Tuesday morning

Thank you all for your well wishes. Working on getting back up to date with the charts, etc. Planning to continue the weekend updates, and post during the week when there is something important. Thank you for your patience.

About tony caldaro

Investor
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571 Responses to Tuesday morning

    • emuntrader says:

      Crash modes usually happen when price is below the trend lines, and all the trend lines are pointing down. Volatility to ignore happens when all the trend lines are pointed up.

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  1. Yesterday, Friday, June 9 is the first day since the crash this past winter that Percentage of SPX stocks above their 200 Simple Daily MA is moving up, i.e. yesterday was a new high.
    64.40%

    Seeing is believing.

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  2. hohoho598 says:

    This is really not the site to talk politics, but in my opinion every so often there comes a time when a certain individual makes a positive difference to this world, either spiritually (Jesus), charitably (Mother Teresa), economically (Donald Trump). We don’t necessarily see it at the time, but the results are apparent after the fact.
    Garry/Holly you are a lunatic, get back on your meds. I feel sorry for the other blogs do you trash with your cut and paste diatribe.

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  3. alexh110 says:

    SPX did more or less what I expected today; except the 2756 low occurred in the pre-market rather than intraday (and went a bit deeper).
    Think the path is now clear to the ATH and well beyond, and will be looking to add longs on Sunday night.

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  4. lunker1 says:

    SPX up VIX up
    seen this one before

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  5. cj32 says:

    Cr. to CBZ

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  6. I am desperate!

    I mentioned an insane election over a YEAR AGO. Was BANNED because of my opinion, and was adamant it would lead to financial and possibly military disaster. I was told I was the insane one. How is it possible I saw thru the CON yet almost everyone that voted for him then see nothing changed? A 44 percent rating? THAT has been my desperation to understand how people can delude themselves to such a degree. The man is attacking our allies, pardoning himself, separating children from mothers while declaring it’s the work of democrats and to this very day wants to have RUSSIA join in on meeting. Is there nothing he can say or do to affect that core? How does a person register his actions and accept them? No wonder the market marched on. Slow in the uptake? Will never understand what I consider common sense and simple analytical skills being tossed aside for over a year.

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    • mcgcapital says:

      Christ.. why do you lie and embellish stuff so much? I’m no Trump fan and don’t agree with a lot of what he does but some of what you’ve written there just isn’t balanced.

      Firstly can’t you see that you were banned because Tony has said no politics as a rule, yet you continue to talk about it and repeat the same things over and over. He warned you a few times but you ignored him hence being banned. Absolutely nothing to do with you being a democrat or bullish or bearish or whatever. While you’ve been having a break the last few weeks the politics talk had dropped to a minimum.

      In terms of what you’ve written.. where’s the financial and military disaster? You just can’t really describe it as that if you’re being objective. On the military front you can’t argue that he’s achieved favourable outcomes so far with ISIS and North Korea. Financially the budget deficit might be a problem down the line, and the tax cuts were ill thought out (IMHO), but thus far there’s no financial disaster either.

      His style is to go in hard to get a deal, and with trade this isn’t going down well internationally… but so far it’s still not escalated into anything more than rhetoric and a few tariffs. That’s why the market doesn’t care because at the moment it’s not at a point where it affects growth, and we still don’t know how much of this stuff is going to come into force and when. Markets tend not to worry about negative stuff that might happen at some point in the future, but might not even happen. And because it’s a gradual thing in terms of it coming into force and affecting growth it’s not probably going to lead to a huge repricing on its own. You can’t trade on this sort of thing alone.

      He’s not pardoned himself either, just said he could but he doesn’t need to as done nothing wrong. You exaggerate everything for attention.

      Seriously though.. get some positive stuff in your life and stop being so negative about things you can’t affect. It’s not good for your health.

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      • aahmichael says:

        Mcg, in regards to NK, Trump has not achieved anything favorable for anyone other than KJU. He’s giving KJU the summit that NK has always wanted without any preconditions or required commitments. In doing so, he has elevated KJU to a status he does not deserve. Trump talked tough in the beginning, but ultimately caved on everything because, as it turns out, Trump wants the photo-op even more than KJU does.

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        • mcgcapital says:

          Agreed.. will either be a positive outcome or nothing will happen at all, it’s yet to be determined. But it definitely can’t be described as a military disaster as there is dialogue and no military action. Obviously it can all change but if we’re talking about where things stand, then it’s not a disaster

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          • aahmichael says:

            They’re having a match.com meet-and-greet. 🙂

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          • tommyboys says:

            The meeting ALONE is an accomplishment that no
            President has met in decades. Huge regardless of any outcome. How can you miss this??

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          • aahmichael says:

            Nope. Any previous President could have easily had the meeting, however, none of them would give KJU such an honor without NK first getting rid of all of their nukes. The meeting should be the ultimate reward for NK. Instead, Trump is giving it away for free. Huge mistake. Ignorant mistake.

