Tim Knight | TalkMarkets | Page 117
Managing Partner at Tim Knight Organization
Contributor's Links: Slope of Hope Slope+
Tim Knight has been charting and trading since 1987. His first stock trade was, in fact, on October 19, 1987 – the day of the crash – which perhaps goes a long way explaining his disposition toward ...more

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Fiscal Fitness
In spite of lifetime highs in most areas, the financials continue to look vulnerable.
Emerging Bombs
The emerging bonds market, which peaked on January 5th, has been following a gorgeous pathway lower.
Lite-er And Lite-er
As goes Bitcoin, so goes all over cryptos – – and LiteCoin looks in huge trouble.
Embracing The Below Average
The market could still be “saved”, of course, as it has before, but I am optimistic we’re at a major pivot point.
Brazil Nuts
Well, it’s nice to see at least one equity market getting blown all to hell. That’s Brazil.
Serving Suggestion
Yeah, I know, it’s January 2018 all over again. Market is up every day. VIX is heading to the single digits. Bulls are ecstatic. Bears are suicidal.
SNAP Gap Back Zap
Snap, Inc. has been rallying mightily the past few weeks. I just wanted to point out the last time it vaulted to close a gap, the follow-up wasn’t so spiffy.
Steady Progress
Since early last week, it has been heartening to see bonds resume their downward trek. Not only has the progress lower been steady, but the “lower highs” are getting weaker each time, not even mustering a tag of their resistance trendline anymore.
Health Care Looks Sick
The health care sector ETF, peaked early this year and has been downtrending ever since.
My Own Private Bubble
Can you imagine a $100,000 tax bill every year for life? Zillow doesn’t see any change in store.
Stock Market Superheroes
If someone is going to argue against short selling, I think a far better and more realistic argument is not that losses are unlimited but that profits are limited. However, the profits on long positions are unlimited.
Utilitarianism - Shorting Utlities
I want to emphasize, once again, how madly in love I am with my Utilities short. The potential on the drop Utilities could have is absolutely tantalizing.
Crude Failed Breakout
Probably my best call of the entire year was the one I kept being so embarrassed about: declaring that the crude oil gap at $73.25 would be the peak of a staggering, multi-hundred percent increase in energy over a period greater than two years.
Like A Light Switch
Looking at the SPY, which is the biggest and most basic of the ETFs, you can see this “change every single day” situation has been in force with almost perfection for longer than that.
Gas Money
Thursday, is going great. Could the market make up its mind?
Here’s Another Important Gap
Treasury bonds have been roaring higher all week. The gap at 120.28 is powerful, and my view is that within a month from now, we’ll have pushed below even the lows we saw earlier in May.
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