Tim Knight | TalkMarkets | Page 140
Managing Partner at Tim Knight Organization
Contributor's Links: Slope of Hope Slope+
Tim Knight has been charting and trading since 1987. His first stock trade was, in fact, on October 19, 1987 – the day of the crash – which perhaps goes a long way explaining his disposition toward ...more

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An Extraordinary Statement
Today and tomorrow, Yellen will be treating the world to her Congressional testimony. Has Janet joined the Elliott Wave brigade?
Financial Analog
In spite of all the ho-hum, I’d like to offer up one chart that kind of grabbed me: the financials ETF. There’s quite a compelling analog happening.
ImmunoGen
So far, IMGN it’s giving me weak results.
About Snapchat IPO Price
SNAP had a good first day (high of $26.05) and a good second day (high of $29.44). And that, my friends, was the end of the SNAP success story.
Stocks: Thunder Dome
Looking at the ES, the topping formation is still in the throes of completion. Simply stated, the steady series of lower lows and lower highs must not be violated
Thoughts On A Couple Of Bond Funds
I’ll just share with you the charts and my thoughts on couple of positions I’ve got focused on bond funds, HYG and EMB.
My ETF Trio
My ETF portfolio is at a lifetime high. My ETF trio consists of: ERY, JDST and QID.
General Electric Has Plenty More Downside Potential
GE has plenty more downside potential. The indiscriminate declaration that there could only possibly be one or two “dollars” of downside risk is a ludicrous pontification, bordering on magical thinking.
S&P 500: At Death’s Door
If we break 2412.50 and stay below it, those bullish turds are in for some more well-deserved pain.
Post-Patriotic, Pre-Market
Looking at the markets this pre-market, the ES is doing a whole lot of nothing. Crude oil, my nemesis for the past couple of weeks, is showing some weakness.
Whispering ETFs
Tom McClellan went onto CNBC yesterday to declare that the bull market would just keep rip-roaring away another year. Maybe. Maybe not. I wanted to show a couple of ETFs which I’m short that suggest otherwise, at least for the short-term.
Thinking Numb
I’m not a gold kook, but I’m fond of coins and bullion to some degree, and there have been instances when I got the urge to buy the stuff.
Oil: Explosive Rally
Oil’s explosive rally recently has been a thorn in my side, although the Nasdaq’s weakness has helped balance it out.
Poised For Punishment
Ever since June 9th (the “tech wreck”), all eyes have been on the Internet giants to see if it’s just another small bump on the road to $10,000 per share, or if it’s a change in overall direction.
Reflections On Q2
Now that we’ve entered the second half of 2017, I wanted to take a look back at the quarter that just closed. On the whole, it was just another victory for the bulls, who have enjoyed over eight years of uninterrupted central-banking goodness.
Some Survivors
Sigh. This market just can’t get any traction. No, let me correct that. It can’t get any downside traction. Every time I think that, at long, long last, we’re going to start going lower, it’s over within a day. It’s disheartening, to say the least.
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