Friday Update

Everything is going smoothly. Thanks everyone for your patience! I should have more information on his return soon! I’ll keep you updated!


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55 Responses to Friday Update

  1. CampFreddie says:

    Still bullish here and I now have a revised target of 2882 on fut. Currently positioned long from 2626 and 2667 with trailing stops. Aimho Glta.
    S&P fut 4 x hour continuous :-

    • CampFreddie says:

      * Sorry – Revised target is 2842

      • Mary773 says:

        Greatly appreciate your technical contributions because you have been consistently right and I like to make money. There is much drama on this site, but for me the bottom line is…the bottom line.

        That formation is a Darvas Box, which I find interesting because I live and breathe this stuff. Maybe some others will also be interested:

        “Darvas Box is a great technical analysis indicator, with an interesting background and creator. Nicholas Darvas, a dancer by trade, made $2,000,000 in an 18-month period trading stocks using the Darvas Box method, while traveling the world on dance tours. The method is designed to capture emerging trends, and ride them for big potential profit, all while keeping risk contained…”

      • scottycj1 says:


        Think you are off by a few points 2845,,,,close enough

  2. cj32 says:

    Cr. to CBZ

  3. J.Wenger says:

    Glad to hear Tony is on the mend. Seems like the market took some time off and just moved sideways while he’s out…sort of like it has been waiting for him to return.

  4. Lee X says:

    My thoughts and respect to Tony and all the veterans on this upcoming Memorial Day.
    Hope you’re doing ok sir

  5. Those in SW Florida……A Low pressure system about 60-70, WNW of Key West.
    Spreading much needed rain to SW and then Western Florida, for the day….Moderate
    to Heavy rain in the Miami area will soon weaken a liitle and then move northwest to
    the northern coastal cities, Near Panama City.. Low pressure center expect to move inland to central FL by late today. Thus rain and thunderstorms should reach, much of central Florida today…as the storm center moves toward Panama Ciy FL by tonight…..end

  6. learnedmylesson25 says:

    Here’s some Avi on the dollar
    “Last weekend, I noted in my update that “it seems rather clear that we are now trying to complete a 5th wave, which seems to project to the 94.25 region.” As my writing this update 2 hours before the close on Friday, the high struck this week has been 94.25.

    Moreover, it does look like the DXY is completing an overlapping ending diagonal structure, which should provide us with a very strong reversal once it has completed. And, in order to provide initial confirmation that it has completed, we will need to break down below 93.60.

    While this deals with the near-term expectations, my larger degree expectations remain the same, as noted last weekend:

    Moreover, the next time we break below 93.13 could suggest that a much larger degree top may be in place. In fact, if my primary expectation of much lower in the DXY is going to take shape, then the next decline should begin as an impulsive structure. But, if the next break down below 93.13 is not impulsive, I may have to consider that the DXY may still be pushing higher for another 4-5 before we complete this current upside structure.

    Now, I do want to note that my a-b-c structure on the daily chart is a bit unorthodox, since it has a very expanded b-wave structure. For this reason, I am going to be very careful in confirming that this pattern is now pointing down to 80 and below in the DXY as we go into 2019. Rather, I am going to need to see a solid 5 wave structure to the downside to kick off the decline, as noted above.”
    LML25:I’ll say this for Avi–he’s due to get one right.
    Happy holiday all.

    • mjtplayer says:

      Learned – I think you’re on the wrong side of the DXY trade. Be prepared for a massive move higher in the DXY over the next couple years, fueled by a loss of confidence in the Euro. This pending DXY rally will crush commodities into 2020

        • mjtplayer says:

          I don’t believe the Euro will hold the 100 level on the next major drop. If the Euro tests the mid 0.80’s lows of 2000-02, than expect the DXY to test the highs around 120. EM currencies (and debt) will implode. This is the next crisis over the next 2 years, a collapse in confidence in the Euro, European banking sector and EM will get pulled down with it via a massive DXY rally.

          Initially, gold will drop with all the other commodities. New lows ahead for gold, possibly sub $1,000 – but this will be a generational buy in gold as it will begin to rally with the DXY as the only other safe haven “currency”.

      • learnedmylesson25 says:

        Actually,I believe Kudlow will continue to push the dollar up.I’m just pointing out that Avi’s predictions have been so bad that he’s due for a winner.My scenario has been, if and when Kudlow quits/gets fired,THAT’S the buy signal for gold.We also have little rallies after the Fed raises rates.Other than that –not much positive to add on PMs.

    • ekhunter says:

      Learned, he has been consistently whipped around by precious metals. He always provide a few options and when it goes his way, he said he called it. Savage and Gilbert are two blind squirrels, “he’s due to get one right.”

  7. SP500 50 day is at 2601…thus, going to new price highs, soon.
    Is expected….

  8. fbender7 says:

    Glad to hear things are going well.

