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There are unintended consequences of big moves in crypto. Look, I have long exposure to bitcoin currently and think we hit a nice bottom recently but I can envision that most governments / central banks will eventually be fighting against current cryptos so, for me, this is just a trend...

Agreed. Momentum too strong off the low and sentiment was downright awful at the low.

Oil has been going up since April 2020. Where is the negative bias?

No. Which is exactly why you should be even more bullish.

Brown line is leading indicator for bond yields. Yields made new high and brown line did not.

I know Overnight will hate this but there were a number of markers suggesting the move in long-term rates was overdone.

Overnight lost too much sleep last night.

"Everybody gets what they want out of the market." -- Ed Seykota

Vanzandt -- you've always been a good dude in my book.

Judging by Overnight's posts, I need to be more bullish.

I don't think any paper trading competitions are really respected.

I never thought about curved but it sounds like once you go curved, you can't go back. Thanks for sharing your insights.

There is quite a bit of wisdom in your post. The geopolitical stuff can sometimes just "accelerate the cycles" but otherwise they don't change the bigger picture, as you have indicated.

Yes -- he is typically early. But now there is some evidence of a potential bigger market turn -- will he be correct? Who knows. Just gotta trust what you're seeing in the market action.

Vanzandt: It was Jeremy Grantham. I had ignored him previously because I felt pretty confident, at the time (he typically is early on his calls), that the market was fine. Now, I'm not so sure. As always, I want to stay flexible.

I'm not a perma bear but the more I look at the "big picture," the more it looks like the stock market will be down on the year but I think gold and oil will finish higher on the year. Right now, I'm looking for a good long (multi-week) set-up in the stock market in the 2nd quarter (which could...

The reality is that the market rallied right into resistance and it became overbought in the short-term so risk had picked up for sure.

Swing trading and holding overnight is where it's at. Make money while you sleep! :D

I have had this happen. Turn on the computer and right away hit "Esc" multiple times (I think that is what I did). That may allow the computer to start in a different mode and may allow you to do a system restore to a point prior to when you did the update.

We don't always get set-ups this pretty but this custom momentum paint bar really helped me see that the last few days were just a consolidation for the next wave up. I still don't know if we're back to full-on bull mode but have bullish bias for now. We could just be retracing part of the...