I decided to clean up the chart add a bit of context. To my eye, it looks like we have a big move ahead. Is this month's Federal Reserve meeting the catalyst for either direction? In any event, every dip in gold and miners have been bought. Let's see if the trend holds.
Does printing money "for the people" stimulate the economy? Real Macro data says Absolutely not!
GDP growth is grossly underperforming public debt.
So why do they call it "stimulus"? The only thing $5 trillion in deficits & $4 trillion in QE in 5 months accomplished is to pump up asset prices.
Do not confuse normal economic rebound from the depths of hell as a...
The high that was created by the hype during its IPO is ready to get taken over by the hype that's created from a cashless society.
- MACD daily golden cross
- MACD volume increasing
- Demand volume increasing
- Broke out of bullish pennant
- Bullish Moving averages
Hoping for some consolidation at this level due to 2 massive supply tails at 1.915.
FLIR Systems makes high-tech imaging systems. The stock has been selling off since its last earnings report, despite the fact that earnings and guidance both beat analyst estimates. Perhaps the selloff was because the company failed to issue forward guidance, or perhaps it was because free cash flow took an 18% hit last quarter and FLIR announced a 2.5% debt...
Great price action, exactly what we want to see.
Pumped into earnings with incredible price action, and a strong follow-through the 20dma. Slightly under the 20dma would certainly be my stop.
I think there are much better positioned for breaking through this topping point here.
Earnings are on Tuesday. I think we see a beat.
Will be interesting to see if...
If we break below the black multi-year support line, and if we test it's underbelly successfully by bouncing off the white 0.25 level of the Schiff pitchfork, which we seem to have done already, we need to fall below the white 0.25 level and turn it into resistance.
If this happens and if we stay decisively below it, for several weeks, after multiple...
This is one of those charts that do not make people happy, because its not based on delusion. I keep looking through charts and saw people predicting $45,000 - 200,000 bitcoin. I ask, what are those charts based off? I have called them "just because" charts.. as the authors usually say "because BTC has continuously rallied in price". But you never hear of good,...
Seasonal investors who follow the "Stock Trader's Almanac" approach to investing use June's first downward cross on the MACD indicator as their signal to exit the market until October. We got that all-important signal this week, which suggests that we have now entered the period of seasonal weakness. My experience is that there's money to be made by investing in...
RED DASHED PARABOLA IS ON LINEAR CHART. I will publish Log charts next.
These charts show end of 2023 something has to happen. I suspect that we will see a new structure/change to USD as the reserve currency and the next 30-40 year evolution of reserve currency as uncovered by Mike Malone in hidden secrets of Money.