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The Trading Initiative

@howtoswingtrade

Full-Service Technical Market Research. Profits Over Prophets.
Our No-BS Approach To The Market: @ thetradinginitiative.com

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linkhttps://newsletter.thetradinginitiative.com calendar_today14-08-2020 01:07:22

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Chinese tech looking to make its way into new multi-year highs but still underperforming against American tech. Wake me up when $KWEB > $QQQ -- otherwise it's just another underperforming area of the market

Chinese tech looking to make its way into new multi-year highs but still underperforming against American tech.

Wake me up when $KWEB > $QQQ -- otherwise it's just another underperforming area of the market
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They should’ve made a movie about all the guys who knew 2004-2007 was a housing bubble but went broke shorting it because they were too early. Would’ve saved 75% of FinTwit a lot of pain.

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I got my start in the biz at Merrill. I moved to Chicago. Wacker drive was my Mecca. The guy next to me was a 20 year vet at the CBOE who was up to his eyeballs in debt after his fund blew up + divorce. He gave me the most valuable advice I’ve ever had: “It’s all bullshit.”

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So Druckenmiller is loaded up with Tech, Healthcare, Financials and Cyclicals.. And you are bearish? Or are you only a Stan fan when he talks about how dangerous inflation is? Or the national debt? Do you care more about what he says or what he does? Because his portfolio

So Druckenmiller is loaded up with Tech, Healthcare, Financials and Cyclicals..

And you are bearish?

Or are you only a Stan fan when he talks about how dangerous inflation is? Or the national debt?

Do you care more about what he says or what he does?

Because his portfolio
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Going to yap about trading markets for 15 years. The good, the bad, the most expensive lessons, and more. Feel free to hop in tonight @ 6PM EST. x.com/NoBellTrading/…

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Gold has spent the last few months moving sideways. For most traders, that kind of action feels frustrating. For us, it's exactly what we want to see in healthy uptrends. GLD is forming its third consolidation fractal in this entire advance. And what do fractals like this

Gold has spent the last few months moving sideways. 

For most traders, that kind of action feels frustrating. 

For us, it's exactly what we want to see in healthy uptrends.

GLD is forming its third consolidation fractal in this entire advance. 

And what do fractals like this
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August has a history of chopping traders to pieces. Seasonality says by mid-month, markets should be flat or even red. Over the last 35 years, that’s been the script almost every time. But here we are on August 18th with a very different story: S&P 500 (SPY): +1.75% MTD NASDAQ

August has a history of chopping traders to pieces. Seasonality says by mid-month, markets should be flat or even red. Over the last 35 years, that’s been the script almost every time.

But here we are on August 18th with a very different story:

S&P 500 (SPY): +1.75% MTD

NASDAQ
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Live in 5 - talking everything trading related. 15 years of experience. Focus is on hitting dingers while swing trading. Come hang out and ask questions. x.com/i/spaces/1BRJj…

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August was supposed to be a mess. Seasonality says flat to down by mid-month. Instead: SPY, QQQ, IWM, and the DJI are all positive. Seasonality sets the tone for the environment. What does it mean when the markets don't follow it? Read more here 👉 thetradinginitiative.kit.com/posts/the-mark…

August was supposed to be a mess.

Seasonality says flat to down by mid-month.

Instead: SPY, QQQ, IWM, and the DJI are all positive.

Seasonality sets the tone for the environment. 

What does it mean when the markets don't follow it?

Read more here 👉 thetradinginitiative.kit.com/posts/the-mark…