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General Market Commentary
June 6 Thurs 10:15 am > Indicators on the TVIX charts are working rather well. All the TVIX charts and the indicators are showing the current pullback.
Any trade with profits above 20% within 10 days is fantastic, so now we wait and watch the indicators for the next trade. Weekly pot charts say all smoked for now...
June 4 Tues 8:30 am > 40 mil shares traded on TVIX yesterday and I got out at $26.68 after it hit $ 27 on the daily 2 mo Renko and was dropping. +24% was on the trade... The pots and bitcoin rallies are done for now. Will be watching the oil sector for a bounce and trade...
Witness for the Lord when you can and Praise Him for his many Blessings!
In 1929, the stock market dropped by 90%. Main reason was high p.e. ratios due to stock buy backs...
So with margin debt at an all time high, this market may have peaked? Only time will tell...
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