As Stocks & Crypto push higher, even yields ticking up with a hint of a Gold rally.
It is my opinion that stocks simply can't be this inflated for long. Yes we need to wait for the Fed to reduce QE pace. However, one needs to get Volatility while it's cheap.
Looking for a short term bounce in the #VIX to $24 with this beautiful double bottom / W pattern.
The daily chart is showing market sentiment from a breadth perspective: the percentage of stocks on the NYSE (2943 stocks) that are above their daily moving averages.
The trend is increasingly bullish but that increase has peaked in recent days.
MMTH - RED - Percentage of stocks above their 200 DMA
MMOF - Percentage of stocks above their 150...
Beautiful descending Higher timeframe continuation correction. Watching the lower timeframe descending within structure to see if we get a clear push up and continuation if so I'm looking to buy and hold for the foreseeable future.
looking for a market correction up to %40 before the long term recovery.
VIX target : 50-55.
it cooled down all the way back to the bottom , from the covid-19 tops .
i don't expect it to spike up through 70-80 range again.
as always, i try to keep my thoughts simple and clear.
these are my thoughts going into this week, I am watching for an opportunity to make a swing play, but if the price pulls back far enough, there could be an excellent opportunity to buy in for a long hold in my opinion.
please do not invest based on my opinions and do your own DD.
Technical Analysis and Outlook
The Spooz bounced off the Mean Sup $3,548 and heading to Current Outer Index Rally $3,750 , followed by Inner Index Rally $3,820 and Next Outer Index Rally $3,870 . The current ''Buy Zone'' and Mean Sup $3,625 stands as an excellent opportunity for buying once the prices drop this zone. To continue the rest of the market...
Stocks have been pushing higher into December all sectors are favouring a push past the 30K highs and it possibly could happen over the next few days or weeks. If this vaccine goes well then the economy will really be heading into 2021 with strong thrusters propelling it forward and a new president in the white house could add even more. There is but one thing...
I hope many of you have been prepared for a pull in the indexes. The whole move lower right now is fueled by the fact that nobody owns protection into November, which is crazy considering there are elections coming, and now suddenly all the fund managers and retail crowd are slowly starting to realize it. The correction is very much needed to let some...
By looking at the daily chart, we can see the strong bullish rally that took the price from the March 23rd lows of around $44 to the June highs at $64, for an outstanding 45% increase in just couple of months. However, the stock didn’t stay there for long as a combination of a high profit taking interest and some further selling pressure took the price down again...