Mark Ungewitter
@mark-ungewitter.bsky.social
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Specialist
Industrial metals are breaking out (upper clip). Relative strength versus precious metals, not so much (lower clip).
about 7 hours ago
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reposted by
Mark Ungewitter
Walter Deemer
5 days ago
New book just dropped on Kindle!
www.amazon.com/dp/B0G8QB4G5...
66 more insightful quotes from my 60+ years on Wall Street. Mostly my own — but from Helene Meisler, Larry Williams, Doug Kass, and Dave Keller, too. Not a "reading" book...an "idea" book!
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When the Time Comes to Buy, You Won't Want To (Volume 2): More Timeless Pieces of Wit and Wisdom Compiled by a Wall Street Legend
When the Time Comes to Buy, You Won't Want To (Volume 2): More Timeless Pieces of Wit and Wisdom Compiled by a Wall Street Legend - Kindle edition by Deemer, Walter. Download it once and read it on your Kindle device, PC, phones or tablets. Use features like bookmarks, note taking and highlighting while reading When the Time Comes to Buy, You Won't Want To (Volume 2): More Timeless Pieces of Wit and Wisdom Compiled by a Wall Street Legend.
https://www.amazon.com/dp/B0G8QB4G59/ref=sr_1_1?s=digital-text
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Margin debt is on my radar in the year ahead, as current 52% 15-month ROC sets up a potential sell signal below 48%. H/t @_rob_anderson
about 9 hours ago
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GLD stair-step ascent via 3% box size.
1 day ago
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1/ Silver’s vertical ascent resembles its 2010/11 mark-up.
1 day ago
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I’m no statistician but this seems significant, as SPX rose just 58% of the time for any 7-session interval since 1955. Happy Holidays, everyone!
2 days ago
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On my radar in the year ahead.
2 days ago
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Over-anticipating market tops may be hazardous to your wealth.
4 days ago
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The price of gold is associated with inflation, but which is the independent variable?
4 days ago
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TLT polarity.
4 days ago
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Bitcoin is not the picture of health. Don't shoot the messenger.
5 days ago
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Something about 420.
5 days ago
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On my radar in the year ahead.
5 days ago
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H/t @MebFaber
6 days ago
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Gold may require further buildout before continuing higher, presuming base-case continuation. Thank you Captain Obvious?
6 days ago
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Mid-week humor
6 days ago
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FXI is not the picture of health.
7 days ago
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FMS allocation to stocks plus commodities is not bearish if April 2025 reset is taken into account. Comment: Current divergence with PMI complicates this interpretation, but wasn't an obstacle in 2013, the closest example on hand.
7 days ago
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On my radar in the year ahead.
8 days ago
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Around the world in government yields.
9 days ago
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On my radar in the year ahead.
10 days ago
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GLD eyes record high, basis weekly close. When in doubt, zoom out.
11 days ago
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Silver/Gold, long-term perspective via 15% box.
11 days ago
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#TYX
reversal confirmed. No time to be a hero.
add a skeleton here at some point
11 days ago
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reposted by
Mark Ungewitter
Walter Deemer
12 days ago
Just Published!
amazon.com/dp/099136829...
66 more insightful quotes from my 60+ years on Wall Street. Mostly my own — but from Helene Meisler, Larry Williams, Doug Kass, and Dave Keller, too. Not a "reading" book...an "idea" book! (Kindle version will be available next week.)
loading . . .
When the Time Comes to Buy, You Won't Want To (Volume 2): More Timeless Pieces of Wit and Wisdom Compiled by a Wall Street Legend
Now – 66 more perceptive, insightful quotes from my 60-plus years on Wall Street. Mostly my own — but from other Wall Street icons, too: Jesse Livermore, Art Cashin and Warren Buffet to Helene Meisler...
https://amazon.com/dp/0991368290?ref_=pe_93986420_774957520
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#TYX
jump back into the creek.
12 days ago
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The perennial question:
12 days ago
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#GC_F
appears to be forming a high-level consolidation, i.e., a tight range below resistance, suggesting persistent demand, limited supply, and eventual breakout.
12 days ago
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IWM breakout targets 297-plus, basis 7-column sideways at 3% scale.
13 days ago
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On my radar.
#WatchingPaintDry
13 days ago
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Mid-week humor
13 days ago
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The words “is” and “will” may be hazardous to your wealth, unless backed by reasonable evidence and followed by “probably.”
14 days ago
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1/ Comment: bonds. It’s tempting to see an important head & shoulders reversal in 10-year yields, but zooming out virtually conceals it. All we really know is that bonds have traversed a choppy two-year sideways following a massive three-year selloff.
14 days ago
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Best chart on planet?
#SL_F
#SLV
15 days ago
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Momentum precedes price. More evidence from the one and only
@almanactrader.bsky.social
15 days ago
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A diverse group of commodities has hurdled multi-year resistance (upper clip). Relative strength versus SPY and GLD, not so much (lower clips).
16 days ago
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TLT is not the picture of health.
18 days ago
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Add another example to the 98.5% of ZBT setups that don’t produce a signal. Comment: SPX can and often does go higher after a failed setup, though lacking the implication of bona fide thrust.
18 days ago
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reposted by
Mark Ungewitter
Urban Carmel
19 days ago
You could add that there has historically been a long lag between europhia and the eventual market top. Again, investors should never assume that there's a tidy symmetry between sentiment at tops and bottoms. Investors get bearish all at once (bottom) but can remain bullish during long uptrends
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Equity valuation, long-term perspective from NDR Research. See NDR blog for detailed interpretation:
bit.ly/4iE9iyP
.
19 days ago
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R2K setting up. R2K/SPX not so much.
20 days ago
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$TNX limbo.
20 days ago
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Mid-week humor
20 days ago
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Yesterday’s anemic breadth makes Zweig Breadth Thrust a long shot, but my 5-day alternative remains operative. Comment: All cases except 2012 and 2020 were followed by classic ZBT within 0-5 sessions.
21 days ago
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Silver is demonstrating unusual resilience, evidencing a powerful underlying trend.
#PrincipleOfUnderlyingTrend
22 days ago
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Post mortem: Bears ran out of gas slightly below the 4% threshold that sometimes confirms cyclical tops. The current case illustrates the value of 10-day smoothing versus the single-day indicator described by Vince/Williams, which had four false starts since early October.
add a skeleton here at some point
23 days ago
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Thrust isn't everything, but is clearly not nothing. Great explanation of the ZBT variety from the one and only Tom McClellan.
www.mcoscillator.com/learning_cen...
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Watching for a Zweig Breadth Thrust Signal - Free Weekly Technical Analysis Chart - McClellan Financial
https://www.mcoscillator.com/learning_center/weekly_chart/watching_for_a_zweig_breadth_thrust_signal/
24 days ago
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SLV on the loose.
25 days ago
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Thrust watch. Whaley 5-day thrust requires 1280 NYSE net advancers in today’s session. Zweig 10-day thrust requires 1180 today, an average of 1020 today and Monday, or 950 on average through Tuesday.
25 days ago
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That yields have broken their secular downtrend doesn’t preclude cyclical reversion. What makes reversion likely? 1) It happened during the inflationary 1970s. 2) Battleships don’t turn on a dime. Any deflationary whiff is likely to revive memories of ZIRP-style repression.
27 days ago
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