Let’s take a look at the noticeable divergence in the major US indexes and the emerging market index. What does it all mean? Here’s how we’re positioned and what we think the next step may be.
Elliott Wave At Work In A NFLX Options Trade
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Todd’s Trading Lifestyle Vlog #40 – How To Backflip At Forty
Mid-life crisis rages on as I work towards landing a black flip at age 40?
not sure why the dude didn’t put another pad out there. have to admit i’m a gutless wonder and wouldn’t be able to do it. valiant effort
Dear Todd,
Thank you for all your public videos, they are awesome! I have been watching the TSX and the Venture as I am Canadian. I have noticed in the many of these stocks, they are off their 50 day MA and have declined significantly since late January, if they do pop above it, it ain’t for long – 5 or 6 candles later they are below it again, sort of like going up a steep icy hill with dress shoes on – no traction. The only sector doing ok are the oil stocks. For the stocks still trading above the 50, the volume is declining on many of them. I feel like the smart money is quietly sneaking out the back door of this late stage bull party.
Once again many thanks for your great commentary- very insightful!
Thanks man. I was thinking some of the same things about the market. I’m content to watch and wait for now. I see a few stocks squeezing out maybe a 5th wave but not much more. Just bought some DIS hoping to get the last half of W5. Had a good run on AAPL and UUP a little while ago. It’s a good time to count waves and exercise some awareness.
Mid life crisis at age 40?! Sheesh!
Interesting this B wave or 2 wave seems to be a tiny triangle in the 30 min chart it has hit double 0.618. Who would’ve thought that after a huge triangle a tiny triangle would’ve form?
I’m still thinking is an X wave and heading to even deeper lows, however short term we should see delta neutral positions. Butterflies and Condors.