Thanks Chris, we saw this coming and prepared acordinly!!! Not surprised as heads are spinning at these selloffs!!! IMO this correction was WAY OVERDUE!!!
2:48 I love VIX spikes (hindsight 20/20 that turn into peaks), always means it's shopping time and that we aren't letting things get "too far" without a reset, even though this is a black swan hitting the reset button this time. Thanks Chris! Also I noticed how aggressive semis were being bought out the gates paired with the info that retail brokerages were having outages it gave me comfort knowing it was institutional buying, finally was able to log in and nibbled some TQQQ.
Chris - you are one of the best (and not that well known ) analysts out there So glad I subscribed ! Your market analysis is always spot on I am also out of the market - watching your videos confirmed to me this was a good move and I have protected my hard earned capital Thank you !
Futures hit the VWAP at 4:30 and tanked. Market is in balance, currently approaching the bottom of VA. Wonder what the pattern was before other crashes. Were there days of balance first? Was there a first level that was then broken? Lots of stuff to rabbit hole through.
Chris. I'm curious what your heart rate was while doing the video? You sound so calm while others are thinking the world is ending. lol Wondering if you watch the 2yr/10yr inversion / reversion and that it indicates a recession? Thanks for the insights !!
Better to closely monitor and track the banks' credit delinquency rates, non-performing accounts rates and amounts, bad debts provisioning amounts, bad debts write-off amounts and especially the banks’ capital ratios. Bank bail-ins is a serious threat to the entire system and to one's wealth and well-being
Chris, what brokerage service do you use? I still can't log into my Schwab account!! And they cut off the phone lines! I'd like to move my account. Any recommendations?
Yes Schwab was down like 3 hrs . Could not log in . This is second time in like 2 months . I am going to close out account . This crap didn't happen when it was TDameritrade .
They never expect the crash. Remember those headline montages from 2008, with the globetrotter music? It’s gonna be fine it’s gonna be fine, all the way down… they’re never going to think it’s a crash, when it’s a crash.
It is not question of a hard landing or soft landing. Can the highly leverage system (i.e. Banks) absorb even a shallow recession! What would it take to break the banks? Financial implosion!
This is just the beginning. Remember 2007 then a couple of small banks went under. Then the flush out from Oct 2008 until Mar 2009. Can the FED save the Banks? The European banks are even worst off. I'll save my cash and Gold under my mattress.
While Chris is on the sidelines makin money and avoiding losses, Gareth Soloway continues adding onto his Nvidia short he's had since 2020. I'd love to see Chris join In the Money Stocks for a month and just watch his reaction to Gareth :D
Gareth pretends not to make big mistakes but he shorted a raging bull mkt all through 2023 and 24 especially NVDA and SMCI with a huge percentage of his account and if he wasn't getting member fees he would've been margin called to bankruptcy. His main source of income is fees and selling his overpriced "trading courses" that he relentlessly promotes with lies about it's efficacy
What plans are in place to save the banks, the financial system, economical environment? Bail-out or Bail-in? How many trillions is enough? It will devasted the USD. USD600 Billion was needed in 2009.
@@TheTechnicalTradersI think if there is a “bear” market or significant downward trend in market it will be short lived and late Q1 or Q2 next year. Then the QE will kick in and off to races again.
@@elonmusknewsnetwork we won't be here in Q1 or Q2.........check out WW3, especially the MidEast.....maybe as soon as this week or the latest 8-14..................
Chris is a trader & sets stops which will close any trade that doesn't meet the last target price. If he gets an entry signal for a new trade, he'll be in like Flynn!
10% is all the S&P has lost, right? Not even? Thats barely anything. It’s impossible to say. There’s lots of bad blood in the market you said so yourself. Talking about a 1929 style crash. Or maybe that was just Ray Dalio. The vix is so high. Maybe it’s a longer pause and it can still be a crash. There’s also the yield curve coming back around and they say that’s a negative sign for prices. Thats what happened in 2008, there was a sharp turn
It will be a vicious cycle for the next 12 -18 months. Just pray that the banks can withstand the bad debts otherwise the whole financial system will implode, and you will lose all your savings overnight. You might then see another round of even higher inflation after 24 months as the printing press begin to print more fiat currency, primarily to save the banks and maybe some big corporations. Let's hope there are no bank bail-ins then even if you're employed it will be useless. Your purchasing power will erode further but it will be meaningless as the banks are bailed -in and you lose access to your accounts / funds. Will there then be CBDCs??? Will they then ban the sales of Gold and Silver? Even government bonds might not be safe! The repo market will seize up. The Risk of bank bail-in will be a real game changer this time. Your best bet might be to have cash and gold under your mattress.
