tag:blogger.com,1999:blog-86937621779986227252024-03-18T05:40:34.519-05:003Xtraders Home of the best technical charts on the internet 3Xtraders.com Anthony Allynhttp://www.blogger.com/profile/16063273733910200114noreply@blogger.comBlogger814125tag:blogger.com,1999:blog-8693762177998622725.post-39365031192765931822024-01-29T06:36:00.000-06:002024-01-29T06:36:05.347-06:00What's Wrong With This Market? A Picture Says 1000 Words! You can probably already guess from the title of this blog that I'm none too pleased with the recent market action, and that may also help explain why I haven't blogged in over 2 weeks! What's Wrong With This Market?1. Volatility being endlessly soldThe broader market has become pretty dull, as the $VIX continues to be hammered lower. Lower the $VIX the slower the market moves. Anthony Allynhttp://www.blogger.com/profile/16063273733910200114noreply@blogger.com0tag:blogger.com,1999:blog-8693762177998622725.post-50800039734424902082024-01-14T07:38:00.003-06:002024-01-15T06:00:42.388-06:00Best Trade of the weekBest Trade of the week was not found trading the $SPX Thank God I don't trade the $SPX. That's dead money. #SPY hardly moves. I'd rather trade crypto...— Veteran Market Timer (@3Xtraders) January 12, 2024 Bitcoin Simple Sell the news trade: #Bitcoin. Everyone should have seen this coming, and traded it accordingly. $BITI is up 10% in 2 days #ChaChing!— Veteran Market Timer (@3Xtraders) Anthony Allynhttp://www.blogger.com/profile/16063273733910200114noreply@blogger.com0tag:blogger.com,1999:blog-8693762177998622725.post-58847129351559628522024-01-09T05:38:00.000-06:002024-01-09T09:02:17.125-06:00Trying to make sense of yesterday's massive rally The number one reason stocks rallied on Monday, is the topic I touched on yesterday (linked below): Pump N Dump Markets Continue into 2024 - Happy New Year!Another reason we saw stocks rally yesterday, is that it was the 1st working Monday of the new year, and if fund managers want to keep their jobs, they have to put money to work. I can't complain, because I had a feeling they Anthony Allynhttp://www.blogger.com/profile/16063273733910200114noreply@blogger.com0tag:blogger.com,1999:blog-8693762177998622725.post-39417039944264044952024-01-08T06:11:00.001-06:002024-01-08T06:11:21.637-06:00Pump N Dump Markets Continue into 2024 - Happy New Year! Pump N Dump Markets Continue Didn't I tell you they didn't want to chase this rally into the new year, and here we are only a week later, and tech has supposedly had the worst opening week in 20 years?They drove stocks up on light holiday volume, only to dump them on the first trading day of 2024. Of course the month isn't over, and the $VIX remains super low, so this is more of Anthony Allynhttp://www.blogger.com/profile/16063273733910200114noreply@blogger.com0tag:blogger.com,1999:blog-8693762177998622725.post-21847695440037844722024-01-01T08:29:00.001-06:002024-01-01T08:29:32.789-06:00Good things coming in 2024? I've already written quite a bit on 2023 (in review), and everything that has led up to this moment in time, so you should definitely review all the recent updates, for information related to the current market environment; including Friday's update EOY Window Dressing Continues into 2024 Looking ahead to 2024 In order to get a good handle on what to expect Anthony Allynhttp://www.blogger.com/profile/16063273733910200114noreply@blogger.com0tag:blogger.com,1999:blog-8693762177998622725.post-70132561766087775982023-12-29T07:38:00.001-06:002023-12-31T06:33:28.304-06:00EOY Window Dressing Continues into 2024 EOY Window Dressing Continues Am I surprised? Not at all. This is exactly what I've been predicting all year, and in the end the market engineers only took a page from the 2021 playbook. This isn't the first time they drove stocks up into the end of the year, in order to avoid paying the higher capital gains tax on short term investments, and after seeing what they did in Anthony Allynhttp://www.blogger.com/profile/16063273733910200114noreply@blogger.com0tag:blogger.com,1999:blog-8693762177998622725.post-40701894356981667752023-12-28T06:28:00.000-06:002023-12-28T07:16:03.838-06:00Santa Rally? Santa Rally? That's what the skeleton crew at CNBC - working over the long holiday - was calling the retest of the highs of last week. Could the financial lame stream media be any lamer? $SPX futures driven back up above where they were dumped a week ago ...break out the party hats? 