I think given the deteriorating macro environment there is a decent chance XLF breaks below 30 and heads to 26 in the coming 6-12 months.
Deja Vu. Remember this set-up? Looks like trouble ahead for stonks.
US 10y yields have pulled back from over 4.3% to below 3.6% in a matter of weeks on the back of FED HOPIUM. We may get a slowing in rate rises but not due for a pause yet and way too soon to price in cuts. I see yields rebounding from around 3.50s% back towards/above 4% in coming weeks/months.
TSLA is a p o s And I don't mean it's a position in my portfolio. I've made a lot of money shorting it in the last year but for those looking to "buy the dip" because it's "cheap"...... It was possibly the biggest bubble ever created by the #FEDcriminals over the last many years of ZIRP and infinite QE I'm not suggesting that it goes to zero but I would not be...
Call me old fashioned if you like (because I'm old and have been doing this a very long time), but the Dollar Index DXY is doing what we used to refer to as a "Bobby". "Bobby" as in Bobby Charlton (footballer, look him up) who was known for thunderbolt shots into the top right hand corner of the goal. Charts displaying vigorous price action into the top right...
Call me old fashioned if you like (because I'm old and have been doing this a very long time), but the Dollar Index DXY is doing what we used to refer to as a "Bobby". "Bobby" as in Bobby Charlton (footballer, look him up) who was known for thunderbolt shots into the top right hand corner of the goal. Charts displaying vigorous price action into the top right...
Call me old fashioned if you like (because I'm old and have been doing this a very long time), but the Dollar Index DXY is doing what we used to refer to as a "Bobby". "Bobby" as in Bobby Charlton (footballer, look him up) who was known for thunderbolt shots into the top right hand corner of the goal. Charts displaying vigorous price action into the top right...
If you are bearish this DAX chart will make you happy. Bigger picture headed lower in wave C potentially Assumes triangle wave B ended and breakdown since then forms waves i and ii of C Whereby ii has retraces 61% of i and also a=c within ii plus ii has retested underside of triangle breakdown
Nice shooting star candle at key resistance on the daily could be signs of a reversal
This is what I am considering for the move up in stonks the last number of weeks I'm not bullish at this point especially after NFP today FED is NOT Pivoting anytime soon Rates and the USD are going back up again and this is fundamentally not good for stonks Technically looks like a three leg counter trend bear market rally at this point and we have just seen...
Chart speaks for itself. 3 leg move up into resistance. Corrective price action. Next USD upleg in coming weeks.
Post FOMC "pivot" has caused a break of the potential HnS top in yields HOWEVER - this could be a false break as currently holding right below the neckline If PCE data tomorrow comes in hotter than forecast then all bets off again and yields higher as market is ahead of itself in thinking FED has pivoted already More hike to come imo unless everything craters
No matter how bearish you might be on the back of FED/rates/inflation storyline.....bonds are coming into strong levels of support and round number 150 Next 3 months+ could see sizable rally of at least 5%-10%
There is no reason to be short OIL "Doing a Bobby" (Charlton) as we used to say (shooting in to the top right hand corner) Higher lows, potential 4th wave EW pullback finished and heading up in a wave 5 (often the strongest wave for commodities) Stochastics suggest more to come, RSI headed higher PLUS, Russian Oil situation PLUS, US to replenish the SPR Nothing to...
German 10yr yields which have been negative yielding for much of the last few years continue to RISE and just hit a two year high (last seen May 2019). They are set to go even higher in coming weeks/months and should be back in positive yield territory shortly. Charts suggest German 10yr yields could rise to +0.50% in 2021. Great news finally for...
Potential reversal from here 1.05-1.15% zone Confluence 1989 downtrendline and 2015 yield high resitance RSI o/bought
I've been bearish and surely this inverted H+S pattern is TOO OBVIOUS but let's see if it plays out. Long 4150 stop 4050 target 4600 area. By the way I thinks Bonds are close to a reversal lower in yields 1.05% Bunds 3.20% Ten Year
We may be making an interim top in DXY at 101. Looking for range 92-102 over coming months.