Summary: A rally in Social media stocks helped send the major indexes to new all-time highs. The optimism spread to other big tech stocks, giving the Nasdaq a high volume advance but leaving the advance/decline ratio below 1.0.
Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog.
Summary: Rising jobless claims surprised the market this morning, sending cyclical sectors lower and causing a reversal in small caps after several days of gains. Investors rotated back into growth stocks and big tech, which are more resilient to the swings in the economy.
Ideas always welcome in the comments. Errors will be amended as comments on...
Idea for SP500:
- For me there is no question that there will be a major correction in indices in the near future (by EOY - Q1 2022). There is also no question for me that it will occur before interest rate hiking by the Fed (if they indeed raise them). It is just a matter of getting the right entry and getting the prize.
- Don't be excited by daily fluctuations...
Idea for SPX:
You know the story of the Fall.
It's the top.
The Great Tribulation Sept.17, 2021.
- $AAPL historically marked tops in US markets:
- Ending Diagonal:
- Oil, broader market, yields, commodities, risk currencies rolling over or...
So , a look at our presidents, and their performance as far as the heart of the country goes.
this is the DJI this is the industry of america.
Looking at the timeline, you can see clear indications of how the presidents ran the countries, and what you could expect in the future.
NASDAQ, is Facebook, Appl, AMD, Netflix and google.
the break up of big tech is...
Yes, I'm crazy enough predicting the crash !!
The COVID Crash of March 2020 (Source: corporate finance institute)
The market collapse in March 2020 was caused by the government’s reaction to the Novel COVID-19 outbreak, a rapidly spreading coronavirus around the world. The pandemic impacted many sectors worldwide, including healthcare, natural gas, food, and...
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Idea for Oil/Macro:
- The bottom line is that the inflation narrative is driven by one commodity - Oil.
- Price is at a 40 year resistance.
- The only thing actually holding up the price of oil is OPEC+ agreeing to cut production (Artificial inflation).
- QE is actually deflationary, all it does is put a floor on markets and suppresses volatility and creates...
In 1872 George Tritch documented a strategy for when to Buy and Sell stocks over the next 200 years.
While Buy and Hold performed better, it is pretty impressive that a strategy documented almost 150 years ago had a 91% hit rate.
The strategy also identified the (near) peaks of major crashes including 1929, 1999, 2007 and 2020.
Two key learnings:
1. Buy and...
here is an interesting look at the DJI ...
does not mean it will repeat but if i did I would be looking for it to retract to .5 but it is very possible it could break the up trending line and continue higher.
frist target of dow is fibo 61%, if it can break target 2 is fibo 161% 35800
we strongly advice dont pick sell , stand on buy side,looking for buy to hold until near 35800
pick sell in gold,dax,dow,index is very very dangerous (see weekly trend,they always go up,upper)
if you have old sells , we advice close all now ,dow can fly up wild (no big...
Summary: Worries over the health and speed of the recovering economy remained this week, and the big mega-caps weren't enough to keep the indexes moving higher. Investors weren't sure what to do with a mixed bag of economic data, causing volatility in bonds and equities.
The Market Week in Review is my weekend homework where I look over what...
The weekly chart of the Nasdaq index is showing weakness with multiple weekly candle rejections at exactly the 1.618 fibonacci extension level.
This is key to note as the 1.618 as many know is often the first place traders short, sell and or take profits after price breaks all time high. So paying attention to the $180 level will be important. If bulls can ever...
As what should be no surprise, the S&P 500 has found itself on the verge of breaking bullish out of another bearish ascending channel.
Typically, when price action breaks bullish out of a bearish pattern the moves are very powerful.
This brings us to exhibit A on the weekly chart. A decisive breakout occurred last week and now this week currently looks to be...
Just my observations looking back on all the events during this credit expansion cycle. VERY interesting when you look at the RSI indicator below.
Look at all the historical market events that correlate to exact tests.
***The Cryptocurrency markets will lead the way off the cliff.
We may have already started... I really don't...