IvanLabrie
Long

$SPY: Market bottomed a day ago...

AMEX:SPY   SPDR S&P 500 ETF TRUST
The long term trend is up until 2021, the intermediate term trend in the 2 month timeframe is about to confirm a new bull market like the one that came after Trump's election in 2016...Interestingly the top of this trend will be at the same time the yearly trend ends. The move that came out of the 1998-2011 consolidation will technically last until 2021. There's a huge amount of trends in different markets with the same time duration, all ending by 2021. Not sure what to make of it, but I'm sure we will see a big move in stocks and $BTCUSD, between now and then. I'd err on the bullish side.
The return of stocks vs bonds makes stocks too attractive in the long term, with yields dropping to negative everywhere, there's no other place for money to go, once US treasury bonds yield 0% after inflation as well. For now, yield differential made UST attractive for foreigners, but that might change if rates drop further. Maybe we go back to QE?
For now, the logical thing to do seems to be buying quality names, low debt, high earnings yield stocks, and own some $BTC.

Best of luck,

Ivan Labrie.
Comment:
Comment:
Comment: I'm holding 100% exposure to US stocks currently, I think the gold trend might have topped. Only keeping exposure to #BTC and #ES in my portfolios currently. I'll look into individual stocks to buy during the weekend.

#VNM is an interesting one to keep an eye on, given Vietnam's fundamentals and the chart showing a huge reward to risk ratio in the quarterly timeframe.

Solar seems to be a good investment as well, both panels and a position in #FSLR probably (it came back over support after consolidating for a while after the last big rally).

Bond alternative stocks are most likely the safest places to look for positive yields.
I disagree. Volume has bottomed since 2008 and might begin its own bull cycle. However, as with 2000-present, there’s a strong correlation with higher volume and decreasing price (institutions buying lowering prices in anticipation of next bull cycle). See the volume profile provided in my idea.
Reply
IvanLabrie Teklologist
@Teklologist, sentiment is too negative to keep falling. I don't think looking at Elliot waves in volume is something I'd do. As far as Wyckoff goes, he was a journalist, there's no strict and objective enough rules based approach to apply his ideas to analysis in my opinion. Not rigorous enough to be 'scientific'.
Reply
I'm guessing you think this is the dip to load up on.
Reply
@Spofas, yes, it was. I'm long stocks, and #BTC currently. I only buy gold as a hedge here and there, but not holding it without looking.
Reply
nice work done.
Reply
Hoooweeeeeeeee - Ballsy call. I'm 5050 on stocks right now. Buy BTC, Look for Asia currency weakness
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out