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…”

        Liked by 1 person

      • scottycj1 says:


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

        Liked by 1 person

  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.


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