🎉 pic.twitter.com/SfkHil1jYS— Veteran Market Timer (@3Xtraders) December 28, 2023 It seems to me Anthony Allynhttp://www.blogger.com/profile/16063273733910200114noreply@blogger.com0tag:blogger.com,1999:blog-8693762177998622725.post-83100043607448481352023-12-21T07:47:00.001-06:002023-12-21T07:47:54.184-06:00Taking a closer look at yesterdays sudden sell-off $NVDA $MU #Taiwan #Stocks #FlashCrash Yesterday afternoon - a little after 1 PM CST - I noticed stocks take a sudden dive, and panic selling continue into the close. The market rally was already looking really tired; and I alerted to the fact that upside momentum had dried up. This was the perfect opportunity for a serious market reversal. This rally continues to lose steam $SPX up only 7 handles on the day pic.twitter.com/Anthony Allynhttp://www.blogger.com/profile/16063273733910200114noreply@blogger.com0tag:blogger.com,1999:blog-8693762177998622725.post-48699713339145424092023-12-19T06:24:00.000-06:002023-12-19T06:24:25.819-06:007 er 6 Stocks continue to drive Markets higher Yesterday's action was a prime example of how FAANG (by a different name (the magnificent 7) are being used to drive the Dow, and the $SPX, not to mention the $QQQ. Yesterday, we saw Apple pull back slightly, on a couple negative news reports, and the market's answer to that, was to pump the other 6 critical market high fliers to the moon. Of course they're still using the Anthony Allynhttp://www.blogger.com/profile/16063273733910200114noreply@blogger.com0tag:blogger.com,1999:blog-8693762177998622725.post-91876650281321695892023-12-18T07:24:00.001-06:002023-12-18T07:24:49.363-06:00Donald Trump predicted the market would crash under Joe Biden, and here it comes... First off: I sent out a Newsletter Sat. morning, letting my people know that I've taken profits on the Nov./Dec. rally. I didn't want to leave anyone hanging.As you may recall; back in early November I called the bottom on the bond market, and then most recently I went all in, into small caps, which have vastly out-performed over the past few weeks. $RUT (IYM) Russell 2000 small caps - I canAnthony Allynhttp://www.blogger.com/profile/16063273733910200114noreply@blogger.com0tag:blogger.com,1999:blog-8693762177998622725.post-29015074367463076242023-12-15T05:38:00.000-06:002023-12-15T05:38:59.493-06:00Taking a look at the $USDI was watching Fast Money traders trying to figure out what's up with the $USD, and as usual, most of them got it completely wrong. They even had Chris Verrone on, to pump gold, and he pulled up a $USD chart, but he's a long time gold bug, and has no charting skills whatsoever. I understand the inherent value gold has but I could care less if gold goes up or down. Flashback to an updateAnthony Allynhttp://www.blogger.com/profile/16063273733910200114noreply@blogger.com0tag:blogger.com,1999:blog-8693762177998622725.post-75138868692924790292023-12-14T07:41:00.001-06:002023-12-14T07:46:01.294-06:00Is this bearish capitulation? We saw the Dow make a new all time high, on yesterday's FOMC announcement, and of course the lame stream media - who writes the script - was seen cheering the 500 point surge on the Dow. I kind of saw this coming in Sept. when I said ,"I think the market is setting up to appoint a whole new group of (market) leaders, as we trade into 2024." I was partially right Anthony Allynhttp://www.blogger.com/profile/16063273733910200114noreply@blogger.com0tag:blogger.com,1999:blog-8693762177998622725.post-52260613556756769642023-12-13T06:14:00.001-06:002023-12-13T08:29:07.759-06:00Rigged Markets Continue into today's FOMC announcement Market continues to be held up on