feel more in tune with the creator😂

            • fotis2 says:

              My account(s) completed its death wish twice in 6years busy with the 3rd one now I know when no one comments on a view I am on a winning trade finding myself alone in the prairie is the right spot for trading profitably most definitely a loners sport

  15. Ira is still hanging in there with gold–because its embedded.GDX will not be by tomorrow,it appears.We’ve seen GDX get hammered in situations like this numerous times.May not last long,but 2-5% losses are very possible this week for GDX.Good luck all.

    • I see USD/YEN has made a sudden move down to 112.58.Any reason why?

      • fotis2 says:

        The central bank bought JPY190 billion (US$1.7 billion) of 10-25-year paper, compared to JPY200 billion at its last operation. It bought JPY80 billion in longer, 25-year-plus bonds, below the JPY90 billion purchased previously.

        CBs to the rescue ahh my kingdom for a free Market…..backed by Gold

  16. purplember says:

    CL hit $62.51 then drifted lower after hours

  17. syedsma says:

    Hi Tony,

    I sincerely hope that this episode was just the Wave 2 (of your health) and now you are embarking on Wave 3, which will sub-divide and sub-divide and ……

    God Bless You.

    -Syed

  18. makiori says:

    My humble suggestion is not to commit to anything.
    If and when you feel to write something we will read it greatefully knowing that we are getting another piece of your knowledgeable insight, and another example of selfless generosity.
    Project, monitor and adjust.
    There is a time for everything and everyone, maybe this is just time to adjust…..
    God bless

  19. 123 abc says:

    Cryptocurrency bubble appears to be over, and a spectacular crash and bear market seems imminent.

    Bitcoin may bounce towards approx $15500 on Bitfinex, followed by a crash towards $7000-$8000, and then eventually to $2000-$4000.

    Majority of other cryptocurrencies may cease to exist.




    • stockop says:

      abc, love the charts, keep it up. not a Gartley until it tests the whole PRZ. and thats saying it doesnt extend (bitcoin always seems to extend). got a real bearish bitcoin count after the past few days. potential ED with a truncating fifth soon to be….the alt count is a lot more gains.

  20. bouraq says:

    Understandable Tony. Don’t let the market suck you in very soon. 😀 Wish you the speediest recovery.

  21. I’m sure Mr C loves doing this and when feeling good,had no problem with the everyday work needed to keep this going.I hope that if Mr C’s health improves enough,that an everyday update could happen again.No advice from me on anything else–which he hasn’t asked for in the first place.Best wishes for future improved health.

  22. Getting your updates in my inbox, as I have for the last ten years, has been a great gift. Thanks for sharing your time and knowledge. Enjoy your life!

  23. Greg Polites says:

    Thank you Tony for your continued dedication. Praying for your full recovery – feel better soon, Greg

  24. Tony,
    Your needs are number one! Keep on the road to recovery and don’t worry about anything else.

  25. I think that’s a good idea Tony. I appreciate all you do.

    spx 15 min broadening top anyone? probably don’t mean anything though….:)

  26. Tony my humble opinion is Just update on weekend and weekday if warranted .Meaning any move of signifigance or potential changes in trend.

  27. Xy Z says:

    Thanks for letting us know, Tony.

    Hope you continue to get well.

    Regards from the UK.

  28. kvilia says:

    Tnx Tony – feel better, get rest.

  29. kjb0 says:

    That is a great idea Tony. Lee scared everybody away anyways.

  30. phil1247 says:

    good idea tony…
    even twice a week would be great …..like wed and sat
    that way you can get more rest

    you had me worried for a while tony………

    while i know that God answers all prayers…….
    i also know that the answer is not always yes …..

  31. Glen Robins says:

    Tony,

    Hope you get to feeling better…soon

  32. charlie tabio says:

    Thank you Tony. No one would do what you do for us. God bless.

    ________________________________

  33. fotis2 says:

    Tx Tony hope you feeling better.

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