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          • tommyboys says:

            LOL – you libs. “could have” is NOT doing…🙄

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          • Tony Teo says:

            aah… Many ways to skin cat, non?
            Trump’s way may work. The other past Prezs did’nt even try or think outside the box too busy preserving their legacy? and Gary might concede when everybody when its QED!

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          • themoose101 says:

            Politics and polite discourse, though occasionally observed together, are rarely terms that go hand-in-hand. Things can get very quickly out of control on this site; hence, why Tony’s asked that politics be removed and we limit the discussion to the markets. There’s far too much chest-thumping and over-the-top competition here anyway when it comes to financial discussion; we don’t need to exacerbate things by starting political fires.

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    • Mary773 says:

      This world was never meant for one as beautiful as you..

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    • vivelaamo says:

      Surely there are many blogs or forums out there where you can talk politics? Nobody wants to hear it here Gary.

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  7. Thee is no way we go much higher. In fact I expect a sharp immediate drop Monday. Call me crazy but while the 10 day countdown is on hold the probability of TRUMP going all out on war is 100 percent. I know simply because the EU didn’t baby talk him with small gestures of conciliation like China did. China went the extra mile with 2 billion loans DIRECTLY affecting his pocketbook. Sweetened the pot with promises of 70 billion additional purchase in USA. Why the EU isn’t like those communist countries I don’t know. Perhaps they have integrity?

    If TRUMP can TWEET over weekend YOU are in trouble. If the Pulitzer prize winning President can stay in the clouds thinking he solved the mysteries of the universe then the market will hold out. Can’t be for more than a few days however. Imploding president. PARDON the expression.

    Anyone want to pace a bet where THEY leave this blog if I am wrong. Here it is: If by 6/22/18 we do not drop below 260 on SPY I will say goodbye. No more rants on El Presidente

    I want a list of names against my own. Many many names. Easy. Come on guys since my bet is so outrageous and lopsided towards failing surely you can give me 5 to 1 odds. That’s 5 names for mine. Start listing. FIVE to ONE is fair. In fact it is unfair for ME but I love to be the underdog.

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    • E says:

      Even if you win the bet, who can prove that news or EW wins? Right now, you say we are sitting on the brink of bad news. I say we are on the cusp of a wave v breakout or truncation. Now when Monday comes and the market goes down, would it be the news that causes the truncation or the EW that forecasted the news? If the market goes up, would it be the news that triggers it, or the fact that an EW wave is just continuing?

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      • Don’t know, don’t care. If Monday is in rally mode I obviously will not add PUTS. Inconceivable to me we rally while a trade war escalates. crazier things have happened.

        I “see” a setup for a large breakdown but the last time I announced it I was wrong. Timing sucked then as it might now. BUT I am pretty sure we have a retest of 253 and soon.

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    • Gary Lewis says:

      you seem extremely desperate for attention. Feel sorry for you.

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    • TRUMP proposes his own Group Meeting. Russia, China, Turkey, Philippines, Egypt, USA. The D6 stands for dictator. Only sticking point is who sits at the head of the table. Putin not going to give it up unless trump promises to lift all sanctions and have that Joint Cybersecurity setup in the White House with all Russian Equipment (this was no joke, actually was accepted by trump but got shot down soon after).

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    • scottycj1 says:

      You wont leave….who else could you talk to other than the 2 or 3 other people inside your head…..Holly, Newbie, Gary. Dont you get it ? NOBODY here cares about your anti Trump rants…..go see a psychiatrist. Get help.

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    • Theodore Lerts says:

      Good riddance shitbrick

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    • aahmichael says:

      I’ve never understood why so many people on this blog have a need to make their trading a personal competition against others here. Everyone who does that reveals their serious emotional issues. Have you ever seen Tony do that? Of course not. Everyone on this blog should aspire to be like Tony.

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      • SPYtrader says:

        “Everyone on this blog should aspire to be like Tony.” When is the last time you read a post from Tony ranting on so much hate for Trump that all he cares about is the market tanking so he could feel good about blaming Trump for it. I don’t ever remember him doing it.

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    • stcoleridge says:

      I’ll definitely take that bet. Your size is my size sonny, as they say.

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      • stcoleridge says:

        By the way you can’t even express your thoughts coherently. Don’t you mean that the person losing your bet would leave the blog if you were, miraculously,
        RIGHT. Sorry I know you probably hate that word, hence your error.

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    • vivelaamo says:

      I’ll taks this bet too. Will happily risk leaving the blog if it means you no longer post your emotional political rants.

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  8. Bill Manscoe says:

    I wish had the typing talent that Gary/Holly has

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  9. stcoleridge says:

    2780 pivot doing its job, for now. Most likely to close around 2780 and then the o/n algos will ramp it up to the 2798 pivot on Sunday evening for your usual gap up Monday opening. Easy.

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