I pretty-much took yesterday off as far as trading, after charting, and blogging right through the second weekend in a row! I had a dentist appointment, so it was a good excused to get away from the computer for a while, and go out for breakfast...
I'd like to take more trading days off in the future, but the market doesn't trade according to my schedule, and when global markets finally begin to spiral into water-fall patterns, I expect I'll be working nights and weekends, again.
What I really need is a vacation, and not during one of the busiest travel times of the year. I'm thinking ahead, like way ahead, like the tropics, in Dec.
Hundreds of Flights Canceled Across U.S. Today newsweek
The hardest decision I have is deciding where to go, and if you're the same way, then you will want to check out this valuable (5 star reviews) resource, and I should tell you that I may make a small commission when you purchase produces using affiliate links on this website. Much appreciated; win win!
Destinations of a Lifetime: 225 of the World's Most Amazing Places Hardcover – Illustrated, October 27, 2015 Amazon Link
What would really be rad, is to have a 3XTrading seminar in Las Vegas assuming the last of their water doesn't dry up! Maybe in the future, if I can ever complete the book..!
Even though I felt like I took the day off, I did watch the market action, somewhat (eye roll).
Trading was about as dull as I predicted it would be in the last update. Like I said, "the easy money has already been made", and the time to trade was when I sounded the warning several weeks ago.
The trend remains very much down, even after Friday's short squeeze.
Seeing $SOX higher. That's kind of encouraging... but I think the market is waiting for the ECB on Wed. Low Vol $SPX looks scary $SPLV pic.twitter.com/FCF4WHs2Cj
— Veteran Market Timer (@3Xtraders) June 27, 2022
The Fake Financial News
Of course Bloomberg continues to report this as a "bear market rally", while CNBC claims that we could see a rally. What does Bloomberg know? Who is feeding them the story line? And where was CNBC 3-4 weeks ago, when markets turned. It seems they're a little late to the party! And while I'm on the subject of the fake financial news, I think it was Bloomberg, I heard reporting that China is ready to rally? Really?
China
has already been on a tear for several months, even as it was being reported that China was on lock-down, due to China's 0 Covid policy.
Without revealing any charts, just look at $BABA retesting the recent highs again!
Trading Tip
Do the opposite of what you see the financial fake news telling you, and you should out-perform the market, just fine!
Market futures green as expected. Pretty much, #trade counter to everything you see on #CNBC, and Twitter, and you'll consistently win. #FinTwit
— Veteran Market Timer (@3Xtraders) June 27, 2022
Russia
2nd quick point I wanted to mention is what looks like an engineered false flag, which I predicted... over the weekend -
Market Update 6/25/22 - Weekly Market Wrap-up
2. I actually got spooked when I started creating some new short term charts, on Friday, and thinking about AG Merrick Garkand's recent telegraphed visit to Ukraine. What is the real reason for going there, and what are they planning, a Syrian style false flag? Is this a wag the dog moment? Anything to distract from the real problems, and a long list of failures coming out of Washington, not to mention $5 gas.
As tweeted yesterday:
Of course it's a false flag. To impress the #G7. #FalseFlag
— Veteran Market Timer (@3Xtraders) June 27, 2022
Do you see any injured Ukrainians in the picture above? Neither do I!
What's really hilarious is when the news warns you of "graphic images", and then nothing...
Russian airstrike hits busy shopping mall in central Ukraine, sparking fears of mass casualties CNN - #1 in fake news
West pushes Russia into its first foreign debt default since 1918 CNN business cnn.com
That's all for now, AA
sss
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