light holiday volume, as expected. Of course, the most heavily manipulated stocks - as I pointed out yesterday - are high fliers such as - Broadcom $AVGO - One of the reasons Broadcom is driven higher, is because it's a Top 10 $QQQ holding. $QQQ - This one is key... as I pointed out earlier in the year. Note the Anthony Allynhttp://www.blogger.com/profile/16063273733910200114noreply@blogger.com0tag:blogger.com,1999:blog-8693762177998622725.post-66186919893990676162023-12-12T05:14:00.000-06:002023-12-12T05:14:57.754-06:00CNBC - Fast Money - Karen Finerman admits she owns Bitcoin, $SPX, Tech Stocks Update Karen Finerman admits she owns Bitcoin. Less than 1 week later; a flash crash in Bitcoin. It flashcrashed nearly 10% overnight, and nothing reported on it. What a great contrarian indicator CNBC Fast Money is!I don't know what any serious money manager would be buying Bitcoin, and then admitting it on television, but apparently this isn't the first time...Interviewing Anthony Allynhttp://www.blogger.com/profile/16063273733910200114noreply@blogger.com0tag:blogger.com,1999:blog-8693762177998622725.post-51506973155966276132023-12-08T05:12:00.002-06:002023-12-08T05:12:19.731-06:00Gold Silver Copper Metals Trading Competition Next Week StoneX + CME Group Metal Futures Trading Challenge (linked) First off:1. I get nothing for promoting this contest.2. It is obsoletely free. Of course commodities trading isn't for everyone, but If you want a crash course... then I suggest you sign up. I did the oil trading challenge a couple months ago, and although I barely broke even - let alone win... - I found it to be a greatAnthony Allynhttp://www.blogger.com/profile/16063273733910200114noreply@blogger.com0tag:blogger.com,1999:blog-8693762177998622725.post-74614902583086904322023-12-07T04:46:00.003-06:002023-12-07T04:50:35.717-06:00Looking back at yesterday's sell-off - what the Lame Stream Media isn't telling you Looking back at yesterday's sell-off - what the Lame Stream Media isn't telling you Yesterday was an interesting, and unusual trading day. Here's my account of how it went down:Most sectors gapped up at the open, with the Dow, and the Russell 2000, actually touching new (recent) intra-day highs, before selling ensued. 1. At first the selling looked like an ordinary Anthony Allynhttp://www.blogger.com/profile/16063273733910200114noreply@blogger.com0tag:blogger.com,1999:blog-8693762177998622725.post-46717414047963852252023-12-05T05:37:00.001-06:002023-12-05T05:59:26.674-06:00The Everything Bubble The Everything Bubble I'm still getting the new computer system dialed in, after last week's new build: It had been nearly 10 years since my previous upgrade, but thanks to the chip shortage I was encouraged to put it off for an extra couple years, and now I'm getting a tremendous bang for my buck. I was able to build a new system that is practically twice as powerful/fast, for Anthony Allynhttp://www.blogger.com/profile/16063273733910200114noreply@blogger.com0tag:blogger.com,1999:blog-8693762177998622725.post-60423276333374579372023-12-04T07:27:00.001-06:002023-12-04T07:27:15.013-06:00A November To Remember? A November To Remember This was the false narrative I saw being pushed by the lame stream media, immediately after Friday closing bell; "A November To Remember". I also saw someone on Bloomberg refer to it as the "everything rally",which is a bold faced lie. Anyone who is still buying the dip on China, and Energy stocks, would have to agree....The powers that be Anthony Allynhttp://www.blogger.com/profile/16063273733910200114noreply@blogger.com0tag:blogger.com,1999:blog-8693762177998622725.post-15827912768292883782023-11-30T07:31:00.001-06:002023-11-30T07:31:57.890-06:00Taking another look at this rally in Gold A 1 day short covering rally in gold, which was telegraphed by Fast Money traders - weeks ago - doesn't a bull market make, and any time I see the usual suspects pumping a rally on TV, I usually take the opposite side of that trade; at least in the longer term; so perhaps my opinion is