Looks like BTC and XMR maybe at bottom. Notice the VDU 2 days ago. Volume drops off. And, today BTC doji on volume. The bottom may be in or sideways a bit. We will see on the rally up into the moving averages 10/20/50 DMA’s.
AS finally made a move today. Maybe Olympics related. Notice the U&R last Thursday then rally this past Friday thru the 10/20DMA. It gapped today on volume.
What’s interesting is how Monero topped and potentially is testing the 200DMA. Silver just recently topped but let’s see how it reacts the next few days. Will it react similar to Monero? This week we will see how it holds up against the 50DMA or the 200DMA.
This was actually wild at the open. Powered up then sold off hard. Hit T3. Did the 6/20 jig then flexed back to blow thru highs. As Livermore would say:
It was never my thinking that made the big money for me. It was always my sitting. Sitting tight is the hardest thing to do.
In an uncertain world, the only certainty is the rules you create to create order out of the chaos. We see again this is played. Over the weekend Trump issues a potential tariff on Greenland. Because of MLK the market opened on Tuesday which gaps down. The next day (Wednesday) at Davos, Trump talks about not doing the tariff. The market then rallys maybe 2 hours before the market closes. Thursday it gaps open then sells off then comes rallying back up at the 10/20 DMA area.. Below is the chaos for Thursday 1-22-2026. But, what keeps us all in control. Our rules of entry and exits. What me worry?? Our rules guide us. Swaying from our rules is very dangerous. Which is why we have rules to guide our every move. Sometimes sitting is the hardest part of the strike.
I was short at the open then covered it SQQQ as it got support on the 10/20 it was a wash trade. Then a few hours later got into SSRM. I was a little late on the entry. The entry should of been around the open at the 10DMA $24.10 area. I was in at the $25.5 area. It did do a pocket pivot today green… So we will see.
Rules in the uncertain world are so important. When you want to guess and take profits, sometimes its best to continue to use the rules established. I sold the final position at $80 using the 10DMA. As seen here, the strength continues. The 10 day is still the guide until its not. You can’t predict the future but you can follow through rules to create order out of chaos. We are not Nostradamus.
This is now real time psychological warfare. The mind in the markets. We see a break in Monero. Let’s see how it holds the 10DMA or not. It did close below the 10DMA for the 1st time. Now let’s see if it close below that low and holds the 20DMA. Its still early on this move. Let’s where the next base builds or not.
Looks like tomorrow will be exciting. Over the weekend Trump announced new tariffs on the EU countries that delay US acquisition of Greenland. Looks like an U&R tomorrow potentially or a complete break down. We’ll see. Miners look like they’ll continue their journey.
High probability setups are typically obvious at the open because they typically are gonna be trading very actively pre market. Most likely a BGU will happen because of all that premarket volume. Simetimes it can be near a key area and/or base. In other cases a BGU can be a DTSS. A DTSS would basically be a failed BGU coming in from the left side low. One would think to out right buy the BGU at the open. But, because of the volatility with the algos, its always good to wait maybe 30 min or look for a low range and/or 6/20 turn. An example CCJ Cameco. By waiting 30 minutes you can see more clearly what direction this is going. Also, the MACD never crosses back until almost by the close.
Lets see how long this handle can last or not. Ideally some pull back longer in the 10DMA area.
Notice how the GDX holds the 20DMA. It drops below it but still closes above it. It’s definitely a close below the 10DMA within 7 weeks. But, the 20DMA is the guide.
COPX is still holding up above the 10DMA the past 7 weeks. Some of these minders do have Silver in them. Definitely holding up.
Venezuela got taken over this past weekend. We’ll see how these oils move, infrastructure and stuff stocks.
Some stuff infrastructure. Notice the tightness then move this past Friday on volume w/ GEV.
Lets see how this Maduro news pans out with FSLR on Monday.
A setup for the New Year. $AS did one last wash out today at the 20DMA. But, we’ll see. The retailers have been steady the past few weeks. After Christmas, lets see some numbers kick in full gear. Also note, a few weeks ago, they opened Salomon on Melrose. The weekly does show about 5 Dist/ 1 Acc….but 3 week tight last week and previous 2.
Looks like Nas will be testing the 50DMA soon. We’ll see how it holds up for the New Year next week.