Nasdaq remains neutral on both the 1D and 1W time-frames (RSI = 53.821, MACD = 70.300, ADX = 31.405). The failure to cross boave August's High maintains the Nikkei bubble comparison that we posted a few months ago. As you see this Nikkei fractal since 1970 that led to the Bubble burst 1990 matches almost perfectly Nasdaq's price action from the 2008 Bubble until...
The Fundamentals
- Many investor favorites in the late 1960s & early 1970s were companies such as IBM, Xerox, and Disney which enjoyed PEs of over 35 in the nifty fifty bubble. In this latest stock market bubble, there were dozens of mid & large cap companies trading at over 10x revenues. Many unprofitable businesses even garnered over 6x Price/Sales ratios at...
This idea is based on a recent Kitco News Interview with Harry Dent. If are not familiar with Harry, he is an Contrarian Investor and Author. I have respected Harry's opinion, and more times than not, he is on the money. Pun intended.
From this interview I put together a chart of the S&P 500 with an attempt to convey his forecasts.
He is forecasting an...
If there is ever a sign that there has been NO capitulation in this stock market, $NVDA has to be it because we still have uninformed reckless BTFD behaviour. Last night post-earnings price action was a case-in-point. Consider this, between Jan 2019 to Feb 2023, the stock has gone up c.8x while eps remains approximately the same at $1.76 for FY ending Jan 2023...
Here's your weekly update ! Brought to you each weekend with years of track-record history..
Don't forget to hit the like/follow button if you feel like this post deserves it ;)
That's the best way to support me and help pushing this content to other users.
Kindly,
Phil
Chart says it all. 231 rs could be the final stop, with multiple levels on the way. Not directly ofcourse but it's the start today. Look for very quick short bounces in purple box region especially.
Typical Charts of other bubble bursts from the past which could tell the story of ADANIENT ahead. Blueline in the charts below represent where we could be right...
ROKU PANDEMIC BUBBLE now near fib bottom support
COMPANY HAS BEEN MAKING MONEY so.....
a leap put sale at $130 after fed news is a nice safe trade DYOD
Link experienced a textbook bubble, therefore I assume a textbook recovery can proceed.
The best levels to buy are highlighted in green I will post updates.
Pretty obvious when you zoom out a bit. "The bottom" I don't expect to see until around 2040, until then as you can see, a super bubble beginning to form. This is just the beginning.
The current level of euphoria and speculation on Wall Street is likely to go down in history in the same way that the misplaced optimism of speculators in 1929 was immortalized by the tremendous crash and ensuing depression. The current dynamics at play are more similar to that period than most realize.
Many potential catalysts for the Global Financial Crisis...
This is roughly where I think we are in this major bear market cycle.
The index is hovering around the 50 Month TEMA and the DXY is having in a large shorter term correction.
IMHO the market is vastly over-reacting to a single monthly CPI datapoint and there's a lot more pain yet to come.
I suspect strongly that the 100 and 200 Monthly TEMA are still in play over...
The red indicator shows the level of delinquency for each quarter.
The blue index is the SPX.
We have an inverse correlation.
With the increase in interest rates around the world, the cost of money becomes more expensive.
The payment of loans becomes more expensive, so the percentage of defaulters tends to increase.
To pay off debts, positions in the equity...
