With Chinese markets having been closed all of last week for new year holiday their traders were unable to join in on the global market selloff this past Friday. I'd imagine Chinese traders will be in a hurry to sell as soon as markets re-open tonight, especially if their last day of trading prior to the holiday week was any indication of what to expect going...
Hi all, The bull run of the gold price in nov dec 2019 was due to the highly overprices stockmarket. Anticipating of a sell-off of the stockmarket was inevitable (macro-economic figures are coming out now).. For example: the PMI index dropped to a low of 2015. Yes.. nasty things to come.. Some reasons for the gold prices to surge in nov/ dec 2019: * Highly...
You may say: What a BS! isn't it a SHORT idea?! So what's with the title?! If you're going to sell GBPAUD, please hold on. Take a deep breath and wait for the right moment to come. When would it be? sorry you have to wait about two weeks. Remember you don't have to hold your breath! Just hold your trade! :) There are two obvious reason for this: CRAB harmonic...
A 'black swan' event is something out of the blue - that creates systemic risk. The 2019-nCOV (virus) is potentially one such thing. The markets have not been prepared for this - at all. Could it be the pinprick that pops the 'tech bubble' that influences markets globally? The shock waves of this itty bitty virus are totally unexpected. I go into some price...
If a whole country is pulling out of the market from fear of the plague, this big red candle will have more friends soon. Buy some gold, and short this.
www.cdc.gov The burden of influenza disease in the United States can vary widely and is determined by a number of factors including the characteristics of circulating viruses, the timing of the season, how well the vaccine is working to protect against illness, and how many people got vaccinated. While the impact of flu varies, it places a substantial burden on...
www.cdc.gov The burden of influenza disease in the United States can vary widely and is determined by a number of factors including the characteristics of circulating viruses, the timing of the season, how well the vaccine is working to protect against illness, and how many people got vaccinated. While the impact of flu varies, it places a substantial burden on...
EUR/NZD saw a huge spike last week reaching back inside the upward channel. The latest risk-off sentiment hurt NZD and other risk-on currencies driving them lower against its rivals. So far that is the main fundamental driver so far since NZD recovered a lot after RBNZ's last surprise cut and economic recovery setting them on a more neutral stance for a while....
Just looking at LAKE, which makes hazmat suits. A Coronavirus stock? Not a recommendation, but on my watch list. 9x EV/EBITDA -- attractive -- and at 1 PS ratio. I wonder if it can be a hedge if this gets worse. Just a thought, nothing more, and I'm watching closely.
SOXX is near its first buy level at the upper blue trend line. I am taking a small position here, and I will triple the position if it reaches the lower blue trend line. SOXX is a great investment to buy and hold for the long term, having pretty consistently outperformed the S&P 500. However, coronavirus is a real concern, because semiconductor companies sell a...
Coronal is in Alarm state by WHO and harmonic Pattern and Parallel Channel confirm the bullish trend to 1601
Bought at 35.5 (Jan 30, 2020) Stop slightly below support Targets: 38 (1:1), 40 (2:1), or run back to highs Note: Play bounce of 50MA, I had my alert at 50MA so I entered. Expecting the break of short selling over reaction due to this corona virus. Indicators say still on a downtrend of course. But just trusting this 50MA support and levels for the bounce....
My intuition tells me it's not. I think the Fed will be able to keep the stock market afloat for another 2-3 months (unless CoronaVirus goes really beserk), and AMD will reach new highs in the $55-$60 range as indicated by my completely arbitrary, diagonal line.
A very nice set up presenting itself for the EURJPY. We are at a very important flip/support zone after a prolonged downtrend with multiple swings. Here we seem to be exhausting the down trend, and are forming a basing pattern here a double bottom/range. Nothing is confirmed until we get the break and close above the 120.40 zone. A set up we are watching for the...
Use this as a guide to develop your personal view. Main items we can see on the Daily Chart: a) The price is inside a Weekly ascending channel and currently is against it (major reversal zone) b) If we pay attention, there is another channel (light blue), and the price is close to breaking it with a bearish movement c) If that happens, we will wait for a...
As we warned in our two previous reviews, investors relaxed clearly prematurely. Actually, the dynamics of underlying assets on Wednesday confirmed this. And the front pages of publications clearly indicate what investors should think and worry about now - the coronavirus epidemic. Yesterday we wrote that its scale has already exceeded SARS, and the epidemic is...