Mauro Giuseppe Tondo / Blog
#AMD Last time we were this oversold was in January. We then had a 25%+ move in under two weeks. Just sayin...
$MSFT #MSFT Most oversold this has been on the 3-week RSI since January. This preceded to have a 9.5% move afterward in 6 trading days...
$SPX today we broke above 3681 which put a larger bounce in play--Waves are not only about price but also about time--W-2 took 11 days, I think W-4 will end up chopping in this range for a similar amount of time before making a new low for W-5...
$SPY 1hr chart 370 right now upper Pivot, Rejected 2nd time from same level , 363/370 area range for $SPY for now $VIX has 32.50, 33 resistance levels 363 lower support on $SPY...
$SPX 3644 once again was defended--Like we said on Sunday this was likely to be a choppy start of the week--The structure of the bounce in a few key stocks, however, makes me think still more downside --Invalidation at 3770...
Bernard Baruch is an investment and trading legend. Often considered "the lone wolf of wallstreet". And for good reason, he did not follow the crowd. Many great men such as Paul Tudor Jones, Ed Seykota, JP Morgan and Warren Buffet have great quotes that I have posted above my desk...
EUR/CHF SELL Active stop loss 1.0730 Take profit 1.0666...
EUR/GBP BUY Active Stop loss 0.8533 Take profit 0.8598...