Why bother looking for exposure to anything except sitting safely in cash, this market could tank for 12 months just like 2022, Buffet has been getting into cash since last autumn.
CHRIS VERMEULEN'S PREMIUM SIGNALS: www.thetechnicaltraders.com/CGS.pdf
Thanks Chris, we saw this coming and prepared acordinly!!! Not surprised as heads are spinning at these selloffs!!! IMO this correction was WAY OVERDUE!!!
HAY CHRIS THANK YOU SO MUCH FOR GOING ON WITH DAVID TODAY 🙏 ❤️ WE LOVE YOU BRO THANK YOU
2:48 I love VIX spikes (hindsight 20/20 that turn into peaks), always means it's shopping time and that we aren't letting things get "too far" without a reset, even though this is a black swan hitting the reset button this time. Thanks Chris! Also I noticed how aggressive semis were being bought out the gates paired with the info that retail brokerages were having outages it gave me comfort knowing it was institutional buying, finally was able to log in and nibbled some TQQQ.
Chris - you are one of the best (and not that well known ) analysts out there
So glad I subscribed !
Your market analysis is always spot on
I am also out of the market - watching your videos confirmed to me this was a good move and I have protected my hard earned capital
Thank you !
Thanks and welcome
Thank you, Chris. Take care. Stay safe.
Thank you, I will
Futures hit the VWAP at 4:30 and tanked. Market is in balance, currently approaching the bottom of VA. Wonder what the pattern was before other crashes. Were there days of balance first? Was there a first level that was then broken? Lots of stuff to rabbit hole through.
Thank you so much, Chris! Keeping us calm in the storm!
This is the and of complacency phase and start a new bear market?
Thank you so much for your precious market analysis!😊
Thanks for sharing this Chris. Very informative.
Different strategies work under circumstances for sure.
Glad it was helpful!
Thanks from the cheap seats 👋Seen this from miles away miles and miles
Chris. I'm curious what your heart rate was while doing the video? You sound so calm while others are thinking the world is ending. lol
Wondering if you watch the 2yr/10yr inversion / reversion and that it indicates a recession?
Thanks for the insights !!
Better to closely monitor and track the banks' credit delinquency rates, non-performing accounts rates and amounts, bad debts provisioning amounts, bad debts write-off amounts and especially the banks’ capital ratios. Bank bail-ins is a serious threat to the entire system and to one's wealth and well-being
I just watched the video. So should I sell my mag 7 stocks today? Or wait it out? And if I sell, where should I put the cash?
@@TimShieldsPhotography wait for bounce back up sell some and hedge I dont think market is going off cliff long term but we have to wait and see NFA
@@elonmusknewsnetwork beware of the cliff.......it is not going away............
All depends what your time frame is AND what your cost basis was.
Bought more physical silver bars.
Let them eat silver bars....
Thank you!
Thanks for some clearheaded analysis!
Welcome!
Thank you
Chris, what brokerage service do you use? I still can't log into my Schwab account!! And they cut off the phone lines! I'd like to move my account. Any recommendations?
Couple of weeks ago you predicted silver 36 and gold 2650 by now. Changed your viewpoint?
So you expect selling’s turn to be over sooner than later. But, if this is a crash, the buyer s turn will he short lived
great update in this shaky time.... 🙂
anyone with schwab? They have all phones shut off and you cannot trade online! TOTAL BS
Are you serious!?
@p.c.h.6721 yeah these things totally happen. 😢
Yes Schwab was down like 3 hrs . Could not log in . This is second time in like 2 months . I am going to close out account . This crap didn't happen when it was TDameritrade .
@@gardnerdavis
What's the alternative? Interactive Brokers?
etrade is working. Made trades.
They never expect the crash. Remember those headline montages from 2008, with the globetrotter music? It’s gonna be fine it’s gonna be fine, all the way down… they’re never going to think it’s a crash, when it’s a crash.
It is not question of a hard landing or soft landing. Can the highly leverage system (i.e. Banks) absorb even a shallow recession! What would it take to break the banks? Financial implosion!
Banks are well capitalized, no problem at all.
@@p.c.h.6721 not really.................
This is just the beginning. Remember 2007 then a couple of small banks went under. Then the flush out from Oct 2008 until Mar 2009. Can the FED save the Banks? The European banks are even worst off. I'll save my cash and Gold under my mattress.
short before the SEC bans it.....China is banning or considering banning short selling...........other countries also.......will we be far behind?
