🛒 Consumer staples is dealing with a remarkable situation on the macro front which we have discussed at earlier opportunities (see ALPHA PROTOCOL: SEEKING IMMEDIATE EXTRACTION).
One should be wary of the immediate risk for a waterfall as consumer staples hang onto...
Some interesting info on Gold.
Reading a couple of articles on Gold. I feel the general consensus is Death to Dollar & Strength on Gold. I feel the Global pandemic has shifted the normal correlation across the entire market and possibly every instrument.
If you look at the spike in the U.S. 10-year Treasury yield, dealing gold a series of setbacks. This is far...
Experts are confident that STEM it is about to transform the renewable energy landscape.
Citron Research said it is the most exciting alt-energy play since Tesla.
Stem is an energy storage play currently trading through blank-check company Star Peak Energy Transition.
The company is one of the last pure plays on energy storage to come public. Plus, it already has...
I've corrected my last idea ( ) on the formation of the Bullish pennant and the date of my PT.
MACD and RSI on the 3-month are still looking very tasty. As I described in my last $ACTC post, Proterra has a strong presence in the EV space- owning 50% of the North American market share...
US strength could be the LPSY of the AUD - this means we could get a high to the BC, some rangebound moves and then the drop to around 74000 level.
in terms of Elliott, we are either in the 3-4 down or if we get a new high here it will be a fake-out and then down.
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes...
Good day traders,
We position us short in Chinese tech again. According to a contact of mine in Washington, the Biden administration plans to impose a Trump-era rule aimed at combating the rising importance of Chinese technology firms .
The rule, that the Trump administration proposed in November, enables the Commerce Department to ban technology-related...
When trading the US market - we need to consider several factors, past performance, key events, more recently Covid and the change of the US President. All of which have a significant influence on the market and the world.
Professional investors are looking closely for signs of a bubble.
If you look at the timings and go back to our post a few weeks ago - long...
📌 Dollar for the Yearly Close
Now comes the dollar complex which we have covered several times - the artificial devaluation which we were tracking in 2019 has arisen:
Dollar bears now have a good position, because it is looking highly unlikely that Trump...
REGI has had a fantastic run since August of last year, running up almost 400%. REGI however has broken the 50 day SMA line which leads me to see it having more downside in the short term, going down to my price target of 73.40$. From there, REGI has the possibility of either breaking trend and continue down towards the low 50s where there is a lot of support for...
looks over extended here with all the 1.9T stimy talks I think 92 will be strong resistance, another test to Lower lows seems likely B4 we get any strong dollar rally IMO
Indications & Patterns
Monthly TF
- Descending Wedge formed and being tested
- EMA21 being tested with ATH volume
Weekly TF
- Heavily tested EMA21 and SMA50 broken and have crossed
- SMA100 now being tested
- Leaplong downtrend line forming descending triangle with fib 0
- Bullish Div on Sqzmom
Daily TF
- Bear div w/ possible hidden bull div on MacZ
- SMA200...
The Price of Crude Oil has recovered after an awful 2020 year. With a new president elect bringing new sanctions, there is a lot to like about oil even above $60 a barrel. The massive decrease in supply due to the shutting down of the Keystone XL, will cause a continued uptrend overtime, similar to the one we are currently seeing regardless of demand (which is...
Either we will see higher volatility going towards new highs in silver now or it will continue on a long term uptrend. The Biden stimulus should however have an impact and result in greater inflations and therefore mean that silver will be valued higher towards the dollar. If it doesn't, then silver isn't connected to fiat and geopolitics and therefore broken and...
