Full Moon Trading

June was a grinding Month. Members were whinging about the lack of Vol.

If you recall I said there is typically a big July move before traders on both sides of the Pond make themselves scarce for August.

Gold hit a 4 yr target this week and of course it was on a Wednesday!

I pointed out in the room that this was a major exit zone given the metals would likely succumb to margin selling.

Now we shall see if it can form up again.

Everything has traded off the Nasd, meaning its targets and Matrix #’s were running the show.

Most got sucked into the rotation buying Dow and
Russell. If you were in the room I said it was all B.S. and to not buy names.

The Wall Street genius society went into puke mode.

Nasd leads!!!

Bonds are stuck. Given the Republican agenda you could very well see my ultimate target hit which is a 1976 level, something that might play out in Oct.

Last night Spoo retested its weekly ORL and failed. You’ll probably see it again since the street would like to paint the chart for the end of week.

Trade the flows today.

Conversely, just after 2 P.M. yesterday, I announced to the room that the lows into Spoo 5565 was a good low matching the 200 Avg on the 240.

All major tech names were into support at the same time, meaning you were looking for an Algo unwind.

Nasd qtrly pivot will tell me exactly how the Indices will trade, and there is now a potential for another 1200 Nasd points to the downside that is yet to be confirmed.

Just keep buying for it can’t go any lower. I have #’s that will be hit.

Our job is to trade the path and from here and it will be a trade. When Mortimer’s work and the Matrix + targets line up, opportunity knocks.