Warren Buffet doesn't try to predict the future. If he sold half of Berkshire's Apple stock, it was because he considers it overvalued.
Sophomore.................
While Chris is on the sidelines makin money and avoiding losses, Gareth Soloway continues adding onto his Nvidia short he's had since 2020. I'd love to see Chris join In the Money Stocks for a month and just watch his reaction to Gareth :D
Gareth pretends not to make big mistakes but he shorted a raging bull mkt all through 2023 and 24 especially NVDA and SMCI with a huge percentage of his account and if he wasn't getting member fees he would've been margin called to bankruptcy. His main source of income is fees and selling his overpriced "trading courses" that he relentlessly promotes with lies about it's efficacy
Maybe some Gareth will go even on his shorts...
Schwab shut down you cannot trade how is this legal!?
Ya that is total BS..
@@Gabber44906 robinhood did the same during gamestop switch to ibkr or fidelity
Probably their infrastructure couldn’t handle loads and loads of panic selling. System crash.
Awesome info-thanks!
I thought you said there's gonna be a melt up in the small caps
No, we just had it the past few weeks, and its HUGE RED FLAG of market collapse
So after today the bottom is in? Seems hard to believe.
don't believe it......dead cat bounce at the most............
The next level to watch for TLT 🤔🤔
Thanks a mill🙏🏻
What plans are in place to save the banks, the financial system, economical environment? Bail-out or Bail-in? How many trillions is enough? It will devasted the USD. USD600 Billion was needed in 2009.
ha ha ha
Chris you are always on point with the technicals but I think this is a needed pullback/market overreaction.
I totally agree, we need a washout move.. this another warning selling is picking up, but its not a new bear market just yet I dont think...
@@TheTechnicalTradersI think if there is a “bear” market or significant downward trend in market it will be short lived and late Q1 or Q2 next year. Then the QE will kick in and off to races again.
@@elonmusknewsnetwork we won't be here in Q1 or Q2.........check out WW3, especially the MidEast.....maybe as soon as this week or the latest 8-14..................
@@melgibson2233 geopolitical FUD ;)
Chris, You predicted 35$ Silver 2650$ Gold. bye bye now ?
Is Schwab having a Lehman moment?
I thought you were still long? When did you sell your positions?
Chris is a trader & sets stops which will close any trade that doesn't meet the last target price. If he gets an entry signal for a new trade, he'll be in like Flynn!
Just few days ago he said will be riding thetide higher. I am confused...
@@veli-pekkaharkonen6966 how about that?
@@veli-pekkaharkonen6966 that's right. When did he flip?
Expect the PPT soon
Wow I have not heard that term in a while...
10% is all the S&P has lost, right? Not even? Thats barely anything. It’s impossible to say. There’s lots of bad blood in the market you said so yourself. Talking about a 1929 style crash. Or maybe that was just Ray Dalio. The vix is so high. Maybe it’s a longer pause and it can still be a crash. There’s also the yield curve coming back around and they say that’s a negative sign for prices. Thats what happened in 2008, there was a sharp turn
correct................
it matters if you dont buy back in within 30 days cause taxes no? dont want to be slapped with capital gains.
When did you turn so bearish? Just last week, you sounded bullish
Bond rally won't last as policy response will stoke inflation
makes no difference.............non event................
It will be a vicious cycle for the next 12 -18 months. Just pray that the banks can withstand the bad debts otherwise the whole financial system will implode, and you will lose all your savings overnight. You might then see another round of even higher inflation after 24 months as the printing press begin to print more fiat currency, primarily to save the banks and maybe some big corporations. Let's hope there are no bank bail-ins then even if you're employed it will be useless. Your purchasing power will erode further but it will be meaningless as the banks are bailed -in and you lose access to your accounts / funds. Will there then be CBDCs??? Will they then ban the sales of Gold and Silver? Even government bonds might not be safe! The repo market will seize up. The Risk of bank bail-in will be a real game changer this time. Your best bet might be to have cash and gold under your mattress.
Boy, you love scary movies, don't you...
@@Rafa-dh4wh the banks will never implode again they will merely be bailed out
Is this Harry Dent?
@@TimShieldsPhotography not scary enough 😂
Boo!! Did I scare ya?
Why bother looking for exposure to anything except sitting safely in cash, this market could tank for 12 months just like 2022, Buffet has been getting into cash since last autumn.
👍👍
Wrong Chris! I'll come back when you can actually know whats going on lol