I have been a trader for 13 years and traded through the financial crisis . I have been around the block , gained and earned lots of experience while constantly learning from the best traders in the world. I am a full time trader , help/teach people how to trade properly and profitably .
I ALSO RUN TRADING ROOM OF VERY INTELLIGENT TRADERS AND...
Always remember that I am NOT making recommendations to buy or sell ANYTHING investment related. You must do your own research.
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From 10-8-2019 CNBC Article
The father of the yield curve indicator says now is the time to prepare for a recession.
The yield for the 3-month Treasury has been above the 10-year since May, a condition known as an inverted yield curve that has predicted the past seven recessions.
“This is the time where you need to reflect upon your strategy."
Dow Jones is extending the rebound on the Higher Low made yesterday on the 1W Channel Up (RSI = 51.067, MACD = 249.310, Highs/Lows = 0.0000) after the Nonfarm Payrolls missed the forecast today. This fundamentally bullish for the stock index (Fed and rate cut outlook).
Technically the 1W Channel Up failed to make a Higher High last month so the medium term...
My current opinion (to be invalidated if there are signals that contradict my current view). On daily charts, we could probably see an ultimate outburst to the top next week before a progressive collapse (on November 2019?) of the US (and therefore worldwide) equity markets. If this happens, then we would have a perfect Diamond pattern which would be potentially...
The US Markets could make a corrective 3-Wave move to the upside. If this scenario plays we should see a c-wave to the upside which has the 100-123.6% fib. ext. as target area. Chance vs. Risk would be about 2 or higher at the moment. Note that my overall picture on the US Markets is still more to come on the bearish side.
Walmart update: 24/2/2018
completely uptrend ???
Walmart was a great long in 1997 and remains
in an uptrend. So far in november 1999, though, the stock
has been retreating.On January 2009 a bullish engulfing
pattern occurred; the price jumped from an open of wave-e
Walmart is another stock that had a great 2018, but started
out on June 2018 by pulling back Wave-b
These things cannot be timed exactly or predicted to the day. Nevertheless, you would do well to be aware of the economic environment in which we find ourselves and how fragile things are. I have sketched a possible scenario on the chart that seems quite probable to me right now. This is just to illustrate my current view of things. Of course I can be completely...
I am short term bearish for the US Markets but I expect a last 5-Wave Impuls Move on the upside in the longer term (look at the SP500 Big Picture Analysis).
We are currently seeing an inversion of the US 10 Year Yield and the 2 Year Yield this is a recession signal but remember after this signal we get on average another 22 Months until a bigger correction and...