overwhelmingly bias, but the fact remains, gold has NOT broken out. Talk of a breakout is just talk 1Anthony Allynhttp://www.blogger.com/profile/16063273733910200114noreply@blogger.com0tag:blogger.com,1999:blog-8693762177998622725.post-16612318563063518232023-11-29T07:47:00.002-06:002023-11-29T08:07:28.606-06:00Looks like I may have been wrong about Gold Trading has been really dull, minus yesterday's washout in Natural Gas, and the rally in gold, and gold miners. It was back on Nov. 6th, I covered the gold pump - as I watched it take place on Bloomberg & CNBC simultaneously - linked here. Gold was predictably bought in early November - at the 50 day moving average - but it wasn't until yesterday that we saw any Anthony Allynhttp://www.blogger.com/profile/16063273733910200114noreply@blogger.com0tag:blogger.com,1999:blog-8693762177998622725.post-38023772400847481072023-11-24T08:34:00.002-06:002023-11-24T08:34:19.312-06:00Very unpredictable market environment could turn volatile Black Friday Trading Activity Around HolidaysSeasonality often plays a part in any investor's trading strategy. Some holidays in the U.S. market provide periods of decreased trading volumes, as many investors and traders are busy with vacations and family plans. There tends to be little business news released right before a holiday, too. investopedia.com With volume so light, it's possible to see Anthony Allynhttp://www.blogger.com/profile/16063273733910200114noreply@blogger.com0tag:blogger.com,1999:blog-8693762177998622725.post-41206594678725876912023-11-22T07:51:00.001-06:002023-11-22T09:13:22.210-06:00Best Decision I Ever Made A few weeks/ months ago I blogged about how I was going to start trading commodities more, and that has turned out to be one of the best decisions I ever made! The powers that be continue to sell energy, and buy tech #Stocks. The sector rotation; I've been predicting for months— Veteran Market Timer (@3Xtraders) November 16, 2023Every day I take a little more profits on my #NatGas Anthony Allynhttp://www.blogger.com/profile/16063273733910200114noreply@blogger.com0tag:blogger.com,1999:blog-8693762177998622725.post-52534397483990756142023-11-21T06:45:00.001-06:002023-11-21T07:13:25.364-06:00Looking for support on the Nasdaq, and how to trade it I decided to look for support on the Nasdaq this morning, and I didn't have to look too far.... Some of you may be asking, why would you be looking for support, rather than a top? That's because markets tend to overshoot, and especially in the type of pattern we're trading in. Plus you see short squeezes this time of year, and that can cause markets to overshoot. Anthony Allynhttp://www.blogger.com/profile/16063273733910200114noreply@blogger.com0tag:blogger.com,1999:blog-8693762177998622725.post-85989635251570825122023-11-20T06:26:00.002-06:002023-11-20T07:04:56.362-06:00Investors may look back on this moment, and say... RE: $SPX Nasdaq $MSFT, $INTC, $NVDA $TSLA Investors may look back on this moment, and say, "this is where we should have sold the AI rally"!This morning we're seeing Microsoft trade at fresh all-time highs in pre-market, on more Sam Altman news. Satya Nadella's Big Announcement On Sam Altman After OpenAI Sacking"....we're extremely excited to share the news that Sam Altman and Greg Brockman, together with colleagues, will be Anthony Allynhttp://www.blogger.com/profile/16063273733910200114noreply@blogger.com0tag:blogger.com,1999:blog-8693762177998622725.post-48393329510320797532023-11-17T07:33:00.001-06:002023-11-17T07:49:35.312-06:00 Does this rally have legs? The Short Answer Does this rally have legs? The short answer is no. Sure, we could see more short covering as we get further into the holiday season... and money managers are being forced to chase gains into the end of the 4th quarter (window dressing), but this is a low volume - short covering - rally, just like we saw back in July. I recognized this several months ago, when I pointed out that Anthony Allynhttp://www.blogger.com/profile/16063273733910200114noreply@blogger.com0