  9. Arthur Knopf says:

    SENTIMENT UPDATE: Whipsaw Likely Ahead

  10. elmer510 says:

    Thanks for the update..
    Hope to see Tony soon again.
    Tonight is soccer time . Real Madrid vs Liverpool FC in Champions League, Europe..

    • stcoleridge says:

      Dirty Ramos does it again. 🙂

      • fenster6 says:

        That was a very play by Sergio Ranos grabbing Saleh’s elbow and falling on it. Then gets a foul 10 minutes later by holding his face and yet the camera showed Mane didn’t make any contact

        the guy is a bad sportsman and a POS.

        • stcoleridge says:

          Absolutely, he’s been doing it for years.

          • fionamargaret says:

            …but Gareth Bale’s goal..unbelievable…hard to understand the physics, math, fearlessness involved, but there it was…..(actually there were 3 forces involved, but you all know that)…x

  11. cj32 says:

    cr. to CBZ

  12. stormchaser80llc says:

    Good luck on the medical issues!!

  13. Thanks, Christine. All the best for you and Tony.

    SP 500 and Dow. Hourly, daily, weekly and quarterly.

  14. Xy Z says:

    Thanks for the update, Christine.
    As I’m not one of those in the know, I can’t help but be concerned and interested in what is affecting Tony’s health. If you could throw any light on it I would appreciate it.
    Regardless, I hope Tony gets well/recovers soon and whatever it is that’s affecting him isn’t a long-term issue.
    Best wishes to you both (are you Tony’s wife or daughter?)
    Apologies for the somewhat probing questions but I bet I’m not the only one hoping for more info.
    Bill from the UK

  15. Appreciate the good news on Tony’s progress & looking forward to hearing from him again!

  16. Excellent news from Christine!

  17. Excellent news from Christine Caldero!

  18. lunker1 says:

    Get well soon Tony

  19. Lee X says:

    Thanks Christine

  20. Gary Lewis says: TLT – Added more long term puts at the 20 week average. Still waiting for it to fill the gap at 120, thought the squeeze might get it up there but the 20 week average seems to be pretty formidable resistance. Let’s see what happens 😉

    • phil1247 says:

      gary agree
      bonds are bearish
      exited longs today but i did not put shorts back on yet
      i need to see the extension long fail to go short
      if it rallies above 119.96
      it can squeeze up to the full retracement at 124.6

      targets at 113.4 then 110

      good luck and have a great weekend

  21. learnedmylesson25 says:

    The blog definitely needs some guidance,so goldfingers crossed.Thanks Christine and continued healing Mr C.

  22. 123 abc says:

    Thank you Christine; best wishes to you, Tony & family.
    Presumably, you are Tony’s daughter or niece? Has he taught you the inner secrets of the OEW masterworks?!


    • fionamargaret says:

      ..beautifully crafted 123, I just think a different ending….and in the vein of DH (Lawrence)
      I would have a downward thrusting movement through the visible support line…

      • Xy Z says:

        Hi Fiona.
        To what level through the visible support line would your downward thrusting movement go to and over what timescale?

      • cmparis says:

        Hi Fiona – What has you thinking the next leg down will be so deep? Curious

    • quickrick38 says:

      I certainly can’t speak for fiona, but my reasons for thinking that a drop right through the floor of the triangle are these; The ‘A’ wave drop was 350 pts. A drop from the ‘D’ wave peak would be only 160 pts. Would the market be satisfied with that much smaller drop? Next look for suppport lines below the floor of the triangle…

      the next lower support would be the 0.618 of the ‘A’ wave. Next lower support would be equal to the ‘A’ wave. Hmmm. It would not surprise me of the drop bounced a little off the floor of the triangle and then went hell bent for lower.

    • kingfrogcash says:

      thanks for the chart 123abc. It looks like the iv target keeps moving away. I compared this to yours from 5/11 and you had iv around 5/21, now it looks 6/3ish. Sideways action, small range bound.

      • fionamargaret says:

        You have managed to read my ideas well Rick..nicely done.
        I think 2532, 2465, 2340….maybe even 2215…..Downward Alternative.
        Momentum downwards with folks sitting in profits, and the progression suggesting 2609 was the top (thus we are over-extended), would feed on itself in an overpriced market.
        Time wise I don’t think it would take long, and set up a nice buying opportunity for later in the year.

  23. pooch77 says:

    Get back soon Senor Tony

  24. purplember says:

    thanks. i continue to pray for Tony’s health.

  25. micky says:

    Thanks Christine.

  26. rd3777 says:

    Wonderful news!
    A classic topping count….

  27. Mary773 says:

    Thank you.

  28. That’s great news. Thanks for keeping us updated. Have a great Memorial Day weekend and God bless ya’ll.

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