With social distancing keeping us off planes & trains, we still have automobiles & road trips.
Oklahoma: Talimena Scenic Drive
And that scenic drive from Arkansas we mentioned earlier? This is the other (larger) half. Things are just as sweet on the Oklahoma side of the border, where countless random turn-offs lead you to farming villages and little side drives. Pull over for photos at Panorama Vista, and, when you hit Horse Thief Springs, park and take a hike up the Ouachita Trail. And definitely pull over at Billy Creek Recreation Area or Cedar Lake Recreation Area, where you can camp, hike, and fish the afternoon away.
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“Rather than love, than money, than fame, give me the truth.” Henry David Thoreau
“Veritas Nunquam Perit”- “The Truth Never Perishes” Seneca (the younger)
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“There is only one side to the market, and that’s the right side.” Jesse L. Livermore
“There is nothing new in Wall Street. Whatever happens today, has happened before and will happen again.” Jesse L. Livermore
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Just a reminder: If we each do whatever we can, no matter how small, we will ALL be the better for it. As unemployment soars, Food Banks, Hospitals, Clinics, Faith-Based Institutions, all need assistance and donations -just for starters. Recent reports tell us that one out of five families in the US have children who are going hungry.
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Performance to Date:
This Website Opened on October 21, 2017, on this server. On that day:
SPX closed at 2562.10; Tracking Account Closed $1,601,122
SPX Today (3061) +17%
Tracking Acct (2,190,971) up +37% (Outperforming SPX by 20%)
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Primary Trend: BEAR MARKET
Intermediate-Term: ~ Seven Sentinels Uptrend, 4-3-20, SPX 2488
LOLR Trend: ~ Uptrend – Noon, 05-18-20 – SPX 2925
Trades: SOLD TQQQ, UPRO, Bought TNA
Trading Position: 15% UPRO, 35% TNA, 50% Cash
Stops: UPRO 39.75, TNA 24.48
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+50%
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ALL TIMES EASTERN
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Monday 3:40:
SS LOLR STS
Up Up Up
7/0 5/2 7/0
Breadth: 2000/800
Mc Osc Intra-Day: +70
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Elliot Wave Summary: Summary of Dr. Arnout ter Schure, President & Founder Intelligent Investing, LLC, –A service we highly recommend:
“Overall, there’s still upside potential, but the rally is by most measure and analytical methods getting a bit long in the tooth. Watch those downside levels for indications of a breakdown and more extensive correction.”
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3 PM… Markets have had to opportunity to turn weak in the face of the nationwide protests and the side violence that has come along with it. But markets have instead continued strong as breadth remains 1900/900 and SS and STS both remain 7/0 in uptrends.
The key trend driver, LOLR, started at 1/6, but has strengthened all day and remains in an uptrend at 5/2, now- the best level of the day.
The Russell 2000 continues to lead, up 1.56% on the day, and we shifted 70% of our long position of 50%, or 35% of the tracking account, into TNA.
We’ll discuss the big picture in the-
Regular Report Tonight
1:24… BUYING 10% more TNA at the market- 27.52 (Comments at 3 PM)
11:20… BUYING 10% more TNA at the market- 26.96
11:00… While all trend measures are UP, markets in the short-term are extended and we lightened our position by eliminating, for now, the NASDAQ position which has begun to lag, as well as reducing the UPRO position. But we added in TNA which at +4% today is now leading.
The DJIA is +60, SPX +6, COMPQ +36, and breadth is strong at +1800/+800.
STS is back now to 7/0 (first four Sentinels below) while LOLR is less so at 2/5 (first four of LOLR are third and fourth image below), but still in an uptrend. The Daily Sentinels remain in a 7/0 uptrend.
Markets, like the country in general today, is showing uncertainty and strain today, and we’d prefer to see some pullback before building to a very aggressive position.
We’ll comment again toward the end of the session.
10:43… We are SELLING 10% (40% of that position) UPRO at the market as short-term measures are getting extended and we will look for buying opportunities ahead to add to our position- 43.36
9:40… We are BUYING 15% TNA at the market as this sector taking the lead- 26.07
9:15 AM… Markets are set to open slightly lower in the shadow of the serious and meaningful protests, and the side issues, that have swept our cities.
The Sentinels are all bullish overall, but we do not like seeing the NASDAQ sector once again significantly lag this morning.
We are-
SELLING our TQQQ at the market- 82.05
and will look to rebuild longs with leadership sector ETFs once markets show that they are turning back into a short-term advancing stage.
We will update our Seven Sentinels, LOLR, and STS today, every time a meaningful or actionable change occurs in real-time. We’ll publish signals as they materialize and tracking trades, including time and price, as they arise- and will alert via twitter as well.
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